Terms & Conditions

TERMS AND CONDITIONS

IMPORTANT – Pease read these Terms and Conditions carefully before completing your registration and accessing HubbleBIT.com, and contact us if you have any questions. By clicking “I Agree” or “Accept” or “Continue” as the case may be, registering and/or using the HubbleBIT’s services, you confirm and acknowledge that you have read these terms and conditions, understood the content, and agree to be bound by them. Changes in these Terms and Conditions will be notified by us via the Platform, Website or email. You agree to any of these changes by continuing to use HUBBLEBIT Platform and Services.

1. REGISTRATION AND USE
1.1 This is a User Agreement is between you (also referred to herein as “Client,” “Customer,” or user) and HUBBLEBIT Inc./LTD (“HubbleBIT”, “we”, “us”, and “our”). This agreement governs your use of the services provided by HUBBLEBIT described below. By signing up to use an account you agree that you have read, understood, and accepted all of the terms and conditions contained in this Agreement.
1.2 We advise to check our website periodically in order to review the current agree that you have read, understand, and accept all of the terms and conditions contained in this Agreement.
1.3 HubbleBIT Services are available and may be used only by persons who can enter legally binding agreements under the applicable laws in the country of their residence. Additionally, these services are not available to “Minors”, the individuals under the age of 18 or otherwise under legal age, and/or persons who cannot execute legally binding contracts under laws of their country of residence. For the avoidance of doubt, HubbleBIT shall not be responsible for any unauthorized use of its platform or services by such persons.
1.4 If the trading account is held by more than one (1) individual, all the account holders hereby have read, understood, and accepted all of the terms and conditions contained in this Agreement.
1.5 HUBBLEBIT’s Trading Platform is prohibited to be used by a citizen or resident of the United States of America, as well as other countries as required by Applicable Law, or required by our internal policies (these are known as “blocked countries”). The Client fully understands and agrees that HUBBLEBIT is not liable if the country of client’s location or residence becomes restricted or blocked.
1.6 Use of the Trading Platform may not be available and is prohibited from anywhere in the blocked countries. If you travel to the blocked country you may not have access to your HubbleBIT’s account or any of our services. HUBBLEBIT will not be held liable for any loss which results from your inability to access our platform or your account from the blocked country.

2. SECURITY MEASURES
2.1 You are responsible at all times to ensure that your credentials remain secure and confidential. It is important to prevent unauthorized parties from obtaining this data. If you discover or otherwise suspect any security breaches related to the Platform, you must contact HubbleBIT immediately.
2.2 You are responsible at all times for using your account in a secure manner and in a secure environment, meaning that the internet connection and the devices on which the Platform is being used are secured at all times

3. PRIVACY POLICY AND DATA PROTECTION
3.1 Due to the nature of HubbleBIT business and relations with the Client, HubbleBIT shall hold some personal client information. All data collected, whether it is on paper or on a computer is safeguarded in order to maintain the Client privacy under Data protection laws.
3.2 Personal Information Collected by HubbleBIT is treated as confidential and is protected by the Privacy Act 1988 (Cth). We collect, hold, use and disclose your Personal Information in accordance with our Privacy Policy which is available on the Website. We also comply with the requirements of the EU General Data Protection Regulation (“GDPR”) as adopted by EU Member States.
3.3 HubbleBIT shall be permitted to use and/or disclose the Client Information
(a) For internal use, including with affiliated entities;
(b) As permitted or required by law;
(c) For protection against or prevent actual or potential fraud or unauthorized transactions or behavior
(d) For computerized supervision of Client’s use of the services, review and/or supervision and/or development and/or maintenance of the quality of services;
(e) to protect HubbleBIT rights or obligation to observe any applicable law.
3.4 The Client hereby grants HubbleBIT their permission to make use of their details in order to provide updates and/or information and/or promotion or marketing purposes through the Clients E-mail address or other contact information. Cancellation of this consent shall be performed by providing written notice to HubbleBIT, and shall apply to new publications that have not been sent.
3.5 The Client agrees that HubbleBIT may record and monitor all conversations with the Client (and maintain a record of) all emails sent by or to HubbleBIT. All such records are HubbleBIT property and can be used by HubbleBIT, amongst other things, in the case of a dispute between HubbleBIT and the Client.
3.6 HubbleBIT Trading Platform, Website or other services may require the use of ‘Cookies’.

