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  1. General conditions
    1. This Agreement is concluded between IQOPTION LTD with company number 24840 IBC 2018 and having its registered address at Hinds Building, Kingstown, St. Vincent and Grenadines (hereinafter “Company”) on the one part and the person (individual or legal entity), who has opened an affiliate account (hereinafter “Affiliate”) on the other part. 
    2. The Parties agree that the place of conclusion of this Agreement is the place of registration of the Company, namely St. Vincent and Grenadines.
  2. Restriction
    1. The Affiliate acknowledges and agrees that this Agreement cannot be concluded with a citizen of Bangladesh, Burkina Faso, Dominican Republic, Iran, North Korea, a resident of Latvia, or with a person who distributes the information about the services (including marketing materials) of the Company to the residents of Latvia. The Parties have defined "Restricted" person as a person who is a citizen of Bangladesh, Burkina Faso, Dominican Republic, Iran, North Korea, a resident of Latvia, or a person who distributes the information about the services (including marketing materials) of the Company to the residents of Latvia.
    2. If the Company identifies that the person who has concluded this Agreement as an Affiliate falls into the definition of the Restricted person mentioned in clause 2.1 above, the Company has the right to terminate this Agreement immediately without any obligations of paying any fees (including but not limited to the fees for already provided services) and/or damages to the Affiliate. The Agreement shall be considered as having been terminated from the moment of receiving the notification from the Company. With the acceptance of this Agreement, the Affiliate holds the Company harmless from any liability and/or indirect losses of the Affiliate and/or his subcontractors and/or the third parties involved by the Affiliate.
  3. The object of this Affiliate Agreement
    1. Affiliate undertakes to distribute information about services (including marketing materials) provided by the Company and companies of its group, and the Company undertakes to pay commission to the Affiliate in compliance with the terms, established in this Affiliate Agreement.
    2. A substantial provision of this Affiliate Agreement is the distribution of information by the Affiliate in compliance with the provision of this Affiliate Agreement and instructions, received from representatives of the Company.
  4. Account registration
    1. In order to register an account, the Affiliate fills out the registration form on the affiliate platform website affiliate.iqoption.com
    2. The Affiliate accepts the terms of this Agreement.
    3. In case the Affiliate is a legal entity, they should also provide the following documents to the Company for its registration by sending an email to kyc.affiliate+en@iqoption.com:
      1. certificate of incorporation;
      2. certificate of shareholders;
      3. certificate of directors;
      4. a recent certificate of incumbency listing (1, 2 and 3) can be accepted instead of the above;
      5. certificate of good standing (only applicable to corporations established more than 12 months ago);
      6. memorandum and articles of association;
      7. POA of a legal entity issued within the last 3 months - this period can be extended to 6 months maximum at the discretion of the Company;
      8. POI and POA (issued within the last 3 months) for all directors, beneficial owners, shareholders with a 10% share or more and authorized signatories of a legal entity.
  5. Payment procedure
    1. For the revenue share payment models, the commission is calculated based on one of the two remuneration offers chosen during the account registration: “50% of profit for all traders” or “40% of profit for each trader separately”. For the “50% of profit for all traders” offer, the commission is calculated as described in p. 5.2. For the “40% of profit for each trader separately” offer, the commission is calculated and credited to the Affiliate’s balance as follows:
         - After the deal is closed: 2.5% of the deal’s volume;
         - At the end of each day: the difference between 40% of the broker’s profit from the deals made by each attracted trader during the day and the commission already credited for such deals.
      The commission is payable only for the deals executed by the clients attracted by the Affiliate and profitable to the broker, and may not exceed 40% of the total amount of net deposits of each client. This applies to affiliates registered on April 10, 2019, and later.
    2. For affiliates registered before September 3, 2018, the commission is calculated and credited to the Affiliate’s balance as follows:
         - After the deal is closed: 2.5% of the deal’s volume;
         - At the end of each day: the difference between 50% of the broker’s profit from all the deals made by all attracted traders during the day and the commission already credited for such deals.
