Terms of Service
HOORAHTRADE GENERAL TERMS AND CONDITIONS
These HoorahTrade General Terms and Conditions ("Terms") govern the rights andobligations related to the use of services provided by ANICCA SERVICES LTD, as detailed below (the "Services"), primarily offered through www.hoorah.trade (the "Website"). Please review these Terms carefully. You are not obligated to use the Services if you do not agree with or understand any portion of these Terms, and you should not use the Services unless you understand and agree to these Terms.
1. PRELIMINARY PROVISIONS
1.1. These Terms govern your ("You", "Your", or the "Customer") rights and obligations regarding the use of Services provided by ANICCA SERVICES LTD, with its registered office at Georgiou, 78A, Flat/Office 27, Germasogeia 4048, Limassol, Cyprus, company registration number HE 354433 ("We", "Our", or the "Provider").
1.2. By creating an account on the Website or, where registration is not required, no later than your first use of the Services, you enter into a binding agreement with the Provider for the provision of your chosen Services. These Terms constitutean integral part of such agreement, and by entering into the agreement with the Provider, you expressly accept these Terms.
1.3. The Services are exclusively intended for individuals over 18 years of age residing in countries where the Services are available. Your registration on the Website confirms that you are over 18 years old. If you are under 18, you are prohibited from using the Services. You agree to access the Services only from jurisdictions where they are legally available. You acknowledge that access to and use of the Services may be restricted or prohibited by law in certain jurisdictions, and you commit to using the Services only in compliance with applicable laws.
1.4. The Provider shall not offer Services to Customers who: (i) are nationals of or reside in Restricted Jurisdictions; (ii) are established, incorporated, or maintain a registered office in Restricted Jurisdictions; (iii) are subject to relevant international sanctions; or (iv) have criminal records related to financial crime or terrorism. Restricted Jurisdictions are defined as countries designated as such by the Provider and published on the Website or within these Terms. The Provider maintains the right to deny, restrict, or terminate Services to any Customer under this Clause 1.4, and such Customers are prohibited from using the Services, including accessing the Client Account and/or Platform.
1.5. The Services comprise tools for SIMULATED foreign exchange trading on the FOREX market or SIMULATED trading with other instruments on financial markets, analytical tools, educational materials, Client Account access, and relatedauxiliary services, primarily through the Client Account or via applications provided by the Provider or third parties. While financial market information is utilized in simulated trading, you acknowledge that all trading performed through the Services is simulated. You understand that demo trading funds are fictitious, and you have no right to these fictitious funds beyond their use within the
Services. Specifically, these funds cannot be used for actual trading, and you are not entitled to receive payment of these funds. Unless explicitly agreed otherwise, you will neither receive compensation or profits based on simulated trading resultsnor be required to cover any losses.
1.6. NONE OF THE SERVICES PROVIDED BY THE PROVIDER CONSTITUTE INVESTMENT SERVICES UNDER APPLICABLE LAWS. THE PROVIDER DOES NOT OFFER ANY GUIDANCE, INSTRUCTIONS, OR INFORMATION REGARDING HOW TO CONDUCT TRANSACTIONS WHEN USING THE SERVICES OR OTHERWISE, NOR ANY OTHER SIMILAR INFORMATION ABOUT TRADED INVESTMENT INSTRUMENTS. THE PROVIDER DOES NOT ACCEPT SUCH GUIDANCE, INSTRUCTIONS, OR INFORMATION FROM YOU. NO SERVICES CONSTITUTE INVESTMENT ADVICE OR RECOMMENDATIONS. NO PROVIDER EMPLOYEES, STAFF, OR REPRESENTATIVES ARE AUTHORIZED TO PROVIDE INVESTMENT ADVICE OR RECOMMENDATIONS. IF ANY INFORMATION OR STATEMENT FROM ANY PROVIDER EMPLOYEE, STAFF, OR REPRESENTATIVE IS INTERPRETED AS INVESTMENT ADVICE OR RECOMMENDATIONS, THE PROVIDER EXPLICITLY DISCLAIMS SUCH INTERPRETATION AND SHALL NOT BE LIABLE FOR IT.
1.7. Your personal data is processed according to our Privacy Policy.
1.8. Definitions, expressions, and abbreviations used in these Terms are defined in Section 17.
2. SERVICES AND ORDERING
2.1. Services can be ordered through the Website by completing the appropriate registration or order form. Following registration, We will send you login credentials for the Client Account and/or Platform via email and grant access to these services ("Welcome Email").
2.2. Services include Free Monthly Trading Contests, HoorahTrade Challenge, and Verification products, which may vary in scope (e.g., available analytical tools). Free Monthly Trading Contests allow limited-time, free access to certain Services. Completing Free Monthly Trading Contests does not grant access to other Services.
2.3. All information provided through registration, order forms, Client Account, or otherwise must be complete, accurate, and current. You must promptly notify us of any changes or update your Client Account information. The Customer is responsible for maintaining accurate, current information; the Provider is not obligated to verify this information.
