Terms of Service

General

Tradewale Company which will hereinafter be referred to as the Operator, is an information and consulting services provider to all and any legal person or individual, who shall hereinafter be referred to as Member of the System according to the conditions laid under this Agreement.
This Agreement verifies the legality of the conditions borne out of legal relationship between Operator and the Member of the System with regards to any intention to implement trade signals (in an automatic mode without handover of the basic asset) and additionally any management of proprietary rights that may arise from such implementation that requires the aid of the Tradewale System software (which is referred to in this agreement as the System).
The nature of this Agreement does not necessitate a signature; it is a web document and does not require authentication in the form of a signature.
Upon registering an account and/or any use of the Operator Tradewale website (hereinafter referred to in this Agreement as the Site) constitutes the Member of the System to fully accept all conditions
To accomplish the above, the Member of the System is encouraged to read, review and understand each condition laid within this Agreement and in case of any dispute must abstain from accepting this Agreement and/or use of the Operator services. The Member of the System is liable to monitor and track any adjustments and revisions to this Agreement. In addition, the Operator does not have any authority or responsibility in ensuring Member of the System are aware of the corrections posted on the Operator’s site.

Definition of Terms

Tradewale System- a collection of mechanized computing devices (including hardware and software) executed on an artificial neural network, the Transaction Processing Center, the System for automated organization/ repairs and maintenance for the individual Members of the System’s Database and Accounts and/or any legal entities that fall under the definition of Member of the System, including any of processes involved in digital proprietary rights accountability.
Operator- Developer, proprietor, establisher and administrator of the electronic transfer system who is responsible for System integrity and its continuous operation.
Member of the System- any person or legal body who is responsible for managing the account of the Member independently using automated hardware and software system.
Account- information stored as set of data concerning the Member of the System used to identify and authenticate for logging in to personal account and settings.

General Provisions

2.1. The Operator is liable to deliver processing services as well as execute instructions and applications submitted by the Member of the System regarding their accounts.
2.2. The Operator does NOT work in the capacity of a financial institution including a bank or a trust.
2.3. The Operators duties do not include any consultation regarding trust management and its operations are limited only to execution. Even when an action might not be financially profitable for the Member of the System.
2.4. The Operator does not owe the Member of the system any investment or trade recommendations, and the Member cannot demand the Operator providing any consul regarding operations.
2.5. In cases where the Operator communicates to the Member of the System any advice, or recommendation or knowledge piece at their own discretion, it does not make the Operator liable of the consequences may they be profitable or unprofitable in nature to the Member of the System. The Member of the System fully acknowledges and accepts any losses, costs or charges that may incur through such dissemination of information and does not bear the Operator responsible.
2.6. No exchange (supply) of currency occurs physically through implementation of trade signals.
2.7. The distribution of the Members of the System’s funds are transferred automatically to the financial accounts of brokers/partners in order to ensure that the Members of the System reap maximum benefits with this implementation of trade signals.

Description of the System

3.1. The System works automatically based on the trade signals that have been specified by the provider of trade signals (the System and/or Fund managers) paid and subscribed for by the Member of the System. The Member of the System indicates their choice by subscribing on the webpage https://tradewale.com
3.2. Interest rates change on a periodic basis and are never the same from one point in time to another. Thus investors are requested to contact our office and update themselves on the interest rate changes. Performance fee schedule and current interest rates can be found at https://www.tradewale.com/products.php
3.3. Each deposit is subject to 60 days hold period. Interest is not placed on hold, unless compounded.
3.4. The trade signals are implemented as clockwork during each trading day automatically. Trading days do not include weekends and holidays.
3.5. The results of the previous month trade signals implementation are posted on the 3rd of each month in the Past Performance section at 23:59 GMT indicated as a monthly yield in percentage form in the respective trading table.
3.6. Immediately upon the publication of the required publication on the website, as per clause 3.4, the results of the trade signals implementation are also credited to Member of the Systems accounts on the 3rd of each month, after adjustments/deductions of Performance Fee.
3.7. A special-purpose reserve fund covers the losses of a negative result. This fund has been developed by the Operator for special cases like negative results to ensure that the balance of the Member remains undisturbed.

