Terms of Service

1.1

Adrix Digital Technologies, Trading As AllStars Digital, a company registered in the British Virgin Islands under number 2093187 whose registered office is at P.O. Box 4342, Road Town, Tortola, VG1110, British Virgin Islands, operating under the brand name AllStars Digital. (herein after "AllStars Digital" or "the company")

1.2

The objects of the Company are all subject matters not forbidden by International Business Companies (Amendment and Consolidation) Act, of the Revised Laws of British Virgin Islands 1984, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indices, perpetual futures and leveraged financial instruments as well as alternative assets classes.

2.1

The client acknowledges they have read, understood and accepted the Terms of Business as amended from time to time, in addition to any information contained within the firm's website available online at https://allstarsdigital.io/

2.2

After the Client fills in and submits the Account Opening Application Form together with all the required identification documentation, the Company will send him/her a notice informing him whether he has been accepted as a customer of the Company. It is understood that the Company is not to be required (and may be unable under Applicable Regulations) to accept the Client as its customer, and hence open an account for him or accept any money from him, until all documentation it requires has been received by the Company, properly and fully completed by the Client and all internal Company checks (including without limitation anti-money laundering checks) have been duly satisfied.

2.3

It is further understood that the Company reserves the right to impose additional due diligence requirements to accept Clients residing in certain countries. The Agreement will take effect and commence upon the receipt by the Client of the notice sent by the Company informing the Client that he has been accepted as the Company's Client." you may also add by accepting this Agreement, the client is consenting that if he is accepted by the Company as a Client their relationship will be governed by the terms and Conditions of this Terms of Business and Account opening agreement as amended from time to time.

2.4

The client acknowledges that the Firm's official language is the English Language.

3.1

The Terms of Business govern all the actions that relate to the execution of the client's orders.

3.2

The Terms of Business are non-negotiable and overrides any other agreements, arrangements, express or implied statements made by AllStars Digital unless the company, in its sole discretion, determines that the context requires otherwise.

4.1

Terms stated below shall have the following meanings and may be used in the singular or plural as appropriate:

• Account means a personalized trading account of the Client with the Company
• Account Detailed Report shall mean a statement of the Clients securities portfolio, open positions, margin requirements, cash deposit etc. at a specific point in time
• Ask Price means the price at which the Company is willing to sell a Perpetual Future or CFD
• Authorized Person means a person authorized by the Client under a power of attorney to give instructions to the Company in relation to the Account
• Balance means the sum of the Client Account after the last completed order and deposit/withdrawal operation made within any period of time
• Bid Price means the price at which the Company is willing to buy a Perpetual Future or CFD
• Business Day means any day on which banks are open for business in The British Virgin Islands
• CFD Contract or CFD means a contract which is a contact of difference by reference to fluctuations in the price of the relevant Underlying Asset
• Client means a natural or legal person, accepted by the Company as its Client to whom services will be provided by the Company under the Terms
• Collateral means any securities or other assets deposited with the Company's Execution Venue
• Company means Adrix Digital Technologies incorporated in BVI as International Broker Company with the registration number 2093187
• Company's Website means https://allstarsdigital.io/ or any other website that may be the Company's website from time to time
• Contract means any contract, whether oral or written, for the purchase or sale of any commodity, security, currency or other financial instruments or property, including any derivative contracts such as options, perpetual futures, CFDs or other transactions related thereto, entered into by the Company and the Client
• Counter parties shall mean banks and/or brokers through whom the Company may cover its transactions with Clients
• Durable Medium means any instrument which enables the Client to store information in a way accessible for future reference for a period of time adequate for purposes of the information and which allows the unchanged reproduction of the information stored
• Equity equals (Balance + Floating Profit & Loss + Swap)
• Event of Default shall have the meaning given to this term in Clause 9
• Security means any securities or other assets deposited with the execution venue
• Services means the services to be provided by the Company to the Client construed by these Terms. Services is inclusive of any dealing, order routing, advisory or other services which the Company provides from time to time to the Client by remote access via the Internet and which are subject to these Terms
• SPREAD means the difference between the Ask Price and the Bid Price
• Spreads and Conditions Schedule means the schedule of spreads, charges, margin, daily charges and other rates which at any time may be applicable to the Services as determined by the Company on a current basis. The Spreads and Conditions Schedule is available on the Company's Website and may be supplied to the Client on demand
• Swap shall mean the funds withdrawn or added to the Client's Account from rolling over (transfer) of an open position to the next day
• Terms mean these Terms of business governing all the actions that relate to the execution of your trades
• Trade Confirmation means a notification from the Company's trading platform to the Client confirming the Client's entry into a Contract
• Trading Platform means any online trading platform made available to the Client by the Company for placing orders, requesting quotes for trades, receiving price information and market related news as well as having a real-time revaluation of the open positions, through the Internet;
• Underlying Asset means underlying asset is the financial instrument (e.g., stock, perpetual futures, commodity, currency, index) on which a derivative's price is based

