Terms and Conditions
Use of this Etor website – http://etorexchange.in (the “Website”) and the service offered on the Website (the “Service”) are governed by the terms and conditions contained herein (the “Terms of Service” or “this Agreement”). This Agreement is entered into by and between you as the user and Etor, and constitutes the entire agreement between the parties. All other information provided on the Website or oral/written statements made are excluded from this Agreement. Use of the words “Etor”, “we,” “us,” or “our” in this Agreement refers to Etor Private Limited and any or all of its affiliates. By accessing and using the Website in any manner, you acknowledge that you have read, understood and agreed to the Terms of Service as well as our Privacy Policy at https://www.etorexchange.in/app/terms-service/privacyPolicy, and agreed to be legally bound thereby. In addition, when using some features of the Services, you may be subject to specific additional terms and conditions applicable to those features. Etor reserves the right to change any of the terms and conditions in this Agreement without prior notice. You agree that you will continue to be bound by the terms and conditions in this Agreement as amended from time to time. You understand that Etor has no obligation to notify you of any change or amendment made to this Agreement, and it is within your power and responsibility to access this page and review the most updated version of these Terms of Service at any time, and you agree to do so. Any and all amendments or changes to these Terms of Service will become effective upon publication. THEREFORE, YOUR CONTINUED USE OF THE WEBSITE AND THE SERVICE IS DEEMED YOUR ACCEPTANCE OF THE TERMS AND CONDITIONS IN THIS AGREEMENT AS AMENDED FROM TIME TO TIME. IF YOU DO NOT ACCEPT THE TERMS OF SERVICE OUTLINED IN THIS AGREEMENT OR ANY CHANGES THERETO, DO NOT ACCESS THIS SITE AND DO NOT USE THIS SERVICE.
1. Risks
YOU ACKNOWLEDGE AND AGREE THAT (1) YOU ARE AWARE OF THE RISKS ASSOCIATED WITH TRANSACTIONS OF DIGITAL CURRENCIES AND THEIR DERIVATIVES; (2) YOU SHALL ASSUME ALL RISKS RELATED TO THE USE OF THE SERVICE AND TRANSACTIONS OF DIGITAL CURRENCIES AND THEIR DERIVATIVES; AND (3) Etor SHALL NOT BE LIABLE FOR ANY SUCH RISKS OR ADVERSE OUTCOMES.
1.1. The trading of goods and products, real or virtual, as well as virtual currencies, involves significant risk. Prices can and do fluctuate on any given day. Due to such price fluctuations, you may increase or lose value in your assets at any given moment. There is an inherent risk that losses will occur as a result of buying, selling or trading anything on a cryptocurrency exchange.
1.2. Cryptoasset is an as-yet autonomous and largely unregulated worldwide system of value transfer between individuals. It is not backed by any government or commodities and hence may be susceptible to risks not generally associated with government or central bank backed currencies.
1.3. Because on this platform there are derivatives being traded, there are additional risks involved. Under extreme market circumstances, whenever necessary, Etor could decide to close partial or entire winning positions to be able to close losing positions. Derivatives are settled every day at a stipulated time determined by Etor. If bankruptcies in a session deplete the insurance fund, any further losses will be covered by profits made by other traders on the platform based on Auto-Deleveraging ranking system determined by Etor. In such circumstances, higher ranked profitable traders will get their winning positions partially or fully closed, depending on the size of the losses, to cover for other traders’ bankruptcies.
1.4. Due to the nature of cryptocurrencies, there could occur situations where Etor takes the step where contracts will be closed prematurely for platform integrity. Users of the platform are assumed to understand those risks. An extreme situation could for example occur during forks and splits of the Bitcoin network.
THERE MAY BE ADDITIONAL RISKS THAT WE HAVE NOT FORESEEN OR IDENTIFIED IN OUR TERMS OF SERVICE. YOU SHOULD CAREFULLY ASSESS WHETHER YOUR FINANCIAL SITUATION AND TOLERANCE FOR RISK IS SUITABLE FOR BUYING, SELLING OR TRADING PERPETUAL CONTRACT.
