Compliance

Compliance

INTRODUCTION

Your privacy is important to us. At Cordelino Ltd. we treat all information collected by, or transmitted to us with care, in particular, personally identifiable information, and this Policy describes how, when, and why we collect such information. Personally identifiable information (“Personal Information”) means any information that may be used, either alone or in combination with other information, to personally identify, contact or locate an individual. This may include, but is not limited to, forename, first name, ID, Passport number, address, e-mail, credit/debit card details, financial data (including trading data, deposits, withdrawals, and credit) and other contact information. Any information that does not enable identification, location, or contacting of an individual, such as aggregated information, is “Anonymous Information”, and Cordelino Ltd. may process Anonymous Information in any way it so considers without prior notice to you.
CONSENT, NOTIFICATION AND MODIFICATION
Upon using the Website, you authorize us to collect the Personal Information and to the extent necessary to manage your account and to improve services and information we send you. This information can be sent to any entity that contributes to the service provided to you such as those responsible for the execution of services and orders for their management, execution, processing and payment.
In addition, as a recipient of our service, you commit to provide appropriate notice of your privacy practices to, and obtain the necessary permissions and consent from, any third parties with whom you engage and/or whose Personal Information is collected, received, used, and/or disclosed by us.
The Personal Information is stored for security purposes, to meet legal and regulatory obligations. You have a right of access, rectification and opposition to your Personal Information. This also includes a right to unsubscribe from emails that will be sent to you from time to time.

We reserve the right, in our discretion and subject to the applicable law, to amend this Privacy Policy at any time and. Any amendment shall be effective within 15 days following the posting of the changed Policy on our Website, and your continued use of the service shall constitute consent to the terms and provisions of the amended Policy.
COLLECTION AND RECEIPT OF INFORMATION
We collect and receive Personal Information pertaining to traders. This occurs due to the fact that, as part of the service, we may provide hosting services for some or all of the services, resulting in trader-related Personal Information being routed to us from our production servers. We also collect and receive Personal Information relating to certain employees of our clients for the purposes of communication with us and the general provision of the Service.
The service may also use “cookies” and other tracking technologies to collect Anonymous Information. A “cookie” is a small text file that may be used, for example, to collect information about service activity and it may serve to recall Personal Information previously indicated by a trader, such as his/her user ID and password for access to the service(s).
USE AND DISCLOSURE OF PERSONAL INFORMATION
We will store your Personal Information in our system and use it for the following purposes only:
Managing the administrative aspects of the services, providing you with support, handling complaints and contacting you;

Handling your orders;

Enforcing this Policy and the Terms and Conditions, preventing misuse of the Website, complying with legal requirements, assisting competent authorities, and taking action in case of a dispute involving you, with respect to the service we provide;

Improving the Website and the services, develop new services and improve the accuracy and reliability of the services.
Non-affiliated third parties and the transfer of information outside your territory

We do not sell, license, lease or otherwise disclose Personal Information to any third party for any reason, except as described below. We reserves the right to disclose your personal information to third parties where required by law to regulatory, law enforcement or other government authorities. We may also disclose your information as necessary to credit reporting or collection agencies, or when necessary to protect our rights or property.

To help us improve our services to you, we may engage another business to help us to carry out certain internal functions such as account processing, fulfillment, client service, deliver and safe keeping as indicated in the Terms and Conditions.

Use of the information shared is strictly limited to the performance of the task we request and for no other purpose. All third parties with whom we share personal information is required to protect personal information in a manner similar to the way we protect personal information. Examples of information shared are identifying information such as name, mailing address, e-mail address, telephone number and information on account activity.

If at any time you choose to purchase a product or service offered by another company/individual, any personal information you share with it will no longer be controlled under our Privacy Policy. We are not responsible for the privacy policies or the content of sites we link to and we have no control of the use or protection of information provided by you or collected by those sites.

Whenever you elect to link to a co-branded web site or to a linked Web site, you may be asked to provide registration or other information. Please note that the information you are providing is going to a third party, and you should familiarize yourself with the privacy policy published by that third party.

