Terms and Conditions

These Fastex Terms of Use is entered into between you (hereinafter referred to as “you” or “your”) and Fastex Exchange FZE (“Fastex”, “we”, “our” or “us”). By accessing, downloading, using or clicking on “I agree” to accept any Fastex Services (as defined below) provided by Fastex, you agree that you have read, understood and accepted all of the terms and conditions stipulated in these Terms of Use (hereinafter referred to as “these Terms”) as well as our Privacy Policy at https://ae.fastex.com/privacy-policy and our Code of conduct at https://ae.fastex.com/code-of-conduct In addition, when using some features of the Services, you may be subject to specific additional terms and conditions applicable to those features (“Product Terms”).

By accessing, using or attempting to use Fastex Services in any capacity, you acknowledge that you accept and agree to be bound by these Terms. If you do not agree, do not access Fastex or utilize Fastex Services. For more information about the risks associated with trading or investing in Digital Assets, you may access our General Risk Disclosure at https://ae.fastex.com/general-risk-warning.

By making use of Fastex Services, you acknowledge and agree that:

you are aware of the risks associated with transactions of digital currencies and their derivatives;
you shall assume all risks related to the use of Fastex Services and transactions of digital currencies and their derivatives;
Fastex shall not be liable for any such risks or adverse outcomes.

We do not offer investment or consulting advice. You are responsible for determining the appropriateness of any investment, strategy, or transaction based on your personal objectives, financial situation, and risk tolerance. We are not liable for any decisions you make regarding Virtual Assets based on our information, including any resulting losses.

Fastex is a part of the Fastex ecosystem, a global blockchain ecosystem centered around an online exchange for Virtual Assets trading and we provide users with a platform to buy and sell Virtual Assets.

Fastex is a free zone establishment, registered with the Dubai World Trade Centre (registration number 2940) with our registered offices at Office 09-112 WeWork, 9th floor, Dubai World Trade Centre, Dubai, United Arab Emirates.

We are regulated by the Dubai Virtual Assets Regulatory Authority to carry out Virtual Asset-related activities, in or from the Emirate of Dubai, including its free zones, but excluding the Dubai International Financial Centre. For the avoidance of doubt, we may also provide Fastex Services to users in other jurisdictions on a reverse solicitation basis.

1.2. By clicking “I Agree” and registering to open a Fastex Account you are entering into a legally binding agreement with us.

You must read these Terms, together with the Privacy Policy, Product Terms, and Code of conduct carefully and you may contact us as described in sub-clause ‎4.1 below, if you have any questions.

2.1. In these Terms, except where the context requires others, the following terms shall have the following meanings:

“Access IDs” means your Fastex Account details, username, passwords, personal identification numbers, API keys, API secret keys, or any other codes or forms of authentication that you use to access your Fastex Account or the Fastex Services or to send Instructions.

“Account History” means the written record (including electronic records) of your Transactions and your Fastex Account.

“API” means application program interface.

“Applicable Law” means all relevant or applicable statutes, laws (including rules of common law), principles of equity, rules, regulations, regulatory principles and requirements, notices, orders, writs, injunctions, judgements, bye-laws, rulings, directives, proclamations, circulars, mandatory codes of conduct, guidelines, practice notes and interpretations (whether of a governmental body, regulatory or other authority, or self-regulatory organisation of which Fastex is a member), that are applicable to the provision, receipt or use of the Fastex Services, or any other products or deliverables provided, used or received in connection with the Fastex Services, these Terms, or any Product Terms.

“Backed Virtual Assets” has the meaning given to it in sub-clause ‎17.3.

“Fastex”, “we”, “our” or “us” means Fastex Exchnage FZE.

“Fastex Account” means any accounts (including Business Fastex Accounts), which are opened by Fastex Exchnage FZE for you to record your use of Fastex Services.

“Fastex Affiliates” means Fastex, its affiliates, related body corporates, direct or indirect parent entity or subsidiary entity, or entity under common control, and each of their respective officers, directors, employees, agents, licensors, and contractors.

“Fastex API” means an API made available by a Fastex Affiliate to you as a service, or third-party applications relying on such an API.

“Fastex IP” means the Created IP and all other Intellectual Property Rights owned by or licensed, on a sub-licenseable basis, to us as at the date of the Terms and any other Intellectual Property Rights owned or acquired by or licensed, on a sub-licenseable basis, to us after the date of these Terms, and which are provided by us to you in the course of providing you with the Fastex Services.

“Fastex Services” means the services offered by us to you through the Platform which include Exchange Services, each as defined in Schedule 1 (VA Activities) in the Virtual Asset and Related Activities Regulations 2023.

“Business Day” means all days excluding Saturday, Sundays, and any day which the UAE Central Bank declares is a bank holiday.

“Chat Service” has the meaning given to it in sub-clause ‎4.3.

“Client Money” means any Fiat Currency which Fastex holds on your behalf or which Fastex treats as Client Money in accordance with the Client Money provisions under the VARA Rules.

“Client Virtual Assets” means all Virtual Assets held or controlled by us on behalf of you in the course of, or in connection with, the carrying on of any Fastex Service, except for: (i) Virtual Assets immediately due and payable to us for our own account, such as fees for the Fastex Services provided to you; (ii) amounts payable by us for expenses incurred on your behalf; and (iii) and other charges that are due and payable to us.

“Business Fastex Account” means a Fastex Account maintained for a corporation, entity, or other organisation for the provision of Fastex Services.

“Created IP” means any Intellectual Property Rights created by you pursuant to these Terms, including the User Materials, but excluding any other User IP.

“Dispute” means any dispute, claim, controversy or difference arising out of, relating to or having any connection with the Terms, any Product Terms, including any dispute as to their existence, validity, subject matter, interpretation, performance, breach, negotiation, termination, enforceability or the consequences of their nullity, and any dispute relating to any non-contractual obligations arising out of or in connection with them.

“Dominant Virtual Asset” means a Forked Virtual Asset that has dominance over one or more other versions of a Virtual Asset that was subject to the relevant Fork, as determined by us in our sole discretion.

“Eligible Losses” means certain losses including losses sustained by a user due to a compromise of their Fastex Account login credentials resulting from a vulnerability or other deficiency in Fastex’s systems and/or security protocols, or as may otherwise be determined by Fastex.

“Email Account” means the email account(s) associated with your Fastex Account(s), as agreed with Fastex from time to time, in accordance with any processes identified by Fastex when using the Platform.

“Exchange Trading Rules” means the Product Terms governing the admission of participants to the Fastex exchange, the organisation of Virtual Assets traded on the exchange, and the Code of conduct for participants.

“Fiat Currency” means any government or central bank issued national, or supra-national, currency, or other monetary obligation denominated in such currency and which is not a Virtual Asset.

“Fork” means any planned, unplanned, sudden, scheduled, expected, unexpected, publicised, not well-known, consensual, and/or controversial changes to the underlying operating rules of certain Virtual Assets that may occur from time to time, in such a way as to result in the creation of one or more related versions of an existing Virtual Asset.

“Force Majeure Events” means:

a. any fire, strike, riot, civil unrest, terrorist act, war or industrial action;

b. any natural disaster such as floods, tornadoes, earthquakes and hurricanes;

c. any epidemic, pandemic or public health emergency of national or international concern;

d. any act or regulation made by a government, supra national body or authority that we believe stops us from providing Fastex Services on the Platform;

e. the suspension or closure of any Fastex Affiliate;

f. the nationalisation of any Fastex Affiliate;

g. the imposition of limits or unusual terms by a government on any Virtual Assets traded on our Platform;

h. excessive changes to the price, supply or demand of any Virtual Asset;

i. technical failures in transmission, communication or computer facilities including power failures and electronic or equipment failures;

j. the failure of any supplier, intermediate broker, agent, principal custodian, sub-custodian, dealer, exchange, staking platform, liquidity pool, bridge provider, issuer of a Backed Virtual Asset, market maker, clearing house or regulatory organisation to perform its obligations to us;

k. liquidity providers not providing, or being unable to provide liquidity to us;

l. any labour or trade disputes, strikes, industrial actions or lockouts (other than in each case by Fastex or the Fastex Affiliates); and/or

m. an event which significantly disrupts the market for Virtual Assets, which could include excessive movements in the price, supply or demand of a Virtual Asset, whether regulated or unregulated.

“Forked Virtual Asset” means a Virtual Asset that results from a Fork.

“ICC Rules” has the meaning given to it in sub-clause ‎‎33.1.

“Indemnified Losses” has the meaning given to it in sub-clause ‎29.1.

“Instruction” means any instruction, request, or order given to Fastex by you or a Permitted User in relation to the operation of your Fastex Account or to execute any Transaction, through such medium and in such form and manner as Fastex may require.

“Intellectual Property Rights” means: (a) copyright, patents, database rights and rights in trade marks, designs, know-how and confidential information (whether registered or unregistered); (b) applications for registration, and rights to apply for registration, of any of the foregoing rights; and (c) all other intellectual property rights and equivalent or similar forms of protection existing anywhere in the world.

“Prohibited Countries List” means the list available here, as amended from time to time.

