Live Account

THIS terms of service Agreement (the "Agreement"), is made and entered, by and between

Instant Web-Net Technologies Limited, incorporated in the Federal Republic of Nigeria with its registered office at Block 1A Plot 8, Diamond Estate, Isheri Olofin, Lagos, ("IWNTL")

and

Any person ("The Client"), who has visited https://7bforex.ng ("The Website") for the purpose of using any of the services provided by IWNTL through The Website.

WHEREAS IWNTL provides account opening, deposit assistance, withdrawal assistance and client support services to clients of 7B Forex Limited, resident in Nigeria

WHEREAS The Client identifies as a Client of 7B Forex Limited having entered into The Client Agreement and having agreed to The Privacy Policy of 7B Forex Limited; and

WHEREAS The Client desires to from to time, use the services provided by IWNTL through The Website.

NOW THEREFORE, the parties agree as follows:

1. IWNTL
   1. IWNTL provides account opening, deposit assistance, withdrawal assistance and client support services to clients of 7B Forex Limited, resident in Nigeria.
   2. IWNTL is an Introducing Broker / Partner of 7B Forex Limited.
   3. IWNTL is not a financial or investment institution and does not provide brokerage, dealing or investment services.
   4. Brokerage services available through The Website are solely provided by 7B Forex Limited, registered with the FSC in Saint Vincent and the Grenadines.
   5. IWNTL does not offer any accounting, legal or investment advice.
2. THE CLIENT
   1. To qualify to use any of the services provided by IWNTL on The Website, The Client is deemed to be a legitimate client of 7B Forex Limited.
   2. The Client must be a resident of Nigeria.
   3. The Client is fully aware of the risks involved in trading forex and indemnifies IWNTL from all losses, financial or otherwise, that may arise from use of the7B Forex platform.
   4. The Client has read and agreed to all the terms and agreement guiding the opening and operation of a 7B Forex trading account.
   5. By creating a profile on The Website and using any of the services provided, The Client agrees to be bound fully by the entire provisions of the Agreement.
3. GENERAL TERMS OF USE
   1. Deposit orders will be processed and completed within five minutes to 24 hours during normal work hours.
   2. Withdrawal orders will be processed and completed within five minutes to 72 hours during normal work hours.
   3. Normal work hours will be 9am to 5pm, Monday to Friday.
   4. During weekends and public holidays, deposit and withdrawal orders may still be processed but may be considerably slower that during normal work hours.
   5. The Client shall only use the deposit and withdrawal services provided by The Website for the legitimate purpose of making deposit and withdrawal to or from The Client’s legitimate 7B Forex trading accounts.
   6. Third party transactions are not allowed.
   7. The Client shall not use any of the services provided by IWNTL for any illegal, fraudulent or malicious purpose including money laundering, internet scam, advance fee fraud and any other unauthorized purpose.
   8. Any illegal, fraudulent or malicious use of The Website or any information in possession of The Client obtained in the course of using The Website, by The Client shall be reported to the appropriate law enforcement agents and prosecuted to the full extent of the law.
   9. The Client may terminate his use of The Website at any time.
   10. IWNTL reserves the right to request for additional documentation as it may deem fit, from the Client before an order is completed.
   11. IWNTL may refuse use of The Website to The Client at any time, with or without notice or explanation.
   12. The Agreement shall be subject to the laws of the Federal Republic of Nigeria.
   13. IWNTL reserves the right to make amendments to The Agreement at any time, without notice to The Client and it shall become binding to The Client immediately it is posted on The Website.

General Provisions

This agreement is made between 7B Forex Limited, Reg Number IBC24499 with registered address at Suite 305, Griffith Corporate Centre, St. Vincent and the Grenadines. (hereinafter - the Company), and any person (hereinafter - the Client) who fills out the registration form to open an account on any or all of the listed websites https://7Bforex.com, https://7Bforex.ng (hereinafter - the Website) for the opportunity to use services of the Website according to the terms and conditions of this agreement (hereinafter - the Agreement).

The Client accepts the Agreement by registering and creating an account on the Website. Acceptance of the Agreement implies full unconditional acceptance of the conditions of the Agreement by the Client. In the event of any conflict between the English version of this Agreement and the texts in other languages, the English version shall prevail.

