Risk Disclosure Stament

Forex.Academy (hereafter, “FA”) is an online educational platform for traders and investors of financial and non-financial instruments such as forex, commodities and indices, as well as and crypto currencies and ICOs respectively.

FA explicitly informs its clients/members (hereafter “members”) that this document is deemed to be considered as part of the contract between the parties, together with T&C, Privacy Policy Statement, Rules of Good Conduct, Reimbursement Policy Statement, and Affiliation T&C (if applied) (add links). FA strongly advises its members to carefully read every one of the above-mentioned contract components and to seek independent legal and economic advice before subscribing to it.

Risk Disclaimer

The person or persons in charge of providing this presentation are not legal employees of FA; thus we make no representation or bear any liability for any individual performance, personal analysis, comment or material delivered. FA implements strict controls to enhance the suitability of persons who provide such webinars. FA explicitly warns viewers that, unless further notice if made, the brand FA shall not be utilised for the provision of copy trading, third-party capital management or any other services that relate to the direct and/or indirect administration of any third-party held trading account.

FA, its owners, managers, employees, associates, providers, agents or any other person who directly or indirectly contributes with the content herein provided, explicitly waves any liability for any damage that may occur, including but not limited to the loss of invested capital suffered by viewers.

Summarised Keypoints

The following summarised keypoints have been prepared for the convenience of members and shall not imply that the remaining parts of the present document are any less relevant.

  • About Forex.Academy

    FA is an online provider of educational facilities to traders of financial markets and crypto currencies. All services, webinars, content, market analysis and software (thereafter “material”) are provided in good faith to help subscribers achieve and improve some of the skills we believe are required to trade successfully.

  • No Representation

    The provided material does not constitute investment advice nor a solicitation to trade. FA makes no representation with regard to the legality of any of the services therein provided under any given jurisdiction; the suitability of the material for specific subscribers; the likelihood that the trading account of recipients shall make a profit. Users are explicitly warned that the past performance of any of the trading strategies and/or methodologies explained, applied, or covered during any of the webinar sessions, or through some of our written articles are by no means indicative of future results.

  • Lecturers

    FA implements strict selection filters in the selection of market analysts, educators, commentators and/or any other person and/or company that contributes to the elaboration of material provided on the website. Users should acknowledge that such persons are not employees of FA; thus we make no representation nor bear any liability for any individual performance, analysis, comment or material delivered. Moreover, members of FA are kindly welcome to submit any feedback to us with regard to such persons, as well as to the services or material provided by them. FA shall implement strict controls to enhance the suitability of persons who directly or indirectly generate material for our members and/or subscribers.

  • White Level Providers

    In its pursuance of excellence, FA kindly informs members and/or subscribers that some of the services therein provided may be delivered by third parties under the modality of a white label. Consequently, users may find some degree of resemblance between some of the service provided by FA and services offered on another website. FA reserves the right whether to divulge or not the existence and/or the content of white label agreements subscribed with third parties. Despite the strictness of our selection process, content generated by such providers may not be suitable for members/subscribers of FA. In any case, FA bears no responsibility for any of the material provided by white label providers.

  • Capital Management

    FA explicitly warns users and/or subscribers that, unless further notice is provided, the brand FA shall not be utilised for the provision of copy trading, third-party capital management or any other services that relate to the direct and/or indirect administration of any third-party held trading account. We kindly request our members and/or subscribers to give us prompt notice when any of the above services are advertised by any of our employees, agents, associates, and/or providers on the website or through our webinar and forum facilities.

  • Risk Management

    FA explicitly reminds users that investing in financial instruments and cryptocurrencies implies substantial risks. Implementing leverage when trading such assets increases implied risks and has the potential of losing all the invested capital. Users should acknowledge that investing money that they cannot afford to lose is by all means not a sound decision. FA does not take into consideration any personal circumstances nor individual orientations towards risk of any given member and/or subscriber. Moreover, any material that relates to risk management is provided by FA in good faith and as a courtesy. FA shall never be regarded as a Commodity Trading Advisor or any sort of financial expert. Hence, we explicitly remind users that FA is educational oriented and that trading may not be suitable for all investors.

  • Liability Waiver

    FA, its owners, managers, employees, associates, providers, agents or any other person who directly or indirectly contributes with the services and/or material therein provided for whatever damages that may occur, explicitly waive any liability for any resulting damage that may occur. We strongly recommend our members seek professional financial advice or of any kind for determining the suitability of services and material provided under the brand FA.

  • Loss Affordability

    Due to the high risks implied in trading, FA strongly advises its clients to only trade with the money they are willing to lose. One of the most relevant factors of successful trading is experience, and FA, like any other educational tool, cannot provide it; so losing all invested capital is a plausible outcome.

