- Introduction
AI Global Group is a platform providing online trading such as cryptocurrencies, CFD, commodities, stocks and indices to its Users. By accessing and using our platform, Users agree to comply with the following terms and conditions.
- Eligibility
Users of our services must be at least 18 years of age and have the legal capacity to enter a contract. They also must be residents of a country where the use of cryptocurrency is legal.
- Account Registration
To use our platform, Users must register an account and provide us with accurate and complete information. Users must also maintain the security of their account information, including their password. Users are responsible for any activity that occurs under their account.
- Account verification
To comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, all Users must undergo a verification process before they can start trading on our platform. This process may include providing personal identification documents and other relevant information. AI Global Group reserves the right to refuse anyone who fails to complete the verification process or whose account is deemed to pose a potential risk under KYC and AML guidelines. By using our platform, Users agree to cooperate fully with our verification process and provide accurate and up-to-date information when requested.
- Capital Gains Tax
Capital gains tax is a type of tax that is levied on the profits that an individual earns from selling assets such as cryptocurrencies, stocks, and bonds. The tax rate can vary depending on various factors such as the holding period, the type of asset, and the tax laws in the jurisdiction where the transaction occurred. Attempting to avoid paying capital gains tax, whether intentionally or unintentionally, can be considered as money laundering, which is a criminal offense.
Because it is not always easy for Users to navigate the complex world of global tax laws, AI Global Group offers to take responsibility for paying global gains tax on behalf of their Users. However, Users must understand and undertake their tax obligations and ensure that they have sufficient funds to pay any tax owed. Failure to pay the required capital gains tax may result in legal consequences, such as penalties or fines.
- Fees
Fees and charges might be associated with the process. It is the responsibility of the account holder to ensure that they fully understand and undertake the amount associated to them. If a User has outstanding fees or charges, he will be refused the withdrawal of his balance or the closure of his account.
- Broker Fees
The provision of the Services by the Company is subject to payment of fees such as brokerage fees / commissions, Swaps/Rollover and other fees called “Broker Fees”, that is a fixed rate of 5% on generated profits.
- Inactivity Fees
If the User Account is inactive for one month or more (not login in, not answering the phone or not opening trade), the Company reserves the right, after notifying the User via phone or email and by using the User’s last known contact details; and shall have the right to render the account dormant. Money in the dormant account shall remain available for the Company to proceed to the payment of inactivity fees of $100 per month of inactivity.
- Administration Fees
The trading account may be subject to an annual administration fee. After 12 consecutive months of non -use (“Annual Inactivity Period”), an administration fee of 500 will be deducted from the value of their trading account. This fee is subject to the relevant currency-based account.
- Account termination fees
If a User breaches their obligations as outlined in the terms and conditions of their trading account, the broker may impose an account termination fee of $50 per month of use of the trading platform and a flat fee of 17% of the total profit generated.
This fee is designed to compensate the broker for any costs or losses incurred as a result of the breach. It is important for Users to fully understand their obligations as outlined in the terms and conditions of their trading account, and to take all necessary steps to comply with these obligations. Failure to do so may result in the imposition of an account termination fee, as well as other potential penalties or consequences.
- Closing account fees
When a User wishes to close their trading account, a closing account fee will be imposed by the broker of 17% of the total amount of profit generated. This fee is designed to compensate the broker for any costs or expenses associated with closing the account, such as administrative costs or other fees.
Users should also be aware that closing their trading account may have other consequences, such as the loss of any open positions or the potential for capital gains or losses. It is important for Users to carefully consider their decision to close their trading account, and to consult with their personal account manager if they have any questions or concerns regarding the process or potential outcomes.
- Deposit and Withdrawal
Users may deposit and withdraw cryptocurrency to and from their account on our platform. We may charge a fee for these transactions. Users are responsible for ensuring that Users send the correct cryptocurrency to the correct address.
- Insurance Coverage
The trading company has insurance coverage to protect our Users from losses due to trading, theft, fraud or the company closing. Our insurance policy covers up to $500,000. However, our insurance coverage is subject to the limitations and exclusions of the insurance policy. Please contact us for more information regarding our insurance coverage.
- Risk Disclosure
Before using this trading platform, it is important for Users to understand and acknowledge the potential risks involved in trading financial instruments. The value of investments can fluctuate and may result in losses that exceed the initial investment. The trading platform can’t be held responsible for verifying either that the Users possess sufficient knowledge or whether their trading choices. The broker does not guarantee any profit or return on investment and cannot be held responsible for any financial losses incurred while using the platform. Additionally, trading involves market risks, including but not limited to volatility, liquidity, and regulatory risks. Users of this platform are advised to carefully consider their financial situation, investment objectives, and risk tolerance before engaging in any trading activities. By using this trading platform, Users acknowledge and accept these risks and agree to hold the platform harmless from any financial losses or damages incurred while trading.
- Prohibited Activities
Users may not use our platform for any illegal or fraudulent activity. Users may not engage in any activity that interferes with the operation of our platform or that harms our reputation.
- Intellectual Property
Our platform and all content on our platform, including but not limited to text, graphics, logos, and images, are the property of [company name] and are protected by copyright, trademark, and other intellectual property laws.
- Limitation of Liability
We are not liable for any losses or damages that result from their use of our platform, including but not limited to any direct, indirect, incidental, or consequential damages. We are not responsible for any third-party content on our platform.
- Indemnification
Users agree to indemnify and hold us harmless from any losses, damages, or expenses, including attorneys’ fees, that result from their use of our platform or their breach of these terms and conditions.
- Termination
We may terminate their account and their access to our platform at any time for any reason without notice.
- Governing Law
These terms and conditions are governed by and construed in accordance with the laws of Australia. Any dispute arising out of these terms and conditions will be resolved in the courts of Australia.
- Changes to Terms and Conditions
We may change these terms and conditions at any time without notice. Their continued use of our platform after any changes to these terms and conditions will constitute their acceptance of the changes.
If Users have any questions about these terms and conditions, please contact us at [email protected].