Terminology

Financial instruments - exchange indices, shares, commodities, and currency pairs which are available for trading.
Balance - the account balance, which is available after carrying out the last transaction.
Asset - the object of a trading operation, which is based on a change in value during a predetermined period of time.
Account currency - the currency an account is denominated in e.g Naira, Cedi, Dollar.
Open position - a transaction with a purchased asset before its expiration.
Trade - the acquisition (purchase) of an asset.
Trading activity - the operations the Client performs when depositing funds into a real account and conducting trading operations on the Client's real account.

1. Registration of the Client and collection of the Client's data
   1. By registering on the Website, the Client agrees to the processing of their personal data in accordance with the Privacy Policy. This processing is carried out for the purpose of providing services under the Agreement, as well as for the ease of use of the platform, prompt communication with the Client, protection of the Client's funds and prevention of fraud. This consent is valid for an unlimited period of time and can be withdrawn by sending a respective request to support@7bforex.com.
      The process of collecting Client's personal data by the Company consists of collecting information about the Client's name, surname, phone number, physical address and e-mail address, as well as collecting the data from cookies to gather statistics on the Client's interactions with the Website. All personal data provided to the Company by the Client is considered confidential and can be disclosed to third parties only with the consent of the Client.
   2. The Client registration procedure consists of two stages:
      - The procedure of Client registration on the Website of the Company;
      - The procedure of verifying identity and the information specified during registration.
   3. The Client registration procedure is mandatory for the Company's Clients.
   4. To complete the Client's registration on the Company's Website, it is necessary to perform the following steps:
      - enter personal and contact details;
      - accept the terms of this Agreement and its annexes.
   5. The procedure of identity and data verification is done by the Company to verify the correctness and completeness of the information specified by the Client during registration. To perform this procedure, the Company has the right to demand documents to prove or verify the following to be provided by the Client:
      - Identity, photograph image, phone, email address, signature and address verification.
      
