Terms & Conditions (USER AGREEMENT)
Last Updated on 25/08/2022
INTRODUCTION
This User Agreement (this “Agreement”) sets forth the legally binding terms and conditions your access to and use
of any websites, mobile sites, mobile applications, desktop applications, products or services (the “Services”)
offered by iBlock Investment Consultant Pvt. Ltd. (‘Company’), incorporated under the laws of India and having its
registered office at Suit no-405, 4th floor H-221 Sector -63 Noida, Gautam Budh Nagar, Noida,Uttar Pradesh 201301 India its owners,
directors, investors, employees or other related parties, which owens and operate the iBlocktrade Platform. Where the
context so permits and “iBlocktrade (to the extent further described below) (“iBlocktrade”, “us”, “our”, and “we”). The
“User”, “you”, “your” shall refer to any natural person or entity and its authorized users that subscribes or uses
the Services. Certain features of the Site may be subject to additional guidelines, terms, or rules, which will be
posted on the Site in connection with such features. All such additional terms, guidelines, and rules are
incorporated by reference into this Agreement.
By using any services made available through the iBlocktrade Platform or otherwise through any mode, the User agrees
that the User has read, understood and accepted all the terms and conditions contained in this Terms of Use
agreement as well as our Privacy Policy.
As this is a legally binding contract, the User is cordially requested to carefully read through this agreement
and related notices before using any of iBlocktrade’s Services.
By registering, accessing or using iBlocktrade Platform, the User agrees to the terms and conditions set out in this
Terms of Use, and our Privacy Policy.
If any User disagrees with these Terms of Use or our Privacy Policy, the User shall not proceed to initiate
account registration with iBlocktrade or seek to acquire any of its services.
DEFINITIONS AND INTERPRETATION
In this agreement the following terms, unless the context otherwise indicates, will have the following meanings:
AML Regulations means India’s Prevention of Money Laundering Act, 2002 and the Rules framed thereunder.
AML Policy means the policies and programs maintained by iBlocktrade to comply with the AML Regulations.
Business Day means a day that is not a Saturday, Sunday or Public holiday in Noida, Uttar Pradesh, India
iBlocktrade Platform shall collectively mean and include iBlocktrade Android App, iBlocktrade iOS App (collectively,
“iBlocktrade App”) or iBlocktrade Web app (“Web version”) and iBlocktrade website “www.iBlocktrade.com” (“iBlocktrade Website”),
iBlocktrade OTC Trading Platform (OTC desk ) and other web assets on the iBlocktrade.com domain, together with the
iBlocktrade Developer Portal, Public APIs and secure authentication for Users.
iBlocktrade Services or Services means the services made available from time to time on the iBlocktrade Platform.
iBlocktrade Wallet means an online address accessible through the Online Platforms and operated by a User for storage
of its Digital Assets;
Company means iBlock Investment Consultant Pvt. Ltd. company having its registered office at Suit no-405, 4th floor H-221 Sector -63 Noida, Gautam Budh Nagar, Noida,Uttar Pradesh 201301.
Competent Authority means the relevant government authority in India, as notified or may be notified, depending on
the context.
Content means any information, text, graphics, or other materials uploaded by the Company or the users, which
appears on the Online Platforms for other users to access.
Digital Assets refers to blockchain based Crypto Assets such as Bitcoins, Litecoin, Ethereum, Ripple, etc., as
well as proprietary coins and tokens.
Fiat Wallet means an online address accessible through the Online Platforms and operated by a User for the storage
of the User’s fiat currency holdings.
Funds refers to both Digital Assets and fiat currency, as the case may be.
Force Majeure shall mean and include any cause arising from or attributable to acts, or events, beyond the
reasonable control of iBlocktrade , including natural calamity, strikes, terrorist action or threat, civil commotion,
riot, crowd disorder, invasion, war, threat of or preparation for war, fire, explosion, storm, flood, earthquake,
subsidence, structural damage, epidemic or other natural disaster, calamity, attacks including through computer
viruses, hacking, denial of service attacks, ransomware or other manmade disruptions or any law, order enactment,
statutory direction, legislation, regulation, rule or ruling of government or any court of law or of a Government
or regulatory authority.
