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Affiliation Agreement

Your consent to the terms of this agreement ("Agreement") with Plus500 Ltd. ("Company", "We" or "Us") is signified by clicking the box entitled "I have read and agreed to the Affiliation Agreement" in our Program Participation Form.

IF YOU DO NOT WISH TO ACCEPT ALL THE TERMS AND CONDITIONS OF THIS AGREEMENT, THEN DO NOT PROMOTE THE SITE.

1. Definitions

1.1. Account: The uniquely assigned account that is created for each Trader when it completes an account application at any of the Company's Sites and is approved by the Company.
1.2. Affiliate: A person or entity that received confirmation from the Company, at the Company's sole discretion, that it has successfully completed the Program Participation Form, that it is included in the Program and that it has received a Tracker ID linked to the Site(s) in accordance with the terms of this Agreement.
1.3. Affiliate Fee: The amount payable to the Affiliate due to the (i) Compensation Plan, and/or (ii) the Referred-Affiliate fee and/or (iii) the Sub-Affiliate fee (as applicable), based solely and exclusively on the Company's data and calculations as specified in the Report.
1.4. Affiliate Section: The area of the Site(s) where each Affiliate may review the Report, register Referred-Affiliates, update their profile, create additional Tracker IDs, select Banners and Text Link and other additional functions. The Company reserves the right to add and/or remove any tools from the Affiliate Section at any time, at its sole and absolute discretion.
1.5. Banner and Text Link: Any means of graphics, pictures, animation, artwork or text that an Affiliate uses to promote the Program and/or to hyperlink Traders from Affiliate's website to the Site(s).
1.6. Bonus: Such incentives awarded or given to Traders from time to time to encourage their activity as a Trader.
1.7. Compensation Plan: CPA Plan, Revenue Sharing Plan or Hybrid Plan.
1.8. Company Marks: means Trademarks, trade names, service names, Banners and Text Links, marketing tools, logos of the Company and its suppliers placed on the Trading Platform or otherwise used with respect to the Trading Platform or the Site(s) by the Company and all similar proprietary rights, together with all translations, adaptations, derivations and combinations thereof, all applications, registrations and renewals in connection therewith, and all rights to corporate names, metatags and universal resource locators owned or used by the Company, including without limitation the "Plus500" and any other mark as may be used by the Company, from time to time.
1.9. CPA Plan: An Affiliate compensation plan where Affiliate shall be receive its Affiliate Fee according to the number of Qualified Traders referred by it to the Site(s) and the Affiliate Fee as shall be specified on the Affiliate Section, as updated from time to time at the Company's sole and absolute discretion. For example, if an Affiliate is entitled to receive $100 per Qualified Trader, and Affiliate referred 10 Traders in a certain month, 8 of which are Qualified Traders, Affiliate shall be entitled to receive consideration for such month 8*100 = US$800.
1.10.1. CySEC Rules: The Cyprus Securities and Exchange Commission rules, directives, regulations and circulars (Licence No. 250/14).
1.10.2. FCA Rules: The Financial Conduct Authority rules under the Financial Services Act 2012 (FRN 509909).
1.10.3. ASIC Rules: The Australian Securities and Investments Commission rules AFSL #417727.
1.11. Fraud Traffic: Any deposits, Gross Revenue or traffic generated at the Site(s) through illegal means or in bad faith to defraud the Company, regardless of whether or not it actually causes harm to the Company. Fraud Traffic includes, but is not limited to, Spam, false advertising, deposits generated by stolen credit cards, collusion, manipulation of the service, system, bonuses or promotions, offers to share the Affiliate Fee directly or indirectly with Traders, and any other unauthorized use of any third party accounts, copyrights or trademarks.
1.12. Gross Revenue: The aggregate Spreads actually received by the Group from each Trader solely as a result of activity by the Trader on the Trading Platform, less any Bonuses given to the Trader, charge backs, or any un-collectable revenue attributable to the Trader. For illustration purpose only, in the event a Trader executed during a calendar month a total of 5 transactions, and from each transaction the Company actually collected and was paid a Spread equal to US$1, US$2, US$4, US$6 and US$7, respectively, and during such calendar month the Company gave such Trader a $5 Bonus, the Gross Revenue of such Trader during such calendar month shall be (1+2+4+6+7-5) = US$15.
1.13. Group: The Company and any other company owned by the Company.
1.14. Hybrid Plan: An Affiliate compensation plan where the Affiliate shall receive its Affiliate Fee according to the number of Qualified Traders referred by it to the Site(s)("Hybrid CPA Part") plus a certain percentage of the Gross Revenue attributed to such Affiliate ("Hybrid Revenue Share Part"). The Affiliate Fee pursuant to the Hybrid Plan shall be specified on the Affiliate Section, as updated from time to time at the Company's sole and absolute discretion. For example, if an Affiliate is entitled to receive $50 per Qualified Trader under the Hybrid CPA Part and 18% for Gross Revenue under the Hybrid Revenue Share Part, and in a certain month such Affiliate referred 10 trades, 8 of which are Qualified Traders, and the 10 traders generated a total of US$15,000 Gross Revenue in such month, Affiliate shall be entitled to receive for such month as Affiliate Fee: (8*50) + (18%*15,000) =US$400+US$2700= US$ 3,100.
