Terms and Conditions - Fast Trader

Terms and conditions of
End-User License Agreement

End-Users are strongly advised to carefully read and fully familiarize themselves with the terms and conditions of this End User License Agreement (hereinafter referred to as the “Agreement”) before installing or using the Product.

INTRODUCTORY INFORMATION

Future Now General Trading L.L.C. (hereinafter referred to as the “Company”) is a software development company. Therefore, it is expressly stated that the Company does not provide any financial, trading, investment, brokerage, or data feed services. Further, the Company does not engage in or interfere in trading operations in any way or form, nor does it open or control real trading accounts.

Please bear in mind that none of the information available in regards to the Product is intended to be an investment, trading or any other professional advice.

Before using the Company’s application for trading, End-Users are strongly recommended to consult a qualified and registered securities professional and perform their own due diligence.

It is especially noted that the Product may feature brokerage companies or financial institutions without a regulatory license for operating in certain country so, when choosing a brokerage company, increased caution is strongly advised.

End-Users acknowledge and agree that the Company is not oblige to have up-to-date and complete information regarding the regulatory status of each brokerage company in each country. The Product provides contact details and basic information about each brokerage company, enabling End-Users to independently review and evaluate these brokerage companies before engaging their services. The Company does not guarantee the proper operation, reliability or reputation of any brokerage company or financial organization. Furthermore, the Company does not ensure the accuracy, completeness, or timeliness of third-party content, including advertisements, and it is important to understand that such content does not reflect the Company’s opinions or positions.

Risk Warning

Trading with real money carries a high level of losing money rapidly. Most retail investor accounts lose money when trading financial products. End-Users are advised to obtain their own financial, legal, trading, taxation and other professional advice. It is also strongly recomended to get fully familiar with the way in which various financial products work and whether it is affordable to bear the increased risk of losing money.

Scope of the Agreement

This Agreement is considered to be fully accepted in the form of a web based document and does not require signing by parties.

End-Users can accept this Agreement by clicking on the “Next”, “Continue”, “Accept” or similar options or by using the relevant link and/or using the Product.

This Agreement, as well as any updates hereof, constitutes a legal agreement between the End-Users and the Company and govern the use of the Product on any device where it is installed.

By accepting the terms and conditions of this Agreement, End-Users acknowledge and agree that they enter into a legally binding agreement with the Company.

By accepting this Agreement, End-Users agree and accept that the official language of subject business relationship is the English language. Availability of any information and/or documentation in a language other than the official language shall not bind nor commit the Company in any legal way. Therefore, in the event of a dispute, the English version of such documents shall always prevail.

The relevant text of the current Agreement is available in the Legal section of the Company website at www.fts247.com. It is recommended to print and keep a copy of this Agreement for your own purposes and records.

Electronic Communication

By accepting this Agreement, End-Users agree and accept the use of electronic communication as follows:

Entering contracts, placing orders, and creating records electronically;
Receiving notices, policies, and transaction records initiated or completed via the Product electronically.

Legal Compliance

If the End-Users reside in a jurisdiction where downloading or using the Product is prohibited by law, it is advised not to install nor use the Product.

By agreeing to these terms, End Users confirm that they fully understand and accept the risks, responsibilities and legal obligations outlined in this Agreement.