2. Accessing the Website
2.1. You must not use this website in any way that causes, or may cause, damage to the Website or impairment of the availability or accessibility of the Website; or in any way which is unlawful, illegal, fraudulent or harmful, or in connection with any unlawful, illegal, fraudulent or harmful purpose or activity.
2.2. You must not use this website to copy, store, host, transmit, send, use, publish or distribute any material which consists of (or is linked to) any spyware, computer virus, Trojan horse, worm, keystroke logger, rootkit or other malicious computer software.
2.3. You must not conduct any systematic or automated data collection activities (including without limitation scraping, data mining, data extraction and data harvesting) on or in relation to this website without Etor’s express written consent.
2.4. It is the users’ responsibility to ensure that all usernames and passwords are kept confidential. If there is a loss or compromise of your username and password, it is your responsibility to notify Etor immediately. Upon being notified, Etor will initiate a reset of your password.
2.5. You understand that maintaining a secure trading website is Etor’s highest concern. You must not attempt at any time to undermine the security or integrity of the Etor website or that of any third-party software provider.
2.6. At no time should any user compromise the Website in a way that would cause interference in the functionality of any part of the Website.
2.7. All users have no expressed authority to use the Etor website to interfere or access any account except those in which the user has authority to access.
2.8. No authority has been given for any user to upload any material into the Etor website, and no authorization has been given to download any material from the site except where files have been made available for public download.
2.9. By accessing the Etor website, you agree and acknowledge that all business is conducted for the legal benefit of the user’s account.
2.10. By opening an account you represent and warrant:
a) that you have accepted the Terms of Service; and
b) that you are at least 18 years of age and have the capacity to accept the Terms;
c) that you are the legal owner of the Bitcoin or Ethereum or any other virtual currency you add to your account with Etor;
d) that using Etor services does not constitute a breach of your home jurisdictions’ laws or violate any laws and regulations applicable to you, including but not limited to regulations on anti-money laundering, anti-corruption, and counter-terrorist financing;
e) that you are aware of the risks in using the Services provided by Etor. These risks include the high volatility risks of Bitcoin,Ethereum and other cryptocurrencies themselves, the fact that you may lose all of the Bitcoin,Ethereum and other crypto currencies or inr in your trading account if the market moves against you;
f) that you will not be involved or initiate any form of market manipulation, including spoofing orders or otherwise;
g) that the information or documents you provide are correct, genuine and up-to-date and you have the obligations to maintain them so on an ongoing basis whenever you use the Services and notify Etor of any change of such information or documents;
h) that the Bitcoin or Ethereum or any other virtual currency withdrawal address you have provided is your own and that you have full control over this address;
You understand and acknowledge that if it is determined that you have given false representations as to your location or place of residence, Etor reserves the right to close your account immediately and to liquidate any open positions.
2.11. Etor will provide Market Data to facilitate the users’ use of the Website. Etor makes NO WARRANTIES about the timelines, sequence, accuracy, or completeness of the Market Data, and you accept and agree that Etor shall not be held liable for any inaccuracy, error, delay or omission resulting from your use of such Market Data.
2.12. Etor reserves the right to revise and/or discontinue any or all Services without prior notice.
2.13. Etor makes no warranty that the Website will be uninterrupted or error free. Among other things, the operation and availability of the Etor platform can be unpredictable and may from time to time be inaccessible. Etor is not in any way responsible for any such interference that prevents your access or use of the Website and the Service.
2.14. Etor reserves the right at any time to verify your identity.
2.15. We may impose certain trading limits before you are required to supply additional personal information about yourself and your transactions. By conducting business on the Website, you agree to cooperate with us in this process and will provide all documentation or information that we may require.
2.16. It is our responsibility to maintain an orderly market and as such we may at our discretion halt trading on the Website due to market disruption or other relevant external events. We exclude all liability for any claimed losses or profits lost as a result of us halting trading.
2.17. Etor has the right to reverse trades or adjust prices of trades that it regards as being traded at abnormal prices far away from the price level to be expected from an orderly market.
