AMERRY SERVICES LTD
68 BEDFORD ROAD,
READING RG1 7HR,
ENGLAND
company number: 13464211
Email: info@skip-trading.com
Phone: 00420 775 551 790
These General Terms and Conditions ("Terms") govern the rights and obligations related to the use of the simulator named SKIP Trading simulator mobile application ("Application"). The operator and provider of services available on mobile applications is AMERRY SERVICES LTD, located at 68 BEDFORD ROAD, READING, ENGLAND RG1 7HR, company number: 13464211 ("Provider").
This application serves to develop the skills and experiences of individual users - individuals ("User") who would like to try trading on platforms with currencies or securities in the future, where their real exchange occurs. To avoid doubt, this Application does not allow this and serves only as a simulator of the historical market development of assets.
The application is merely a simulator of historical market development of assets, which operates in two versions - (i) Demo and (ii) Real version, with further details provided later in the text of the Terms (hereinafter these simulators are collectively referred to as "Services"). For the avoidance of doubt, Services do not refer to any investment services or gambling, as their use does not meet the basic parameters for these regulated activities; rather, the application is qualified and falls into the category of "real money skill games," which is a category of games that allows users to play for real financial resources based on the user's skills. Such types of games do not fulfill the essence of gambling, as they do not contain elements of chance and do not meet other parameters for these regulated activities. Agreements between Users are realized based on already published (historical) data, as stated further.
Access to the Application is granted only to individuals over the age of 18 with a residence (permanent residence) who properly register and subsequently identify themselves in accordance with these Terms. This means that they are interested in using the Services offered by the Application. Legal entities or similar entities (e.g., trusts, investment and other funds, or financial institutions) are also not allowed to use the Application. The use of the Application is not permitted in states whose regulations (legislation) prohibit it, which is the responsibility of each potential interested party to verify.
In the event of the User agreeing to the Terms (by clicking/checking the box) and registering through the registration form in the mobile Application or on the Application's website, a Contract is concluded between the User and the Provider (under the conditions stated below), the subject matter of which is the provision of the Services that the Provider offers within the Application and are governed by these Terms. The User is aware that this is a distance contract (via agreement to the Terms online, which allows the conclusion of a contract without the simultaneous physical presence of the parties, but which under certain conditions allows, for example, withdrawal from the contract, as specified below).
Given the specifics of concluding a distance contract, the contract between the User and the Provider is concluded at the moment when the User registers – fills out the registration form to set up their account, through which the User provides the Provider with their email address, required personal information, and their username (so-called "nickname") and chooses a password. By checking (clicking) on the appropriate icon, the User acknowledges that they are definitively committing to using the Application,including its Terms, which means that the user has become acquainted with all documents and agrees to them, thereby entering into the Agreement with the Provider. For the avoidance of doubt, it is stated that a classic written contract is not concluded; in this case, the Agreement is concluded by (i) filling out the registration form to create an account, (ii) the User's acceptance of the Provider's Terms, (iii) the identification and registration of the User that has taken place, and (iv) the acceptance of the future User by the Provider (sending an email to the successfully registered User by the Provider).
By creating a Client section (registration), the User agrees to the use of remote communication means when entering into the Agreement.
Before providing Services, the Provider or its contractual partner (payment service provider) is entitled to require identification documents from each future User (including, but not limited to, an identity card, driver's license, passport for the purpose of identification) and possibly additional supplementary documents and information necessary to identify the User according to the conditions it sets.
The Provider is entitled to require at least the following information: name, surname, and birth number, or if not available, date of birth, as well as to require the User to take a photo (selfie) under the conditions set by the Provider. The payment service provider is in accordance with the relevant provisions of the legal regulations (particularly Act No. 253/2008 Coll., on certain measures against the legalization of proceeds from crime and the financing of terrorism (the so-called "AML") entitled to require the identification of the sources of the User's financial means. The purpose is to eliminate the risk of money laundering (AML) so that only entities that meet the requirements of domestic legal regulations participate in the Application simulator, even though this legal obligation is already verified by payment service providers (payment gateways).
A condition for participation in the Application is that the User creates an account using their email address and chooses a nickname and password on the website www.skip-trading.com or may do so directly in the Application.
The Provider reserves the right to refuse User registration without stating reasons or to deny them access to the Application (especially due to potential violations of legal regulations or AML rules). The Provider also reserves the right to refuse User registration in the Real account, particularly if the User does not successfully complete the verification process of the Provider or the payment service provider or other services, where proper verification is one of the conditions for access to the Real account. The reason may primarily be that the payment service provider checks the reliability of the User's sources of funds, meaning that they may not pass the so-called AML (anti-money laundering) process or measures that each EU country has implemented to combat money laundering and terrorism.
The Client section (also referred to as the "User/Profile" section). By accepting and being accepted by the Provider into the Application, the User acquires the right to be admitted to two parts of the Application, which are collectively referred to as "Services":
(i) a Demo account, where registration is automatic upon logging in, and
(ii) a Real version, where it is subject to Verification.
The term "Services" may be used differently in various versions of the Applications, as mentioned above, and always follows from the context. The User agrees to provide only accurate and truthful information in their profile in the Client section and is obliged to keep it up to date in relation to the Provider (sufficient notification by email is acceptable, if it cannot be changed directly in the Application).
