General Terms and Conditions
These Fastprop General Terms and Conditions (the “GTC”) govern rights and obligations in connection with the use of services provided by Fastprop (the “Services”), offered mainly through the FastpropFx.com website (the “Website”). Please read these GTC carefully. You are under no obligation to use the Services if you do not agree or understand any portion of these Terms, nor should you use the Services unless you understand and agree to these Terms.
1. INTRODUCTORY PROVISIONS
1.1. These GTC govern your (“you”, “your”,or the “Customer”) rights and obligations in connection with the use of the Services provided by Fastprop (“we”, “our”, or the “Provider”).
1.2. By registering on the Website or, where registration is not required, not later than by your first use of the Services, you are entering into a contract with the Provider, the subject of which is the provision of the Services of your choice. The GTC form an integral part of such a contract and, by executing the contract with the Provider, you express your agreement to these GTC.
1.3. The Services are only intended for persons over the age of 18 residing in the country for which the Services are available. By registering on the Website, you confirm that you are over 18 years of age. If you are under 18 years of age, you may not use the Services. You undertake to access the Services solely from one of the countries for which the Services are available. You acknowledge that your access to and use of the Services may be restricted or prohibited by law in some countries, and you undertake to only access and use the Services in accordance with applicable laws.
1.4. The Services consist of the provision of tools for simulated foreign exchange trading on the FOREX market or trading with other instruments on other financial markets, provision of analytical tools, training and educational materials, and other ancillary services,in particular through the Client Section or by the provision of access to applications provided by the Provider or third parties. Financial market information is used in the simulated trading; however, you acknowledge that any trading that you perform through the Services is not real. You also acknowledge that the funds provided to you for demo trading are fictitious and that you have no right to possess those fictitious funds beyond the scope of their use within the Services, and in particular that they may not be used for any actual trading and that you are not entitled to the payment of those funds. Unless expressly agreed otherwise, you will not be paid any remuneration or profits based on the results of your simulated trading, nor will you be required to pay any losses.
1.5. None of the services provided to you by the provider can be considered investment services in accordance with applicable laws. The provider does not give or provide to you any guidance, instructions, or information about how or in which manner you should perform transactions when using the services or otherwise, or any other similar information about the investment tools traded, nor does the provider accept any such guidance, instructions, or information from you. None of the services constitute investment advice or recommendations. No employees, staff, or representatives of the provider are authorized to provide investment advice or recommendations. Should any information or statement of any employee, staff, or representatives of the provider be interpreted as investment advice or recommendations, the provider explicitly disclaims that the same is investment advice or recommendations and shall not be responsible for them.
1.6. Your personal data is processed in accordance with the Privacy Policy.
1.7. The meaning of the definitions, expressions,and abbreviations used in these GTC can be found in clause 18.
2. SERVICES AND THEIR ORDER
2.1. You can order the Services through the Website by completing the appropriate registration or order form. After registration, we will email you the login details for the Client Section and/or Trading Platform and allow you to access them.
2.2. The Services include, among other things, the Free Trial, Fastprop Trading Challenge, and Verification products; these products may differ in the scope of the Services provided (e.g., by analytical tools available to the Customer). With the Free Trial, you may use some of the Services within a limited options for 3rd party brokerage and trading platforms, scope and for a limited period of time free of charge. Completing the Free Trial does not entitle you to access any other Services.
2.3. All data that you provide to us through the registration or order form, the Client Section,or otherwise must be complete, true, and up-to-date. You must immediately notify us of any change in your data or update the data in your Client Section. The Customer is responsible for all the provided data being accurate and up-to-date; the Provider is not obligated to verify the data.
2.4. You acknowledge that if you provide an identification number, tax registration number or other similar information in the registration or order form or in the Client Section, or if you state that you are a legal entity, you will be considered as an entrepreneur(trader) for the purposes of these GTC and when using the Services, and the provisions of these GTC or the applicable law that grant rights to consumers will not apply to you.
2.5. The fee for the Fastprop Trading Challenge varies according to the option selected and depends on the amount of the initial capital, the degree of the acceptable risk, the parameters that must be fulfilled so that the conditions of the Fastprop Trading Challenge and the subsequent Verification are met, and possibly other configurations. More detailed information on individual options and fees for those options are provided on our Website here FastpropFX.com and on the Client Section. The final fee will be determined based on the option you select when completing the form for ordering the Fastprop Trading Challenge. The Provider reserves the right to also provide the Services under individually agreed conditions. All individually agreed conditions shall be determined by the Provider at its own discretion. Individual discounts and other benefits may not be combined, unless expressly stipulated otherwise by the Provider.
2.6. The fee is paid for allowing you to access the Fastprop Trading Challenge, or the Services provided under the Fastprop Trading Challenge. The Customer is not entitled to a refund of the fee, for example, if the Customer cancels the Customer’s Client Section or requests the cancellation by email, if the Customer terminates the use of the Services prematurely (for example, fails to complete the Fastprop Trading Challenge or the Verification), fails to meet the conditions of the Fastprop Trading Challenge or the Verification, or violates these GTC.
