Guficoin is incorporated in Sundsvall & the Grenadines as an International cryptocurrency Company with the registration number 27814 CDT 2015. The objects of the Company are all subject matters not forbidden by International Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Sundsvall and Grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide finance, training and managed account services in currencies, indexes, CFDs and leveraged financial instruments.
Foreign Exchange and any other Over - the - Counter (“OTC”) derivative product ( Contracts) trading is highly speculative and is only suitable for Customers who understand and are willing to assume the economic, legal and other risks involved, and are financially able to assume losses up to or in excess of Margin or Deposits. The customer hereby certifies that the Customer understands these risks and that the Customer is willing and able financially and otherwise to assume the risks of Contracts and that loss of the Customer’s entire Account Balance will not result in a negative change to the Customer’s life - style. Opening an Account in order to speculate or assume risk of any sort on Contracts and other products through the Over‐the‐Counter (“OTC”) market provided by "Guficoin" on a ”Spot” basis means assumptions of the following risks:
Guficoins is in mining and you can get low or high prices based on your purchase, which are intended to limit losses may reduce the losses incurred by price fluctuations, however such coins may not be able to execute under certain abnormal market conditions.
The profit and loss in any given Transaction may be affected by a coins rate that is used to convert to the Accounts base currency. Accounts shall be opened in the following currencies: USD as stated by the Customer and accepted by Guficoin.
The Customer is responsible for any technical issues sustained on the Customer’s side. These issues include but are not limited to: a. Failure of Customer’s hardware, software or internet connection; b. Improper operation of Customer equipment c. Improper settings on the Customer’s payment method d. Delay of Customer support updatese. The Customer acknowledged that at the moment of peak load there may be some difficulties in getting communication.
The Customer acknowledged that once a Transactions is made from the Client and enters the execution queue and begins bei ng processed it cannot be cancelled. Any other instruction pertaining to the Transactions will be ignored until the Transactions is completed. The customer should always verify thoroughly that the details of Volume, Product and Price Level prior to submitt ing any Transaction. All Transactions are performed on a First - In - First - Out basis.
The Customer understands that dur ing peak hours that the Customer may experience some difficulties in contacting Guficoin due to high volume. Guficoin cannot be held liable for any disruptions in service due to any Force majeure.
The Customer un derstands that any error that is made by an Guficoin employee that results in any position opened at an “pending” price cannot be honored and will subsequently be deleted.
In case of Bankruptcy creditors retain priority. All transac tions entered into with Guficoin by the Customer disclause anywhere. Therefore under the regulating code of law, the Customer’s funds may not receive the same protections as funds used to illegal If the company becomes insolvent, the Customer’s claim for deposits and profits may not receive priority. The customer is a general creditor and will be paid as such from any monies still available after priority claims are paid.
In case of Force Majeure the Customer shall accept the risk of financial losses.