Login will take place directly in the Application using the username (the so-called "nickname") and the password chosen by the User, which can be changed at any time. Biometric services (so-called Face ID) may be used for login, to which the future User agrees.
Another option for accessing some information from the Application is to log in on the website www.skip-trading.com,under the same nickname and password, where the User does not log directly into the Application but only into their profile, where they will have access to a partial summary of results from the Application. On the website, it is also possible to address Complaints, inquiries, or other suggestions for the Provider or the deletion (cancellation) of the account in the Application.
If the User completes registration, they can further proceed to two different levels of the simulator. By registering, the User automatically receives a Demo account, which is the basic account for each User, who does not have to fill in all personal data and does not have to go through the so-called Verification process.
If the User is interested in using the services of the so-called Real account, they will have to, in addition to registration, where they automatically receive a Demo account, go through the Verification process, meaning the internationally recognized Know Your Customer (Client) "KYC" procedures and also for the purpose of ensuring compliance with the rules of EU law and regulations on certain measures against the legalization of proceeds from crime and the financing of terrorism ("AML"), if this has not been carried out by the payment service provider, as is their obligation under European Union rules.
The Verification process is a condition for obtaining a Real account in the Application so that the User can make deposits and withdrawals as well as carry out Orders using funds. For Verification, the User must present two valid official documents and proof of residence, which includes:
The documents required for Verification are stored with the certified global company Veriff that provides identity verification services. The company Veriff is used by large multinational companies. All information about the verification company Veriff is available on the website www.veriff.com and serves the Application Operator to ensure compliance with AML rules (anti-money laundering) and that every potential User is uniquely identified.
Every User who has passed Verification can freely switch between the Real and Demo versions (accounts).
In the "User/Profile" section (or also "Client section" for the purposes of these Terms), the following information is available:
(i) "Personal information" (Os. Information/Personal Info/), where in the "Settings" section, the information the User filled in during registration is located. After passing Verification, personal data cannot be changed. If it is necessary to change personal information, the User must contact the Provider via Helpdesk. After changing personal information, it is necessary to undergo Verification again (similarly, if they change their bank account number);
(ii) in this section, additional utilities (options) that the User can modify may be present.
In the "Settings/Setting" section, there are options that allow the User to choose the language version of the Application, upload or delete their debit card, change their password, Notifications, where the User can set based on the list what notifications they want to be active or inactive, and in this section, they will also receive information mainly about changes to the Fee schedule, Terms, and other significant information as well as other personal data that are not in the "Personal information" section.
In the "Support" section, the User will find:
(i) in the FAQ section, answers to the most frequently asked questions,
(ii) the Helpdesk section contains a contact form in case of problems or other inquiries, which the Provider tries to respond to as soon as possible to the last known User contact - email address. Contacting the Provider operates in such a way that in the "User-Support-Helpdesk" section, the User has a contact form displayed, where they can select from predefined message subjects (Account/Account,Cash-flow, Technical Issues, Change of Personal Data, Change of Banking Account or Others) selects the appropriate category and then writes and sends a message with an inquiry or information. The provider typically responds within 48 hours (on business days) electronically to the User's email under which they are registered, unless there are technical issues that prevent the sending of the email or if answering the inquiry requires more time. Additionally, this section provides the current Terms and Conditions and License Terms (Polygon, Scichart, Veriff, DFX5, payment service providers or payment gateways) or others necessary for using the Application. There is also the option to submit a Complaint in this section (see below).
In the Activities section, there are:
(i) Ranking, which means a ranking of all Users in the Application. The User has a basic view of the Ranking in their Rank category. Using filters, the User can sort users at their discretion,
(ii) Inventory applies only to the Real account, where rewards, discounts on Fees, and similar benefits for using the Application are stored for the User,
(iii) Academy as described below in the article,
(iv) also, this part contains explanations of terms used in the Application if they are not explained in these Terms;
(v) a button for switching between Demo and Real accounts.
In the Demo account (version), no Orders can be executed for real money, only for virtual currency (so-called SkipCoins), where Users will practice placing Orders in a trial environment, even though they will be working with real (historical) market data. There will be no movement of real monetary funds, let alone existing and traded investment instruments.
In the Demo account, the User can execute an unlimited number of Orders, testing what it’s like to operate within the simulator, which does not affect the Provider's right to limit the number of their Orders for "fictitious" agreement closures. The Provider is entitled to limit or exclude a given User from the Demo account.
"SkipCoins" is a virtual currency that is electronically created and stored in the Demo account (in the Balance section), with each User receiving 1,000 SkipCoins for their own use and to execute Orders in the Demo account upon proper registration and acceptance into the Demo account; these do not have to be returned (but they are not reimbursed in any way in the event of termination of their participation in the Demo account. Upon deletion of their account, they are automatically deleted with their account and the User has no right to their reimbursement or any other compensation). If the User has less than 1,000 SkipCoins every day at 23:59, the missing amount of SkipCoins will automatically be topped up to 1,000 SkipCoins. If the User has more than 1,000 SkipCoins, no additional ones will be added. Based on the Rank system, they progress through levels, ranking in the so-called Ranking similarly to simulated trading in the so-called Real Account.