II. INTERPRETATION AND DEFINITION OF BASIC TERMS

2.1. In this Agreement, except where expressly stated otherwise, the following terms shall have the following meaning:

Agreement – the present Agreement, including any attached Annexes and/or Appendices which constitute an integral part of the Agreement;
The Company – Future Now General Trading L.L.C., a software development company, registered in the United Arab Emirates (UAE).
Product – refers to the Trading Terminal, which is one of the client components comprising the fts247 Trading Platform, including the fts247 Mobile Trading Platform, which enables traders to execute trades in the financial markets through the Financial Institutions with which they have entered into an agreement. The Product is part of the Company’s Software. In addition to its updates, upgrades, revisions, and new versions, the Product includes the following main components:
– Trading Web Terminal – means a component designed for trading in the financial markets through the services of Financial Institutions;
– Network protocols – refer to the secure network protocols of data transmission enabling interaction between the Product and the Company’s Software, online services and any Company’s or its partners’ Websites;
– Program Interface – a set of tools allowing the End-User interaction with the Product, including, but not limited to, the following elements of the Product graphics: button, radio button, check box, icon, list box, tree view, text box, grid view, menu, window, tab, toolbar, scrollbar, slider, status bar and tooltip;
– Documentation – is any citations and/or records and/or articles and/or general text, manuals, guides, system and or components description and any materials published on-line or otherwise provided by the Company, including, but not limited to, CHM files installed together with the Product or downloaded in the course of its use.
Company’s Software – means fts247 Trading Platform, developed by and copyrighted to the Company, together with any updates, upgrades, revisions, modifications, additions, new versions, and related subsystems, parts, services and components thereof, including, but not limited to, the server and client components of the Trading Platform, Server (Manager) API, the relevant secure network protocols of data transmission, databases, user interface of the software, documentation, the Product and components thereof, as well as online services and Company’s Website associated with the Company’s Software.
fts247 Deposit section – a functionality within the Product through which the users can perform financial transactions to deposit/withdraw funds from their trading accounts with a selected brokerage company or financial institution through the provided PSP.
PSP – a third-party Payment Service Provider, that operates under a corresponding agreement with a brokerage company or financial institution.
Effective Date – the date on which this Agreement is entered into by clicking on the “Next”, “Continue”, “Accept” or a similar option or by using the Trading Web Terminal, whichever occurs first.
Financial Institution – a third-party legal entity providing End-Users (traders) with financial, investment, brokerage, trading or information services on local or international currency or stock markets.
IP Rights – Intellectual Property Rights – means patents, designs, trademarks and trade names (whether registered or unregistered), copyright and related rights, database rights, knowhow, trade secrets and confidential information; all other intellectual property rights and similar or equivalent rights anywhere in the world which currently exist or come in existence in the future; applications, pending applications, extensions and renewals in relation to any such rights.
Company’s Online Materials – content available for download on Company’s Website, including any amendments thereto which the Company may make at its sole discretion.
Company’s Website: means any and all elements and contents of the website available under the URL, www.fts247.com.
End-User Account – an account with Login and Password that End-User create for the use of the Company’s Software.
- Login: A unique identification code paired with a Password for the End-User Account access.
- Password: A code selected by an End-User, which, in combination with the Login, provides access to the End-User Account.

End-User/s – means trader/s (physical person or legal entity) as an End User of the the Company’s Software (‘End-User’ and ‘End-Users’ shall be construed accordingly).

III. LICENSE GRANT AND RESTRICTIONS

3.1. License Grant. Subject to the terms and conditions of this Agreement, the Company hereby grants the End-User a limited, non-exclusive, non-sublicensable, non-assignable, revocable, non-transferable, free of charge worldwide license to download, install and use the Product solely with the use of Company’s Software on End-User’s mobile device for organizing a trader’s workstation and trading in the financial markets via Financial Institutions with which End-User enter into separate contractual relations.

3.2. It is especially noted that the license, as specified in the paragraph 3.1. above:

does not guarantee access to future updates or enhancements or guarantee the continuous availability of the Product or the Company’s Software.
may be revoked, modified, or discontinued by the Company without prior notice. This may include loss of compatibility or access to functionalities, servers, or other Company’s related services.
will automatically cease to be effective if it appears that End-User is (i) under 18 years of age, or (ii) reside in a jurisdiction that prohibits the use of the Company’s Software.

3.3. End-Users are prohibited to sell, assign, rent, lease, distribute, export, import, or otherwise grant any rights to the Product, in part or in whole, to any third party.