  • No Advisory Status

    FA does not operate as a financial institution of any kind. Thus, FA does not provide financial or investment advice; and the content displayed on the website, as well as the material included in the provided services shall not be construed as personal advice. The only advice we provide our clients is to seek independent and qualified legal, economic and financial advice in order to determine the suitability of the educational facilities FA offers and delivers to its clients.

  • Bona Fide

    This Risk Disclosure is provided to you in pursuance of the bona fide principles and transparent business practices, and it shall not deemed to be, in any extent, in compliance with any given statutes, laws or provisions of uttered by any authorities of any jurisdiction.

  • Unforeseen Risk And Liability Waiver

    This Risk Disclosure may not include or anticipate all risks implied by trading. Clients acknowledge and agree to waive any responsibility or liability to FA for any damage that may result from such omission.

Website, Services & Content

  • Website

    The client acknowledges that the term “Website” refers to the URLs www.forex.academy and any other domain whereby relevant information is displayed to the user under the consent of the company’s Representatives, including but not limited to information related to the Provider, the Products, trading performance, investors’ reviews, technical descriptions, third party’s assessments or any other type of information that pursues marketing purposes.

  • Affiliate`S Sites

    FA may be commercially promoted by third parties such as “Introducing Brokers” (IB), affiliates or any other type of business who/that is obliged to special terms and conditions (read our Affiliate T&C). Such third parties are solely responsible for the accuracy of any information displayed on their websites, especially when it does not correspond to the transparency, accuracy and legality principles pursued by FA.

  • Content In Social Networks

    FA is not responsible nor liable for any information displayed on social networks held by any third party, including but not limited to Facebook pages and groups, Twitter, Instagram, Youtube, etc. FA shall also not be deemed responsible for information published by members of social networks held and administered by FA. Similarly, FA shall not be deemed to be responsible or liable for information published by any of its members on any of our chat rooms.

  • Services

    All services offered by FA are designed to provide its members with those analytical and methodological tools we believe are essential to successfully trade financial markets, including how to approach economic and non-economic events that have or may have an impact on price action; as well as to invest in non-financial assets such as crypto currencies and ICOs. However, clients should acknowledge that other such tools may be more suitable for some members due to their own particularities. Thus, FA does not nor shall claim to be the sole proprietor of educational and analytical facilities that work. The client is the ultimate one who should decide upon the suitability of the services offered and delivered by FA, and by NO MEANS shall he/she exclusively rely on such services to place trading positions on their own trading account.

Additional Complementary-to-Educational Services

FA reserves the right to expand its offer or services to others that may not be strictly considered as educational but complementary to it, such as licenses to technological facilities (e.g., EA, technical indicators, statistical software, etc.), copy-trading and third-party capital management which may be provided by a third party, as soon as all regulatory constraints are solved. Clients shall be sufficiently notified when such new services are introduced, including the extended version of the contract.

  • Services Provided By Third Parties

    FA shall not be deemed to be responsible or liable for services offered and delivered by any third-party business, including but not limited to brokerage, informational or analytical services, even if such services happen to be recommended, embraced or quoted by FA, its owners, representatives, and providers.

  • Statistical Content

    FA reserves the right to publish statistical information on the website, and/or to distribute it among its members. Such information may be related to the backtested performance of trading strategies or methods, the actual performance of the academic trading signals, or supportive of educational or analytical studies. However, such statistical information shall not be interpreted by members as a warranty of future performance. Members are also expected to undertake their own statistical analysis in order to contrast the robustness of the information provided by FA. FA shall bear no responsibility or liability for any damage that may result from the member´s reliance and/or misrepresentation on or with regard to such statistical information.

  • Demo Accounts

    FA reserves the right to use demo trading accounts during the webinar-based services, including but not limited to live trading and market update sessions. FA shall bear no responsibility or liability for any damage that may result from the member´s reliance or misinterpretation regarding the type of trading account that is used.

  • Advisory On Non-Financial Assets

    FA reserves the right to provide its members with economic advice related to the portfolio structuring regarding assets that are generally deemed to be non-financial in nature, such as cryptocurrencies and ICOs. Such advice may include quotes related to the type of asset classes, the actual amount of assets purchases, the expected time-frame validity for portfolio maturity, and/or the anticipated return on such investments. However, such advice shall not take into account member´s particularities such as risk orientation, available budget, financial restraints of any kind, personal expectations or needs. The member acknowledges the substantial risks implied in such crypto investments and agrees to leave FA blameless for any loss or detriment that he/she may suffer. Such implied risks may also include political and regulatory risks, on which FA has not and shall not have any control over whatsoever. FA strongly recommends its members to seek independent and professional legal and financial advice before subscribing to FA.