Fees are paid from allocated SkipCoins according to the relevant Rank on the condition that an Order is executed and an Agreement is closed, as specified below in the Fees table.
Closing Agreements in the Real account (version) differs from the Demo account, where there is no exchange of real monetary funds. In the Real account, there is a real transfer of monetary funds between Users who have concluded an Agreement, provided that the conditions specified below are met, thereby resulting in the closing of an Agreement.
Each user of the Real version who has met the Verification conditions is obligated to allow the payment service provider (so-called payment gateway) to deduct a certain minimum amount from their account, if required, to verify that it is indeed the User's account. If the User wants to use the services of the Application and place Orders, they must deposit a specified amount (Deposit) into the designated account, which will be used for the settlement of individual Agreements based on historical data, as described below. The User is not entitled to place Orders for amounts that are not covered by their Deposit in the Balance account, including the Fee that they will be required to pay if the Agreement is realized. The minimum deposit limit for the Balance section is 10 EUR/USD. The minimum limit for placing an Order is 1 EUR/USD, otherwise, it will not be accepted.
Withdrawal of funds from the Balance is only possible to the bank account from which the funds were deposited into the Application (in case of changing accounts, the User must contact the Provider). The User can monitor the balance of their monetary funds in the part of the Application called Balance, where, if they want to actively place Orders and close Agreements, they must regularly replenish the Balance if they are short of funds for executing a potential Agreement. The User is also aware that fees from the payment service provider (payment gateway) may apply to Withdrawals.
In the case of the Real version, among Users who have closed an Agreement, if the User decides to participate in the opportunity, i.e., sends through the mobile application information that the price/rate will develop upwards or downwards, and finds a "counterparty" (the second User) who decides it will be in the opposite direction, the Agreement is concluded. Of course, this will not involve the actual exchange of currency pairs (e.g., EUR against USD or shares against monetary funds),ale only the result of the Agreement will be displayed, i.e., how the rate has historically evolved at that time. The results will be published in the scope – underlying asset, chart time frame, timeline, liquidity, sentiment, and to illustrate the result, it will show what the result of the Agreement is, when historical data will further display the levels of prices/rates that have been achieved in the markets in the past, when the results of executed Agreements are stored in the Client section, Command/Agreement History section.
If the User succeeds with their Command, they realize a profit equal to the value of their own Command, which corresponds to the identical value of the Command of the counterparty with whom they concluded the Agreement. Conversely, in case of failure, they will lose an amount equal to the value of their own Command, which corresponds to the identical value of the Command of the counterparty that they placed against them in the Application.
The profit is credited within the Application in the Balance section, where it is immediately visible. Conversely, the loss (unsuccessful conclusion of the Agreement) is deducted from the Balance. All transactions are visible (displayed) in the Client section, Cash Flows section.
In case there are insufficient funds in the Balance section to execute the Command that the User chooses, and to cover the Fees, the Command is rejected.
Once the Command is finally submitted, it cannot be exited from or altered in any way. The reason is the pairing process (finding a counterparty – another User), which would thus be disrupted, and the Agreement would not be concluded.
To eliminate any doubt, it is stated that the Agreement can be concluded between one User giving the Command (on one side) and one or more Users (on the other side) who accept the submitted Command and fulfill (match) the identical amount of the submitted Command. Analogously, in these Conditions, the term “counterparty” is used for a User who submits an offer against another User's Command.
In the Real version, the following terms are used:
Inventory, where rewards, discounts on Fees, and similar benefits for using the Application are stored for Users,
Adjustment of deposit by pairing (ADP) means adjusting the input amount to the value of the Command for easier pairing, which serves to locate the relevant counterparty (User) that the User submitting the Command chooses themselves in the “User” tab from 1 to 99%. To eliminate any doubt, this pertains to the User's authorization towards the Provider regarding how much reduction in the value of the submitted Command they agree to in order for the Agreement to be executed, i.e., to find the relevant counterparty (User or group of Users).
Deposit – depositing funds into the Application using a credit card via a payment gateway. The crediting of funds to the User's bank account typically takes from 1 to 3 business days. Deposits are not charged by the Provider unless the Provider decides otherwise (by changing these Conditions). The funds are located in the bank account [TO BE COMPLETED] held by the bank institution [TO BE COMPLETED] of the company [TO BE COMPLETED] based in [TO BE COMPLETED] operating the SKIP Trading application. The minimum deposit limit for the Balance section is 10 EUR/USD.
Withdrawal means the withdrawal of funds from the Application to the User's bank account. Withdrawals can only be made to the bank account from which the funds were deposited into the Application. Financial transfers such as deposits/withdrawals are directly tied to the User's account under the unique User ID that gives the transfer Command in the Application. The Provider charges [TO BE COMPLETED] % of the amount for the withdrawal. The funds are located in the bank account [TO BE COMPLETED] held by the bank institution [TO BE COMPLETED] of the company [TO BE COMPLETED] based in [TO BE COMPLETED] operating the SKIP Trading application.
