Arbitrage Terms and Conditions
Last Updated September 13 2024
1. Introduction
This document outlines the terms and conditions under which clients engage with The Trading Master Global LTD (hereinafter referred to as “the Company”) for participation in a crypto arbitrage program facilitated through third-party suppliers. By subscribing to this program, the client acknowledges they have read, understood, and agreed to all the terms stated herein.
2. Crypto Arbitrage Explanation
Crypto arbitrage refers to the practice of buying and selling cryptocurrency across different exchanges to exploit price discrepancies. While this form of trading can offer potential profits, it also comes with inherent risks, including but not limited to market volatility, liquidity issues, and platform malfunctions. The client acknowledges they understand these risks and accept full responsibility for any potential losses.
3. Role of The Trading Master Global LTD
The Company is a Contract for Difference (CFD) broker and does not operate as a cryptocurrency brokerage. The Company acts solely as a facilitator between the client and a third-party crypto arbitrage platform operated by Coyle Capital LTD (hereinafter referred to as “the Third-Party Supplier”). No Direct Trading on the Company Platform: All crypto arbitrage trading is conducted via the Third-Party Supplier, not on The Trading Master Global LTD’s platform. Fund Direction: By subscribing to the program, the client is instructing the Company to send their funds, in the form of USDT (Tether), to the Third-Party Supplier for the purpose of engaging in crypto arbitrage. Pooled Funds: The client acknowledges and directs The Trading Master Global LTD to pool their funds into a collective account, which will then be transferred to the Third-Party Supplier under the Company’s custody.
4. Acknowledgment of Risks and No Liability
The client expressly acknowledges and agrees to the following: Transfer of Custody: Once the funds are transferred to the Third-Party Supplier, they are no longer under the custody or control of The Trading Master Global LTD. The client understands that any issues with the Third-Party Supplier, including but not limited to locked funds, halted trading, or payment problems, are not the responsibility of the Company. Waiver of Liability: The client waives any and all claims, liabilities, or legal actions against The Trading Master Global LTD for any losses or issues that may arise with the Third-Party Supplier or the crypto arbitrage platform. Third-Party Supplier Liability: Should any legal action be necessary due to issues with the Third-Party Supplier, the client agrees to take action directly against the Third-Party Supplier and not the Company.
5. Lockup Period
The client agrees to a lockup period of their choosing, with available options being one (1) year, two (2) years, or three (3) years. During this lockup period: – Early Withdrawal Penalty: If the client wishes to redeem their funds before the end of the agreed lockup period, they will be subject to penalties as outlined in the subscription agreement. – Request for Withdrawal: The Company will make a request for withdrawal to the Third-Party Supplier on the client’s behalf when required.
6. Withdrawals and Payment Process Monthly Withdrawals:
Withdrawals from the Third-Party Supplier are made by The Trading Master Global LTD on a monthly basis. The profits or any available balances are then paid to the client via the Company. Payment Delays or Issues: The client acknowledges that any delays or issues with payments from the Third-Party Supplier are not the responsibility of The Trading Master Global LTD. In the event of payment problems or delays, the client must pursue the Third-Party Supplier directly for resolution. The Company assumes no liability for these issues. Profit Generation: The client understands that profits are generated on the Third-Party Supplier platform, not on The Trading Master Global LTD platform.
7. Cancellation and Lockup Agreement
The client has the right to cancel the crypto arbitrage program within two (2) days of subscribing. After this period, the client is bound to the terms of the lockup period they have selected.
8. Profit Percentage and Program Cancellation Percentage Agreement:
The percentage of returns displayed to the client at the time of subscription is an estimate based on market conditions and is not guaranteed. The client acknowledges that the crypto arbitrage program may result in a loss of part or all of their capital. Program Termination: The Trading Master Global LTD reserves the right to cancel or terminate the crypto arbitrage program at any time, without prior notice to the client.
9. Pooled Funds
All client funds are pooled into a single account managed by The Trading Master Global LTD and sent to the Third-Party Supplier for the purpose of crypto arbitrage. The client understands and consents to this pooled fund structure.
10. Independent Legal Advice
By agreeing to these terms, the client confirms that they have sought independent legal advice before subscribing to the crypto arbitrage program. The client also acknowledges that they fully understand the risks involved, including the potential for total loss of their invested capital.
11. Risk Disclosure
The client acknowledges that crypto arbitrage trading is inherently risky and may result in significant losses. The client confirms that they are using only capital they can afford to lose and understand that this program does not constitute a traditional investment but rather speculative trading.
12. Governing Law
These terms and conditions are governed by and construed in accordance with the laws of the jurisdiction in which The Trading Master Global LTD operates. Any disputes arising out of or in connection with these terms shall be subject to the exclusive jurisdiction of the courts of that jurisdiction.
13. Final Acknowledgment
By subscribing to the crypto arbitrage program, the client confirms that they have read, understood, and agreed to all the terms and conditions outlined in this document. The client acknowledges their acceptance of the lockup period and the associated risks, and they confirm their understanding of the Company’s limited role in facilitating the transfer of funds to the Third-Party Supplier.