SnipeXTrade ("the Platform") is a custodial trading service. By depositing funds you are transferring custody of those funds to SnipeXTrade, and you are relying on SnipeXTrade to maintain accurate records of your balance and to honor withdrawal requests in accordance with these Terms and the Risk Disclaimer.
Your account balance is an internal record maintained by SnipeXTrade. It does not represent a specific, segregated, on-chain allocation of funds held on your behalf unless explicitly stated otherwise.
Trades you open on the Platform are executed bilaterally between you and SnipeXTrade at a quoted price, and SnipeXTrade is the counterparty to those trades. The exception is AlgoBot: trades placed automatically by AlgoBot are routed to the Binance exchange, and SnipeXTrade is not the counterparty to them.
Withdrawal requests are subject to manual review. SnipeXTrade may request additional identity verification (KYC) for withdrawals above [$10,000] or where fraud is suspected. SnipeXTrade aims to process withdrawal requests within [24 hours] but does not guarantee a specific processing time.
SnipeXTrade may freeze an account, restrict trading, or restrict withdrawals where it reasonably suspects fraud, violation of these Terms, money laundering, or a legal or regulatory obligation to do so. [Insert process for user notification and appeal.]
Trading involves risk of loss. SnipeXTrade does not guarantee profits and is not liable for trading losses arising from normal use of the Platform.
[List spread, withdrawal fee, overnight/financing fee, and any other fees, matching what's actually charged in the code — e.g. current withdrawal fee and spread percentage.]
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SnipeXTrade may update these Terms from time to time. [Insert notice process.]