Real Account EUR/USD - in the Application, switching between dollar and euro accounts is allowed. The given account supports only one specific currency. Conversion between currency accounts is not possible, including conversions for the purpose of paying Fees. These accounts are not dependent on each other, meaning that a separate Rank, Statistics, Ranking, etc. applies for the euro (EUR) account, and similarly for the account in US dollars (USD).For a closed Agreement, Users will be charged Fees in favor of the Provider, the value of which decreases (see Client section/section Rank).
Both versions (Demo and Real account) are based on historical data, i.e., trading is not done with real currency rates or securities prices. However, the displayed charts (or "opportunities" as further used in the text of these Terms) correspond to real prices/quotes in the market that specific stocks or currency pairs achieved in the past. For users, they are partially anonymized at the moment they are displayed. Based on the displayed information (various supporting details such as historical charts of the asset's development or other technical indicators, relevant Time Zones, realized liquidity (tradeability) of the underlying asset, and especially the specific currency pair or security (underlying asset)), the User has enough information to decide based on relevant information whether to place an Order or not. When displaying the given data (especially the disclosure of the underlying asset) and using technical analysis, each user is entitled to freely decide whether to place an Order according to their own discretion regarding which direction the rate/price of the known asset will develop. The User makes their decision with knowledge of the underlying asset, which they are aware of before placing the Order, and historical liquidity - currency pair, type of stocks, or other securities, but only based on technical analysis and their own experiences (thus, this is not a "unknown circumstance" because every User has access to information, albeit historical, to decide whether to place an Order. Historical data is simply traceable on various internet sites.
Each User has the opportunity to close an Agreement, which takes place within the intervals when they have the option to decide within 150 seconds to insert an Order into the Application, and then there is a duration of 30 seconds during which the result shows whether an Agreement has taken place, i.e., whether a match occurred. Each User must be aware that before placing the Order, they are responsible for ensuring they have sufficient funds in the Balance section; otherwise, the possible Agreement will not be executed.
Within the Application, the User has access to the history of the results of their Agreements, account balances, or information about underlying assets, including cash flows.
"Agreements" are closed based on the Orders placed by the User, which are matched with the Order of another User. Each User is responsible for placing the Order, for which they must ensure there are enough funds in the Balance to cover its value, including the Fee.
In both the Demo and Real account versions, the following terms are used and applied, listed in alphabetical order:
Bonus Balance (Bonus) - an indicator of the amount of financial reward that can be obtained according to the rules of the so-called promo program. This financial reward cannot be immediately used for placing Orders. It can be obtained according to the rules see promo program. After unlocking, the User transfers the financial reward Bonus to the Balance section and can use it to execute an Order or Withdrawal.
Buy/Sell History/Order History/Agreements - a section. The Application displays the history of executed Agreements, where the following information is available for each executed Agreement:
Time Zones are factors used to simulate exchange times. They show,in which trading zone the User is currently located. In case the Time Zones overlap, it may indicate an increase in the given Liquidity.
Indicators are tools for technical analysis. The application offers the most commonly used indicators through [TO BE COMPLETED].
Liquidity means that Orders are divided into guaranteed liquidity and non-guaranteed liquidity. Guaranteed liquidity can be found in the Application below the chart, where the liquidity indicator is located, whereby the Provider reserves the right for guaranteed liquidity to be provided by a third party that is independent of the Provider. For each opportunity, there is currently guaranteed liquidity of 10,000 EUR/USD for a Buy Order (upper green level) and 10,000 EUR/USD for a Sell Order (lower red level).
If the liquidity indicators are met, liquidity is exhausted and in such a case, for the Order to be executed, non-guaranteed liquidity is needed, that is, the liquidity of the User (or a group of Users) who places an opposite Order, thereby creating complete or partial liquidity.
Settings in charts is an option to individually set up the Chart environment, such as line thicknesses, line colors, chart types, and others.
Promotion has the meaning defined in the eponymous article.
Symbol is an indicator of the asset's name.
Time Frame is an indicator of the time frame.
Drawing are drawing tools.
Logout means logging out of the Application.
Fee – as defined below in a separate article.
Waiting means the status of an Order in search of Liquidity and concluding an Agreement, where similar terms “Waiting, Paired, Reject” mean the indicators of the Order's status in the following sense:
(i) Reject – rejection of the User's Order and return of the Deposit intended for the Order, including the return of the Fee if it has already been charged,
(ii) Waiting – processing of the Order, or searching for liquidity.
(iii) Paired – acceptance of the User's Order.
Rank has a meaning defined in the Fees section below.
Money risk management (MRM) means that each User manages their level of risk in relation to the size of their individual Order. This risk level is chosen by the User in the “User” section ranging from 1 to 90%, always depending on the amount of their funds in the Balance section. The Provider is in no way responsible for risk management, as it does not provide investment or banking services.
Sentiment is an indicator that displays the percentage ratio of Users who executed an Order on the buying (green level) or selling (red level) side.
Statistics – an overview of the User's overall activity for the purpose of analyzing their skills.
Delete Account means the deletion of an account, which can be done through the Application's website in the User's profile in their Client section (User/Profile) or in the Application itself.
Cash Flow is an overview of cash movements, where the User can see their Deposit, Withdrawal, profit, and loss, or Fees. In this section, it is possible to export a statement in pdf, csv, xml format through the Application's website and also in the Application itself. All Cash Flows have their ID (identification number), by which they can be identified.