      The commission is payable only for the deals executed by the clients attracted by the Affiliate and profitable to the broker, and may not exceed 50% of the total amount of net deposits of clients.
    3. For affiliates registered from September 3, 2018, to April 09, 2019, the commission is calculated depending on the period passed since a trader registered an account so that the total revenue share percentage equals to: for the first month since the account registration - 70%, for the second month - 57%, for the third month - 50%, for the fourth month - 35%, for the fifth month - 20%, for the sixth and all subsequent months - 15%. In a case of inactivity which is defined by having less than 7 registrations and less than 4 FTDs for the last three months, the revenue share percentage is changed to the following: for the first month since the account registration - 70%, for the second month - 57%, for the third month - 45%, for the fourth month - 30%, for the fifth month - 15%, for the sixth to twelfth months - 10%, for all subsequent months - 5%.
    4. Notwithstanding the above, the Affiliates registered before September 3, 2018, and the Affiliates registered on April 10, 2019, and later who have chosen the “50% of profit for all traders” offer are subject to Standard and Advanced calculation rates. The Standard rate is the calculation rate described in p. 5.2. The Advanced rate is applied to the Affiliate account in a case of reaching 21 FTDs (first-time depositors) over a period of the last 30 days and changes the commission calculated and credited to the Affiliate’s balance for the traders attracted during the period Advanced rate is active to the following:
         - After the deal is closed: 2.5% of the deal’s volume;
         - At the end of each day: the difference between 50% of the broker’s profit from the deals made by each attracted trader during the day and the commission already credited for such deals.
      The Advanced rate eligibility check is performed daily for each Affiliate account. The Advanced rate applies to the Affiliate account for a period of 30 days and extends for every consecutive 30 days should the conditions of obtaining it continue to be met. Should the Affiliate fail to meet the conditions of obtaining the Advanced rate, the Affiliate account is switched back to the Standard rate until such conditions are met once again. The commission for traders attracted during the period Advanced Rate was active is calculated in accordance with the Advanced rate regardless of the current Affiliate’s calculation rate.
    5. For the CPA payment model, the commission is calculated for each attracted Unique Active Trader (as defined below) based on the Unique Active Trader’s country of residence, type of the registration device and/or other criteria in accordance with the Affiliate’s Price Set specified in the affiliate cabinet. For the avoidance of doubt, the Company may amend the Price Set at any time at its sole and absolute discretion. Such amendments shall have an immediate effect, shall not require the previous consent of the Affiliate, and the Affiliate shall be responsible to keep himself informed at all times for these amendments.
      1. In order for a user/trader to be designated as a Unique Active Trader, he must comply with all of the following:
        a) The user must have been referred by the Affiliate (Referred User);
        b) The Referred User has never applied to register, never registered before for and/or does not currently maintain a trading account with IQ Option (New User);
        c) The New User completed successfully his registration for an IQ Option trading account in accordance with the Terms & Conditions;
        d) The New User is not a Connected Person (as defined below);
        e) The New User made a first-time deposit of at least a minimum amount as specified by IQ Option from time to time (FTD), following the trading account registration;
        f) The New User is designated as an Active Trader if he accumulates enough value points under the Company’s software system by his Activities (as defined below) (System). The System filters certain activities and actions performed by a user through his trading account; such activities include but are not limited to trading, depositing, navigating the Platform, using trading indicators, watching tutorial videos, etc (Activities). Each Activity carries value points according to its nature and in combination with the performance frequency of an Activity; the System allocates such value points to the user and, when a user accumulates enough value points, the System automatically designates him as an Active Trader.
      2. For the avoidance of doubt, and notwithstanding any other provision contained herein, neither the Affiliate nor any other person associated (either directly and/or indirectly with the Affiliate) including any member of the Affiliate’s family, any legal person (of any form or manner) whether incorporated or not, whether directly or indirectly controlled, controlling or under common control with the Affiliate, shall be eligible to be treated as a Unique Active Trader (Connected Person). If any such person has been registered by the Affiliate under the Agreement, the Affiliate agrees and accepts that the Affiliate shall not be eligible to receive any commission or payment.