KYC means Know Your Customer requirements as determined by iBlocktrade or under the AML Regulations.
Linked Bank Account refers to any bank account owned and operated by the User and held with a Scheduled Commercial
Bank, whose details were provided by the User during the activation process.
Privacy Policy means iBlocktrade’s privacy policy for Indian customers Available at
https://www.iBlocktrade.com/privacy-policy
User or Customer shall mean persons availing of the iBlocktrade Services (as defined below), directly or indirectly,
and are referred to herein as “Users”.
TDS means an advance tax to establish a transaction trail, deducted at the time of trade execution, and can be
adjusted against your total tax liability at the time of filing your annual income tax returns.
SERVICE
The Service operated by Company in the name of iBlocktrade allows buyers (“Buyers”) and sellers (“Sellers”), to buy
and sell digital assets (for more information on digital assets, please refer to http://www.bitcoin.org).
The Service provided iBlocktrade also allows all registered users of the Service (“Members”) to:
1. Transfer digital assets to other Members or other users of digital assets outside the Website.
2. Send and receive digital assets.
3. Buy and sell digital assets.
4. Use digital assets for purchasing goods*.
*It is possible that the laws in the country where the user resides ( i.e, India) do not allow the usage of an
online tool with the characteristics of digital assets or any of its features. iBlocktrade does not encourage the
violation of any laws and cannot be held responsible for violation of such laws. It is your responsibility to
follow the laws of your country of residence and/or country from which you access this Website and the Service. As
long as you agree to and comply with these Terms of Use, iBlocktrade grants to you a personal, non-exclusive,
non-transferable, non-sublicensable, and limited right to enter and use the iBlocktrade platform and the Service.
TAXES
The sale and/or transfer of virtual digital assets—VDA, or Crypto will be subject to TDS, or tax deducted at
source, at the rate of 1% or 5% as per the newly inserted Section 206AB and 206CCA in the Income-tax Act,1961
effective from 1st July 2022. iBlocktrade will deduct this amount and remit it to the tax authorities on your behalf.
To ensure Transparency iBlocktrade will provide you with the following documentation:
1.Transaction note/Tax invoice with the breakup of TDS and fees ***
2.Quarterly Form 16A certificate for better tax management
***Note: The User can ask for the invoice of executed trade on Demand by Writing us at [email protected]
COMMISSION/FEE
1. Creation of User Account at iBlocktrade Platform is Free
2. Trading on the iBlocktrade Platform is subject to payment of a Fee/Commission on each transaction
executed/facilitated through the iBlocktrade Platform.
Note: 1.EZ Market : The total price communicated to the users on the Platform before confirming on
the execution of a trade would be inclusive of the commission/fee charged by iBlocktrade, network and third party
fees, if any, excluding applicable taxes.
2.Classic Market : The total price communicated to the users on the Platform before confirming on the execution of
a trade would be Exclusive of the commission/fee charged by iBlocktrade, network and third party fees, if any, and
applicable taxes.
IDENTITY VERIFICATION
With registration of a user Digital Asset Account on iBlocktrade, the user agrees to share personal information
requested for the purposes of identity verification and other purposes permitted by applicable laws. This
information is used specifically to identify the user and for the detection of potential money laundering,
terrorist financing, fraud and other financial crimes on the iBlocktrade Platform and to ensure that the User and
his/her trades are fully compliant with the AML Regulations. iBlocktrade endeavors to retain and obtain this personal
information in accordance with its Privacy Policy and applicable law.
In addition to providing this information, to facilitate compliance with global industry and government standards
for data retention, the user agrees to permit iBlocktrade to keep a record of such information for the lifetime of
the User’s Digital Asset Account plus five (5) years after closing that account or the minimum period required by
applicable law (India), whichever is later.
The user also authorizes iBlocktrade to make inquiries, either directly or through third parties, that are deemed
necessary to verify the user’s identity or to protect the user and/or iBlocktrade against financial crimes such as
online fraud, etc.