3.4. End-Users acknowledge and agee:

not to modify, translate, reverse-engineer, decompile, or disassemble the Product, in part or in whole;
not to compromise the integrity of the Product’s security system gaining unauthorized access to databases and Network protocols;
not to alter the Product’s Program Interface;
to comply with the requirements and specifications relating to Product’s design, use and presentation;

These restrictions remain in effect even after the Agreement terminates.

3.5. It is noted that the Product may include third party software or other technology. The use of any such software or technology incorporated into the Product shall fall under the scope of this Agreement. In the case of such event, End-Users will additionaly be subject to the third party terms and licenses (if applicable) and consequently End-Users acknowledge and understand that the third party provider is solely responsible for delivery of its service(s) and their usege.

3.6. The Company is not liable for:

maintenance or support of any such third party software/service;
any claim or damages, regardless of the nature of the claim or the nature of the claimed or alleged damages, arising from or related to the use or distribution of the third party software.

3.7. Any and all third party software or technology that may be distributed together with the Product will be subject to the End-User in order to explicitly accept a license agreement with that third party. It is especially noted that such contract regarding third party software, technology and/or service does not represent a contractual relationship with the Company.

3.8. It is especially nothed that the Company retains exclusive ownership of IP Rights in the Product, the Company’s software, the Company’s Website, the Company’s Online Materials and other related materials. Nothing in this Agreement intends to transfer to the End-User any such IP Rights.

3.9. Unauthorized use of the Company’s IP Rights is a violation of this Agreement and applicable intellectual property laws.

3.10. All title and IP Rights in and to any third party content that is not contained in the Company’s Software, but may be accessed through use of the Company’s Software, is the property of the respective content owners and may be protected by applicable copyright or other intellectual property laws and treaties. This clause shall survive the termination of this Agreement.

3.11. End Users agree and acknowledge not to remove, obscure, make illegible or alter any notices or indications of the IP Rights held by the Company.

3.12. End-Users are obliged not to use the Product in any third-party software application that in the Company’s discretion is actually or potentially fraudulent or inappropriate or contrary to the provisions of this Agreement.

3.13. End-Users agree and acknowledge that the services and products provided or received using the Product must comply with applicable laws and regulations, including those related to privacy and data protection.

3.14. End-Users are solely responsible for:

any services and/or products provided or received via the Product.
ensuring full compliance with this Agreement while using the Product. Any breach of any provision of this Agreement shall give rise to automatic right of termination by the Company and the prohibition to use the Product.

3.15. End-Users acknowledge and accept that the Company does not have direct access to the Product and cannot manage the Product installed on the End-User’s computer or mobile device. Furthermore, End-Users acknowledge and accept that the Company does not have access to user trading history, trading account information and the balance of a trading account opened with any financial institution.

3.16. The Company reserves the right at its sole and absolute discretion to amend unilaterally, change, add or remove portions of the Agreement at any time, for any reason, by publishing the revised Agreement on the Company’s Website. In any such case, no special notification to the End-User of the said amendment is required and it shall take effect immediately by publishing the amended version of the Agreement and/or other related documentation/information on the Company’s Website. End-User’s continued use of the Product shall constitute their acceptance to be bound by the terms and conditions of the revised Agreement. If the End-User disagree with the changes in any applicable legal document, End-User is obliged to immediately cease any and all use of the Product and, where applicable, any and all use of the Company’s Software.

3.17. End-Users acknowledge and agree to indemnify and hold the Company, its affiliates and employees, harmless from any claims, damages or liabilities in connection with or arising from:

breaches or violations of this Agreement;
violations of applicable laws;
violations of any rights of any third party;
improper use of the Product or Company’s Software.

This clause shall survive the termination of this Agreement.

3.18. Any use of the Product outside the scope of this Agreement is prohibited unless expressly authorized in writing by the Company.

IP RIGHTS AND OTHER FEATURES OF THE CONTRACTUAL RELATIONSHIP

4.1. It is expreslly stated that the Company retains all the IP Rights in regards to the Company’s Software (including the Product) and any related works. This clause shall survive the termination of this Agreement.