Concepts in cash flow:
Input + Profit – deposit on demand + profit from deposit on demand
Input – deposit on demand
Fee – fee from deposit on demand
Input Reject – return of deposit on demand to Balance due to the inability to find a counterparty, i.e., the user was not matched
Fee Reject – return of fee from deposit on demand to Balance due to the inability to find a counterparty, i.e., the user was not matched
Leverage – amount of leverage
Fee Leverage – fee from leverage
Profit Leverage – amount of leverage + profit from leverage credited to user in Balance
Loss Leverage – loss of borrowed funds
Lines in the chart mean indicators for the Buy Order (green level) and Sell Order (red level). The User decides based on technical analysis whether the Chart will first reach the intersection of the upper green or lower red level. After selecting the level, the User can freely navigate within the Application or minimize the Application on the device. The opportunity, in the case of Order acceptance, will still occur, and an Agreement will be concluded, where in such a case, the result will be displayed in the notification window in the Application or in the “Order/Agreement History” tab.
If the User cannot confirm the Order at the given level, the likely reason may be insufficient funds, including funds to cover the Fee, which can be verified in the Balance section. The condition for placing an Order is,User must have a sufficiently high level of funds in the Balance section, as the Fee is calculated from the amount of funds in the Order, which is subsequently deducted from the Balance.
Balance – an indicator of the current balance of the User's financial resources.
Using the Demo version is free of charge.
A condition for using the Real version is that the User must enter their valid debit card into the Application (at least 3 months before its expiration date). The Provider is entitled to request the payment gateway to withdraw a symbolic amount to verify whether the debit card is active (the relevant amount will subsequently be credited to the User's Balance section). After successful Verification, the User can upload their debit card (Payment card) into the Application. The card can be changed at any time for another, but only one debit card can be active in the Application. The condition for using the Live version is to complete Verification and validate the debit card.
All payment transfers will be processed through the payment gateway. The payment gateway is a licensed system that facilitates payments for the User via their debit card over the internet. The payment gateway is a highly secure system, where payment data is protected by means such as 3D secure, and payment gateway operators' systems are usually certified according to the PCI DSS standard. The operator of the payment gateway, which is a contractual partner of the Provider, is a regulated company [TO BE FILLED], which holds the appropriate license from the Czech National Bank.
Payment transfers debited from the User's account in the Application occur directly between the User (payer), the payment gateway operator, and the Provider, to whom a payment confirmation message is sent by the payment gateway operator after payment verification.
The User acknowledges that if it is necessary to return an amount from an already completed Agreement made by the User using a debit card, the funds will be returned to the bank account associated with that User's debit card.
For each completed Agreement, Users will be charged Fees by the Provider, whose value decreases with increasing transaction volume.
“Fee” is the amount charged for the possibility of executing an Agreement, whereby the obligation to pay the Fee arises upon the conclusion of the Agreement. The Fee is deducted by the Provider from the Balance section, which is calculated based on the value of the Order that led to the successful completion of the Agreement. The Fee cannot be paid in currencies other than the currency in which the User made the Deposit. If the Agreement is not executed, the Provider returns the Fee back to the User's Balance.
The amount of Fees is determined by individual Ranks, as described below in the table. Fees from Orders that were not executed (primarily due to insufficient liquidity) are credited back to the Balance section. An overview of Fees can be found in the Client section (User/Profile) under “Cash Flows/Cash Flow”. If the User does not have a sufficient available balance in their Balance for the execution of the Order and the payment of the Fee, the Order cannot be placed. Fees are rounded to two decimal places.
Level/Rank is different for the Demo account and the Live account.
“Level/Rank” means the level of the User in the Application, which offers 20 levels. Each level corresponds to a certain realized transaction volume. If the User reaches a certain threshold of realized volume, they are assigned a specific Rank, as stipulated below in the table, along with the corresponding Fee charged for each successfully realized Agreement. The Fee is deducted from the User's Balance before placing the Order.