“Manifest Error” means any error, omission or misquote (whether an error of Fastex or any third party) which is manifest or palpable, including a misquote by any representative of Fastex taking into account the current market and currently advertised quotes, or any error of any information, source, official, official result or pronunciation.

“Mobile App” means any mobile application developed or provided by us or any of the Fastex Affiliates that enables you to use or otherwise access Fastex Services.

“Permitted User” means any person identified to us and authorised to act on a user’s behalf with respect to any Business Fastex Account.

“Platform” means the digital platform that we or any of the Fastex Affiliates may make accessible to you via Sites, the Mobile App, a Fastex API or by such other means as Fastex Affiliates may prescribe from time to time for the use of Fastex Services.

“Product Terms” means means the product-specific terms and conditions that apply to the use of a Fastex Service, in addition to these Terms, including, but not limited to, the Exchange Trading Rules.

“Regulatory Authority” means any foreign, domestic, state, federal, cantonal, municipal or local governmental, executive, legislative, judicial, administrative, supervisory or regulatory authority, agency, quasi-governmental authority, court, commission, government organisation, self-regulatory organisation having regulatory authority, tribunal, arbitration tribunal or panel or supra-national organisation, or any division or instrumentality thereof, including any tax authority.

“Restricted Person” means a person or legal entity who (a) is included in any trade embargoes or economic sanctions list (such as the United Nations Security Council Sanctions List, the list of specially designated nationals maintained by the office of foreign assets control of the U.S. Department of the Treasury (OFAC), or the denied persons or entity list of the U.S. Department of Commerce), or (b) resides, or is established, in any country listed in the Prohibited Countries List.

“General Risk Warning” means the general risk warning published on the Website.

“Security Breach” means

a. your Fastex Account(s) or any of your Access IDs have been compromised;

b. the loss, theft, or unauthorised use of any of your Access IDs or any unauthorised access to and use of your Fastex Account or the Fastex Services on your behalf; or

c. any other security incident (including a cyber-security attack) affecting you and/or Fastex.

“Sites” means our Website and any other websites, pages, features, or content we own or operate.

“Supported Virtual Assets” means those Virtual Assets that have been assessed against the Fastex Virtual Assets Standards and are available in connection with the use of the Fastex Services.

“Terms” means these terms of use, as amended from time to time, together with any other documents expressly incorporated by reference, including Product Terms.

“Trade Marks” means the Intellectual Property Rights in the trade marks, service marks and logos used and displayed on or through the Platform, the Sites and/or the Fastex Services.

“Transaction” means selling, purchasing, or entering into (or agreeing to enter into) other transactions in Virtual Assets, their derivatives, other asset(s), or product(s) as Fastex may from time to time make available on the Platform, and depositing or withdrawing Virtual Assets or Fiat Currency into or out of your Fastex Account.

“User Chat” has the meaning given to it in sub-clause ‎5.5.

“User IP” means the Intellectual Property Rights owned by or licensed to you as at the date of these Terms and any other Intellectual Property Rights owned or acquired by or licensed to you after the date of these Terms.

“User Materials” means the Intellectual Property Rights in any reviews, posts, information, data, and comments you or other users provide to us on the Sites (through our “Contact Us” pages or otherwise), the Platform, through use of Fastex Services, or otherwise.

“VARA” means the Dubai Virtual Assets Regulatory Authority.

“VARA Rules” means the VARA Regulations and Compulsory Rulebooks and Activity-specific Rulebooks on the VARA website.

“Virtual Assets” means a digital representation of value that may be digitally traded, transferred, or used as an exchange or payment tool, or for investment purposes.

“Virtual Asset Exchange Services” means the exchange services offered by Fastex in accordance with the VARA Rules and subject to the Exchange Trading Rules.

“Virtual Asset Standards” means the standards against which Fastex assesses any Virtual Assets before deeming them Supported Virtual Assets. A copy of the Virtual Asset Standards is available here.

“Website” means the website located at https://ae.fastex.com/.

2.2. In these Terms:

a. clause headings and numbering are for convenience only and do not affect the meaning, priority or interpretation of any clause or sub-clause of these Terms;

b. the words “include” or “including” shall mean including without limitation and include without limitation respectively;

c. any undertaking to do or not do a thing shall be deemed to include an undertaking not to permit or suffer the doing of that act or thing;

d. words importing the singular include the plural and vice versa and words importing a gender include any gender;

e. any reference to a document is to that document as amended, varied or novated from time to time otherwise than in breach of these Terms or that document; and

f. in the event of inconsistency between these Terms (including any documents referred to in these Terms) the inconsistency shall be solved by giving such provisions and documents the following order of precedence:

i. the Product Terms;

ii. the Privacy Policy and

iii. these Terms.

3.1. By registering to use a Fastex Account, you represent and warrant that:

a. as an individual, legal person, or other organization, you have full legal capacity and sufficient authorizations to enter into these Terms;

b. if you are an individualbe at least 18 years old; and

c. if you act as an employee or agent of a legal entity, and enter into these Terms on their behalf, you have all the necessary rights and authorizations to bind such legal entity;

d. not have been previously suspended or removed from using Fastex Services, except where Fastex has subsequently revoked such suspension or removal;

e. not be a Restricted Person; and

f. not be located, incorporated, otherwise established in, a citizen of, or resident or the holder of a work or residence permit of:

i. a jurisdiction where it would be illegal under Applicable Law for you to access or use the Fastex Services, or cause us or any third party to contravene any Applicable Law; or

ii. a country listed in our Prohibited Countries List.

3.2. Please note that some products and services may not be available in certain jurisdictions or regions or to certain users. Fastex reserves the right to change, modify or impose additional restrictions at its discretion at any time, in accordance with clause 20.1.

4.1. For more information on Fastex, you may refer to the information found on our Website. If you have questions or feedback you can contact us via our Customer Support team at support@fastex.com or via our Customer Support team at www.ae.fastex.com/contact-us. For any complaints, please follow the procedure outlined in clause 31.

4.2. We will contact you using the details you provide to us. This may include contacting you by email, SMS or telephone. It is important that you ensure that your contact details are correct and up to date.

4.3. We may provide an interactive online chat service ("Chat Service") for use with any Fastex Services. By using the Chat Service, you may interact with automated systems, including bots and chatbots, as disclosed by law. Information provided through the Chat Service does not constitute a legal agreement, representation, or warranty regarding Fastex Services, processes, decisions, or response times.

Personal information shared via the Chat Service is governed by our Privacy Policy.

You must not use the Chat Service to send abusive, defamatory, dishonest, obscene, or market-manipulating messages, or to disseminate false information, in violation of applicable laws. Such violations may result in termination of the chat session and restrictions on your access to Fastex Services.

5.1. Once you have opened a Fastex Account, you will be able to use the Fastex Services in accordance with these Terms and the Product Terms that govern your use of each specific Fastex Service. The Services are limited to Virtual Asset Exchange Services.

5.2. You acknowledge and agree that support for some of the Fastex Services may be provided by Fastex Affiliates or by third-party providers.

A detailed list of outsourced functions is included below and will be regularly updated to reflect any changes.

6.1. You agree to pay all applicable fees in connection with your use of the Fastex Services as set out on the Fee Schedule page on our Website, or otherwise communicated to you in any relevant Product Terms.

6.2. You authorise us to deduct all applicable fees, commissions, interest, charges and other sums that you owe from your Fastex Account under these Terms or any Product Terms in accordance with the method of calculation set out on our Fee Schedule page. If you owe us an amount in one Virtual Asset and do not have sufficient assets in that Virtual Asset, we may deduct the sums owed in another Virtual Asset to effect payment (in which case we will convert the Virtual Asset you hold into the Virtual Asset in which the sums owed to us are denominated (or the Fiat Currency equivalent), at the rate currently offered on the Platform or at such other commercially reasonable rate as we may determine). In the event that there are insufficient Virtual Assets in your Fastex Account, you acknowledge that any amount due and payable from you under this clause is a debt immediately due and owing by you to us in such amount and form (whether in the form of a Virtual Asset or otherwise) as we may determine, acting in a fair and reasonable manner.

6.3. Fees charged in Fiat Currency will be held in a separate account to Client Money. Fastex does not provide interest on Client Money.

6.4. We may adjust our fees from time to time in accordance with sub-clause ‎20.3 of these Terms.

7.1. You must create and maintain a Fastex Account in order to access most aspects of the Fastex Services and the Platform. You may maintain only one main account at any given time.

This may be a Fastex Account for an individual user, or a Business Fastex Account where the user is a corporation, entity or other organisation.

All Fastex Accounts are provided at our absolute discretion. We reserve the right to refuse any application for a Fastex Account without reason or to limit the number of Fastex Accounts that you may hold.

7.2. By opening a Fastex Account you agree that:

a. where you are an individual user, you will use your Fastex Account only for yourself, and not on behalf of any third party, unless you have obtained our prior written consent; and

b. where you are a business user, your Permitted Users will use the Business Fastex Account only for your benefit, and not on behalf of any third party, unless our prior written consent has been obtained.

You are fully responsible for all activity that occurs under your Fastex Account.

