Terms and Conditions
TERMS AND CONDITIONS FOR EDU ONLINE TRADER
These General Terms and Conditions of www.eduonlinetrader.com powered by AKO SOLUTIONS LLC – DUBAI (hereinafter “AKO SOLUTIONS”) regulate the rights and obligations associated with the use of services provided by AKO SOLUTIONS – Dubai, which are offered on the website https://www.eduonlinetrader.com (the “Site”).
Please read this document carefully.
If you do not agree with its wording or do not understand any part, do not use the services.
1.1. These General Terms and Conditions (“Terms”) of AKO SOLUTIONS govern your (“you”, “your” or “Client”) rights and obligations in connection with the use of services provided by AKO SOLUTIONS, located at 223, Iridium Building, Al Barsha 1, Dubai, United Arab Emirates, Trade Licence number: 887171 (“we”, “our” or “Provider”).
1.2. At the moment of registration on the Site or, in cases where registration is not required, no later than the first use of the Services, you enter into a contract with the Provider, the subject of which is also the provision of educational Services. The Terms are an integral part of such a contract, and by entering into a contract with the Provider, you agree to them.
1.3. The Services are intended only for persons over the age of 18 who reside in the country for which the Services are available. By registering on the Site, you confirm that you are over 18 years of age. If you are under 18 years of age, you may not use the Services. You acknowledge that access to and use of the Services may be restricted or prohibited by law in some countries, and you agree to access and use the Services only in accordance with applicable laws.
1.4. The services consist of providing tools for simulated dealing with foreign currencies on the FOREX market or with other instruments on other financial markets, analytical tools, education and educational materials, and other accompanying services, in particular through the Client Zone or by providing access to applications provided by the Provider or by third parties. Information from financial markets is used to simulate or learning, but you acknowledge that any practicing you do through the Services is purely fictitious. You also acknowledge that the funds provided to you for fictitious practicing are fictitious, and you do not have any right to deal with them beyond the scope of their use within the Services, in particular, they cannot be used for real dealing, and you are not entitled to their payment. Unless otherwise expressly agreed, you will not be paid any rewards or profits based on the results of your fictitious practicing , nor will you be liable for any losses.
1.5. NONE OF THE SERVICES PROVIDED TO YOU BY THE PROVIDER CAN BE CONSIDERED AS INVESTMENT SERVICES WITHIN THE MEANING OF THE FINANCIAL LAW, ABOUT BUSINESS ON THE CAPITAL MARKET OR REGULATION MARKET. THE PROVIDER DOES NOT GIVE OR PROVIDE ANY INSTRUCTIONS, INSTRUCTIONS, OR INFORMATION TO YOU ON HOW OR IN WHAT WAY YOU SHOULD PRACTICE WHEN USING THE SERVICES OR OTHERWISE, OR ANY SIMILAR INFORMATION ABOUT THE INSTRUMENTS TRANSACTED, OR WILL RECEIVE SUCH INSTRUCTIONS, INSTRUCTIONS, OR INFORMATION FROM YOU. NONE OF THE SERVICES CONSTITUTE INVESTMENT ADVICE OR RECOMMENDATION. NO EMPLOYEES OR OTHER EMPLOYEES OR REPRESENTATIVES OF THE PROVIDER ARE AUTHORIZED TO PROVIDE INVESTMENT ADVICE OR RECOMMENDATIONS. IN THE EVENT THAT ANY INFORMATION OR STATEMENT OF ANY EMPLOYEE OR OTHER EMPLOYEE OR REPRESENTATIVE OF THE PROVIDER SHOULD BE CONSTRUED AS INVESTMENT ADVICE OR RECOMMENDATION, THE PROVIDER SHALL NOT BE RESPONSIBLE.
1.6. We process your personal data in accordance with the Personal Data Processing Rules of AKO SOLUTIONS.
1.7. See Article 18 for the meanings of definitions, terms, and abbreviations used in these Terms.
SERVICES AND THE ORDERS
2.1. You can order the Services through the Site by filling out the relevant registration or order form. After registration and payment, we will send you login details for the Client Zone and/or Educational Platform by email and allow you to access them.
2.2. As part of the Services, among other things, AKO SOLUTIONS Challenges and Verifications are provided, while these products may differ in the scope of the Services provided.
2.3. All data that you provide to us through the registration or order form, the Client Zone, or otherwise must be complete, true, and up-to-date. You must immediately notify us of any change in your data or update your data in your Client Zone or send us an email. The Client is responsible for all provided data, and the Provider is not obliged to verify them.
2.4. You acknowledge that if you provide an identification number, tax identification number, or similar information, you will be considered an entrepreneur for the purposes of these Terms and the use of the Services, and the provisions of these Terms or applicable laws that grant rights to consumers do not apply to you.