4.LIMITATION OF LIABILITY
4.1 The Company shall not be responsible for and disclaims all liability for any loss, liability, damage (whether direct, indirect or consequential), personal injury or expense of any nature whatsoever which may be suffered by the Client or any third party, as a result of or which may be attributable, directly or indirectly, to the access and use of this Website, any information contained on the Website, the Client’s personal information or material and information transmitted over HubbleBIT system. In particular, neither HubbleBIT, nor any third party or data or content provider shall be liable in any way to the Client or to any other person, firm or corporation whatsoever for any loss, liability, damage (whether direct or consequential), personal injury or expense of any nature whatsoever arising from any delays, inaccuracies, errors in, or omission of any information, or for any actions taken in reliance thereon or occasioned thereby or by reason of non-performance or interruption, or termination thereof.

5.INTELLECTUAL PROPERTY
5.1 All logos, trademarks, names and service marks (collectively “the Trademarks”) displayed on the Website are registered or unregistered trademarks of HubbleBIT or third party that may own the Trademarks displayed on this Website. Nothing contained on the Website should be construed as granting any license or right to use any trademark displayed on the Website without the written permission from HubbleBIT or from a third party. Client’s use of the Trademarks displayed on the Website, or any other content on this Website, except as provided in these Terms of use, is strictly prohibited.
5.2 The Client may only download content for his personal use and non-commercial purposes, but no modifications or further reproductions of the content are permitted. The contents of this Website, including any text, images, executable code and layout design may not be distributed, reproduced, publicly displayed, downloaded, modified, reused, re-posted, or otherwise used except as provided herein without the express prior written permission of HubbleBIT. The Client may not, for any reason, distribute, modify, duplicate, transmit, reuse, re-post, or use the content of the Website for public or commercial purposes, including the text, images, audio, and video without a prior written consent from HubbleBIT. Anything that the Client transmits to this Website becomes the property of HubbleBIT, may be used by HubbleBIT for any lawful purpose, and is further subject to disclosure as deemed appropriate by HubbleBIT, including to any legal or regulatory authority to which HubbleBIT is subject. HubbleBIT reserves all rights with respect to copyright and trademark ownership of all material at this Website, and will enforce such rights to the full extent of the law.

6.LINKS AND ADVERTISEMENTS
6.1 HubbleBIT may include links to other Internet websites or resources, as well as for third party advertiser’s websites. You acknowledge and agree that HubbleBIT shall not be responsible for any such external website, resource or advertisement, and does not endorse and is not responsible or liable for any Content, advertising, products or other materials on or available from such sites, resources or advertisements.

 

CLIENT AGREEMENT

1. RULES OF USE
1.1 When registering for a HubbleBIT account, you must provide complete, current and accurate information for all required elements on the registration page. If at any time this information changes, it is your obligation to update it as soon as possible. We reserve the right to maintain your account registration information after you close your account for business and regulatory compliance purposes.
1.2 When using the services provided by HubbleBIT, you hereby agree that you will not:
a) provide false, inaccurate, or misleading information;
b) partake in any transaction involving the proceeds of illegal activity;
c) intentionally try to defraud (or assist in the defrauding of) HubbleBIT or other HubbleBIT users;
d) violate (or assist any other party in violating) any applicable law, statute, ordinance, or regulation;
e) partake in any transaction involving the proceeds of illegal activity;
f) transmit or upload any virus or other malicious software or program;
g) take any action that intercepts or expropriates any system, data, or information;
h) attempt to gain unauthorized access to other HubbleBIT accounts, HubbleBIT.com website, or any related networks or systems;
i) collect any user information from other HubbleBIT users, including, without limitation, email addresses;