1.15. Mailers: Any material used by an Affiliate in order to promote any activity related to the Company or the Site(s) sent by e-mail.
1.16. Marketing Material: Any material used by an Affiliate in order to promote any activity related to the Company or the Site(s), including Banners, Text Links and any other promotional material that an Affiliate subsequently uses or develops to refer or hyperlink Traders from the Affiliate's website to the Site(s). For the avoidance of doubt, Affiliate is not entitled to send Mailers.
1.17. Non-Active Affiliate: Any Affiliate generating less than twelve (12) new Qualified Traders, directly or via Referred-Affiliates and/or Sub-Affiliates, during any consecutive twelve (12) months period.
1.18. Program: Company's affiliate program located at www.500affiliates.com.
1.19. Program Participation Form: A registration form located at the Site for the participation in the Program.
1.20. Qualified Trader: A human user who was directed by an Affiliate and identified by a Tracker ID assigned to such Affiliate or identified by entering a sign up bonus code assigned to such Affiliate; provided that: (i) such Affiliate is confirmed by Company as included in the Program and is linked to the Site(s) in accordance with this Agreement, (ii) such user has been approved by the Company and has made a minimum real money deposit of at least US$50, or such other minimum amount as shall be specified by the Program from time to time, (iii) with respect to the CPA Plan and the Hybrid CPA part, the Company has collected from such user Spreads in an amount of at least US$40, or such other amount as shall be specified by the Program from time to time, and (iv) such user is not already registered to the Site(s) under a different name or through a different identity. It is hereby clarified that neither an Affiliate nor any of its Affiliated Parties are eligible to become Qualified Traders under such Affiliate's Tracker ID(s), and should Affiliate or any of its affiliated parties do so register, Affiliate will not be eligible to receive the applicable commission or any other compensation whatsoever. For the purposes hereof, the term "Affiliated Party" shall mean any of the following: (i) any member of Affiliate's immediate family; (ii) any individual, corporation, partnership, joint venture, trust, and any other body corporate or unincorporated organization, directly or indirectly controlling, controlled by or under common control with Affiliate.
1.21. Referred-Affiliate: Any person or entity which an Affiliate referred to this Program for the purpose of such person or entity joining the Program, and such person or entity was approved by the Company to participate in the Program as an Affiliate. Report: Information regarding the Affiliate Fees, Trader tracking and other information relevant to the Affiliate provided by the Company to the Affiliate in the Affiliate Section.
1.22. Revenue Sharing Plan: An Affiliate compensation plan where the Affiliate Fee payable to Affiliate is calculated as a percentage of the Gross Revenue attributed to such Affiliate. For example, if an Affiliate is entitled to receive 25% for Gross Revenue from US$10,001 up to US$20,000, and in a certain month such Affiliate referred such number of Qualified Traders which generated a total of US$15,000 Gross Revenue in such month, Affiliate shall be entitled to receive consideration for such month 25%*15,000 =US$3,750.
1.23. Site(s): www.plus500.com and any other website as may be added by the Company or by the Group, in its sole and absolute discretion, from time to time.
1.24. Spam or Unsolicited Promotions: Any emails, Mailers or any other messages that are circulated by Affiliate, directly or indirectly, including messages that are posted on social media networks, newsgroups, forums, chat boards and other types of online media and which: (i) are directed at third parties who have not consented in writing in advance to receiving promotional messages from such Affiliate; (ii) contain false or misleading statements;(iii) do not truthfully identify the source or the originating IP Address from which it was sent; or (iv) do not provide the recipient with an option to easily be removed from receiving future mailings or promotions.
1.25. Spread: The difference between the Buy price and the Sell price of a certain instrument at the time the Trader opens a position on the Trading Platform.
1.26. Sub-Affiliate: Any person or entity which Affiliate referred to this Program as a sub-Affiliate, and such entity or person was approved by the Company, for which Affiliate will determine and instruct the Company which portion of its Affiliate Fee shall be due to such sub- Affiliate in lieu of payment of such fees to such Affiliate.
1.27. Tracker(s) ID: The unique Tracking ID, which is related to the Tracker URL or sign up bonus codes that the Company provides exclusively to the affiliate, through which the Company tracks and calculates Affiliate Fee.
1.28. Tracking URL: A unique hyperlink to the Site(s) enabling an Affiliate to refer potential Traders to the Site(s), and enables Company to identify the Affiliate that has referred such specific Trader for the purpose of calculating the Affiliate Fee.
1.29. Trademarks: All trademarks (registered and unregistered), service marks and logos displayed on the Site(s).
1.30. Trader(s): Any user of the Trading Platform.
1.31. Trading Platform: The Company's technology dedicated for online trading, allowing participants to trade online either for fun or for real money, and including the Company's billing, support, retention and promotion services and activities.


