TERMS AND CONDITIONS
Section 1 - Online Registration Conditions
By signing these Terms of Service, the Customer officially confirms that he/she is of legal age in his/her state or province of residence. As a condition of using the Services, the Customer agrees not to engage in any illegal or unauthorized activity (including, without limitation, infringement of copyright laws). Customer’s access to the Services will terminate immediately if Customer violates any of these Terms.
Section 2 - General Conditions
Provider reserves the right to refuse service to anyone at any time for any reason. Customer acknowledges that its content (except credit card information), which is not of a sensitive nature, may be transferred unencrypted and involve (a) transmissions over various networks; and (b) changes to conform and adapt to technical requirements of connecting networks or devices. Credit card information is always encrypted during transfer across networks. Without express Provider’s written consent, Customer agrees not to reproduce, duplicate, copy, sell, resell or exploit any portion of the Service, use of the Service or access to the Service or any contact on the web site through which the Service is provided. The headings used in this agreement are included for convenience only and shall not limit or otherwise affect the Terms.
Section 3 - Accuracy, Completeness and Timeliness of Information
Customer acknowledges that the services and content are provided “as is”, with all faults, defects or possible shortcomings, and that use of such services and content is at Customer’s sole risk. While Provider strives to ensure that all information is accurate and up to date, Provider acknowledges that technology may have inherent limitations. Accordingly, the Client accepts these possible limitations and agrees to use the services with this understanding. To the fullest extent permitted by applicable law, Provider disclaims all warranties, whether statutory, express, implied or otherwise, including but not limited to warranties of merchantability, fitness for a particular purpose or non-infringement of rights.
Section 4 - Changes in services and prices
Product prices are subject to change without notice. Provider reserves the right to modify or discontinue the Service (including the accounts offered or any part or content thereof) at any time without notice.
Provider shall not be liable to Customer or any third party for any modification, price change, suspension or discontinuance of the Service.
Section 5 - Products or Services.
Supplier reserves the right, but not the obligation, to limit sales of products or services to any person, geographic region or jurisdiction. This discretion may be exercised on a case-by-case basis. In addition, Supplier reserves the right to limit the quantities of any products or services it offers. All product descriptions or product prices are subject to change at any time without notice, at Supplier’s sole discretion. Supplier also reserves the right to discontinue any product at any time. Any offer for any product or service made on this site is void where prohibited.
Provider does not warrant that the quality of any products, services, information or other material purchased or obtained by Customer will meet Customer’s expectations or that any errors in the Service will be corrected.
Section 6 - Account Information and Billing Accuracy.
The Supplier reserves the right to refuse any order placed with the Supplier. At Supplier’s discretion, there may be limits or cancellations on the quantity of items purchased per individual, per household or per order. These restrictions may apply to orders placed by the same customer account, the same credit card and/or orders using the same billing and/or shipping address. In the event of an order modification or cancellation, the Supplier will attempt to notify the Customer by contacting the e-mail address and/or billing address/phone number provided at the time the order was placed. In addition, Supplier reserves the right to limit or prohibit orders that, in its sole judgment, appear to be placed by dealers, resellers or distributors.
Customer agrees to provide current, complete and accurate purchase and account information for all purchases made on Supplier’s site. Customer also agrees to promptly update its account and other information, including email address, credit card numbers and expiration dates, so that Supplier can complete transactions and contact Customer when necessary.
Section 7 - Additional Resources
Provider may provide Customer with access to third party tools over which Provider has no oversight, control or input. Customer acknowledges and agrees that Provider provides access to such tools on an “as is” and “as available” basis, without warranties, representations or conditions of any kind and without any endorsement. Provider shall have no liability whatsoever arising out of or relating to Customer’s use of optional third party tools.
Any use by Customer of optional tools offered through the Site is entirely at Customer’s risk and discretion, and Customer must be familiar with and approve of the terms on which the tools are provided by the respective third party provider(s). Provider may also, in the future, offer new services and/or features through the Website (including the release of new tools and resources). These new functions and/or services shall also be subject to these Terms of Service.
