Welcome to Introvurt, the best first fully electronic, retail-focused financial trading platform that employs artificial intelligence to trade real investor capital.
Before You can become a Member and trade on Introvurt, You must read and accept this Membership Agreement, including all documents incorporated by reference.
Access Materials: The unique Username and Password chosen by You to enable You to access Your Introvurt Account.
Account: This term refers to the relationship between You and Introvurt established to provide You with access to trade on Introvurt as well as to deposit funds and engage in other financial transactions associated with said relationship. The Account is in the name of the approved Member, whether it be a natural person or entity.
Affiliates: This includes all of Introvurt’s Officers, Directors, Agents, Subsidiaries, Joint Ventures and Employees.
Introvurt System: This is the entire Introvurt System which gives authorized Members access to the Introvurt electronic trading system for trading certain derivative instruments under the terms and conditions stated in this Membership Agreement and in the Introvurt Rules. This term includes the Introvurt website and any services offered by Introvurt, Inc. and its third party service providers.
Member: An individual or entity which has been approved as a Trading Member by Introvurt to trade on Introvurt and is bound by this Membership Agreement and subsequent amendments hereto.
Membership Application: The on-line or paper form by which an applicant provides his/her/its personal information, including, but not limited to, social security number/ national identification number, name, address, date of birth, principal occupation, U.S. bank account information (if applicant is an entity),email address, and any subsequent updates or changes to said personal
information. The Membership Application also includes all of the terms and conditions incorporated into this Membership Agreement.
You, Your: These terms refer to the individual or entity who is the Member or applicant for membership on Introvurt. For entities applying for membership, each authorized representative trading on behalf of said entity is also incorporated into the definition of these terms.
Other capitalized terms are defined in the text below.
In consideration of Introvurt, Inc. providing a market to enable You to trade for Your own Account, You hereby agree as follows:
MEMBER ACKNOWLEDGEMENTS AND AUTHORIZATIONS
(a) You authorize Introvurt to take whatever actions are necessary to execute, clear, and settle orders entered into the Introvurt System for Your Account.You authorize Introvurt to rely upon any instruction received through use of Your Access Materials without further inquiry, and Introvurt shall not be liable to You even if such orders were not authorized by You. You accept full responsibility for monitoring Your Account to ensure that trades have been executed correctly and to ensure that no unauthorized trading is occurring in Your Account. Introvurt is not responsible for any Member errors or negligent use of the Introvurt System and will not cover losses relating to such improper or negligent use. You may not give control over Your account to any other person or entity and You may not control the account of any other Member. You shall maintain the confidentiality of Your Access Materials and prevent the unauthorized use of Your Access Materials at all times. If You become aware of any deliberate or inadvertent disclosure, loss, theft or unauthorized use of Your Access Materials, You must notify Introvurt immediately and request a new password. You may not access or attempt to access the Introvurt System using the Access Materials of any other Member, or permit any other person or entity to access or attempt to access the Introvurt System using Your Access Materials. Any and all materials that Introvurt provides to You in connection with the Introvurt System are the property of Introvurt and are intended for Your sole and individual use.
(b) You agree that any amounts owed to You by Introvurt will be deemed to have been paid when deposited by any form of electronic payment or wire transfer into the bank account on file with Your Account.
(c) You agree that all communications with Introvurt, including keystrokes entered by You on the Introvurt System and any telephone calls between You and Introvurt may be recorded without further notice, and such recordings may be provided to regulatory authorities (in conformance with applicable laws and regulations) and used as evidence in the event of any dispute. Such recordings will be and remain the sole property of Introvurt and will, in the absence of manifest error, be accepted by You as evidence of the communications so recorded. The period of retention of such recordings shall be at the sole discretion of Introvurt, which will act in conformity with applicable laws and regulations.
(d) You acknowledge that any amounts owed to Introvurt that remain unpaid in excess of 30 days may be submitted to a third party collection agency. Introvurt reserves the right to pursue any and all allowable legal action, whether criminal or civil, against You to recover losses incurred as a result of fraud or misconduct, including attorney fees and other legal expenses, and any other remedies permitted by law.
(e) You acknowledge and agree that Introvurt does not and will not provide You with any legal, tax, estate planning or accounting advice or advice regarding the suitability, profitability or appropriateness for You of any investment, financial products, investment strategy or other matter. Specifically, You acknowledge and agree that Introvurt has not undertaken and will not
undertake an independent evaluation of whether derivatives trading or each transaction entered into by You is appropriate for You. You are solely responsible for all determinations in this regard.
(f) You acknowledge that any information provided by Introvurt will not be used or considered by You as a recommendation, an offer or a solicitation of an offer, to buy, sell or hold a particular investment or pursue any investment strategy.