    6. The currency of the Affiliate account to be maintained with the Company shall be designated in USD and any Affiliate commission payouts shall be calculated and presented in USD. Payouts of Affiliate commissions shall be made by the Company to the Affiliate through any payment method indicated in the Affiliate’s account and/or by way of any type of instrument/currency of equivalent USD value upon conversion (Payment Method). For Payment Methods conducted in EUR, the exchange rate for the conversion is equal to the most recent EUR/USD reference rate made available by the European Central Bank at the time of processing the payment. The Company shall be able, upon its sole discretion and as it deems fit from time to time, to opt for any Payment Method for the settlement of any Affiliate commission/payout. The Affiliate shall provide the Company with all relevant details, banking or otherwise, for the purpose of effecting the Affiliate commission payouts (Payment Details). The Affiliate irrevocably accepts the use of any Payment Method by the Company and such acceptance is signified by the provision of relevant Payment Details. 
    7. The Affiliate acknowledges and accepts that the Company shall treat as accurate and true and shall fully rely on the Payment Details. Payments made by the Company to the Affiliate by way of any Payment Method and based on the Payment Details shall constitute full and unequivocal satisfaction of the obligations of the Company in terms of payment of any Affiliate commission/payouts. 
    8. Affiliate acknowledges, represents and warrants to the Company that all Payment Details made available from time to time, to the Company shall be accurate, correct and up-to-date and that it shall exclusively bear the responsibility to inform the Company in case of any changes that would affect any payments due hereunder.
    9. In order to receive a payment, the Affiliate has to have a verified account and no less than 5 active traders over the period of affiliation. The number of active traders can be seen in the General Stats section. For the revenue share payment models, an active trader is defined as a user who has conducted at least one transaction after making a deposit; for the CPA payment model, an active trader is defined as specified in p. 5.5.1. All accumulated funds on Affiliate’s balance will be remunerated on the next payment date after meeting the requirement of having at least 5 active affiliated traders on the account. The minimum payable commission amount is $10.
    10. Affiliate commission for unregulated traders is credited to the non-regulated balance; affiliate commission for regulated traders, registered on August 6, 2018, and later, is credited to the regulated balance; to be eligible for payments from the regulated balance, the Affiliate is required to verify account for EEA countries.
    11. The commission is paid twice a month.
      1. For the first half of the month – within 3 workdays after the 15th of each month;
      2. For the second half of the month – within the first 3 workdays of the next month.
    12. When the commission, as calculated in the manner as described in this Agreement, becomes payable, it shall be paid in the frequency specified above, either directly from the Company or by any third party on behalf of the Company, upon the Company’s discretion. A payment that is executed in any of the aforementioned ways shall discharge the Company of its obligations in relation to the payment of the commission.
    13. Notwithstanding any other provision of the Agreement, in the event that any activity in the Affiliate Account, or in any account which appears to be controlled or managed by the Affiliate is reasonably deemed suspicious in any way by the Company in its sole discretion, the Company may in its absolute discretion, delay payment of the commission to the Affiliate for up to one hundred and eighty (180) days in order to look into and verify the suspicious activity.

  6. Authority and liabilities of the Parties
    1. The Company bears no responsibility for the activity or inactivity of the Affiliate.
    2. The Company bears no responsibility for a failure to fulfill its obligations due to disruptions of communication lines, technical problems of the Internet service provider and/or other technical problems.
    3. The Affiliate is responsible for the safety of their passwords and payment information.
    4. The Affiliate guarantees that all their personal information provided to the Company is true, accurate and up to date.
    5. The Affiliate undertakes to provide the Company with a complete list of their traffic sources for the mandatory moderation procedure, undertakes to update this list in case of adding new traffic sources and guarantees to use only the traffic sources approved by the Company.