5.1

The Client acknowledges the electronic nature of the Services and the inherent risk that communications by electronic means may not reach their intended destination or may do so much later than intended for reasons outside the Company's control.

5.2

The Client acknowledges the electronic nature of the Services and the inherent risk that communications by electronic means may not reach their intended destination or may do so much later than intended for reasons outside the Company's control.

5.3

The Client is obliged to keep all login information secret and ensure that third parties do not obtain access to the trading facilities. The Client will be held responsible for transactions executed by means of the Client's password even if such transactions were not executed by the Client.

5.4

Unless otherwise indicated or agreed, any prices shown on the Company's Trading Platform are indicative at the time shown based on data that is subject to constant change. The execution price is that which is confirmed to the Client on the Trade Confirmation issued (whether on screen or otherwise) after the Client order is executed, although this price may in certain cases differ from the price appearing on the screen at the time the order was placed. In the event that an erroneous price is used as the basis of any transaction the Execution Venue reserves the right to amend or revoke the details of the transaction(s) in question.

5.5

The limit order functionality of the Trading Platform will be subject to the Internet service remaining available over the period in which the limit order is outstanding, and will be subject to size limits input by the Execution Venue's dealer(s) remaining in excess of the Clients order size and such dealer's position limits and/or any other limits determined by the Execution Venue to be applicable to the Client (whether or not disclosed to the Client) still being able to facilitate the order at the time the limit price is reached.

5.6

The identification or use of any third party products, services or websites is not an endorsement by the Company of such services, products of websites. The Company accepts no responsibility or liability of any kind in respect of any materials on any website which is not under the Company's direct control.

5.7

Your username and password must be kept confidential by you. We reserve the right to regard as valid all trades registered to or placed from your Account, where your username and password (or such other criteria as may be required and as communicated to you) have been correctly entered (which may be as a result of your negligence), unless you are able to demonstrate to our reasonable satisfaction that such use was neither permitted nor authorised by you nor due to your fault or negligence.

5.8

Please contact us immediately if you have lost or forgotten your Account details. You agree to inform us immediately (by telephone, where possible) if you believe that your Account information is being misused by a third party so that we may suspend your Account to prevent further misuse.

6.1

The Client is made aware that in order to maintain sufficient liquidity, the Company may, at its discretion, act as the Market Maker in the price creation and execution of the spots, perpetual futures or CFDs offered. The Company may have to rely on available price or available information that may later prove to be faulty due to specific market circumstances, for instance, but not limited to, lack of liquidity in or suspension of an asset or errors in feeds from information providers or quotes from Counterparties. If so and if the Company has acted in good faith when providing the price to the Client, the Company may cancel the trade with the Client but shall do so within reasonable time and shall provide the Client with a full explanation for the reason for such cancellation.

6.2

Following execution of any position with a Client, the company may at it's reasonable discretion subsequently offset each such client position with another Client position, or a position as the Company so desires. Such decisions and actions may therefore result in the Company offsetting client positions at prices different – sometimes significantly different – from prices quoted to Clients, resulting in trading profits or losses for the Company. This in turn can raise the possibility of the Client incurring what may be seen as an implied cost. However, the Company may incur significant costs if the market moves against it as compared to the price at which it traded with the Client.

6.3

Any commission costs, swap charges, costs associated to and included in the spreads quoted by the AllStars Digital in certain markets and other fees and charges will consequently influence the Client's trading result and will have a negative effect on the Client's trading performance compared to a situation if such commission costs, interest charges, costs associated to and included in the spreads did not apply.

6.4

The Company reserves the right to adjust the leverage of a trading account. If this is the case the Company will inform the Client.

