2. Cryptocurrency related risks
2.1. The market for cryptocurrency is still new and uncertain. No one should have funds invested in cryptocurrency or speculate in cryptocurrency that he/she is not prepared to lose entirely. Whether the market for one or more cryptocurrency will move up or down, or whether a particular cryptocurrency will lose all or substantially all of its value, is unknown. This applies both to traders that are going long and to traders that are shorting the market. Participants should be cautious about holding cryptocurrency.
2.2. Markets for cryptocurrency have varying degrees of liquidity. Some are quite liquid while others may be thinner. Thin markets can amplify volatility. There is never a guarantee that there will be an active market for one to sell, buy, or trade cryptocurrency or products derived from or ancillary to them. Furthermore, any market for cryptocurrency may abruptly appear and vanish. Any cryptocurrency is subject to delisting without notice or consent.
2.3. You acknowledge that TurboXBT is not responsible for any losses or damages of any kind arising either directly or indirectly from the sending of cryptocurrency to the wrong wallet address during the withdrawal of funds from your trading account with the Company. There is a risk that the cryptocurrency may unintentionally include weaknesses or bugs in the source code interfering with the use of or causing the loss of cryptocurrency.
2.4. Advances in cryptography, or technical advances such as the development of quantum computers, could present risks to cryptocurrencies which could result in the theft or loss of cryptocurrency.
2.5. The legal status of certain cryptocurrency may be uncertain. This can mean that the legality of holding or trading them is not always clear. Whether and how one or more cryptocurrency constitute property, or assets, or rights of any kind may also seem unclear. Participants are responsible for knowing and understanding how cryptocurrency will be addressed, regulated, and taxed under applicable law. There is a risk that in some jurisdictions cryptocurrency might be considered to be a security or derivative, or that it might be considered to be a security or derivative in the future. TurboXBT does not give any warranties or guarantees that any cryptocurrency is not a security or derivative in all jurisdictions.
5.6. Client is bound to check if acquisition and disposal of cryptocurrency is legal in his/her jurisdiction, and should not use cryptocurrency should their use is illegal in the relevant jurisdiction.
3. Risk of theft and hacking
3.1. Hackers or other groups or organisations may attempt to interfere with the Website in any number of ways, including without limitation denial of service attacks, Sybil attacks, spoofing, smurfing, malware attacks, or consensus-based attacks. You hereby agree that TurboXBT shall have no liability for any losses or damages related to any hacking activities.
3.2. You acknowledge that TurboXBT is not responsible for any losses or damages of any kind arising either directly or indirectly from a withdrawal of funds from your account by a third party due to the loss of credentials.
4. Technical risks
4.1. You acknowledge that there are risks associated with online trading including, but not limited to, the failure of hardware, software, and Internet connections. You acknowledge that TurboXBT shall not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when using the Website or any of our services.
4.2. You acknowledge that you may be prevented from sending a transaction request, or a transaction request or email may not be received by TurboXBT due to hardware, software or network connectivity issues. You accept that TurboXBT is not responsible for any losses or damages whatsoever arising directly or indirectly due to any such issues.
5. Fund transfer risks
5.1. You acknowledge that the Company cannot be held liable for the number of days passing between the transfer of funds from your trading account with the Company until the time that the transferred funds are booked on the account with the receiving financial institution.
5.2. You acknowledge that TurboXBT cannot be held liable for the number of days passing between the transfer of funds by the sending financial institution until the time that the transferred funds are received by TurboXBT and booked on your trading account with the Company.
6. No investment advice
6.1. TurboXBT does not provide any investment, financial, legal, tax, regulatory or other advice relating to investments or trading. Any material or information or other features, which may be provided to you through the Website, trading platforms, marketing or training events or otherwise, is generic and shall not be treated as advice appropriate for you or based on a consideration of your personal circumstances. You should seek independent professional advice from a suitably qualified advisor, if necessary, prior to engaging in trading with us.