Partner Agreement

(Last Updated on January 18, 2022)

General Provisions

This agreement is made between 7B Forex Limited, Reg Number IBC24499 with registered address at Suite 305, Griffith Corporate Centre, St. Vincent and the Grenadines. (hereinafter — the Company), any individual, entity or company (hereinafter — the Partner) who fills out the partner registration form on any or all of the listed websites https://7Bforex.com, https://7Bforex.ng (hereinafter — the Website) for the opportunity to use services of the Website according to the terms and conditions of this agreement (hereinafter — the Agreement).

The Partner accepts the Agreement by registering and creating an account on the Website. Acceptance of the Agreement implies full unconditional acceptance of the conditions of the Agreement by the Partner. In the event of any conflict between the English version of this Agreement and the texts in other languages, the English version shall prevail.

The Partner unconditionally acknowledges that all Customers attracted are the Company's Customers.

Terminology

For the purpose of this agreement, the following terms shall be interpreted as follows:

Trader: Shall mean any person, individual or company who has been introduced by a partner and has opened an account and verified it.

Active Trader: Shall mean any trader who has opened and closed a position within a specific period.

Inactive Trader: Shall mean any trader who has not opened and closed a position within a specific period.

Partner: Shall mean an individual or company, acting in the course of business and engaged in advertising and marketing activities (promotion of the 7bforex brand, use of 7bforex sites as a portal for displaying promotional and advertising content, hosting of marketing material and direction of web-traffic to 7bforex site. The partner refers and attracts clients to enter brokerage service contracts with the Company.

Partner Cabinet: Shall mean the secure interface on 7bforex’s Partnership website where all partners login to view all their data, get partner links, view statistics, access promotion tools, and withdraw commissions earned.

Partner Link: Shall mean the unique link and/or personalized ID which is used to identify partner activities and to introduce traders.

  1. Registration of the Partner and collection of the Partner's data
    1. By registering on the Website, the Partner agrees to the processing of their personal data in accordance with the Privacy Policy. This processing is carried out for the purpose of providing services under the Agreement, as well as for the ease of use of the Partner Cabinet, prompt communication with the Partner, protection of the Partners's funds and prevention of fraud. This consent is valid for an unlimited period of time and can be withdrawn by sending a respective request to support@7bforex.com
      The process of collecting Partner's personal data by the Company consists of collecting information about the Partner's name, surname, phone number, physical address and e-mail address, as well as collecting the data from cookies to gather statistics on the Partner's interactions with the Website. All personal data provided to the Company by the Partner is considered confidential and can be disclosed to third parties only with the consent of the Partner.
    2. The Partner registration procedure consists of two stages:
      - The procedure of Partner registration on the Website of the Company;
      - The procedure of verifying identity and the information specified during registration.
    3. Partner registration procedure is mandatory for the Company's Partners.
    4. To complete the Partner's registration on the Company's Website, it is necessary to perform the following steps:
      - enter personal and contact details;
      - accept the terms of this Agreement and its annexes.
    5. The procedure of identity and data verification is done by the Company to verify the correctness and completeness of the information specified by the Partner during registration. To perform this procedure, the Company has the right to demand documents to prove or verify the following to be provided by the Partner:
      - Identity, photograph image, phone, email address, signature and address verification.