Section 8 - External Links
Certain content, products and services available through the Provider’s Service may contain materials from third parties. Third-party links on Provider’s site may direct Customer to third-party websites that are not affiliated with Provider. Provider is not responsible for examining or evaluating the content or accuracy, and does not warrant and shall not have any liability or responsibility for any third-party materials or websites, or for any other materials, products or services of third parties.
Provider is not liable for any damages or injury related to the purchase or use of goods, services, resources, content or any other transactions made in connection with third party websites. Customer should carefully review the policies and practices of third parties and ensure that Customer understands them before entering into any transaction. Complaints, claims, concerns or questions regarding third party products should be directed to the third party in question.
Section 9 - Comments, Feedback and Other User Submissions
The Client agrees that the Provider may, at any time and without restriction, edit, copy, publish, distribute, translate and otherwise use in any medium any comments the Client submits to the Provider, whether online, by e-mail, by postal mail or otherwise. The Supplier is not and shall not be obligated to maintain the confidentiality of any Comments to pay compensation for any Comments or to respond to any Comments.
Provider may, but is not obligated to, monitor, edit or remove content that Provider determines, in its sole discretion, to be unlawful, offensive, threatening, libelous, defamatory, defamatory, pornographic, obscene or otherwise objectionable or in violation of any party’s intellectual property or these Terms of Service.
Customer represents and warrants that its comments will not violate any third party rights, including copyright, trademark, privacy, personality or any other personal or proprietary rights. Customer further represents and warrants that its comments will not contain defamatory or otherwise unlawful, abusive or obscene material, or contain computer viruses or other malicious programs that may in any way affect the operation of the Service or any related website. The Customer must not use a false e-mail address, impersonate any person other than himself/herself or otherwise mislead the Provider or any third party as to the origin of the comments. The Customer is solely responsible for the comments he/she makes and for their accuracy. The Supplier assumes no responsibility for comments posted by the Customer or third parties.
Both Client and Supplier shall conduct all interactions under this agreement with the highest degree of fairness and respect. Any action detrimental to the reputation or legitimate interests of either party is strictly prohibited. This agreement imposes an affirmative duty to refrain from such detrimental conduct both during and after the term of the business relationship. Disputes must be resolved in accordance with the terms of this agreement and applicable law. Violation of these provisions may result in immediate legal action, including a cease and desist notice and other legal remedies to protect the rights and interests of the aggrieved party.
Section 10 - Personal Information.
The submission of personal data through the website is governed by the provider’s
Section 11 - Errors and omissions
Typographical errors, inaccuracies or omissions that may relate to product descriptions, pricing, promotions, offers, product shipping charges, transit times and availability. Supplier reserves the right to correct any errors, inaccuracies, and to change or update information or cancel orders at any time without notice (including after Customer has submitted its order). Provider assumes no obligation to update, modify or clarify any information contained in the Service or any related website, including, without limitation, pricing information, except as required by law. No specific update or restatement date should apply to the Service or any related website, which could be construed to mean that the Service or any related website is updated or updated as of the date of the Service or any related website.
Which could be construed as an indication that all information on the Service or any related website has been changed or updated.
In the event of any discrepancies or anomalies in the Service, including but not limited to account data, transactions or service functions, the Customer is obligated to immediately inform the Provider. This immediate notification will enable Provider to address and correct the problem in an efficient manner, maintaining the integrity and accuracy of the Service. Customers may request assistance and report such problems to the Horizon Pips Help Desk through the chat option and by contacting Horizon Pips Customer Support.
