Last revision time: 2022/10/8
1. Zoomex Trading Service Terms and Attachment
a. ZOOMEX Copy Trading (hereinafter referred to as "Copy Trading Service" or "Copy Trading") is an item that allows users (hereinafter referred to as "Follower" or "You") to copy other traders (hereinafter referred to as "Copy Traders" or "Trader" ) referred to as a service for trading activities. If you follow one or more traders, or if you follow one or more traders simultaneously, you may create a portfolio (hereinafter referred to as the "Copy Trading Portfolio"). You cannot be a copier and a trader at the same time.
b. The terms and conditions set out in this attachment shall apply when you use the copy trading service of this platform. Before proceeding to the next chapter, you must declare that you have read, understood and agreed to the terms contained in this attachment.
c. The terms of this attachment apply to you as additional terms to the Terms and Conditions, and the Terms and Conditions apply to all services provided by Copy Trading. Unless otherwise defined, terms used in this attachment have the same meanings as those used in the Terms and Conditions. By using the copy trading service, you agree to the terms of this appendix and the fees charged by the trader or us.
2. Acceptance and Modification of ZOOMEX Copy Trading Terms of Service
a. Please read these Terms of Service carefully. If you become a copy trader or a trader, you are deemed to have read, accepted and agreed to be bound by these copy trading service terms. We may change or modify these terms at any time at our sole discretion. Any changes to these terms e will be updated with the "Last Revised" date at the top of this page. You acknowledge and agree that the form and nature of Copy Trading and any part thereof may change from time to time without notice and that we may add new features or remove existing features and change any part of the Copy Trading Service. It is your responsibility to periodically check these documents for their current versions. Your continued access and use of the service will be deemed acceptance of the Copy Trading Terms of Service.
b. If you do not accept any provision of these terms or any future changes in these documents, please do not use or continue to use the Copy Trading Service. Your continued use of the Copy Trading Service following the posting of any notice of any changes to these terms constitutes your acceptance and agreement to such changes.
3. Copy Trading Service Introduction
a. The copy trading service gives you the opportunity to interact, follow and copy other traders' portfolios. It allows users to analyze relevant investment data through copy trading services and technology. You will be able to make investment decisions in cryptoassets based on information provided by "traders" (who may be anonymous or unidentifiable), such as details of the investment they make on the platform. Notwithstanding the foregoing, the copy trading service is not intended to provide personalized investment advice, trading advice, tax-related advice or any other type of financial-related advice. Any information relating to copy trading or the performance of copy trading should not be considered investment advice and should not be considered investment advice. All information available on the Platform is provided by us for informational purposes only and such information should be used as a starting point for your own independent research and investment decisions.
b. The platform has the right to evaluate your knowledge, experience, adaptability, and evaluate whether copy trading is suitable for your investment. This assessment will be determined by the information and documentation you provide, which you can update at any time. The platform will not be liable for any loss you suffer as a result of providing false or deceptive information as part of an assessment.
c. Copy trading only provides copy trading order service. Under the authorization of the user, the trader's order is sent to the market synchronously, and the investment is conducted with the counterparty market. Due to changes in market conditions, changes in market depth and delayed execution of system orders, there is no guarantee that copy trading orders will have the same opening/closing price, opening/closing time and profit/loss ratio.
d. The platform will monitor the performance of any user and we reserve the right in our sole discretion to: (i) open and close user accounts; (ii) include or exclude copy traders, followers, and/or portfolios; (iii) prevent, stop or suspend any copy trader being copied off and/or any portfolio being copied on the platform; (iv) cancel or deny any third party placing on your behalf for security and/or legal reasons (v) terminate the relationship with you.
i. For copy traders:
1. Traders with orders must keep their accounts active. No trading activity indicates: (a) a desire to resign from the position of the trader; (b) a lack of guidance for copy traders who rely on the trader's orders. In this case, the copy trading platform will limit the authority of the trader with the order.
2. Traders agree to abide by the rules related to copy trading, such as: (a) No copying; (b) Healthy competition with other traders; (c) Limits on the number of followers; ( d) restrictions on portfolio creation; (e) restrictions on the trading volume of their followers and the minimum copy trading amount required for each portfolio; (f) restrictions on trading pairs or limited access to leverage or both.
3. Traders also agree that the copy platform has the right to adjust some functions, including but not limited to: (a) the public trading information of the trader; (b) the profit sharing percentage of the trader; (c) the settlement cycle of the profit sharing of the single trader; (d) the ranking rule of the single trader adjustments and the trading fee of the trader; (e) hides the part related to the copy trade order on the position page of the copied trader and /or all key information.