(g) You acknowledge that Introvurt neither assumes responsibility for nor guarantees the accuracy, completeness or usefulness of information, commentary, recommendations, advice, investment ideas or other materials that may be accessed by You through the Introvurt System. This includes, but is not limited to, bulletin boards, website links, quotes, message boards,
chat services or other online conference or telecast by third-party providers through the Introvurt System. If You rely on such information, You do so solely at Your own risk.
(h) You acknowledge and agree that You will, following a request by Introvurt,promptly provide to Introvurt financial or other information as Introvurt may reasonably request or as may be required for Introvurt to respond to a request for information from the Commodity Futures Trading Commission (“CFTC”) or other regulatory or judicial bodies.
(i) You acknowledge and agree that all activity on the Introvurt System and all services performed by Introvurt, including but not limited to any clearing service, takes place in Globally and therefore are subject to the jurisdiction of your local law.
(j) Before clicking “I Accept”, You will have read and understood all Introvurt Rules.
(m) Before clicking “I Accept”, You will have read and understood Introvurt’s Risk Disclosure Statement. The Risk Disclosure Statement can be found here.
(n) You acknowledge and agree that once you have completed the online Membership Application, click “I accept” to all of the documentation contained therein, you will have electronically signed the entire Membership Application and are legally bound by all of the terms and conditions contained therein.
FEES AND OTHER CHARGES
You agree to pay, and authorize Introvurt to withdraw from Your Account:
(a) any fees or charges associated with any transactions executed on the Introvurt System for Your Account at such rate as is posted on Introvurt’s website or as incorporated into the Introvurt Rules at the time the transaction is executed;
(b) any costs or expenses incurred by Introvurt in connection with Your Account, including, but not limited to, any non-sufficient funds charges or charges imposed by Introvurt’s settlement bank;
(c) any other charges agreed upon between You and Introvurt.
Introvurt INVESTMENT OF MEMBER’S FUNDS
Except as prohibited by the regulations of the CFTC, all cash and other property in Your Account or otherwise held by Introvurt on Your behalf may,from time to time, without notice to You, be co-mingled with the property of other Members or be invested by Introvurt, separately or with any other property, consistent with Commission Regulation 1.25.
THE Introvurt ELECTRONIC TRADING SYSTEM
(a) Introvurt is making available to You access to the Introvurt System for trading certain derivative instruments under the terms and conditions stated in this Membership Agreement and in the Introvurt Rules.
(b) You understand that the Introvurt System may be accessed only electronically.
(c) No Liability. You understand that while electronic access generally is dependable, technical problems or other conditions may delay or prevent You from accessing Your Account or entering or canceling an order on the Introvurt System, or may delay or prevent an order transmitted to the Introvurt System from being executed.
Introvurt, ITS AFFILIATES, AND ITS SOFTWARE, HARDWARE, AND SERVICE PROVIDERS SHALL NOT BE LIABLE TO YOU FOR, AND YOU AGREE NOT TO HOLD OR SEEK TO HOLD ANY OF THEM LIABLE FOR, ANY TECHNICAL PROBLEMS; Introvurt SYSTEM FAILURES OR MALFUNCTIONS; Introvurt SYSTEM ACCESS OR CAPACITY PROBLEMS; HIGH INTERNET TRAFFIC; INTERRUPTIONS DUE TO SCHEDULED OR UNSCHEDULED MAINTENANCE, UPGRADING OR REPAIRS; SECURITY BREACHES OR UNAUTHORIZED ACCESS BEYOND THE REASONABLE CONTROL OF Introvurt; ANY FORCE MAJEURE EVENT; AND OTHER SIMILAR PROBLEMS AND DEFECTS.
NOTHING IN THIS SECTION IS INTENDED TO LIMIT THE LIABILITY OF ANY PERSON AS MAY BE PROVIDED IN THE COMMODITY EXCHANGE ACT, THE REGULATIONS OF THE CFTC, OR ARISING FROM ACTS OF WILLFUL OR WANTON MISCONDUCT.
(d) Some of the information available on the Introvurt System is produced by Introvurt, and some is provided by various independent sources believed by Introvurt to be reliable (“Information Providers”). You acknowledge that the accuracy, completeness, timeliness, and correct sequencing of the information concerning Your trading and Account activity, the quotes,
market and trading news, charts, trading analysis and strategies, and other information that may be provided from time to time, (collectively referred to as the “Information”) is the property of Introvurt and/or the Information Providers or others and may be protected by copyright. You agree not to reproduce, retransmit, disseminate, sell or distribute the Information in any manner without the express written consent of Introvurt and the relevant Information Provider(s) and not to use the Information for any unlawful purpose. Although Introvurt believes the Information provided by the Information Providers through the Introvurt System is complete and correct, the accuracy of the Information cannot be guaranteed and any reliance by You on such information is done solely at Your own risk.