  • Academic Written Signals

    FA explicitly warns members that all information related to the possible prediction of price action, regardless of the implemented format in which they may be presented (e.g., through FA´s exclusive Academy Signal Table; or as articles constitutive of services such as the Near-Term Positioning and the Long-Term Picks) only constitute an indication of a trading scenario supported by statistical and analytical assessment of previous events and that as such must be used with extreme caution. Such information is provided as means to enrich the training process of members; it shall be deemed to be a personal and non-binding opinion. Moreover, the above-described information does not imply any professional service such as financial advice, execution on behalf of third-party of money orders and/or positions, capital management, hedging consolidation, portfolio distribution, etc.

    Members acknowledge and agree to leave FA blameless for any damage or detriment that may result from placing any trade based on such information, or for any misrepresentation of its accuracy and/or suitability. By consenting to this document, members agree on waiving all legal and/or judicial actions against FA, its owners, representatives, employees, providers and/or associates before any civil, criminal, publicly and/or privately held authority for whatever damages that may arise from the reliance on the accuracy of personal opinions transmitted as “academic written signals”. A special warning is given to members that previous performance is not indicative of future results. Members should seek an independent financial consultation before following the opinions shared by the Provider.

    Members agree to be the only one responsible in the event that the herein described and explained risks materialise; thus members waive any right to initiate a reimbursement dispute before the utilised Payment Processor for the amounts paid as fees for the provision of products and services directly or indirectly advertised on the website.

  • Case Study And Third-Party Information

    Members of FA are entitled with the right to freely yet respectfully share with other members their own personal trading strategies, methodologies and/or performance, as well as their opinions, commentaries, analysis, statistics, through FA’s administrated social networks, included the Forum Section promoted on the website. Such information, including comments or feedback received by other members, as well as by representatives, agents, analysts and employees of FA shall be deemed to be as non-constitutive of financial advice. Thus members acknowledge and agree on leaving FA, its owners, representatives, agents, providers, etc., blameless for any damage that may result from their reliance on the accuracy and suitability of that information, as well as for any misrepresentation on it whatsoever.

Information on Member´s Experience

FA reserves the right to publish comments, opinions, evaluations and/or assessments voluntarily given by its members that pertain to their level of satisfaction regarding the services and products offered and provided by FA. Such rights extend to not publishing negative reviews by some members, as well as to publish parts of the reviews that be perceived as taken out of context. Members acknowledge and agree on leaving FA, its owners, representatives, agents, providers, etc., blameless for any damage that may result from their reliance on the accuracy and suitability of that information, as well as for any misrepresentation on it whatsoever.

  • Contributor´S Anonymity

    FA embraces the fundamental right of its agents, employees, associates, and collaborators to remain anonymous to the public, for whatever personal reason each of whom may have. For that reason, FA reserves the right to use made-up profiles (i.e., “avatars”), even without informing its members of their existence. Members acknowledge and agree on leaving FA, its owners, representatives, agents, providers, etc., blameless for any damage that may result from their reliance on the true identity of persons introduced to the public under a different name or features

  • Expected Yields

    FA, its owners, associates, agents, employees, providers and/or collaborators shall not provide any services directly related to the rise and management of capital from the public. Any information provided that relates to any trading method or strategy, market analysis, and update, and/or risk management, including but not limited to statistical studies, newsletters, courses, academic signals shall not be deemed to be a warranty of future performance on the member’s personal trading activity.

    It is FA’s number one principle that trading is a complex, risky and uncertain activity, and that only through serious learning and experience it is possible to achieve success. Despite FA’s effort to highlight such principles, it is possible that some members are led to error by some of the information displayed on the website and/or by comments made by some of FA’s market analysts. Such comments shall be deemed to be only personal opinions of them. Members acknowledge and agree on leaving FA, its owners, representatives, agents, providers, etc., blameless for any damage that may result from their reliance on personal opinions and/or for the misrepresentation of information thereto published that related to the possible future performance on their own trading.

Individual Performance and Risk Management

  • Factors Conditioning Individual Performance

    Successful trading experience is only achievable by educated, emotionally self-restrained and well-trained traders. Members hereby acknowledge and agree that they are the only ones responsible when manually trading upon reliance on the educational and/or analytical information or material provided by FA; and that their actual performance may also be subject to several factors on which FA has no control such as market conditions, the number of hours employed for trading, the quantity of tradable pairs made accessible by the respective broker, internet and other technical functioning, price execution, etc.

  • Risk Managenement

    The Information provided by FA to its members that relate to risk management and/or all its theoretical and practical applications shall only be deemed to be shared as a courtesy and complementary to the educational services offered by it. Members acknowledge that risk management is, in essence, a personal choice by each trader that requires self-evaluation of educational backgrounds, financial stability, investing availability, profit expectations, emotional restraint and risk bias; and that, as such, FA cannot make any representation with regard to the particularities of any given individual member.