      In addition, the Company is entitled to demand copies of recent utility bills, bank statements, signatures, Passport photographs, International ID cards, scanned copies of bank cards, as well as any other document if the documents above are not sufficient to fully identify the Client and/or the personal data provided by the Client.
   6. The procedure of identity and data verification is completed within 1(one) business day(s) of the date the Company requires the Client's identity be verified. In some cases, this may be increased at the Company's discretion to a period deemed reasonable and necessary by the Company.
   7. In suspicious cases, the Company's compliance Team reserves the right to restrict ALL transactions on the clients account until the investigation is over.
   8. The Company is entitled to request from the Client electronic copies of documents to verify identity and other data provided by the Client when opening their account. In these cases, the company requests the Client to provide the information, and the Client is obliged to provide an electronic copy of the document (the Company can request a copy in English certified by a notary). If the Client does not provide their personal information (including documents confirming the necessary information), the Company may suspend the Client's account until the Client provides the requested information. If the requested information is not provided to the Company, then the suspended account may be blocked permanently.
   9. The Company is entitled to conduct a video conference (where necessary) with the Client to confirm the Client's identity and authenticity of the documents provided by the Client.
   10. The Client acknowledges the right of the Company to use their personal information to fulfill the requirements of the legislation on combating money laundering and illegally obtained income.
   11. Responsibility for the provision of authentic copies of the documents lies with the Client. In the case of forged documents, the Client will be prosecuted according to the laws of the country issuing the document.
   12. By confirming the registration, the Client agrees to receive information from the Company, including advertising messages sent to the email address specified by the Client, and phone calls and SMS to the phone number specified by the Client. If the Client does not wish to receive such messages, they may at any time cancel their subscription by clicking the link in their email, as well as by contacting the Company's Support team. The Company will promptly respond to the Client's request for the cancellation of subscriptions to all types of messages (except for transaction notifications), as well as the refusal to receive calls or SMS on the phone.
2. The procedure for mutual settlement
   1. The Client's account balance is the amount of the financial obligation of the Company to the Client at a particular time in the event that no other additional conditions have been stated. An example of additional condition could be the Client's participation in various promotions arranged by the Company. In this case the client's account would be subject to the bonus conditions.
   2. An application for withdrawal of monetary funds should be made out by the Client electronically through the internal interface of the Website. After the Client creates the application, the size of the amount withdrawn is deducted from the balance of their account. Withdrawals applied for by the Client are non-refundable and cannot be appealed.
   3. Transfer of funds to the Client shall be made within 24 to 72hours following the date of filing the application for withdrawal. In the unlikely event of a delay, the Company will communicate such delay to the Client.
   4. The Client uses the internal interface of the Website to deposit funds into their account:
      1. The Client has the opportunity to make deposit using any of the Payment options provided and not outside of the options. When using this service, they must agree to use the payment options and make a deposit in their account when the service is activated. In this case, the Client agrees to pay for all services they request on the site, as well as all additional costs (if applicable), including taxes, fees, etc.
      2. The Company and the payment service Provider only provide payments in the amount indicated by the Client and are not responsible for payment of the above additional amounts by the Client.
      3. After clicking and confirming the payment, the payment is considered processed, and it is irreversible.
      4. By confirming the payment, the Client agrees that:
         - by making a request to deposit funds on the site, the Client confirms the payment and accepts the terms of this Client Agreement;
         - they are aware of all the risks associated with the use of this service and they accept them;
         - they will not be able to cancel the payment or request its cancellation;
         - the Client has reached or currently exceeds the legal age;
         - they understand and accept that the Client's payment processing is performed by the payment service provider.
      5. For every deposit the client is allowed to use any payment option as provided on the website.
      6. The Company and the payment service Provider are not responsible for rejected payments associated with non-receipt of authorization from the issuing bank to conduct payments using the Client's payment card.
      7. In the case of the Client's non-agreement with the above conditions and/or for other reasons, the Company asks the Client to opt out of the payment in a timely manner, and, if necessary, contact the Company's client support department using the contacts specified in Section 10 of this Client Agreement.
   5. The Company may reject a Client's application for withdrawal of monetary funds from their account, should it suspect that the Client intends to use their account for exchange transactions or fraudulent transactions across payment systems.
   6. Funding an account via debit or credit cards belonging to a third party is prohibited.
   7. The official means of depositing/withdrawing funds are the Company's wallets/accounts in all the payment systems indicated on the Company's Website. The Client accepts all the risks associated with the use of payment systems, as well as any commission charged by payment systems for making payments and/or conversions since the payment systems are not partners of the Company. The Company is not responsible for the delay of and/or non-receipt of funds in the Customer's account balance through the fault of the payment system. In the event of claims by the Client as to the working order of the payment systems, the Client must contact the support team of that payment system. The Client is obliged to inform in the case of such appeals.