4.2. The Product may utilize End-User device’s resources, such as CPU and memory, to ensure functionality. While the Company will take all reasonable measures in protection of the End-User’s resources, no guarantees are provided.

4.3. The Company in its sole and apsolute discretion reserves the right to add additional features or functions, or to provide programming fixes, updates and upgrades to the Product and the Company’s Software. Continued use of a new or updated version of the Product or the Company’s Software may require acceptance of updated terms of this Agreement.

4.4. The Company is entitled, at its sole discretion and without prior notice, modify or discontinue or suspend usage of the Product or any version of Company’s Software or terminate the license granted to the End-User under this Agreement, at any time and for any justifiable reason, with immediate effect.

4.5. End-users are obliged to use the the Company’s Software (including the Product) solely for lawful purposes and are prohibited to engage in activities that harm the integrity of Company’s Software (including the Product). This clause shall survive the termination of this Agreement.

PROTECTION OF PRIVACY AND PERSONAL DATA

5.1. While using the Product or the Company’s Software, as well as their individual functions or services, the Company will not collect and/or process any Personal Information about End-Users.

5.2. For the avoidance of any doubt, “Personal information” means any data that can be used to uniquely identify a person, such as name, email address, phone number or credit card information.

5.4. The use of the Product or the Company’s Software in regards to data collecting and/or processing is governed by the terms of the separate Company’s Privacy Policy located within the application. Use of the Product without accepting the terms of the Privacy Policy and the Agreement is not permitted.

5.5. In case of non-acceptance of the Privacy Policy or the current Agreement, End-Users are obliged to refrain from downloading and/or using the Product.

VI. USE OF fts247 Deposit section

6.1. To use the fts247 Deposit section, End-Users are required to enter into a separate agreement with the brokerage company or financial institution and open a corresponding trading account, which will be displayed in the Product.

6.2. The availability of PSPs and payment methods in fts247 Deposit section depends on the brokerage company or financial institution and their agreements with PSPs. The Company has no involvement in, control over or influence on the selection of PSPs available to End-Users holding accounts with specific brokerage companies or financial institutions. The Company is not responsible for operating or providing services of any PSP available in fts247 Deposit section .

6.3. The end user enters all financial transactions and payment details on a special web page of the selected PSP. The Company has no access to the End User’s payment details, including bank card number, PIN or CVV code, logins, and passwords, among others.

6.4. The Company is not involved in the transactions performed by End-Users using the fts247 Deposit section. The Company does not have access to End-Users’ trading accounts, balances, transactions, and payment histories.

6.5. The Company, as the Trading Platform developer, provides the fts247 Deposit section solely as a tool or technology controlled by the PSP and brokerage company.

6.6. The Company provides the fts247 Deposit section “As Is” and does not guarantee its error-free operation. In the event of errors during the use of the fts247 Deposit section, End Users are referred to contact their brokerage company or PSP. The Company does not have access to user transactions.

VII. EFFECTIVE TERM, TERMINATION, UPDATES

7.1. This Agreement shall become effective as of the Effective Date as of the date upon which they are accepted by the End-User or starting to use by the End User of the relevant Company’s product and/or service and shall remain effective until terminated by either party in accordance with the provisions specified herein.

7.2. End-Users may terminate this Agreement at any time by uninstalling the Product. The Company reserves the right to limit, suspend or terminate the Product license and access to the Product, the Company’s Software or website, as well as to delete End-User Account or Login, with immediate effect and without prior legal recourse if:

the End-User breach this Agreement;
the End-User is engaging in fraudulent, immoral or illegal and unlawful activities;
the End-User actions cause potential legal liabilities for the Company;
or for other similar reason.

7.4. Upon termination of this Agreement:

the License and rights to use the Product and Software shall immediately terminate;
the End-User is obliged to immediately cease any use of the Company’s Software; and
End-User is obliged to immediately remove the Product and the Company’s Software from all devices, hard drives, servers and other storage media and destroy any copies of the Company’s Software in their possession or control.