2.4. If you provide a tax identification number, business registration number, or similar information, or identify as a legal entity, you will be considered a business customer under these Terms, and consumer protection provisions will not apply to you.
2.5. HoorahTrade Challenge fees vary based on selected options, including Account Balance size, risk tolerance levels, performance parameters, and other configurations. Detailed information about options and fees is available on our Website. Final fees are determined by your selected options when ordering the HoorahTrade Challenge. The Provider may offer individually negotiated terms at its discretion. Individual discounts and benefits cannot be combined unless explicitly permitted by the Provider.
2.6. Fees cover access to the HoorahTrade Challenge and related Services. Fees are non-refundable, including cases where Customers cancel their Account, terminate Service use, fail to complete the Challenge or Verification, or violate these Terms.
2.7. If a Customer files an unjustified complaint about paid fees or disputes them with their payment provider (e.g., through chargebacks or disputes), the Provider may, at its discretion, suspend current Services and decline future service provision.
2.8. Your selected HoorahTrade Challenge options apply to subsequent Verification. Verification and related products will maintain the parameters and currency of your initial Challenge selection. Options cannot be changed after selection. These restrictions don't apply to new Challenge orders.
2.9. The Provider reserves the right to modify Service fees and parameters at any time. Changes don't affect Services purchased before notification.
2.10. Order form entries can be reviewed and corrected until final submission. Orders are placed by selecting your preferred phase on the Website. We will confirm orders via email. Free Monthly Trading Contest orders are completed uponemail confirmation. HoorahTrade Challenge orders are completed upon fee payment, establishing a contract for Challenge provision and, if conditions are met,Verification. Contracts are concluded in English and archived electronically without access provision.
2.11. You acknowledge that Service use requires appropriate technical equipment and software, including third-party applications, obtained at your own risk and expense. The Website is accessible through common web browsers. Internet access, equipment, browser purchases, and updates are your responsibility. The Provider doesn't guarantee Service compatibility with specific equipment or software and charges no additional connection fees.
2.12. You acknowledge that Platform operators are separate entities from the Provider, with their own terms and conditions and privacy policies governing their services. You must review these before ordering.
2.13. If a Customer places an unusually high volume of orders within a short timeframe, the Provider may issue a protective warning through the Client Account. If such behavior persists after warning, We may suspend further orders. If We determine this behavior involves Forbidden Trading Practices, We may take actions under Section 5. The Provider determines such behavior's nature and reasonable boundaries at its discretion.
2.14. All trading hours references are in Cyprus time (EET/EEST) using a 24-hour format. The Provider reserves the right to modify trading hours, with best-effort advance notification to Customers.
3. PAYMENT TERMS
3.1. HoorahTrade Challenge option fees are denominated in USD. Payment is accepted in other currencies listed on the Website. If you select a non-USD currency, the fee will be converted using our rates and displayed in your chosen currency before order confirmation. The Customer acknowledges that payments made in currencies other than their Website selection will be converted at current exchange rates.
3.2. Service charges include all applicable taxes. Business customers must fulfill their tax obligations according to applicable laws and pay any required taxes or fees properly.
3.3. You may pay Challenge option fees by payment card or other payment methods currently offered on the Website.
4. CLIENT ACCOUNT AND PLATFORM
4.1. Customers are limited to one Client Account, and all Services must be maintained within it.
4.2. Unless specifically exempted by the Provider, Account Balance amounts cannot be transferred between products or combined. Performance, Service parameters, data, and other information cannot be transferred or combined between products.
4.3. Client Account and Platform access requires protected login credentials, which must not be shared with third parties. Legal entity customers may authorize employees and representatives to use Services through their Account. Customers are responsible for all Account and Platform activity. The Provider isn't liable for Account, Platform, or Service misuse, nor for any resulting negative consequences if such misuse occurs due to Customer actions.
4.4. Services may be unavailable during maintenance, upgrades, or other reasons. The Provider isn't liable for Client Account or Platform unavailability or for data/content loss uploaded through the Client Section or Platform.
4.5. The Provider may reduce leverage levels during Events from standard ratios to10:1 for FX and Metals, starting 10 minutes before Events and ending 5 minutes after announcements ("Reduced Leverage Window"). Positions opened before the Window are affected by reduced leverage. The Provider may adjust leverage ratios for Events at its discretion, with 24-hour advance notice.
4.6. Customers may request Account cancellation by emailing support@hoorah.trade. This request terminates the contract, ending Service access rights. The Provider will confirm receipt by email, terminating the relationship. No fee refunds or cost reimbursements apply.
5. RULES OF DEMO TRADING
5.1. You agree that all demo trading activities conducted through the Services are for educational and entertainment purposes only. Demo trading funds are fictitious and hold no real-world monetary value.
5.2. Any results obtained during demo trading are not indicative of real trading performance. No warranties or guarantees of future performance are provided.
5.3. You must comply with all trading rules, including but not limited to those governing leverage, margin, and risk management. Failure to comply may result in suspension or termination of access to demo trading.