2.7. If the Customer lodges an unjustifiable complaint regarding the paid fee or disputes the paid fee with the Customer’s bank or payment service provider (e.g. through chargeback services, dispute services, or other similar services), on the basis of which an annulment, cancellation or refund of the fee or any part thereof is requested, the Provider is entitled, at its own discretion, to stop providing to the Customer any services and refuse any future provision of any services.
2.8. Your choice of the option of the Fastprop Trading Challenge that you select when making an order shall also apply to the subsequent Verification. You will start the subsequent Verification and, possibly, other products related thereto, with the parameters and the same currency that correspond to the option of the Fastprop Trading Challenge selected by you. Once you make a selection, it is not possible to change it. If you are ordering a new Fastprop Trading Challenge, the restrictions specified in clause 2.8 shall not apply.
2.9. The Provider reserves the right to unilaterally change the fees and parameters of the Services at any time, including the parameters for their successful completion. The change does not affect the Services purchased before the change is notified.
2.10. Any data entered in the order form can be checked, corrected, and amended until the binding order of the Services. The order of the Services of your choice is made by submitting the order form. The Provider will immediately confirm the receipt of your order to your email address. In the case of the Fastprop Trading Challenge, the order is completed upon the payment of the fee for the selected option (more on this in clause 3.4), whereby the contract between you and the Provider is executed, the subject of which is the provision of the Fastprop Trading Challenge and, if the conditions of the Fastprop Trading Challenge are met, the Verification. The contract is concluded in English. We archive the contract in electronic form and do not allow access to it. You acknowledge that in order to use our Services, you must obtain the appropriate technical equipment and software, including third-party software (e.g.software for the use of the Trading Platform), at your own risk and expense. The Website is accessible from the most commonly used web browsers. The internet access, purchase of the equipment,and purchase of the web browser and its updates are at your own risk and expense. The Provider does not warrant or guarantee that the Services will be compatible with any specific equipment or software. The Provider does not charge any additional fees for the internet connection.
2.12. You acknowledge that the operators of trading platforms are persons or entities different from the Provider and that their own terms and conditions and privacy policies will apply when you use their services and products. Before sending an order form, you are obligated to read those terms and conditions and privacy policies. 2.13. If the Customer places an unusually large number of orders for the Services within an unreasonably short period of time, the Provider may notify the Customer through the Client Section or email as a protective precaution to mitigate potentially harmful or gambling behaviour of the Customer. If such unreasonable behaviour continues after such notice, we reserve the right to suspend any further orders of the Services by the Customer. If we identify that the unusual behaviour as per this paragraph relates to the Customer’s involvement in Forbidden Trading Practices, we may take respective actions as perceived in Section 5 of this GTC. The Provider reserves the right to determine, at its own discretion, the nature of the behaviour described above and reasonable boundaries for such determination.
3. PAYMENT TERMS
3.1. The amounts of fees for the Fastprop Trading Challenge options are in USD. The fee can also be paid in other currencies that are listed on the Website. The Customer acknowledges that if the payment is made in a currency other than the one the Customer has chosen on the Website, the amount will be converted according to the current exchange rates valid at the time of payment.
3.2. Service charges are inclusive of all taxes. If the Customer is an entrepreneur(trader), he is obliged to fulfill all his tax obligations in connection with the use of our Services in accordance with applicable law, and in the event of an obligation, he is obliged to pay tax or other fees properly.
3.3. You can pay the fee for the selected option of the Fastprop Trading Challenge by a payment card, cryptocurrency or using other means of payment that the Provider currently offers on the Website.
3.4. In the event of payment by a payment card or via any other express payment method, the payment shall be made immediately. The fee is considered paid when its full amount is credited to the Provider’s account. If you do not pay the amount on time, the Provider is entitled to cancel your order. Customer bears all fees charged to Customer by the selected payment service provider (according to the valid price list of the payment services provider) in connection with the transaction and the Customer is obliged to ensure that the respective fee for the selected Fastprop Trading Challenge is paid in full.
CLIENT SECTION
4.1. Only one Client Section is permitted per Customer and all of the Customer’s Services must be maintained in the Client Section.
4.2. The total number of Fastprop Trading Challenges and Verifications per one Client Section may be limited depending on the total sum of the initial capital amounts of the products ordered by the Customer or on the basis of other parameters. Unless the Provider grants an exception to the Customer, the initial capital amounts may not be transferred between the individual products or mutually combined. You may also not transfer or combine your performance, Service parameters, data or any other information between the products.
4.3. Access to the Client Section and Trading Platform is protected by login data, which the Customer may not make available or share with any third party. If the Customer has registered as a legal entity, the Customer may allow the use of the Services through the Customer’s Client Section to the Customer’s employees or other authorized employees and representatives. The Customer is responsible for all activities that are performed through the Customer’s Client Section or Trading Platform. The Provider bears no responsibility, and the Customer is not entitled to any compensation, for any misuse of the Client Section, Trading Platform,or any part of the Services, nor is the Provider responsible for any negative consequences thereof for the Customer, if such misuse occurs for any reasons on the part of the Customer.