6.5

Due to low liquidity and/or or high volatility and widened spreads, placing of pending orders around some Economic Announcements may be restricted.

6.6

Note: All Pending Orders on spots, perpetual futures or CFDs will be automatically closed during market breaks. In case any orders on the aforementioned assets are left pending, they will be automatically deleted after the daily market closure time.

6.7

Internet, connectivity delays, and price feed errors sometimes create a situation where the price displayed on the Trading Platform does not accurately reflect the market rates. The Company does not permit the practice of arbitrage or any other trading practices deemed by the Company to be illicit or unfair on the Trading Platform.

6.8

Transactions that rely on trading opportunities may be revoked, without prior notice. The Company reserves the right to make the necessary corrections or adjustments on the Account involved, without prior notice. Accounts that rely on trading strategies may at the Company's sole discretion be subject to the Company's intervention and the Company's approval of any Orders. Any dispute arising from such quoting or execution errors will be resolved by the Company in their sole and absolute discretion.

6.9

In the event of the Customer employing such techniques, the Customer agrees and acknowledges that the company may at the Company's sole discretion take any action to rectify such wrongs as the Company sees fit.

7.1

Granted the nature of the Company's alternative assets certain occurrences may result in actions that are beyond the control of the company. This will result in actions by the Company that may cease your ability to open or close positions on specific instruments. As Alternative Assets are referenced against individuals and the methodology in which these aspects are calculated are subject to change we may be forced to alter the activity the Company may be forced to amend trading conditions in real time or retrospectively.

7.2

Events that prevent the continued ability to offer an Alternative Asset. when this occurs, we reserve the right to suspend Instantly trading in respect of the said individual or instrument and we will endeavour to remove that individual and said instruments in a timely manner.

7.3

When the individual is removed from the platform, all open trades on that individual will immediately expire; meaning that all trades will be closed at the price set by AllStars Digital, any increase in price from such trades will be voided, and the right to benefit from any further gains nulled. On such occasions you acknowledge that you will not be able to place any further trades on that individual.

7.3.1

7.3.1 To preserve the integrity, some behaviours are subject to monitoring and may have consequences. These include but are not limited to:

7.3.1.1.

Price manipulation: Manipulation of the market by spoofing or otherwise manipulation of Bids and Offers for your own or other Traders' unfair benefit is forbidden and may be deemed to be a material breach of our terms.

7.3.1.2

Bonus Abuse, Fraud and Money Laundering: Consistent or highly correlated matching of your trading activity against other Traders displaying fraudulent behaviour or characteristics, customers displaying a high risk of money laundering or customers redeeming promotions may be deemed a material breach of our terms.

7.3.1.3

It is not allowed to transact against your own account. In the case that you sell against your own bid, or buy against your current offer, your passive Offers or bids will be ignored and you will match against the next most relevant Bids or Offers if any are available.

7.3.1.4

Circumventing such systematic controls with coordinated trading with other Traders shall be deemed a material breach of our terms. You may cancel your Bids or Offers to carry out a trade that would otherwise be systematically blocked, however doing this consistently, frequently or at high volume could be identified as spoofing.

8.1

From time to time, in the case of scheduled announcements, scheduled or emergency maintenance, technical issues, widespread or regional connectivity issues, major market events or other Force Majeure events, AllStars Digital reserves the right to suspend individual markets and/or all markets. This means that you will be unable to trade at that time. The client acknowledges that granted the nature of sport market suspensions shall occur in real time and the right to suspend a market for any period of time remains at the sole discretion of the Company.

8.2

In addition, sometimes it may take time for this status to change and not all Traders experience the same restrictions immediately. AllStars Digital shall inform scheduled suspension of all markets by email and on our blog and through social media channels at least the previous calendar day and will communicate other suspensions on social media, in our customer support help centre and by other means depending on the duration of the suspension. Suspensions of an individual market may not be announced. When a market is suspended the user may not be able to see prices when they attempt to make a trading transaction.

9.1

The Company reserves the right to retain, or make deductions from, any amounts which the Company owes, or is holding for the Client, if any amounts are due from the Client to the Company.