   8. The Company is not responsible for the actions of third parties engaged in conducting Clients' deposit/withdrawal transactions. Upon the Client depositing funds, the financial liability of the Company begins from the moment the Client's funds appear in the Company's bank account, and/or in the Company's accounts in any payment systems listed on the Company's website.
   9. In the case of fraud detection concerning financial transactions after funds are credited to the Client's account balance, the Company reserves the right to cancel the transaction and freeze the Client's account. When Clients perform withdrawal operations, the financial liability of the Company is terminated at the moment the funds are withdrawn from the bank account of the Company and/or the Company's accounts in any of the payment systems listed on the Company's website.
   10. In the case of technical errors by the Company when making financial transactions, the Company reserves the right to cancel such transactions and their outcomes, as well as the outcomes of the services provided by the Company.
   11. Withdrawals from the Client's account are carried out only on the information specified by the Client when depositing funds. If it is not technically possible to use the same payment system for the withdrawal of funds that was used to make the deposit, the Client is entitled to use another available system for the withdrawal. In this case, the details in the payment system should coincide with the personal information specified by the Client during registration.
   12. The Client is solely responsible for the accuracy and reliability of the information specified in their application for funds withdrawal.
   13. In cases when the Company's security team suspects the Client of fraudulent activity or behavior, the Company has the right to block the Client's account without prior notice and without the possibility of further withdrawals of funds, until after the investigation is over.
   14. If the Client has deposited money into their account, but later decides to completely or partially withdraw funds, and their trade turnover (the sum of all transactions since the last deposit) has not exceeded double the size of the deposit, the withdrawal fee will be 10%.
   15. The Client has the right to register only one (1) profile with 3 (three) accounts with the Company. If the Company detects multiple profiles belonging to the same client or family (whose members can log in from the same IP address and access the platform from the same device), or funded using one credit/debit card and/or electronic wallet; accounts that use the same IP address, or upon detection of other signs of possession of multiple accounts, the transactions and the financial outcomes of all the Client's accounts can be removed. The Company reserves the right to block all of the affected accounts. In this case, the funds contained in them cannot be considered a financial liability of the Company to the Client.
   16. In the event of trading inactivity in the Client's account over a period of 3 (three) months, the Company has the right to recognize the Client's account as inactive and transfer it to the archive, preserving the monetary funds in the account in full.
       In the event of trading inactivity in the Client's account over a period of six (6) months, the Company has the right to withdraw the funds from the Client's account in full.
3. Processing trade requests and orders
   1. The processing of Client requests and orders has the following structure:
      - The Client makes a request or an order that is checked for correctness on the trading platform;
      - The trading platform sends the request or orders to the server;
      - The Client's command appears on the server and is checked for correctness;
      - The server processes the Client request or order, and sends the result to the trading platform;
      - With a stable connection between the server and the trading platform, the trading platform receives the result of the Company's processing of the Client request or order.
   2. Request and order processing time depends on the quality of communication between the trading platform and the Company server, as well as market conditions. Under normal market conditions, the Client's request and order processing time is usually 0 – 4 seconds. In market conditions that differ from normal, the processing time of client requests and orders can be greater.
   3. The Company server is entitled to reject a Client order or request in the following cases:
      - if the Client submits an order for processing before the first quote in the trading platform at market opening appears;
      - if the Client does not have enough available funds to open a new transaction;
      - when market conditions differ from normal.
4. Quotes
   1. The Client acknowledges that the only reliable source of quoting information is the base server for real Clients. Quotes on the trading platform cannot serve as a reliable source of quoting information, as an unstable connection between the trading platform and the server could result in some of the quotes not reaching the trading platform.
   2. Graphs displayed in the trading platform are of an indicative nature. Thus, the Company does not guarantee that the transaction will be made at the prices indicated on the graph in the trading platform at the time the Client submits a trading command.
5. The processing of Client orders upon opening transactions.
   1. If the amount of available funds is sufficient to open a transaction, the request is fulfilled.
   2. If the amount of available funds is less than sufficient to open a transaction, the request is denied.
   3. The Client's request/command to open a transaction is considered fulfilled and the transaction open once the corresponding record appears in the server log file. Each transaction is assigned a separate serial number.
6. Concluding transactions
   1. The transaction is closed at the latest price available on the trading server at the time of closing.