Section 12 - Restricted Uses
Customer is prohibited from using the Site or its content (a) for any unlawful purpose; (b) to solicit others to perform or participate in any unlawful act; (c) to violate any international, federal, provincial or state local rules, regulations, laws or ordinances; (d) to infringe or violate our intellectual property rights or the intellectual property rights of others; (e) to harass, abuse, insult, harm, defame, libel, slander, disparage, intimidate or discriminate on the basis of sex, sexual orientation, religion, ethnicity, race, age, national origin or disability; (f) to submit false or misleading information; (g) to upload or transmit viruses or any other malicious code that affects or may affect in any way the functionality or operation of the Service or any related website, other websites or the Internet. Provider reserves the right to terminate Customer’s use of the Service and any related website in the event of any breach of these prohibitions.
Section 13 - Conditions and Prohibitions
- The Customer is prohibited from conducting trades that contravene the stipulations outlined in this section or the FAQ. Any trades that are in violation of these stipulations are strictly forbidden. The Customer must adhere to the rules and guidelines set forth in this section, as well as those established by the FAQ when utilizing the Services
- The Customer must not intentionally or unintentionally use trading strategies that exploit errors in the Services, such as inaccuracies in displayed prices or delays in their updates, including but not limited to practices commonly known as Latency Trading.
Executing trades using an external or slow data feed or performing gap trading is prohibited for the Customer
Engaging, either alone or in cooperation with others, in any trades or combinations of trades across connected accounts or accounts held within the platform, if the purpose is to manipulate trading, commonly referred to as “Group Trading,” is forbidden. Examples of such manipulation include entering into opposite positions simultaneously. - The use of any software, artificial intelligence, ultra-high speed, highfrequency trading (Evaluation model), or mass data entry that could manipulate or abuse the Provider’s systems or services, or provide an unfair advantage, is prohibited for the Customer.
- Performing arbitrage (of any kind), including but not limited to triangular arbitrage, statistical arbitrage, latency arbitrage, market-making arbitrage, spatial arbitrage, pairs trading arbitrage, risk arbitrage, convertible arbitrage, volatility arbitrage, dividend arbitrage, tax arbitrage, yield curve arbitrage, or any other form of arbitrage that may exploit pricing differences between different markets or exchanges, is prohibited for the Customer.
- Employing strategies that guarantee the execution of limit orders during periods of low liquidity is prohibited for the Customer, as such practices do not reflect actual market conditions and therefore contravene the realistic trading simulation standards maintained by The Provider
- Performing trades that are inconsistent with typical forex or any other financial market operations is prohibited for the Customer. They should also avoid any activities that may cause financial or other harm to The Provider, such as over-leveraging, over- exposure, making one-sided bets, grid trading, tick scalping, or account rolling. Engaging in any of these activities may raise valid concerns about intentionally harming The Provider.
- Engaging in copy trading, where trades mimic or replicate the trading activities of other traders or entities without prior authorization from The Provider, is prohibited for the Customer.
- The Customer, or any third party, is prohibited from participating in or collaborating to have a third party execute trades for the Customer, whether such third party is a private individual or a professional, or to permit access to or trading on their Horizon Pips Challenge Account by any third party.
- Accessing any third-party Horizon Pips Challenge Account, trading on behalf of any third party, or conducting any account management or similar services where the Customer commits to trade, run, or manage a Horizon pips Account on behalf of another user, whether professionally or otherwise, is prohibited for the Customer.
- Opening positions with sizes that are noticeably larger than those of the Customer’s other trades, whether on this account or another one of theirs, is prohibited.
- Opening positions with numbers that are noticeably smaller or larger than those of the Customer’s other trades, whether on this account or another one of theirs, is prohibited
- Using a high level of margin is prohibited for the Customer.
- Should the Customer engage in any of the prohibited trading practices described in Clause 13.1, The Provider may:
- Consider this as a failure to comply with the terms of the relevant Challenge provided by The Provider.
- Remove the transactions in violation of the prohibition from the Customer’s trading history and/or exclude their results from the profits and/or losses generated by Demo Trading.
- Terminate all Services provided to the Customer and subsequently terminate this agreement.
