Jetvix Referral Program Rules
These Rules regulate the interaction between Jet Corp LLC, a company registered in accordance with the laws of Saint Vincent and the Grenadines, located at Ginger Village, Belmont, Kingstown, St. Vincent and the Grenadines, registration number 2823 LLC 2023 (hereinafter referred to as “the Company”), which operates Jetvix trading Trading Platform (jetvix.africa, Jetvix mobile application, hereinafter referred to as “the Trading Platform”), on one hand,
and an individual, client of the Trading Platform (hereinafter referred to as “the Client”), interested in attracting new users (Referrals) to the Trading Platform, as well as such a Referral, on the other hand.
These entities are jointly referred to as “the Parties”.
1. Preamble
1.1. These Rules establish the procedure for interaction of Clients with the Company and other individuals (Referrals) for the purpose of attracting new users to the Trading Platform.
1.2. By inviting a Referral using a Referral Link, the Client fully and unconditionally accepts the terms set forth in these Rules.
1.3. Client Agreement, Privacy Policy, AML & KYC Policy, and Jetvix Respawn Promotion Rules posted on the Trading Platform are an integral part of these Rules. By accepting the terms of these Rules, the Client and/or Referral accept the terms of the aforementioned rules, policies, and agreements.
1.4. Any further mentions and references to the Trading Platform / Platform / Jetvix / www.jetvix.africa website / Jetvix mobile application are equivalent and equal. Any terms and concepts whose content is not disclosed in these Rules have the meaning indicated in the Client Agreement, Privacy Policy, AML&KYC Policy, and Jetvix Respawn Promotion Rules.
1.5. These Rules are compiled in accordance with the current legislation of Saint Vincent and the Grenadines.
2. Key Terms
● Progress-bar is a scale that shows the extent of the Referral’s completion of the mandatory trading volume, displayed in the personal profile of the Client/Referral.
● Referral is an individual who is capable and adult according to the laws of their country of permanent residence, attracted by the Client to register on the Trading Platform via a Referral Link and not being a Client of the Company (not having a registered Account on the Trading Platform) at the moment of receiving the invitation.
● Referral Link is a uniform resource locator (URL) generated by the Trading Platform and containing a unique Client identifier, which is used by the Company to record user statistics, and by the Client to attract Referrals for the purpose of their subsequent registration on the Trading Platform and receiving referral payments.
● Referral Payments is remuneration paid by the Company to the Client and the Referral attracted by them for fulfilling the Target Conditions.
● Referral Program (Rules) is a set of measures aimed at encouraging current Clients of the Company to attract new users (Referrals) with subsequent payment of remuneration after they both fulfill the Target Conditions.
● Target Conditions are conditions that Clients and/or Referrals must fulfill to receive Referral Payments.
3. Who do these Rules apply to?
3.1. Current Clients of the Company who attract new users (Referrals) to the Trading Platform using their Referral Links.
3.2. Referrals invited by the Clients, registered on the Trading Platform via Referral Links.
4. Target Conditions
4.1. Conditions that must be fulfilled to receive Referral Payments:
4.2. To complete the mandatory trading turnover means to open and close such a number of positions that are equal to or exceed the size of 1 lot. For the purposes of these Rules, the size of 1 lot is 100,000 USD.
Example: to complete the mandatory trading turnover on the USDJPY asset, the Referral needs to open and close positions for 100,000 USD. Taking into account the maximum leverage of 1:500 for this asset, the minimum necessary personal free funds will accordingly be 200 USD.
4.3. The completion of the mandatory trading turnover by the Referral can be tracked through the Progress-bar in the personal profile of the Client/Referral.
5. Respawn and Referral Payments
5.1. For the purposes of participating in the Referral Program, the mandatory trading turnover is considered to be continuous trading turnover, which the Referral completed without using the Respawn option.
5.2. If the Respawn option is used, the progress in completing the mandatory trading turnover is reset to zero. The mandatory trading turnover in this case will have to be completed again.
5.3. If the Referral has completed the mandatory trading turnover but has not used the Respawn option, they must wait for the expiry of the Respawn option (see the rules of the Respawn option).
6. Receiving Referral Payments
6.1. Information about the accrued Referral Payments is posted in the personal profile of the Client/Referral on the Trading Platform.
6.2. After fulfilling the Target Conditions, the Client/Referral has the opportunity to transfer the Referral Payments to their real account through the corresponding function in their personal profile on the Trading Platform.
6.3. The receipt of Referral Payments by the Client and Referral to the real account on the Trading Platform will be considered as proper fulfillment of obligations by the Company within the Referral Program.
6.4. The Client and Referral each receive 10 (ten) USD (or their equivalent in local currency) to their real account on the Trading Platform in case of fulfilling the Target Conditions as Referral Payments.