(e) You shall be responsible for providing and maintaining the means by which You will access the Introvurt System, which may include a personal computer, modem and telephone or other access line. You are responsible for all access and service fees necessary for You to connect to the Introvurt System and You are responsible for all charges incurred by You in accessing the Introvurt System.
ELECTRONIC COMMUNICATION WITH MEMBERS
Communications between You and Introvurt via electronic mail (“email”) shall be to the email address registered with Your Account. In addition, Introvurt may communicate with You by posting information on the Introvurt website. You consent to receive all communications from Introvurt by email or through the Introvurt website, including confirmations, amendments to this Membership Agreement, amendments to the Introvurt Rules and policies, notices, and any correspondence relating to Your Introvurt Account or membership and You agree to be bound by all communications contained therein.
You shall be deemed to have received any such communications sent to Your current email address and/or posted on the Introvurt website under the “Introvurt Notice” section of the website. It is your responsibility to check the “Introvurt Notice” section of the website on a regular basis while maintaining a membership on Introvurt. Confirmations of transactions sent to your email address shall be conclusive and final unless You notify Introvurt of an error within five (5) days of Introvurt sending the email confirmation.
In order to maintain membership on the Introvurt System, You are required to maintain an active email account and You may not share said email account with anyone. (For clarification, You must be the only person able to access the email address given to Introvurt.) You agree to protect the password and user identification of such email account in order to protect the confidentiality of any correspondence between You and Introvurt.
You must inform Introvurt of any changes to Your email address within 24 hours of said change.
Your intentional action in electronically signing this Membership Application is valid evidence of your consent to be legally bound by this Membership Application or governing your relationship with Introvurt, Inc. The use of an electronic version of the Membership Application fully satisfies any requirement that such Membership Application be provided to You in writing.
You acknowledge that You may access and retain a record of the documents that You electronically sign through the Introvurt System. You are solely responsible for reviewing and understanding all of the terms and conditions contained in the Membership Application. You accept as reasonable and proper notice, for the purpose of any and all laws, rules and regulations, notice by electronic means, including the posting of modifications to this
Agreement on the Introvurt website. You acknowledge and agree that Introvurt may modify this Membership Application, in whole or in part, from time to time and You agree to consult the Introvurt website from time to time for the most up-to-date Membership Agreement. The electronically stored copy of this Membership Application is considered to be the true, complete, valid and authentic and enforceable record of the Membership Application, admissible in judicial or administrative proceedings to the same extent as if the documents and records were originally generated and maintained in printed form. You agree not to contest the admissibility or enforceability of Introvurt electronically stored copy of the Membership Application in any proceeding arising out of the terms and conditions of the Membership Application.
SUBMISSION OF IDEAS
Introvurt allows Members to submit ideas, concepts, designs or inventions for instruments or any other relevant topic (collectively “Ideas”). However, Members should not reveal to Introvurt any Ideas for which a Member wants to receive any compensation or credit. By submitting Ideas to Introvurt, You expressly agree to give up any and all rights You may have to such Ideas and You agree to transfer to Introvurt all of Your rights pertaining to such Ideas. By submitting any Ideas to Introvurt, You expressly authorize Introvurt to use and benefit from the Ideas as Introvurt may decide. Introvurt will not provide You with any compensation or credit for any Ideas You submit. By submitting an Idea to Introvurt, You give up all control You might otherwise have concerning such Ideas.
Member hereby represents and warrants as follows:
(a) If You are a natural person, You
(i) reside on an area which permit trading,
(ii) maintain a bank account in your name that you will use to fund your Introvurt account, and
(iii)are at least the age of majority if you reside in the United States or its territories, or 21 if you reside in a region other than the United States;
(b) If You are anything other than a natural person (e.g., a corporation, partnership, sole proprietorship, or trust), You are duly organized, in good standing, maintain a Good secured crypto currency bank or storage account in the name of the entity applicant, and have the legal authority and are duly authorized and empowered to execute and deliver this Membership Agreement on behalf of such entity and to open accounts and effect transactions in cryptocurrency options on the Introvurt System on behalf of such entity;
(c) Placing orders on the Introvurt System does not and will not violate any governing documents, applicable law, or any judgment, decree, order or agreement to which You or Your property is subject, and this Membership Agreement is binding and enforceable against You in accordance with its terms;
(d) You and, if relevant, Your employees and agents will not trade or otherwise act on behalf of any other person or entity (whether or not a Member) in placing orders on the Introvurt System, including by allowing any person not disclosed on the Membership Application to have an economic interest in the trades placed by the Member;
(e) You have determined that the trading of commodities, futures, options, and swaps is appropriate for You; and
(f) You shall promptly notify Introvurt in writing if any of the representations in this Agreement materially change or cease to be true and correct.