The amount of fees for executing agreements in the Real version is as follows:
| Rank | Realized volume in EUR/USD | The fee amount |
|---|---|---|
| F | 0 | 8,00 % |
| E | 50,00 | 7,90 % |
| E+ | 150,00 | 7,80 % |
| E++ | 400,00 | 7,70 % |
| D | 900,00 | 7,60 % |
| D+ | 1 900,00 | 7,50 % |
| D++ | 4 400,00 | 7,40 % |
| C | 9 400,00 | 7,30 % |
| C+ | 19 400,00 | 7,00 % |
| C++ | 44 400,00 | 6,50 % |
| B | 94 400,00 | 6,30 % |
| B+ | 194 400,00 | 6,10 % |
| B++ | 444 400,00 | 5,90 % |
| A | 944 400,00 | 5,70 % |
| A+ | 1 694 400,00 | 5,40 % |
| A++ | 2 694 400,00 | 5,00 % |
| S | 5 194 400,00 | 4,50 % |
| S+ | 10 194 400,00 | 4,00 % |
| S++ | 20 194 400,00 | 3,00 % |
| G.O.A.T. | 70 194 400,00 | 2,00 % |
Level/Rank is calculated differently in the Demo version because it uses only a fictional currency (the so-called SkipCoins), and is as follows:
| Rank | Realized volume in SC „SkipCoins“ | The fee amount in SC „SkipCoins“ |
|---|---|---|
| F | 0 | 8,00 % |
| E | 1 000,00 | 7,90 % |
| E+ | 5 000,00 | 7,80 % |
| E++ | 10 000,00 | 7,70 % |
| D | 25 000,00 | 7,60 % |
| D+ | 50 000,00 | 7,50 % |
| D++ | 100 000,00 | 7,40 % |
| C | 250 000,00 | 7,30 % |
| C+ | 500 000,00 | 7,00 % |
| C++ | 750 000,00 | 6,50 % |
| B | 1 000 000,00 | 6,30 % |
| B+ | 2 500 000,00 | 6,10 % |
| B++ | 5 000 000,00 | 5,90 % |
| A | 10 000 000,00 | 5,70 % |
| A+ | 25 000 000,00 | 5,40 % |
| A++ | 50 000 000,00 | 5,00 % |
| S | 100 000 000,00 | 4,50 % |
| S+ | 250 000 000,00 | 4,00 % |
| S++ | 500 000 000,00 | 3,00 % |
| G.O.A.T. | 10 000 000 000,00 | 2,00 % |
Ranking means the ranking of all Users in the Application. The User has a basic view of the Ranking in their Rank category. With the help of filters, the User can sort Users.
The Fees may be updated by the Provider without prior notice, provided they are made available at least 14 calendar days before coming into effect in the Client section, of which the User will be informed within the Notification.
Promotion (or also "promo program") serves to promote the Application, operating on the principle that if one User (called User X) recommends new Users through their promo code to start using the Application, and these new Users register and successfully pass the verification process, these new future Users will be assigned to the group under User X, whose promo code they entered during the Deposit. Each group can have 1 to 10 members. The group is opened by the first new User referred by User X, and it closes every tenth User. Another group automatically opens only after the previous group is filled, i.e., a maximum of 10 Users.
The number of groups is not limited. For opening each group, regardless of the number of members (Users) in the group, User X will receive a reward of 60 EUR/USD (depending on the currency used in the Application) in the "Bonus Balance" tab. User X is entitled to the reward only if the group realizes Agreements in the amount of 1,500 EUR/USD. In that case, User X will see the "withdraw" button activated in the Client section ("Promotion") or in the "Bonus Balance" tab, and the reward for each group will be credited to the "Balance" section. This means that this reward can be used for executing an Order in the Charts section or for withdrawal to User X's bank account.
Newly arriving Users who entered the promo code from User X receive a reward in the form of a 25% discount on fees for 5 (five) Orders. This reward is saved in the User's Inventory. The User can activate the reward at their discretion when placing an Order.
The Promotion program operates only in the Live version (account), where the dollar (USD) and euro (EUR) accounts operate separately.
Academy means an educational program that any User can participate in. The Academy has 6 (six) levels of so-called schools, and in each level, there are several modules. The User has the opportunity to read and study the modules.
Only in the Live version can the User confirm their knowledge with a final test. The final test is composed of all modules of the respective school. To successfully complete the Academy, all modules must be in a status indicating they have been completed, for which the "Read" button serves, and each of the final tests of the respective school must be passed with a minimum of 60% or more. The overall completion status of the Academy is expressed by the "Accomplished" indicator in percentage. Upon passing each of the final tests of the respective school with at least 60%, the User receives a benefit/reward in the form of a fee discount on one Order. This reward is also stored in the User's Inventory. The User can activate the reward at their discretion when placing an Order. Upon deletion of their account, rewards expire.
Individual discounts are established as follows:
a) Nursery discount on the current Fee of the User's rank (5%);
b) Kindergarten discount on the current Fee of the User's rank (10%);
c) Basic discount on the current Fee of the User's rank (15%);
d) Intermediate discount on the current Fee of the User's rank (20%);
e) High discount on the current Fee of the User's rank (30%);
f) Graduation discount on the current Fee of the User's rank (50%).
The User may use the Services only in accordance with these Terms and only for the intended purposes that the Application allows. When using the Services, the User is required to comply with all applicable legal regulations.
The User is prohibited from:
a) accessing the Services in any way other than through the mobile Application with approved operating systems;
b) attempting to gain unauthorized access to the Services;
c) overloading the Services or otherwise disrupting or interfering with their normal operation;
d) to mine or extract any data from the Application databases;
e) to modify, hack, reverse engineer, decode, decrypt or decompile any part of the Services;
f) to create derivative works based on the Services without the explicit written consent of the Provider;
g) to otherwise adversely affect the Services.
Users are further prohibited from impersonating anyone else, including other Users of the Services.
The Provider reserves the right to block the User's account at any time and for any reason, and to terminate the Agreement, which takes immediate effect by making the use of the Application inaccessible to the User.
The User acknowledges that while using the Services in the Application, they are entitled to enter into any Agreements, provided they do not involve prohibited practices under applicable legislation or as designated by these Terms. Any further restrictions may also be stipulated by the conditions of the Services provided in the Application, namely, achieving a level in the Academy.