    6. The Affiliate guarantees that their actions in accordance with this Agreement do not violate laws, legal acts and other rules and regulations, applicable to the Affiliate or within the jurisdiction of the Affiliate.
    7. The Affiliate is responsible for the payment of taxes he is subject to in the state of his tax residency.
    8. The Company reserves the right to withhold an account verification for the regulated and/or non-regulated traffic without explanation.
  7. The Affiliate undertakes to:
    1. Provide colored scanned copies of an identity document and a residence verification document via e-mail kyc.affiliate+en@iqoption.com in a case when affiliate wishes to promote the Company for EU residents or upon receiving a request for provision of such documents from the Company. Residence verification documents are the following: a utility bill, a bank statement or a government correspondence. In case of non-provision of these documents, the Company reserves the right to suspend payments to the Affiliate until provision of necessary documents.
      1. In case the Affiliate is a legal entity, it should provide scan-copies of the documents mentioned in the Claim 4.3. of this Agreement via e-mail kyc.affiliate+en@iqoption.com. In case of non-provision of these documents, the Company also reserves the right to suspend payments to the Affiliate until provision of necessary documents.
    2. Notify the Company of any changes to their personal and/or financial information by sending an email to kyc.affiliate+en@iqoption.com.
    3. Provide true and accurate data.
    4. Provide exclusively true, accurate, clear and up to date information on his websites and in marketing advertisements/publications and other sources. 
    5. Not register and/or use a domain name that contains IQ Option brand name (including any derivatives and misspellings) or could mislead clients into believing that their website is the official IQ Option website, unless explicitly authorized by the Company.
    6. Clearly identify his website/blog for the visitor as an unofficial website of the IQ Option company. This is to be clearly indicated on the first screen of the home page in a font that is not smaller than the main font of the page.
    7. Use only the promotional materials provided in the personal account of the affiliate program for marketing purposes; regularly update them or replace with up to date ones upon request of representatives of the affiliate program.
    8. Use a warning about risks in case of describing potential profit to the client. A risk warning should be in bold, not obscured by its colour or tried to be hidden among pictures – a risk warning should be clearly legible to all clients and draw a reader’s eye to it. Moreover, a risk warning should be located not lower than legal/contact information.
    9. Equally describe advantages and drawbacks of the financial instrument.
    10. Not give guarantees or make promises on behalf of the Company.
    11. Indicate Company’s licenses exclusively as a fact, rather than in terms of approval of the Company’s activity.
    12. In case of comparison with another service/broker to use only true information and indicate reliable sources.
    13. In case of demonstration of the behavior of one of the assets and trading with it, indicate the precise time of such behavior and clearly define that the information belongs to the past and may not bring the same results in present or future.
    14. In case of using any information for forecasting future behavior of financial instruments base exclusively on verified information and warn users about the fact that such forecasts are not a reliable indicator and not a guarantee of profit.
    15. Produce marketing materials and information designed for users from the EU in compliance with requirements of the Cyprian regulator CySEC.
    16. To comply with the regulation of the respective representative of the Company in relation to the content of marketing materials and information;
    17. Free the Company of responsibility and/or sanctions applicable to the Company in relation to the failure of the Affiliate to fulfill his tax obligations.
    18. Not use any tactics that would encourage a prospective client to deposit or trade more than they plan to deposit or trade once the account is opened, in cases when the Affiliate has contact with prospective clients before opening an account. Any identification by the Company of the use of aggressive marketing by Affiliates may provide cause for the closure of that Affiliate's account.
  8. Official IQ Option Affiliate marketing guidelines
    1. Options, Forex and CFD trading is a regulated activity; as a consequence, all your promotional materials must be fair, not misleading, clear, and comply with these marketing rules.
      1. All statements must be balanced; therefore if you mention potential profits you must always also mention potential losses. When promoting IQ Option, do not promise that one can learn trading easily or profitably with IQ Option unless you are specifically referring to the demo account. Avoid using terms such as “win/make/earn money”, “start your trading career”, or “make an income”, as well as other similar terms.