    Members are solely responsible for managing their own risk. Any information provided by FA or any of its employees, agents, associates or providers shall be deemed to be personal opinions and never constitutive of financial advisory, solicitation to trade or representation of any possible trading outcome. FA strongly recommends independent and professional legal and economic advice when trading financial markets, and especially when managing their own risk.

    By agreeing to this Risk Disclosure, members agree on leaving FA, its owners, representatives, agents, employees, associates, and providers blameless for any damage that may result from the reliance on personal opinions shared by it that pertain to risk management.

Services Provided by Third-Parties

  • Types Of Providers

    Trading financial markets, as well as trading and/or investing in non-financial assets, require the provision of services provided by third parties to whom FA does not have and shall not have access, influence or control. Such services may include the availability of a trading platform, a broker account, indirect access to price liquidity, exchange platforms, internet, electricity, etc.

    FA reserves the right to recommend providers of such services as a courtesy to its clients who, by subscribing to FA agree on leaving FA blameless for any damage that may result from any malfunctioning, interruption, cancellation, or any unforeseen barrier to the optimal providing of such services, regardless of the type of commercial underlying agreement between FA and third-party providers.

    JAFX.COM

    FA recommends its members, in good faith, to the broker JAFX.COM. After having performed an exhaustive analysis across the brokerage industry and applied strict quality criteria, FA has found that the above JAFX.COM provides a great quality trading experience to its clients, optimal price quoting and trade execution at a reasonable and fair price. FA understands that trading with a good broker that is not a market maker constitutes a “sine qua non” condition for successful trading.

    Despite its recommendation, FA and JAFX.COM are by all means and to all extent independent businesses, legally and economically. Neither party has any control on each other’s run of businesses, policies, or services. By providing educational services for free to active JAFX clients who fulfill a certain set of conditions, neither FA nor JAFX.COM shall be deemed to be trading solicitors or any other type of conduct that does not fully abide by legal and regulatory requirements.

    Members of FA acknowledge and agree to FA’s right to keep any kind of commercial agreement with JAFX.COM (if any), or to pursue new agreements that shall compromise the independence of either party. Members of FA also acknowledge and agree on the fact that JAFX.COM has no involvement whatsoever in the services and facilities offered and provided by FA; thus agree on leaving JAFX.COM, its owners, representatives, agents, employees, associates, and/or providers of any kind blameless for any damage that may result from relying upon the accuracy of the information, and/or suitability of the services offered and delivered by FA.

    Similarly, members of FA acknowledge and agree on that FA has no control over services provided by JAFX.COM; members also agree on leaving FA, its owners, representatives, agents, associates, employees, third party providers, etc., blameless for any damage that may result from the materialisation of risks related to the adequate provision of brokerage services by JAFX.COM, including but not limited to price quoting errors, communication interruption, simulated conditions, liquidation of open positions, business exit, hanging orders, price gaps, additional costs involved, etc.

Additional Inherent Risk

Despite having no control over its members trading accounts and the fact that it is the sole responsibility of each member to decide upon the accuracy of the information and suitability of the educational content and material offered and provided based on their own preferences and particularities, FA kindly reminds members of its community that there exist additional risks inherent to trading over which FA has absolutely no control.

  • Technical Malfunction And Outsourcing

    Some of the services provided by FA require the use of technology that FA does not generate or control, but that could affect the quality in their provision, and eventually the loss or detriment of the invested capital, including but not limited to website hosting, software, and plugins. Some of the services that may be affected as the result of technical malfunctioning include those provided through a webinar platform, the Academy Signal Table, access to recorded material and the forum section.

    FA shall apply due diligence in the solution of such inconveniencies, but bear no responsibility or liability for any resulting damage on the member’s trading account or balance.

  • Other Inherent Risk

    Members of FA acknowledge that services offered and provided by FA shall not be deemed as trading soliciting, and that trading financial markets, and/or trading/investing in non-financial assets imply a substantial level of risk; some of which are inherent to trading, including but not limited to abnormal market conditions, poor or absence of internet connectivity, liquidity drainage, price/market gapping, slippage, foul order execution, hanging orders, unpredicted volatility fluctuations, suspension of trading, leverage and gearing, absence of margin, etc.

    FA kindly recommends its members to take due diligence by understanding how each of such risks may impact on their own individual performance, as well as to implement contingencies mechanisms by consulting independent legal and economic professional advice. Members agree to leave FA, its owners, representatives, agents, employees, associates, and third-party providers blameless for any damage that may result from the materialisation of the above-mentioned risks.