7.3. You will need to comply with our identity verification procedures before you are permitted to open a Fastex Account and access and use the Fastex Services, by providing us with certain information about yourself and, where relevant, your Permitted Users. All information that you provide must be complete, accurate and truthful. You must update this information whenever it changes.

You authorise us to make inquiries, whether directly or through third parties, that we consider necessary to verify your identity, and that of any Permitted Users, or protect you and/or us against fraud, money laundering, terrorist financing or other financial crime, and to take any action we deem necessary based on the results of such inquiries.

When we carry out inquiries, you acknowledge and agree that your personal information, and that of any Permitted Users, may be disclosed to identity verification, compliance data recordation, credit reference, fraud prevention, or financial crime agencies and that these agencies may respond to our inquiries in full.

7.4. We may also require you to comply with our enhanced due diligence procedures by submitting additional information about yourself, your business or your Permitted Users, providing additional records or documentation, or having face to face meetings with representatives of Fastex.

7.5. We may maintain records of any information you provide to us in connection with your Fastex Account and/or the Fastex Services for the lifetime of your Fastex Account and for up to ten (10) years after the termination or closure of your Fastex Account for business and regulatory compliance purposes, subject to Applicable Laws. Please review our Privacy Policy for more information on how we collect and use data relating to the use and performance of our Sites and the Fastex Services.

8.1. Client Money will be held segregated from money belonging to Fastex. The Client Money will be held in Client Money accounts by a third party banking partner licensed in the UAE to hold Client Money.

8.2. Client Money held by Fastex in a Client Money account shall not be subject to any deposit protection.

8.3. You acknowledge that your money shall be pooled with other Client Money into one Client Money account, therefore, whilst your money is segregated from money belonging to Fastex, it is not segregated from the Client Money belonging to other Fastex users. In the event of Fastexs’ insolvency, winding up or other such similar event, the Client Money will be treated in accordance with Applicable Law.

8.4. Fastex shall conduct a daily reconciliation of the Client Money that Fastex holds on your behalf. Fastex will not send out physical statements, but you may instead view your near-real time statements at any time by logging into your Fastex Account. Fastex will at all times maintain records for individual balances.

8.5. Fastex shall not be liable for the insolvency of third-party banking partner(s) holding Client Money. Fastex conducts an extensive due diligence assessment of any third-party banking partner(s) prior to entering into a client money account agreement, in order to ensure that those banks are safe repositories and licensed to hold Client Money.

9.1. When Supported Virtual Assets are held in custody by us on your behalf, Fastex shall record, register and hold such Supported Virtual Assets in an appropriate manner to effectively safeguard and control such assets.

9.2. Fastex does not provide interest on the Supported Virtual Assets held on your behalf, other than as specified in relevant Product Terms.

9.3. Your Supported Virtual Assets will be recorded in your Fastex Account and segregated in our ledger from Supported Virtual Assets belonging to Fastex and/or other users.

9.4. Your Supported Virtual Assets will be pooled on-chain with other Virtual Assets in omnibus wallets.

9.5. Fastex shall conduct a daily reconciliation of your Supported Virtual Assets that are held by Fastex on your behalf. Fastex will not physically send out statements, instead, you may view your near-real time statement at any time upon logging into your Account.

9.6. Unless agreed otherwise in the relevant Product Terms, Virtual Assets deposited by users with Fastex are held in custody by Fastex on behalf of users and not used by Fastex for any other purpose.

9.10. Clients’ Virtual Assets held by Fastex shall not be subject to any deposit protection. 9.11. You acknowledge and agree that the use of Fastex Services, involves risks that may result in loss, including but not limited to technological failures, security breaches, and insolvency of third-party custodians.

9.12. To mitigate these risks, Fastex implements advanced security measures, including encryption and multi-party computation technology, segregates Client Virtual Assets from Fastex proprietary assets to ensure proper safeguarding and conducts regular due diligence on third-party service providers.

9.13. Fastex is not liable for losses arising from events outside its reasonable control, as further outlined in these Terms.

9.14. Fastex confirms that no interest will be paid on any Client Virtual Assets held in its custody.

10.1. We may require information from you at any time for the purposes of complying with any Applicable Law, identity verification requirements, or in connection with the detection of money laundering, terrorist financing, fraud, or any other financial crime, or for any other valid reason. You agree to provide us with any such information we request and permit us to keep a record of the information for up to ten (10) years, or such other period as prescribed by Applicable Law.

10.2. Your access to your Fastex Account and the Transaction limits that apply to your use of the Fastex Services may be altered as a result of information collected about you on an ongoing basis. If there is a reasonable suspicion that any information provided by you is wrong, untruthful, outdated, or incomplete, we may send you a notice to request corrections, remove relevant information, or do such other things that we consider necessary to ensure that the information provided by you is true and correct.

10.3. If you decline to provide the requested information, or otherwise do not comply in a timely manner, we reserve the right to suspend or terminate your access to your Fastex Account or all or part of the Fastex Services immediately and without notice. In order to reinstate access, please log onto the Website or Mobile App and follow the appeal process through raising a ticket with customer service.

11.1. To access your Fastex Account you or, where relevant, your Permitted Users, must have the necessary equipment (such as a computer or smartphone) and access to the internet. Your Fastex Account can be accessed directly using the Platform or by such other mode of access (including APIs) as we may prescribe. You are only permitted to access your Fastex Account by using the Access IDs we provide to you or your Permitted Users for such purposes. We may require multi-factor authentication to keep your Fastex Account safe and secure.

The use of the Platform and other access methods may be subject to such additional terms as we communicate to you.

11.2. You must ensure that any Fastex Account(s) registered under your name will not be used by any person other than yourself or, with respect to Business Fastex Accounts, your Permitted Users, other than in accordance with these Terms.

12.1. You will be able to access your Account History on the Platform. You must review your Account History carefully and let us know if you see any entries or Transactions that you do not recognise or you think are incorrect within fourteen (14) calendar days of the date that your Account History is provided or made available to you.

12.2. We may rectify any error in your Account History at any time, and reserve the right to void or reverse any Transaction involving or deriving from a Manifest Error or to amend the details of such Transaction to reflect what we reasonably consider to be the correct or fair details of such a Transaction absent Manifest Error. Without prejudice to the generality of the other terms in these Terms, and in the absence of fraud or bad faith, Fastex shall in no circumstances be liable to you for any loss or demand of whatsoever nature you may suffer or incur in connection with any Manifest Error howsoever arising, whether direct or indirect, special or consequential, including, but not limited to, loss of profit or loss of opportunity, even if Fastex had been advised of the possibility of the same arising or that the same were reasonably foreseeable.

12.3. We may be required under Applicable Law to share information about your Fastex Account and Account History with third parties. You acknowledge and agree that we are entitled to disclose such information.

13.1. You must ensure that any Instruction submitted is complete and accurate. We are not required to verify the accuracy, authenticity or validity of any Instruction and will not monitor or reject Instructions on the basis that they are, or appear to be, duplicates. However, if we are in doubt as to the accuracy, authenticity or validity of an Instruction, we may refuse to act upon or defer acting upon any Instruction, or seek further information with respect to the Instruction.

Instructions are irrevocable and therefore once an Instruction has been submitted you, or your Permitted Users, have no right to rescind or withdraw it without our written consent. Your Instruction is not deemed to be received by us until it has been received by our server. Our record of all Instructions will be conclusive and binding on you for all purposes.

13.2. By submitting an Instruction you or your Permitted Users are authorising us to initiate the Transaction on your Fastex Account. We are therefore authorised to credit or debit (or provide settlement information to third parties for the purposes of the third party crediting or debiting) your Virtual Assets from your Fastex Account in accordance with your Instruction. If you have insufficient Virtual Assets or Fiat Currency in your Fastex Account to effect the Transaction (i.e. less than the required amount to settle the Transaction and to pay all the fees associated with the Transaction), then we have the right to refuse to effect any Transaction. It is your responsibility to hold sufficient Virtual Assets credited in your Fastex Account.

13.3. You are aware that Instructions and information transmitted on the Platform or by email are generally transmitted via the internet and may be routed via public, transnational installations which are not specifically protected. We cannot guarantee that the Instructions and information transmitted will be completely protected against unauthorised access, and you accept the associated risks.

13.4. Subject to these Terms and any applicable Product Terms, and provided that you have sufficient balance on your Fastex Account and the relevant Virtual Assets or Fiat Currency is not on hold in your Fastex Account in connection with any Fastex Service, you may give Instructions to Fastex to transfer Virtual Assets to an external wallet address or Fiat Currency to an external account in your name by submitting a withdrawal request on the Platform. Upon receipt of the withdrawal request, Fastex will: (a) deduct the relevant amount from your Fastex Account balance; and (b) initiate an on-chain transfer to an external wallet, or bank transfer to the relevant account, as designated by the User. Fastex may not process a withdrawal request if, in our reasonable opinion, we consider that Applicable Law prevents the execution of the relevant withdrawal. Fastex may also suspend withdrawals at such time deemed appropriate by Fastex to resolve any incidents on the Platform. Once such incidents have been resolved, Fastex will resume withdrawals in accordance with this sub-clause.

14.1. You may enter into Transactions directly with us, which will be facilitated solely by us. We do not represent or warrant that any Transaction will be completed successfully or within a specific time period.