2.5. The fee for the AKO SOLUTIONS Challenge depends on the amount of provided virtual business capital, the degree of permissible risk, the parameters that must be met to meet the conditions of the AKO SOLUTIONS Challenge, and possibly other configurations. More detailed information about the individual variants and the fees can be found on our Site. The fee will be determined for you based on the chosen variant of the Challenge when filling out the form for ordering the AKO SOLUTIONS Challenge. The Provider reserves the right to provide Services also under individually agreed conditions. All individually agreed conditions are determined by the Provider at its discretion. Individual discounts and other advantages cannot be combined, unless otherwise expressly stipulated by the Provider.
2.6. The fee must be paid for making the AKO SOLUTIONS Challenge available or for Services that are provided as part of AKO SOLUTIONS Challenges. The Client is not entitled to a refund of the fee, for example, if they cancel their Client Zone or request it by email, prematurely terminate the use of the Services (for example, do not complete the Challenge or Verification), if the Client does not fulfil the conditions of the Challenge or Verification, or if they violate these Terms.
2.7. In the event that the Client unjustifiably claims or disputes the paid fee with their bank or payment service provider (e.g. through chargeback, dispute, or other similar services), on the basis of which a cancellation or refund of the fee or part thereof was requested, the Provider is entitled, at its discretion, to terminate the current and refuse future provision of any services to the Client.
2.8. Your selection of the AKO SOLUTIONS Challenge variant, which you choose, will also apply to the Verification that will follow up on the given AKO SOLUTIONS Challenge. If you are ordering a new AKO SOLUTIONS Challenge, the restrictions set out in this Article 2.8 do not apply.
2.9. The Provider reserves the right to unilaterally change the fees and parameters of the Services at any time, including the parameters for their successful fulfilment. The change does not affect Services that you purchase before the change is announced.
2.10. The data entered in the order form can be checked, corrected, and changed until the binding order of the Services. You place an order for the Services you have selected by submitting an order form. The Provider will immediately confirm receipt of the order to your email. In the case of the AKO SOLUTIONS Challenge, the order is completed at the moment of the fee received by the Provider for the selected challenge (more on this in Article 3.4), which results in the conclusion of a contract between the Client and the Provider, the subject of which is the provision of AKO SOLUTIONS Challenge and, if the conditions of the Challenge are met, then Verification can be considered. The contract can be concluded in the English language. We archive the contract in electronic form.
2.11. You acknowledge that in order to use our Services, you must procure the appropriate hardware and software at your own risk and expense. The site is accessible from most commonly used web browsers. It is your responsibility and expense to establish Internet access, obtain a device and web browser, and keep them updated. The Provider makes no warranty as to the compatibility of the Services with any particular device or program. The Provider does not charge any additional fees for internet connection.
2.12. You acknowledge that the operator of the Educational platform is a person different from the Provider and that when using their services and products, their own conditions and principles of personal data processing may apply. Before sending the order form, you are obliged to familiarize yourself with these conditions and principles of personal data processing. Also, based on these conditions and fully understanding the Terms, you have decided to pay for this service.
2.13. In the event that the Client orders an unusually high number of Services in an unusually short time, the Provider may notify the Client of this fact via the Client Zone or email. These are our protective measures to limit potential harmful or gambling behaviour of the Client. If such non-standard behaviour continues even after receiving notice, we reserve the right to suspend any further orders of the Services by the Client. In the event that this non-standard behaviour is found to be related to the Client’s involvement in any Prohibited Business Practices, we reserve the right to proceed in accordance with Article 5 of these Terms. We further reserve the right to make a decision, entirely at our sole discretion, about the nature of the conduct described above and any limits to its assessment.
3.1. Fees for variants of AKO SOLUTIONS Challenges are set in USD. The fee can also be paid in other currencies. In the case of payment of the fee in another currency, we will convert the amount for the fee of the chosen variant of the Challenge from USD to the selected currency according to the current exchange rate. The Client acknowledges that if they make the payment in another currency, the amount will be recalculated according to the current exchange rates valid at the time of payment.
3.2. Fees for the Services are inclusive of all taxes. In the event that the Client is an entrepreneur, they are obliged to fulfil all their tax obligations in connection with the use of our Services according to applicable legal regulations and, in the event of an obligation, they are obliged to properly pay tax or other fees.
3.3. You can pay the fee for the chosen variant of the Challenge also by bank transfer or other payment options that the Provider currently offers on the Website.
3.4. In the case of payment by credit card or other express payment, the payment is made immediately. If you choose a bank transfer for payment, we can subsequently send you a proforma invoice in electronic form with the amount of the fee for the challenge variant you have chosen. You undertake to pay the amount within the period specified in the pro forma invoice. The fee is considered paid when the entire amount is credited to the Provider’s account. If you do not pay the amount on time, the Provider is entitled to cancel your order. The Client bears all fees charged to them by the selected payment service provider (according to the valid price list of the payment service provider) in connection with the transaction, and the Client is obliged to ensure that the fee for the chosen option of AKO SOLUTIONS challenge is paid to the Provider in full.