2. OPENING AN ACCOUNT
2.1 HubbleBIT will open an account for the Client (the “Trading Account”) as soon as reasonably practicable, and once HubbleBIT has received confirmation that the Client has agreed to enter into this Agreement (such confirmation can be made by checking the “I AGREE” button or link on HubbleBIT website. The Client confirms that the provided information is full, accurate and complete. If there is a change in the information provided by the Client at any time, the Client must notify HubbleBIT immediately of any such change.
2.2 Client’s Trading Account will be activated by HubbleBIT as soon as HubbleBIT has identified the funds credited by the Client to the Trading Account. HubbleBIT may activate the Trading Account and permit trading in the Trading Account subject to such limitations, and before full verification has been determined, and to the satisfaction of such further requirements as HubbleBIT may impose. In the event that the Trading Account is activated but any such requirements are not complied with, HubbleBIT may freeze activity in the Trading Account. Where a Trading Account is not activated or is frozen, no funds held by HubbleBIT in respect of that Trading Account may be transferred back or to any other person until HubbleBIT is satisfied that all Applicable Regulations have been complied with.
2.3 In relation to any Transaction entered into pursuant to the Agreement HubbleBIT may act, according to HubbleBIT sole discretion, as principal or as agent on the Client’s behalf. Therefore, HubbleBIT may act as the counter party to the Clients Trading activity. The Client confirms that it acts as principal and not as agent or trustee on behalf of someone else.
2.4 The Client represents and warrants that his engagement with HubbleBIT in this Agreement and his use of HubbleBIT services are in full compliance with the law applicable to the Client.

3.TRADING PLATFORM
3.1 The Trading Platform supplied by HubbleBIT enables trading in foreign exchange rates of different commodities, currencies and any other financial instruments made available by HubbleBIT (all hereof: “Financial Instruments”). The Platform displays indicative quotes of exchange rates of different financial instruments pairs, based on different financial information systems, as the most updated exchange rates in the international capital markets. For determining the quotes for different time periods, the platform is making mathematical calculations according to known and accepted capital markets formulas. It is acknowledged by both Parties that due to different calculation methods and other circumstances, different trading platforms and/or markets may display different price quotes.
3.2 The Client will receive a predetermined pay-out if their transaction expires in-the-money, and he will lose a predetermined amount of their investment in the Transaction if the option expires out-of-the-money. The predetermined amounts are a derivative of the collateral invested in the transaction by the Client, and will be published in the Trading Platform. The degree to which the option is in-the-money or out-of-the-money does not matter as it does with a traditional option.
3.3 HubbleBIT does warrant that trading in the Trading Account will be available at all times.
3.4 The Client gives an authorization to HubbleBIT to rely and act on any order, request, instruction or other communication given or made (or purporting to be given or made) by the Client or any person authorized on the Client’s behalf, without further enquiry on the part of HubbleBIT as to the authenticity, genuineness authority or identity of the person giving or purporting to give such order, request, instruction or other communication. The Client will be responsible for and will be bound by all obligations entered into or assumed by HubbleBIT on behalf of the Client in consequence of or in connection with such orders, requests, instructions or other communication.
3.5 HubbleBIT has the right, but not the obligation, to set, limits and/or parameters to control the Client’s ability to place orders or to restrict the terms on which a Transaction may be made. Such limits and/or parameters may be amended, increased, decreased, removed or added to by HubbleBIT and may include (without limitation):
a) controls over maximum order amounts and maximum order sizes;
b) controls over total exposure of HubbleBIT to the Client;
c) controls over prices at which orders may be submitted (including, without limitation, controls over orders which are at a price which differs greatly from the market price at the time the order is submitted to HubbleBIT order book);
d) controls over any electronic services provided by HubbleBIT to the Client (including ,without limitation, any verification procedures to ensure that any particular order or orders has come from the Client); or
e) any other limits, parameters or controls which HubbleBIT may be required to. HubbleBIT may, in addition, require the Client to limit the number of open Transactions which the Client may have with HubbleBIT at any time.
3.6 HubbleBIT does not allow actions or non-actions based on arbitrage calculations or other methods that are based on exploitation of different systems or platforms malfunction, delay, error etc.
3.7 HubbleBIT is entitled, by its own discretion, to cancel any trade that has been executed due or in connection with an error, system malfunction, breach of the Agreement by Client etc. HubbleBIT records will serve as decisive evidence to the correct quotes in the world capital markets and the wrong quotes given to the Client; HubbleBIT is entitled to correct or cancel any trade based according to the correct quotes.
3.8 Client can see their open trades (“Positions”) and guarantee funds situation at any time by accessing their Trading Account in HubbleBIT platform and viewing past trade’s reports generated by HubbleBIT. No hard-copy reports are sent.