All Users must register for a iBlocktrade user Asset Account before using the iBlocktrade Platform via our standard
application procedure. To register for an account, the user must provide his or her real name, email address and
such other requested information including KYC documents with due diligence in accordance with the AML regulations
and FEMA guidelines (in case user is NRI )
The identity verification information which may be requested can generally include but not limited to:
1. Full Name
2. Email Address
3.Nationality
4. Telephone Number
5. Government Issued ID/Passport
6. Date of Birth
7. Proof of address
8. Bank account details
9. Photographs and images
10. Government Issued Tax Identification Number
In providing this required information, the user confirms that all such information is accurate and authentic.
Post-registration, the user guarantees at all times that the information is truthful, complete and updated in a
timely manner with any changes. If there is any reasonable doubt that any information provided by you is wrong,
untruthful, outdated or incomplete, iBlocktrade shall have the right to send you a notice to demand corrections,
remove relevant information directly, suspend or terminate all or part of the iBlocktrade Services to the user.
The user may only start trading with iBlocktrade on the iBlocktrade Platform after the initial transfer of funds is
credited to the user's Asset Account and such transfer has been cleared.
Depending on certain conditions and at its sole discretion, iBlocktrademay refuse to open an account for you for any
reason whatsoever or without assigning any reason to the User.
YOUR WALLET
Upon activation of your User Account, iBlocktrade will provide you with a Fiat Wallet and a iBlocktrade Wallet. These
Wallets enable you to Buy, sell, send, receive or store Digital Assets supported by the Online Platforms. You are
required to maintain a minimum balance of Funds in your Wallets before you initiate an order and/or transaction.
iBlocktrade reserve the right to refuse to execute any order and/or transaction initiated by you, if they are in
contravention to the AML Policy or to comply with directions of appropriate enforcement authorities.
Values indicated in your iBlocktrade Wallet are indicative only. This may fluctuate while placing a sell/buy order.
Please Ensure Market Price before placing an order. iBlocktrade will not be responsible for your trading losses.
RISKS
The use of the Website and the Service may entail multiple risks including but not limited to the following risks:
1.Digital Asset transactions are technically irreversible once it hits the network. The digital Assets you buy
will be sent to your iBlocktrade wallet or to your own digital Asset address provided. If you lose or delete your own
digital Asset wallet, you will lose your digital Asset in it and the same cannot be restored. The digital asset
wallet address provided to you by iBlocktrade is only a way for you to deposit or accept digital assets into your
iBlocktrade wallet. The owner of these digital asset wallet addresses will be iBlocktrade and the outgoing transactions
from these digital asset wallet addresses will not be related to you or to your iBlocktrade account. When you send
out digital asset from iBlocktrade wallet to other digital asset address, the “From” address for such digital asset
transaction will be a temporary address and it won’t be same as the digital asset wallet address provided to you.
If there are any chances of reversals or pay-back for a digital asset transaction you initiated from iBlocktrade, it
will be your responsibility to explicitly provide your digital asset address provided by iBlocktrade to receive such
digital asset transaction payment. Any digital Asset that is not send to your iBlocktrade provided digital asset
wallet address cannot be claimed to be from you. You also can neither request any reversals of such transactions
nor request for the credit of those digital assets into the digital asset balance in your account at iBlocktrade.
2.Digital asset value tends to fluctuate on a minute to minute basis, due to which there may be an increase or
decrease in the value of the digital assets. Digital assets are subject to large swings in value and may even
become worthless. There is an inherent risk that losses will occur as a result of buying, selling or trading in
digital assets.
3.Digital asset is an as-yet autonomous and largely unregulated worldwide system of value transfer between
individuals. It is not backed by any government or commodities and hence may be susceptible to risks not generally
associated with government or central bank backed currencies.