YOU UNDERSTAND THAT Introvurt, ITS AFFILIATES, AND ITS SOFTWARE, HARDWARE, AND SERVICE PROVIDERS PROVIDE THE Introvurt SYSTEM “AS IS” AND WITHOUT ANY WARRANTY OR CONDITION, EXPRESS, IMPLIED OR STATUTORY. Introvurt, ITS AFFILIATES AND ITS SOFTWARE, HARDWARE AND SERVICE PROVIDERS SPECIFICALLY DISCLAIM ANY IMPLIED OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
Any controversy or claim arising out of or in connection with this Membership Agreement or the performance or breach hereof, or relating to Your Account, including any claim against Introvurt, a Introvurt settlement bank, or any other Introvurt Member, shall be settled by arbitration as set forth in the Introvurt Rules.
This Membership Agreement may be terminated by You or Introvurt at any time by giving written notice to the other party. In the event of such termination, Introvurt will immediately liquidate all outstanding positions in Your Account in such manner as Introvurt sees fit and instruct Introvurt’s settlement bank to remit the proceeds from such liquidation along with all other funds in Your Account to Your Wallet identified in Your Introvurt account by means of Bitcoin or Altcoin. The termination of this Agreement will not prejudice any accrued rights or obligations relating to any transaction effected prior to termination, or any right or remedy available to Introvurt. If, at the time of termination of this Membership Agreement, You owe any amount to Introvurt, Introvurt may retain or keep possession of the portion of any balances or instruments in Your Account in satisfaction of such amounts owed by You to Introvurt or until You otherwise pay all amounts owing to Introvurt.
The obligations of confidentiality, the warranty exclusions, the limitations of liability, the assignment of Ideas provision, the mandatory arbitration provision, and choice of law provision stated in this Agreement will survive termination.Introvurt reserves the right to terminate Your Account or block access to Introvurt for any reason allowable under applicable law.
CHOICE OF LAW
THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND ALL DISPUTES HEREUNDER SHALL BE GOVERNED BY, THE LAWS OF THE STATE OF ILLINOIS AS APPLIED TO CONTRACTS MADE AND TO BE PERFORMED IN ILLINOIS, WITHOUT APPLYING CONFLICT OF LAW RULES.
(b) Assignment. Members may not assign (directly, by operation of law, or otherwise) this Membership Agreement or any of its rights or obligations under this Agreement. Subject to the foregoing, this Membership Agreement shall be binding upon and inure to the benefit of Introvurt, its successors and assigns, You and Your legal representatives, executors, trustees, administrators, and (if an assignment cannot be prohibited) Your successors and assigns.
(c) Severability. If any part, term, or provision of this Membership Agreement is held by any body of competent jurisdiction to be illegal or in conflict with any laws or regulations, a modified provision shall be substituted which carries out as nearly as possible the original intent of the parties and the validity of the remaining portions or provisions shall not be affected or impaired.
(d) Entire Agreement. This Membership Agreement, including all documents incorporated herein by reference, is intended as the complete, final and exclusive statement of the terms of the agreement between the parties and supersedes all prior understandings, writings, proposals, representations or communications, oral or written, relating to the subject matter hereof.
There are no terms, conditions or obligations other than those contained herein and those incorporated by reference. Notwithstanding the above, You acknowledge that from time to time, You may enter into certain additional agreements with, or receive certain disclosure documents from, Introvurt, and such other agreements or documents shall be valid and binding upon You as a Member of Introvurt.
(e) Amendment. This Membership Agreement may be amended unilaterally by Introvurt upon written notice to You. You will be deemed to agree to each such amendment if You do not terminate this Membership Agreement prior to the effective date of the amendment.
(f) Waiver. Failure of either party to enforce compliance with any provision of this Membership Agreement shall not constitute a waiver of such provision unless accompanied by a clear written statement that such provision is waived. A waiver of any default hereunder or of any of the terms and conditions of this Agreement shall not be deemed to be a continuing waiver or
a waiver of any other default or of any other term or condition, but shall apply herein shall be cumulative, and the exercise of any right or remedy provided herein or at law or equity shall not preclude the exercise of additional rights and remedies provided by law or equity.
BY CLICKING “I ACCEPT” YOU HEREBY AGREE TO THE TERMS OF
THIS MEMBERSHIP AGREEMENT AND EXPRESSLY ACKNOWLEDGE
THAT YOU HAVE RECEIVED, READ AND UNDERSTOOD ALL
DOCUMENTS INCORPORATED HEREIN BY REFERENCE.