Procedure of Settlements, Funds Depositing/ Withdrawal

4.1. The following methods are available for the Member of the System for depositing/withdrawing funds at their own discretion from their account:

  • Wire Transfer
  • Transfer via an electronic payment system
  • Personal/Cashier’s Check
  • Transfer with a bank card

4.2. Wire Transfer:
4.2.1. A wire transfer can be used by the Member of the System for transferring funds (withdrawing/depositing) from their account. However, this can only be possible if the Operator is working with the same method of transferring funds.
4.2.2. A transfer of funds (Depositing/withdrawing) can only be performed once the Member of the System complete the verification process successfully.
4.2.3. The wire transfer to the Operator’s account can be made either by the Member from an account that has been authorized in his own name or it is possible to wire transfer funds without a bank account.
4.2.4. The first step the Member of the System should take in transferring funds through a wire transfer is to create a request in their account for depositing funds by downloading an invoice for payment. When making the transfer, the Member of the System must check and recheck all important details regarding their payment invoice: Operator’s bank details, due dates, and purpose of payment. The Payments Department is available to cater to any payment conflicts or issues that the Member of the System may face during funds transfer (Details are listed on the site for the perusal of the Member).
4.2.5. In cases when the reason for payment listed by the Member is different from the one listed on the payment invoice or when the funds were transferred by the Member of the System using a third party, the Operator holds the final authority to reject the deposit. These funds will then be transferred back by the Operator to the bank account they came from. In these cases, the Member of the System is liable to cover the costs of the return of the transfer.
4.2.6. in cases the Member wishes to make a withdrawal of the funds through a wire transfer, it can only be made through a bank account authorized in the name of the Member of the System.
4.2.7. Upon the withdrawal request provided by the Member of the System, the Operator will transfer the funds to the bank account listed by the member; the details must be in accordance with the terms mentioned in clause 4.2.2. of the Agreement.
4.2.8. The purpose of payments must be mentioned in the Account by the Operator when funds are being transferred via a wire transfer. It is the Operator’s duty to mention should there is a modification to the purpose of payment by posting it in the Account to inform the Member of the System.
4.2.9. The Member of the System is in agreement that the Operator bears no responsibility for any terms and conditions associated with the wire transfer by the bank of the Member.
4.3. Transfer via an Electronic Payment System
4.3.1. The Electronic Payment System (referred to in this Agreement as EPS) can be used by the Member of the System to transfer funds (withdrawal/deposit) to the account of the Operator given that the Operator is also working with the same method of transferring funds.
4.3.2. Only a personal Wallet that has been registered in the Electronic Payment System can be used by the Member of the System for transferring funds through EPS.
4.3.3. Before any transfers are made by the Member of the system, all details related to the Operator’s account must be thoroughly checked in cases where Account is not adjusted automatically.
4.3.4. The Operator will be using the information provided in the withdrawal request to transfer funds to the EPS wallet of the Member.
4.3.5. The Operator shall not be held responsible for any delays or faults caused by the EPS services that may result in transfer delays; these include any terms and conditions included in the EPS provision.
4.4. Transfer with a Bank Card:
4.4.1. For depositing/withdrawing funds from their account, the Member of the System can employ a bank card that allows international transaction given that the Operator is aware/working with this method of transferring funds at the time the request is filed by the Member of the System.
4.4.2. During a case whereby a bank card is used for transferring funds, the acceptance of the funds from the Member of the System is processed by the official partners of the Operator.
4.4.3. The Member of the System must use a bank card registered in their own name. The transfers that are made using bank cards in third party’s name will not be approved by the Operator. In this case, the funds are transferred back to the Account of the Member of the System. The Member of the System / within-named third-party accepts all costs that may incur in return of the funds.
4.4.4. The Operator has the right to request the Member of the System to submit following documents in case a transfer was made using a bank card: A scanned copy/ photocopy of the passport in high resolution; A scanned copy/photocopy of the bank card (front and back) that was used for the transaction in high resolution. The first 6 and last 4 digits of the bank card number, the full name of person in whose name the card is registered, details of the issuing bank and time period of the card must all be visible on the photocopy/scanned copy of the card. The backside of the card must hold a clear and visible signature of the cardholder with the CVC2/CVV2 codes must be covered on the scanned copy. A scanned copy of each bank card is submitted one time; In cases related to non-personalized or virtual bank cards, a scanned copy of the official confirmation letter by the issuing bank is required that confirms the name of the cardholder. This document must include the number of the bank card, the name(s), surnames of the Member of the System and the issuing bank’s stamp.
4.4.5. The Member of the System acknowledges and accepts the following restrictions that shall be imposed on the Member for the use of this method of transferring funds: The Member of the System can only withdraw funds via bank transfer from the account that is registered in the name of the Member or use the bank card issued in the name of the Member of the System given that at the time of request, the Operator is also engaged with the similar method of transferring (withdrawing/depositing) funds; The Operator provides no consent to the withdrawals of funds through the Electronic Payment System for packages that have been bought by bank cards.
4.4.6. The Member of the System accepts that the Operator shall not be held liable to the terms and services of bank transfers related to the bank card and all events that may arise due to a technical fault in the transfer given it was no fault of the Operator but of a defect in the card-issuing bank, the processing center or the international payment system.
4.4.7. Once the funds are successfully transferred by the Member of the System using a bank card and have been credited in the Member’s account, the Operator’s responsibility of crediting funds shall be considered as a service fully rendered and thus cannot be queried.
4.5. The responsibility of checking the correctness of payment made by Member of the System lies with the Member of the System. If there are changes made to the bank details of the Operator, or new changes are introduced in the Account, it is the responsibility of the Member to review the payments made using the past details.
4.6. The official partners of the Operator (Details found in the respective sections of the Account of the Member) can also carry out the services related to receipt of funds from bank transfer of Member’s account and/or any transactions carried out using international payment system cards on the Site.