4.1. It is allowed to have only one Client zone for the Client on the Site, and all Services used by the Client are conducted in this Client zone or in email communication.
4.2. The total number of AKO SOLUTIONS challenges for one Client Zone may be limited.
4.3. Access to the Client Zone and the Educational Platform is protected by login data, which the Client must not make available to any third party. If the Client has registered as a legal entity, it may allow its employees or other authorized persons and representatives to use the Services through its Client Zone. The Client is responsible for all activity that occurs through the Client’s Client Zone or Educational Platform. The Provider bears no responsibility, and the Client is not entitled to any compensation for any misuse of the Client Zone, Educational Platform, or any part of the Services and for any negative consequences resulting from this to the Client, if such misuse occurs due to the Client’s behavior.
4.4. The Client acknowledges that the Services may not be available continuously, especially with regard to maintenance, improvements, or for any other reason. In particular, the Provider bears no responsibility, and the Client is not entitled to any compensation, for the unavailability of the Client Zone or the Educational Platform and for the damage or loss of any data or other content that you as a Client upload, transfer or store through the Client Zone or the Educational Platform.
4.5. The client can request cancellation of the Client Zone at any time by sending an email to email@example.com. Sending a request to cancel the Client Zone is considered a termination of the contract by the Client, and the Client will no longer be entitled to use the Services, including the Client Zone and the Educational Platform. The Provider will immediately confirm the receipt of the request to the Client by email, thereby terminating the contractual relationship between the Client and the Provider. In such a case, the client is not entitled to any reimbursement, refund of already paid fees or otherwise incurred costs.
SIMULATED PRACTISING RULES
5.1. During simulated practising in the Educational Platform, the Client may make any transactions, unless they are prohibited dealing strategies or transactions within the meaning of Article 5.4. At the same time, the Client agrees to comply with standard rules and practices as per real dealing on financial markets (e.g. risk management rules). Restrictions may also be imposed by the terms of the Educational Platform.
5.2. As a Client, you acknowledge that the Provider has access to information about fictitious transactions that you make in the Educational Platform. You grant the Provider consent to share this information with persons who are in a group with the Provider or are otherwise associated with it, and you grant the Provider and these persons consent and authorization to deal with this information as they wish. You agree that these activities can be carried out automatically without requiring further consent, consultation or approval on your part, and without the right to any reward or revenue associated with the use of data by the Provider or persons who are with The provider in the group or are otherwise connected with it. We are aware that you are not providing us with any investment advice or recommendation by fictitious practicing. You acknowledge that you can stop fictitious practicing in the Educational Platform at any time.
5.3. The Provider bears no responsibility for the information displayed in the Educational Platform, nor for any interruption, delay or inaccuracy in the market or statistical data displayed through the Educational Platform or tools accessible from the Client Zone.
5.4. PROHIBITED BUSINESS PRACTICES
5.4.1. DURING SIMULATED, FICTITIOUS OR VIRTUAL PRACTICING IT IS PROHIBITED:
(a) KNOWINGLY OR UNKNOWNLY USING BUSINESS STRATEGIES THAT EXPLOIT AN ERROR IN THE SERVICES SUCH AS ERRORS IN THE DISPLAY OF PRICES OR DELAYS IN THEIR UPDATE;
(b) EXECUTE TRANSACTIONS USING AN EXTERNAL OR SLOW DATA FEED;
(c) CONDUCT, INDIVIDUALLY OR JOINTLY WITH OTHERS, INCLUDING BETWEEN LINKED ACCOUNTS, OR TRANSACTIONS OR COMBINATIONS OF TRANSACTIONS, THE PURPOSE TO MANIPULATE TRANSACTIONS, SUCH AS SIMULTANEOUSLY OPENING OPPOSITE POSITIONS;
(d) EXECUTE TRANSACTIONS IN VIOLATION WITH THE TERMS OF THE PROVIDER AND THE TERMS OF THE EDUCATIONAL PLATFORM;
(e) USE TOOLS SUCH AS BUSINESS SOFTWARE, ARTIFICIAL INTELLIGENCE, HIGH SPEED TOOLS, OR MASS DATA INPUTS THAT COULD MANIPULATE, ABUSE, OR GIVE CUSTOMER AN UNFAIR ADVANTAGE WHEN USING OUR SERVICES; OR
(f) OTHERWISE EXECUTE TRANSACTIONS CONTRARY TO HOW ACTUALLY PRACTISED ON THE FOREX MARKET OR OTHER FINANCIAL MARKET OR IN A WAY THAT CAUSES A LEGITIMATE FEAR THAT THE PROVIDER COULD SUFFER FINANCIAL OR ANY OTHER DAMAGE AS A RESULT OF THE CUSTOMER’S ACTIVITIES.