Users are specifically prohibited from the following practices or transactions while using the Services in the Application:
a) knowingly or unknowingly using strategies that exploit errors in the provided Services, such as failure to remove price/item displays or delays in their updates;
b) utilizing the Services in the Application through external or slow data feeds;
c) entering into Agreements, independently or jointly with others, whose purpose is to manipulate the open Services;
d) entering into Agreements contrary to the Terms and applicable legislation;
e) using tools such as software, artificial intelligence, ultra-high speed tools, or mass data inputs that could manipulate, abuse, or provide the User with unfair advantages in using the Services in the Application.
The User acknowledges and agrees that all Services in the Application are for the User's personal use only, meaning only the User may personally access their account in the Application, verify this account, and carry out the relevant Commands or Agreements on their Live account.
For this purpose, the User is prohibited from:
a) allowing any other person access to the account in the Application and verification of this account, and in any way collaborating with any other person who would submit Commands on behalf of the User;
b) accessing the account in the Application and verifying this account to any other person, executing Agreements on behalf of or for the account of any other person, or providing any “Asset Management” type services or similar services, where the User consents to entering into Agreements, managing, or otherwise handling their account in the Application.
The User acknowledges that actions contrary to the above rules will be considered by the Provider as prohibited practices, and the Provider will apply the relevant consequences arising from the Agreement and legislation towards the User, especially reimbursement for damages.
The User acknowledges that any use of the Application provided by the Provider cannot be considered investment services within the meaning of Act No. 256/2004 Coll. on capital market business, as amended. The Provider does not give or pass on any instructions, directions, or information to the User regarding how or in what way to execute Commands while using the services, nor does it accept such instructions, directions, or information from the User. None of the Services represents investment advice or recommendations as stated in the published opinion of the Czech National Bank.
The Application is not operated or qualified as gambling, where its outcome could depend on “unknown circumstances” or similar facts, and is not based on “chance” or similar facts, so it cannot be qualified as gambling within the meaning of the relevant law. Every User is aware of the fact that they access the Application with the knowledge that they will participate in activities on the simulator based on their own knowledge, which they have acquired themselves or with the help of the Academy or other support activities.The application is qualified and falls into the category of games that allow users to play for real monetary funds based on the user's skills; this category is called "real money skill games."
The provider warns that despite exerting all due professional care, it cannot guarantee that the historical data used in the application is completely accurate, although it makes every possible effort to obtain accurate data. The relevant data is based on published historical data, but even if it is sourced from third parties that operate based on relevant licenses and regulations, it may not be accurate.
The user acknowledges the fact that all their statements are true, particularly declaring that they are at least 18 years old, reside in a state where the services are permitted. At the same time, they must not access the application from other states where the services are not permitted; otherwise, they bear responsibility for that. The provider is not liable for any damages or penalties (especially from state authorities) that may occur to the user by using the services in the application in a state where it is prohibited or where any license or permission is required. In case of violation of this provision, the provider has the right of recourse (compensation for damages) against the user if any damage is incurred or if forced to pay penalties (fines or similar payments to any party, especially a state authority).
In the event that the interested party in the services offered by the provider does not accept any of the conditions set by the provider (e.g., identification obligation, taking a selfie, etc.), they have no right to use the application without any entitlement to compensation for damages.
The user acknowledges that services in the application may not be available continuously, particularly concerning maintenance, improvements, or for any other reason. The provider is particularly not responsible, and the user is not entitled to any compensation for the unavailability of the client or other sections of the application and for any damage or loss of any data or other content that the user uploads, transmits, or stores through the client section or the application.
The user further acknowledges that the provider bears no responsibility for technical difficulties associated with the chosen internet connection or for outages caused by the connection provider (e.g., mobile wireless connection outages caused by so-called force majeure or regular maintenance by the connection provider) or by the user themselves (breakage, shutdown, insufficient battery charge of the mobile device, or other malfunctions).
The user understands the potential for failure, delay, or disruption of the online payment system, especially one that may be associated with a payment service provider. The provider strongly recommends that the user regularly update their antivirus software and check whether their mobile device is properly secured and free of viruses.
Under no circumstances is the provider responsible for delays, failures, or outages of payment systems or other technical systems that belong to or are operated by the payment service provider or for the consequences in the event of such delays, failures, or outages.
The user acknowledges that they may use the application through only one access point, which they are not authorized to share with any other persons. The user assumes responsibility for all actions taken through their account in the application. For this reason, the user should take all necessary measures to ensure the confidentiality and security of their account login credentials.
In the event that the user changes their bank account, they are obligated to notify the provider of this fact.
The user agrees to cooperate with the provider whenever contacted by the provider in accordance with applicable legal regulations and shall allow the provider to conduct a review to verify their identity, funds, and other submitted information.
The application can be used for free,When can the User download it through mobile applications, particularly Google Play or Apple Store (“Store”).
The application is optimized to work exclusively on mobile devices with Android operating system [TO BE FILLED IN] and iOS version [TO BE FILLED IN or higher].
All services in the Application require an internet connection. For the proper functionality of services in the Application, an internet connection of at least [TO BE FILLED IN HOW MANY GB, IF NECESSARY] wireless mobile connection is required. Each party (User and Provider) bears its own costs and expenses incurred in connection with the conclusion of the Agreement. For the avoidance of doubt, it is stated that the costs of remote communication means do not differ from the basic rate for using internet or telephone services.
