STOCKAL STACKS TERMS OF SERVICE

UPDATED 14/08/2020

 

THE STOCKAL STACKS TERMS OF SERVICE PERTAINING TO STACKS ARE SUPPLEMENTARY TO THE USER AGREEMENT AND STOCKAL’S GENERAL TERMS OF SERVICE, YOU ARE ADVISED TO READ THIS IN CONJUNCTION WITH THE USER AGREEMENT AND THE TERMS OF SERVICE

 

These Terms and Conditions (the ‘Stacks Terms of Service’) in conjunction with the User Agreement and Terms of Service are a binding contract between You and Stockal. If You have any questions, comments, or concerns regarding these terms or the Services, please contact us at customersuccess@stockal.com. For the purposes of this Stockal Stacks Terms of Service: 

  1. ‘Stockal’ shall mean Stockal Inc.  which is incorporated under the laws of the United States and having its office at 25, Broadway, New York, NY – 10004, United State of America and its Affiliates;
  2. ‘AUM’ shall mean Assets Under Management;
  3. ‘Stacks Portfolio’ shall mean the basket of securities that You have subscribed to. 

 

By using the services provided through this website or application, You shall be deemed to have accepted the Terms and Conditions herein including the amended terms and conditions published from time to time. 

 

  1. You are aware and You accept that all information, content, materials, products on the application is protected and secured.

  2. Except for Your own personal and non-commercial use, You agree that You shall not copy, reproduce, sell, redistribute, publish, enter into a database, display, perform, modify, transmit, license, create derivatives from, transfer or in any way exploit any part of any information, content, materials, services available from or through the application.

  3. You agree that You will not use the application for any purpose that is unlawful or prohibited by these Terms. You also agree You will not use the application in any manner that could damage, disable or impair the application or interfere with any other party’s use, legal rights, or enjoyment of the application.

  4. You acknowledge that the software and hardware underlying the application as well as other Internet related software which are required for accessing the application are the legal property of either Stockal or its respective third-party vendors. The permission given by Stockal to access the application will not convey any proprietary or ownership rights in the above software/hardware. You agree that You shall not attempt to modify, translate, disassemble, decompile or reverse engineer the software/hardware underlying the application or create any derivative product based on such software/hardware.

  5. You understand and accept that not all the products and services offered on this application are available in all geographic areas and You may not be eligible for all the products or services offered by Stockal on the application. Stockal reserves the right to determine the availability and eligibility for any product or service offered on the application.

  6. You understand and accept that Stockal is not responsible for the availability of content or other services on third party sites linked from the application. You are aware that access of hyperlinks to other internet sites are at Your own risk and the content, accuracy, opinions expressed, and other links provided by these sites are not verified, monitored or endorsed by Stockal in any way. Stockal does not make any warranties and expressly disclaims all warranties express or implied, including without limitation, those of merchantability and fitness for a particular purpose, title or non-infringement with respect to any information or services or products that are available or advertised or sold through these third-party platforms.

  7. If performance is prevented, hindered or delayed by a Force Majeure event (as defined below), Stockal shall not be liable for any failure to perform any of its obligations under these terms and conditions or those applicable specifically to its services/facilities, and in such case its obligations shall be suspended for so long as the Force Majeure event continues. “Force Majeure Event” means any event, due to any cause beyond the reasonable control of Stockal, including without limitations, unavailability of any communication systems, breach, or virus in the digital processes or payment or delivery mechanism, sabotage, fire, flood, explosion, acts of God, civil commotion, strikes or industrial action of any kind, riots, insurrection, war, acts of government, computer hacking, unauthorised access to computer data and storage devices, computer crashes, malfunctioning in the computer terminal or the systems getting affected by any malicious, destructive or corrupting code or program, mechanical or technical errors/failures or power shut down, faults or failures in telecommunication etc.

  8. The Service is subject to the inherent risks of online trading including those relating to system response and access times that may be affected by various factors, including but not limited to market conditions and system performance. You should understand such risks before accessing the Licensed Service and trading.