4.FUNDS
4.1 The Client has a choice of transfering funds to HubbleBIT with different methods of payment as permitted by HubbleBIT from time to time and in any currency (acceptable by HubbleBIT), and such funds will be converted and managed in the Trading Platform in USD and/or EUR and/or GBP, as determined by HubbleBIT, according to the available market rates.
4.2 When transferring funds via bank wire, the Client must send HubbleBIT an authentic SWIFT confirmation, stating full bank account details and proof that the bank account is registered under their name. Non-delivery of the SWIFT confirmation or in case that the details do not conform to the Client’s details registered with HubbleBIT may result in the funds not being credited to the Client’s Trading Account.
4.3 All funds deposited with HubbleBIT by the Client, together with any Profit or other Benefits the Client may be entitled to according to a specific agreement with HubbleBIT, shall be used as security to any Transaction, including Trading Losses, Commission and any other fee or debt owed by the Client to HubbleBIT, which will be automatically deducted from the Client’s equity in the Trading Account. The Client’s Funds shall not accumulate any interest or any other benefits. Trading that relate to a reference security shall not grant the Client any right to dividends, voting, allocations or any other Benefits, but may be subject to adjustments according to financial or corporate events which may have an effect the reference security, such as distribution of dividends, splits etc.
4.4 Repayment of any funds via bank wire transfer by HubbleBIT to the Client will be in the same currency and to the same account/credit card from which the funds were originally transferred.
4.5 The Client declares that all funds that they transfer to HubbleBIT do not derive from any criminal or other illegal activity and without any violation of any applicable anti-money laundering laws and regulations.
4.6 The Client will have no claim against HubbleBIT and will not hold HubbleBIT responsible for any delay and/or differences originating from a credit HubbleBIT, bank or other financial institutions rates calculation and/or commission and/or any other debit.
4.7 a) In the case the Client gives instructions to withdraw funds from the Trading Account, HubbleBIT finance department supervises every withdrawal request submitted. Identification documents must be submitted to process any withdrawal. HubbleBIT shall pay the specified amount (less any transfer charges, if applicable, see point (5) below) within seven (7) Days once instructions have been accepted and at the moment of payment, the Client’s margin requirements, proof of identity (to ensure safety of client’s funds) and due diligence criteria have been met. HubbleBIT may cancel the Client’s withdrawal order, if, according to HubbleBIT discretion, the remaining funds (after the withdrawal) shall not be sufficient to secure open Position(s) in the Trading Account.
b) HubbleBIT does not take any responsibility for any delays of withdrawals, due to third party (bank, credit card companie).
c) Minimum withdrawal amount for wire transfers is $500.00.
d) Minimum withdrawal amount for Credit card / Debit Card transfers is $100.
e) Minimum Deposit amount (for Credit / Debit cards) is $250 / Maximum Deposit amount is unlimited.
4.8 HubbleBIT shall debit the Client’s Trading Account for all payment charges. If the Client has the obligation to pay any amount to HubbleBIT which exceeds the amount held in the Client’s Trading Account, the Client shall immediately pay such amount upon HubbleBIT request.
4.9 HubbleBIT shall not provide physical delivery in relation on any Transaction. As above mentioned, profit or loss is credited to or debited to or from the Trading Account (as applicable) once the Transaction is closed.