4.There is also the risk of loss of confidence in digital asset trading, which could collapse demand relative to
supply. For example, confidence might collapse in digital assets because of unexpected changes imposed by the
software developers, the creation of superior competing alternatives, a deflationary or inflationary spiral, or
due to governmental actions. Confidence might also collapse because of technical problems, for instance, if the
anonymity of the system is compromised, or if any entity is able to prevent any transactions from settling.
5.There may be additional risks that iBlocktrade have not foreseen or identified in these Terms of Use.
You should carefully assess whether your financial situation and tolerance for risk is suitable for buying,
selling or trading digital Assets.
iBlocktrade uses its banking service providers only for the receipt of user money and making payments. Our banking
service providers do not transfer digital assets, exchange digital assets, or provide any services in connection
with digital assets.
LIMITED RIGHT TO USE
Unless otherwise specified, all Materials on this Website are the property of the Company and are protected by
copyright, trademark, and other applicable laws. You may view, print, and/or download a copy of such Materials on
any single computer solely for your personal, informational, non-commercial use, provided you keep intact all
copyright and other proprietary notices.
The trademarks, service marks, and logos of iBlocktrade and others used in this Website (“Trademarks”) are the
property of the Company and their respective owners. The software, text, images, graphics, data, prices, trades,
charts, graphs, video, and audio used on this Website belong to the Company. The Trademarks and Materials should
not be copied, reproduced, modified, republished, uploaded, posted, transmitted, scraped, collected or distributed
in any form or by any means, whether manual or automated. The use of any such Materials on any other website or
networked computer environment for any other purpose is strictly prohibited; any such unauthorized use may violate
copyright, trademark, and other applicable laws and could result in criminal or civil legal actions and penalties.
MAINTAINING YOUR USER ACCOUNT
iBlocktrade platform is for your personal and non commercial use only, for using iBlocktrade platform a user should be
competent to contract under the Indian Contract Act (1872) and his/her conduct will not be in violation of the
law, public interests, public ethics or other’s legitimate interests.
If the user is an individual he/she should be at least 18 years old and if the user is a body corporate,
unincorporated association, trust or other legal structure, the user is validly existing in accordance with
applicable law and regulations. The user should have obtained all necessary consents, licenses and authorisations
and has full power and authority (in accordance with its constitutional and organisational documents, where
relevant) to enter into this agreement and all transactions at iBlocktrade platform.
Each user shall have one user asset account only. Multiple accounts for the same user shall not be allowed.
Withdrawal of High value transactions of amounts greater than INR 1,00,000/- ( One lakh Indian Rupee) or its
equivalent in any other Crypto/Digital Asset are Manually verified. So, users are requested to initiate such
transactions i.e, value greater than or approx 1,00,000/- one lakh INR during Working hours 10:30 AM to 7:00 PM
IST. iBlocktrade shall not be liable in the case the value of your token increases or decreases during non working
hours. Crypto/Digital Assets worth less than 1,00,000 INR are Automatically Processed.
TERMINATION AND SUSPENSION
You may terminate this agreement with the Company, and close your User Account at any time, following settlement
of any pending transactions.
You agree that Company may, by giving notice, in its sole discretion, terminate your access to the Website and to
your Account; including without limitation, suspending or terminating the Service and Members’ Accounts,
prohibiting access to the Website and its content, services and tools, delaying or removing hosted content, and
taking technical and legal actions to keep Members off the iBlocktrade Website if it is reasonably perceive that such
Members are creating any problems, including without limitation, possible legal liabilities, infringement of the
intellectual property rights, or acting inconsistently with the letter or spirit of these Terms of Use.
iBlocktrade reserves the right to suspend, block, cancel or reverse a transaction and/or refuse to continue providing
you with access to the Online Platforms are (even if even after funds have been debited from your User Account) if
iBlocktrade discovers that you are: (a)incompetent to contract by virtue of your age or otherwise under these Terms
or the applicable law and/or (b) in breach of the Terms and applicable law.