4. Traders are prohibited from (a) using multiple accounts to obtain profit sharing through trading activities; (b) copying orders or trading strategies of other copy traders; (c) conducting high-frequency trading (20 or more than 20 times in less than 1 minute); (d) conducting malicious operations, including but not limited to maliciously placing orders to increase the number of followers or funds.
ii. For followers
1. Followers should share 10% of their portfolio profits with their traders.
2. Followers agree to abide by the rules of the copy trading platform, such as: (a)cannot be a copy trader while following the trading; (b) The positive relationship with the traders is maintained; (c) The number of traders followed (d) Portfolio Creation Limits; (e) Minimum and Maximum copy trading limits per portfolio; (f) Maximum Copy Portfolio Limits; (g) Trading Exchange Price volatility due to liquidity.
3. Followers also agree that the copy trading platform has the right to adjust some functions, including but not limited to: (a) Copy trading public information; (b) Copy Trader profit-sharing settlement cycle; (c) On Copy Trader's position page hiding some and/or all key information related to copy trade orders.
4. Followers acknowledge and agree that following the trader or other investors placing an order on the copy trading platform may lead to the risk of loss, and the entire account may suffer losses, which shall be borne by the copying traders.
5. If you fail to comply with the Terms of Service, depending on the severity of the situation, the following restrictions may apply: (a) Warning; (b) Lower Your Maximum Trading Leverage and/or Maximum Trading Volume; (c) Unable to use the copy trading service; (d) Non-payment of profit sharing from non-compliant investment; (e) Permanent account suspension.
4. Representations and Warranties
a. When using the copy trading service, you represent and warrant that:
i. You have the ability to sign the Terms of Service; you have all necessary consents and authorizations to sign the terms of the service and use the copy trading service;
ii. You acknowledge and agree that you may conduct KYC;
iii. You acknowledge and agree to provide true, reliable, accurate, complete and non-misleading personal information and documents;
iv. You understand that you need to keep your account information (such as username, password, personal data, etc.) confidential, and you will be solely responsible for sharing such information;
v. You act in your own interest and not as an agent, attorney, trustee or representative of any other person;
vi. You will not use third-party information (eg name, ID number, phone number, email address). If the information you provide is inaccurate, illegal or invalid, the company will prohibit you from using the copy trading service;
vii. You understand and agree to notify the platform party of any errors that occur within seventy-two (72) hours after the investment is executed.
viii. You have not and will not upload or transmit any malicious code to the Copy Trading Platform, or otherwise use any electronic device, software, algorithm and/or trading method or strategy to manipulate the Copy Trading Platform or any Aspect Services;
ix. You agree to only publish information that complies with relevant laws and regulations on the copy trading platform. You shall not maliciously post or disseminate bad information that violates laws and regulations and may be immoral, including but not limited to text, pictures, audio, video, etc., originating from or in any way related to drug trafficking, kidnapping, terrorist activities or any other illegal or possible in relation to criminal activity deemed unlawful by any relevant authority and/or jurisdiction;
b. If you breach any warranties or representations under this Agreement: (i) the Platform may close any orders or investment you make, and/or close or freeze your account; (ii) you will be solely responsible for the resulting losses and damages.
5. Risk Disclosure
a. Please note that this risk disclosure is a supplement to any risk disclosure related to products traded on this platform. Before deciding to follow a trader or traders, investment strategy and/or investment portfolio, you need to consider your own financial situation, including your financial burden. You should understand that copy trading is a highly speculative investment, and you may suffer significant losses that exceed the principal invested by the copying trader. You should pay special attention to the following risks associated with copy trading:
i. Copying involves automatic execution of investment, that is, the investment in your account will automatically open and close positions without manual intervention or further instructions from you;
ii. If you manually revise or close the order placed by the copy trading function, the results obtained may be significantly different from those obtained by the traders you follow;
iii. If the copy trading amount is lower than the minimum investment requirements (according to the platform regulations), the position cannot be opened.
iv. If you choose a trader and follow all its unsettled trades, we will open a position for you at the best price when the trade is copied, instead of using the original opening price of the trade;
v. If the trader, strategy, and/or investment portfolio you follow realizes or withdraws assets, it will also cause a huge difference between your income and the income of the trader. This is due to a number of different factors, including your initial account balance, the impact of differences in investment ratios, minimum investment size, your account settings, and differences in spreads, interest, and investment prices when you invest, including possible trading fees difference.
vi. It is risky to follow the trading decisions of inexperienced and/or non-professional investors. We have not made any representations about the professional level, skill and prudence of the traders you follow;
vii. The ultimate goals or intentions or financial situation of the traders you follow may differ from yours; and/or (viii) the traders or portfolios you follow may trade or contain products that are not available to you (due to applicable laws, etc.), and the inability to execute an equivalent substitute investment will result in differences in the relative returns, portfolio components, risk levels and other factors of your portfolio and those of the investors you follow or the copy trading portfolio.