4.4. The Customer acknowledges that the Services may not be available around the clock, particularly with respect to maintenance, upgrades, or any other reasons. In particular, the Provider bears no responsibility, and the Customer is not entitled to any compensation, for the unavailability of the Client Section or Trading Platform and for damage or loss of any data or other content that you upload, transfer or save through the Client Section or Trading Platform.
4.5. The Customer may at any time request the cancellation of the Client Section by sending an e-mail to FastpropFX@gmail.com. Sending a request for the cancellation of the Client Section is considered as a request for termination of the contract by the Customer, with the Customer being no longer entitled to use the Services, including the Client Section and Trading Platform. The Provider will immediately confirm the receipt of the request to the Customer by email, whereby the contractual relationship between the Customer and the Provider will be terminated. In such a case, the Customer is not entitled to any refund of the fees already paid or costs otherwise incurred.
5. RULES OF DEMO TRADING
5.1. During the demo trading on the Trading Platform, you may perform any transactions, unless these constitute forbidden trading strategies or practices within the meaning of clause 5.4. You also agree to follow good market standard rules and practices for trading on financial markets (e.g. risk management rules). Restrictions may also be imposed by the trading conditions of the Trading Platform that you have selected for trading.
5.2. You acknowledge that the Provider has access to information about the demo trades that you perform on the Trading Platform. You grant the Provider your consent to share this information with persons/entities who are in a group with the Provider or who are otherwise affiliated with the Provider, and you grant the Provider and these persons/entities your consent and authorization to handle this information at their own will. You agree that these activities may be performed automatically without any further consent, consultation, or approval on your part being necessary, and that you are not entitled to any remuneration or revenue associated with the use of the data by the Provider. The Provider is aware that you do not provide the Provider with any investment advice or recommendations through your demotrading. You acknowledge that you may suspend your demo trading on the Trading Platform at any time.
5.3. The Provider bears no responsibility for the information displayed on the Trading Platform, nor for any interruption of, or delay or inaccuracy in the market information displayed through your Client Section.
5.4. FORBIDDEN TRADING PRACTICES 5.4.1. During the demotrading, it is prohibited to: a) knowingly or unknowingly use trading strategies that exploit errors in the services such as errors in display of prices or delay in their update; b) perform trades using an external or slow data feed; c) perform, alone or in concert with any other persons, including between connected accounts, or accounts held with different Fastprop entities, trades or combinations of trades the purpose of which is to manipulate trading, for example by simultaneously entering into opposite positions; d) perform trades in contradiction with the terms and conditions of the provider and the trading platform; e) use any software, artificial intelligence, ultra-high speed, or mass data entry which might manipulate, abuse, or give you an unfair advantage when using our systems or services; or f) otherwise perform trades in contradiction with how trading is actually performed in the Forex market or in any other financial market, or in a way that establishes justified concerns that the provider might suffer financial or other harm as a result of the customer’s activities. 5.4.2. The Provider reserves the right to determine, at its own discretion, whether certain trades, practices, strategies or situations are Forbidden Trading Practices.
5.5. If the Customer engages in any of the Forbidden Trading Practices described in clause 5.4, (i) the Provider may consider it as a failure to meet the conditions of the particular Fastprop Trading Challenge or Verification, (ii) the Provider may remove the transactions that violate the prohibition from the Customer’s trading history and/or not count their results in the profits and/or losses achieved by the demo trading, or (iii) to immediately cancel all Services provided to the Customer and subsequently terminate this Agreement.
5.6. In case when some or all Forbidden Trading Practices are executed on one or more Fastprop Trading Challenge and Verification accounts of one Customer, or accounts of various Customers, or by combining trading through Fastprop Trading Challenge and Verification accounts and Fastprop Trader accounts, then the Provider is entitled to cancel all Services and terminate all respective contracts related to any and all Customer’s Fastprop Trading Challenge and Verification accounts.The Provider may exercise any and all actions in Clauses 5.5 and 5.6 at its own discretion.
5.7. If any Fastprop Trader accounts were used for or were involved in the Forbidden Trading Practices, this may and will constitute a breach of respective terms and conditions for the Fastprop Trader account with third-party provider and may result in cancellation of all such user accounts and termination of respective agreements by the third-party provider.
5.8. If the Customer engages in any of the practices described in clause 5.4 repeatedly, and the Provider has previously notified the Customer thereof, the Provider may prevent the Customer from accessing all Services or their parts, including access to the Client Section and Trading Platform, without any compensation. In such a case, the Customer is not entitled to a refund of the fees paid.
5.9. The Provider does not bear any responsibility for trading or other investment activities performed by the Customer outside the relationship with the Provider, for example by using data or other information from the Client Section, Trading Platform,or otherwise related to the Services in real trading on financial markets, not even if the Customer uses for such trading the same Trading Platform that the Customer uses for demo trading.
5.10. Developments in financial markets are subject to frequent and abrupt changes. Trading on financial markets may not be profitable and can lead to significant financial losses. Any previous performances and profits of the customer’s demo trading are not a guarantee or indication of any further performance.