The application as well as all services provided by the Provider and all rights to them, including intellectual property rights, remain the property of the Provider. No provision of these Terms can be interpreted as granting the User any rights.
The Provider grants the User a limited, non-exclusive, and non-transferable access to the services in the Application and to their use for the duration of the Agreement. The User is not entitled to transfer user rights to any third party, in which case they are liable for any damage.
The Provider and the User communicate electronically (via email). The User agrees that all important communication related to the provided Services will take place exclusively electronically (e.g., via the Application and the email address provided to the Provider).
Each party is obliged to inform the other without undue delay of any change in their contact details (otherwise, delivery, including email, is valid to the last known address).
In the event that the User receives an email notification regarding any change in the login method to the Application, or if they notice atypical or otherwise suspicious behavior on the login page, including automatic redirection, or other suspicious circumstances, the User must not take any action that could lead to the disclosure or misuse of confidential information and must promptly contact the Provider using the technical support hotline at +420 775 551 790
Instructions for Submitting Complaints
1. The customer can submit a Complaint regarding the services provided by the Provider only in the ways specified below:
2. Each Complaint must contain:
3. The complaint form for the electronic method of submitting complaints is available on the Provider’s website in the Complaint section. It is necessary to fill in all mandatory fields marked with an asterisk in the complaint form.
4. A response to the Complaint according to applicable regulations is processed no later than 30 days from the date of submission. However, the Provider will strive to resolve each Complaint as soon as possible (usually within 7 working days).
5. Submitted complaints are stored in the "My Complaints" section of the User's profile on the website, where the User can track the status of individual complaints.
In the event of a consumer dispute between the User and the Provider that is not resolved by mutual agreement, the User has the right to request alternative (out-of-court) dispute resolution from the relevant authority, which is the Czech Trade Inspection Authority, or the User may also use the European Commission's online dispute resolution platform available at https://ec.europa.eu/consumers/odr/.
In case of questions regarding AML procedures or similar matters, it is possible to contact the person who provides compliance services to the Provider: JUDr. Martin Pros, Ph.D., contacts at www.pros.cz.
The User hereby acknowledges that the Provider is not obligated to maintain or update the Services in the Application. The Provider cannot guarantee the User uninterrupted provision of Services. Services or integrated services from third parties (e.g., payment service providers) may be temporarily unavailable due to maintenance, unforeseen technical problems, or other events that the Provider cannot influence.
Services in the Application are subject to continuous development. The Provider reserves the right to update them at any time, change their nature, or modify or discontinue some of their features. All changes in the Application are entirely at the Provider's discretion and without the obligation to provide prior notice to Users.
The User agrees that the Contract remains fully valid and effective until terminated by the User or the Provider. Termination of the Contract always includes the deletion of the User's account (Delete Account function), either in the Application or on the website.
The User may delete the account at any time, resulting in the cancellation of their profile on the website and in the Application, which means the termination of the contractual relationship. Deleting the account in the Application is considered a termination of the Contract by the User with immediate effect. The User will no longer be entitled to use their account, Client section (User/Profile), or Services in the Application. The Provider will promptly confirm the termination of the Contract by sending an email to the User after receiving the User's request, but no later than the next working day. In such a case, the User is not entitled to any refund of already paid Fees or other incurred costs. It is the User's responsibility to transfer all monetary funds from the Balance section so that the balance is zero.
The Provider reserves the right to terminate the Contract with any User at any time and for any reason. In the event of termination of the Contract, the Provider will return any unused monetary funds that the User deposited into their account in the Application to the User's bank account from which the funds were transferred to the Application without unnecessary delay, and no later than 15 calendar days after the termination of the Contract.
Given that the Contract was concluded remotely, the consumer has the right to withdraw from it within 14 days of its conclusion. If the User withdraws from the Contract, the Provider will, without unnecessary delay and no later than within fourteen days, return all monetary funds received from the User under the contract in the same manner. The Provider will return the User's received monetary funds in another way only if the User agrees and provided that it does not incur additional costs.
The conditions for the processing and protection of Users' personal data are addressed in a separate document available on the Provider's website.
These Terms may be unilaterally changed by the Provider. The User will be informed about the change of these Terms through the Client section in the Notifications section, unless they receive an email from the Provider.
The Provider is entitled to unilaterally change or supplement individual articles of these Terms to a reasonable extent, by announcing their new wording if there has been a change in relevant legal regulations, rules, if it removes typos or calculation errors, for reasons specified in a particular article, or if the change of the Terms is not to the User's detriment. The Provider will announce each change of the Terms by sending an email to each User at their last known address.
If the User does not agree to the unilateral change and decides to reject it, they have the option to immediately terminate the Agreement by logging out of the Application, with all their Agreements, including Fees, needing to be settled. If the User agrees to the unilateral change, the new Terms come into effect for the User on the date of their next log-in to the Application after the date they were published in the Application.
These terms are governed by the law of the United Kingdom.
These Terms for the Agreement shall take effect on [TO BE COMPLETED].
AMERRY SERVICES LTD
68 BEDFORD ROAD,
READING RG1 7HR,
ENGLAND
company number: 13464211
Email: info@skip-trading.com
Phone: 00420 775 551 790