3. Taxes
You understand that it is your responsibility to determine, collect, report, and submit any taxes applicable to the payments you make or receive in connection with the use of the Website and the Service to the appropriate tax authority. Etor is not responsible for determining whether taxes apply to your transaction, or for collecting, reporting or remitting any taxes arising from any transaction.
4. Intellectual Property Rights
4.1. All intellectual property rights relating to all the material used on the Website including, but not limited to, design, structure, layouts, graphical images and underlying source code belongs to Etor. All rights are reserved.
4.2. You acknowledge that, except as otherwise agreed between the parties in writing, all intellectual property rights of Etor and the Website shall remain with Etor.
4.3. By submitting content to any public area of the Website, including blogs, message boards, and forums, you grant Etor a royalty-free, perpetual, irrevocable, non-exclusive right and licence to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, communicate to the public, perform and display the content (in whole or in part) worldwide and to incorporate it in other works in any form, media, or technology now known or later developed, for the full term of any rights that may exist in such content. You also permit any subscriber to access, display, view, store and reproduce such content for personal use.
4.4. By submitting any content to the Website, you warrant that you are entitled to and have all necessary intellectual property rights over that content.
5. No Warranties
5.1. To the maximum extent permitted under applicable law, the Website and the Service are offered on an “as is” and “as available” basis, and Etor expressly disclaims, and you waive, any and all other warranties of any kind, whether express or implied, including, without limitation, warranties of merchantability, fitness for a particular purpose, title or non-infringement or warranties arising from course of performance, course of dealing or usage in trade. Without limiting the foregoing, Etor does not represent or warrant that the Website, the Service or information provided by Etor are accurate, complete, reliable, current, error-free, or free of viruses or other harmful components. Etor does not guarantee that any order will be executed, accepted, recorded or remain open. Except for the express statements, agreements and rules set forth in these Terms of Service, you hereby acknowledge and agree that you have not relied upon any other statement or agreement, whether written or oral, with respect to your use and access of the Website and the Service.
5.2. Without limiting the foregoing, you hereby understand and agree that Etor will not be liable for any losses or damages arising out of or relating to: (a) any inaccuracy, defect or omission of digital assets price data, (b) any error or delay in the transmission of such data, (c) interruption in any such data, (d) regular or unscheduled maintenance carried out by Etor and service interruption and change resulting from such maintenance, (e) any damages incurred by other users’ actions, omissions or violation of these terms, (f) any damage caused by illegal actions of other third parties or actions without authorization by Etor; and (g) other exemptions mentioned in disclaimers and platform rules issued by Etor.
5.3. The disclaimer of implied warranties contained herein may not apply if and to the extent it is prohibited by applicable law of the jurisdiction in which you reside.
6. External Website
6.1. Etor makes no representation whatsoever about any external or third-party website you may access through the Site. Occasionally, the Etor website may provide references or links to other websites (“External Websites”). We do not control these External Websites or third-party sites or any of the content contained therein. You agree that we are in no way responsible or liable for the External Websites referenced or linked from the Etor website, including, but not limited to, website content, policies, failures, promotions, products, opinions, advice, statements, prices, activities and advertisements, services or actions and/or any damages, losses, failures or problems caused by, related to, or arising from those sites. You shall bear all risks associated with the use of such content.
7. Financial Advice
7.1. At no time should any information provided in these terms or on the Website be construed as financial advice. Etor does not provide any opinion on the merits of any particular investment. Any information provided is for educational purposes to keep the investor informed of prices, ranges, and volatility of Bitcoin and Ethereum and any other virtual currency. Any decision to purchase or sell is done at the sole discretion of the user and as such, the user is liable for any loss suffered.
8. Financial Regulation
8.1. Our business model, and our Service, consists of facilitating the buying, selling, sending and receiving of Bitcoin and other cryptocurrencies and their use to purchase goods in an unregulated yet responsible, international open payment system. The Service we provide is currently unregulated within India.
