Terms and Conditions

This Agreement is negotiated between:

ALIFU INVEST & TRADE INC (Company Number: RA000693_138194) Registration address Withfield Tower, 3rd Floor, 4792 Coney Drive, Belize City hereinafter the "Company". The website owned and operated by: ALIFU INVEST & TRADE INC

An individual, who has registered a trading account with the Company in any way (hereinafter - the "Client" or "Trader"). The Company offers the Client access to a trading platform for trading Forex in the financial markets through the website on the domain name ebitafx.com and any sub-domains. This agreement (hereinafter - the "Agreement") governs the Trader’s use of the Company’s trading services. In addition to this agreement, the relationship between the Trader and the Company is also regulated by the additional rules, which are set out in the "Bonus policy of the Company” section.

Introductory provisions

The act of being registered on the website of the Company confirms the Trader’s acceptance of their obligation under this Agreement in its entirety. This Agreement together with the rules, which are set out in the section "Bonus policy of the Company", governs the relationship between the Client and the Company and determines the use order of the Company’s trading services.

A Trader, registered on the Company's website, confirms that:

• Information provided by the Trader is truthful.
• He/She is an adult (over the age of 18)
• The personal information will be updated in a timely manner.
• The Trader’s obligations to third parties, as well as the legislation of the Trader’s country of residence will not be violated by the use of the Company's services.

The Company reserves the right to modify the company's website or its contents, the trading platform, the access to which is provided to the Client, and the content of the services in any way. The claims to the Company for any losses incurred by the Trader as a result of such modifications are not accepted.

If the Company detects an attempt to open more than one trading account for one Trader, or an attempt to access to the Trading Platform by using the Trading account of another trader, this will be considered as fraud. In such a case the Company reserves the right to deny access to the trading platform. The Company can freeze the trading account, as well as prohibit the Trader from using the Company’s services in the future. Thus, a Trader can register a unique trading account using their real personal data in order to get access to the Trading platform. All transactions must be performed through this unique trading account.

The legitimacy of the Company's services.

The Company absolves itself of responsibility regarding the legality of the Company's services in the legal space of the country of the Trader’s residence. The Company does not provide legal advice on the permission or prohibition of the use of the Company’s services by the Trader. The Trader understands and accepts that online trading, financial or other assets may be illegal in the legal space of some countries. The trader is obliged to verify the legitimacy and legal framework before the act of registration with the Company.

The Company does not act in contradiction with the legislation operating in the legal space of the Trader’s country of residence. The Company's services are aimed at the Traders who do not have limitations in forex trading. The Company takes away any responsibility for the unauthorized or illegitimate use of the Company’s services by the Trader. The fact of the Trader’s registration on the website of the Company confirms the compliance with legislation of the trader’s country of residence regarding forex trading

Access to the Company's services

A person who has not reached the age of majority in their jurisdiction cannot be a Trader. In case of doubt about the Trader’s age the Company may require documentation, confirming the fact of majority. If such a document is not provided, the Company has the right to freeze the Client's trading account and cancel access to the trading platform.

The representatives of the company have the right to verify the authenticity of the Trader’s personal data. Verification is carried out in the form of a request for the Trader’s relevant documents (passport or driver's license, utility bills and/or bank statements). The Company may require notarization of the requested documents. If the requirement of the Company to provide the necessary documents has not been met, the Company reserves the right to freeze the Client's trading account and cancel access to the trading platform. In the event that the Company's internal security department has a reason to suspect that the documents are forged or distorted, a Trader will lose access to the trading platform and can no longer use the services of the Company. The company is not obliged to inform the Trader about the details of the document verification process.

A Broker, without notification of the Client, has the right to check the trader‘s personal details at any time. This check can include validation of the name, address, age, credit rating and current trading activity. Third parties may be involved to implement such inspections by the Company. In the event of forgery from the Trader, the Company reserves the right to block the Client’s trading account and ban the use of the Company’s services in the future.

All KYC documents need to be sent/collected prior to making the first deposit.

The legality of the Terms and Conditions

If the Trader does not agree with any of the points of the conditions, he must immediately stop using the services of the Company, removing all software from his devices and cancelling the trading account.

These Terms and Conditions can be processed in any manner and updated by the Company if necessary. The company is not obliged to inform a Trader about the change of these Terms and Conditions, as well as any other additional agreements. Any changes take effect within a calendar week after the publication on the Company's website. If the trader does not agree with the changes introduced by the Company, he must immediately stop using the services of the Company and cancel the trading account. The Company is not responsible for the Trader’s late familiarization with these Terms and Conditions as well as with any other Agreements published on the Company's website.

Client Terms of Business

The Client makes a request or an order. This request/ order is set to be checked for the correctness in the Client Terminal. The calculation of floating profit / loss on the position as well as the calculation of the Stop Out level is not made.