Notwithstanding the above, iBlocktrade may, in appropriate circumstances and at our sole discretion, suspend or
terminate Accounts of Members for any reason, including without limitation (1) attempts to gain unauthorized
access to the Website or another Member’s account or providing assistance to others’ attempting to do so, (2)
overcoming software security features limiting use of or protecting any content, (3) usage of the Service to
perform illegal activities such as money laundering, illegal gambling operations, financing terrorism, or other
criminal activities, (4) violations of these Terms of Use, (5) failure to pay or fraudulent payment for
Transactions, (6) unexpected operational difficulties, or (7) upon the request of law enforcement or other
government agencies, if deemed to be legitimate and compelling by iBlocktrade, acting in its sole discretion.
iBlocktrade also reserves the right to cancel unverified Accounts or Accounts that have been inactive for a period of
6 months or more, and/or to modify or discontinue our Website or Service. Members agree that iBlocktrade will not be
liable to them or to any third party for termination of their Account or access to the Website.
You hereby agree that the suspension of an Account shall not affect the payment of the commissions due for past
Transactions. Upon termination, Members will receive any monies owed to them via their registered bank account
with iBlocktrade.
ASSIGNMENT OF RIGHTS
You acknowledge and agree that the Company can freely assign these Terms of Use or any of its rights under these
Terms of Use to any person without your consent .You shall not assign or transfer any right or obligation that has
accrued to you under these Terms, and any attempt by you to assign or transfer such rights and obligations, shall
be null and void.
AVAILABILITY OF SERVICES
iBlocktrade make no warranty that the Services or the Online Platforms will meet your requirements or that the
Services or your access to the Online Platforms will be uninterrupted, timely, accurate or reliable; nor does
iBlocktrade make any warranty as to the permanent availability of any information and/or that may be stored or
transferred through the Services or the Online Platforms. In case there is any defect in any software being used
for the provision of the Services, iBlocktrade does not make any warranty that defects in such software will be
corrected. iBlocktrade shall use reasonable endeavor to ensure that the Website can normally be accessed by you in
accordance with these Terms of Use. iBlocktrade may suspend use of the Website for maintenance and will make every
effort to give you reasonable notice. You acknowledge that such notice, however, may not be possible in case of an
emergency
You understand and agree that any material and/or data downloaded or otherwise obtained through use of the
Services or Online Platforms is done at your own discretion and risk and you will be solely responsible for any
damage to your computer system or loss of data that results from the download of such material or data. In case
you store or transfer any information and/or data through the Services or the Online Platforms, you are strongly
advised to make back-up duplicate copies and are solely responsible for any loss.
EXTERNAL WEBSITES
The Website may provide links or other forms of reference to other websites (“External Websites”) or resources
over which we may not have control. You acknowledge that iBlocktrade is providing any such links or references of
External Websites or resources to you only as a convenience and that iBlocktrade makes no representations whatsoever
about any External Websites which you may access through this Website, including such External Websites being free
of such items as viruses, worms, Trojan horses, and other items of a destructive nature. iBlocktrade is not
responsible for the availability of, and content provided on any External Websites. You are requested to review
the policies posted by such External Websites regarding privacy and other topics before use. iBlocktrade is not
responsible for third party content accessible through the Website, including opinions, advice, statements,
prices, activities, and advertisements, and you shall bear all risks associated with the use of such content.
FINANCIAL ADVICE
The Content on the Online Platforms is provided for general information only. It is not intended to amount to
investment advice on which you should rely. You must obtain specialist advice before taking, or refraining from,
any action on the basis of the content provided on the Online Platforms. Platforms are executed automatically,
based on the parameters of your order instructions and in accordance with our trade execution procedures, and you
are solely responsible for determining whether any investment, investment strategy or related transaction is
appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance.
iBlocktrade will not be liable for any loss suffered by you in connection with any transaction involving digital
assets.
FINANCIAL REGULATION
Our business model, and our Service, consists of facilitating the buying, selling, sending and receiving of
digital assets which is an unregulated yet responsible, international open payment system. The Service provided is
currently unregulated within India.
EMAIL
Email messages sent over the Internet are not always secure and iBlocktrade is not responsible for any damages
incurred by the result of sending email messages over the Internet. It is recommended to submit sensitive
information by using the form provided in the URL https://www.iBlocktrade.com/contact where the information passes
under the security layer and is encrypted.