9.2

The Client hereby authorises the Execution Venue and the Company, at the Company's discretion, at any time and without notice or liability to the Client, to sell, apply, set-off and/or charge in any manner any or all of the Client's assets and/or the proceeds from such assets which the Company has custody or control, in order to discharge all or any of the Client's obligations to the Company.

9.3

The Client hereby authorises the Company to take all or any measures required without notice to the Client and acknowledges that the Company shall not be responsible for any consequences of it taking any such steps,

9.4

If the Company exercises its rights to sell any Securities or property of the Client under this Clause, it will effect such sale, without notice or liability to the Client, on behalf of the Client and apply the proceeds of sale in or towards discharge of any or all of the Client's obligations to the Company.

9.5

Without prejudice to the Company's other rights, the Company may, at any time and without notice, combine or consolidate all or any of the Accounts maintained by the Client with the Company and off-set any amounts owed to or by the Company in such manner as the Company may determine.

10.1

When the Company is using or advertising or posting on its website or platform or otherwise to any third party's services, products or websites":

10.2

the Company will not be responsible for any such services, products or website material that is not under its control;

10.3

the Company gives no representation, warranty or guarantee as to the accuracy, correctness or completeness of any related information or as to the tax or legal consequences of any related Transaction;

10.4

such is provided solely to enable the Client to make his own investment decisions and does not amount to investment advice or unsolicited financial promotions to the Client;

10.5

if the document contains a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, the Client agrees that he will not pass it on to any such person or category of persons;

10.6

the Client accepts that prior to dispatch, the Company may have acted upon it itself to make use of the information on which it is based. The Company does not make representations as to the time of receipt by the Client and cannot guarantee that he will receive such information at the same time as other Clients."

11.1

Charges for deposit and withdrawal transactions on your AllStars Digital account are available on the Company's website, https://allstarsdigital.io/

11.2

Except in cases where we have credited money to your Account as part of a promotion, you must deposit money into your Account in order to be able to trade. Details on how you may deposit and withdraw money to and from your Account are available on the Website.

11.3

Events that prevent the continued ability to offer an Alternative Asset. when this occurs, we reserve the right to suspend Instantly trading in respect of the said individual or instrument and we will endeavour to remove that individual and said instruments in a timely manner.

11.4

Any deposit made via a credit card may only be withdrawn back to the same credit card.

11.5

The Interest is not payable on the Account remaining balances. Account Holders acknowledge that no credit is provided by us.

11.6

Account Holders may only make deposits and withdrawals from their Account in the currencies that they are available at the time the users wish to deposit. Account holders acknowledge that any currency conversion charges resulted from their transaction shall be borne by them.

11.6.1

cancel the Trade; or

11.6.2

accept the Trade and require you to pay the shortfall.

11.7

As a user you may withdraw funds from your Account by you provided that

11.7.1

all payments made into your Account have been confirmed as cleared and have not been charged-back, reversed or otherwise cancelled;

11.7.2

any identity checks we conduct, including those we are required to conduct pursuant to applicable anti-money laundering regulations and rules or other obligations, are clear (including verification). Additional verifications may be required in connection with certain services which may cause an additional delay when withdrawing funds; and

11.8

While no further charges are imposed for deposits or withdrawals, you understand that it is your responsibility to check with your digital wallet, bank, service providers, and/or other payment service provider whether they will levy any charges from your Account.

11.9

You (and not AllStars Digital) are responsible for reporting or declaring any funds withdrawn, including any profits if such reporting is required by local law, tax or other authorities.

11.10

Any changes to your personal details (including your digital wallet or card details) shall be notified to us within reasonable. Failure to do so, deposits or withdrawals will be declined by your wallet provider, bank or Account.

11.11

In case of a compromised wallet or lost or stolen card, you are obligated to inform us as soon as possible. If you or your bank or other Card provider inform us that your Card has been lost or stolen, no further trades will be accepted to be made through your Account until you contact us with further instructions.

11.12

We may monitor your Account and use your Card details to verify your identity as required pursuant to the applicable anti-money laundering rules and regulations and/or other obligations, policies or procedures.

11.13

Funds deposited from your Digital Wallet or Card will be credited to your Account as soon as is possible and upon receipt of authorisation from your bank. It is your obligation to ensure that you maintain these funds in your Card account until your bank deducts them.

