affiliate
accounts
This Partnership Agreement on the public offer, hereinafter referred to as Agreement, is made between LiteForexGroup of Companies Inc., hereinafter referred to as the Company and physical or juridical entity who opens aPartnership Account with the Company, hereinafter referred to as Partner, in the manner and on terms that are regulated by this Agreement which are freely available on the official website of Company at: http://www.liteforexpartner.com/, hereinafter referred to as website.
1. General conditions.
1.1 A Partner above all is a Client of the Company who has all rights and obligations of a Client within a framework established in the Regulations on Quotations and Rules of Investment Accounts service.
1.2 Each participant of the Partnership Program is committed to comply with this Agreement.
1.3 This Partnership Agreement comes into force when terms and conditions of this Agreement are fully and unreservedly accepted, i.e. when a person who receives an offer, confirms his/her consent to conclude this Agreement. The Partnership Agreement is accepted if a Partner performs the following actions:
1.3.1 Completes the Registration Form in the Trader’s Cabinet, or carries out the straightforward procedure of registration at the Company’s website thus opening a Partnership Account with the Company;
1.3.2 Get familiarized with and accept Agreement on public offer for the Program “PAMM-Partner”;
1.3.3 Receive Partner’s code (ID) for the “PAMM-Partner” Program.
1.3.4 Place affiliate links on the Information resources.
1.4 Partnercan perform actions and be represented to third parties only as a Client of the Company.
1.5 Program “PAMM-Partner” is designed to attract new Investors to the Company with the help of referral links of Partners and for cooperation with Managers as Partners of a Manager.
1.6 An Investor is considered to be attracted by a Partner if he/she opens an account with the Company using referral link located on the Partner’s information resource.
1.7 Neither a Partner, nor his/her relatives or any affiliatedentities of a Partner can become a Referral of a Partner. If coincidence in the details of a Partner and a Referral (such as passport details, addresses, telephone number, e-mail, ip address,ect.) is detected, the account of the Referral will be excluded from the list of Partner’s Clients and payment on such account will not be made. Accounts which are managed from the same ip address are considered to be equivalent to the single active account, and in case of intersection with the address of a partner will be considered as an affiliated one, so commission fees to such accounts are not paid.
1.8 The Company does not provide a Partner with information on trading and balance operations of a Manager or Investor and does not give any personal information about them.
1.9 Partner’s code/ID of a Partner is stored in the ‘cookies’ of ‘internet explorer’ until a Client clears the cache memory of his/her computer.
1.10 Relocation of a Client from one Referral Group to another or placement of a Client who does not belong to any Referral Group into one of the referral groups can only be made if a confirmation letter is received to the e-mail address: partner@liteforex.com from mailbox of a Client specified in his/her profile.
1.10.1 Relocation of a Client from one Referral Group to another is not allowed if deposit is made to a Client’s account or/and trading operations are carried out from this account.
1.10.2 Relocation of Client’s account into Partner’s referral group is not allowed if a Client has been registered in the Cabinet prior to a Partner’s registration in the Partnership program.
1.11 Fund of the Partner’s account which is used for settlements is nominated in USD.
2. Responsibilities of Partner.
2.1 Ensure that his/her activity complies with legislation of the country of residence.
2.2 Not to use dishonest methods of attraction of referrals, or methods which contradict to business norms, including:
а) Use of sites containing (or linked to) information which contradicts to norms of ethics and morality.
b) Use of online viruses, malicious programs and scripts, pop-ups, spam, including promotional mailing to existing e-mails if the owner of the e-mail did not express explicit consent to receiving such mailing;
c) Use of any search systems, systems of contextual advertising or advertisement on sponsored search to advertise his/her referral links.
d) Or other which may cause harm to the positive image of the Company
2.3 Provide true, correct and full information about yourself, asspecified in the Trader’s Cabinet at Company’s site for fully verified profiles and duly inform all changes to personal or contact details via electronic communication system which enables:
а) Promptly provide the Company with information;
b) Make sure that notification has been made by a Partner;
2.4 Create your own affiliate network by attracting new partners for cooperation.
2.5 Do not use design of the Site or any of its components (including complete or partial copying of its content or structure) except for the logo and banners, prior to written consent of the Company.
3. Responsibilities of the Company.
3.1 Company undertakes to arrange settlements with a Partner in accordance with technically appropriate procedure for crediting commission fees to the commission account in the amount and on terms specified in this Agreement.