SECURITY
We take reasonable precautions to protect Personal Information from loss, theft, misuse, unauthorized access or disclosure, alteration, or destruction. This is done by using physical, electronic, and procedural safeguards to protect Personal Information and we do not store Personal Information for longer than necessary to provide the service or as permitted by law.
Though we implement measures to reduce the risks of damage, loss and unauthorized access to Personal Information, they do not provide absolute information security. Therefore, it is not guaranteed, and you cannot reasonably expect, that the service will be immune from any unauthorized interceptions or access.

Terms & Conditions

Cordelino Ltd. a company incorporated in St. Vincent and the Grenadines with registration number 25981 BC, and registered addressBeachmont Business Center, 136, Beachmont box 1510, Kingstown, Saint Vincent and the Grenadines General and scope
Your access to and use to this website and the services contained (“Website” or “Services”) is subject to these terms and conditions and any notices, disclaimers or other terms and conditions or other statements contained on this website (referred to collectively as “Terms”). By using this Website you (also: the “User”) agree to be subject to the Terms set herein.
Risk Disclosure
The Services and the use of our Website are not designed for the purpose of providing personal financial trading or investment advice. Information (rather than financial trading advice) provided does not take into account your particular financial trading objectives, financial trading situation or financial trading needs.
You should assess whether the information on this website is appropriate to your particular objectives, financial trading situation and needs. You should do this before making a decision on the basis of the information on this Website. You can either make this assessment yourself or seek the assistance of any independent financial trading adviser.
Unless otherwise expressly stated to the contrary, the information on the Website is not a recommendation to invest in any financial trading products or services offered by any member of the Company or group of companies.
THERE MAY BE ADDITIONAL RISKS THAT WE HAVE NOT FORESEEN OR IDENTIFIED IN THIS RISK WARNING. YOU SHOULD CAREFULLY ASSESS WHETHER YOUR FINANCIAL TRADING SITUATION AND TOLERANCE FOR RISK IS SUITABLE FOR BUYING, SELLING OR TRADING OR OTHERWISE USE THE SERVICES AND THE WEBSITE.
You warrant and acknowledge that you are aware to the risk involved in trading and you waive any claims or complaints towards us.
In addition, we accept no responsibility or liability of any kind in respect of any materials on any website or network that is not under our direct control.

LIMITATION OF LIABILITIES; CLAIM BAR
Cordelino Ltd AND/OR ITS AFFILIATES SHALL NOT BE LIABLE FOR ANY DAMAGES SUFFERED AS A RESULT OF USING, MODIFYING, CONTRIBUTING, COPYING, DISTRIBUTING, OR DOWNLOADING THE ANY OF THE MATERIALS ON THIS WEBSITE. IN NO EVENT SHALL Cordelino Ltd AND/OR ITS AFFILIATES BE LIABLE FOR ANY INDIRECT, PUNITIVE, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGE (INCLUDING BUT NOT LIMITED TO LOSS OF BUSINESS, REVENUE, PROFITS, USE, DATA OR OTHER ECONOMIC ADVANTAGE), HOWEVER IT ARISES, WHETHER IN AN ACTION OF CONTRACT, NEGLIGENCE OR OTHER TORTIOUS ACTION, ARISING OUT OF, OR IN CONNECTION WITH, THE USE OR PERFORMANCE OF INFORMATION AVAILABLE FROM THIS WEBSITE OR ANYTHING THEREFROM, EVEN IF Cordelino Ltd OR ITS AFFILIATES HAVE BEEN PREVIOUSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGE. THE USER BEARS THE SOLE RESPONSIBILITY FOR THE ADEQUATE PROTECTION AND BACKUP OF DATA AND/OR EQUIPMENT USED IN CONNECTION WITH THE SITE AND THE USER WILL NOT MAKE A CLAIM AGAINST Cordelino Ltd OR ITS AFFILIATES FOR LOST DATA, RE-RUN TIME, INACCURATE OUTPUT, WORK DELAYS, OR LOST PROFITS RESULTING FROM THE USE OF THE MATERIALS. THE USER AGREES TO HOLD WibraPro AND ITS AFFILIATES HARMLESS FROM, AND THE USER COVENANTS NOT TO SUE WibraPro OR ITS AFFILIATES FOR, ANY CLAIMS BASED ON OR RELATED TO THE USE OF THE WEBSITE.
IF YOU DO NOT AGREE WITH ANY PART OF THESE TERMS, OR IF YOU HAVE OR MIGHT HAVE OTHER DISPUTE OR CLAIM WITH OR AGAINST Cordelino Ltd WITH RESPECT TO THE SPECIFIC TERMS AND/OR GENERAL TERMS, THEN YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THE SITE.