  9.  Additionally, by using the application or services of Stockal You confirm and agree that:

    a) You are 18 years of age or older and where You are acting as Guardian on behalf of a minor, You have the necessary authority to register/sign up for the services on behalf of the minor. If Stockal learns that we have collected personal information from a person under age 18, we will delete that information as quickly as possible. If You believe that a person under 18 may have provided us with personal information, please contact us at privacy@stockal.com.

    b) You have read and understood the Privacy Policy published on the website and mobile applications of Stockal. The information You provide when You register on the application is true and correct. In the event, Your information is not accessible online and You wish to change or delete Your personal information or other information that You may have provided, please contact us immediately at support@stockal.com or privacy@stockal.com.

    c) Stockal may contact You by phone and/or E-mail and/or SMS or any other form of electronic communication in connection with Your registration and transactions. You can always opt to stop receiving any or all such communications by writing to support@stockal.com. You can also delete Your account at any point of time by writing to support@stockal.com.

    d) You understand that the investments are subject to market risks and You can lose up to 100% of Your investments. You understand that for market investments an ideal holding period is more than 5 years but at least 3 years. You also have adequate insurance cover.

    e) You take complete responsibility and liability of Your investments and Your investment decision is not influenced by any promise of returns whatsoever.

    f) You shall at all times keep adequate liquidity in Your operative account.

    g) You confirm that You have taken in to account all Your investments across all asset classes while deciding upon investing in Services. You also reconfirm that after allocating money to these strategies, You continue to adhere to the asset allocation plan as per Your risk profile.

    h) Stockal reserves the right at its sole determination to change Your Stack Portfolio which may result in additions, removals, modifications to Your Stack Portfolio.

    i) The Percentage of profit and loss in Your Stacks Portfolio are calculated on the net amount invested after AUM fees are deducted.

    j) Upon You placing a buy or sell of Your Stack Portfolio, it will not be cancelled once placed.

  10. Limitation of Liability, Indemnity, and Warranty. In no event shall Stockal or its affiliates be liable to You for any loss or damage that may cause or arise from or in relation to these terms and conditions or due to use of this application or due to investments made using this application. You agree to indemnify Stockal and its affiliates, its directors and employees for all the liabilities (including claims, damages, suits or legal expenses in defending itself in relation to the foregoing) arising due to non-performance and/or non-observance of the duties and obligations under these terms and conditions or due to Your acts or omissions. You warrant that all the details and information provided by You to Stockal while using this application (including for the purposes of carrying out investments) shall be correct, accurate and genuine. Further, You shall be solely responsible for any investment decision taken by You on the Services and Stockal shall not be liable for any loss or damage caused to You or other users of this application due to such investment decision, or any kind of reliance upon it.
  11. Fees.

    a) AUM fees may be calculated on a periodic basis which shall be accordingly intimated

    b) AUM fees will be deducted from Amount Invested by You and allocated in Your Stack Portfolio.

    c) The subscription fees may include asset management fees and charges, which will be collected by Stockal.

    d) In addition subscription fees, You may incur from time to time, brokerage fees related to the number of times trades are placed by You and/or the number of units of securities purchased and/or the total amount of assets being traded. Such fees will be collected by Stockal.

    e) You shall be solely responsible for Your Account and assume financial responsibility with respect to all transactions in Your Account, Your investment decisions, payments for the Service, Fees and Securities and Other Assets purchased. You shall be responsible for all debits, costs, commissions and losses arising from any actions Stockal, its Agent(s) and Partner(s) must take to liquidate or close transactions in Your Account, or from Your failure to make timely good delivery of Securities.

    f) All fees are excluding taxes and levies. Service tax and other taxes and levies are charged in addition to the above charges as per the actuals.

  12. Termination. Stockal may terminate this Agreement if You fail to comply with any term of this Agreement or Terms of Service or User Agreement or have not paid any fees that are due and payable to Stockal or partners or upon the occurrence of You being unable to pay Your debts or are insolvent or deemed to be insolvent or if a receiver is appointed in respect of any of Your assets. In the event of termination, You must not attempt to access or make any copies of the Licensed Service.

  13. Disclaimer

    a) Stockal does not advise nor act as an agent or broker for the investment opportunities. You understand and acknowledge that Stockal provides no tax, legal, or investment advice of any kind, nor does Stockal give advice or offer opinions with respect to the nature, potential value, or suitability of any securities transaction or investment strategy in Your Account. You will not hold, nor seek to hold, Stockal or any of its officers, directors, employees, agents, subsidiaries or Affiliates liable for any trading or other investment losses incurred in Your Account.

    b) You agree and understand that Stockal, its affiliates, and their respective directors, employees, agents and advisors may have investments in various Securities from time to time, and, such conflicts of interest would be inherent when making investment in such Securities. It is intended for such conflicts to be managed primarily by complying with the laws applicable in the jurisdiction in which the aforementioned persons are investing, and also, complying with the laws of the countries in which You and Stockal are incorporated.