      2. Affiliates are not allowed to publish materials or use phrases stating that trading is easy and exciting. Additionally, implying that trading leads to success, a change in lifestyle, financial freedom or any other unwarranted benefit is prohibited. Do not use any visual reference to money (cash, credit cards, notes and coins).
      3. Options, Forex and CFDs are complex products and are not suitable for everyone. Ensure your promotional materials do not imply that IQ Option’s products are easy to understand/use and accessible to everyone.
      4. Do not advertise IQ Option as “work from home”, “making easy/guaranteed money” or other unwarranted claims or misleading statements, as such promotion would not emphasize the high risk involved in trading options, Forex and CFDs, and would interfere with the integrity of IQ Option.
      5. Affiliates are only permitted to promote IQ Option via web pages, ad campaigns or other sources which have been reviewed and approved by IQ Option’s personal or compliance managers.
      6. IQ Option Europe Ltd. is authorized and regulated by the Cyprus Securities and Exchange Commission only. When promoting IQ Option, do not mislead potential clients and/or clients into believing that the company is authorized by any other regulatory body.
      7. When mentioning CySEC License for users, Affiliates have to ensure that this information is available only for European users. In case this information could be seen by others, the following has to be mentioned: IQ Option Europe Ltd. is registered at Cyprus, and is regulated by CySEC. IQOPTION LTD is registered at St. Vincent and Grenadines, this entity is not regulated.
      8. Do not advertise IQ Option on a website or a webpage that exclusively offers trading signals, social trading, copy-trading, auto-trading, robots, investment advice or portfolio management services.
      9. In case the Affiliate uses contact forms, comments sections, newsletters, live chats or any other form of direct and private communication between the Affiliate and a client/prospective client, the Affiliate undertakes the responsibility to act in good faith at all times and must not make any false or misleading statements with respect to the Company and/or the services provided by the Company and/or engage in any other practice which may go against the best interest of the client and may affect adversely the image and credibility of the Company.
      10. In a case when a Facebook or another social network page (including YouTube) is used for promotion, such social network pages can be accepted as a traffic source only if these pages are not promoting the Company directly but instead promote a website which is used as a traffic source itself. An exception can be made at the Company's discretion.
      11. Depending on countries where the majority of your traffic comes from, all promotions and invitations to open an account (registration links) must include the relevant Risk Warning. Ensure the RW is clearly readable, visible and of appropriate size.
        1. Non-regulated countries

          You can use a long Risk Warning in case it is visible on each screen of the page:
          General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
          Or you can use a short RW: 
          RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
          under each link or button to IQ Option together with a long Risk Warning at the end of the page or review.

        2. Regulated countries and mixed traffic

          Following Risk Warning must be used:
          CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

          Whenever Binary Options are mentioned, it should be clearly stated that IQ Option Europe Ltd. does not provide nor promote binary options to retail traders from Europe. 

          Additionally, following warning must be present: Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page. In case full warning cannot be added due to a limited amount of space, use the short one instead: Binary options are prohibited in EEA

      12. Do not refer to a bonus when mentioning IQ Option as the company does not offer bonuses.
      13. Whenever mentioning a potential profitability percentage (payout), you must always include an asterisk next to the percentage and add the following statement “*amount to be credited to the account for a successful trade”.
      14. Materials should not include information regarding strategies that indicates them as trading strategies (e.g. “the Martingale trading strategy”). Instead, if you use information based on strategies, you should call it a “trading pattern” and this material should contain the following risk disclaimer: “Your capital may be at risk. This material is not investment advice”.
      15. All videos must contain the following risk warning that is visible throughout the entire duration of the video: “RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”. If you are recording a trading session, do not use the word “strategy”, do not give investment advice and add an additional warning: “NOTE: THIS VIDEO IS NOT AN INVESTMENT ADVICE”.