2. Affiliate Program

2.1. Participation. In order to participate in the Program an applicant must submit a Program Participation Form, which may be rejected by the Company at its sole discretion. The Company shall evaluate each Program Participation Form and shall inform each applicant whether the Company approves such Program Participation Form, pursuant to which the applicant will become an Affiliate.
2.2. Appointment of Affiliate.
2.2.1. Upon the Company's approval of Affiliate's Program Participation Form and by the acceptance of this Agreement, the Company grants Affiliate the non-exclusive and non-transferable right to direct potential Traders, Qualified Traders and Referred-Affiliates to the Site(s), subject to the terms and conditions of this Agreement.
2.2.2. This Agreement does not grant Affiliate an exclusive right or privilege to assist the Company in the provision of services arising from Affiliate's referrals, and the Company intends to contract with and obtain the assistance of other Affiliates to perform services of the same or similar nature as those provided by the Affiliate. Affiliate shall have no claims to fees originated from Traders and/or Qualified Traders and/or Referred-Affiliates not referred solely by it.
2.3. Compensation Plan.
2.3.1. Subject to any applicable regulation and the Company's approval, the applicant shall choose a Compensation Plan on the Program Participation Form. An Affiliate may not change the elected Compensation Plan.
2.3.2. The Company may change an Affiliate's Compensation Plan, at any time and at its sole and absolute discretion, by sending such Affiliate a notice to such effect by e-mail. In the event Affiliate does not agree to such change, it shall notify the Company by return e-mail within three (3) days of receiving such notice from the Company, and the Agreement shall terminate immediately. In the event Affiliate does not notify the Company within three (3) days from the notice, it shall be deemed as an approval by the Affiliate to such change in the Compensation Plan. It is hereby clarified that Affiliate will continue to receive payment with respect to Traders identified by a Tracker ID prior to the date of any such change in the Compensation Plan, in accordance with the applicable Compensation Plan at the date such Traders registered to the Site(s).
2.4. Referred–Affiliates. Subject to the Company's prior written approval, Affiliates may refer third parties, that are not and were not registered as Affiliates, as Referred–Affiliates. As a precondition to the registration of a Referred–Affiliate, such Referred-Affiliate shall be required to declare on the Program Participation Form the identity of the referring Affiliate, and shall only be entitled to name one such Affiliate. In the event that the Company shall, in its sole discretion, accept such Referred-Affiliate, such acceptance shall be included in the Report.
2.5. Costs and Expenses. The Affiliate shall bear all costs and expenses of any nature whatsoever incurred in connection with this Agreement. Under no circumstances shall the Company be liable hereunder for any amounts other than the Affiliate Fee.