6. Fastprop TRADING CHALLENGE AND VERIFICATION
6.1. After paying the fee for the selected option of the Fastpropfx Trading Challenge, the Customer will receive the relevant login data for the Trading Platform at the e-mail address provided by the Customer or in the Client Section. The Customer activates the Fastprop Trading Challenge by opening the first demotrade in the Trading Platform.
6.2. In order for the Customer to meet the conditions of the Fastprop Trading Challenge, the Customer must fulfill all of the following parameters at the same time by the end of the Fastpropfx Trading Challenge:
6.2.1. During the Fastprop Trading Challenge, the Customer has opened at least one demotrade; 6.2.2. In the course of none of the calendar days during the Fastprop Trading Challenge did the Customer report a loss on any demotrades opened and closed on that day, which would exceed the percentage of the initial capital for the respective option.
6.3. If the Customer has met the conditions of the Fastprop Trading Challenge specified in clause 6.2, and at the same time has not violated these GTC, in particular the rules of demo trading under clause 5.4, the Provider will evaluate the Fastprop Trading Challenge as successful and will make the Verification available to the Customer free of charge by sending login details to the Customer’s e-mail address or Client Section. The Customer may request the evaluation of the Fastprop Trading Challenge at any time by sending a request to FastpropFx@gmail.com or via the Client Section. The Provider does not have to evaluate the Fastprop Trading Challenge if the Customer has not closed all trades.
6.3. If the Customer has met the conditions of the Fastprop Trading Challenge specified in clause 6.2, and at the same time has not violated these GTC, in particular the rules of demo trading under clause 5.4, the Provider will evaluate the Fastprop Trading Challenge as successful and will make the Verification available to the Customer free of charge by sending login details to the Customer’s e-mail address or Client Section. The Customer may request the evaluation of the Fastprop Trading Challenge at any time by sending a request to FastpropFx@gmail.com or via the Client Section. The Provider does not have to evaluate the Fastprop Trading Challenge if the Customer has not closed all trades.
6.5. In order for the Customer to meet the conditions of the Verification, the Customer must fulfill all of the following parameters at the same time by the end of the Verification:
6.5.1. During the Verification, the Customer has opened at least one demo trade; 6.5.2. in the course of none of the calendar days during the Verification did the Customer report a loss on any demotrades opened and closed on that day, which would exceed the percentage of the initial capital for the respective option. The above parameters are explained in more detail on the FastpropFx.com Website and Client section
6.6. For the Customer to meet conditions of the Verification, the Customer shall comply with the following: 6.6.1. Customer has met the conditions of the Verification Specified in clause 6.5;
6.6.2. Customer has not violated these GTC, in particular, the rules of demo trading under clause 5.4; and 6.6.3. Customer has not exceeded the maximum total amount of the capital allocation of USD 1,000,000 individually or in combination, per Customer, within the meaning of applicable Fastpropfx Trader Program agreement, if The Customer is already participating in the Fastprop Trader Program.
6.7. If during the Fastprop Trading Challenge the Customer does not comply with some of the conditions specified in clause 6.2, the Fastprop Trading Challenge will be evaluated as unsuccessful and the Customer will not be allowed access to the subsequent Verification. If during the Verification the Customer does not comply with any of the conditions specified in clause 6.5, the Verification will be evaluated as unsuccessful and the Customer will not be recommended as a candidate for the Fastprop Trader Program. In such cases, the Customer’s account and Services will be cancelled without refund of fees already paid.
6.8. Provider recommending Customer as a candidate for the Fastprop Trader Program in no way guarantees Customer’s acceptance into the Fastprop Trader Program. The Provider is not responsible for Customer being rejected by the Fastprop Trader Program for any or no reason.
7. Fastprop TRADER
If the Customer is successful in both the Challenge and Verification, the Customer may be offered a contract by a third-party company, in its sole discretion to participate in the Fastprop Trader Program. The terms, conditions, and agreement between the Customer and a third-party company are strictly between the Customer and the third-party company. Fastprop is in no way involved with the Fastprop Trader Program agreement — or lack thereof — executed between the third-party company and the Customer.
8. USE OF THE WEBSITE, SERVICES AND OTHER CONTENT
8.1. The Website and all Services, including the Client Section, their appearance and all applications, data, information, multimedia elements such as texts, drawings, graphics, design, icons, images, audio and video samples,and any other content that may form the Website and the Services (collectively as the “Content”), are subject to legal protection pursuant to copyright laws and other legal regulations and are the property of the Provider or the Provider’s licensors. The Provider grants you limited, non-exclusive, non-transferable, non-assignable, non-passable, and revocable permission to use the Content for the purpose of using the Services for your personal use and in accordance with the purpose for which the Services are provided. The Content is not sold or otherwise transferred to you and remains the property of the Provider or the Provider’s licensors.
8.2. All trademarks, logos, trade names, and other designations are the property of the Provider or Provider’s licensors and the Provider does not grant you any authorization to use them.
8.3. Both the Customer and the Provider undertake to act in accordance with the principles of fair dealing in the performance of the contract and in mutual negotiations and, in particular, not to damage the good reputation and legitimate interests of the other party. The Customer and the Provider will resolve any possible disagreements or disputes between them in accordance with these GTC and the applicable law.