7.5. The Company reserves the right to change this Agreement at any time by publishing the revised Agreement on the Company’s Website at https://fts247.com/

The revised Agreement shall become effective either:

upon the date of such publication, or
upon explicit acceptance by the End-User of the revised Agreement by clicking on the “Continue”, “Accept” or a similar icon or using the relevant link or by using the Product.

VIII. DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY

8.1. The Product and the Company’s Software are provided “as is”, without any warranties of any kind. The Company expressly disclaims all warranties, whether express, implied, or statutory, including but not limited to:

warranties of quality, performance, non-infringement, merchantability, or fitness for a particular purpose;
warranties that the Product or Software will always be available, accessible, uninterrupted, timely, secure, error-free, or accurate in communication;
warranties regarding any connection to or data transmission from the internet facilitated by the Software.

8.2. End-Users acknowledge and agree as follows:

to assume all risks associated with using the Product and the Company’s Software, to the maximum extent permitted by law;
that the Company is a software development company and does not provide any financial, investment, brokerage, trading or data feed services. The Company is not involved in trading operations or commission-based payments and shall not be held liable for any claims arising from use of the Product or Software;
that the Product operates through Financial Institutions, independent of the Company. Any agreements and activities with these institutions are at End-Users sole discretion and responsibility;
that the Product is provided free of charge, and its use or non-use is entirely at their discretion;
that brokerage companies or financial institutions featured in the Product are licensees of the Trading Platform and may pay the corresponding license fees to the Company which are not commission payments and are in no way related to the End-User’s income or expenses incurred while utilizing the Product.

8.3. As the Product is provided free of charge, the Company, its affiliates, and employees shall not be held liable for any possible consequences arising from the use of the Company’s Software. If End-Users are dissatisfied with the Product, their sole right or remedy is to uninstall and discontinue its use.

8.4. Limitation of Liability

The Company, its affiliates, and employees shall not be liable for:

Direct, Indirect, or Consequential Damages, including but not limited to:

– loss or corruption of data, interruptions, computer failures, or monetary losses.

– loss of income, business, or profits (whether direct or indirect).

Losses or Damages Arising From:

– disruptions or delays in communication when using the Product or Software.

– suspension or termination of the Agreement by the End-User or by the Company

for any reason.

– the release or non-release of new versions of the Product or Software.

This clause shall survive the termination of this Agreement.

8.5. The limitations of liability specified in Section 8.4 apply regardless of whether such damages were foreseeable. This clause shall survive the termination of this Agreement.

IX. FINAL PROVISIONS

9.1. This Agreement constitutes the entire understanding between the End-User and the Company concerning the Product and the Company’s Software. It supersedes and replaces all prior agreements or understandings related to these matters unless explicitly documented and signed separately in writing.

9.2. In case any provision of the Agreement becomes, at any time, illegal, void or unenforceable in any respect, in accordance with any applicable law and/or regulation of any jurisdiction, the legality, validity or enforceability of the remaining provisions of the Agreement shall not be affected.

9.3. The failure to exercise, or delay in exercising, a right, power or remedy provided by this Agreement or by applicable law shall not constitute a waiver of that right, power or remedy, nor shall it preclude or restrict any further exercise of that or any other right or remedy.

9.4. This Agreement shall be governed by and construed in accordance with the laws of the United Arab Emirates (UAE).Any dispute, claim, legal action, or proceeding arising under out of or in connection with this Agreement, its subject matter, formation, as well as any other services provided in connection with the Company’s Software shall be subject to the exclusive jurisdiction of the courts of the United Arab Emirates (UAE)9.5. The terms and provisions of this Agreement which are expressed to survive or operate in the event of termination, shall survive termination of this Agreement for whatever reason.

Acknowledgment:

By clicking “Next,” “Accept,” or continuing to install or use the Company’s Software, You confirm that:

You have read and understood this Agreement,
You expressly consent to be bound by its terms and conditions and
You grant the Company the rights outlined herein.