3. Tracking; Payment

3.1. Affiliate Fee. The Affiliate Fee shall be calculated as follows:
3.1.1. Revenue Sharing Plan: The Affiliate Fee shall be that percentage of the Gross Revenue of the Qualified Traders referred by and tracked to such Affiliate. The percentage shall be specified on the Affiliate Section as updated from time to time at the Company's sole and absolute discretion.
3.1.2. CPA Plan: The Affiliate Fee for each Qualified Trader referred by an Affiliate to the Site(s) shall be specified on the Affiliate Section, as updated from time to time at the Company's sole and absolute discretion.
3.1.3. Hybrid Plan: The Affiliate Fee for each Qualified Trader referred by an Affiliate to the Site(s) and that percentage of the Gross Revenue of the Qualified Traders referred by and tracked to such Affiliate, shall be specified on the Affiliate Section, as updated from time to time at the Company's sole and absolute discretion.
3.1.4. Referred-Affiliate Fee. The Affiliate Fee for each Referred-Affiliate shall equal to that percentage – as specified on the Affiliate Section, from time to time, of the Gross Revenue earned by the Company generated by Traders carrying the Referred-Affiliate Tracker ID.
3.1.5. Sub-Affiliate Fee. The Company shall pay each Sub-Affiliate its fees in accordance with the instructions provided by Affiliate to the Company.
3.2. Tracking and Payment. The Company shall track Traders' activity for the purpose of calculating the Affiliate Fee and such information shall be available to the Affiliate in the Affiliate Section. The Affiliate Fee shall be paid on a monthly basis in accordance with the information set forth in the Report.
3.3. Time of Payment. Affiliate Fee will be payable within fifteen (15) days after the end of each calendar month, except that, in no event will the Company pay to an Affiliate an amount which is less than US$150, and in the event that the Affiliate's balance at the end of a calendar month is less than US$150, such balance shall be carried over and added to the next month's Affiliate Fee. In the event that the balance amount carried over does not total US$150 within six (6) consecutive calendar months, then the amount due will be voided and cancelled, and the Company may terminate this Agreement with no liability whatsoever to Affiliate.
3.4. Method of Payment. Affiliate Fees by the Company shall be made in any currency and method as may be determined by Company, in accordance with the Company's policy and subject to applicable law. Charges for wires or courier charges for checks will be covered by Affiliate and deducted from the Affiliate Fee.
3.5. COMPENSATION FOR QUALIFIED TRADERS ONLY. IN ADDITION TO ANY OTHER TERMS AND CONDITIONS SET FORTH ANYWHERE IN THIS AGREEMENT OR UNDER APPLICABLE LAW, AFFILIATE SHALL NOT BE ENTITLED TO RECEIVE ANY AFFILIATE FEE FOR ANY TRADER UNLESS AND UNTIL SUCH TRADER HAS BEEN APPROVED AND QUALIFIED BY THE COMPANY AS A QUALIFIED TRADER. FOR THE REMOVAL OF ANY DOUBT IT IS HEREBY CLARIFIED THAT THE COMPANY RESERVES THE RIGHT, AT ITS SOLE AND ABSOLUTE DISCRETION, TO CHANGE, MODIFY, ADD OR REMOVE, AT ANY TIME, ANY CRITERIA APPLYING TO ANY OF THE COMPENSATION PLANS, INCLUDING WITHOUT LIMITATION, SETTING ANY BASELINE, THRESHOLD, MINIMUM DEPOSITS/EARNINGS AND/OR OTHER REQUIREMENT(S) FOR QUALIFYING INTO ANY OF THE COMPENSATION PLANS AND/OR FOR RECEIVING ANY AFFILIATE FEE SET FORTH HEREUNDER.
3.6. Trader Verification. Affiliate Fee in relation to new Qualified Traders will be made only following Company's verification and checks concerning all new Traders in accordance to the requirements of any applicable law and the Company's internal verification process.
3.7. ENTITLEMENT TO AFFILIATE FEES. NOTWITHSTANDING ANYTHING TO THE CONTRARY, AFFILIATE (WHETHER UNDER THE REVENUE SHARE PLAN, THE CPA PLAN OR THE HYBRID PLAN) SHALL BE NO LONGER ENTITLED TO RECEIVE AFFILIATE FEE: (i) PER ANY TRADER, AND/OR SUB-AFFILIATE FOLLOWING TWELVE (12) MONTHS FROM THE DATE SUCH TRADER AND/OR SUB AFFILIATE REGISTERED TO THE SITE, AND (ii) PER ANY REFERRED-AFFILIATE FOLLOWING THIRTY SIX (36) MONTHS FROM THE DATE ON WHICH SUCH REFERRED-AFFILIATE REGISTERED TO THE SITE.
3.8. Non Active Account. It is hereby clarified that notwithstanding the forgoing, a Non- Active Affiliate shall not be entitled to receive any Affiliation Fee from the Company.