(g) EXCHANGED INSTRUMENTS CAN’T INCLUDE OPEN TRANSACTION FOR THE SAME INSTRUMENT IN A BUY AND SELL POSITION IF THE DIFFERENCE IS LESS THAN 20 PIPS, AS WELL AS A CLOSED TRADE IN THE AMOUNT OF LESS THAN 8 PIPS (“SCALPING”), OR THE CLOSE OF ANY INSTRUMENT IS LESS THAN A MULTIPLE OF THE COEFFICIENT OF 1.0008 FROM OPEN PRICE. Clients can easily view all valid trades and their associated volumes in their Client zone on the Site.
THE PROVIDER RESERVES THE RIGHT TO DELETE THESE TRANSACTIONS AT THEIR DISCRETION. EXPERT ADVISERS, SCRIPTS OR WHATEVER IS NOT ALLOWED.
5.4.2. Furthermore, the Client must not abuse the Services by executing transactions without applying standard as per REAL market rules of risk management for practicing in financial markets, which include, among others, the following procedures:
(i) opening significantly larger position sizes compared to other transactions of the Client, regardless of whether on this or any other account of the Client, or
(ii) opening a significantly smaller or larger number of positions compared to other transactions of the Client, regardless of whether on this or any other account of the Client.
The Provider reserves the right to decide, in its sole discretion, whether certain transactions, procedures, strategies or situations are Prohibited Business Practices.
5.5. If the Client engages in the Prohibited Business Practices described in Article 5.4.
(i) the Provider may consider this to be a failure to meet the conditions of the Challenge or Verification given by EduOnlineTrader or
(ii) may remove fictitious transactions that violate the prohibition from the Client’s transactions history and/or their results not count towards profits and/or losses achieved through fictitious practicing, and/or
(iii) immediately stop providing all Services to the Client and terminate this Agreement with NO refund rights.
5.6. In the event that some or all of the Prohibited Business Practices are implemented on one or more AKO SOLUTIONS Challenges from one Client, accounts of multiple Clients, or in the form of a combination of practicing across, then the Provider is entitled to cancel all Services and terminate all contracts with the Client and all AKO SOLUTIONS Challenges and Services. The Provider is entitled to take steps according to the articles 5.5 and 5.6 entirely at its own discretion.
5.7. In the event that any of AKO SOLUTIONS virtual accounts have been used or participated in the implementation of Prohibited Business Practices, such actions will be considered a violation of the relevant Terms and conditions IT may result in the cancellation of all virtual accounts and the termination of all relevant contracts with the Provider.
5.8. If the Client commits any of the practices described in Article 5.4 repeatedly and the Provider has already warned the Client about this, the Provider may block the Client’s access to all or only some of the Services, including access to the Client Zone and the Educational Platform, without compensation. In such a case, the client is not entitled to a fees refund already paid.
5.9. The Provider bears no responsibility for the practicing or other activities that the Client carries out outside the relationship with the Provider, for example by using data or other information from the Client Zone, Educational Platform or otherwise related to the Services during his real exchange on the financial markets at the different provider.
5.10. DEVELOPMENTS IN FINANCIAL MARKETS ARE SUBJECT TO FREQUENT AND RAPID CHANGES. PRACTICING IN THE FINANCIAL MARKETS MAY NOT BE PROFITABLE AND MAY RESULT IN SIGNIFICANT FINANCIAL LOSSES. THE CUSTOMER’S PREVIOUS PERFORMANCE AND FICTITIOUS PROFITS ARE NOT A GUARANTEE OR INDICATION OF FUTURE PERFORMANCE.
AKO SOLUTIONS CHALLENGES AND VERIFICATIONS
6.1. After payment of the fee for the Client’s choice of AKO SOLUTIONS CHALLENGE, the Client will receive the relevant login data to the Educational platform by email or to the Client Zone. The Client activates the Challenge by opening the first fictitious transaction in the Educational Platform and IF YOU ARE A CONSUMER, YOU ACKNOWLEDGE THAT BY OPENING THE FIRST FICTITIOUS TRANSACTION , YOU ARE EXPRESSLY REQUESTING US TO PERFORM THE SERVICES BEFORE THE WITHDRAWAL PERIOD, WHICH EFFECTS YOUR RIGHT TO WITHDRAW AS SET IN ARTICLE 12.
6.2. Educational and competitional challenges mainly contain:
6.2.1. The provision of a credit of % of the educational fee may be used by the Client. The credit cannot be transferred to another person or used for any purpose.