14.2. You are solely responsible for the control and use of your Fastex Account. As such, we will assume that you, or a Permitted User, have authorised any Instruction sent from your Fastex Account unless we are notified otherwise. It is important that you monitor your Account History to ensure any unauthorised or suspicious activity on your Fastex Account is identified and notified to us as soon as possible. We are not responsible for any claim or losses resulting from a Transaction executed as a result of an unauthorised Instruction unless you have notified us in accordance with this sub-clause.

14.3. To facilitate compliance with global industry standards for data retention, you agree to permit us (but agree to not require us) to keep a record of all Transaction information for the lifetime of your Fastex Account plus ten (10) years beyond your Fastex Account’s termination, or such other period as prescribed by Applicable Law. Please review our Privacy Policy for more information on how we collect and use data relating to the use and performance of our Sites and the Fastex Services.

15.1. You acknowledge, agree, and accept that: (a) we may appoint one or more liquidity providers (which may include Fastex Affiliates acting in such capacity) to provide liquidity on the Platform, and any such liquidity provider may enter into any Transaction with you as your counterparty; (b) liquidity providers may also maintain positions in various Virtual Assets as part of their liquidity provision activities, including positions in Virtual Assets that are contrary to your positions; and (c) such liquidity provision activities may be done by way of algorithmic trading.

Such liquidity provision can have an impact on the price of Virtual Assets and the liquidity at levels necessary to execute a transaction. We will not deliberately carry out liquidity provision with the intention of harming your interests and will endeavor to minimise any market impact. We may realise a profit, or equally, a loss, in connection with liquidity provision.

15.2. You understand and agree that neither your relationship with us nor any Fastex Service we provide to you, nor any other matter, will give rise to any fiduciary or equitable duties on our part, or the part of any Fastex Affiliate. In particular, we and any Fastex Affiliate may from time to time act in more than one capacity (for example, as both market maker and broker and/or as principal and agent), and in those capacities we may receive fees or commissions from more than one user (including you). You agree that we may act in such capacities and provide any other Fastex Services or carry out any business with or for you, any Fastex Affiliate or any other user.

15.3. You understand and agree that neither we nor any Fastex Affiliate will be required to: (a) have regard to any information known to us, or to any Fastex Affiliate, which is a material interest; (b) disclose any such information to you; or (c) use any such information for your benefit. You further acknowledge that from time to time we may receive general market information in the course providing Fastex Services to you, which we may use in the ordinary course of our business.

15.4. We have established and maintain effective organisational and administrative arrangements with a view to taking all appropriate steps to identify and manage conflicts of interest between us and our users and relevant third parties, so as to prevent conflicts of interest from adversely affecting the interests of our users. In cases where such organisational and administrative arrangements are not sufficient to ensure that the risks of damage to your interests will be prevented, we will inform you of the nature and/or sources of the relevant conflicts of interest and the steps taken to mitigate those risks in order to allow you to make an informed decision as to whether to continue to transact with us. We reserve the right at all times to decline to act for you where we are not able to manage a conflict of interest in any other way.

16.1. Your Fastex Account may be subject to a limit on:

a. the amount or volume of Transactions you may undertake in connection with your Fastex Account ; and/or

b. the amount or value of Fiat Currency or Virtual Assets you may transfer into or out of your Fastex Account,

in each case in a given period (e.g. daily). Any applicable limits are shown in your Fastex Account.

16.2. We reserve the right to change any Transaction limit that applies to your Fastex Account at any time at our absolute discretion. It may also be possible for you to request a change in your limits. Any change will be made in our absolute discretion and will be subject to any further conditions that we deem necessary.

17.1. The Fastex Services are only available in respect of Supported Virtual Assets, which may change from time to time. A list of the Supported Virtual Assets is published on our Website. Please also refer to Virtual Assets Standards Disclosure, which sets out the standards against which we assess the Accepted Virtual Assets before listing them on the Platform. We may remove or suspend one or more Virtual Assets from the list of Supported Virtual Assets at any time, meaning that you will no longer be able to access such Virtual Assets as part of the Fastex Services and will be no longer able to hold such Virtual Assets credited to your Fastex Account or make any deposits or withdrawals. We may do so with immediate effect, advance notice or reason. If Virtual Assets that are no longer Supported Virtual Assets remain in your Fastex Account beyond a specified period, Fastex may in its discretion convert such Virtual Assets to a Supported Virtual Asset that is a stablecoin. Fastex shall notify you in advance of any such conversion and you shall always have the opportunity during a period of time specified by Fastex to withdraw the relevant Virtual Assets before they are converted into a stablecoin.

We assume no responsibility or liability in connection with any attempt to use your Fastex Account for Virtual Assets that we do not support at the relevant time.

17.2. We may temporarily suspend any Fastex Services in relation to a particular Virtual Asset while we determine whether or not to support a Fork. We are under no obligation to support a Fork of a Virtual Asset that you hold in your Fastex Account, regardless of whether or not any resulting version of such Forked Virtual Asset is a Dominant Virtual Asset or not. If we elect to support a Fork of a Virtual Asset, we will make a public announcement through our Website or by such other means as we may deem appropriate. Upon becoming aware of a Fork or similar event, we will assess its technical, operational, and compliance implications as promptly as possible.

You acknowledge that we have no control over, nor do we have the ability to influence, the creation or implementation of a Fork. We can provide no assurances about the security, functionality or supply of any Virtual Asset, including both the new Dominant Virtual Asset or other Virtual Assets subject to the relevant Fork. You may not be able to trade the Forked Virtual Assets on the Platform and you may lose any value associated with the relevant Virtual Assets. We will communicate updates to affected clients throughout the process, including initial notifications, progress updates, and our final decision regarding support for the Forked Virtual Asset.

17.3. We may from time to time support Virtual Assets that purport to be backed by or otherwise tied or pegged in value to another asset, including Virtual Assets, Fiat Currency or commodities such as silver or gold (“Backed Virtual Assets”). You agree that you have read, understood and accepted all of the terms and conditions and risks associated with each particular Backed Virtual Asset before entering into any Transaction relating to that Backed Virtual Asset. We have no obligation to purchase, repurchase or effect or facilitate the redemption of your Backed Virtual Assets for any particular Fiat Currency or asset. We reserve the right to change, suspend, or discontinue any service in relation to any Backed Virtual Asset. We make no representation as to whether any particular Backed Virtual Asset will hold its value as against any asset, nor as to the amount or quality of reserves or collateral held by each issuer or any third party in relation to any Backed Virtual Asset.

18.1. You are responsible for taking appropriate action to protect your hardware and data from viruses and malicious software, and any inappropriate material. Except as provided by Applicable Law, you are solely responsible for backing up and maintaining duplicate copies of any information you store or transfer through the Fastex Services. We are not responsible for any claim or losses resulting from your failure to comply with this clause.

18.2. At all times, you and any Permitted Users shall maintain adequate security and control of all of your Access IDs. You are solely responsible for taking the necessary security measures (or ensuring that your Permitted Users take such measures) to protect your Fastex Account and to keep your Access ID secure, including by:

a. strictly abiding by all of our mechanisms or procedures;

b. creating a strong password and maintaining security and control of your Access IDs;

c. keeping the Email Account and telephone number provided to us up to date in order to receive any notices or alerts that we may send you;

d. never allowing remote access or sharing your computer and/or computer screen with someone else when you are logged on to your Fastex Account;

e. remembering that under no circumstances will we ask you to share your passwords or 2-factor authentication codes; and

f. logging out from the Sites or Platform at the end of each visit.

You must keep the Email Account and Access IDs secure against any attacks and unauthorised access. You must notify us immediately if you have knowledge or have reason for suspecting that the security of your Email Account, or that of a Permitted User, has been compromised or if there has been any unauthorised use of your or any Permitted User’s Email Account.

18.3. It is important that you monitor your Account History to ensure any unauthorised or suspicious activity on your Fastex Account is identified and notified to us as soon as possible. You acknowledge that any Security Breach may result in unauthorised access to your Fastex Account by third parties and the loss or theft of any Virtual Assets and/or funds held in your Fastex Account and any associated accounts, including your linked bank account(s).

18.4. If you suspect a Security Breach. If you suspect a Security Breach, you must ensure that:

a. we are notified immediately using the details set out in sub-clause ‎4.1 and continue to be provided with accurate and up to date information throughout the duration of the Security Breach; and

b. your Fastex Account is immediately locked via the disable account function on the Platform or via any other method as may be prescribed by us from time to time; and

c. you take any other steps that we may reasonably require to reduce, manage or report any Security Breach.

We reserve the right to request, and you agree to provide, any and all information and documents we deem relevant or necessary in connection with an actual or suspected Security Breach, and may provide such information to any third party that we deem necessary in order to resolve any Security Breach.

Our collection and use of personal information in connection with these Terms, the Fastex Services, the Platform and any Site is as provided in our Privacy Policy (as updated from time to time). By accessing your Fastex Account and using the Fastex Services, you confirm that you have read, understood and agree to the terms of our Privacy Policy.