Rules and Guidelines for Using the Account

5.1. The Member of the System explicitly provides their consent to the clauses mentioned in the Agreement regarding the use of the Account.
5.2. Account logins are protected by a password.
5.3. The Member of the System provides their consent to using their password for accessing the Account.
5.4. The Member of the System agrees to hold the entire responsibility with regards to the protection of their password and shall safeguard it from any misuse or unapproved use by any third party.
5.5. Once the Member has used their password to gain access to their Account, all and any actions they take afterwards shall be considered as performed solely by the Member of the System.
5.6. Once the access to the Account has been gained by using the password, all actions that shall be taken are considered to be personally administered by the Member of the System only.
5.7. In case the password is stolen or lost to any third party, the losses incurred shall be borne by the Member of the System; the Operator will not be held liable.
5.8. The password can be changed by the Member of the System any time, whether on their own or using a passing recovery method.
5.9. The History section of the Member’s Account reveals the details of all deposits, withdrawal and/or request for any internal displacement of funds.
5.10. The Account History section is available for the Member of the System to view status requests related to the following: ‘Processing’ is defined when the funds are expected to reach the Operator; ‘Completed’ is when the account of the Member is credited with the funds; ‘Rejected’ is defined as when a request is rejected, the reason for which will be indicated in the transfer details.
5.11. The Account History section is available for the Member of the System to view the following statuses with regards to withdrawal requests and all requests associated with funds transfer: ‘Processing’ is when the request is approved by the Operator; ‘Completed’ request is when the funds are either transferred to the Member of the System’s external account or transferred to Member’s another account during internal funds transfer; ‘Rejected’ is when the request is rejected and the reasons are mentioned in the transfer details.
5.12. The Member of the System can cancel requests pertaining to deposits, withdrawals or any concerning internal funds transfer using the Account History section before they are accepted by the Operator.
5.13. The Operator can reject any request for deposits, withdrawal, internal funds transfer by indicating the reason for rejection.