Third Parties Services
This Website and Services may contain references to other services, products, offers or promotions by persons and entities who are not part of Cordelino Ltd ltd (“Third Parties”).
Subject to any applicable law which cannot be excluded, we make no warranties or representations regarding the quality, accuracy, merchantability or fitness for purpose of the goods or services available from Third Parties. Your obtaining of goods or services from Third Parties is at your own risk and in accordance with any Third Party’s terms and conditions. You will indemnify each member of the Cordelino Ltd against all liability, loss, damage, cost and expense arising from, or relating to, you obtaining goods or services from any Third Party referred to in this website.
Market data
With respect to any market data or other information that we or any service provider (including Third Parties) display on the Website, (a) such data is indicative only and we and any such provider are not responsible or liable if any such data or information is inaccurate or incomplete in any respect; (b) we and any such provider are not responsible or liable for any actions that you take or do not take based on such data or information; and (c) such data or information is proprietary to us and/or any such provider and you are not permitted to retransmit, redistribute, publish, disclose or display in whole or in part such data or information to third parties except as may be required by any law or regulation.”
Performance
Unless otherwise stated to the contrary, no guarantees any particular rate or return, the performance of any financial trading or the repayment of capital from any trade. Financial trading is subject to investment and other risks. Possible risks could include delays in repayment and loss of income or capital traded.
Intellectual property
All copyright, database rights, trade marks and other intellectual property rights in the content of this Website belongs to us or a third party including our licensors. This content may include names, terms and/or data which may or may not be identified with a symbol identifying it as a name, term or item in which copyright is claimed or a registered trademark is held. The lack of any such symbol should not, under any circumstances, be understood as meaning that the name, term or data is not the intellectual of either ourselves or a third party.
Any third party intellectual property used by us in the content of our website should not be interpreted as meaning that the third party owner sponsors, endorses or is in any way affiliated with us or with our business, nor that they make any representation regarding the advisability of betting on or trading in our products.
Orders
You can submit your orders online where you will be shown the aggregate rate as provided from various data feeds. Once an order has been made, you will have 3 seconds to cancel it if you are not satisfied with the quoted price.
Bonuses and Promotions
From time to time, various programs will be offered to our clients either via this Website or through our representatives. These offers are subject to specific terms and conditions which are supplementary to the ones contained here depending on their nature. For more information regarding our current programs, please click here: [Please insert website]
Notices
We may send notices to the email address provided to us by you. It is your responsibility to ensure that you notify us of any change to your email address. Any notice sent by us to your email address shall be deemed to have been delivered at the time of sending.
Termination
We have the right to terminate your use of this website if we determine in our sole discretion that you have breached the terms and conditions.

Know your customer policies have become increasingly important worldwide lately, especially among banks and other financial institutions, in order to prevent identity theft, money laundering, financial fraud and terrorist activity.
WibraPro holds a zero tolerance fraud policy, and is taking all measures possible to prevent it. Any fraudulent activity will be documented and all related accounts to it will be immediately closed. All funds in these accounts will be forfeited.

Prevention:
Aims to ensure the integrity of any sensitive data it obtains, such as your account information and the transactions you make, using a variety of security measures and fraud controls. Securing your electronic transactions requires us to be provided with certain data from you, including your preferred deposit method.