    High-risk Investment

    Trading foreign exchange, CFDs, and cryptocurrency pairs on margin carry a high level of risk, and may not be suitable for all investors. Before deciding to register for any of the services offered by FA, members should carefully consider additional aspects such as their personal objectives, financial situation, needs and levels of experience. FA makes no representation whatsoever on particularities related to any given member.

    Abnormal Market Conditions

    Members of FA acknowledge that under abnormal market conditions, orders´ execution may be extended, delayed or rejected by your broker and/or its liquidity provider(s). Such abnormal market conditions may include but are not limited to times of rapid price fluctuations of the price, rises or declines in one trading session to such an extent that, under the rules of the relevant exchange, trading is suspended or restricted, or there is lack of liquidity; all of this may occur at any time of the day.

    Members acknowledge that such risks are by no means controllable and/or preventable by FA; moreover, methods implemented by the broker to mitigate such risks may not fully prevent losses under critical conditions. Thus, members agree on leaving FA, its owners, representatives, agents, employees, associates, and third-party providers blameless for any damage that may result from the materialisation of the above-mentioned risks.

    Internet Trading Risks (Connectivity Risks)

    FA explicitly reminds its members that there exists additional risks associated with utilising an internet-based deal-execution trading system including, but not limited to, failure of hardware, software, and internet connection. Since FA does not control signal power, its reception or routing via the internet, the configuration of member´s equipment or reliability of its connection, it cannot be responsible for communication failures, distortions or delays when trading via the internet. FA kindly recommends its members to employ backup systems and contingency plans to minimise the possibility of system failure, including subscribing to powerful and stable hosting systems.

    Member agrees on leaving FA, its owners, representatives, agents, employees, associates, and third-party providers blameless for any damage that may result from the materialisation of the above-mentioned risks.

    Order Execution

    FA recommends its members to select true ECN brokers that hold the ultimate price quoting technology, and that embrace the highest standards of quality and transparency in order execution, such as JAFX.COM. However, there are times when, due to an increase in volatility or volume, orders may be subjected to slippage; this may even occur to the most liquid and transparent of brokers. Slippage usually occurs most during significant news events or periods of limited liquidity. Instances such as trade rollover (5 pm EST) is a known period in which the amount of liquidity tends to be limited since many liquidity providers settle transactions for that day. During periods such as these, order type, quantity demanded, and specific order instructions can have an impact on the overall execution you receive.

    Examples of specific order instructions include “Good ‘Til Cancelled (“GTC”) Orders” (orders will be filled at the next available price(s) at the time it is received), “Immediate or Cancel (“IOC”) Orders” (all or part of the order will be filled at the next available price with the remaining amount cancelled should liquidity not exist to fill the order immediately), and “Fill or Kill (“FOK”) Orders” (the order must be filled in its entirety or not at all).

    Price volatility may create conditions where orders are difficult to execute. For instance, the price received in the execution of orders might be many pips away from the selected or quoted price due to market action. In this circumstance, the trader is looking to execute at a specific price, but in a split second, for example, the market may have shifted significantly away from that price point. The trader’s order would, then, be filled at the next available price for that specific order. Additionally, when triggered, stop orders become a market order available for execution at the next available market price. Stop orders guarantee execution but do not guarantee a particular price.

    The above information is shared as a courtesy only. FA kindly recommends its members to seek independent legal and economic professional advice for better understanding in all inherent-to-trading risks, the conditions under which their occurrence is more likely, and ways to mitigate their impact. FA does not provide such advice nor shall be held responsible or liable for any damage that may result from the materialisation of such risks.

    Liquidity and Delayed Execution

    FA kindly reminds its members that there exists additional risks when trading online that relate liquidity drainage and order execution delay. During the first few hours after the open of every trading session, underlying markets tend to be thinner than usual until the opening of the next session. These thinner markets may result in wider spreads since there are fewer buyers and sellers. Liquidity may also be impacted around trade rollover (5PM EST) as many of the multiple liquidity providers momentarily go offline to settle the day’s transactions which may also result in wider spreads around that time, due to a lack of liquidity. In illiquid markets, traders may find it difficult to enter or exit positions at their requested price, experience delays in execution, and receive a price at execution that is a significant number of pips away from your requested rate.

    Delays in order execution may occur for various reasons, such as technical issues with the trader’s internet connection; a delay in order confirmation from a liquidity provider; or by a lack of available liquidity for the currency pair that the trader is attempting to trade. Additionally, a disturbance in the connection path can sometimes interrupt the signal and disable the broker’s trading platform.