We reserve the right to record all communications with you, including those conducted electronically, by telephone, in person, or through any other means, in connection with these Terms. These recordings will be our exclusive property and will serve as evidence of the communications between you and us. You acknowledge that telephone conversations may be recorded without any warning tone or additional notice.

20.1. We can make changes to these Terms and any terms and conditions incorporated by reference (including any Product Terms) at any time and your acceptance of these Terms constitutes your express consent to this. We will let you know of any changes by email or via our Website.

We will let you know in advance of most changes and will give you at least thirty (30) calendar days’ notice before the changes take effect. However, we may occasionally need to make changes without telling you in advance, in the case of changes resulting from legal and/or regulatory requirements that are beyond Fastex's control.

Where we are unable to give you advance notice, we will let you know of the change as soon as possible after it is made.

Fastex will maintain a record of all versions of the Terms and be able to identify all changes made between versions.

20.2. When changes come into effect. Save where changes are required due to Applicable Law come into effect immediately, the updated Terms will come into effect thirty (30) calendar days after we have given you notice. If you do not wish to accept the changes, you are free to close your Fastex Account in accordance with sub-clause

‎20.1 of these Terms. If we do not hear from you, we will assume that you have accepted the change and your continued access to or use of Fastex Services will be deemed acceptance of the updated Terms.

20.3. We may also make changes to the fees set out in the Fee Schedule page on our Website, which includes introducing new fees and/or charges. If we increase any fee, we will give you thirty (30) calendar days’ notice in advance of any change being made. If you do not wish to accept the changes, you are free to close your Fastex Account in accordance with sub-clause ‎21.1 of these Terms. If we do not hear from you, we will assume that you have accepted the change and your continued access to or use of the Fastex Services will be deemed acceptance of the updated Terms.

21.1. You may terminate your Fastex Account at any time by following the account termination procedures as prescribed by us from time to time. You will not be charged for terminating your Fastex Account, although you will be required to pay any outstanding amounts owed to us. You authorise us to cancel or suspend any pending transactions at the time of cancellation, and to deduct any outstanding amounts that you owe us from your Fastex Account.

In certain cases, you may not be able to close your Fastex Account, including where:

a. you are trying to evade an investigation by relevant authorities;

b. you have a pending Transaction or an open Dispute;

c. your Fastex Account has any outstanding amounts owed to us; or

d. your Fastex Account is subject to a freeze, hold, limitation or reserve.

21.2. Our right to close your Fastex Account. We may close your Fastex Account for any reason at any time. In most circumstances, we will give you thirty (30) calendar days’ notice in advance of closing your Fastex Account and the reason for the closure. However, there could be circumstances where we are entitled or required to close your Fastex Account without giving you notice or telling you of the reasons for the closure.

This may include, but is not limited to, the following circumstances:

Where Fastex is required to comply with legal and regulatory obligations, including those imposed by VARA, other Regulatory Authority or law enforcement agencies.
In cases where there is suspicion or evidence of fraudulent activity, unauthorized access, or any activity that compromises the security of our platform or other users.
Where you are found to be in violation of the Terms of Use, including but not limited to engaging in prohibited activities or misusing the Fastex Services.
Where we are required to close your account pursuant to a court order or other legal process. In such cases, we may close your account immediately and without prior notice."

21.3. If we decide to close your Fastex Account you will be required to withdraw all Virtual Assets held in your Fastex Account and cease using the Fastex Services. In the event that you fail to do so within thirty (30) calendar days upon receipt of the notice, we may in our absolute discretion, and without further notice to you:

a. mark your Fastex Account as a dormant account;

b. close any open positions;

c. convert the Virtual Assets to a different type of Virtual Asset. In doing so, we will not be liable for any loss of profit, tax obligations or any other loss, damage or expense incurred by you resulting from such conversion;

d. transfer such dormant account (including any Virtual Assets held in the account) to another Fastex Affiliate, any third-party custodian or an isolated wallet where we consider it is reasonably necessary to do so. If this happens, you have the right to retrieve your Virtual Assets, subject to satisfying our reasonable verification requirements;

e. charge a dormant account fee to cover the cost of maintaining the Virtual Assets with any Fastex Affiliate or any third party, with such fee to be withdrawn directly from the dormant account on a monthly basis; and

f. close a dormant account at any time.

After a dormant account is closed, it cannot be reactivated and you will need to register a new Fastex Account if you wish to continue to use Fastex Services. You acknowledge that we will be under no obligation to pay any reward, incentive or interest which we might otherwise have agreed to pay, under the applicable Product Terms, to your dormant account in relation to the Virtual Assets credited to it.

22.1. We may at any time modify or discontinue, temporarily or permanently, any portion or feature of the Fastex Services. In particular, we may: (1) refuse to complete or block, cancel, or, where permitted by Applicable Law, reverse any Transaction you have authorised; (2) terminate, suspend, or restrict your access to any or all of the Fastex Services; (3) terminate, suspend, hold or restrict your access to any or all of your Fastex Account(s); (4) refuse to transmit information or Instructions to third parties (including but not limited to third-party wallet operators); and/or (5) take whatever action we consider necessary, in each case with immediate effect and for any reason including, but not limited to where:

a. you are not, or are no longer, eligible to use one or more Fastex Services;

b. we reasonably suspect that:

i. the person logged into your Fastex Account is not you, or we suspect that the Fastex Account has been or will be used for any illegal, fraudulent, or unauthorised purposes;

ii. the person logged into your Business Fastex Account is not a Permitted User, or we suspect that the Business Fastex Account has been or will be used for any illegal, fraudulent, or unauthorised purposes;

iii. more than one natural person has access to and/or transacts using the same Fastex Account, or we suspect that Fastex Account has been or will be used for any illegal, fraudulent, or unauthorised purposes;

iv. information provided by you is wrong, untruthful, outdated, or incomplete;

c. we have reasonable concerns in relation to your creditworthiness or financial status, including:

i. in the event that you are an individual, you become bankrupt, of unsound mind, commit an act of bankruptcy, or have action to place you in bankruptcy commenced against you;

ii. in the event that you are acting on behalf of a partnership, any of the partners die or become bankrupt or of unsound mind, commit an act of bankruptcy, or have action to place any of the partners in bankruptcy commenced, or if action is commenced to dissolve and/or alter the partners or the constitutions of the partnership;

iii. in the event that you are acting on behalf of a corporation, the corporation is unable to pay its debts as and when they are due, or action is commenced to place the corporation in insolvency, judicial management, receivership, administrative management, or any similar or analogous proceedings;

iv. you convene a meeting of your creditors or propose or make any compromise or arrangement with or any assignment for the benefit of your creditors;

d. pending submission of such information and documents in accordance with clauses ‎8 and ‎11;

e. pending submission of Enhanced Due Diligence in accordance with sub-clause ‎7.4;

f. we reasonably consider that we are required to do so by Applicable Law, or any court or authority to which we are subject in any jurisdiction;

g. we have determined or suspect:

i. that you have breached these Terms or any Product Terms;

ii. that you have breached any express or implied warranties in these Terms, or any representations you have made;

iii. that any Transaction is unauthorised, erroneous, fraudulent, or unlawful or we have determined or suspect that your Fastex Account or the Fastex Services are being used in a fraudulent, unauthorised, or unlawful manner;

iv. there is any occurrence of money laundering, terrorist financing, fraud or any other crime in connection with your Fastex Account or your use of the Fastex Services;

h. the use of your Fastex Account is subject to any pending, ongoing or threatened litigation, investigation, or judicial, governmental or regulatory proceedings and/or we perceive a heightened risk of legal or regulatory non-compliance associated with your Fastex Account activity;

i. you owe amounts to Fastex that are not satisfied, whether due to a chargeback or on any other basis;

j. any email communication to your Email Account is returned as undeliverable;

k. an issue has arisen with the verification of your identity;

l. you have taken any action that may circumvent our controls such as opening multiple Fastex Accounts without our written consent or abusing promotions which we may offer from time to time; or

m. there is any other valid reason which means we need to do so.

We will take reasonable steps to provide you with appropriate notice. However, there might be times when we are required not to do so by Applicable Law.

22.2. You acknowledge and agree that:

a. the examples set out in sub-clause ‎22.1 above of when we might take action to terminate, suspend or restrict your access to your Fastex Account and/or the Fastex Services is a non-exhaustive list, and we may take such action for any reason whatsoever; and

b. our decision to take certain actions, including, without limitations, to terminate, suspend, or restrict your access to your Fastex Account or the Fastex Services, may be based on confidential criteria that are essential to our risk management and security protocols. You agree that we are under no obligation to disclose the details of our risk management and security procedures to you.

22.3. What happens when we exercise our rights. Where we terminate, suspend, hold or restrict your access to one or more Fastex Services:

a. if you have Instructions, trades, positions or Transactions that are open, they may be closed by you, or by us, depending on the circumstances of the termination, suspension, hold, restriction or other action we take;

b. any chargeback resulting from the use of your Fastex Account or Fastex Services may result in an immediate suspension and/or restriction of your Fastex Account and Fastex Services;

c. to reactivate suspended and/or restricted Fastex Account or Fastex Services, you may be required to reimburse us for the full value of the chargeback;

d. you are liable for any credited amounts in case of a chargeback, and you authorise and grant us the right to deduct costs and fees directly from any assets in your Fastex Account without notice; and

e. if you do not contact us or reply to our notice of termination within thirty (30) calendar days upon receipt of the notice, we may remove your Virtual Assets from your Fastex Account and transfer them to a third party (such as a government body) or hold them as Fastex assets, after such period and to the extent permitted by Applicable Law.