5.CAPITAL LEVERAGE POLICY
5.1 Capital Leverages provided to Clients are part of the HubbleBIT promotion programs. These leverages are limited time offers and the terms and conditions associated with it are subject to change from time to time.
5.2 In the event the HubbleBIT suspects any act of fraud or breach of the HubbleBIT Terms and Conditions by Client, any Capital Leverage and profits that are based, even partially, based on it, shall be forfeited
5.3 To withdraw funds from an account that has been leveraged, the Client will be required to execute a minimum trading volume of (Deposit + Capital Leverage) x25.
5.4 The Client may withdraw funds from your account before reaching the minimum trading volume; however, by doing so, the Client forfeits the provided Capital Leverage.
5.5 As soon as the above-mentioned terms are met and HubbleBIT accepts the request, the withdrawal will be processed within 7 business days. Depending on the specifications of the user profile, the bank, the location of the recipient and his bank, and other relevant factors for making a money transfer, the periods for actually having the money transferred can differ. HubbleBIT is not responsible for any issues with the transfer which are related to or caused by other parties.

6 FORCE MAJEURE EVENTS
6.1 HubbleBIT may, in our reasonable opinion, determine the exitance of a Force Majeure event. A Force Majeure event shall mean any circumstance or event which is beyond the reasonable control of the affected party, and which materially and adversely affects the performance by such affected party of its obligations hereunder. A Force Majeure event will include, but is not limited to, any event caused by, arising out of or involving:
a) act of God, war, act of terrorism, riot, civil commotion acts caused by economic or political factors,
b) accident, fire, water or wind damage or explosion,
c) failure or malfunction of any computer, system or other equipment caused by any computer virus, malfunction or failure of any communications medium,
d) any interruption of the power supply or other utility service,
e) any strike or other work stoppage, whether partial or total,
f) any adverse effect on the transferability, convertibility, or ability to hold a currency or a currency position on the actual settlement date of a transaction, or
g) the imposition of any taxes, levies or other charges affecting currencies or transactions,
h) any change in the applicable laws, such as settlement is prohibited or legally impossible or impracticable,
i) any other cause similarly beyond the reasonable control of the Affected Party. In the event of a Force Majeure event, the non-Affected Party may terminate the affected Transactions upon written notice to the Affected Party with immediate effect.

7.ADVICE, INFORMATION AND TAX
7.1 HubbleBIT does not advise its Clients in regard to the expected profitability of any Transaction, and any tax or other consequences. The Client represents that they have been solely responsible for making their own independent appraisal and investigations into the risks of any Transaction. The Client represents that they have sufficient knowledge, market sophistication and experience to make its own evaluation of the merits and risks of any Transaction. The Client acknowledges that they have read and understood the Risk Disclosure Document which sets out the nature and risks of Transactions to which this Agreement relates.
7.2 Where HubbleBIT does provide market commentary or other information:
(a) this is incidental to the Client’s relationship with HubbleBIT.
(b) it is provided solely to enable the Client to make their own investment decisions.
7.3 HubbleBIT shall not be responsible for the consequences of the Client acting upon such trading recommendations, market commentary or other information.
7.4 The Client acknowledges that HubbleBIT shall not, in the absence of its fraud, willful default or gross negligence, be liable for any losses, costs, expenses or damages suffered by the Client arising from any inaccuracy or mistake in any information given to the Client.
7.5 HubbleBIT is under no obligation to assess the appropriateness of any Transaction for a Client, to assess whether or not the Client has the necessary knowledge and experience to understand the nature of risks associated with the Transactions. All risks related to the above are under the sole responsibility of the Client.
7.6 Any tax applying on the Client and/or results from the Client’s trading activity, including trading profits and/or trading losses and/or any charges and/or deductions, shall be under the Client’s full and sole responsibility. The Client shall personally report and pay any personal, federal, state and local tax liability they are obligated to, if applied. HubbleBIT serves as a mediator only and does not collect deduct, pay or withhold tax from the Client. HubbleBIT reserves the right, if ordered by an official entity, to deduct tax from the Client and deliver it to the proper tax authority, as ordered by the official entity.