If any or all of the Prohibited Trading Practices are carried out on one or more Horizon Pips Challenge Accounts of a Customer or on accounts of different Customers, or by combining trading through Horizon Pips Challenge Accounts and any Horizon Pips Accounts, The Provider is entitled to cancel all Services and terminate all relevant contracts in respect of all Horizon Pips Challenge Accounts of the Customer. The Provider may take any actions set forth in Section 13.2 and this Section 13.3 at its sole discretion.
- If The Provider’s Trader accounts are used for or involved in the prohibited trading practices, this may also constitute a violation of the respective terms and conditions for The Provider’s Trader third-party accounts and may result in the cancellation of all such user accounts and termination of the respective agreements by the third-party provider.
- If the Customer repeatedly engages in any of the practices described in Article 13.1, and The Provider has previously notified the Customer thereof, The Provider may deny the Customer access to all or part of the Services, including access to the Dashboard and the Trading Platform, without any compensation. In such a case, the Customer shall not be entitled to a refund of the fees paid.
- The Provider shall not bear any responsibility for trading or other investment activities that the Customer performs outside the relationship with The Provider, e.g., by using data or other information from the Customer Portal, the trading platform, or in any other way in connection with the services in real trading on the financial markets, even if the Customer uses the same trading platform for such trading that it uses for demo trading. This shall also apply in particular to any services of third parties which the customer uses via the platform.
Section 14 - Limitation of Liability; Disclaimer of Warranties
Provider does not promise, represent or warrant that Customer’s use of the service will be error-free, timely, secure or uninterrupted. Provider does not warrant that the results obtained from the use of the service will be accurate or reliable. The Customer acknowledges that the Provider may suspend the service for indefinite periods or terminate the service at any time, with or without notice to the Customer. The Customer expressly agrees that the use or inability to use the service is at the Customer’s own risk.
The service and all products and services delivered to Customer through Provider’s service are provided “as is” and “as available” for Customer’s use, without any representation, warranty or condition of any kind, either express or implied, including all implied warranties or conditions of merchantability, merchantable quality, fitness for a particular purpose, durability, title and non-infringement.
In no event shall Provider and its directors, officers, employees, affiliates, agents, contractors, grantees, suppliers, service providers or licensors be liable for any injury, loss, claim or any direct, indirect, incidental, punitive, special or consequential damages of any kind, including, without limitation, lost profits, lost revenues, lost savings, lost data, replacement costs or any similar damages, whether based in contract, tort (including negligence), strict liability or otherwise, arising out of Customer’s use of the service or any product obtained through the service, or for any other claim related in any way to Customer’s use of the service or any product, including, without limitation, any errors or omissions in any content, or any loss or damage of any kind incurred as a result of the use of the service or any content (or product) posted, transmitted or otherwise made available through the service, even if advised of their possibility.
Because some states or jurisdictions do not allow the exclusion or limitation of liability for consequential or incidental damages, in such states or jurisdictions, Provider’s liability shall be limited to the maximum extent permitted by law.
Section 15 - Indemnification
Customer agrees to indemnify, defend and hold harmless Provider, together with its parent, subsidiaries, affiliates, partners, officers, directors, agents, contractors, licensors, service providers, subcontractors, suppliers, interns and employees, harmless from any claim or demand, including reasonable attorneys’ fees, made by any third-party due to or arising out of Customer’s breach of these Terms of Service, the documents incorporated by reference or Customer’s violation of any law or the rights of a third-party.
Section 16 - Divisibility
In the event that any provision of these Terms of Service shall be deemed unlawful, void or unenforceable, such provision shall be enforceable to the maximum extent permitted by law. The unenforceable portion shall be deemed severable from these Terms of Service, without affecting the validity and enforceability of the remaining provisions.
Section 17 - Termination
Obligations and liabilities arising prior to the date of termination shall survive the termination of this contract for all purposes. These Terms of Service are effective unless and until terminated by either the Customer or the Supplier. The Customer may terminate these Terms at any time by notifying the Supplier that it no longer wishes to use the Services or when it ceases to use the Site.