The Client Terminal sends a request / order to the server;

• When the server receives a request / order of the Client, it also checks for the correctness. The preliminary calculation of the floating profit / loss on the position and the calculation of the Stop Out level is not made;
• If the Client’s request / order is correct, this request / order is set in the queue. The queue is formed by the time of the request / order receipt. In case of the correct request / order placement in the queue, there is a display of the current request / order processing status “Order is accepted” in the window «Order» of the Client Terminal;
• A request / order placed in the queue ahead of other orders / requests are sent to the Company for processing. Herewith, the window «Order» of the Client Terminal displays the current processing status of the request / order «Order is in process»;
• The Client’s request / order is being processed, the processing result is transmitted to the server;
• The processing result of the Client’s request / order is sent to the Client Terminal by the server;
• The Client Terminal receives the processing result of the client’s request / order from the server, provided the stable connection between the Client Terminal and the server. The time of the result admission to the Client Trading Terminal is fixed in the log of the Client Terminal; the time of the result sending from the server to the Client Terminal is indicated in the server log. These indicators may vary.
• Once the Client’s request / order is in the queue with the status «Order is accepted» in the Client Terminal, the cancellation of the request / order is acceptable by the Client. The cancellation of the request / order is performed by pressing the button «Cancel order» in the Client Terminal.
• In case the Client’s request / order is marked with the status «Order is in process», the Client may not cancel his/ her request / order.
• The installed by the Company time of the maximum processing of a request / order of the Client is three minutes. If the request / order of the Client is not transmitted to the Client Terminal within a set time, the request / order is removed from the queue.
• The Client receives quotes by means of the Client Terminal. These quotes are indicative and represent data from the liquidity provider on the best available Bid and Ask prices in the market.
• All matters relating to the definition of the current market price level are in the private competence of the Company.

The procedure of handling non-commercial or suspicious transactions.

The Company has the right to reject the Request / Order of the Client in the following cases:
• If the Client has committed Request / Order before the first quote available on the trading platform;
• If the number of Requests / Orders on open positions of the Client exceeds the frequency equal to ten orders on every open position;
• If the Client does not have sufficient volume of the free margin on the position opening.
• Depending on the reason specified in paragraph 7.1, in the Client Terminal window there will be: «Off quotes» «Cancelled by dealer», «Not enough money», «Trade is disabled».

Terms of closing deals, the procedure of determining the amount of payment on the transaction.

A trading operation on the purchase is carried out at the Ask price. A trading operation on the sale is performed at the Bid price.

If a long position is opened, it is carried out at the Ask price. In case of a short position opening, it is performed at the Bid price.

In case of closing a long position (sale), it is carried out at the Bid price. Closing a short position is performed at the Ask price.

The process of transferring open positions to the next day begins at 23:59:45, it refers to the server time.

The Company has the right to change the value of swaps and commissions. The information about the swaps change is published in the section "Swap History" in the Client Personal Account.

The Client agrees to pay the Company commission and other costs set out on the Company's website.

The amount of the commission and other costs may be changed by the Company without a preliminary written notice to the Client. The Company undertakes to publish all changes related to the size of the commission and other costs on the Company's website.

Except special circumstances specified in the regulatory documents, the Company is not obligated to provide the Client with the information in respect of income received from the commission or remuneration derived by the Company as a result of the Client’s trading.

The Client pledged to deposit and maintain the initial margin and / or margin for the locked positions in the amount determined by the Company.

The initial margin and / or margin for locked positions is fixed at the moment of the position opening.

The Client is responsible for monitoring the level of the necessary margin on his trading account.

The Company is not responsible for Stop Out on the account, which came as a result of the late receipt of funds on the Customer's account.

The procedure of the position opening

If the Client gives the instruction to open a position, he has to specify the following required parameters:

name of the instrument;

transaction volume.

To open a position through the Client Terminal without using an Expert Advisor, the Client should click the Buy or Sell button at a time when live prices of the Company meet his expectations.

An instruction for carrying out a trading operation on the current quote is generated so as to open a position through the Client Terminal using an Expert Advisor.

To open a position through the Client Terminal without using an Expert Advisor, the Client makes a request. After receiving a quote (Bid / Ask), the Client has an opportunity to open a position by clicking either Buy or Sell button. The Company has the right to withdraw the quote unless the Client sends the instruction within three seconds after receiving a quote as well as if the quote becomes invalid as a result of the market movement.

A request is generated in order to open a position through the Client Terminal using an Expert Advisor. If the quote proposed by the Company differs from the Expert Advisor not more than the magnitude of the maximum deflection, the Expert Adviser sends an instruction to the server to open a position on the quote proposed by the Company.

When a server gets the Client's order to open a position, it automatically checks the status of the trading account for the presence of the free margin to open the position:

the list of open positions is conditionally updated with a new position;

a new level of the necessary margin for the total Client’s position, including the conditionally added new position, is determined by the current market prices at the time of the audit;

floating profit / loss on all open positions, except the conditionally updated new position, is calculated in accordance with the current market prices;

a new volume of the free margin is calculated;

if:

• the free margin is more or equal to zero, the total Client’s position considering the conditionally updated new position does not exceed the specified limit for this type of the account, the position is opened. The position opening is accompanied by a corresponding record in a log-file of the server;
• the free margin is more or equal to zero and the total Client’s position considering the conditionally updated new position exceeds the specified limit for this type of the account, the position is not opened.