8.4. Except for the rights expressly set out in these GTC, the Provider does not grant you any other rights relating to the Services and other Content. You may only use the Services and other Content as set out in these GTC.
8.5. When accessing the Services and other Content, the following is prohibited: 8.5.1. to use any tools that may adversely affect the operation of the Website and Services or that would be intended to take advantage of errors, bugs or other deficiencies of the Website and Services
8.5.2. to circumvent geographical restrictions of availability or any other technical restrictions;
8.5.3.to make copies or back-ups of the Website and other Content; 8.5.4. to reverse-engineer, decompile, disassemble or otherwise modify the Website and other Content; 8.5.5. to sell, rent, lend, license, distribute, reproduce, spread, stream, broadcast or use the Services or other Content otherwise than as permitted; 8.5.6. to use automated means to view, display or collect information available through the Website or Services; and 8.5.7. to use any other tools or means the use of which could cause any damage to the Provider. 8.6. The provisions of clause 8 are not intended to deprive the Customer of the Customer’s consumer rights which cannot be excluded by law.
9. DISCLAIMER
9.1. You acknowledge that the services and other content are provided “as is” with all their errors, defects and shortcomings, and that their use is at your sole responsibility and risk. To the maximum extent permitted by the mandatory laws, the provider disclaims any statutory, contractual, express and implied warranties of any kind, including any warranty of quality, merchantability, fitness for a particular purpose, or non-infringement of any rights.
9.2. To the extent permitted by the mandatory provisions of the applicable laws, the provider is not responsible for any harm, including any indirect, incidental, special, punitive or consequential damages, including lost profit, loss of data, personal or other non-monetary harm or property damage caused as a result of use of the services or reliance on any tool, functionality, information or any other content available in connection with the use of the services or elsewhere on the website. The provider is not responsible for any products, services, applications or other third-party content that the customer uses inconnection with the services. In case the provider’s liability is inferred inconnection with the operation of the website or provision of the services by a court of justice or any other competent authority, this liability shall be limited to the amount corresponding to the fee paid by the customer for the services in connection with which the customer has incurred the loss.
9.3. The Provider reserves the right to modify, change, replace, add, or remove any elements and functions of the Services at any time without any compensation.
9.4. The Provider is not responsible for its failure to provide the purchased Services if that failure occurs due to serious technical or operational reasons beyond the Provider’s control, in the case of any crisis or imminent crisis, natural disaster, war, insurrection, pandemic, a threat to a large number of people or other force majeure events, and/or if the Provider is prevented from providing the Services as a result of any obligations imposed by law or a decision of a public authority.
9.5. The provisions of Clause 9 are not intended to deprive the Customer of the Customer’s consumer or other rights that cannot be excluded by law.
10. COMMUNICATION
10.1.You acknowledge that all communication from the Provider or its partners in connection with the provision of Services will take place through the Client Section or your email address, which you register with us. Written electronic communication by email, Live Chat or through the Client Section is also considered to be written communication.
10.2. Our contact e-mail address is FastpropFX@gmail.com .
11. VIOLATION OF THE GTC
11.1. If the customer violates any provision of these GTC in a manner that may cause any harm to the provider, in particular, if the customer accesses the services in conflict with clause 1.3, if the customer provides incomplete, untrue or non-updated information in conflict with clause 2.3, if the customer acts in a manner that may damage the provider’s good reputation, if the customer violates the demo trading rules pursuant to clause 5.4, if the customer acts in conflict with clause 8.3, and/or if the customer performs any of the activities referred to in clause 8.5, the provider may prevent the customer from ordering any other services and completely or partially restrict the customer’s access to all or only some services, including access to the client section and trading platform, without any prior notice and without any compensation.
12. RIGHT TO WITHDRAW FROM A CONTRACT
12.1. If you are a consumer, you have the right to withdraw from a contract without giving a reason within 14 days of its execution (see clause 2.10 for details on the time of execution of the agreement). Please note that if you start performing demo trades before the expiry of the specified time limit, you lose your right to withdraw from the contract.
12.2.Your withdrawal from the contract must be sent to our email address FastpropFx@gmail.com within the specified time limit. We will confirm the receipt of the withdrawal to you in text form without undue delay. If you withdraw from the contract, we will refund you without undue delay (no later than 14 days after your withdrawal from the contract) all fees we have received from you, in the same way in which you paid them.
12.3. The Provider is entitled to immediately withdraw from the Contract in the case of any breach by the Customer specified in Clause 10.
13.DEFECTIVE PERFORMANCES
13.1. If the Services do not correspond to what was agreed or have not been provided to you, you can exercise your rights from defective performance. The Provider does not provide any guarantee for the quality of the services. You must notify us of the defect without undue delay to our email address or to our address listed in clause 11.2. When exercising the rights from defective performance, you may request that we remedy the defect or provide you with a reasonable discount. If the defect cannot be remedied, you can withdraw from the contract or claim a reasonable discount.
13.2. We will try to resolve any complaint you may lodge as soon as possible (no later than within 30 calendar days), and we will confirm its receipt and settlement to you in writing. If we do not settle the complaint in time, you have the right to withdraw from the contract. You can file a complaint by sending an email to our e-mail address FastpropFX@gmail.com.