      16. In a case when the Affiliate promotes the Company to citizens of Poland and/or publishes content in the Polish language, any sort of direct communication between the Affiliate and a Polish potential client is prohibited.
        1. The following practices are not tolerated for the Affiliate who is likely to target Polish citizens as they provide a mean for direct communication: cold e-mailing; use of live chat; use of registration systems or feedback forms where the Affiliate would obtain a potential client’s contact details; allowing prospective clients to contact the Affiliate through an e-mail address noted on the Affiliate's website; cold calling; any other method of direct communication.
      17. Leverage restrictions apply to European traders, which should be reflected in the marketing materials:
        • 30:1 for major currency pairs (i.e. currency pairs composed of any two of the following currencies: US dollar, Euro, Japanese yen, Pound sterling, Canadian dollar or Swiss franc);
        • 20:1 for non-major currency pairs, gold;
        • 10:1 for commodities other than gold;
        • from 20:1 to 5:1 for indices;
        • 5:1 for stocks and ETFs;
        • 2:1 for cryptocurrencies.
    2. Additionally, an affiliate is prohibited from:
      1. Using spam of any kind for attracting clients.
      2. Opening and/or accessing trade accounts (including without limitation of active users) and affiliate accounts from one IP-address and/or by his affiliate links, as well as allow/offer relatives, friends and other people he knows to register by his links or do so himself on their behalf.
      3. Attracting clients via private communication, i.e. private messages in social networks or messengers, personal emails, phone calls or face-to-face communication.
      4. In the case of doorways, it is forbidden to use persons' names and brand names of other companies as keywords. Unrelated to IQ Option traffic is prohibited. Doorways are accepted with approved pre-landings only. 
      5. Buying advertising using affiliate links. Search and display contextual advertising is allowed to be used only by promoting Affiliate’s own websites in accordance with all of the following criteria:
                - The website domain name must not include the IQ Option brand name, its derivatives, misspellings, or any other names that can be confused with the IQ Option brand name.
                - IQ Option brand queries must not be used: iq option/iqoption/iqoption. com/iqoption com/iq-option, as well as any derivatives or mistakenly spelled phrases. Besides that, it is prohibited to buy advertising for the word “option” together with the word “iq” in the language of the country of advertising. The list of negative keywords to be excluded from targeting can be found in the Negative keywords section.
                - The website must contain the relevant content of its own and not copy the content from the IQ Option landing pages.
                An Affiliate found in violation of brand bidding rules becomes subject to the penalty charges. The first detection of the prohibited activity will lead to a removal of all registrations made in the past week and all subsequent days until the ad is deleted, and deduction of the commission credited for these registrations. This applies to all the Affiliate’s accounts if they have more than one. The second detection of the prohibited activity will lead to a removal of all registrations made in the past two weeks and all subsequent days until the ad is deleted, and deduction of the commission credited for these registrations. After the third violation, all registrations for the past 30 days and the following days until the ad is deleted will be removed, and the commission credited for these registrations as well as an additional $1000 will be deducted from the Affiliate’s balance. The fourth detection will result in a lifelong ban and immediate termination of all the Affiliate’s accounts. The use of the IQ Option brand name is allowed in the ad text only. Should the Company have reasonable grounds to believe that the Affiliate intentionally keeps violating these rules after receiving a warning at least once, all of the accounts of such an Affiliate are subject to immediate termination.
      6. Сomparing IQ Option with other brands in the ad text or unjustifiably showing other brands in a bad light, as well as any other unauthorized use of any third-party copyrights or trademarks. The brands from the brand names list have to be added to the negative keywords.
      7. Attracting traffic from countries prohibited by the Company and conducting marketing activity in the prohibited regions. We accept traffic from all the countries, excluding Afghanistan, Albania, Australia, Belgium, Canada, Iran, Israel, Japan, Latvia, North Korea, Palestine, Russia, Sudan, Syria, and the USA.
        1. Advertising Binary Options and Digital Options in the following countries: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the UK.
