Last Update: 2022/02/22

1. Cryptocurrency Trading Risks:

  • (i)    You understand that trading in cryptocurrency is volatile and the markets shift quickly in terms of price, market depth, liquidity, and trading dynamics. The information made available to you on or through the Service is made available solely for general information purposes, and XROBIUM does not warrant the accuracy, completeness, or usefulness of this information. You are solely responsible and liable for any and all trading and non-trading activity on your XROBIUM through the use of the Service made available to you.
  • (ii)   Any cryptocurrency may decrease in value or lose all of its value due to various factors, including but not limited to, discovery of wrongful conduct, market manipulation, threats, suspension, or cessation of support for a cryptocurrency subject to factors outside our control.
  • (iii)  You understand that past performance is not necessarily indicative of future performance. The risk of loss in trading cryptocurrencies can be substantial, and therefore, users should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. XROBIUM does not guarantee the performance of any trade or investment, the return of any user’s capital, or the achievement of any rate of return.
  • (iv) Whether the future market price for a cryptocurrency will move up or down is speculation and cannot be known for sure. The leverage available in trading cryptocurrency allows you to establish a larger market position than an unleveraged position, and, therefore, exposes you to a risk of a greater loss than an unleveraged position.
  • (v)   You should not transact in a cryptocurrency if you are not familiar with that cryptocurrency. Transacting in cryptocurrency may not be suitable for you. Once you transact using the XROBIUM services, your behavior shall be deemed willingly by yourself, and you shall be deemed to be fully familiar with the cryptocurrency.
  • (vi) Trading in any of the cryptocurrency available on the Service carries substantial risk, including the possible loss of capital. And performance and returns of any digital asset may vary significantly over time.
  • (vii)  XROBIUM may suspend trading in or cease to offer Services in respect of any of the cryptocurrency listed on the Service at any time at XROBIUM’s sole discretion. Users may be unable to trade such cryptocurrency prior to XROBIUM’s ceasing to offer Services in respect of any such cryptocurrency, resulting in the user’s inability to trade such cryptocurrency.

2. Risk Involved with Internet Transmission:

You understand that there are risks associated with making use of an Internet-based trading software, and as such, you acknowledge that XROBIUM shall not be responsible for any disruption in Internet communication, errors, distortions, or delays in our trading software executing certain given instructions.

3. Risk of Attack:

You understand that the XROBIUM Services may be subject to external/internal security attacks that may affect the functionality and efficiency of the XROBIUM Service. You understand that XROBIUM shall not be held responsible or liable to you for any losses resulting therefrom.

The cryptocurrency and its underlying technology may be vulnerable and subject to attacks on the integrity, security, and operation of such cryptocurrency or their underlying technology, including threats using computer power, sufficient to overwhelm the normal operation of a blockchain or other underlying technology. You understand that XROBIUM shall not be held responsible or liable to you for any losses resulting therefrom.

4. Account Risk:

Unauthorized third-parties may gain access or use your XROBIUM User account and effect transactions without your authorization or knowledge, whether by obtaining the password to your XROBIUM user account, obtaining control over another device or account used by you in connection with any enhanced security measures enabled for your account or by other means.

5. Commission and Other Charges

Before you begin trading, you should have a thorough understanding of all commissions, fees, and other charges that you will be responsible for. These charges will affect your net profit (if any) or increase your loss.

6. Bitcoin Currency Risks

The profit or loss in transactions in our Services will be affected by fluctuations in the value of Bitcoin, as all transactions in and settlement of our Services are settled in Bitcoin. And as such, all calculations of your profits or losses on our Services shall be denominated in Bitcoin. You will be exposed to foreign exchange or exchanges’ risk upon conversion from relevant currencies or cryptocurrencies in our Services to Bitcoin and from Bitcoin to your home currency.

7. Trading Facilities

The Platform uses an electronic trading facility supported by computer-based component systems operating over the Internet for the order-routing, execution, matching, registration, or clearing of trades. As with all facilities and systems, they are vulnerable to temporary disruption or failure. We do not guarantee that our service will be uninterrupted or error-free at all times, and as such, you may suffer losses in relation to your trades in our Services as a result of such temporary disruption or failure. We are not liable for any such losses, and you bear the risk of any such losses you may suffer in the event of a service error or interruption.

8. Electronic Trading

If you undertake transactions on an electronic trading system, you will be exposed to risks associated with the system, including but not limited to, the failure of hardware and software. The result of any system failure may be that your order is either not executed according to your instructions or not executed at all. You may suffer losses in relation to your trades in our Services as a result of such failure. We are not liable for any such losses and you bear the risk of any such losses you may suffer.