14.CHANGES TO THE GTC
14.1.The Provider reserves the right to change these GTC at any time with immediate effect for new customers and new orders of the Services placed by existing Customers. The Provider will notify existing Customers of the change to the GTC via the Client Section or by email. The Fastprop Trading Challenge and the subsequent Verification are provided throughout the period of their duration pursuant to the version of the GTC which was valid and effective at the time at which the relevant Fastprop Trading Challenge was ordered.
15. OUT-OF-COURT CONSUMER DISPUTE SETTLEMENT
16.1. Any legal relations established by these GTC or related to them, as well as any related non-contractual legal relations, shall be governed by the laws of the Republic of United States. Any dispute that may arise in connection with these GTC and/or related agreements will fall within the jurisdiction of the United States court having local jurisdiction according to the registered office of the Provider.
16.2. The provisions of clause 16.1 do not deprive the consumers of the protection afforded to them by the mandatory laws of the relevant Member State of the European Union or any other jurisdiction.
17. FINAL PROVISIONS
17.1. The Provider has not adopted any consumer codes of conduct.
17.2. These GTC constitute the complete terms and conditions agreed between you and the Provider and supersede all prior agreements relating to the subject matter of the GTC, whether verbal or written.
17.3. Nothing in these GTC is intended to limit any legal claims set out elsewhere in these GTC or arising from the applicable law. If the Provider or any third party authorized thereto does not enforce the compliance with these GTC, this can in no way be construed as a waiver of any right or claim. 17.4. The Provider may assign any claim arising to the Provider from these GTC or any agreement to a third party without your consent. You agree that the Provider may, as the assignor, transfer its rights and obligations under these GTC or any agreement or parts thereof to a third party. The Customer is not authorized to transfer or assign the Customer’s rights and obligations under these GTC or any agreements or parts thereof, or any receivables arising from them, in whole or in part, to any third party.
17.5. If any provision of the GTC is found to be invalid or ineffective, it shall be replaced by a provision whose meaning is as close as possible to the invalid provision. The invalidity or ineffectiveness of one provision shall not affect the validity of the other provisions. No past or future practice established between the parties and no custom maintained in general or in the industry relating to the subject-matter of the performance, which is not expressly referred to in the GTC, shall be applied and no rights and obligations shall be derived from them for the parties; in addition, they shall not be taken into account in the interpretation of manifestations of the will of the parties.
17.6. The schedules to the GTC form integral parts of the GTC. In the event of a conflict between the wording of the main text of the GTC and any schedule thereof, the main text of the GTC shall prevail.
17.7. Prior to the mutual acceptance of these GTC, the parties have carefully assessed the possible risks arising from them and accept those risks.
18.DEFINITIONS, EXPRESSIONS AND ABBREVIATIONS USED
18.1. For the purposes of the GTC, the following definitions shall have the following meanings:
18.1.1. “Client Section” means the user interface located on the Website;
18.1.2. “Content” means the Website and all Services, including the Client Section, their appearance and all applications, data, information, multimedia elements such as texts, drawings, graphics, design, icons, images, audio and video samples and other content that may form the Website and the Services (as set out in clause 8.1);
18.1.3. “Customer” means the user of the Services (as set out in clause 1.1);
18.1.4. “Fastprop Trading Challenge and Verification account” means trading accounts related to trading education courses provided as part of the Services by the Provider;
18.1.5. “Fastprop Trader account” means a trading account, which relates to the Fastprop Trader program provided by a third-party provider;
18.1.6. “Forbidden Trading Practices” means trading practices strictly forbidden while using our Services and are more detailed in Section 5.4 of these GTC;
18.1.7. “GTC” means these General Terms and Conditions of Fastprop ;
18.1.8. “Provider” means the provider of certain Services (as set out in clause 1.1);
18.1.9. “Schedules” means Schedule 1 and any other Schedules as applicable, which are part of these GTC;
18.1.10. “Services” means the Provider’s services as set out in clauses 1.1 and 1.4;
18.1.11. “Trading Platform” means an electronic interface provided by a third party in which the Customer performs the demotrading; and 18.1.12. “Website” means the website FastpropFx.com and its subdomains.