6.2.2. The demonstration of practicing equivalent to % of the educational fee is provided to the Client by Provider
6.2.3. If the Client meets the required volume, they are eligible for a full refund of the educational fee paid. The refund will be equal to 100% of the educational fee.
6.2.4. There is a time deadline for ending the Challenge, which will be specified in the description of the particular Challenge. The Client must complete the Challenge within the given time period, otherwise the Challenge will expire and the Client will not be entitled to any refund or credit.
6.2.5. The minimum number of transactions required for the educational challenge or the maximum number of days for the competitional challenge is determined by the Provider.
6.3. Verification takes place based on the Client’s request
6.3.1. In order to request Verification, the Client must have practiced at least 5% of the virtual lots equivalent to the dollar value of the educational challenge fee paid (e.g., 100 virtual lots for a fee of 1999 USD). For the competitional challenge, Verification may take place after the time deadline. To successfully pass the educational or competitional challenge, the Client must reach a specific profit target or volume as stated for each challenge on the website.
6.3.2. The Provider will pay the monetary reward to the Client if the Client has met the conditions of the challenge as described in Article 6.3.1, along with any additional conditions specified in the appendices, and has not violated any other provisions of these Terms and Conditions, including the rules of fictitious practicing in Article 5.4 to 5.10.
6.3.3. The Provider is not required to perform the Verification of the Challenges if the Client has not closed all transactions.
6.3.4. The maximum virtual profit will be paid out after the successful verification of the challenge, based on the criteria and requirements of the specific challenge that the Client has chosen on the website.
6.4. MODEL EXAMPLE OF THE EDUCATIONAL CHALLENGE
Challenge Fee: $1999
Client receives total virtual business capital : $4500
Fee Refund: $1999
The challenge is provided for 150 Days
Credit : $2000 to support Margin
The Provider will provide a demonstration of practicing equivalent to $500 within 20 days.
To request a Verification, the Client must have practiced a minimum of 100 lots or more and profit target $400. The monetary reward for passing the Verification will be $5000 or a fee refund of $1999.
6.5. MODEL EXAMPLE OF THE COMPETITIONAL CHALLENGE
Challenge Fee: $1999
Client receives total virtual business capital: $100.000
The challenge is provided for 33 days or based on the conditions on the Site.
To successfully pass the Competitional Challenge and receive a distribution of the reward, the Client must achieve a profit target of 20% plus virtual profit on the provided business capital.
Practice at least 13 days
Maximum drawdown: 15%
Distribution of reward: $7000 for Client
6.6. Clients can book challenges on the Site, typically for a duration of 10 days. Once a Client pays the booking fee, they will receive a link to download the platform and access all its features, including:
a) Starting trading capital
b) Custom indicators
c) Demonstration of trading
d) The ability to make practice trades
Please note that the booking fee is non-refundable. Clients should be aware that the service they receive requires payment, and they agree that a refund is not possible, as the delivered service holds its inherent value.
6.7. Demotrades are not counted toward the required volume.
6.8. Videos on the Site provide detailed explanations for each challenge.
6.9. The reward will be paid out only after successfully passing the evaluation program.
PROGRAM AKO SOLUTIONS PRO TRADER
7.1 If the Client is successful in both AKO SOLUTIONS’ Educational and Competitional Challenges, and they have paid a total minimum fee of $10,000, they may be offered a contract by a third party to participate in the AKO SOLUTIONS PRO TRADER program. The program includes a funded account of up to $500,000 with a maximum drawdown of 5% and other contractual conditions depending on Trader’s technique of practicing.
7.2 The AKO SOLUTIONS PRO TRADER program also offers different levels of funded accounts based on the total amount of challenge fees paid by the Client. If the Client has paid up to $4,000 in challenge fees, they may receive a funded account of up to $100,000. If the Client has paid up to $7,000 in challenge fees, they may receive a funded account of up to $200,000. And if the Client has paid up to $10,000 in challenge fees, they may receive a funded account of up to $350,000.
7.3. The terms and conditions of the contract for participating in the AKO SOLUTIONS PRO TRADER program are subject to agreement between the Client and the third party or Provider.
7.4. The Rewards will be paid out immediately after the client successfully completes the second step of the evaluation program.
USE OF THE WEBSITES, SERVICES AND OTHER CONTENT
8.1. The Site and all Services, including the Client Zone, its appearance and all applications, data, information, multimedia elements such as text, drawings, graphics, design, icons, images, audio and video samples and other content that comprise them (collectively, the “Content “), are subject to legal protection according to legal regulations for the protection of copyright and other legal regulations and are the property of the Provider or licensors for the benefit of the Provider. The Provider grants you a limited, non-exclusive, non-transferable, non-assignable, non-transferable and revocable permission to use the Content for the purpose of using the Services for your personal use and in accordance with the purpose for which the Services are provided. The Content is not sold or otherwise transferred to you and remains the property of the Provider or licensors for the benefit of the Provider.