7. Restrictions for Participants of the Referral Program
7.1. The Client undertakes to refrain from actions that knowingly violate applicable law and negatively affect the reputation of the Company, including, but not limited to, the following:
● using the Referral Link to register themselves as a Referral;
● distribution/publication of knowingly false information about the activities of the Company and/or its employees, management bodies, beneficiaries, and partners;
● managing accounts of Referrals on the Trading Platform;
● attracting minors as Referrals;
● attracting as Referrals individuals who are citizens/residents of countries listed in clause 10.2 of the Client Agreement;
● using malicious methods of attracting an audience, including but not limited to: mass spam mailings; misleading statements/materials on web resources, applications, or other objects, including fake systems, services, or notifications in applications; advertising aimed at forcing users to use the Trading Platform and/or download the Jetvix application; and/or promotion or use of installation methods that lead to redirection to Google Play, App Store, and/or another app store or downloading the Jetvix application without prior user notification;
● committing any fraudulent actions aimed at obtaining Referral Payments by deception without fulfillment of the Target Conditions, including but not limited to the following: registration on the Trading Platform of fictitious users, forgery of documents and information during verification, use of bots, neural networks, and other software imitating real users.
7.2. The Company has the right to refuse Referral Payments if the Client and/or Referral violate these Rules.
7.3. If the Company detects any suspicious activity regarding the actions of the Client and/or Referral, the Company may, at its discretion, delay the payment of Referral Payments for a period of up to thirty (30) days to conduct an investigation.
7.4. If fraudulent actions are revealed during the investigation, the Company has the right to suspend/block the operation of the Client’s and/or Referral’s Accounts without paying Referral Payments, annul the Referral Links, and use other remedies permitted by law.
8. Liability of the Parties
8.1. The Company is not responsible for the actions or omissions of the Client and/or Referral.
8.2. In any case, the liability of the Company, its directors, shareholders, subsidiaries, employees, or agents does not include liability for compensating losses incurred by the Client/Referral as a result of compliance or violation of these Rules, as well as for indirect, extraordinary, subsequent, or other additional expenses related to special circumstances, incidental or punitive damages or expenses (including but not limited to: lost profits, indirect damages, loss of revenue, loss of data or damage to reputation), even if the Client/Referral was warned of the possibility of such. The liability of the Company is limited to the amount of direct damage incurred by the Client/Referral as a result of gross negligence or deliberate illegal actions of the Company.
8.3. The Company is not responsible for failures or malfunctions in the operation of any software, hardware, communication tools, or other systems (both on the part of the Client and/or Referral, and on the part of the Company).
8.4. The Company is not responsible for losses of the Client and/or Referral arising from force majeure circumstances. Force majeure circumstances include, among other things, the following: natural disasters, man-made disasters, military operations, terrorist acts, uprisings, civil unrest, strikes, riots, the introduction of government restrictions affecting the implementation of these Rules, the introduction (or changes) of market and/or currency regulation and the suspension of stock trading.
8.5. In all cases, the liability of the Company is limited to the lesser of the following amounts: (1) the total amount of Referral Payments paid to the Client/Referral for one (1) past month prior to the event causing liability, or (2) five thousand (5,000) US dollars.
8.6. To the extent permitted by applicable law, the Company disclaims any explicit or implied warranties, including any explicit or implied warranties regarding the availability of the Trading Platform and the absence of viruses, errors, or security threats on it.
8.7. The Client and/or Referral guarantee:
● compensation for any damage and protection of the Company, as well as its directors, shareholders, subsidiaries, employees, or agents from any liability, claims, expenses, or damage, including reasonable legal expenses, arising directly or indirectly as a result of the activities of the Client and/or Referral. The Company has the right to deduct compensation from the Referral Payments if there are reasons for its collection;
● that they are able to fulfill their obligations in accordance with their personal law and the legislation applicable to these Rules, and their actions do not violate any law, legal act, rules, or regulations;
● that they have analyzed the potential risks of participating in the Referral Program;
● that all their personal information provided to the Company is true, accurate, and up-to-date.
8.8. The Client and/or Referral are solely responsible for complying with the requirements of the applicable tax legislation regarding Referral Payments. The Company has the right to provide any information about accrued and paid amounts to any state authorities upon their request.
9. Dispute Resolution
9.1. The Parties must make every effort to resolve disputes through negotiations.
9.2. In the event of a dispute, the Client and/or Referral may send a claim to the following email address: [email protected]
9.3. In such a case, the claim will be considered within five (5) business days since the date of its receipt, provided that the claim contains a reasoned description of the violations of these Rules by the Company and the necessary evidence (if available).