12.1

To prevent money laundering and terrorist financing AllStars Digital has the right to:

12.1.1

regularly check the data serving as the basis for identification of the Client and his or her representatives and to demand the submission of additional documents from the Client;

12.1.2

identify the Client, the Client's representative and/or the actual beneficiary at any time chosen by AllStars Digital, incl. in cases AllStars Digital has doubts about the information obtained in the course of initial identification;

12.1.3

establish temporary or permanent restrictions on the use of the Services;

12.1.4

demand additional documents and data about the Client's activity, including data about the Client's contractual partners, turnover, foreign payments, cash transactions and the share of cash transactions as well as data about the purpose and nature of the transaction and the origin of the Client's assets;

12.1.5

demand from the Client the submission of any other data or the performance of any other act AllStars Digital considers necessary for the fulfilment of AllStars Digital measures of prevention of money laundering and terrorist financing.

12.2

AllStars Digital has the right not to execute the Client's Order if the Client has not fulfilled AllStars Digital’s demands specified in Section 9 of these General Terms.

12.3

We also reserve the right to seek criminal or other sanctions against you if we suspect you have been engaged with fraudulent, dishonest and/or criminal acts and we may disclose such information deemed to be necessary to the relevant authorities or other relevant third parties.

12.4

We reserve the right to immediately suspend or terminate any Account if we reasonably believe you are involved in fraud, money laundering and/or any other form of illegal or suspicious activities and to report such details as we reasonably consider are necessary to relevant authorities.

13.1

Waiver - Failure by us to insist upon strict performance of any of your obligations or to exercise any of the rights or remedies to which we are entitled shall not constitute a waiver of such rights or remedies and shall not relieve you from compliance with such obligations. A waiver by us of any provision shall not constitute a waiver of any subsequent breach of that provision.

14.1

The Terms of Service constitute the entire agreement between you and AllStars Digital and supersede and extinguish all previous agreements, arrangements, promises, undertakings, proposals, warranties, representations and understandings between us whether written or oral, relating to its subject matter.

14.1.1

You acknowledge that in entering into the Terms of Service, you have not relied on any Pre-Contractual Statement (whether made innocently or negligently), which were made by or on behalf of AllStars Digital, in relation to the subject matter of Terms of Service, that is not expressly set out in the Terms of Service.

14.1.2

You agree that you shall have no claim for innocent or negligent misrepresentation or negligent misstatement based on any Pre-Contractual Statement.

14.1.3

Nothing in this clause shall limit or exclude the liability of either you or AllStars Digital arising out of any pre-contractual fraudulent misrepresentation or fraudulent concealment

15.1

You may not transfer, assign, charge or otherwise dispose of any rights or obligations arising under or in connection with your use of the Service, without our prior written consent.

15.2

You agree that we may transfer, assign, charge or otherwise dispose of any rights or obligations arising under or in connection with the Service.

15.3

You also agree that we may use third parties and sub-contract our obligations provided that we remain responsible to you for the performance of these Terms of Use.

16.1

If any of these Terms of Use should be found to be invalid, illegal or unenforceable for any reason by any court of competent jurisdiction then such term shall be removed and the remaining terms shall survive and remain in full force and effect and continue to be binding on and enforceable by AllStars Digital and you.

17.1

We will give notice to you via the Service or using the contact information you provided to us as part of your registration.

17.2

Notice will be deemed received and properly served immediately when posted to the Service, when an e-mail is sent.

18.1

It is always our intention to provide you with a quality service. However, should you have cause to complain, please raised a support request via on our Website

18.2

We will formally acknowledge your complaint and will try to resolve your concerns to your satisfaction as soon as possible. You will then receive a detailed written response within eight weeks, unless we write to you advising that a response will be delayed.

18.3

You acknowledge and agree that you shall only be entitled to make a complaint against us, and not against any individual employee, director or officer of ours.

19.1

The Terms of Use and the use of the Service generally and any dispute or claim arising out of or in connection with them or their subject matter or formation (including non-contractual disputes or claims) will be governed by the laws of The British Virgin Islands

19.2

The courts British Virgin Islands will normally have jurisdiction over any dispute or claim arising out of or in connection with the Terms of Service or their formation or your use of the Service generally (including non-contractual disputes or claims), unless you are resident in another state where such we retain the right to bring proceedings against you for breach of the Terms of Service in your country of residence or any other relevant country.