8.2. All trademarks, logos, trade names and other marks are the property of the Provider or its licensors for the benefit of the Provider, and the Provider does not grant you any right to use them.
8.3. Both the Client and the Provider undertake to act in accordance with the principles of honest business dealings and, in particular, not to damage the good name and legitimate interests of the other party when performing the Agreement and when dealing with each other. They will resolve any potential disagreements or disputes in accordance with these Terms and applicable laws.
8.4. Apart from the rights that are expressly regulated in these Terms, the Provider does not grant the Client any other rights related to the Services and other Content. The Client may use the Services and other Content only as specified in these Terms.
8.5. When accessing the Services and other Content, it is prohibited to:
8.5.1. use any tools that may negatively affect the operation of the Site and Services or should aim to exploit errors or other shortcomings of the Site and Services;
8.5.2. circumvent geographic restrictions on availability or any other technical limitations;
8.5.3. make copies or backups of the Site;
8.5.4. reverse engineer, decompile, disassemble or otherwise modify the Site;
8.5.5. sell, rent, loan, license, distribute, reproduce, disseminate, stream, broadcast or use the Services in any manner other than as permitted;
8.5.6. use automated means to view, display or collect information available through the Sites or Services; and
8.5.7. use any other tools or means, the use of which could cause any harm to the Provider.
8.6. The provisions of Article 8 are not intended to deprive the Client of his consumer rights, which cannot be excluded by law.
9.1. CUSTOMER ACKNOWLEDGES THAT THE SERVICES, CHALLENGES AND OTHER CONTENT ARE PROVIDED “AS IS” WITH ALL ERRORS, DEFECTS, AND THAT YOUR USE IS AT YOUR SOLE RISK. TO THE MAXIMUM EXTENT PERMITTED BY PERMANENT LAW, THE PROVIDER DISCLAIMS ALL WARRANTIES OF ANY KIND, STATUTORY, GUARANTEE, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF QUALITY, QUALITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT.
9.2. PROVIDER SHALL NOT, TO THE EXTENT PERMITTED BY THE MANDATORY PROVISIONS OF APPLICABLE LAW, BE LIABLE FOR ANY DAMAGES, INCLUDING INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING LOST PROFITS, LOSS OF DATA, PERSONAL OR OTHER PROPERTY DAMAGES USE OF THE SERVICES OR RELIANCE ON ANY TOOL, FUNCTIONALITY, INFORMATION OR ANY OTHER CONTENT AVAILABLE IN CONNECTION WITH YOUR USE OF THE SERVICES OR ELSEWHERE ON THE SITE. THE PROVIDER IS NOT RESPONSIBLE FOR ANY THIRD PARTY PRODUCTS, SERVICES, APPLICATIONS OR OTHER CONTENT USED BY THE CLIENT IN CONNECTION WITH THE SERVICES. IN THE EVENT THAT THE PROVIDER’S LIABILITY SHOULD BE IMPOSED BY A COURT OR OTHER COMPETENT AUTHORITY IN CONNECTION WITH THE OPERATION OF THE SITE OR THE PROVISION OF SERVICES, THIS LIABILITY IS LIMITED TO THE AMOUNT CORRESPONDING TO THE AMOUNT OF THE FEE PAID BY THE CUSTOMER FOR THE SERVICE FOR WHICH THE SERVICE WAS INCURRED.
9.3. The Provider reserves the right to modify, change, replace, add or remove any elements and functions of the Services at any time without compensation.
9.4. The Provider is not responsible for non-provision of the purchased Services, if the non-provision occurs as a result of serious technical or operational reasons beyond the control of the Provider, in the event of crisis situations or imminent crisis situations, natural disasters, wars, uprisings, pandemics, threats to a large number of people or other force majeure interventions, and/or if the Provider is prevented from providing the Services as a result of obligations imposed by law or a decision of a public authority.
9.5. The provisions of Article 9 are not intended to deprive the Client of his consumer or other rights, which cannot be excluded by law.