9.4. When submitting a claim, the Client and/or Referral must provide the following information:
● information about themselves (login and email address);
● the essence of the dispute, their requirements;
● the amount of monetary claims and justification for how it was calculated (if the complaint is subject to monetary assessment);
● circumstances on which the claims are based, and evidence supporting them, including the relevant items of the provisions of these Rules;
● a list of documents attached to the claim, and other evidence if available;
● any other information that the Client and/or Referral deem necessary to communicate.
9.5. In order for the dispute to be resolved as soon as possible, the Client and/or Referral must provide all of the above information in full.
9.6. If the claim does not meet the requirements set out in clause 9.4 of the Rules and/or if any of the following conditions exist, the claim may be denied:
● claims are made more than 30 (thirty) calendar days after the dispute arose;
● the person submitting the claim makes provocative statements, unfounded accusations, or threats to “blacken” the business image of the Company;
● the claim contains threats, insults, or profanity directed at the Company, its directors, shareholders, subsidiaries, employees, agents, or partners.
9.7. In the course of considering the claim, the Client and/or Referral may be asked to provide additional documents, explanations, or information.
9.8. The consideration of the claim is based on the facts set forth in it and the log records of the server. When considering a dispute, the log records of the server have a preferential force over other evidence.
9.9. Within ten (10) business days following the day after the claim was sent, the Company provides the Client and/or Referral with a response about the measures taken to resolve the dispute, as well as recommendations for further actions. If the Company needs to obtain additional information to resolve the dispute, it has the right to extend the time for considering the complaint with notification to the person who submitted the claim.
9.10. Complaints for compensation of lost profits and/or compensation for moral damage by the Company are not considered.
9.11. The dispute is considered settled if within five (5) business days from the date of sending the response to the Client and/or Referral, the response was not disputed by them on the merits.
9.12. The dispute may be considered in court if the Parties fail to settle it within one (1) month from the date the Company receives the complaint.
10. Duration, Amendment, and Termination of the Rules
10.1. The Rules become binding for the Parties since the moment the Client invites the first Referral.
10.2. The rights and obligations of the Parties established by these Rules remain in force until their termination on any of the grounds listed below.
10.3. The Company has the right at its discretion at any time to make changes to these Rules. These changes come into effect since the moment the amended text of the Rules is posted on the Trading Platform unless the Rules themselves specify a different effective date for the changes. The Client and/or Referral must independently familiarize themselves with the current edition of the Rules.
10.4. If the Client and/or Referral disagree with the amended edition of the Rules, they have the right to terminate actions to fulfill the Target Conditions at any time. In this case, Referral Payments will only be made for Target Conditions fully fulfilled at the time of such termination.
10.5. These Rules may cease to be effective for the Parties:
10.5.1. at the initiative of any of the Parties;
10.5.2. in the event of the death of the Client and/or Referral or their recognition as incompetent;
10.5.3. in the event of the liquidation of the Company;
10.5.2. by court decision.
10.6. Regardless of the basis for the termination of the Referral Program, the Company is obliged to fulfill its obligations to the Client and/or Referral in the manner provided by the Rules.
10.7. The Client and/or Referral have the right to terminate participation in the Referral Program at any time, regardless of the reasons.
10.8. To unilaterally terminate participation in the Referral Program, it is sufficient for the Client and/or Referral to simply stop fulfillment of the Target Conditions.
10.9. If they wish to resume their participation in the Referral Program, the Client and/or Referral can return to fulfilling the Target Conditions at any time, in case the Referral Program is terminated. In this case, they must be guided by the edition of the Rules in force at the time of such return.
10.10. The Company has the right to unilaterally terminate the Referral Program without explaining the reasons.
10.11. Since the moment of termination of the Referral Program, the Company no longer accrues Referral Payments to the Client and/or Referral for fulfilling the Target Conditions. At the same time, the Company pays the Client and/or Referral Referral Payments for the Target Conditions already fulfilled at the time of termination of the Referral Program. The exception may be the withholding of Referral Payments in accordance with the chapter “Liability of the Parties” in case of violation by the Client and/or Referral of these Rules, in particular – the requirements of the chapter “Restrictions for Participants of the Referral Program”
11. Final Provisions
11.1. The Client and/or Referral are not entitled to transfer their rights and obligations as participants of the Referral Program to a third party.
11.2. The Company on the one hand and the Client and/or Referral on the other hand do not enter into labor, agency, or partnership agreements, do not create a joint venture.
11.3. Under no circumstances does the Company authorize the Client and/or Referral to publish informational messages or any statements on its behalf.
11.4. These Rules are the most complete and final description of all the terms of interaction of the Parties for the purposes of the Referral Program and supersede all previous oral or written agreements, if any.
11.5. In the event of a discrepancy between the text of these Rules in English and the text in other languages, the version of the Rules in English shall prevail.
11.6. These Rules come into effect on November 4, 2024