Last Updated: Oct 15, 2024, 12:00 AM
These Terms of Service, presented by Pipstone - FZCO ("Company", "we", "our", or "Pipstone"), govern the use of services provided on the website pipstonecapital.com (the "Website"). These terms establish the legal responsibilities between Pipstone and any person or entity ("you", "Trader", "Customer", or "User") accessing our platform or purchasing our services. By using the Website and our services, you agree to comply with and be bound by these Terms of Service.
1. Eligibility
You must be at least 18 years old and legally permitted to use our services in your jurisdiction. Users in the following countries are prohibited from accessing Pipstone: Afghanistan, Cuba, Iran, Iraq, North Korea, Syria, Sudan, and any jurisdictions subject to sanctions or restrictions.
2. No Investment Advice
Pipstone does not provide investment services or advice. All activities conducted through our platform are for educational and evaluation purposes only and use simulated environments. Any communication from Pipstone should not be interpreted as financial or trading advice.
3. Simulated Trading Environment
All trading services provided by Pipstone are fully simulated. No real capital is traded. Payouts are issued as performance-based rewards derived from activity in simulated environments, not from actual financial markets.
4. Registration and Payments
By registering, you agree to provide accurate information and maintain the confidentiality of your account. All payments made are non-refundable. Service fees grant access to our platform, challenge programs, and related offerings.
5. Platform Access and Restrictions
Pipstone reserves the right to restrict access to the Website or services at its discretion. The use of VPNs or falsified residency to bypass geographic or compliance restrictions is strictly prohibited and will result in service termination.
6. Payouts and Profit Sharing
Traders eligible for payouts will be required to complete KYC verification. Our default profit split is 80/20 (Trader/Company), though this may vary based on promotions or customized offers. Payouts are based entirely on simulated performance.
7. Prohibited Behavior
Users must not:
· Engage in toxic, manipulative, or exploitative trading practices (e.g., latency arbitrage, news trading, HFT strategies)
· Use third-party accounts or pass challenges on behalf of others
· Upload false documents or submit fraudulent KYC information
· Harass, threaten, or misuse Pipstone or other users
8. Account Monitoring and Security
We monitor login activity, trading behavior, and IP addresses to prevent misuse. Accounts may be suspended or terminated if suspicious activity is detected or if Terms are violated.
9. KYC and Compliance
Users must complete KYC verification before receiving any payouts. This may include identity verification, tax forms, or additional documentation based on local and international regulations. Failure to comply will result in payment denial.
10. Affiliate Program
Pipstone offers a tiered affiliate program. Commission structure:
· Tier 1 (Starter): 10% commission for <25 referred users
· Tier 2 (Builder): 12.5% commission for 25–99 users
· Tier 3 (Elite): 15% commission for 100–249 users
· Tier 4 (Partner): 20% commission for 250+ users
Customers using an affiliate link receive a 5% discount on their purchase. All affiliate commissions are tracked through our internal system and are subject to verification and compliance review.
11. Limitation of Liability
We may terminate your access to our services without notice if you breach these Terms. You may also stop using our services at any time. Any fees paid are non-refundable.
12. Termination
We may terminate your access to our services without notice if you breach these Terms. You may also stop using our services at any time. Any fees paid are non-refundable.
13. Dispute Resolution
All disputes shall be governed by the laws of the United Arab Emirates. In the event of a dispute that cannot be resolved amicably, jurisdiction shall reside with the courts of Dubai.
14. Amendments
We reserve the right to modify these Terms at any time. Continued use of our services constitutes your acceptance of the revised Terms.
15. Contact
For any questions regarding these Terms, please contact us at support@pipstonecapital.com.