    Members acknowledge that FA has no possible control over liquidity conditions and that the above information is only shared as a courtesy. FA kindly recommends its members to seek independent legal and economic professional advice for better understanding in all inherent-to-trading risks, the conditions under which their occurrence is more likely, and ways to mitigate their impact. FA does not provide such advice nor shall be held responsible or liable for any damage that may result from the materialisation of such risks.

    Hanging Orders

    Members of FA should also be aware of another source of risk typically known as “hanging orders”; a situation where an order is in the process of executing but the execution has not yet been confirmed by the corresponding liquidity provider. Such an anomaly may occur during periods of high volume; in fact, depending on the type of order placed, outcomes may vary. In some cases, the order will not be executed if it cannot be filled within the specified range, or if the delay has passed; it could also be the case that the order is filled at the next available price in the market causing slippage. In either situation, performance could be seriously jeopardised resulting in heavy losses.

    Members acknowledge that FA has no possible control over liquidity conditions and that the above information is only shared as a courtesy. FA kindly recommends its members to seek independent legal and economic professional advice for better understanding of all inherent-to-trading risks, the conditions under which their occurrence is more likely, and ways to mitigate their impact. FA does not provide such advice nor shall be held responsible or liable for any damage that may result from the materialisation of such risks.

    Gapping

    FA kindly reminds its members of the existence of an atypical market condition known as “price gapping”, a scenario that refers to situations where the closing rate of any given traded instrument does not match the opening price at the subsequent periods. Although the term “gaps” is typically used to describe the difference between the closing price on Friday and the opening price on Sunday, from a technical viewpoint, gaps exist when considering price as ticks movements.

    Members acknowledge the risks inherent to such anomalies, and that they may result in heavy economic losses, especially when implementing loss risk management practices. Members also acknowledge that FA has no possible control over such infrequent conditions and that the above information is only shared as a courtesy. FA kindly recommends its members to seek independent legal and economic professional advice for better understanding in all inherent-to-trading risks, the conditions under which their occurrence is more likely, and ways to mitigate their impact. FA does not provide such advice nor shall be held responsible or liable for any damage that may result from the materialisation of such risks.

Suscriptions

  • Change In Conditions

    FA is a publically available upon-subscription educational services provider. Conditions for new subscribers may be changed at the sole discretion of FA and without previous notice. Such a change in conditions may also affect existing members. Thus they shall only apply upon the expiry of a thirty (30) days period after the publication of the respective information on the website.

  • Promotions

    FA reserves the right to implement promotional offers as well as to decide on whether or not such improved conditions only relates to new members. Membership cancellation and the subsequent pursuance of a new one in order to benefit from such improved conditions may be considered as being against FA’s T&C and may lead to the rejection of such new subscription at the sole discretion of FA.

  • Discretional Cancellation

    FA reserves the right to cancel active subscriptions, as well as to refuse new subscriptions for members who incur in defamation practices that impact or may impact the integrity and reputation of FA, without previous notice and/or compensation. The prior is independent of the right to pursue civil or criminal charges against such individuals. Any other behaviour undertaken by an active member that violates any of the dispositions included in the Rules of Good Conduct may result in a similar outcome.

  • Advertisement

    FA reserves the right to publicise third-party providers on its website through the implementation of banners, hyperlinks, pop ups, etc. The member acknowledges that FA makes no representation on the quality and suitability of services or products provided by third parties that hire spaces on the website for running their own marketing campaigns. Thus the member agrees on leaving FA, its owners, representatives, agents, employees, associates, and third-party providers blameless for any damage that may result from their reliance on the accuracy or quality of the information and services provided by such publicised parties.

  • Client Support

    FA offers both its existing and potential members “live chat” and ticket support facilities for the only purpose of enriching their experience as clients and potential clients and not as investors. Members acknowledge that any information provided to them through such communicational facilities shall not be deemed as to be constitutive of financial advice, and that such information may marginally vary from one employee to another.

    FA reserves the right to add or change the client support representatives and agents available, at any time, and without prior notice given; such discretion also extends to the decision of using aliases for agents, and to alter or control their true identity. Users acknowledge that such information is provided as a courtesy and they are required to seek independent legal and/or financial consulting in order to contrast its veracity/accuracy. Member acknowledges that “live chat” support may not be available at all times and that the number of open hours fall within the complete discretion of FA. FA also reserves the right to deny support to clients when certain conditions are warranted. Such conditions are varied it is up to FA to make them publicly available.

    Members agree on leaving FA, its owners, representatives, agents, employees, associates, and third-party providers blameless for any damage that may result from their reliance on the accuracy of the information provided to them by any of the agents and/or employees hired by FA to provide client support.

  • Reimbursement

    In accordance with its transparency policy, FA offers its members a user protective reimbursement plan. Below is a summary of the main conditions that apply when a member seeks to activate the reimbursement of their payment. Members are expected to carefully read FA’s Reimbursement Policy Statement before subscribing to FA.