3.9. Holdover for Non-Compliance. Notwithstanding the forgoing, the Company may, at its sole and exclusive discretion, withhold, delay or deny payment of the Affiliate Fee in any of the following events: (i) the Company has reason to believe that the Affiliate's activity is not in compliance with any applicable law, including, without limitation to, the CySEC Rules, FCA Rules, ASIC Rules and IL Rules; (ii) the Company has reason to believe that the Affiliate's activity is in breach of this Agreement; (iii) the Affiliate has failed to complete any form as may be required by the Company or has completed misleading or incorrect information in a form provided by Affiliate to the Company; (iv) the Affiliate has failed to provide any document as may be demanded by the Company; and/ or (v) the Company has been notified by any third party of the alleged infringement of property or rights (e.g. intellectual property rights) by the Affiliate or by the Affiliate's activity. Affiliate hereby irrevocably waives any claim or demand against the Company, its directors, officers, shareholders, employees or against the Site(s) in respect of such action taken by Company.
3.10. Holdover for Fraud Traffic. Notwithstanding the forgoing, in the event that any activity in Affiliate's account, or in any account which appears to be controlled or managed by the Affiliate, is deemed suspicious by the Company at its sole determination, the Company may at its own discretion delay payment of the Affiliate Fee to the Affiliate for up to one hundred and eighty (180) days in order to verify the relevant transactions. In the event that the Company determines the activity constitutes Fraud Traffic, the Company shall recalculate or withhold the Affiliate Fee accordingly and in its sole discretion. Without derogating from the forgoing in Section ‎3.10 above, it is hereby clarified that in any event that the Company determines that Affiliate is involved, whether directly or indirectly, in any fraudulent, deceptive, manipulative or otherwise illegal activity connected to the Company, including without limitation to the Site(s), Account(s), Bonus(es), Qualified Trader(s), Sub–Affiliate(s) and/or Referred–Affiliate(s) the Company shall have the right, in addition to any other right or remedy available to it under this Agreement or applicable law, to render the Tracking URLs assigned to such Affiliate inoperative, and immediately block Affiliate's access to the Program, with no compensation to Affiliate. Affiliate hereby irrevocably waives any claim or demand against the Group, its directors, officers, shareholders, employees or against the Site(s) in respect of such action taken by Company.
3.11. Trader Tracking. Affiliate represents that it is aware and agrees that upon signing up as a Trader, each Traders must link through a Tracking URL or enter a sign up bonus code provided to it by the Affiliate to enable the Affiliate (and Sub-Affiliates, if applicable) to receive Affiliate Fee in relation to such potential Trader(s). In no event shall the Company be liable, and Affiliate specifically waives any claim or demand for failure of Affiliate, Referred Affiliate, Sub-Affiliates or any Trader to use the Affiliate's Tracking URL or for any potential Traders' failure to properly enter a sign up bonus code.
3.12. Disputes. Deposit of payment check, acceptance of payment transfer or acceptance of other payment by Affiliate will be deemed full and final settlement of Affiliate Fee due for the calendar month indicated. Hence, if Affiliate disagrees with the Reports or amount payable, Affiliate should NOT accept payment for such amount and immediately send the Company a written notice of its dispute. Dispute notices must be received by the Company within thirty (30) days of the end of each calendar month for which payment is made, or Affiliate's right to dispute such Report or payment will be deemed waived and Affiliate shall have no claims in such regard.
3.13. Tax. It is Affiliate's sole responsibility to comply with any tax laws that apply to Affiliate Fee, and Affiliate consents that to the extent required by applicable law and regulations, Company may provide information regarding Affiliate's Fee to any government agency.


