Risk Warning and Disclaimer
TERMS AND CONDITIONS OF SOFTWARE PRODUCTS
This document sets out the specific terms and conditions that will apply to you upon the purchase of any of the Software Products (as defined below). Please read the terms and conditions set out in this document carefully.
1 Definitions
The following definitions are applicable to these Terms and Conditions:
1.1 Back-up means the copying of all or part of the Software Product by the Client for the purpose only that it may be used by the Client in lieu of the Software Product originally supplied by the Company and in the event that the original copy is lost, destroyed or rendered unusable;
1.2 Client has the meaning as set out in clause 2.2;
1.3 Company has the meaning as set out in clause 2.2;
1.4 License means the license to use the Software Products granted to the Client upon purchase of the Software Products;
1.5 Software Products means the executable version of the downloadable software products relating to automated trading robots available on the Company’s website and any or all related files which have been installed on the Client’s Specified Machine together with any related material supplied by the Company, including all Updates thereof which includes the following products:
(1) FXR Cows Dex – The All in One Package;
(2) COWS – Cash-Out Wealth Systemn;
(3) Dex900 Down Robot;
(4) Forex Royals Robot (FXR Bot); and
(5) any other software product that the Company offers from time to time,
and Software Product means, as the context requires, any one of them.
1.6 Specified Machine means the computer workstation and/or electronic application/platform, which the Client has designated for the Software Product to be installed and downloaded; and
1.7 Updates means modifications or improvements to the Software Products from time to time, which are subsequently released by the Company but does not include new products.
2 General
2.1 This document constitutes the terms and conditions applicable to the purchase of any of the Software Products (Terms and Conditions).
2.2 The Terms and Conditions govern the relationship between the client who has successfully purchased the Software Product (Client, you or your) and FXR Software Proprietary Limited t/a Forex Royals (Company, we, our, or us).
2.3 By purchasing the Software Products through our website https://forex-royals.com/collections/all, irrespective of whether the Software Product has been installed on your Specified Machine, you confirm that you acknowledge and unconditionally accept, reading and understanding in advance, to be bound by these Terms and Conditions.
2.4 These Terms and Conditions become effective upon purchase of the Software Product, irrespective of whether the Software Product has been installed as yet.
3 Risk Disclaimers
3.1 Trading financial products carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Automated trading programs created by the Software Products carry a particularly high risk due to their ungoverned nature. Any losses or gains made with one of these programs is your own responsibility and the use of these programs is at your own risk.
3.2 The Software Products on this site should not be construed as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services and is only a trading tool. The sale, installation, operations of, and trading activities carried out by, the Software Product does not constitute any financial service, advice and/or intermediation provided or conducted by the Company, and the relevant robots act as such in its stead.
3.3 We offer the Software Products without any knowledge in respect of the level of money that you are trading with, the level of risk you are taking with each trade and your risk appetite, your investment objectives, your level of experience or your own individual financial and personal circumstances and as such selling to you of the software include or constitute any financial advice on our part. We do not have the right to access any of your data. Any Software Product purchased from the Company should be carefully considered by you and a financial professional before undertaking any trading program. Please consider carefully whether such trading is suitable for you in light of your financial condition and the ability to bear financial risks.
3.4 The Company and the Company’s personnel are not liable for any losses incurred or any malfunctions of the Software Products on your trading account. Money lost by a Software Product created by the Company will not be refunded, as we are not liable for the transactions made in your accounts.
3.5 The Company does not guarantee the accuracy, timeliness, completeness or correct sequencing of the Software Product, or warrant any results from your use or reliance on the Software Product so provided or that the Software Product will conform to the specifications contained in the product description on the Company’s website. The trading conditions may quickly change and the trades made by the Software Product may become unreliable for various reasons including, for example, changes in market conditions or economic circumstances. The Company is not required to update any Software Product, and the Company may discontinue offering the Software Product at any time without notice. The Client acknowledges, however, that errors may exist or occur in the Software Products, and the Company and its personnel will bear no liability in this regard.
3.6 The Company makes no warranty whatsoever that any Software Product downloaded and installed onto the Client’s Specified Machine from or through the Company website or elsewhere will be compatible with, or operate without interruption on, the Client’s computer equipment, nor does the Company warrant that the Software Product is or will be uninterrupted, error free or available at all times.
3.7 The use of the Software Product may expose the Client to risks associated with the download and/or use of Software Product that may not be compatible with their computer equipment. The Client hereby agrees to accept such risks, including, but not limited to, failure of or damage to, hardware, software, communication lines or systems, and/or other computer equipment. The Company expressly disclaims any liability with regard to the foregoing, and the Client hereby agrees to fully indemnify, defend and hold harmless the Company from any and all damages, liabilities, losses, costs and expenses that may arise therefrom.
3.8 The Client understands that while the internet is generally reliable, technical problems or other conditions may delay or prevent the Client from accessing its trading account through the Software Products.
3.9 The Company and its personnel shall not be liable for, and the Client agrees not to hold or seek to hold the Company or its personnel liable for any technical problems, system failures and malfunctions, communication line failures, equipment or software failures or malfunctions, system access issues, system capacity issues, high internet traffic demand, security breaches and unauthorised access, and other similar computer problems and defects.
3.10 The Company does not represent, warrant or guarantee that you will be able to access or use the Software Products at times or locations of your choosing.
3.11 The Company does not represent, warrant or guarantee that the Software Product will provide uninterrupted and error-free service. The Company does not make any warranties or guarantees with respect to the Software Product, including without limitation, warranties for merchantability or fitness for a particular purpose.
3.12 Without limiting the foregoing, the Company will not be responsible for an impossibility to execute trading activities and/or transactions and requirements due to failures in the operation of informational systems caused by technical faults, which are beyond its control.
3.13 The Company shall not be liable for the quality, condition or description of the Software Product or for any type of loss of damage of whatsoever nature and howsoever arising.
3.14 Without limiting the generality of the above, the Company shall not be liable for any consequential loss including but not limited to the cost of removal or installation, alternative computer costs, loss of goodwill, or loss of profits incurred through the use of the Software Product.
4 Persons other than the Client using the Software Products
4.1 The Client agrees that the only persons who are permitted to use the Software Product under the Licence including use for Back-Up purposes are the Client and authorised persons carrying out the work for the Client.
4.2 The Client agrees not to sublet or sell the use of the Software Product to any person or sublet time on or charge for access to the Specified Machine for the use of the Software Product to any person, unless the prior consent in writing of the Company has been obtained.
5 Terms of use of the Software Product
5.1 We are only selling the Software Product and do not and will not provide any advice in relation to a transaction, your portfolio or trading strategy in relation to the use of the Software Products. As such, we will not make personal recommendations or advise on the merits of purchasing, selling, or otherwise dealing in particular investments or executing particular transactions, any tax consequences or the composition of any account or any other rights or obligations attaching to such investments or transactions.
5.2 The Client agrees not to copy the Software Product, except for Back-Up purposes for the Client’s trading account.
5.3 Any other act involving copying or reproducing the Software Product is prohibited.
5.4 The Client hereby acknowledges and confirms that it has read, fully understood and is bound by the Terms and Conditions, and is aware of and unconditionally accepts all the risks associated with the purchase and use of any of the Software Products.