    • 1. Reimbursement requests must be submitted in written form to the email address Reimbursement@forex.academy.
    • 2. Requests must be submitted no later than ten (10) calendar days after payment of the monthly membership fee in the event that the correspondent applicant has not used any free trial; and three (3) working days otherwise, i.e., for the first paid month when having the free trial, and for every subsequent monthly payment.
    • 3. Requests must be submitted no later than forty-eight hours (48H) after payment of any of the PLUS services offered by FA, only in the event that the respective client has voluntarily refused to access any recording or written academic material that belongs to the respective service and if such services does not imply a monthly recurring payment modality.
    • 4. With regard to PLUS services that imply a monthly recurring payment modality, requests must be submitted no later than seven (7) calendar days after payment of the first monthly membership fee in the event that the corresponding applicant has not used any free trial; and three (3) working days otherwise, i.e., for the first paid month when having the free trial, and for every subsequent monthly payment.
    • 5. Failure to submit the reimbursement request in written form to the correct email address and in a timely fashion shall be deemed to be a voluntary waiver of any right to be reimbursed by the corresponding member.
    • 6. The member/claimant is the only one responsible for the full acknowledgment of the T&C and the Reimbursement Policy Statement that applies to their right to be reimbursed. Professional independent consulting before subscribing to FA is highly recommended
    • 7. Reimbursement requests shall only be processed in the event that the respective member/claimant has not raised a similar request before the utilised Payment Processor.
    • 8. Failure to comply with the FA´s T&C and the Rules of Good Conduct may result in the denial of the reimbursement request by FA.
    • 9. Under no circumstances shall the member/claimant be reimbursed for any amount that exceeds the monetary amount paid by them to FA over the last thirty (30) days before the correct submission of the given request.
    • 10. The member/claimant hereby acknowledges and agrees not to be reimbursed the amount that has been paid to the corresponding introducing broker by FA in the event that he wins the reimbursement disputes raised before the utilised Payment Processor.
    • 11. The member/claimant hereby acknowledges and agrees not to be reimbursed the amount that corresponds to the transaction fees (if) charged to FA by the utilised Payment Processor.

    In any case, reimbursed members/claimants hereby agree on not initiating any defamatory campaign that impacts or could impact on the integrity and reputation of FA, its owners, representatives, agents, associates, employees, or third-party providers. FA reserves the right to raise legal and economic actions against such a member/claimant and to seek legal relief before competent civil and/or criminal authorities within any jurisdiction, including legal fees.

    Members acknowledge and agree on that reimbursement measures included in this document and published on the website is the only warranty that FA is willing to undertake. Members agree to leave FA, its owners, representatives, agents, associates, employees, or third-party providers blameless for any damage that may result from any misunderstanding or misrepresentation in which they may incur regarding the terms and conditions that apply to their right to become reimbursed.

Limited Liability

Members acknowledge and agree on that FA provides educational services in good faith; and that FA shall not be deemed to be obliged to make any representation with regard to accuracy of the information provided to them, or the suitability of any given service delivered to them, which may not be in complete accordance to their personal preferences or particularities.

FA strongly advises its members to seek independent and professional legal and economic advice before subscribing to FA and/or to any of the services offered and provided by it, in order to establish the suitability of such services.

Members of FA also acknowledge and agree on that the services offered and provided by FA shall not be deemed to be a solicitation to trade financial markets or to invest in non-financial assets. Consequently, trading or investing is an action that completely falls within the discretion of each member.

Members agree on leaving FA, its owners, representatives, agents, associates, employees, or third-party providers blameless for any damage that may results from the materialisation of any risk inherent to trading/investing financial markets or non-financial assets, even with regard to those risks not explicitly described or included in any of the documentary components of the contract between the parties; or for any damage that may result from any misunderstanding, misrepresentation or confusion related the information and/or services provided by FA, or their lack of suitability due to members´ personal preferences or particularities.

If despite the above, FA happens to be found liable for any given reason and obliged to compensate any individual member/plaintiff, that member hereby agrees on that the extension of such liability shall not exceed the monetary amounts paid by them to FA as fees for the provision of services.

Miscellanea

  • Documentation Bundle And Interpretation

    The T&C, Privacy Policy Statement, Rules of Good Conduct, Reimbursement Policy Statement, and Affiliation T&C (if applied) shall be deemed to be as parts of the same single contract between members and FA. If any part of the contract agreement is subject to modification or rescission by any court, regulatory or self-regulatory agency, the remaining provisions shall not be affected thereby, and this contract shall be carried out as if such invalid or unenforceable provision was not included.