18.2. For the purposes of the GTC and their schedules, the following expressions and abbreviations shall have the following meanings:
18.2.1. “calendar day” means the period from midnight to midnight of the time currently valid in the United States (Eastern European Summer Time, EST);
18.2.2. “initial capital” means a fictitious amount that the Customer has chosen when selecting the option of the Fastprop Trading Challenge and which the Customer will use to perform demo trading;
18.2.3.“EUR” means the euro; 18.2.5.“USD” means the United States dollar; These GTC were published on 30th Of June and shall enter into force and effect at 00:01 on 01 July, 2023
Fastprop is the trading name of Fastprop,. FastpropFX.com is owned and operated by Fastprop, All content published and distributed by Fastprop and its affiliates (collectively, the “Company”) is to be treated as general information only. None of the information provided by the Company or contained herein is intended as (a) investment advice, (b) an offer or solicitation of an offer to buy or sell, or (c) a recommendation, endorsement, or sponsorship of any security, company, or fund. Testimonials appearing on the Company’s websites may not be representative of other clients or customers and is not a guarantee of future performance or success. Use of the information contained on the Company’s websites is at your own risk and the Company and its partners, representatives, agents, employees, and contractors assume no responsibility or liability for any use or misuse of such information. Trading in financial markets is a high-risk activity and it is advised not to risk more than one can afford to lose! Fastprop does not provide any of the investment services listed in the Capital Market Undertakings Act No. 256/2004 Coll. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local
© 2023-2024 All Rights Reserved by FastproPFX
Protecting your private information is our priority. This Statement of Privacy applies to fastpropFx.com, and fastprop Inc and governs data collection and usage. For the purposes of this Privacy Policy, unless otherwise noted, all references to fastprop include fastpropFx.com and fastprop. The fastprop website is a simulated forex trading site designed to reward retail traders for their talents. By using the fastpropFX website, you consent to the data practices described in this statement.
Collection of your Personal Information
In order to better provide you with products and services offered, Fastpropfx may collect personally identifiable information, such as your:
– First and Last Name– Mailing Address
– E-mail Address– Phone Number
– ID Or Passport Photo For KYCIf you purchase fastprop’s products and services, we collect billing and credit card information. This information is used to complete the purchase transaction. We do not collect any personal information about you unless you voluntarily provide it to us. However, you may be required to provide certain personal information to us when you elect to use certain products or services. These may include: (a) registering for an account; (b) entering a sweepstakes or contest sponsored by us or one of our partners; (c) signing up for special offers from selected third parties; (d) sending us an email message; (e) submitting your credit card or other payment information when ordering and purchasing products and services. To wit, we will use your information for, but not limited to, communicating with you in relation to services and/or products you have requested from us. We also may gather additional personal or non-personal
information in the future.
Use of your Personal Information
fastprop collects and uses your personal information to operate and deliver the services you have requested. Fastpropfx may also use your personally identifiable information to inform you of other products or services available from fastprop and its affiliates.
Sharing Information with Third Parties
fastprop may share data with trusted partners to help perform statistical analysis, send you email or postal mail, provide customer support, or arrange for deliveries. All such third parties are prohibited from using your personal information except to provide these services to fastprop, and they are required to maintain the confidentiality of your information. fastprop may disclose your personal information, without notice, if required to do so by law or in the good faith belief that such action is necessary to: (a) conform to the edicts of the law or comply with legal process served on FastpropFx or the site; (b) protect and defend the rights or property of Fastprop; and/or (c) act under exigent circumstances to protect the personal safety of users of fastprop, or the public.
Tracking User Behavior
Fastprop may keep track of the websites and pages our users visit within Fastprop, in order to determine what fastprop services are the most popular. This data is used to deliver customized content and advertising within fastprop to customers whose behavior indicates that they are interested in a particular subject area.
Automatically Collected Information
Information about your computer hardware and software may be automatically collected by Fastpropfx . This information can include: your IP address, browser type, domain names, access times and referring website addresses. This information is used for the operation of the service, to maintain quality of the service, and to provide general statistics regarding use of the Fastprop website.
Links
This website contains links to other sites. Please be aware that we are not responsible for the content or privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of any other site that collects personally identifiable information.
Right to Deletion
Subject to certain exceptions set out below, on receipt of a verifiable request from you, we will: Please note that we may not be able to comply with requests to delete your personal information if it is necessary to: • Delete your personal information from our records; and • Direct any service providers to delete your personal information from their records. • Complete the transaction for which the personal information was collected, fulfill the terms of a written warranty or product recall conducted in accordance with federal law, provide a good or service requested by you, or reasonably anticipated within the context of our ongoing business relationship with you, or otherwise perform a contract between you and us; • Detect security incidents, protect against malicious, deceptive, fraudulent, or illegal activity; or prosecute those responsible for that activity; • Debug to identify and repair errors that impair existing intended functionality; • Exercise free speech, ensure the right of another consumer to exercise his or her right of free speech, or exercise another right provided for by law; • Comply with the California Electronic Communications Privacy Act; • Engage in public or peer-reviewed scientific, historical, or statistical research in the public interest that adheres to all other applicable ethics and privacy laws, when our deletion of the information is likely to render impossible or seriously impair the achievement of such research, provided we have obtained your informed consent; • Enable solely internal uses that are reasonably aligned with your expectations based on your relationship with us; • Comply with an existing legal obligation; or • Otherwise use your personal information, internally, in a lawful manner that is compatible with the context in which you provided the information.
Collecting information of minors
Fastprop does not knowingly collect personally identifiable information from anyone under the age of 18. You must be 18 years of age or older to sign up at FastpropFx.
E-mail Communications
From time to time, Fastprop may contact you via email for the purpose of providing announcements, promotional offers, alerts, confirmations, surveys, and/or other general communication. If you would like to stop receiving marketing or promotional communications via email from Fastprop, you may opt out of such communications by responding to any of our emails with “Unsubscribe”.