When you deposit funds we will require the following documents
A copy of your valid passport with the signature page
Copies of your credit cards, used to make the deposit (front side with only the 4 last digits visible, back side with the CVV covered)
A copy of a recent utility bill in your name and address
A signed purchase history of your online transactions
If you have any questions please don’t hesitate to contact our customer support: [email protected]

When do I need to provide these documents?
We highly appreciate you taking the time to provide us with all the necessary documents as soon as you can, in order to avoid any delays in processing your transactions. We require the receipt of all the necessary documents prior to making any cash transactions to your benefit.
Some circumstances may require us to request these documents before allowing any other activities in your account, such as deposits or trades.
Please note that if we will not receive the required documents on file, your pending withdrawals will be cancelled and credited back to your trading account. We will notify you on such event via our system.

How can I send you these documents?
Please scan your documents, or take a high quality digital camera picture, save the images as jpegs, then send it to us via mail to [email protected]

How do I know my documents are safe with you?
WibraPro holds the security of documentation at highest priority, and treats all documents it receives with utmost respect and confidentiality. All files we obtain are fully protected using the highest level possible of encryption at every step of the review process.

We thank you for your cooperation in helping us make WibraPro a safer place to trade.

The objective of Anti-Money laundering procedures that WibraPro implements is to ensure that customers engaging in certain activities are identified to a reasonable standard, while minimizing the compliance burden and impact on legitimate customers.

MONEY LAUNDERING
is the act of converting money or other monetary instruments gained from illegal activity into money or investments that appear to be legitimate, so that its illegal source cannot be traced. Domestic and international laws that apply to companies, whose customers can deposit and withdraw funds from their accounts, make it illegal for WibraPro, or its employees or agents, to knowingly engage, or attempt to engage in a monetary transaction of criminally derived property.

IMPLEMENTED PROCEDURES
The objective of Anti-Money laundering procedures that WibraPro implements is to ensure that customers engaging in certain activities are identified to a reasonable standard, while minimizing the compliance burden and impact on legitimate customers. WibraPro is committed to assisting governments combat the threat of money laundering and financing terrorist activities around the world. For that purpose WibraPro has set up a highly sophisticated electronic system. This system documents and verifies client identification records, and tracks and maintains detailed records of all transactions.
WibraPro carefully tracks suspicious and significant transaction activities, and reports such activities “providing timely and comprehensive information” to law enforcement bodies. To uphold the integrity of reporting systems and to safeguard businesses, the legislative framework provides legal protection to providers of such information.
In order to minimize the risk of money laundering and financing terrorist activities, WibraPro neither accepts cash deposits nor disburses cash under any circumstances. WibraPro reserves the right to refuse to process a transfer at any stage, where it believes the transfer to be connected in any way to money laundering or criminal activity. For the avoidance of any doubt, WibraPro may detain or postpone payments for a set period of time at its own discretion. It is forbidden for WibraPro to inform customers that they have been reported for suspicious activity.

ADDITIONAL DISCLOSURES
For the purpose of complying with Anti-Money laundering laws, WibraPro.net requires two different documents to verify the identity of the customer.
The first document we require is a legal government-issued, identifying document with the picture of the customer on it. It may be a government-issued passport, driver’s license (for countries where the driver’s license is a primary identification document) or local ID card (no company access cards).
The second document we require is a bill with the customer’s own name and actual address on it issued 3 months ago at the earliest. It may be a utility bill, a bank statement, an affidavit, or any other document with the customer’s name and address from an internationally recognized organization.
WibraPro also requires a completed and physically-signed account application form to be submitted to the company.
Customers are required to submit up to date identification and contact information in a timely manner, as soon as changes occur.
Documents in non-western letters must be translated into English by an official translator; the translation must be stamped and signed by the translator and sent together with the original document with a clear picture of the customer on it.

DEPOSITS AND WITHDRAWALS
WibraPro requires all deposits, where the name of the originating customer is present, to come from the name matching the name of the customer in our records.
Third party payments are not accepted.
As for withdrawals, money may be withdrawn from the same account and by the same way it was received. For withdrawals where the name of the recipient is present, the name must exactly match the name of the customer in our records. If the deposit was made by wire transfer, funds may be withdrawn only by wire transfer to the same bank and to the same account from which it originated. If the deposit was made by means of electronic currency transfer, funds may be withdrawn only by the means of electronic currency transfer through the same system and to the same account from which it originated.