22.4. If we are informed and reasonably believe that any Virtual Assets or funds held in your Fastex Account are stolen or otherwise are not lawfully possessed by you (whether by error or otherwise), we may, but have no obligation to, place a hold on the affected funds and your Fastex Account. Where we place a hold on some or all of your Virtual Assets or your Fastex Account, we may continue such hold until such time as evidence, acceptable to us, proves that you are entitled to possession of the Virtual Assets and/or Fiat Currency held in your Fastex Account. We will not get involved in any such Dispute, or the resolution of the Dispute, relating to any Virtual Assets and/or Fiat Currency held in your Fastex Account.

22.5. Residents of some countries may only be able to access some, but not all, Fastex Services. We may change the Fastex Services that are available to you from time to time. If you travel to a location included on our Prohibited Countries List, Fastex Services may not be available and your access to the Fastex Services may be blocked. You acknowledge that this may impact your ability to trade on the Platform and/or monitor any existing orders or open positions or otherwise use the Fastex Services. You must not attempt in any way to circumvent any such restriction, including by use of any virtual private network to modify your internet protocol address.

26.1. By opening a Fastex Account, and without prejudice to any other restriction or limitation set out in these terms, you agree that you and any Permitted User will not:

a. breach these Terms or any additional document, including, but not limited to, any Product Terms and Privacy Policy;

b. make any adverse, critical or disparaging statements, allegations or comments (whether expressly or by implication) with respect to us or any Fastex Affiliate;

c. use Fastex Services in a manner that violates public interests, public morals, or the legitimate interests of others, including any actions that would interfere with, disrupt, negatively affect, or prevent other users from using Fastex Services;

d. use Fastex Services for resale or commercial purposes, including transactions on behalf of other persons or entities, unless expressly agreed by us in writing;

e. use the Fastex Services for market manipulation (such as pump and dump schemes, wash trading, self-trading, front running, quote stuffing, and spoofing or layering) regardless of whether prohibited by Applicable Law;

f. engage in fraudulent activities, or cause suspicion of such activities;

g. use Fastex Services to conduct lotteries; bidding fee auctions; sports forecasting or odds making; fantasy sports leagues with cash prizes; internet gaming; contests; sweepstakes; or games of chance;

h. (i) receive, or attempt to receive, funds from both us and another user for the same Transaction during the course of a Dispute; (ii) conduct your business or use the Fastex Services in a manner that results in, or may result in, complaints, Disputes, claims, reversals, chargebacks, fees, fines, penalties, or other liability to us, other users, third parties, or yourself; and (iii) allow your Fastex Account to have a negative value or quantity of Virtual Assets;

i. provide false, inaccurate or misleading information in connection with your use of the Fastex Services, in communications with us, or otherwise connected with these Terms;

j. (i) use any deep linking, web crawlers, bots, spiders or other automatic devices, programs, scripts, algorithms or methods, or any similar or equivalent manual processes to access, obtain, copy or monitor any part of the Platform, or replicate or bypass the navigational structure or presentation of Fastex Services in any way, in order to obtain or attempt to obtain any materials, documents or information in any manner not purposely provided through Fastex Services; (ii) attempt to access any part or function of the Platform without authorisation, or connect to Fastex Services or any of our servers or any other systems or networks of any Fastex Services provided through the Platform by hacking, password mining or any other unlawful or prohibited means; (iii) probe, scan or test the vulnerabilities of Fastex Services or any network connected to the Platform, or violate any security or authentication measures on Fastex Services or any network connected to Fastex Services; (iv) reverse look-up, track or seek to track any information of any other users or visitors of Fastex Services; (v) take any actions that impose an unreasonable or disproportionately large load on the infrastructure of systems or networks of Fastex Services or Fastex, or the infrastructure of any systems or networks connected to Fastex Services; (vi) use any devices, software or routine programs to interfere with the normal operation of Fastex Services or any transactions on Fastex Services, or any other person’s use of Fastex Services; or (vii) forge headers, impersonate, or otherwise manipulate identification, to disguise your identity or the origin of any messages or transmissions you send to us;

k. modify or adapt the whole or any part of the Platform or combine or incorporate the Platform into another programor application;

l. disassemble, decompile, reverse-engineer or otherwise attempt to derive the source code, object code underlying concepts, ideas and algorithms of the Platform or any components thereof;

m. modify, replicate, duplicate, copy, download, store, further transmit, disseminate, transfer, disassemble, broadcast, publish, remove or alter any copyright statement or label, or licence, sub-licence, sell, mirror, design, rent, lease, private label, grant security interests in such intellectual properties or any part of the intellectual properties, or create derivative works or otherwise take advantage of any part of the intellectual properties;

n. facilitate any viruses or harmful programming routines;

o. (i) use an anonymizing proxy; (ii) use any temporary, disposable, self-destructive, or similar email address when opening a Fastex Account and/or using the Fastex Services; (iii) use any device, software, or routine to bypass our robot exclusion headers, or interfere or attempt to interfere with our Sites or the Fastex Services; and (iv) take any action that may cause us to lose any of the services from our internet service providers, or other suppliers;

p. create any security over your Fiat Currency or Virtual Assets held in any of your Fastex Account without our prior written consent; and/or

q. violate, or attempt to violate, (i) any Applicable Law; or (ii) ours or any third party’s Intellectual Propriety Rights.

You hereby represent and warrant to us, at all times, the following:

a. all documents and information you provide to us are true, accurate, complete, and up to date in all respects, and may be relied upon by us in determining whether or not you are eligible to access the Platform or to use the Fastex Services;

b. all decisions made in connection with these Terms were solely and exclusively based on your own judgement and after your own independent appraisal of your financial resources, ability and willingness to take relevant risks and financial objectives;

c. you have full power, authority, and capacity to (i) access and use the Platform and/or the Fastex Services; and (ii) enter into and deliver, and perform your obligations under these Terms and any agreement entered into pursuant to, or in connection with, these Terms, including, but not limited to, any Product Terms;

d. if you are a corporation, partner in a partnership, or trustee of a trust:

i. the corporation, partnership or trust has and will be operated in a way that is compliant with Applicable Law;

ii. you will notify us immediately if there is any change, by way of resignation, removal, appointment or death, of any of the directors, partners, trustees, settlor(s) or ultimate beneficial owners or any person authorised to operate your Fastex Account; and

iii. you will inform us immediately if the corporation, partnership, or trust is dissolved either on a voluntary or involuntary basis;

e. all consents, permissions, authorisations, approvals and agreements of third parties and all authorisations, approvals, permissions, consents, registrations, declarations, filings with any Regulatory Authority, governmental department, commission, agency or other organisation having jurisdiction over you which are necessary or desirable for you to obtain in order to (i) access and use the Platform and/or the Fastex Services; and (ii) enter into and deliver, and perform the Transactions contemplated under these Terms and any agreement entered into pursuant to, or in connection with, these Terms, have been unconditionally obtained in writing, disclosed to us in writing, and have not been withdrawn or amended;

f. these Terms and any agreement entered into pursuant to, or in connection with, these Terms constitute valid and legally binding obligations, enforceable against you in accordance with their respective terms;

g. that you are not a Restricted Person;

h. if you are a legal entity, you are duly incorporated, duly organised, and validly existing under the laws of your jurisdiction and have full power to conduct your business. If you are an individual, you are not less than 18 years old; and

i. your access and use of the Platform and/or the Fastex Services, your execution and delivery of, and the performance of your obligations under these Terms and any agreement entered into pursuant to, or in connection with, these Terms, will not:

i. if you are a legal entity, partner in a partnership or trustee of a trust result in a breach of or conflict with any provision of your constitution, articles of association, partnership agreement, trust deed or equivalent constitutive documents;

ii. result in a breach of, or constitute a default under, any instrument, agreement, document or undertaking to which you are a party or by which you or any of your property is bound or subject; and

iii. result in you, or cause us or any third party to, breach any Applicable Laws, decree or judgement of any court, or any award of any arbitrator or those of any governmental or Regulatory Authority in any jurisdiction.

28.1. Fastex Services and any information provided on the Sites and the Platform, including Chat Services, are provided on an “as is” and “as available” basis without any representation or warranty, whether express or implied, to the maximum extent permitted by Applicable Law. Specifically, we disclaim any implied warranties of title, merchantability, fitness for a particular purpose and/or non-infringement. We do not make any representations or warranties that access to the Sites, the Platform, any of your Fastex Account(s), Fastex Services, or any of the materials contained therein, will be continuous, uninterrupted, timely or error-free. This could result in the inability to trade on the Platform for a period of time and may also lead to time delays.