9. Data Protection
9.1. Privacy is very important to us. Full details of our Privacy Policy can be found at https://www.etorexchange.in/app/terms-service/privacyPolicy. We recommend that you read the Privacy Policy carefully, so that you know the data that we collect, how we use the data and who we share your data with. The terms contained in the Privacy Policy are incorporated by express reference into this Agreement and you agree to be legally bound by the same.
10. Indemnification
10.1. You agree to indemnify and hold harmless Etor, its affiliates, contractors, licensors, and their respective directors, officers, employees and agents from and against any claims, actions, proceedings, investigations, demands, suits, costs, expenses and damages (including attorneys’ fees, fines or penalties imposed by any regulatory authority) arising out of or related to (i) your use of, or conduct in connection with, the Website or the Service, (ii) your breach or our enforcement of these Terms of Service, or (iii) your violation of any applicable law, regulation, or rights of any third party during your use of the Website or the Service.
11. Limited Liability
11.1. Except as permitted to the maximum extent by applicable laws, in no event shall Etor, its affiliates and their respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers, contractors, resellers, or service providers be liable for any special, indirect, incidental, consequential, exemplary or punitive damages, including but not limited to damages for loss of use, loss of profits, loss of information, business interruption, revenue, goodwill, cost of procurement of substitute products or services, interruption of use or loss or corruption of data, whether on the basis of contract, tort (including but not limited to negligence), statute, product liability, strict liability, or otherwise arising out of or in connection with the Website or the Service or any performance or non-performance thereof, any act or omission on the part of Etor, or mistakes, omissions, interruptions, deletions, errors, defects, viruses, delays in operation or transmission or any failure of performance of the Website or any information transmitted by Etor. In particular, without prejudice to the generality of the foregoing, Etor shall have no liability for any failure or delay due to matters beyond our reasonable control.
11.2. To the maximum extent permitted by applicable laws, in no event shall the aggregate liability of Etor, its affiliates and their respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers, contractors, resellers, or service providers, whether on the basis of contract, tort (including but not limited to negligence), statute, product liability, strict liability, or otherwise arising out of or in connection with the Website or the Service or any performance or non-performance thereof, any act or omission on the part of Etor, or mistakes, omissions, interruptions, deletions, errors, defects, viruses, delays in operation or transmission or any failure of performance of the Website or any information transmitted by Etor, exceed the fees paid by you to Etor during the six months immediately preceding the date of any claim giving rise to such liability.
12. Force Majeure
12.1. If we are unable to perform the Services in the Terms of Service due to factors beyond our control including but not limited to an event of Force Majeure, change of law or change in sanctions policy we will not have any liability to you with respect to any failure or delay in providing the Services under this Agreement. A event of Force Majeure shall include, without being exhaustive, acts of God; earthquakes; fires; floods; wars; civil or military disturbances; acts of terrorism; sabotage; strikes; epidemics; riots; power failures; computer failure and any such circumstances beyond our reasonable control as may cause interruption, loss or malfunction of utility, transportation, computer (hardware or software) or telephone communication service; accidents; labour disputes; acts of civil or military authority; governmental actions; or inability to obtain labour, material, equipment or transportation.
13. Termination & Remedies for Breach of Terms
13.1. You agree that Etor shall have the right to immediately suspend your account (and any accounts beneficially owned by related entities or affiliates), freeze or lock the digital assets or funds in all such accounts, and suspend your access to Etor for any reason including if Etor suspects any such accounts to be in violation of these Terms of Service, our Privacy Policy, or any applicable laws and regulations. You agree that Etor shall not be liable to you for any permanent or temporary modification of your account, or suspension or termination of your access to all or any portion of the Service. Etor shall reserve the right to keep and use the transaction data or other information related to your account. The above account controls may also be applied in the following cases: (a) your account is subject to a governmental proceeding, criminal investigation or other pending litigation; (b) we detect unusual activities in your account; (c) we detect unauthorized access to your account; (d) we detect suspicious movements of funds into or out of your account or have grounds to suspect that the source and/or withdrawal of the funds in your account is inconsistent with our Anti-Money Laundering (“AML”) policies or otherwise presents any risk of money laundering, terrorist financing or any other financial crimes; (e) we are required to do so by a court order or command by a regulatory/government authority.
