Terms of service

1. What NUVOBITS provides

NUVOBITS provides a web-based trading terminal and an associated client area. The service offers demonstration accounts, credited with a virtual balance on which positions are simulated, and live accounts, which hold real money. Which kind an account is, is shown on every screen that can act on it.

• We do not hold client funds.
• We do not execute orders on any exchange or with any counterparty.
• We do not provide investment advice, portfolio management or brokerage.
• Market prices shown are obtained from public exchange feeds and are provided for information and simulation.

2. Who may use the service

You must be at least 18 years old and legally able to enter into a contract in your country of residence. You must not use the service where doing so would breach the law that applies to you. You are responsible for determining whether that is the case.

3. Your account

You must give accurate registration details and keep them up to date. You are responsible for everything done through your account, and for keeping your password and any second factor confidential. Tell us promptly if you believe someone else has gained access.

• One person, one account. Accounts are personal and may not be shared, sold or transferred.
• We may ask you to verify your identity before certain features become available.
• We may suspend an account we reasonably believe is being used fraudulently or unlawfully.

4. The demonstration account

A demonstration account exists so you can learn the platform and test an approach without financial risk. Its balance is virtual. Profits shown on a demonstration account are not earnings and cannot be withdrawn; losses are not debts and are not owed.

Simulated results do not reproduce every condition of live trading. In particular, a simulation cannot fully model the effect of your own order on the market, the behaviour of a counterparty, or the emotional pressure of trading real money.

5. Acceptable use

Use the service as it is intended to be used. The following are not permitted:

• Attempting to gain unauthorised access to any account, server or network.
• Probing, scanning or testing the security of the service without our prior written permission.
• Automated access that degrades the service for others, including scraping at a rate a person could not produce.
• Reverse engineering, or attempting to derive our pricing logic in order to exploit it.
• Uploading anything unlawful, or any document that is not genuinely yours during verification.
• Using the service to imitate NUVOBITS or to mislead anyone into believing you act for us.

6. Availability

We aim to keep the service available but do not guarantee it. Access may be interrupted for maintenance, by a failure of a price source we depend on, or by events outside our control. Market data reaches us from third parties and may be delayed, incomplete or wrong; we do not warrant its accuracy. Where our price snapshot is stale, the platform declines orders rather than filling them at a price we cannot stand behind.

7. Intellectual property

The platform, its interface, its content and the NUVOBITS name are ours or our licensors'. You may use them only to use the service. Nothing here transfers ownership. Any content you submit remains yours; you grant us the permission needed to operate the service and to meet our legal obligations.

8. Ending the agreement

You may close your account at any time from the client area or by contacting us.

We may suspend or close an account for a serious or repeated breach of these terms, where we are required to by law, or if we discontinue the service. Where it is lawful and practical to do so, we will give you notice and a reason. Closing an account does not affect the retention obligations described in the Privacy Policy.

9. Limits of liability

Nothing in these terms limits liability that cannot lawfully be limited, including liability for death or personal injury caused by negligence, or for fraud.

Subject to that, we are not liable for indirect or consequential loss, for lost profits, or for decisions you take on the basis of simulated results or of market data supplied by a third party. Because the service currently carries no real money, no trading loss can arise from it.

10. Changes to these terms

We may update these terms as the service changes. We will publish the revised version here and update the date at the top. Where a change materially affects you, we will tell you before it takes effect.

11. Governing law

The governing law and the courts having jurisdiction have not been settled, and will be confirmed here once they are. Your mandatory rights as a consumer in your country of residence are unaffected in any case.