Terms of Service

(Last Updated on November 25, 2019)

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.
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