The Provider may terminate this Agreement at any time without notice if, in its sole discretion, the Client is in breach of any term or provision of these Conditions. Upon termination, Customer shall remain liable for all amounts due up to and including the date of termination, and Provider may deny Customer access to the Services.
Negotiation Guidelines
Costs: All costs related to the provision of services by the Provider are the responsibility of the Provider.
Applicable Rules: The terms described in FAQ/Rules govern Horizon Pips Challenge accounts.
Modification by Add-ons and Special Offers: Add-ons and Special Offers selected during the Horizon Pips Challenge may modify the trading guidelines in this section. These modifications will override the standard guidelines for their duration.
Violation of the restrictions mentioned in the Q&A section will result in immediate closure of positions on the trading platform, and the Client’s account may be banned. In such a case, the Provider reserves the right to terminate this Agreement.
Section 18 - Refund Policy
Request for termination by the Customer: The Customer who wishes to terminate his Customer Section must send a request to Support@horizonpips.com. Such request constitutes a desire to terminate the contractual relationship, resulting in loss of access to all Services, including the Customer Section and the Trading Platform. The Supplier shall confirm receipt of the request by e-mail, formally terminating the contract. In these circumstances, the Customer forfeits any right to refund any fees or other expenses previously paid.
Repeated violations: In case the Customer persists in any prohibited practice after a warning, the Provider may restrict access to all Services without compensation. In such cases, the fees paid shall not be reimbursed.
Activation of Services: When paying the Horizon pips Challenge program fee, the Customer will receive the login data. By performing the first transaction, the Customer acknowledges and agrees that the Provider will complete the Services before the end of the withdrawal period, waiving the right of withdrawal from the contract.
Non-activation: If the Customer does not activate Horizon pips Challenge within 30 calendar days, access will be suspended. The renewal of access can be requested by email to support@horizonpips.com subject to the applicable conditions.
Disputes and Chargebacks: In the event of an unjustifiable fee dispute or chargeback by the Customer, the Provider reserves the right to cease services and deny future services at its discretion.
Refunds: The refund request must be made within 7 days of registration if no commercial activity has occurred. Once the negotiation begins, the rates will not be refundable, without possibility of full or partial reimbursement.
Section 19 - Full Agreement
The Provider’s decision not to exercise or enforce any right or provision of these Terms of Service shall not be deemed a waiver of such right or provision. Any waiver of rights under these Terms of Service will only be effective if made in writing and signed by the Provider. These Terms of Service, together with any policy or operating policy posted by the Provider on this site or in connection with the Service, constitute the full and exclusive understanding and agreement between the Customer and the Provider. This agreement governs the use of the Service by the Customer and cancels all prior or contemporaneous agreements, communications and proposals, whether oral or written, between the Customer and the Supplier (including, but not limited to, previous versions of the Terms of Service). In the event of any ambiguity or doubt about intent or interpretation, it shall be resolved in a neutral manner and not automatically against the drafting party. This approach does not override any statutory rights that the Customer may have under applicable consumer protection laws that are not subject to contractual waiver.
Section 20 - Applicable Law
These Terms of Service, as well as any additional agreement under which the Provider provides services to the Customer, shall be governed by and construed in accordance with the Customer’s legal jurisdiction.
Section 21 - Local Law
The Counterparty is advised to be aware of and comply with all local laws and regulations relating to its participation in the Horizon Pips Challenge. You acknowledge that you participate in the Service at your own risk and assume full responsibility for your participation. By using the Service, the Customer states that he is over 18 years old and acknowledges that the Supplier is not responsible for any action taken by the Customer that may violate local laws. Such violations are the sole responsibility of the Customer.
Section 22 - Changes in conditions of service
The Customer’s legal jurisdiction governs and is interpreted in accordance with these Terms of Service and any other agreement by which the Provider provides the Customer Services.