      In addition, the Company is entitled to demand copies of recent utility bills, bank statements, signatures, Passport photographs, International ID cards, scanned copies of bank cards, as well as any other document if the documents above are not sufficient to fully identify the Partner and/or the personal data provided by the Partner.
    6. The procedure of identity and data verification is completed within 1(one) business day(s) of the date the Company requires the Partner’s identity be verified. In some cases, this may be increased at the Company’s discretion to a period deemed reasonable and necessary by the Company.
    7. In suspicious cases, the Company’s compliance Team reserves the right to restrict ALL transactions and activities on the Partners cabinet until the investigation is over.
    8. The Company is entitled to request from the Partner electronic copies of documents to verify identity and other data provided by the Partner when registering. In these cases, the company requests the Partner to provide the information, and the Partner is obliged to provide an electronic copy of the document (the Company can request a copy in English certified by a notary). If the Partner does not provide their personal information (including documents confirming the necessary information), the Company may suspend the Partner’s cabinet until the Partner provides the requested information. If the requested information is not provided to the Company, then the suspended account may be blocked permanently.
    9. The Company is entitled to conduct a video conference (where necessary) with the Partner to confirm the Partner's identity and authenticity of the documents provided by the Partner.
    10. The Partner acknowledges the right of the Company to use their personal information to fulfill the requirements of the legislation on combating money laundering and illegally obtained income.
    11. Responsibility for the provision of authentic copies of the documents lies with the Partner. In the case of forged documents, the Partner will be prosecuted according to the laws of the country issuing the document.
    12. By confirming the registration, the Partner agrees to receive information from the Company, including advertising messages sent to the email address specified by the Partner, and phone calls and SMS to the phone number specified by the Partner. If the Partner does not wish to receive such messages, they may at any time cancel their subscription by clicking the link in their email, as well as by contacting the Company’s Support team. The Company will promptly respond to the Partner’s request for the cancellation of subscriptions to all types of messages (except for transaction notifications), as well as the refusal to receive calls or SMS on the phone.
  2. The procedure for mutual settlement
    1. The Company shall pay the Partner from commissions made on all trades placed by Client referred by the Partner, regardless of whether trade gained any profit or not. A commission is credited to the affiliate account immediately after a referred client closes a trade.
  3. Affiliate commission amount
    1. The Company shall pay the Partner 40% of the commissions made on every trade on FX Majors, FX Crosses, Exotics, Gold, Silver, and Energy.
    2. The Company will not pay the partner any from commissions on trades made on Welcome bonus accounts.
    3. The Company will not pay the partner any commissions from trades made on Contest or Promo accounts.
  4. Company’s rights and obligations
    1. The Company is obliged to open trading accounts for clients referred by the Partner pursuant to the Terms of Agreement.
    2. The Company shall enable clients to conduct trading operations in the system by providing clients with logins and passwords.
    3. The Company is obliged to maintain a comprehensive record of all operations made by clients.
    4. The Company has a right to request the Partner to provide a full report on the course and results of the clients attraction campaigns.
    5. The Company has a right to exclude a client’s account from the Partner group if the terms are violated.
    6. In the event that the Partner fails to perform any obligations under the present Agreement, the Company has a right to exclude clients from his affiliate group.
    7. The Company has a right to inform clients of the affiliate group about commissions received by the Partner from trading operations conducted by them on international financial markets pursuant to the present Agreement.
    8. In the event that the Partner breaches or fails to perform any obligations under the present Agreement, the Company shall be entitled to terminate the present Agreement at its sole discretion.
    9. The Company has a right to perform other actions stipulated in the present Agreement and its Appendices.
  5. Partner’s work principles and Client attraction
    1. The Partner has a right to create a website relevant to the Company’s activities containing information about the providing brokerage, and dealer services.
    2. A client is registered and referred to the affiliate group by clicking on an affiliate link to the Company’s official website.
    3. A client may choose to decline the Partner’s services and opt for being serviced by the Company.
    4. Partner shall not be entitled to get affiliate commissions from his own accounts and those owned by his close relatives if the Partner is an individual; as well as from private accounts of founders or accounts of their close relatives if the Partner is a legal entity.
    5. The Partner is prohibited to use unfair methods of attracting clients including but not limited to using any form of force to redirect users to the websites of the Company and registering them in the affiliate group.
  6. Termination of this agreement
    1. This Agreement becomes legally binding at the time of the Partner's registration on the Website or the Company's approved representatives.
    2. This Agreement shall be terminated in the event that all the following conditions are met:
      - After receiving a request to do so by the Company and/or the Partner;
      - After the Company's complete fulfillment of its financial obligations to the Partner;
      If the Partner violates the conditions that are indicated in this Agreement, the Company, in such cases, may terminate the Agreement on their own initiative without prior notice.
    3. The Company has the right to unilaterally, without explanation, terminate the contract with the Partner. However, the Company undertakes to comply with its financial obligations to the Partner at the time of termination of the contract.
    4. In the event that the Company decides to terminate its own activity regulated by this Agreement, the Company shall do the following: - Notify the Partner prior to the termination of such activity;
    5. The Company fulfills its financial obligations to Partners, including upon termination of the Partner Agreement.


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