External Data Storage Sites
We may store your data on servers provided by third party hosting vendors with whom we have contracted.
Changes to this Statement
Fastprop reserves the right to change this Privacy Policy from time to time. We will notify you about significant changes in the way we treat personal information by sending a notice to the primary email address specified in your account, by placing a prominent notice on our website, and/or by updating any privacy information. Your continued use of the website and/or Services available after such modifications will constitute your: (a) acknowledgment of the modified Privacy Policy; and (b) agreement to abide and be bound by that Policy.
Contact Information
Fastprop welcomes your questions or comments regarding this Statement of Privacy. If you believe that Fastprop has not adhered to this Statement, please contact Fastprop at: fastpropfx@gmail.com
12. RIGHT TO WITHDRAW FROM A CONTRACT
GTC 12.1. If you are a consumer, you have the right to withdraw from a contract without giving a reason within 14 days of its execution (see GTC clause 2.10 for details on the time of execution of the agreement). PLEASE NOTE THAT IF YOU START PERFORMING DEMO TRADES BEFORE THE EXPIRY OF THE SPECIFIED TIME LIMIT, YOU LOSE YOUR RIGHT TO WITHDRAW FROM THE CONTRACT.
GTC 12.2.Your withdrawal from the contract must be sent to our email address FastpropFX@gmail.com within the specified time limit. We will confirm the receipt of the withdrawal to you in text form without undue delay. If you withdraw from the contract, we will refund you without undue delay (no later than 14 days after your withdrawal from the contract) all fees we have received from you, in the same way in which you paid them.
GTC 12.3. The Provider is entitled to immediately withdraw from the Contract in the case of any breach by the Customer specified in GTC Clause 10.
GTC 13. DEFECTIVE PERFORMANCES
GTC 13.1. If the Services do not correspond to what was agreed or have not been provided to you, you can exercise your rights from defective performance. The Provider does not provide any guarantee for the quality of the services. You must notify us of the defect without undue delay to our email address or to our address listed in GTC clause 11.2. When exercising the rights from defective performance, you may request that we remedy the defect or provide you with a reasonable discount. If the defect cannot be remedied, you can withdraw from the contract or claim a reasonable discount.
GTC 13.2. We will try to resolve any complaint you may lodge as soon as possible (no later than within 30 calendar days), and we will confirm its receipt and settlement to you in writing. If we do not settle the complaint in time, you have the right to withdraw from the contract. You can file a complaint by sending an email to our e-mail address FastpropFX@gmail.com.
GTC 2.6. The fee is paid for allowing you to access the FastpropFX Trading Challenge, or the Services provided under the FastpropFX Trading Challenge. The Customer is not entitled to a refund of the fee, for example, if the Customer cancels the Customer’s Client Section or requests the cancellation by email, if the Customer terminates the use of the Services prematurely (for example, fails to complete the FastpropFX Trading Challenge or the Verification), fails to meet the conditions of the FastpropFX Trading Challenge or the Verification, or violates these GTC.
GTC 2.7. If the Customer lodges an unjustifiable complaint regarding the paid fee or disputes the paid fee with the Customer’s bank or payment service provider (e.g. through chargeback services, dispute services, or other similar services), on the basis of which an annulment, cancellation or refund of the fee or any part thereof is requested, the Provider is entitled, at its own discretion, to stop providing to the Customer any services and refuse any future provision of any services.
GTC 2.8. Your choice of the option of the FastpropFX Trading Challenge that you select when making an order shall also apply to the subsequent Verification. You will start the subsequent Verification and, possibly, other products related thereto, with the parameters and the same currency that correspond to the option of the FastpropFX Trading Challenge selected by you. Once you make a selection, it is not possible to change it. If you are ordering a new FastpropFX Trading Challenge, the restrictions specified in GTC clause 2.8 shall not apply.
GTC 2.9. The Provider reserves the right to unilaterally change the fees and parameters of the Services at any time, including the parameters for their successful completion. The change does not affect the Services purchased before the change is notified.
GTC 4.5. The Customer may at any time request the cancellation of the Client Section by sending an e-mail to FastpropFX@gmail.com. Sending a request for the cancellation of the Client Section is considered as a request for termination of the contract by the Customer, with the Customer being no longer entitled to use the Services, including the Client Section and Trading Platform. The Provider will immediately confirm the receipt of the request to the Customer by email, whereby the contractual relationship between the Customer and the Provider will be terminated. In such a case, the Customer is not entitled to any refund of the fees already paid or costs otherwise incurred.
GTC 6.1. After paying the fee for the selected option of the FastpropFX Trading Challenge, the Customer will receive the relevant login data for the Trading Platform at the e-mail address provided by the Customer or in the Client Section. The Customer activates the FastpropFX Trading Challenge by opening the first demotrade in the Trading Platform.
GTC 15. OUT-OF-COURT CONSUMER DISPUTE SETTLEMENT
GTC 15.1. It is our objective that our customers are satisfied with the Fastprop services; therefore, if you have any complaints or suggestions, we will be happy to resolve them directly with you and you can contact us at our e-mail address or at our address listed in GTC clause 11.2.