BREACH OF TERMS
10.1. IN THE EVENT THAT THE CLIENT BREACHES ANY PROVISION OF THESE TERMS IN A WAY THAT COULD CAUSE THE PROVIDER ANY DAMAGE, IN PARTICULAR IF THE CLIENT ACCESSES THE SERVICES IN VIOLATION OF ARTICLE 1.3, IF THE CLIENT PROVIDES INCOMPLETE, FALSE, OR NON-CURRENT INFORMATION WITH THE CLIENT IN SECTION 2.3. IN A MANNER THAT MAY DAMAGE THE GOOD REPUTATION OF THE PROVIDER, IF THE CLIENT VIOLATES THE RULES OF FICTITIOUS PRACTICING PURSUANT TO SECTION 5.4, IF THE CLIENT ACTS IN CONTRARY TO SECTION 8.3 AND/OR IF THE CLIENT COMMITS ANY OF THE ACTIVITIES SET FORTH IN SECTION 8.5, THE PROVIDER MAY PROVIDE OTHER SERVICES TO THE CLIENT. RESTRICT THE CLIENT’S ACCESS TO ALL OR SOME OF THE SERVICES IN WHOLE OR IN PART, INCLUDING ACCESS TO THE CLIENT AREA AND EDUCATIONAL PLATFORM, WITHOUT PRIOR NOTICE AND WITHOUT ANY COMPENSATION
11.1. The Client acknowledges that all communication from the Provider or its partners in connection with the provision of Services will take place through the Client Zone or through the email that the Client registers with us. Written electronic communication via e-mail or through the Client Zone is also considered written communication.
11.2. The contact email of the Provider is firstname.lastname@example.org.
WITHDRAWAL FROM CONTRACT
12.1. If you are a consumer, you have the right to withdraw from the contract without giving a reason within 14 days of its conclusion (more on the moment of conclusion of the contract in Article 2.10).
PLEASE NOTE THAT IF YOU START CONDUCTING FICTITIOUS TRANSACTIONS BEFORE THE EXPIRATION OF THIS PERIOD, YOU WILL LOSE YOUR RIGHT TO WITHDRAW THE AGREEMENT.
12.2. Withdrawal from the contract must be sent to the Provider within the specified period to email@example.com. We will confirm the acceptance of the withdrawal in text form without unnecessary delay. If you withdraw from the contract, we will refund you without undue delay, no later than 14 days after withdrawing from the contract the same way as it was paid.
12.3. The Provider is entitled to immediately withdraw from the Agreement in cases of breach by the Client referred to in Article 10 with no refund right.
13.1. If the Services do not correspond to what was agreed, or they were not provided to you as a Client, you can exercise your rights from defective performance. The provider does not provide any guarantee for the quality of services. The defect must be notified to the Provider without undue delay by e-mail or at the address specified in Article 11.2. When exercising rights from defective performance, you can demand that the defect be rectified or that a reasonable discount be given to you. If the defect cannot be removed, you can withdraw from the contract or claim a reasonable discount.
13.2. We will try to resolve your possible complaint as soon as possible, within 30 calendar days at the latest, and we will confirm its acceptance and settlement in writing. If we do not handle the claim in time, you have the right to withdraw from the contract. You can make a complaint by e-mail at; firstname.lastname@example.org
CHANGES of Terms and Conditions
14.1. The Provider reserves the right to change the wording of these Terms and Conditions at any time with immediate effect for new clients and new orders of existing Clients. The Provider will notify the current Client of changes to the Terms and Conditions via the Client Zone or by email. AKO SOLUTIONS CHALLENGES and subsequent Verifications are provided for their entire duration in accordance with the Terms and Conditions, the wording of which was valid and effective at the time of the order of the AKO SOLUTIONS CHALLENGES
OUT OF JUDICIAL RESOLUTION OF CONSUMER RIGHTS
15.1. Our goal is your satisfaction, so if you have any complaints or suggestions, we will be happy to resolve them directly with you and you can contact us at our email or at our address listed in article 11.2.
CHOICE OF LAW AND JURISDICTION
16.1 The legal relationships established by these Terms and any non-contractual legal relationships related to them are governed by the law of the United Arab Emirates. Any dispute that arises in connection with these Terms or related agreements will be subject to the jurisdiction of the United Arab Emirates.
16.2. The rules stated in Article 16.1 do not take away the rights and protection provided to consumers by the mandatory laws of the United Arab Emirates.
17.1. The provider has not adopted proper codes of conduct in the sense of Civil Code.
17.2. These Terms constitute the complete Terms and conditions between you and the Provider and supersede all prior agreements, whether oral or written, relating to the subject matter of the Terms.
17.3. No provision of these Terms is intended as a limitation of any legal claims stated elsewhere in these Terms or arising from the relevant legal regulations. If the Provider or a third party authorized to do so does not enforce compliance with these Terms, this cannot in any case be interpreted as a waiver of a right or claim.
17.4. The Provider may assign any claim arising from these Terms or any contract to a third party even without the Client’s consent. The Client gives his consent to the fact that the Provider can transfer his rights and obligations from these Conditions or any contract or parts thereof to a third party as an assignor. The Client is not entitled to fully or partially transfer or assign rights and obligations from these Terms or any contract or their parts, or claims arising from them, to any third party.