8. MODIFICATION, SUSPENSION AND TERMINATION OF SERVICE
8.1 HubbleBIT may suspend, restrict or terminate your access to HubbleBIT.com services, and/or deactivate or cancel your account if:
a) we reasonably suspect that the account is being used in connection with a prohibited use or business.
b) we are required to do so by a facially valid court order, subpoena or a binding order of a government authority
c) we perceive a heightened risk of legal non-compliance associated with your account activity.
8.2 If HubbleBIT suspends or closes your account, and/or terminates your use of HubbleBIT Services for any reason, we will present you with our action notice, unless this action is prohibited by a court order or other legal process.
8.3 HubbleBIT reserves the right to cancel unconfirmed accounts or accounts that have been inactive for a period of six months or more and discontinue the service.

9. MENDING THIS AGREEMENT
9.1 These terms and conditions may be amended by us at any time. In general, we will amend these terms in response to a change in legislative requirements (such as new disclosure requirements or the imposition of a ban on certain short positions) or any change to the internal policy.
9.2 You will be notified by us of any such amendment. You agree to be bound by the amended terms on the earlier of:
a) ten (10) days after the notice of such amendment was posted notice on the Website; or
b) upon notifying you by email; or
c) on the date you enter into any contract after such amendment. Any other amendments must be agreed to in writing between you and HubbleBIT.
9.3 If you do not consent to the amendment, you can terminate this Agreement and the amendment will not be applied retroactively. Termination in this case does not affect any obligations owed by you, or HubbleBIT’s rights with regard to any open contracts held by you.

10.KYC (KNOW YOUR CUSTOMER) POLICY
10.1 Know your customer policies have gained more importance worldwide lately, especially among financial institutions, in order to prevent identity theft, money laundering, financial fraud and terrorist activity. HubbleBIT holds a zero-tolerance fraud policy, and is taking all measures possible to prevent it. Any fraudulent activity will be documented, and all related accounts to it will be immediately closed. All funds in these accounts will be forfeited.
10.2 HubbleBIT aims to ensure the integrity of any sensitive data it obtains, such as your account information and the transactions you make, using a variety of security measures and fraud controls.
Securing your electronic transactions requires us to be provided with certain data from you, including your preferred deposit method.
10.3 When requesting a withdrawal from your account, we may need you to provide us with appropriate proof of identity, which may include the following (and possibly other) documents:
You must be sure that you are able to confirm your identity by the provision of documents as required. If you are unable to do so, this may prevent the activation of an account with HubbleBIT. The requirements are:
a) a color copy of your valid government issued ID (e.g. passport, driver’s license, ID card).
b) A color Copy of Credit/Debit Cards used (front + back) – On the front of the card please leave the first 6 and the last 4 digits visible (first 1.5 groups and the last group of 4 digits), and cover the middle 6 digits. On the back of the card please cover CVV (the last 3 digits). Additionally, make sure that your card is signed on the back.
c) a copy of a recent utility bill or bank statement with your name and address (no more than 3 months old).
All four corners of the documents must be clearly visible with no alterations to the documents. If the name does not appear on the card, we need to see official evidence that the card belongs to the client.
If the card belongs to another person, the Cardholder must provide their ID and a utility bill before verification can be completed, and the Cardholder is responsible for signing the Card Authorization Forms confirming a deposit has been made with the card used.
*** Please note that if one or all of your documents are rejected by HubbleBIT Compliance, we will then require you to submit the documents again.
If you have any questions please don’t hesitate to contact our customer support: [email protected]
10.4 Some circumstances may require us to request these documents before allowing any other activities in your account, such as deposits or trades.
10.5 If we will not receive the required documents on file, your pending withdrawals will be cancelled and credited back to your trading account. We will notify you on such event via our system.
10.6 HubbleBIT holds the security of documentation at highest priority, and treats all documents it receives with utmost respect and confidentiality. All files we obtain are fully protected using the highest level of encryption possible at every step of the review process.