WITHDRAWAL OF FUNDS POLICY

As soon as withdrawal instruction / Payment Order Instruction is received from the client through his/her trading account (for security purposes) nevertheless, clients can contact the company either by phone, fax, email and / or in person to request a withdrawal.

Please note that we only accept withdrawal requests of at least $50.00 per transaction.

The Company will ensure that the withdrawal request by the client includes all necessary information and the following checks must be performed:

  1. Confirm that the account number, name and banking details of the client agree with the details provided in the account opening application process.
  2. The clients is eligible to withdrawal according to company policy.
  3. Withdraw the funds from the client’s account.
  4. Prepare the transfer request for the bank and forward to the Account’s departments.
  5. Send the payment instruction to the relevant Bank for payment.

Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall process the withdrawal request within 5 (five) Business Days, or sooner, depending on account type and if the following requirements are met (Notwithstanding the provisions of this article the actual receipt of funds depends on the client’s payment method):

  1. The instruction is to make a bank transfer of funds to the account of the Client;
  2. at the moment of payment, the Client’s Account Balance exceeds the amount specified in the withdrawal instruction taking in to consideration any deductions which may result from early withdrawal following receipt of a trading bonus, including all payment charges;

In case the client requests his fund to be withdrawn from his account and to be transferred to a bank account that has not been notified to the Company in the past, then the Company will perform Know Your Client procedures on the same client in order to ensure that the beneficiary of both bank accounts is the same person and then the Company can proceed with the transfer of funds.

The Company will affect withdrawals of client funds, upon an application for withdrawal made via the Company Online Trading System (if available at the time).

The client accepts that withdrawal of any part of the funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the Funds from. Under such circumstances, the Company shall return the part of the funds requested less any transfer fees or other charges incurred by the Company.

The Company reserves the right to decline a withdrawal request of the client asking for a specific transfer method and the Company has the right to suggest an alternative.

Withdrawals will only be effected towards the client. The Company will not to effect withdrawals to any other third party or anonymous account.

The Company reserves the right to request additional information and/ or documentation to satisfy itself that the request is legitimate. In addition, the Company reserves the right to reject such a request if it deems that this may not be legitimate. The client accepts that under such circumstances there may be a delay in processing the request.

All payment and transfer charges will be borne by the client and the Company shall debit the client account for these charges.

The Company shall be responsible for responding to any client requests, regarding information on the status of their order, received by telephone at any time, within a reasonable period of time. The client using the Internet shall be able to get information on the status of their order within a reasonable period of time through specialized software. Information to clients regarding the status of their order must be provided to the client in no longer than 5 (five) business days. When such telephone calls are received they must be recorded on the software of the Company including date and time the call by the customer was made.

Clients’ requests will be received electronically.  In cases that the client has not access in the electronic means clients’ requests will be accepted by email, provided that the signature of the client is verified and the transfer/withdrawal form is properly completed (with respect to check list aforementioned) .

Clients’ requests will be forwarded immediately to the Back Office Department for approval in terms of funds availability after they have discussed the request with the client and have confirmed it. Once the Customer Support Department approves the request, they shall then forward it to the Finance and Accounting Department for processing.

For all transactions described above the employee shall record the transactions in the Company’s cash account ledger and shall file the documentation for each transaction recorded after a reference is made into the ledger.

Customer agrees to also be bound by the Bonus/Leverage Policy stated on the site.

This Bonus Policy Agreement is entered into by any user who is registered with the company and has an active trading account (hereinafter “the client”, “you” or “trader”). It is clarified and emphasized that the decision whether to grant a bonus to a certain customer is at the Company’s sole and exclusive discretion. The bonus policy hereinafter is subject to the main “Terms of Use” As they are from time to time which can be found at the Company’s website.

1. Definition of a trading bonus: A trading bonus is an added value that matches your deposit in your WibraPro Trading Account and it provides you with more funds to use when you are trading. Trading bonuses come in many forms; there are consistent deposit matches which means that your account will be given an added value when you deposit funds over and over again; and it also comes in the form of a one-time added value on your first deposit. The Company offers these bonus funds. When you fund your account, the Company matches your first real money deposit by a certain amount of percentage in accordance to your first deposit.