   2. Issues with Internet service providers, disruptions in the transfer of information, operation of a stock exchange, server operating system or Company's software, hacker attacks, along with any wrongful actions in relation to the equipment and/or servers of the Company, circumstances of a force majeure nature or the suspension of trading on the financial markets that affect the tradable assets used by the Company are direct basis for invalidation of all transactions occurring during or affected by, either intentionally or unintentionally, the above-mentioned circumstances. The Company reserves the right to cancel any transaction the outcome of which was obtained due to a failure occurring.
   3. When updating its software, the Company reserves the right to return the status of the Client's account to its original value in case of failures or improper software operation.
   4. If when trading, the Client obtains profit through the use of artificial intelligence, specialized software, so-called “bots”, vulnerabilities in the exchange's software or Company's server, the Company reserves the right to review the financial outcome of the Client's transactions.
   5. As part of the anti-money laundering (AML) procedure, the Client certifies that the money deposited by them into their trading account, is not the result of drug trafficking, kidnapping, or any other criminal or illegal activities. The Client will not use the Website for the purpose of legalizing proceeds from crime, or any other illegal activity. The Company reserves the right to refuse the use of the account and/or suspend (cancel, close) the account, and/or withdraw (confiscate) all the money in the account of the Client, if the Client does not adhere or does not meet the requirements and principles to combat money laundering (AML). If the Company suspects any illegal or unlawful activities happening in the Client's account, the Company reserves the right to disclose all information relating to the Client to the authorities, as well as to suspend and/or close the Client's account, and/or withdraw the funds from the Client's account for the aforementioned reasons.
   6. The Company has the right to change the amount of interest payments on assets, interest return, the minimum and maximum values of a trade, the possibility of adjusting the rate of return, and the possible expiration periods for one, several, or all assets.
   7. The Company has the discretion to limit the maximum number of trades purchased by the Client.
7. The use of bonus and gift funds and participation in tournaments and other Company promotions.
   1. Bonus funds are awarded by the Company to the Client's trading account.
   2. The amount of the bonus depends on the size of the Client's deposit, or on the conditions of the promotion under which the Client is awarded the bonus funds.
   3. The Client can receive bonus funds from a particular promotion only once, unless otherwise specified in the conditions of the promotion.
   4. The bonus funds credited to the Client's trading account are not the financial obligation of the Company to the Client.
   5. Bonus funds in the Client's trading account are available for withdrawal only after the Client has achieved the mandatory amount of trading turnover in their account.(Subject to conditions of the Promotions or Bonus Offer).
   6. Bonus offers may have limitations on the amount of withdrawals. .( Subject to conditions of the Promotions or Bonus Offer).
   7. Bonus offers may be limited in duration. Subject to conditions of the Promotions or Bonus Offer).
   8. Transactions with the result of "no income" (if the strike price of the asset is equal to the expiration price) are not counted towards the calculation of the mandatory trading turnover achieved by the Client.
   9. The rejection or cancellation of a bonus is only possible in the absence of any trading activity on the account since the moment the bonus funds were awarded. (Subject to conditions of the Promotions or Bonus Offer).
   10. At the end of the validity period of the promotion under the conditions of which the bonus was awarded, it can be withdrawn from the Client's trading account. (Subject to conditions of the Promotions or Bonus Offer).
   11. The bonus is reset to zero if the Client's trading account balance falls below the minimum amount of a transaction. (Subject to conditions of the Promotions or Bonus Offer).
   12. The Client has the right to participate in any promotion or tournament held by the Company that is available to him or her. The Client must independently familiarize him or herself with the terms of the promotion or tournament on the Company's website.
   13. Monetary funds received by the Client from the Company as a prize for participation in a tournament are credited to his or her real account, unless otherwise indicated in the tournament conditions.
   14. In cases where the Company's compliance team suspects the Client of fraudulent activities performed in order to win a tournament or promotion during the period of participation in the tournament or promotion, the Company has the right to review or nullify the Client's participation results in that tournament or promotion.
8. Client and Company Liabilities
   1. The Client in this Agreement shall be notified and, at the same time, agrees to be held personally responsible for the state of the balance of his/her account. The Company cannot be held responsible for the inactivity or activity of the Client in the course of using its services.
   2. The Company has the right to change the terms of this Agreement at any time at its discretion. In the event of changes in the Company Agreement, such changes shall become effective upon posting the amended text of the Agreement on the Website, if no other term is defined elsewhere upon posting. The Company informs Clients of amendments to the Agreement by posting a new version of the Agreement on the Client Agreement ( https://7bforex.com/client- agreement.php ) page of the Website.
   3. The duties and rights of the Client and the Company designated in this Agreement shall be considered a long-standing act and will be in effect until the moment of receipt by the Company of notification from the Client of the closure of their account or their refusal to comply with the rules of the Agreement.
   4. The Client fully understands and acknowledges that any information and guidance received from the Company's website, representatives of the Company, or third parties, will not be considered the direct proposition to make a trading or financial transaction.
   5. The Company does not bear the legal and/or financial responsibility for failure to fulfill obligations due to data transfer quality over Internet communication channels.
