Affiliate Terms and Conditions
This Affiliate Agreement (the “Agreement”) is entered by and between Margex Trading Solutions LTD, a company registered in Seychelles (hereinafter referred to as the “Company”) and a natural or legal person, who has opened an account with the Company and started sharing a personal referral link (hereinafter referred to as the “Partner”). The Company and the Partner are sometimes referred to herein individually as a “Party” and collectively as the “Parties”.
By sharing the personal referral link, the Partner agrees and confirms that all terms and conditions of this Agreement have been read, understood and accepted in full.
This Agreement comes into force on the date when a partner’s account is opened at margex.com.
In accordance with the terms and conditions of this Agreement the Partner undertakes the responsibility to search and attract clients to open trading accounts with the Company. Referral is a new user who completes registration and opens a trading account at Margex.com through a Partner’s referral link.
In order to register through a Partner’s referral link, a record containing the Partner’s code is created in the client’s cookies. Margex.com uses a "last cookie wins" principle, which has a duration set to a maximum of 30 days.
In case of a missing referral code in the client's cookies, upon registering the client can manually insert a referral code.
The Company undertakes the responsibility to pay for the Partner's services on the terms and conditions set out in this Agreement.
In order to open a partner account with the Company, the Partner has to complete registration at: margex.com
All commissions are accrued and paid out in the same cryptocurrency that was used as margin in the corresponding transactions by the Referral.
At its sole discretion, the Company reserves the right to reject the Partner’s participation in the referral program for any reason and without providing any further detail as to the reason(s) of the application rejection.
Natural or legal persons being citizens or residents of any of the sanctioned countries are not eligible to participate in the Affiliate Program of the Company.
The Partner has the responsibility to:
provide reliable, accurate and relevant personal details in the application form, as well as copies of the required identification documents (by request);immediately notify the Company in the event of any changes in the personal data previously provided;have knowledge about financial markets in general and services provided by the Company;ensure confidentiality of all information obtained through the Affiliate Program;immediately inform the Company about all the facts or circumstances that become known to the Partner and may lead to adverse effects to the Company’s reputation or financial stability;promptly provide the Company with any additional information or documents that might be required in order to comply with applicable laws and regulations.
The Company has the right to:
monitor the Partner's activities and marketing methods;at its sole discretion accept or decline any client referred by the Partner;cancel completely or partially the Partner's commissions for transactions performed by the clients referred through the affiliate program if:the quality of the traffic directed by the Partner is not high;trading accounts of the referred clients have been blocked due to the violations of the terms and conditions of the Client Agreement;close the partner account and cancel all commissions accrued if:the Company suspects or has reasons to believe that a referred client has abused the trading account or acted in bad faith;the Company, at its sole discretion, determines that the Partner uses the partner account for any illegal, fraudulent or suspicious schemes;the Partner violates the terms and conditions of this Agreement.The Company reserves the right to use advertising created by partners within the scope of distributing its referral link for marketing purposes, including targeted mailings, and posts on social networks, as well as referring to such advertising and the partners on whose behalf it was created.
The Company has the responsibility to:
provide comprehensive information support to the Partner;open trading accounts with the Company for the clients referred by the Partner in accordance with the Company’s Terms and Conditions;promptly inform the Partner if there are any significant changes in the Company’s operations;
Under no circumstances will the Company be held liable for:
any act, committed by the Partner, that violates the terms and conditions of this Agreement or exceeds the authority granted by the Company to the Partner under this Agreement;any immaterial (moral) damages incurred by the Partner;any damages or losses caused by the Partner to any third party;any advice or recommendation provided by the Partner to the referred client;any costs or charges related to marketing or promotions initiated by the Partner.
Commissions and Payment Terms
The Partner will be entitled to receive the commissions only if the referred clients have been verified by the Company and real trading accounts have been opened with the Company.
Commission defined by this Agreement is the only type of commission the Partner is entitled to receive and the Partner cannot claim any other commission unless otherwise agreed between the Parties in writing.
The Partner’s commission is calculated and accrued based on one of the below described model:
The Partner receives a fixed percentage of the trading fees, which are generated by all the referrals of the Partner.
Generally, Partners are paid at least twice a week:
All payments are made in the same cryptocurrency that was used as margin in the corresponding transactions by the ReferralPartner’s commission is transferred to his personal wallet at Margex.com
Partners who have been removed from the Affiliate Program by the Company or who have voluntarily closed their partner accounts will no longer receive commissions from any referred client.
This Agreement may be amended by the Company from time to time. In such an event, the Company will notify the Partner by email.
Any changes to this Agreement will apply to all transactions performed after the date on which the changes become effective.
If the Partner does not wish to accept the changes made by the Company, the Partner has the right to terminate this Agreement.
This Agreement may be terminated by either Party by notifying the other Party in writing no less than five business days prior to the termination.
The Company reserves the right to terminate this Agreement if the Partner refers less than 10 clients within 12 months from the date of the partner account opening.
Upon termination of this Agreement, the Partner must return to the Company all materials used to promote the Company’s business. Furthermore, upon termination of this Agreement the Partner must immediately remove any Company’s materials available on the Partner’s website (if any).
Upon termination of this Agreement the Company must pay the Partner any commissions due, provided that the Partner’s commissions have been generated in accordance with the terms and conditions of this Agreement.
The Company reserves the right to immediately terminate this Agreement if the Partner has breached the terms and conditions of this Agreement.
All communication between the Company and the Partner must be in English.
When marketing and promoting the Company’s services, the Partner is prohibited:
- 1.to use spam or bulk emails;
- 2.to use unsolicited commercial emails;
- 3.to provide false or misleading information in order to attract more clients;
- 4.to utilize the Partner’s link to refer their own customer account(s) to receive commission (“self referrals”);
- 5.to use brand keywords (such as "margex", "margex platform", "+margex", Margex brand name with typos, etc) in search engines, such as Google, Yandex, Bing, Yahoo, Baidu;
- 6.to use advertising methods that could harm the reputation of the Company.
All advertising materials (banners, landing pages, reviews, keywords of contextual advertising, etc) must be approved by the Margex support team. In case of using inconsistent advertising materials, the Company has the right to suspend cooperation or block an account.
Should any dispute or disagreement arise in connection with this Agreement, the Parties shall exert every effort to settle such disputes and disagreements through negotiations.
All received complaints shall be acknowledged and investigated by the Company within 10 working days.
Complaints about the terms and conditions of the Company’s Affiliate Program will be neither accepted nor investigated.
This Agreement is an electronic document and does not require to be signed by the Parties.
The Partner is an independent contractor, and nothing in this Agreement will create any partnership, joint venture, agency, franchise, sales representative, or employment relationship between the Partner and the Company.
The Partner does not have any authority to make or accept any offers or representations on behalf of the Company.
This Agreement represents the entire agreement between the Company and the Partner, and shall supersede all prior oral or written agreements and communications between the Parties.
The section headings of this Agreement are for convenience of reference only and shall not be deemed to alter or affect any provision hereof.