      8. Offering clients to register by your affiliate link for compensation or for any kind of profit. For the CPA payment model, any motivated and/or incentive traffic is not subject to payments.
      9. Publishing false information in order to attract more clients or misleading clients.
      10. In the case of Facebook, it is forbidden to use fraudulent schemes when buying advertising on the company's brand. Purchasing ads for pages that may appear to the user as IQ Option pages is prohibited. Creating and maintaining these pages is considered a violation. The only permitted way to work with Facebook is to keep a page of your own resource that is not similar to the resources of the IQ Option, and purchase advertisements for this resource.
      11. Allowing in any way, any referred user, prospective client, and/or active user to access the Company’s platform from the same IP-address and vice-versa.
      12. Buying ads targeting Switzerland in Google Ads and Facebook Ads.
  9. Agreement Termination and Block of Affiliate Account
    1. In the event that the Company has reasonable suspicion to believe and/or in case of detection of violation of rules and/or guidelines specified by this Agreement, as well as in case of any indications of fraud when conducting financial transactions after the attracted client has made a deposit, the Company reserves the right to cancel this transaction and suspend the flow of funds on the Affiliate’s account. In this case, the accrued Affiliate commission shall be annulled and not payable to Affiliate. The Company reserves the right to block Affiliate’s account in case of misuse and for the reasons described in this clause 9, the effect of which would be the termination of the business relationship with the Affiliate under this agreement.
    2. The Affiliate understands and accepts that upon termination of this Agreement and/or block of an Affiliate account: 
      1. The Affiliate shall immediately and without undue delay stop sending traffic and/or providing the services in relation to this agreement, as the case may be; 
      2. Any Affiliate links used for the purposes of this agreement shall be disabled and shall not be operative; 
      3. Such termination or block shall subject to any other provisions of the Agreement, be without prejudice to any outstanding or accrued obligations the Affiliate has vis-à-vis the Company; 
      4. Any authorization or powers of attorney or any rights granted by the Company to the Affiliate shall be automatically terminated and withdrawn; 
      5. Any authorization or powers of attorney or any rights granted by the Affiliate to any client/user shall be automatically terminated; 
      6. All and any active user of the Company which was referred by the Affiliate, in the sole discretion of the Company, remain as registered clients of the Company, irrespective of the termination of this agreement and/or block of the Affiliate account; 
      7. It shall immediately return to the Company all documents, brochures, all reports and any other material in the Affiliate’s possession including but not limited to the registered domain names and/or any other information relating to the services provided by Affiliate under this agreement.
  10. Confidential & Personal Data
    1. For the purposes of this section, the following definitions shall apply:
      1. Data Protection Legislation: the applicable legislation with regards to the protection of personal data and the General Data Protection Regulation ((EU) 2016/679) (“GDPR”), any other directly applicable European Union regulation relating to privacy and/or the Data Protection Act (DPA) and any other local legislation of St. Vincent and Grenadines, as applicable.
      2. Personal data, or personal information, means any information about an individual from which that person can be identified. It does not include data where the identity has been removed (known as “anonymous data”).
    2. Affiliate hereby undertakes and confirms to the Company that it shall at all times:
      1. Comply with its obligations under applicable Data Protection Legislation with respect to any processing of Personal Data that will be undertaken within the context of this Agreement;
      2. At its own expense, ensure that it complies with and provides any assistance that may be required to the Company to comply with the requirements of Data Protection Legislation and regulatory requirements in force from time to time relating to the use of personal data, including, without limitation, (a) the GDPR, and (b) any national implementing laws, regulations and secondary legislations. 