2. Warning: A trading bonus gives you great value and extra trading leverage. With all of the above being mentioned; when you trade with bonus leverage you need to be cautious. Leverage is a valuable trading tool, but you need to be aware of the downside. You may close higher trades and make more money initially (or in the long run), but you can also lose a lot more money. Option trading can be risky and you need to trade with confidence and responsibility to avoid losses.

3. Scope of Trading Bonus at WibraPro: To help traders starting out forex trading online, the Company offers new depositing clients a trading bonus on their first deposit as well as redeposit bonuses. There are several types of trading bonuses offered by the Company, as follows:

4. Types of Trading Bonuses

a. After receiving the sign up bonus, traders are given several other opportunities to boost their account balance. The Company often offers a “broker bonus” before significant financial events to enable traders to take advantage of the market volatility around those times. The Company also offers “no deposit bonus” for VIP account holders. These “no deposit bonuses” are called “rebate bonuses”, since they are based on a percentage of the trader’s trading volume. A rebate bonus is usually given on a monthly basis and it’s the Company’s way of giving back a percentage of the traders’ investment that month. A “risk free trade” is also categorized as a bonus as per this agreement and may be offered by the company at its sole discretion.

b. The Company also offers special trading bonus offers for traders depositing with certain funding methods, such as, wire transfer, and others. These bonuses can change so you should always check before depositing which funding method will give you the best bonus.

c. PLEASE READ ALL TERMS & CONDITIONS BELOW BEFORE ACCEPTING A BONUS. YOU ARE NOT REQUIRED TO ACCEPT A BONUS. A TRADING BONUS IS OPTIONAL FOR ALL CLIENTS.

TERMS AND CONDITIONS

1. EVERY BONUS REQUIRES A TRADING TURNOVER BEFORE ANY WITHDRAWAL IS MADE BY THE CLIENT. BY ACCEPTING A BONUS YOU ARE AGREEING TO THE TERMS AND CONDITIONS BELOW.

2. ALL BONUS INSERTIONS ARE FINAL.

3. Please read carefully before accepting a special offer, trade refund, benefit, or bonus:

4. Bonuses and benefits shall be credited to the client’s account subject to compliance with the terms of the offer made to the client, e.g. making minimum deposits and/or purchasing a minimum amount of options within a specified time period.

5. Unless stated otherwise in writing from the Company and only the Company, the terms of the offer, a precondition for making withdrawals after using the bonus/benefit is to buy options of 30 times the amount of the bonus/benefit plus the deposit amount. Example: (deposit + bonus x 30 = required turnover for withdrawal)

6. The Company urges its clients to take part in the offers, but to refrain from abusing and/or manipulating them. Abusing any of the offers could lead to cancellation of the bonus/benefit and closure of the client’s account on the Company’s website. The decision whether a customer is abusing and/or manipulating the company’s trading platform and/or its bonus policy is at the Company’s sole and exclusive discretion. 7. The bonuses/benefits must be used within the period defined in the details of the special offer.

8. The Company reserves the right to revoke the bonus/benefit should the special offer be abused and/or should the offer’s terms fail to be met. The Company’s decision – should this be the case – shall be final. The Company reserves the right to revoke or change the offers at any time and this will be displayed in the Company’s website.

9. Once the bonus has been inserted into the trading account, it cannot be returned or removed under any circumstance. The Company’s brokers do not have the ability to remove the bonus. All bonus insertions are final. By accepting a bonus into your account, you are agreeing to the terms and conditions above and hereinafter.