4. Additional Terms of Participation in the Program

4.1. Provision of Information. Provision of Information. Affiliate shall provide true and complete information to the Company at all times, as may be requested by the Company from time to time. The Affiliate acknowledges that it is aware that prior to receiving any Affiliate Fee, the Affiliate must provide the Company with all information as may be requested by the Company, including any information required pursuant to the FCA Rules and/ or CySEC Rules and/ or Asic Rules and/ or IL Rules. Such information shall include, but is not limited to, the following:
4.1.1. For an Individual: (1) copy of a valid photo identification card; (2) name; (3) identity number; (4) date of birth; (5) nationality; (6) address of residence; (7) contact information; (8) location and nature of marketing activities; (9) VAT registration or other tax reference; (10) bank details for commission remittances, including: name on bank account, bank account number and sort code or IBAN, Bank name and address.
4.1.2. For a Company: (1) registration name; (2) company ID; (3) country of registration; (4) registered office address in the country of registration; (5) copy of Affiliate's certificate of incorporation; (6) business address if different than registered office; (7) VAT registration or other sales tax reference; (8) regulatory/licensing registration number, if applicable; (9) names of directors/partners; (10) copy of a valid photo identification card of the main executive director and/ or partner including name, address and date of birth; (11) copy of a valid photo identification card and details of beneficial owner(s) including name, address and date of birth; and (12) bank details for commission remittances, including: name on bank account, bank account number and sort code or IBAN, bank name and address.
4.2. Marketing Materials.
4.2.1. Affiliate's Marketing Materials shall comply with the guidelines located at the Affiliate Section referred to as Affiliate Marketing Rules tab in the Affiliate's account and the restrictions set forth in Section ‎4.3 herein.
4.2.2. Prior to the Affiliate's use or amendment of any Marketing Materials, the Affiliate shall submit a sample to the Company for its review and approval. Affiliates shall not be allowed to alter any of the Marketing Material provided by the Company. The Marketing Material may be used by the Affiliate only upon receiving the explicit written approval by the Company, which may be denied at the Company's sole and exclusive discretion. In the event such approval is granted, the Affiliate agrees and hereby does assign and transfer to the Company, its successors, assignees, or nominees, all of Affiliate's right, title and interest to the materials created and made by (or for) the Affiliate.
4.2.3. In the event that the Affiliate makes use of any Marketing Material not approved by the Company, the Company shall have the right, in addition to any other right or remedy available to it under this Agreement or applicable law, to render the Tracking URLs assigned to such Affiliate inoperative, and immediately block Affiliate's access to the Program and deny any Affiliate Fee, with no compensation to Affiliate. Affiliate hereby irrevocably waives any claim or demand against the Group, its directors, officers, shareholders, employees or against the Site(s) in respect of such action taken by Company.
4.3. Restrictions. All Affiliate activities must be professional, proper and in full compliance with applicable laws, including, with limitation, the CySEC Rules, FCA Rules, ASIC Rules and the IL Rules, and the Affiliate will be solely responsible for the content and manner of its activities. An Affiliate and its website, to the extent the Affiliate operates through a website, may not be engaged, directly or indirectly, in conduct that the Company, at its sole discretion, deems to be illegal, improper, unfair or otherwise adverse to the operation or reputation of any of the Site(s) or detrimental to other users of the Site(s), including without limitation, directly or indirectly: (a) operation of an illegal business, site or subscription email list; (b) engaging in any illegal activity of any type, including but not limited to displaying illegal content on the Affiliate's website or in the Affiliate's subscription emails or offering any illegal good or service through the Affiliate's website or subscription emails; (c) operation of a website that contains or promotes content that is libelous, defamatory, obscene, abusive, violent, bigoted, hate-oriented, illegal, pornographic, related to gambling or link to a website that does so; (d) engaging in indiscriminate or unsolicited commercial advertising emails; (e) placing links to any of the Sites in Spam or Unsolicited Promotions, banner networks, counters, guest books, IRC channels or through similar Internet resources; (f) causing or enabling any transactions to be made that are not in good faith, including among others by means of any device, program, robot, hidden frames and redirects, and "bogus" traffic (in each case without derogating from other remedies Company may have in law, equity or otherwise); (g) establishing or causing to be established, without the prior written consent of an authorized officer of Company, any promotion that provides any rewards, points or compensation for and any other activity that Company deems at its sole discretion to be of similar nature, or that allows third parties to place links to the Site(s); (h) diluting, blurring or tarnishing the value of Trademarks; (i) unauthorized use of any third party's intellectual property (including,but not limited to, trademarks); or (j) offer any trader, whether directly or indirectly, any kind of rake back deal; (k) sending Mailers; or (l) completing any account opening questionnaire on behalf of any potential Traders, Qualified Traders and Referred-Affiliates. The Company shall have the right, in addition to any other right or remedy available to it under this Agreement or applicable law, to render the Tracking URLs assigned to such Affiliate violating the restriction herein as inoperative, and immediately block the Affiliate's access to the Program, with no compensation to such Affiliate. Affiliate hereby irrevocably waives any claim or demand against the Group, its directors, officers, shareholders, employees or against the Site(s) in respect of such action taken by Company.
4.4. Age.
4.4.1. In order to participate in the Program, Affiliate must be of 18 years or older.
4.4.2. Affiliate may not actively target marketing to any persons who is under the age of 18 years old, or under the age of majority in the territory where the Affiliate is operating, if older.
4.5. Forbidden Countries.
4.5.1. Affiliate may only target marketing to citizens or residents of the countries outlined in the following link, as may be updated from time to time.
4.5.2. Any Affiliate interested in target marketing to a person who is a citizen or resident of any country not listed herein must receive the Company's prior written approval.
4.6 Representations and Warranties. The Affiliate represents and warrants the following:
4.6.1 That it is independent of the Company and its subsidiaries and shall have no authority to bind the Company and its subsidiaries in any way unless specifically contemplated herein or agreed between the parties in writing;
4.6.2 It will not make any representation or statement or warranty concerning the Company and its subsidiaries except as authorised by the Company or as provided in this Agreement;
4.6.3 It shall not make any misrepresentations regarding the Company and its subsidiaries, their services and licenses;
4.6.4 It shall not in any way represent that the Company and its subsidiaries guarantee or will guarantee their client against loss when receiving services from the Company or its subsidiaries;
4.6.5 It shall not be placing orders on behalf of the Company’s subsidiaries Clients;
4.6.6 It shall not accept nor hold any Client Money;
4.6.7 It is not in any way prohibited from acting as Affiliates;
4.6.8 It shall disclose to the Company promptly any complaint, regulatory investigation, or disciplinary action or any other development that may have a material impact on the Affiliate’s ability to provide the services hereunder in accordance with with applicable laws, including, with limitation, the CySEC Rules, FCA Rules, ASIC Rules and the IL Rules.


