Last updated: November 25, 2020
The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in the plural.
For the purposes of this Disclaimer:
The information contained on the Service is for general information purposes only.
The Company assumes no responsibility for errors or omissions in the contents of the Service.
In no event shall the Company be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other torts, arising out of or in connection with the use of the Service or the contents of the Service. The Company reserves the right to make additions, deletions, or modifications to the contents on the Service at any time without prior notice.
The Company does not warrant that the Service is free of viruses or other harmful components.
The Service may contain links to external websites that are not provided or maintained by or in any way affiliated with the Company.
Please note that the Company does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites.
The information given by the Service is for general guidance on matters of interest only. Even if the Company takes every precaution to ensure that the content of the Service is both current and accurate, errors can occur. Plus, given the changing nature of laws, rules, and regulations, there may be delays, omissions, or inaccuracies in the information contained on the Service.
The Company is not responsible for any errors or omissions, or for the results obtained from the use of this information.
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The Company believes this constitutes a “fair use” of any such copyrighted material as provided for in section 107 of the United States Copyright law.
If You wish to use copyrighted material from the Service for your own purposes that go beyond fair use, You must obtain permission from the copyright owner.
The Service may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other author, agency, organization, employer, or company, including the Company.
Comments published by users are their sole responsibility and the users will take full responsibility, liability, and blame for any libel or litigation that results from something written in or as a direct result of something written in a comment. The Company is not liable for any comment published by users and reserves the right to delete any comment for any reason whatsoever.
The information on the Service is provided with the understanding that the Company is not herein engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal, or other competent advisers.
In no event shall the Company or its suppliers be liable for any special, incidental, indirect, or consequential damages whatsoever arising out of or in connection with your access or use or inability to access or use the Service.
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The Company will not be liable to You or anyone else for any decision made or action taken in reliance on the information given by the Service or for any consequential, special or similar damages, even if advised of the possibility of such damages.
‘Bitcoin Profit’ (‘Bitcoin Profit’) allows its users (hereinafter: “User” or “Users”) to trade in highly speculative investments which involve a significant risk of loss. Such trading is not suitable for all investors so Users must ensure that they fully understand the risks before trading. ‘Bitcoin Profit’ does not manage, or offer any legal, tax, accounting or investment advice or recommendation regarding suitability, profitability, investment strategy, or other matters of that sort.
All Users and prospective Users should carefully read the following Risk Disclosure and warnings contained in this document, before applying to ‘Bitcoin Profit’ to use its software, and before beginning to trade in various financial markets using various financial instruments. However, it is noted that this document cannot and does not disclose or explain all of the risks and other significant aspects involved in dealing in Forex, CFDs, and Cryptocurrencies. The notice was designed to explain in general terms the nature of the risks involved when dealing with Forex, CFDs, and Cryptocurrencies in a fair and non-misleading way.
DUE TO THE HIGH-RISK NATURE OF TRADING, ‘BITCOIN PROFIT’ EXPLICITLY DOES NOT MAKE ANY EXPRESS OR IMPLIED WARRANTIES OR GUARANTEES THAT USERS WILL MAKE ANY PROFIT OR THAT USERS WILL NOT LOSE ANY OR ALL DEPOSITED INVESTMENT FUNDS.
Trading in Forex, CFDs, and Cryptocurrencies is VERY SPECULATIVE AND HIGHLY RISKY and is not suitable for all members of the general public, but only for those investors who:
(a) Understand and are willing to assume the economic, legal, and other risks involved.
(b) Take into account their personal financial circumstances, financial resources, lifestyle, and obligations are financially able to assume the loss of their entire investment.
(c) Have the knowledge to understand Forex, CFDs, and Cryptocurrencies trading and the underlying assets and markets.
‘Bitcoin Profit’ will not provide Users with any advice relating to Forex, CFDs, and Cryptocurrencies, the underlying assets and markets, or make investment recommendations of any kind. So, if the User does not understand the risks involved, he should seek advice and consultation from an independent financial advisor. If the User still does not understand the risks involved in trading in Forex, CFDs, and Cryptocurrencies then he should not trade at all.
Forex, CFDs, and Cryptocurrencies are derivative financial instruments deriving their value from the prices of the underlying assets/markets to which they refer (for example: currencies, equity indices, stocks, metals, indices futures, forwards, etc.). It is important, therefore, that the User understands the risks associated with trading in the relevant underlying asset/market because fluctuations in the price of the underlying asset/market will affect the profitability of his trade.
Volatility – Movements in the price of underlying assets/markets can be volatile and unpredictable. This will have a direct impact on User’s profits and losses. Understanding the volatility of an underlying market will help guide Users regarding how to trade and how much he is willing to lose.
Market swings – A swing is a sudden shift in the price of an underlying asset price from one level to another. Various factors can lead to gapping (for example, economic events or market announcements) and gapping can occur both when the underlying market is open and when it is closed. When these factors occur while the underlying market is closed, the price of the underlying market when it reopens (and therefore our derived price) can be markedly different from the closing price, with no opportunity to close your trade in-between. ‘Gapping’ can result in a significant loss (or profit).
Market liquidity – The prices of Forex, CFDs, and Cryptocurrencies will be influenced by, amongst other things, changing supply and demand relationships, governmental, agricultural, commercial and trade programs and policies, national and international political and economic events and the prevailing psychological characteristics of the relevant market place and some of the Forex, CFDs and Cryptocurrencies’ underlying assets may not become immediately liquid as a result of reduced demand for the underlying asset. So, market conditions can change significantly in a very short period of time, and hence, under certain market conditions, it may be impossible for User’s order to be executed, leading to losses.
It is understood that when it comes to trading in currencies, there may be situations, movements and/or conditions occurring at weekend, at the beginning of week or intra-day after release of significant macroeconomic figures, economic or political news that makes currency markets to open with price levels that may substantially differ from previous prices.
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