9. Volatility

The prices at which you enter a trade and fluctuations in the price of the underlying cryptocurrency relevant to your trade will determine whether you make a profit or a loss. Neither you nor we will have any control over the underlying cryptocurrency's price changes. The underlying coins' price changes can be volatile, unpredictable, and fluctuate dramatically. The prices of both our Services and the underlying cryptocurrencies may fluctuate and become worthless, resulting in the loss of all or a portion of your invested capital. It is just as possible that you may incur losses as you will make gains as a result of your buying and selling of Services.

10. Liquidity

A decrease in liquidity (a term that describes the availability of buyers and sellers who are prepared to deal in a cryptocurrency’s market or the markets of the underlying cryptocurrencies) may adversely impact a cryptocurrency’s price. If there is a significant reduction or a temporary or permanent cessation in liquidity in any Services or the underlying cryptocurrency of any crypto asset holdings, such events may be deemed an Event Outside of Our Control or Market Disruption Event (as applicable) under the General Terms, and we may suspend trading or take any other action we consider reasonable in the circumstances. As a result, you may not be able to place trades in our Services or close any open positions you may have in the affected Services.

11. Transaction Risk

If you wish to close out your position in any trade, you accept that any reference price indicated on any cryptocurrency depending on the cryptocurrency’s specifications may be indicative, and no guarantee as to their accuracy is given and no liability is accepted. You understand that all settlement amounts will be calculated on the prevailing market price at the time of your closing out of the relevant trade. The net profit you gain may be reduced (if any) or the net loss you suffer may be increased if the actual prevailing market price at the time the closing out of your trade is executed is lower than the reference price indicated when you placed your order for the closing out of the trade.

12. Tax Risks

By entering into any trade, you undertake that you are aware of the tax implications (including the implications of any applicable income tax, goods, and services or value-added taxes, stamp duties, and other taxes) of entering into and exiting the relevant trade. Different trades in different Services may have different tax implications as they would depend upon the nature of your business activities and our Services in question. For example, income or profit from trading in any Services may be subject to withholding tax or capital gains tax or other tax of the country of your counter-party in the trade, and in such event, unless the counter-party agrees to gross-up the amounts to which you are entitled under the trade, you will only receive such amounts less the withholding tax or capital gains tax or other tax. Such taxes may reduce the net profit or increase the net loss of any trade-in cryptocurrency entered by you. You should, therefore, consult your independent tax advisor to understand the relevant tax considerations.

13. Quality of Services or Underlying Cryptocurrencies

You acknowledge that, although XROBIUM may have conducted a risk assessment as part of its background check on any cryptocurrency underlying any Services offered on the Service, this should not be taken as a guarantee of the quality of any particular coin or relevant underlying cryptocurrency or its return or a guarantee as to its suitability for you taking into account your investment objectives, financial situation, and particular needs.

Furthermore, our decision to allow you to transact using any of our products and services or not to restrict any Services may not necessarily have taken into account any of your particular circumstances. You, therefore, must always carefully consider the merits and risks of entering into a trade-in of any cryptocurrencies and seek professional advice as you deem fit. We shall not be responsible for any loss suffered by you unless caused by fraud, gross negligence, or willful default directly attributable to us.

14. No Guarantees of Profit

There are no guarantees of profit nor of avoiding losses when trading. You acknowledge that you have received no such guarantees from XROBIUM or from any of its representatives. You are aware of the risks inherent in trading, and you are financially able to bear such risks and withstand any losses incurred.

15. Simultaneous and Compounding Nature of Risks

You acknowledge that cryptocurrency may involve various risks and that you should only trade in a cryptocurrency after assessing all such risks and relevant factors. More than one risk factor may have an effect simultaneously such that the effect on the cryptocurrency may be unpredictable. In addition, more than one risk factor may have a compounding effect, which may not be predictable. We give no assurance in relation to the effect that any risk factors or any combination of risk factors may have on the value of any of your trades.

16. Legal Risk:

The legality of several cryptocurrencies, the trading of such cryptocurrency, and/or leveraging them or leveraging them on behalf of others may not be clear and may vary under the laws of different jurisdictions around the world. This can mean that the legality of trading cryptocurrency, entering into related leverage transactions, or engaging in the foregoing on behalf of others is not always clear. Whether and on what basis a cryptocurrency may constitute property, an asset, or a right of any kind and what may constitute lawful leverage provision, might vary from one jurisdiction to another. You acknowledge that you are solely responsible for knowing and understanding how the laws applicable to you or your property, rights or assets, limit, and regulate the trading of cryptocurrency, the leverage you use, or the exchange partner that you make use of.

In general, our listing of any cryptocurrency as a trading pair through the Service does not indicate XROBIUM’s approval or disapproval of the cryptocurrency, nor does it indicate security, integrity or operation of the cryptocurrency or its underlying t

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Legal Agreements & Policies

Before utilizing the X-Robium trading platform, please read our Legal Agreement and Risk Disclosure.

Terms of Use
Risk Disclosure Statement