ESCOIN TRADE DISCLAIMER
These pages contain information about Escoin Trade services and products. The information contained herein is for informational purposes only and does not constitute a solicitation to buy or sell any goods, securities or investments, nor should it be relied upon in making any investment decision. Escoin Trade does not guarantee the accuracy or completeness of the information or analysis provided. Escoin Trade shall not be liable to Customer or any third party for the accuracy of any information or market quotations provided to Customer through this Service, for any delays, inaccuracies, errors, interruptions or omissions in the provision of such information, for any direct or consequential damages resulting from such delays, inaccuracies, errors, interruptions or omissions, or for the discontinuance of the Service. Escoin Trade assumes no responsibility or liability for the content of any other website, whether or not linked to this website, or for any consequences resulting from the use of the content of any other website.
Foreign exchange trading and investments in derivatives (e.g. CFDs) can be highly speculative and can lead to losses as well as profits. Trading in foreign exchange and derivatives is not suitable for many citizens and only risk capital should be used. This website does not take into account the particular investment objectives, financial situation or specific requirements of individual users. You should carefully consider your financial situation and consult your financial advisor before making any investment or entering into any transaction.
Contracts for Difference or CFDs are an agreement between the client and Escoin Trade (Company) that they will make up the difference between the opening price of a position in stocks, indices or commodities and the closing price when the contract is entered into. The amount of profit or loss made with a CFD is equal to the difference between the price of the underlying of the index at the opening of the CFD and the price of the underlying of the index at the closing of the CFD, multiplied by the number of index or commodity CFDs.
A long position CFD means that the client buys CFDs on the market to sell them at a higher price and makes a margin payment. In this situation, the client is identified as the one who bought the indices or commodities (i.e. the long party), and the company is identified as the short party.
If the client is the long party, it will generally make a profit if the price of the underlying index or commodity increases while the position CFD is open. Conversely, if the price of the underlying index or commodity falls while the CFD position is open, the client will generally make a loss. The client may lose up to the total value of the underlying at the time of purchase multiplied by the number of index CFDs. The Customer’s potential losses may therefore exceed the total value of the initial margin (and any additional margin funds) deposited by the Customer with the Company, and the Company may be forced to close out the Customer’s positions at the worst possible time.
A short position CFD means that the Customer sells the CFDs on the market in order to buy them back at a lower price and makes a margin payment. In this situation, the client is identified as the party that sold the shares or indices (i.e. the short party) and the Company is identified as the long party.
When the customer is the short party, the customer generally makes a profit when the price of the underlying index or commodity falls while the position CFD is open. Conversely, if the price of the underlying index or commodity rises while the CFD position is open, the client generally makes a loss. Theoretically, there is no limit to how far the market value of the underlying can rise. Therefore, the client’s potential losses are also unlimited.
Due to existing market conditions, the Client may not be able to sell a CFD even if such CFD is usually offered by the Company or, if the Client has already sold a CFD, the Company may force the Client to close its position.
Escoin Trade reserves the right to increase spreads or margin requirements and to take action to implement procedures or restrictions that Escoin Trade, in its sole discretion, deems appropriate at any time.
The Escoin Trade website can be accessed worldwide. However, the securities or financial instruments described may not be legal for all investor groups in all jurisdictions or access to such websites may be subject to legal restrictions. This website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. The Content is based on information obtained from sources believed to be reliable, but is not guaranteed to be accurate nor does it constitute a complete statement or summary of the markets or developments referred to in the Content. Such information should not be relied upon by recipients as a substitute for the exercise of their own judgment. Escoin Trade is under no obligation to update or keep current the information contained herein. Spot foreign exchange transactions, options, derivative products and forward contracts are not suitable for all investors and trading in these instruments is considered risky.
The Escoin Trade website has been translated into several languages to provide additional convenience to the customer. In the event of any inconsistency between the original English content of the Website and any translation of the Website into other languages or any other translated communication from Escoin Trade, the English version shall prevail.
NO WARRANTY
The information and materials contained on this website, including text, graphics, links or other items, are provided “as is” and “as available”. Escoin Trade does not warrant the accuracy, adequacy or completeness of such information and materials and expressly disclaims liability for errors or omissions in such information and materials. No implied, express or statutory warranties, including but not limited to warranties of non-infringement, title, merchantability, fitness for a particular purpose and freedom from computer virus, are made in connection with the information and materials. No part of this content may be reproduced or distributed via the Internet or otherwise without written permission of the provider. Escoin Trade assumes no liability for any actions of third parties in this regard.
LIMITATION OF LIABILITY OF
In no event shall Escoin Trade be liable for any damages, including without limitation, direct or indirect, special, incidental or consequential damages, losses or expenses arising in connection with this website or any website linked to this website or the use thereof or the inability to use by any party or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus, or line or system failure, even if Escoin Trade or its agents have been advised of the possibility of such damages, losses or costs. In addition, by accessing this Site, the User does not become a customer of Escoin Trade, and Escoin Trade owes no duties or responsibilities to the User as a result.
Suitability and adequacy
In order to assess the suitability of investment advice, the client’s knowledge and experience of financial instruments and investments and other client information is obtained. The suitability of proposed client transactions involving complex investment products is also assessed.
These suitability and appropriateness tests help us understand the financial profile and needs of our clients and provide them with suitable/appropriate services and/or products.
ADDITIONAL CONDITIONS
Certain sections or pages on this website may contain separate terms and conditions that are in addition to these terms and conditions. In the event of a conflict, the additional terms for those sections or pages will govern.
APPLICABLE LAW
Use of this website is subject to all applicable laws of the Estonia.