13.2. In case of any of the following events, Etor shall have the right to directly terminate these Terms of Service by cancelling your account, and shall enjoy the right but not the obligation to permanently freeze (cancel) the authorizations of your account on Etor: (a) you register in any other person’s name as a user again, directly or indirectly; (b) the information that you have provided is untruthful, inaccurate, outdated or incomplete; (c) when these Terms of Service are amended, you state your unwillingness to accept the amended Terms of Service by applying for cancellation of your account or by other means; (d) you request that the Service be terminated; and (e) any other circumstances where Etor deems appropriate to terminate the Service.
13.3. If Etor is informed that any digital assets or funds held in your account are criminal proceeds or otherwise are not lawfully possessed by you, Etor may, but has no obligation to, place an administrative hold on the affected funds and your account. If Etor does lay down an administrative hold on some or all of your funds or account, Etor may continue such hold until such time as the dispute has been resolved and evidence of the resolution acceptable to Etor has been provided to Etor in a form acceptable to Etor. Etor will not involve itself in any such dispute or the resolution of the dispute. You agree that Etor will have no liability or responsibility for any such hold, or for your inability to withdraw digital assets or funds or execute trades during the period of any such hold.
13.4. Except as set forth in paragraph 13.5 below, once your account is closed/withdrawn, all remaining account balance (which includes charges and liabilities owed to Etor) will be payable immediately to Etor. Upon payment of all outstanding charges to Etor (if any), the remaining assets will be transferred to you at the address on the record.
13.5. Etor maintains full custody of the assets, funds and user data/information which may be turned over to governmental authorities in the event of your account’s suspension/closure arising from fraud investigations, investigations of violation of law or violation of these Terms of Service.
14. Disclosures to Legal Authorities and Authorized Financial Institutions
14.1. We may share your personal data with law enforcement agents, data protection authorities, government officials, and other authorities when:
required by law;
b) compelled by court order, or other legal procedure;
c) we believe that disclosure is necessary to prevent damage or financial loss;
d) disclosure is necessary to report suspected illegal activity; or
e) disclosure is necessary to investigate violations of our Terms of Service or Privacy Policy.
a) For further information on how we process your personal data, please refer to the Privacy Policy.
15. Absence of Waiver
15.1. Any failure or delay by Etor to enforce any of the terms of this Agreement or to exercise any right hereunder shall not be construed as a waiver to any extent of our rights.
16. Changes of Terms
16.1. Etor reserves the right to change any of the terms and conditions in this Agreement without prior notice. You agree that you will continue to be bound by the terms and conditions in this Agreement as amended from time to time. You understand that Etor has no obligation to notify you of any change or amendment made to this Agreement, and it is within your power and responsibility to access this page and review the most updated version of these Terms of Service at any time, and you agree to do so. Any and all amendments or changes to these Terms of Service will become effective upon publication. THEREFORE, YOUR CONTINUED USE OF THE WEBSITE AND THE SERVICE IS DEEMED YOUR ACCEPTANCE OF THE TERMS AND CONDITIONS IN THIS AGREEMENT AS AMENDED FROM TIME TO TIME.
17. Survival
17.1. Should any provision of these Terms of Service be held to be void, invalid, unenforceable or illegal by a court, the validity and enforceability of the other provisions shall not be affected. If any provision is determined to be unenforceable, you agree to an amendment by Etor of such provision to enable the enforcement of the original intent of such provision, to the maximum extent permitted by applicable law.
18. Governing Law
These Terms of Use shall be governed and construed in accordance with the laws of India. The parties agree to irrevocably submit to the exclusive jurisdiction of the courts in Visakhapatnam, Andhra Pradesh for the resolution of any disputes arising from these Terms of Use. Etor may also consider arbitration as the appropriate mechanism for dispute resolution.
Contact Us
If you have any questions relating to these Terms of Use, your rights and obligations arising from these Terms and/or your use of the Site and the Service, your Account, or any other matter, please contact us at info@nextpegasus.com