28.2. We may, from time to time, suspend access to your Fastex Account and/or the Fastex Services, for both scheduled and emergency maintenance. Where possible, we will provide advance notice of any such maintenance. We will make reasonable efforts to ensure that Transactions on the Platform are processed in a timely manner, but we make no representations or warranties regarding the amount of time needed to complete processing, which is dependent upon many factors outside of our control.

28.3. Although we make reasonable efforts to update the information on the Sites and the Platform, we make no representations, warranties or guarantees, whether express or implied, that the content on the Sites and the Platform, including information in relation to the Fastex Services, is accurate, complete or up to date.

28.4. Links to third-party websites (including, without limitation, content, materials, and/or information in the third-party websites) may be provided as a convenience but they are not controlled by us. You acknowledge and agree that we are not responsible for any aspect of the content, materials, information or services contained in any third-party websites accessible or linked from the Platform or the Sites.

28.5. You are responsible for obtaining the data network access necessary to use the Fastex Services. You are responsible for acquiring and updating compatible hardware or devices necessary to access and use the Fastex Services and Sites and any updates thereto and to maintain the security of relevant hardware or devices. Fastex does not guarantee that the Fastex Services, or any portion thereof, will function on any particular hardware or devices. The Fastex Services may be subject to malfunctions and delays inherent in the use of the internet and electronic communications.

29.1. You shall indemnify and hold harmless us from and against any claims, suits, actions, demands, disputes, allegations, or investigations brought by any third-party, governmental authority, or industry body, and all claims, liabilities, damages (actual and consequential), losses (including any direct, indirect or consequential losses, loss of profit, loss of reputation), costs, and expenses, including without limitation all interest, penalties and legal and other reasonable attorneys’ fees and other professional costs and expenses (“Indemnified Losses”), arising out of or in any way connected with:

a. your access to or use of your Fastex Account and/or the Fastex Services;

b. your breach or alleged breach of these Terms or your contravention of any other clause or sub-clause of these Terms, including any Product Terms and any other terms and conditions incorporated by reference;

c. your contravention of any Applicable Law; and

d. your violation of the rights of any third party.

29.2. We reserve the right to assume control of the defence of any third-party claim that is subject to indemnification by you, in which event you shall cooperate as fully required by us in asserting any available defences. You will not settle any claims or Indemnified Losses without our prior written consent.

29.3. You hereby agree to release us from any and all claims and demands (and waive any rights you may have against us in relation to any Indemnified Losses you may suffer or incur), arising directly or indirectly out of or in connection with any dispute that you have with any other user or other third party in connection with the Fastex Services (including any Virtual Asset Transactions) or the subject matter of these Terms.

30.1. Our liability, and the liability of the Fastex Affiliates, to you or any third parties in any circumstance is limited to the actual amount of loss or damage which is caused directly and is reasonably foreseeable by our breach of these terms, and shall in no event exceed the amount of Fees paid by you to Fastex in the 12 months preceding the event giving rise to the Loss. Such sum shall be paid by us to you in full and final settlement and satisfaction of our entire liability and the Fastex Affiliates’ entire liability for any loss or damage which is caused directly and is reasonably foreseeable by our breach of these terms. You acknowledge and accept that damages are an adequate remedy and that you shall not be entitled to any other claims or remedies at law or in equity, including but not limited to, any claim in rem, injunction, and/or specific performance.

30.2. Notwithstanding any other clause or sub-clause of in these Terms, in no event will we or any Fastex Affiliate be responsible or liable to you or any other person or entity for:

a. any direct or indirect losses (including loss of profits, business or opportunities), damages, or costs arising out of or in connection with:

i. any risk identified in the Risk Warning, as updated from time to time;

ii. the operation of the protocols underlying any Virtual Asset, their functionality, security, or availability;

iii. whether Backed Virtual Assets hold their value as against any asset, or if the issuer of the Backed Virtual Asset holds sufficient reserves in relation to any Backed Virtual Asset;

iv. any action or inaction in accordance with these Terms;

v. any inaccuracy, defect or omission of Virtual Assets price data, any error or delay in the transmission of such data, and interruption in any such data;

vi. regular or unscheduled maintenance we carry out including any service interruption and change resulting from such maintenance;

vii. the theft of a device enabled to access and use Fastex Services;

viii. other users’ actions, omissions or breaches of these Terms, and any damage caused by actions of any other third parties;

ix. (1) for any damage or interruptions caused by any computer viruses, spyware, or other malware that may affect your computer or other equipment, or any phishing,

spoofing, or other attack; (2) in the event that your hardware fails, is damaged or destroyed or any records or data stored on your hardware are corrupted or lost for any reason; or (3) for your use of the internet to connect to the Fastex Services or any technical problems, system failures, malfunctions, communication line failures, high internet traffic or demand, related issues, security breaches or any similar technical problems or defects experienced;

x. our decision to reject your application to open a Fastex Account(s), in accordance with sub-clause ‎7.1;

xi. any termination, suspension, hold or restriction of access to any Fastex Account or Fastex Services, including your inability to withdraw Virtual Assets, issue Instructions or enter into Transactions during the period of any suspension, hold or restriction, in accordance with these Terms or any Product Terms;

xii. any Transaction limits applied to your Fastex Account, in accordance with sub-clause ‎16.1;

xiii. any election by us to support or not support Virtual Assets, in accordance with sub-clause ‎30.1;

xiv. us being unable to contact you using the contact information you provided, in accordance with sub-clause ‎4.2;

xv. us closing a dormant account, in accordance with sub-clause ‎21.3;

xvi. the failure of a Transaction or the length of time needed to complete any Transaction;

xvii. the activities of liquidity providers;

xviii. our reliance on any Instruction sent from your Fastex Account, or the Email Accounts;

xix. our refusal or delay in acting upon any Instruction;

xx. any breach of security of your Email Account or a Security Breach;

xxi. the correctness, quality, accuracy, security, completeness, reliability, performance, timeliness, pricing or continued availability of the Fastex Services or for delays or omissions of the Fastex Services, or for the failure of any connection or communication service to provide or maintain your access to the Fastex Services, or for any interruption in or disruption of your access or any erroneous communications between us, regardless of cause; and

xxii. any Transactions, Instructions, or operations effected by you or purported to be effected by you through your Email Account or Fastex Account; and/or

b. any loss of business, profits, anticipated savings or opportunities, or any special, punitive, aggravated, incidental, indirect or consequential losses or damages, whether arising out of or in connection with our Sites, the Platform, your Fastex Account, the Fastex Services, these Terms, the Product Terms, the Privacy Policy and/or any agreement entered into pursuant to, or in connection with, these Terms or otherwise; and/or

c. any Dispute that has not been commenced by way of formal legal action within one calendar year of the matters giving rise to the Dispute, in accordance with the time limit for making a claim prescribed in sub-clause ‎33.3 below.

30.3. We are not liable for any damage or interruptions caused by any computer viruses, spyware, scareware, Trojan horses, worms, or other malware that may affect your computer or other equipment, or any phishing, spoofing, or other attack. We advise the regular use of a reputable and readily available virus screening and prevention software. You should also be aware that SMS and email services are vulnerable to spoofing and phishing attacks and should use care in reviewing messages purporting to originate from us. You and, where relevant, your Permitted Users are responsible for all login credentials, including usernames and passwords and must keep security details safe at all times.

31.1. If you have a complaint, please contact us to let us know and we will try to resolve it. You can make a complaint in writing using the following methods:

a. by email to Complaints@fastex.com ; and/or

b. through our Website at https://ae.fastex.com/ .

31.2. When submitting a complaint, please include your full name, email address, and phone number registered with Fastex, along with the details of your complaint.

31.3. Upon receiving your complaint, we will acknowledge receipt of your complaint within one (1) week, and resolve it within four (4) weeks from the date it was submitted. This resolution will include an explanation of our assessment and any remedial actions taken, if applicable.

31.4. If we cannot resolve your complaint, or you remain dissatisfied, you may also complain to our regulator, the VARA. You may also raise a Dispute in accordance with sub-clause ‎32.1 below.

32.1. In the event of a Dispute, a party shall first provide notice of that Dispute to the other party in writing to:

a. the following email address in the case of notice to us: support@fastex.com; and

b. the Email Account, in the case of notice to you.

32.2. What happens when you raise a Dispute. The parties shall seek to resolve the Dispute amicably. The discussions must remain confidential and without prejudice, and any settlement discussions or offer may not be used as evidence in any legal proceeding.

32.3. If we cannot resolve the Dispute. If the parties are unable to amicably resolve the Dispute within thirty (30) calendar days of the notice referred to in sub-clause ‎32.1 above (whether or not any attempt to resolve the dispute has been made by either party), the Dispute shall be referred to and finally resolved by arbitration in accordance with clause ‎33 below.

33.1. Any Dispute shall be referred to and finally resolved by arbitration under the Rules of Arbitration of the International Chamber of Commerce (the “ICC Rules”). The ICC Rules are incorporated by reference into these Terms.

In relation to any arbitration, and unless otherwise agreed by the parties:

a. the number of arbitrators will be one, to be appointed in accordance with the ICC Rules;

b. the seat or legal place of arbitration will be the Dubai International Financial Centre; and

c. the language used in the arbitral proceedings will be English.