6. Limitation of Liability
a. We will provide copy trading services "as is". To the fullest extent permitted by applicable law, we make no warranties and representations about the quality of the Platform and Services. Your use of our services is at your own risk. If the foregoing disclaimers and disclaimers of liability are deemed invalid or void, then in any event and under all legal theories (tort, contract, strict liability or otherwise), in any event due to any damages, whether direct, indirect, special, incidental or consequential damages of any nature whatsoever arising out of your use, including loss of investment, loss of information, business interruption or loss of profits, deposits arising out of or in connection with the Site, Platform, Third Party Content or Accounts We or any indemnified party shall not be liable to you or any other person for loss, loss of data or damages under any contract, negligence, strict liability or other theory, or based on any claim or demand of any third party, even if we knew or had reason to know of such damages, claims or demands.
b. In addition, to the fullest extent permitted by applicable law, we will not take any action against (i) any action taken to execute your copy trading-related order or (ii) any decision or decision made by the trader or strategy you choose to follow responsible for any action taken.
c. We have the right to assess whether the copy is suitable for your investment and under what conditions (hereinafter referred to as "suitability assessment"). If we conduct a suitability assessment, the assessment is based on the information and documents you provide upon our request (which you may update at any time).
d. We may establish an investment file based on your suitability assessment, and your copy trading will be restricted by the suitability assessment. If we believe that copying is an investment tool that is not suitable for you, you will not be allowed to use the copying function of the platform. We are not responsible for any loss to you caused by inaccurate investment profiles created by you by providing incorrect or misleading information in relation to the suitability assessment.
e. While the above provisions will be implemented to the fullest extent permitted by applicable law, copy trading should not be equated with any form of investment, portfolio or asset management.
f. To the fullest extent permitted by applicable law, none of our copy trading services or features is equivalent to any personal investment recommendation, investment advice, tax-related advice or any other form of financial advice.
g. Any explanations or information we provide to you (as part of the Services), or in relation to copy trading performance, are not intended to be and should not be considered investment advice of any kind. Any information we provide through the Platform is used for informed purposes only.
h. You can use the information collected by the official website or social trading function as the beginning of your independent research and investment decisions. However, you should not make investment decisions based on information provided by the platform or the community.
i. We will take reasonable steps to monitor the performance of any follower traders under the copy function, as well as the performance of the copy service function.
j. We reserve the right to suspend, stop or block as follows: (a) any trader being followed under the copy trading function, and (b) any investment being followed under the copy trading function Portfolio or trading strategy. In this case, any open trades due to the Copy Trader or Copy Portfolio feature will be closed.
k. We reserve the right to terminate the copy trading or copy trading portfolio at our discretion, including if you no longer meet the standards for access to the service or if the provision of our service is not feasible under any applicable regulations or regulations, and will notify you in writing you.
l. We may also terminate the copy trading or copy trading portfolio services if we suspect or have reason to believe that (i) prohibited trading activities, including manipulation or abusive trading practices, exist; provide false information and constitute fraud; or (iii) your other malicious conduct.
m. When the copy trading or copy trading portfolio services are terminated, open trades under these functions will be closed.
7. Disclaimer
1. We make no representations or warranties as to the performance of any investor, investment practice, account, portfolio or strategy. For the trader or investment portfolio you choose to follow, we do not make any guarantee that its past returns can be reproduced, nor do we guarantee that the gains (or losses you suffer) will be the same as those of the trader or portfolio you follow. Portfolio gains (or losses) are exactly the same.
2. Past performance, risk scores, statistics and any other information about the platform’s copy traders and/or traders under the copy trading, or information on different portfolios and trading strategies under the copy trading, are not should be considered a reliable indicator of future performance.
3. We make no representations or warranties as to whether you will obtain similar gains or losses as those shown by the copied traders or portfolios.