5. No Competitive Marketing

It is hereby clarified that Affiliate shall not be entitled to market to potential Traders (i) on any internet site or social network on which Group promotes any of the Site(s) (e.g. Facebook.com, Twitter.com, Plus.google.com, Youtube.com, etc.); (ii) on any internet search engine on which the Group promotes any of the Site(s) (e.g. Google.com, Bing .com, etc.) ; (iii) in any other manner which results in the Affiliate's competing with the Group in relation to the promotion of Site(s), including but not limited to the promotion of your website(s) through other Affiliates; (iv) any other online software, application, or other platform enabling online trading similar to and/or competitive with the Trading Platform; (v) by using the Company's Marks (or any variation or combination thereof) in the Affiliate's domain name (e.g. "Plus", "500", "Plus500", "500Plus" etc.) . In the event that Affiliate is in breach of the foregoing provisions, Company reserves the right to render the Tracking URLs assigned to Affiliate inoperative and Affiliate shall have no claims against the Group, its directors, officers, shareholders or employees in respect of such action taken by the Company.


6. Links; Trademarks and Logos; Data Ownership

6.1. Subject to the terms of this Agreement, Company grants to Affiliate, a nonexclusive, non-transferable, non-assignable, non-sublicensable limited license to display on such Affiliate's website the Marketing Material provided by the Company to the Affiliate for the sole purpose of providing a link from such Affiliate's website, which website has been confirmed by Company as included in the Program, to the homepage of the Site (but no other page). Unless otherwise approved in advance in writing by Company, Affiliate may not promote, whether directly or indirectly, any of the Company Marks. No framing of any webpage of any of the Site(s) is permitted.
6.2. Affiliate, and anyone on Affiliate's behalf, shall not assert the invalidity, unenforceability, or contest the ownership of any of the Company Marks in any action or proceeding of whatever kind or nature, and shall not take any action that may prejudice the Company's rights in the Company Marks, render the same generic, or otherwise weaken their validity or diminish their associated goodwill.
6.3. Except as explicitly permitted herein, nothing in this Agreement or on any of the Site(s), should be construed as granting, by implication, estoppel or otherwise, any license or right to use any Company Marks.
6.4. All Traders shall be considered as customers of Company only. The Company shall be the sole and exclusive owner of the database of names and contact information and any other data of all Traders, including Traders identified by a Tracker ID. Affiliate may not contact a Trader without receiving the Company's written approval for such contact. If in the Company's opinion Affiliate either tries to or does make contact with a Trader without the Company's written approval, the Company shall be entitled to immediately terminate this Agreement and to withhold all commissions owed to Affiliate at such time. Further, in the event that the Affiliate was provided by the Company with written approval to contact or correspond with a Trader, and thereafter the Company deems that such contact or correspondence is against the interests of Company, the Company shall have the right to revoke the approval previously granted, to terminate this Agreement and to withhold all commissions owing to Affiliate at such time. Affiliate further agrees that Company may access information from or about visitors to Affiliate's website, and may use such information for any purpose.