ANY ARBITRAL AWARD MAY BE ENFORCED IN ANY COURT HAVING JURISDICTION OVER THE PARTY (OR OVER THE ASSETS OF THE PARTY) AGAINST WHOM SUCH AN AWARD IS RENDERED.

33.2. The parties agree that all matters related to the arbitration must be kept confidential. The existence of the arbitration, any non-public information provided in the arbitration, and any submissions, orders or awards made in the arbitration shall not be disclosed to any party except the tribunal, the International Chamber of Commerce, the parties, their counsels, experts, witnesses, accountants and auditors, insurers and reinsurers, and any other persons necessary to the conduct of the arbitration provided that such confidential information is provided to such parties on a confidential basis.

Notwithstanding the foregoing:

a. either party may disclose such confidential information to the extent that disclosure is required to fulfil a legal duty, protect or pursue a legal right, or enforce or challenge an award in bona fide legal proceedings; and

b. we may disclose such confidential information to Fastex Affiliates.

This sub-clause ‎will survive termination of these Terms and conclusion or stay of any arbitration brought pursuant to these Terms.

33.3. You must commence any arbitration proceedings against us within one calendar year of the matters giving rise to the Dispute, failing which you will not be entitled to any remedy, and Fastex shall be discharged from any liability in connection with the Dispute. You agree and acknowledge that this sub-clause ‎varies any limitation period otherwise prescribed, to the extent permitted under Applicable Law, and in any event, you shall be required to bring any claim against Fastex within the shortest time period permitted by the Applicable Law. A Notice of Arbitration may be served on Fastex in accordance with the Applicable Laws.

You and we agree that any claims relating to these Terms or to your relationship with us as a user of the Fastex Services (whether based in contract, tort, statute, fraud, misrepresentation, or any other legal theory, and whether the claims arise during or after the termination of these Terms) shall be brought against us in an arbitration on an individual basis only and not as a plaintiff or class member in a purported class or representative action. You further agree to waive any right for such claims to be brought, heard, or arbitrated as a class, collective, representative, or private attorney general action, to the extent permissible by Applicable Law. Combining or consolidating individual arbitrations into a single arbitration is not permitted without our consent.

36.1. You and any Permitted User must comply with all Applicable Laws, licensing requirements and third party rights (including data privacy laws and anti-money laundering and countering the financing of terrorism laws) in your use of the Fastex Services, your Fastex Account and the Platform.

36.2. We may give notice by email to your Email Account. It is your responsibility to ensure that the Email Account is up to date and accurate. Notices may be given, and are deemed to be received, if sent to your Email Account, whether or not a notice of delivery failure is received.

You may give us notices only as we direct, which may change from time to time.

Any notices, consent or other communication given under these Terms must be in writing, in English, and signed or otherwise authorised by the party giving it.

36.3. All official announcements, news, promotions, competitions and airdrops will be listed on the Website. These announcements are important, and may relate to issues that may impact the value of your Virtual Assets, or their security. You are responsible for monitoring the Website and reading and considering these announcements.

36.4. The Terms, together with any Product Terms, constitute the whole agreement between you and us with respect to the Fastex Services. Each party acknowledges that it has not relied on, and shall have no right or remedy in respect of, any statement, representation, assurance or warranty (whether made negligently or innocently) other than as expressly set out in the Terms or any Product Terms.

36.5. You may not assign or transfer any of your rights or obligations under the Terms without our prior written consent. However, we may assign or transfer any of our rights or obligations under the Terms at any time to anyone else, including, without limitation, in connection with any merger, acquisition, or other corporate reorganisation involving Fastex.

36.6. Invalidity. If, at any time, any clause or sub-clause of the Terms is or becomes illegal, invalid, or unenforceable in any respect, neither the legality, validity or enforceability of the remaining clauses or sub-clauses will in any way be affected or impaired.

36.7. These Terms may be translated into a language other than the English language. Any such translation is provided solely for your convenience. In the event of inconsistency or ambiguity, the English text will prevail.

36.8. Other than in relation to Fastex Affiliates, nothing expressed or referred to in these Terms will be construed to give any person other than the parties to these Terms any legal or equitable right, remedy, or claim under or with respect to these Terms or any clause or sub-clause these Terms. The Terms and all of its clauses and sub-clauses are for the sole and exclusive benefit of the parties to these Terms and their successors and permitted assignees.

36.9. All clauses and sub-clauses of these Terms, which by their nature extend beyond the expiration or termination of these Terms, will continue to be binding and operate after the termination or expiration of these Terms.

36.10. Fastex is an independent contractor but not an agent of you in the performance of these Terms. These Terms shall not be interpreted as facts or evidence of an association, joint venture, partnership, or franchise between the parties.

36.11. We record in your Fastex Account the quantity and type of any Virtual Assets that are held to your credit. When you Instruct Fastex to transfer or otherwise deal with Virtual Assets, Fastex will not use any specific Virtual Assets, however identifiable, to act on your Instructions. Subject to these Terms, Fastex will use Virtual Assets in the same quantity and of the same type as those credited to your Fastex Account when acting on your Instructions.

36.12. We will not be liable for any delay or failure to perform as required by these Terms to the extent the delay or failure is caused by a Force Majeure Event.

36.13. No delay or omission by us in exercising any right or remedy under the Terms will operate as a waiver of the future exercise of that right or remedy or of any other rights or remedies under the Terms. The rights and remedies provided in the Terms are cumulative and not exclusive of any rights or remedies provided by Applicable Law.

36.14. In addition to any legal or other remedy available under the Terms or by law, we may set-off any amounts you owe to us or any Fastex Affiliate under the Terms or otherwise against any amounts owed by us or any Fastex Affiliate to you. You must pay all sums that you owe to us free and clear without any set-off, counterclaim, deduction or withholding of any kind, save as may be required by Applicable Law.

36.15. If you receive information about another user through the Platform or from utilising the Fastex Services, you must keep the information confidential and only use it in connection with the Fastex Services and always in accordance with Applicable Laws. You must not disclose or distribute any user information to a third party or use the information in any manner except as reasonably necessary to effect a Transaction.

36.16. In the event of your death or incapacity, the representative(s) of your estate or the survivor or survivors must give us written notice as soon as practicable. If we have reason to believe you have died, we may suspend your Fastex Account. Your Fastex Account will be suspended until:

a. a representative of your estate or authorised beneficiary either (i) creates a Fastex Account in accordance with these Terms or (ii) provides wire transfer instructions; and

b. provides sufficient legal documentation that they are entitled to receive the assets in your Fastex Account; or

c. you provide satisfactory proof that you are not deceased.

Beneficiaries receiving a wire transfer will receive the liquidated value of the assets in the Fastex Account, less any fees and costs associated with the transfer. Our ability to provide your representative(s) with the assets in your Fastex Account is subject to the restrictions imposed by Applicable Law and these Terms. We do not commit to any particular timeline for the transfer of assets held to the credit of your Fastex Account.

36.17. It is your responsibility to determine what, if any, taxes apply to the payments you make or receive, and it is your responsibility to collect, report, and remit the correct tax to the appropriate tax authority. You agree that we are not responsible for determining whether any taxes apply to your use of the Fastex Services, or for collecting, reporting or remitting any taxes arising from any Transaction or use of the Fastex Services.

You acknowledge that we may make certain reports to tax authorities regarding Transactions made on the Platform, and that we may, in our sole discretion or as required by Applicable Law, provide you with additional documentation or records needed by you to calculate any tax obligations. We may also withhold and deduct at source any taxes due under Applicable Law in our sole discretion.

36.18. We will comply with Client Agreements at all times.

36.19. We ensure that, in addition to all applicable laws, including but not limited to consumer protection laws, the Terms comply with the general requirement to act honestly, fairly, and in the best interests of You and the integrity of the market.

36.20. We maintain a record of all versions of Client Agreements and can identify all changes made between versions.

Terms of Use

RISK WARNING

INFORMATION ABOUT OUR AGREEMENT WITH YOU

1. Introduction

2. Definitions and interpretation

3. Eligibility

4. Contact information

5. Fastex Services

Function

Service Provider

Description and key points of contract

Internal or External

6. Fees

INFORMATION ABOUT YOUR FASTEX ACCOUNT

7. Creating a Fastex Account

8. Client Money

9. Safe Custody

10. Information requests

11. Accessing your Fastex Account

12. Account information and Transaction records

USING YOUR ACCOUNT

13. Instructions

14. Transactions

15. Material interests and conflicts

16. Transaction limits

17. Supported Virtual Assets

18. Account security

OTHER IMPORTANT INFORMATION

19. Privacy

20. Changes to these Terms

21. Closing your Fastex Account

22. Termination, suspension, holds and restrictions

INTELLECTUAL PROPERTY

23. Background IP

24. Licence of Fastex IP

YOUR OBLIGATIONS AND LIABILITY

26. Prohibited use

27. Representations and warranties

28. Technology disclaimers

29. Indemnity

30. Liability

RESOLVING COMPLAINTS AND DISPUTES

31. Complaints

32. Notice of claim

33. Agreement to arbitrate

34. Applicable Law

35. Class action waiver

GENERAL INFORMATION

36. General terms