10. In the event where a Client accepts a bonus (please refer to Bonus Terms & Conditions), undertakes the obligation of our trading benefits (but not exclusively) and requests to withdraw in contrary to the terms and conditions of the bonus benefits will be reviewed by a special committee that will decide with accordance to each Client’s unique circumstances whether to approve the Client’s request and under which conditions, which may include inter alia that Clients who received bonus and wish to withdraw are subject to a penalty fee. The maximum percentage fee that a Client could incur is up to 30% of the remaining trade volume ratio applied to the balance (less the trading benefits). The exact percentage will be determined according to each Client’s circumstances which would be determined at Company’s sole discretion which will take into consideration inter alia: · The required turnover which the Client is obligated to fulfil by the bonus terms and conditions · The handling costs · The time frame of trading activity · The Company’s exposure towards third parties. For illustration purposes please see the following example: Client deposited $10,000 into his account and received a 100% bonus of $10,000; in accordance with the Company’s Bonus Policy, the client is required to reach trade volume of Total Deposit + Total Bonus X 30 = $600,000. Client reached $300,000 in trade volume and is requesting to make a withdrawal from his account prior to reaching his minimum trade turnover. The Client will first be notified of the Handling Fee calculation with respect to the Client’s request to make a withdrawal of funds. The calculation will be as follows: Total sum of deposits (not including bonus) while deducting profits or losses (including assessed losses from positions which have not yet expired) The Handling Fee obligated by the Client for breach of Bonus agreement: The maximum Handling Fee rate can incur up to 30%. Loss assessment as a result of breach of Bonus agreement: 1 – 300,000/400,000 = 0.50 · Handling Fee is equal to Loss Assessment x 30% · Handling Fee rate: 7.5% · Handling Fee sum: 10,000*7.5% = $750 The Client’s total refund will be: Total Deposit minus Client’s losses and minus the sum of $750 Handling Fee. In the event that the client’s account is in profit but has not yet reached the bonus requirements, only the initial deposit can be withdrawn minus the Handling Fee.

11. WibraPro DOES NOT RECOMMEND TAKING A BONUS UNLESS YOU KNOW HOW TO MAKE IT WORK TO YOUR ADVANTAGE AS LEVERAGE.

Risk Disclaimer

Cordelino Ltd. a company incorporated in St. Vincent and the Grenadines with registration number 25981 BC, and registered address at Beachmont Business centre, 136, Beachmont, Box 1510, Kingstown, St. Vincent and the Grenadines

Risk Warning:

Trading in the Forex Industry, involves high levels of risk. Client should not participate in the event if Client is not able to understand, or is not able to afford to take all the risks involved. For a detailed read of the risk please refer to T&C.
Cordelino Ltd. is not responsible for any direct, indirect or consequential losses as a result of the Online Trading.
New Technology. Client understands that the online trading, including but not limited to company platform, technology, including other associated and related technologies are new and untested and outside of your or the Company’s control and adverse changes in market forces or the technology, broadly construed, will excuse the nonperformance by the Company under this Agreement including temporary interruption or permanent termination of your access to the Software and Services.
Loss of funds. The risk of loss in the online trading can be substantial. Therefore, client should carefully consider whether service is suitable for him/her in light of specific financial condition.
Forks and changes in relevant network may result in significant and sudden changes to the value and/or usability of the currencies.
The Company is not responsible for such loss of value of foreign currencies and bears no responsibility for any loss incurred by client while using the Software or in any direct or indirect connection to the Software.
Risk of theft and hacking. Hackers or other groups or organizations may attempt to steal your data and password in any number of ways.
Risk of security weaknesses of the Platform. There is a risk that the Platform may unintentionally include weaknesses or bugs in the source code interfering with the use of or causing the loss of Tokens and cryptocurrencies.
Risk of mining attacks. As with other decentralized ledger, Cordelino Ltd. is susceptible to mining attacks, including but not limited to double-spend attacks, majority mining power attacks, “selfish-mining” attacks, and race condition attacks. Any successful attacks can affect access to the Software and Services. Mining attacks, as described above, may also target other blockchain networks, which the Software interacts with, and consequently affect the Software performance and your access to the Services.
Internet transmission risks. Client acknowledges that there are risks associated with using the Software and Services including, but not limited to, the failure of hardware, software, and internet connections. Client acknowledge that the Company shall not be responsible for any communication failures, disruptions, errors, distortions or delays client may experience when using the Software and Services, howsoever caused.

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