6. INTELLECTUAL PROPERTY RIGHTS
6.1. All intellectual property rights associated with the Website, Services, and all content, including software, designs, graphics, texts, images, logos, and other materials (collectively, "Content"), are owned by ANICCA SERVICES LTD or licensed to it.
6.2. You are granted a limited, non-exclusive, non-transferable license to access and use the Content for personal and non-commercial purposes, solely as necessary for your use of the Services in accordance with these Terms.
6.3. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, or sell any Content or information obtained from the Services without prior written consent from the Provider.
6.4. Any unauthorized use of the Website or Services will result in immediate termination of the license granted and may subject you to further legal action.
7. CONFIDENTIALITY
7.1. Both parties agree to maintain the confidentiality of all information designatedas confidential by the other party. Confidential information includes, but is not limited to, business practices, customer data, pricing, proprietary software, and technical details related to the Services.
7.2. The obligation of confidentiality does not apply to information that:
- Was known to the receiving party prior to disclosure;
- Becomes publicly available through no fault of the receiving party;
- Is disclosed pursuant to legal or regulatory requirements.
7.3. You agree to keep your login credentials confidential and to notify us immediately if you suspect unauthorized use of your account.
8. PROHIBITED ACTIVITIES
8.1. While using the Services, you agree not to engage in any of the following prohibited activities:
- Attempting to hack or bypass the security measures of the Website or Services;
- Using the Services for any illegal, fraudulent, or deceptive purposes;
- Sharing or selling your Client Account or login credentials;
- Engaging in behavior that violates applicable laws, regulations, or third-party rights;
- Manipulating simulated trading results for unlawful or misleading purposes.
8.2. Violating this clause may result in immediate termination of your account and Services, as well as potential legal consequences.
9. LIABILITY AND INDEMNITY
9.1. Limitation of Liability:
To the fullest extent permitted by law, the Provider is not liable for:
- Loss of profits, income, or data;
- Indirect, incidental, or consequential damages arising from the use or inability to use the Services;
- Unauthorized access to your account due to your failure to safeguard your credentials.
9.2. Indemnification:You agree to indemnify and hold harmless ANICCA SERVICES LTD, its affiliates, and employees from any claims, liabilities, damages, or expenses (including reasonable attorney’s fees) arising from:
- Your breach of these Terms;
- Your use or misuse of the Services;
- Violations of any law or third-party rights by you.
10. TERMINATION
10.1. The Provider may terminate your access to the Services at any time, without prior notice, for violations of these Terms or applicable laws.
10.2. Upon termination, you must cease all use of the Services and Content and delete any copies of materials obtained through the Services.
10.3. Termination of the Services does not entitle you to any fee refunds or reimbursement of costs.
11. FORCE MAJEURE
11.1. The Provider is not liable for delays or failure to perform any obligation under these Terms due to events beyond its reasonable control, including natural disasters, pandemics, government actions, strikes, internet outages, or acts of war.
12. GOVERNING LAW AND DISPUTE RESOLUTION
12.1. These Terms are governed by and construed in accordance with the laws of Cyprus.
12.2. Any disputes arising from or related to these Terms shall be resolved throughamicable negotiation. If unresolved, disputes shall be subject to the exclusive jurisdiction of the courts of Cyprus.
13. AMENDMENTS TO THESE TERMS
13.1. The Provider reserves the right to update or amend these Terms at its discretion. Changes will be communicated through the Website or other appropriate channels.
13.2. Continued use of the Services after changes are communicated constitutes acceptance of the updated Terms.
14. CUSTOMER SUPPORT
14.1. For questions, concerns, or complaints regarding the Services or these Terms, you can contact customer support at support@hoorah.trade.
14.2. Support hours and response times are listed on the Website and are subject to change.
15. SEVERABILITY
15.1. If any provision of these Terms is found to be invalid or unenforceable under applicable law, the remaining provisions shall remain in full force and effect.
16. ENTIRE AGREEMENT
16.1. These Terms, together with any additional agreements or policies referenced herein, constitute the entire agreement between you and ANICCA SERVICES LTD regarding the use of the Services.
16.2. In the event of any conflict between these Terms and additional agreements or policies, the provisions of these Terms shall prevail unless explicitly stated otherwise.
17. DEFINITIONS, EXPRESSIONS AND ABBREVIATIONS USED
17.1. For these Terms, the following definitions apply:
17.1.1. "Client Account" means the user interface located on the Website;
17.1.2. "Content" means the Website and all Services, including Client Section, appearance, applications, data, information, multimedia elements including texts, drawings, graphics, design, icons, images, audio and video samples, and other content comprising the Website and Services;
17.2. For these Terms and schedules, the following expressions and abbreviations apply:
17.2.1. "Calendar Day" means the period from midnight to midnight of the time currently valid in Cyprus;
17.2.2. "Initial Capital" means the fictitious amount selected by the Customer whenchoosing the HoorahTrade Challenge option for demo trading purposes.