    In the event of any contradiction between documents part of the contract between Members and FA, the wording contained in the Risk Disclosure (i.e., this document) shall prevail.

  • Language Versions

    Translations of this document into other languages are provided to members as a courtesy in good faith. FA makes no representation regarding the accuracy of any version but the English one. Non-English speaking members are required to seek independent professional translation services before subscribing to any of the Products advertised on the Website.

    Members agree to leave FA, its owners, representatives, agents, associates, employees, or third-party providers blameless for any damage that may result from the inaccuracy, wrongness or incompleteness of the information contained in non-English versions of any documentary components of the contract that binds them with FA.

  • Special Agreements

    Translations of this document into other languages are provided to members as a courtesy in good faith. FA makes no representation regarding the accuracy of any version but the English one. Non-English speaking members are required to seek independent professional translation services before subscribing to any of the Products advertised on the Website.

    Members agree to leave FA, its owners, representatives, agents, associates, employees, or third-party providers blameless for any damage that may result from the inaccuracy, wrongness or incompleteness of the information contained in non-English versions of any documentary components of the contract that binds them with FA.

  • Taxation Liability

    FA does not entitle any legal authority to enforce any taxation legislation among members. The Provider makes no representation regarding tax obligations that apply to any specific member within any given jurisdiction. Members acknowledge that they are responsible for fulfilling tax obligations before the respective authorities.

    Consequently, FA shall not offer members any information related to possible taxation obligations that apply to them. However, in the event that any agent, employee or representative of FA contravenes such non-advisory policy, members acknowledge and agrees on that whatever information is provided as courtesy by and constitutes the personal opinion of the given agent, employee or representative; and that it shall not compromises the liability of FA, its owners, innocent agents, employees, associates and third-party providers. Members are required to seek professional legal consulting when fulfilling their own personal tax obligations.

    Members agree to leave FA, its owners, innocent representatives, agents, associates, employees, or third-party providers blameless for any damage that may results from the reliance on the veracity and/or accuracy of the information provided by infringing agents, employees and/or representatives in violation of the policy described in the paragraphs above.

  • Anti-Money Laundry Legislation

    FA does not entitle any legal authority to enforce anti-money laundry legislation among members. Consequently, FA makes no representation regarding the legality of the source of the capital used by any given member to pay fees in favour of FA for the services provided by it; or invested by members on their own personal trading accounts, for which is not obliged to ask any related questions.

    The above is in compliance with the presumption of good faith that rules transactions between private parties to any contract. FA shall not be required to apply any resources in contrast to the veracity of any information to it given by any specific member.

    FA strictly follows the policy of not providing members with information regarding anti-money laundry legislation of any given jurisdiction. Any information provided by an agent, employee or representative of FA is against such policy and by no means compromises the liability of the FA. Users are required to seek professional legal consulting when determining compliance of their legal duties.

    Members agree to leave FA, its owners, innocent representatives, agents, associates, employees, or third-party providers blameless for any damage that may results from the reliance on the veracity and/or accuracy of the information provided by infringing agents, employees and/or representatives in violation of the policy described in the paragraphs above.

  • Undescribed/Unquoted Risks

    Members acknowledge that the T&C, Privacy Policy Statement, Rules of Good Conduct, Reimbursement Policy Statement, and Affiliation T&C (if applied) may not describe, include or quote all the risks associated with the provision of services and products delivered to them by FA, regardless of the modality of such delivery.

    Members agree to leave FA, its owners, innocent representatives, agents, associates, employees, or third-party providers blameless for any damage that may result from the materialisation of such undescribed, and/or unquoted risks associated with the provision of services and/or products advertised on the Website.

  • Presumption Of Force Majeure

    Any risks related to the provision of services offered and delivered by FA to its members through the website and/or any other application, described or undescribed, which foreseeability and avoidance is not possible by FA, shall be deemed to be constitutive of force majeure in the legal sense and/for all legal purposes.

  • Applicable Jurisdiction

    Members agree on that, in the event that they raise any legal dispute against FA, its owners, representatives, associates, employees, collaborators, or third-party providers, that relates to the interpretation and/or execution of any of the clauses and/or statements included in any of the documentary components of the contract between the parties, they shall not do so before any judge, tribunal, judicial and/or administrative authority within the jurisdiction that belongs to the United States of America, Germany, Spain, United Kingdom or any other Member State of the European Union.

  • Non-Exequatur Clause

    Members agree on not pursuing the execution of any decision uttered by any judicial and/or administrative authority of any given jurisdiction against the FA, its owners, representatives, associates, employees, collaborators, or third-party providers before any judge, tribunal, judicial and/or administrative authority that belongs to the jurisdiction of the United States of America, Germany, Spain, United Kingdom, or any other Member State of the European Union.

FBC

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