17.5. If any provision of the Terms and Conditions is found to be invalid or ineffective, it will be replaced by a provision whose meaning comes as close as possible to the invalid provision. The invalidity or ineffectiveness of one provision does not affect the validity of the other provisions. Any past or future practice established between the contracting parties or custom maintained in general, or in the industry related to the subject of performance, which is not expressly referred to in the Terms, will not be used and no rights and obligations will be derived from them for the contracting parties, nor will they be related to them take into account when interpreting the will of the contracting parties.
17.6. Appendices to the Terms and Conditions are an integral part thereof. In the event of a discrepancy between the wording of the main text of the Terms and Conditions and their appendices , the main text of the Terms and Conditions takes precedence.
17.7. Before mutual acceptance of these Terms and Conditions, the Contracting Parties have carefully assessed the possible risks arising from them, and they accept these risks. Both contracting parties assume the risk of a change in circumstances in the sense of Civil Code.
DEFINITIONS, TERMS AND ABBREVIATIONS USED
18.1. For the purposes of the Terms, the following definitions have the following meanings:
18.1.1. The term “AKO SOLUTIONS Challenge and Verification” refers to virtual accounts used for Educational and Competitional training courses that are included as part of the Services provided by the Provider.
18.1.2. The term “AKO SOLUTIONS Pro Trader” refers to a trader who has been provided with a funded account by the Provider , which is contracted with a licensed forex broker or third party funded program.
18.1.3. “Provider” means the provider of certain Services (as set out in clause 1.1)
18.1.4. “Content” means the Site and all Services, including the Client Zone, its appearance and all applications, data, information, multimedia elements such as text, drawings, graphics, design, icons, images, audio and video samples and other content that comprise them (as set out in clause 8.1);
18.1.5. “Terms” means these General Terms and Conditions of AKO SOLUTIONS – United Arab Emirates (as set out in clause 1.1);
18.1.6. “Appendices” means Appendices No. 1 and any other appendices that form part of these Terms;
18.1.7. The Educational Platform refers to an electronic interface provided either by a third party or by the Provider themselves, through which the Client can conduct fictitious practicing.
18.1.8. “Services” means the Provider’s services as set out in clauses 1.1 and 1.4;
18.1.09. “Site” means the website of the Provider: www.eduonlinetrader.com (as stated in Article 1.2); including subdomains.
18.1.10. The “Prohibited Business Practices” refer to certain business practices that are not allowed when using the Services and are described in more detail in Article 5.4 to 5.10 of the Terms.
18.1.11. The term “Client” refers to the individual who uses the Services, as described in clause 1.1 of these Terms.
18.2. Terms and its appendices have a specific set of terms and abbreviations and their meaning is defined for the purpose of understanding the content of the document as stated down.
18.2.1. The term “calendar day” means the period from midnight to midnight according to the current time zone in the United Arab Emirates.
18.2.2. The term “Business capital” or “Capital” refers to a virtual fictitious amount that is selected by the Client when choosing a variant of the challenges.
18.2.3. “AED ” means the United Arab Emirates Dirhams ;
18.2.4. “EUR” means the Euro;
18.2.5. “USD” or “$” means the United States dollar;
These Terms and Conditions were established and took effect on March 20th, 2020.
Appendices NO. 1
MODEL EXAMPLES OF CHALLENGES AND VERIFICATIONS
AKO SOLUTIONS Educational challenge fee $499
Credit $1000 to support Margin
Demonstration of practicing: $200 by Provider
Fee Refund: $499 ( 25 Lots total volume)
The challenge is provided for 150 Days
AKO SOLUTIONS Educational challenge fee $999
Credit : $1500 to support Margin
Demonstration of practicing: $300 by Provider
Fee refund: $999 (50 Lots total volume)
The challenge is provided for 150 Days
AKO SOLUTIONS Competitional challenge fee $499
The client receives total virtual business capital: $60.000
Practice at least 13 days
Maximum drawdown: 15%
Maximum exchange size: 1 lot
The challenge is provided for 33 days
Verification of AKO SOLUTIONS Educational Challenge 1 :
25 Virtual Lots Total Volume
Success : The Client can request a Verification by practicing 25 lots or more and reaching a profit target of $200. If the Client passes the Verification, they will receive a monetary reward of $2000. If they do not reach the profit target, they may be eligible for a fee refund of up to $499.
Verification of AKO SOLUTIONS Educational Challenge 2:
50 Virtual Lots Total Volume
Success: The Client can request a Verification by practicing 50 lots or more and reaching a profit target of $300. If the Client passes the Verification, they will receive a monetary reward of $3000. If they do not reach the profit target, they may be eligible for a fee refund of up to $999.
Verification of AKO SOLUTIONS Competitional Challenge 3:
Distribution of reward: $3.000
Success: To successfully pass the Competitional Challenge and receive a distribution of the reward, the Client must achieve a profit target minimum of 20% virtual profit on the provided business capital.