COMPLIANCE
You are solely responsible for ensuring that your use of the Services is in compliance with all laws, rules and
regulations applicable to you and the right to access the Services is automatically revoked where use of the
Services is prohibited or to the extent that the offering, sale or provision of the Services conflicts with any
law, rule or regulation applicable to you.
All users of the iBlocktrade Platform and any of its services acknowledge and declare that the source of their funds
come from a legitimate manner and are not derived from illegal activities. iBlocktrade maintains a stance of
cooperation with law enforcement authorities globally and will not hesitate to seize, freeze, terminate the user
account and user fiat which are flagged or investigated by legal mandate.
COMPLAINTS
If the user has any complaints, feedback or questions, the user shall contact us by using the form provided in the
URL https://www.iBlocktrade.com/contact and iBlocktrade shall make our best efforts to resolve the issue with
expediency. iBlocktrade shall not provide any support services to walk-in users.
DISPUTE, GOVERNING LAW AND JURISDICTION
This Agreement and the rights and obligations thereunder and the relations of the parties and all matters arising
under or in connection with this Terms of Use, including the construction, validity, performance or termination
thereunder shall be governed and construed in accordance with Indian laws. The parties agree to irrevocably submit
to the exclusive jurisdiction of the Courts in Noida(Uttar Pradesh) for the resolution of any disputes arising
from these Terms of Use. iBlocktrade may also consider Arbitration as the appropriate mechanism for dispute
resolution and arbitration proceedings shall be governed by Arbitration and Conciliation Act 1996 and rules framed
there under and any amendment, modification, statutory enactment thereto from time to time. All proceedings shall
be conducted in english language and any award or awards shall be rendered in english. The seat and venue of such
arbitration shall be Nodia (Uttar Pradesh) and no objection shall be entertained from any parties in this regard.
LIMITATION OF LIABILITY
Users of this website are responsible for their actions in connection with the use of the Website, Service, and
their Accounts. Users are also responsible for protecting access information to the Website including, but not
limited to, user names, passwords, and bank account details. iBlocktrade is not responsible for the outcome, whether
positive or negative, of any action performed by any of its users within or related to the Website. Some deposits
and withdrawal methods require iBlocktrade to use personal details of the user including, but not limited to, name,
address, email, phone number, and bank account number, IFSC code, etc. and you agree that iBlocktrade can use these
information to facilitate deposits and withdrawals.
The parties agree that in no event shall iBlocktrade or its affiliates, officers, directors, agents, employees, and
suppliers be liable for lost profits or any special, incidental or consequential damages arising out of or in
connection with the use of our Website, Service, or these Terms of Use. In case the applicable laws do not permit
the limitation or exclusion of damages as described above, our aggregate liability (including the liability of our
affiliates, officers, directors, agents, employees, and suppliers)in respect of claims based on events arising out
of or in connection with any single member’s use of the Website, whether in contract or tort or otherwise, shall
in no circumstances exceed the amount of the transaction(s) that are the subject of the claim less any amount of
commission that may be due and payable in respect of such transaction(s).
Please note that all Services provided through the iBlocktrade Platforms are only for domestic and private use. You
agree not to use the iBlocktrade Platforms for any commercial or business purposes without obtaining a legally valid
license to do so in accordance with these Terms.
Notwithstanding anything to the contrary, iBlocktrade shall not be obligated to make any payment or take any other
action under these Terms if it is believed to be in good faith that such action may constitute a violation, or
contribute to any violation, of any applicable law and iBlocktrade shall not be liable to you for any claims, losses,
or damages arising from our exercise of its right provided herein.
iBlocktrade will neither be liable for any loss caused to the User due to discontinuation of any crypto/digital asset
that is being offered through the iBlocktrade platform nor for any discontinuation, alteration, suspension or
termination of any part of the services offered at iBlocktrade Platform caused or occasioned by any Force Majeure
event or any change in applicable law with respect to crypto/digital assets.
iBlocktrade will not be liable for any breach of these Terms of Use, where the breach is due to abnormal and
unforeseeable circumstances beyond iBlocktrade’s control, the consequences of which would have been unavoidable
despite all effects to the contrary, nor is iBlocktrade liable where the breach is due to the application of
mandatory legal requirements.