3.2 Company is entitled to ask a Partner to provide information resource of a Partner for the revisionof a hosted affiliate links. If information resource is not provided or conditions specified in paragraphs 2.1-2.5 are violated, Company can refuse to grant partnership accounts or reject provision of the resource.
3.3 Company does not pay lost for profits and does not cover moral damages.
3.4 Company has the right to request from a Partner proof and confirmation of the registration data provided upon opening of the trading account. Company can request submission of electronic copy of passport or a notarized copy at Company’s discretion and one more document issued not later than three months prior to its submission to the Company which contains details of a Partner’s name, his/her actual address as per AML/CFT policy provided on Company’s Site and as per requirements of the Law 188(1)/2007 of 31.12.2007 (European Union) and the Law 115-ФЗ of 7 August 2001.
3.5 Under no circumstances shall the Company be liable for any actions of Partner committed in violation of provisions of this Agreement.
4. Partner commission fees.
4.1 Procedure of crediting commission fees into Affiliate account:
4.1.1 The process of reckoning and crediting of Partner’s commission fees into the appropriate accounts is carried out during Rollover, initiated by Manager or Investor.
4.1.2 Share of Partner’s remuneration for the accounts of attracted Investors is awarded by Manager. The amount of commission for Investor’s Partner is calculated as a percentage of the remuneration of Manager and is equal for all Investors’ Partners within a given PAMM account.
4.1.3 Share of Partner’s remuneration from profit gained on all accounts of PAMM account is awarded by Manager. Remuneration for Manager’s Partner is calculated as a percentage of the remuneration of Manager, available after settlements with all Investor’s Partners and the amount of which can be different for each Manager’s Partner.
4.1.4 The total amount of commission fees for all Partners of Manager shall be limited to 100%.
4.1.5 Upon registration of a Referral in the Partner’s Program a Partner receives 10% of the commission fees of Sub-Partner.
4.2 Procedure of settlements with a Partner.
4.2.1 Commission, credited to a Partner’s account, can be easily withdrawn from the system or transferred to Partner’s trading account in full amount, upon Partner’s request and subject to compliance with conditions of paragraphs 4.1.1 -4.1.5 of this Agreement.
4.2.2 Partner can request to transfer commission to any payment system proposed in the Client’s Cabinet.
4.2.3 Withdrawal or transfer of the commission is made through the Clients’ Cabinet in the Site.
4.2.4 Payment period of the remuneration is 5 working days from the date of application.
4.2.5 Minimum withdrawal amount for electronic payment system is 1 (one) USD and for bank transfer is 500 USD (five hundred USD)
4.2.6 Partner is obliged to pay commission fee for withdrawal of funds from Partner’s account.
4.3 Company shall not credit commission fee to a Partner in the event of apparent violation by a Client of the terms of Company’s Agreement on Quoting System and Transactions Procedure (see paragraphs 7.2, 7.3)
4.4 In the event of detecting violation of paragraphs 2.1-2.5 of this Agreement, the Company reserves rights to terminate the Agreement unilaterally and cancel all unpaid commission.
5. Changes in the terms of Agreement, and Termination of Agreement.
5.1 The Company has the right to change the terms of this Agreement by updating this Agreement at Company’s website and notifying Partners through internal mail of the terminal. All changes come into force within 7 calendar days (seven) from the date of update of the Agreement at the website.
5.2 A Partner has the right to terminate this Agreement at any moment, by written notice to the Company by e-mail to: partner@liteforex.com. In this case Company’s obligations are deemed satisfied after full settlements with a Partner.
5.3 If balance operations have not been carried out on Partner’s account for three months, Partner’s account will be moved to the Archive.
5.3.1 Partner’s account is deemed inactive if for any reason it has been moved into the Archive.
5.3.2 A Client can join a Referral Group only if Partner’s account is active.
5.3.3 If Partner’s account is inactive, a Client cannot join a Referral Group. Commission fees are not deposited into inactive account, including fees for trading operations of the existing Referrals.
5.3.4 After retrieval of the Partner’s account from the Archive Clients’ account can be added into his/her Referral Group when confirmation is received into the e-mail:partner@liteforex.com from the Client’s mailbox specified in his/her profile.
5.3.5 Inactive account can be retrieved upon Partner’s request and on the sole discretion of the Company. After recovery of the Partner’s account, commission fees for the inactive period are not accrued.
5.4 All claims and disputes are settled through correspondence by e-mail to: partner@liteforex.com
5.5 In the event of disagreement English version of this Agreement shall have priority over versions of this Agreement in other languages.