    3. The Company has the right, without prior notice to the Affiliate, to disclose and/or consent to the disclosure of personal data, including without limitation to the data provided hereunder, any data connected to confidential information and/or details of the transactions of the Affiliate (i) in order to comply with the requirements of the regulatory authorities of St. Vincent and Grenadines and/or Cyprus (as it may be applicable) and/or (ii) to banks and other financial institutions, to its auditors/consultants, companies belonging to the group of companies the Company belongs to, the Company’s affiliated companies, and/or to any other company which may be directly or indirectly controlled by the Company, for the purpose of facilitating the performance of this agreement, provided that they are informed and committed to the confidentiality of the information communicated. All the Affiliate’s personal data shall be processed in strict compliance with the provisions of the Data Protection Legislation.
    4. The Company will handle all personal data provided under this Agreement, according to the relevant laws and regulations for the protection of personal data.
    5. The Company, through the involvement of another legal entity, collects and processes personal data of natural person connected with the Affiliates, including without limitation to the data requested under paragraphs 4.3, 4.4 and 7.1 hereof, solely for the purposes of this Agreement and of the requirement of applicable laws and/or regulations. The Affiliate hereby represents and warrants, and the Company hereby relies on such representations and warranties, that the consent of any natural person (directors, ultimate beneficial owners, shareholders and/or authorized signatories of an Affiliate being a legal entity) of whose personal data has been submitted to the Company, has been freely provided and that any such natural person is well informed and consents to the disclosure provisions of paragraph 10.4 of this Agreement.
    6. Subject to paragraph 10.2, the Parties agree to keep confidential and not to disclose to any third party any confidential information given by the other Party under this Agreement including without limitation the information to be provided under paragraphs 4.3, 4.4 and 7.1 of this Agreement and/or all communication, documentation or other information exchanged between them, both during the term of the Agreement as well as after its termination.
    7. The Affiliate acknowledges and accepts that it/she/he has read and accepted the Privacy Policy which can be found on the Company’s website. For the purposes of this paragraph, the term Client in the Privacy Policy shall be read to include the term Affiliate.
  11. The Company has the right to change, add, rename or leave unchanged any section, paragraphs and subparagraphs of this Agreement without prior notice to the Client about such changes. In case of violation of any of the Affiliate’s obligation in accordance with this Affiliate Agreement, as well as if the Company makes a decision on the inexpediency of continuing further cooperation with the Affiliate according to the Affiliate Agreement, the Company has the right to terminate the Affiliate Agreement and to notify the Affiliate immediately about it in any way without compensation of losses and without making any payments, including payments for distributing information about the Company.
    1. In some cases, upon the Company’s decision, the Company can pay the Affiliate's profit even after unilateral termination of the Affiliate Agreement with such Affiliate.
  12. Assignment
    1. The Company may at any time assign, subcontract, delegate, sub-license or deal in any other manner in whole or in part the Agreement or any of its rights or obligations hereunder determined.
    2. Affiliate shall not assign, transfer, mortgage, charge, subcontract, delegate, declare a trust over or deal in any other manner with any of its rights and obligations under this agreement, without the prior written consent of the Company.
  13. Arbitration
    1. Claims for lost revenues will not be considered;
    2. The Company does not compensate for moral damages;
    3. All claims are to be sent via affiliate@iqoption.com e-mail address.
    4. Time of consideration of claims is 15 working days or less;
    5. In case a dispute is not specified in this Agreement the Company makes the decision based on relevant practice;
    6. The Agreement and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with it or its subject matter or formation shall be governed by, and construed in accordance with, the laws of St. Vincent and the Grenadines.
    7. Any dispute, controversy or claim arising out of or relating to the Agreement, or the breach, termination or invalidity thereof, shall be settled by arbitration in accordance with the laws of arbitration of St. Vincent and the Grenadines, as amended from time to time, and the provisions of which are deemed to be incorporated herein by reference. The decision of St. Vincent and the Grenadines arbitration shall be binding upon both parties. If the parties fail to agree on the appointment of an arbitrator within 7 clear days, then the competent appointing authority of St. Vincent and the Grenadines shall appoint the arbitrator.
      1. The number of arbitrators shall be one.
      2. The seat, or legal place, of arbitration shall be the City of Kingstown.
      3. The language to be used in the arbitral proceedings shall be English.
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