INDEMNITY
To the full extent permitted by applicable law, you hereby agree to indemnify and hold harmless iBlocktrade, and its
affiliates, officers, directors, agents, employees, and suppliers against any action, liability, cost, claim,
loss, damage, proceeding or expense suffered or incurred direct or indirectly arising out of or resulting from
your use of the iBlocktrade platform or services offered by iBlocktrade platform, or from your violation of these Terms
of Use.
FORCE MAJEURE
iBlocktrade Services are offered only on the digital domain, which is subject to risks including offensive attacks.
iBlocktrade shall not be liable for any loss caused to the User’s account or the user fiat or crypto/digital asset
accrued therein if the same arises due to any Force Majeure event, including commissions or omissions by third
parties, forces of nature, offensive attacks on iBlocktrade servers or on the personal devices of the Users, changes
in applicable law, or any loss caused by conditions or events beyond the reasonable control of iBlocktrade.
The above limitation on liability includes any Force Majeure event set out hereunder including acts of god; fire,
act of terrorists, act of civil or military authorities, civil disturbance, war, strike or other labour dispute,
interruption in telecommunications or Internet services or network provider services, failure of equipment and/or
software, other catastrophe or any other occurrence which is beyond reasonable control of iBlocktrade; offensive
attacks including virus attack (You should use your own virus protection software), hacking, denial of service
attack or theft of the personal devices of the User resulting in loss to the account.
To the maximum extent permitted by law iBlocktrade shall not be liable for any loss caused to User due to a data
breach of confidential information of the User, including of the User account details or User password, including
when such breach has occurred due to the User sharing such details with third parties or due to the User’s failure
to follow reasonable due diligence. iBlocktrade shall also not be liable or responsible for losses caused due to any
disclosure by User of any User account details, including on account of a phishing attack or other third-party
disruption.
MODIFICATION TO THESE TERMS AND SERVICES
The Terms may be amended at any time by amending this page. Please check this page from time to time to take
notice of any changes made, as they are binding on you. Although you will be notified of any changes in advance
through your Account inbox. If you do not agree with any part of these Terms or any amendments made to these Terms
from time to time, please stop using the Online Platform and the Servicers with immediate effect. It has been
further bring to the kind notice that further continuation usage of the Website and Service following the posting
of a notice of changes to the Terms implified and deemed that you have accepted and agreed to such changes, and
that all subsequent transactions by you will be subject to the amended Terms of Use.
It may be done individually or generally without prior notice that the services shall be changed, modified,
limited, stopped or truncated; functionalities and features may be added or removed.
NOTICES
Unless these Terms of Use expressly state otherwise, a notice, consent, approval, waiver or other communication
(notice) in connection with this agreement must be in writing. A notice may be given by hand delivery, prepaid
post, or by electronic message to the recipient’s physical address or email address as advised from time to time.
A notice given under this clause will be deemed to be received:
1.if hand delivered, at the time of delivery;
2.if sent by prepaid post, three Business Days after the date of posting;
3.if sent by electronic message to
[email protected], when the sender receives an automated message confirming
delivery or eight business hours after the message has been sent (as recorded on the device from which the sender
sent the message) unless the sender receives an automated message that the electronic message was not delivered or
the sender knows or reasonably should know that there is a network failure and accordingly knows or suspects that
the electronic message was not delivered, unless a notice is received after 5.00 PM on a Business Day in the place
of receipt or at any time on a non Business Day, in which case, that notice is deemed to have been received at
10:30 AM on the next Business Day.
CONTACT US
If you have any questions relating to these Terms of Use, your rights and obligations arising from these Terms of
Use and/or your use of the Website and the Service, your Account, or any other matter please contact us at
[email protected]