   6. The Client fully understands and acknowledges that all acts committed by the Client, and/or with the participation of third parties, which can destabilize the work of the Company, its equipment, services, software, and hardware, entitle the Company to refuse the Client in providing further servicing of their account and cancel all the transactions. Furthermore, the Company may refuse to re-register the Client and to service their new account.
   7. By accepting the Agreement, the Client confirms:
      - to be a legally capable adult;
      - to have read and agreed to the terms of this Agreement.
   8. Upon the Client withdrawing funds, the Company may request a confirmation of personal account data. The Company has the right to demand from the Client copies of the documents verifying their place of residence, registration, identity (certified by a notary) and signature.
   9. The Client, for their part, undertakes to submit all the documents necessary for such a confirmation, and take other necessary actions (at the Company's sole discretion), aimed at complying with international legislation to combat money laundering.
   10. The Company, in the case of the double/repeat registration of a Client using different email addresses, has the right to remove any additional accounts
9. Client risks
   1. The Client understands and acknowledges that as a result of using the services of the Website, they are able to lose the funds they deposit into their account. The Client acknowledges and understands that the financial risks involved in carrying out transactions through the Website's services may be significant. When making transactions through the Website's services, the Client should conduct an analysis of their financial capabilities.
   2. The Client acknowledges, understands and completely agrees that the Company does not assume legal or financial responsibility for losses incurred while making transactions using the Website's services due to government restrictions, market and/or monetary policies, the suspension of trading, and other force majeure circumstances beyond the Company's control.
   3. The Client is personally liable in the case of loss of credentials for immediate access to their account (login, password); the Client is obliged to prevent any possibility of access to their own account by third parties. The Client's risks and losses associated with the account access recovery process do not give rise to additional liabilities for the Company, other than the provision of new credentials for the Client's access to the account after sufficiently identifying themselves as the owner of the account.
10. Issues related to communication between the parties to this Agreement
    1. In order to communicate with the Client, the Company uses the following means:
       - email account: support@7Bforex.com;
11. Claims, Complaints, and Dispute Resolution
    1. This Agreement shall be construed and applied in accordance with the law (legislation) of Saint Vincent and the Grenadines, regardless of the provisions of legislations of other jurisdictions that can be affected in the course of execution of this Agreement.
    2. The Client expressly (unconditionally), submits to the jurisdiction of the laws of Saint Vincent and Grenadines.
    3. All possible disputes arising between the parties to this Agreement shall be settled through correspondence and negotiations.
    4. Appeals by the Client are considered official if they are directed to the Company at the email address support@7bforex.com. Appeals will not be deemed in writing if they are produced and sent via online communication programs such as Skype or other similar software.
    5. Client requests should include the following information for consideration:
       - Account number;
       - Full name;
       - Email address;
       - Date and time when the dispute occurred/arose;
       - A detailed description of the Client's claim.
    6. The Company may refuse to consider the Client's claim if it does not meet the requirements listed in Sections 11.4 - 11.5, as well as the following conditions:
       - If the claim received by the Company includes language of an obscene nature and/or insults directed to the Company (including its employees);
       - If the received claim contains threats to the Company (including its employees);
       - If the Client expresses the threat of denigrating the business image of the Company by any means possible.
    7. The Company will consider an appeal (after the Client provides the sufficient and necessary information associated with the appeal/claim to address the issue in full).
    8. In the event of disputes arising concerning the Client's trading transactions and account, review protocol for the Client's trading transactions will be based on the Company's own data.
    9. If the Client violates any of the above points, the Company has the right to refuse the provision of further services.
12. Taxes
    1. The Company is not a tax agent and does not provide data on the transactions of its Clients to third parties. Such information can only be provided if there is an official request from a competent national authority but is subject to the jurisdiction of Saint Vincent and the Grenadines.
13. Termination of this agreement
    1. This Agreement becomes legally binding at the time of the Client's registration on the Website or the Company's approved representatives.
    2. This Agreement shall be terminated in the event that all the following conditions are met:
       - After receiving a request to do so by the Company and/or the Client;
       - After the Company's complete fulfillment of its financial obligations to the Client;
       If the Client violates the conditions that are indicated in this Agreement, the Company, in such cases, may terminate the Agreement on their own initiative without prior notice.
    3. The Company has the right to unilaterally, without explanation, terminate the contract with the Client. However, the Company undertakes to comply with its financial obligations to the Client at the time of termination of the contract.
    4. In the event that the Company decides to terminate its own activity regulated by this Agreement, the Company shall do the following: - Notify the Client prior to the termination of such activity;
    5. The Company fulfills its financial obligations to Clients, including upon termination of the Client Agreement.