Risks of the Member of the System

6.1. The Member of the System provides their explicit consent of the System as it is not including definite or implied warranties in its use, functions or operation quality, including, without limitation, the expected warranties of continuous operation for gaining specific financial results.
6.2. The Member of the System agrees to the fact that the Operator shall not be held liable in any circumstances for any events related to the action/inaction of the System and or any regulations related to the regulatory body associated with the System/Site.
6.3. The Member of the System fully acknowledges presence of any delays/faults/interruptions that may occur during System operation and maintenance.
6.4. The Member of the System accepts and understands that electronic and computer devices (hardware and software) are susceptible to different kinds of malfunctions that cause delays and services may be temporarily close down due to foreseeable or unforeseeable circumstances.
6.5. It is the responsibility of the Member of the System to authenticate and analyze the information available to the Member on the Operator’s site and accept all associated risks with the information.
6.6. The Member of the System acknowledges that any past trading information that has been posted on the Site as statistics do not certify possibility of future results.
6.7. The Member of the System fully understands all risks associated in the financial markets (marginal trading) and agree to bear these risks on themselves.

Event of Default

7.1. Each of the following listed events are to be considered as an act of default: Non-payment by the Member with regards to any amount listed in the respective Agreement; The Member of the system’s inability to complete a required obligation as per the Agreement with the Operator; Any process of bankruptcy of the Member of the System issued by a third party or through a process of company liquidation (in case the Member is a legal entity), or via an appointment of a beneficiary in regards to Member of the System’s assets (in case the Member is a legal entity), or if Member ends a contract or agreement with their creditors on the settlement of their debt or any related process; Any fabricated statement, information and/or guarantee provided by the Member of the System under this Agreement failure of the Member to pay off any debts; death/ bankruptcy of the Member of the System; any other events or circumstances deemed reasonable by the Operator to consider the Agreement null and void.
7.2. In the event of Member’s failure to comply with their responsibilities, the Operator reserves the right, within their own discretion at time and without any prior written notification to the Member, to take the following steps: Refuse to accept all or any request(s) related to transferring funds (withdrawal/deposit); Automatically charge any amount the Member owes the Operator from the Member’s account; Cancel any package purchased by the Member of the System; Reject any request for new package sale to Member of the System or withhold service entirely.

Representations and Warranties

8.1. The Member of the System affirms and pledges to the Operator the following: All information provided under this Agreement, the process of verification and the Registration Form of the Member of the System is authentic and complete in all aspects; The Member of the System reserves right to accept this Agreement, require changes or provide instructions, and to agree with all their obligations as per this Agreement; the Member of the System acts as a principal; In case the Member of the System is an individual, it was they who filled in the Registration Form of the Member of the System, and in case where the Member of the System is a legal entity, then the individual who completed the Registration Form has all authority on behalf of the Member of the System; any action taken under this Agreement does not violate any law, regulation, act, statutory norms and rules applied on the Member of the System, or under the jurisdiction the Member of the System belongs to, or any other agreement the terms of which legally bind the Member of the System, or which affects any assets of the Member of the System; any action performed inside or outside the System by the Member are not to target any vulnerability associated with the Operator’s software.
8.2. In case the clause 8.1. of this Agreement is violated by the Member of the System, the Operator holds the right to refuse service at any given time at their own will.
8.3. The Member of the System acknowledges the right of the Operator to alter, add, rename, or leave unchanged the terms and conditions of this Agreement and/or any content related to the Site without providing any notification to the Member of the System. The Member of the System also agrees that the Agreement is applicable to services at present as well as those that may be modified, added, removed or renamed in the future.

Miscellaneous

9.1. The Operator bears no responsibility for any damages whether incurred directly or indirectly or any losses to the firm, profit or reputation either indirect, consequential or incidental. Any interruptions or breakdowns in the System, or in the communication mediums employed by the Member of the System are events that the Operator shall not be considered liable for. These breakdowns may include failure of equipment (software or hardware) or any that occur in the banks, financial institutions, markets, government or regulatory bodies that may have resulted from acts of terrorism, war or unintentional events related to the System.
9.2. In situations and instances where an incident is not directed or referred in the Agreement, the Operator shall act according to the common practices established within fairness and justice.
9.3. The Member of the System accepts the terms and conditions of this Agreement and consents to receiving mails/messages on their personal e-mail from the Operator. The Member also provides their consent on receiving SMS (short text messages) on their provided cell phone numbers in the Account.