Protection and security of all the stored financial and personal information of 7B Forex clients and website visitors is the company's top priority. The rules below (hereinafter — the "Rules") describe how 7B Forex Limited (hereinafter — the "Company") collects, uses, stores and protects the personal information of its clients. By creating an account at any or all of the Company's websites, https://7Bforex.com, https://7Bforex.ng (hereinafter — the "Website") or by leaving your personal information in the feedback form of the Website, you (hereinafter — the "Client") give your consent to the processing of your personal information in accordance with this Privacy Policy, and also give your consent to receive information and advertising messages from the Company

Collection of personal information:

When the Client uses the feedback form of the Website or opens a real or demo account, the Company collects all the information necessary for transferring, storing and protecting the client's funds and assets, and for providing the Client with necessary services, via the Website server. Personal data collected by the Company includes:

1. The data required for efficient communication with the Client (name and surname, e- mail address, phone number);
2. The data necessary to verify the identity of the Client in order to prevent fraud and enforce anti-money laundering rules (passport information, ID cards). The Company has the right to request the above documents in English and/or notarized. If the account was replenished with the Client's bank card, it may be necessary to provide information from the front side of the bank card, namely: the first 6 and the last 4 digits of the card number, the Name and Surname of the cardholder, the expiration date of the card. The Client takes personal responsibility to provide correct, accurate and updated information about themselves, as well as the obligation not to use personal data of other people or information of entities. The Client must immediately inform the Company of any changes in the data used to verify their identity;
3. The data on all activities and operations on the client's account, required in order to protect the Client's funds.
4. The indirectly collected data, which include IP (Client's Internet Protocol address), browser type, ISP (Internet service provider), transaction history and timestamps, in order to ensure the ease of use of the platform.

The Company may also collect information recorded by its web server (for instance, the interface language, browser type, time of last visit), to analyze the operation of the platform, provide the Client with the most suitable products and services, and block access to the Website for scammers.

Activities that involve usage of the personal information

The Company uses the personal data of its Clients in order to provide services in accordance with the Client agreement, including:

1. processing trading and non-trading operations;
2. maintaining efficient communication with the Client;
3. preventing money laundering;
4. protecting the Client's funds;
5. enforcing the rules for combating money laundering;
6. informing the Client about the services and products of the Company that may be of interest to him by e-mail, skype, whatsapp or other communication channels;
7. storing the database of the Client's account;
8. conducting analysis of statistical data to provide the Client with the most suitable products and services and to ensure ease of use of the platform.

Сookie-files

The Company collects all the non-personally identifiable information that becomes available when the client uses the Website.

The Company uses cookie-files to provide the operation of the specific functions of the Website. Cookie-file is a text files that is stored in the client's computer when they enter the Website. This file allows the client to use the Website in future without entering the information again and allows the Company to identify the client when he returns to the Web Site.

Cookie-files used by the Company do not contain any sensitive or personal information. However, if the client decides to delete cookie-files he may lose the access to certain options or functions of the Website.

Data transfer to third parties

The Client gives his consent to the transfer of personal data to the following parties:

1. employees of the Company, for processing in cases where such information is necessary for the provision of services;
2. a third party that provides services related to the operation of the Website (on behalf of the Company or for the Company);
3. auditors and their assistants conducting audit of the Company's activities;
4. potential buyers and investors of the Company.

The Company shall ensure the confidentiality of the Client's information which was disclosed to third parties in accordance with the established rules. The Company does not disclose its Clients' information to third parties that are unable to ensure protection of such information.

By registering an account on the Website or leaving their personal data in the feedback form of the Website, the Client agrees to the cross-border transfer of personal data.

Technical protection of personal data

In order to ensure security of all personal data of its clients, the Company has implemented rules and technical measures of information protection. The Company uses the server certificate and SSL (Secure Sockets Layer), the standard security technology for encrypting transmitted messages. The Company does not store its clients' bank cards data.

Passwords

The login and password used by the Client to access the Website are considered his private property. The Company is not responsible for the use of such data, nor does it monitor how the client manages his account using this data. The client, in turn, is obliged to immediately inform the support about any unauthorized or suspicious activities that involve the use of their personal account.

Links to other websites and services

The Company's Website does not contain links to websites that are not controlled by the Company. The Company does not hold any responsibility for unaffiliated websites that post links to its resources.

Protection of underage users

Company's Website is an open public resource, but is not intended for children. If it becomes known to the Company that a minor has submitted or attempted to submit personal information to register on the Website as a client, the Company can remove records of such information from the server.

Changes in Rules

The Company reserves the right to make changes to the Rules. The information on such changes will be posted on the Website.

Duration of consent

The Client's consent to the processing of their personal data is valid for an unlimited period.

Contacts

In order to obtain information regarding the processing of the Client's personal data, make enquiries about the list of the personal data or withdraw their consent to the processing of the personal data, the Client should send an e-mail to support@7Bforex.com. If the Client withdraws their consent to the processing of personal data, they can no longer use the platform. The Client's account will be blocked, and the funds will be available for withdrawal.