7. Limitation of Liability

IN NO EVENT SHALL THE COMPANY, ITS SUBSIDIARIES, OFFICERS, DIRECTORS, EMPLOYEES OR SUPPLIERS BE LIABLE FOR LOST PROFITS OR DATA, OR ANY SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH THE SITE(S), GROUP'S SERVICES, THE TRADING PLATFORM, OR THIS AGREEMENT (HOWEVER ARISING, INCLUDING NEGLIGENCE), AND INCLUDING WITHOUT LIMITATION AS A RESULT OF ANY FAILURE OR MALFUNCTION OF ANY SOFTWARE, HARDWARE, COMMUNICATION TECHNOLOGY OR OTHER SYSTEM. COMPANY'S LIABILITY, AND THE LIABILITY OF COMPANY'S SUBSIDIARIES, OFFICERS, DIRECTORS, EMPLOYEES AND SUPPLIERS TO AFFILIATE OR ANY THIRD PARTY(IES) IN ANY CIRCUMSTANCE IS LIMITED TO THE GREATER OF (A) THE AMOUNT OF THE FEES PAID BY COMPANY TO AFFILIATE IN THE TWELVE (12) MONTHS PRIOR TO THE ACTION GIVING RISE TO LIABILITY, OR (B) US$100.


8. No Warranties; Indemnification

8.1. TO THE FULLEST EXTENT PERMITTED UNDER APPLICABLE LAW, NOTWITHSTANDING ANYTHING TO THE CONTRARY, COMPANY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ALL IMPLIED WARRANTIES OF NON- INFRINGEMENT, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO THE PROGRAM, THE SITE(S), LINKS IN THE SITE(S), OR THE SITE(S) BEING ACCESSIBLE OR FREE OF ERRORS, VIRUSES OR SECURITY THREATS.
8.2. Affiliate agrees to indemnify, defend and hold harmless the Group, its directors, officers, employees, service providers and suppliers from and against any and all liability, claims, costs, expenses, injuries and losses, including reasonable attorneys' fees and costs, arising directly or indirectly in connection with Affiliate's operations or website or out of any disputes between Affiliate and any other party relating to this Agreement, the Site(S), the Affiliates activity or to services provided by Company. Company may deduct such amounts to indemnify the Group, its directors, officers, employees, service providers and suppliers for any claims, arising or resulting from or relating, the matters brought forth in this Section 8.2 from any outstanding Affiliate Fee due to the Affiliate and held by the Company and/or any other funds whatsoever due to the Affiliate and held by the Company.


9. Independent Investigation

AFFILIATE ACKNOWLEDGES THAT THE AFFILIATE HAS READ THIS AGREEMENT AND AGREES TO ALL ITS TERMS AND CONDITIONS. AFFILIATE UNDERSTANDS THAT THE COMPANY MAY AT ANY TIME (DIRECTLY OR INDIRECTLY) SOLICIT CUSTOMER REFERRALS ON TERMS THAT MAY DIFFER FROM THOSE CONTAINED IN THIS AGREEMENT OR OPERATE OR CONTRACT WITH WEB SITES THAT ARE SIMILAR TO OR COMPETE WITH AFFILIATE'S WEB SITE. AFFILIATE HAS INDEPENDENTLY EVALUATED THE DESIRABILITY OF PARTICIPATING IN THIS AFFILIATION PROGRAM AND IS NOT RELYING ON ANY REPRESENTATION, GUARANTEE, OR STATEMENT OTHER THAN AS SET FORTH IN THIS AGREEMENT.


10. Termination

10.1. This Agreement will take effect when Affiliate indicates its acceptance of this Agreement on the enrollment form and shall continue until terminated in accordance with the terms hereof.
10.2. Company may terminate this Agreement at any time, with or without cause, by giving Affiliate a seven (7) day prior written notice by email (or by posting a notice on the Site(s) by Company if Company terminates this Agreement with all of its Affiliates), except if Affiliate violated any of the terms of this Agreement, in which case termination will be effective immediately. Affiliate may terminate this Agreement at any time, with or without cause, by giving the Company a seven (7) days prior written notice (such written notice may be provided by facsimile or email).
10.3. Upon termination of this Agreement, Affiliate shall no longer be entitled to receive payment with respect to any new Traders; however Company's obligation to pay Affiliates under the Revenue Sharing Plan or the Hybrid Plan Revenue Share part, included in the Hybrid Plan, the Affiliate Fee, shall survive with respect to Traders identified by a Tracker ID prior to the date of any such termination, for as long as Company receives Revenues from such Traders, but no longer than six (6) months following the termination of this Agreement, except if Affiliate violated any of the terms of this Agreement, in which case this Section ‎10.3shall not apply and Affiliate shall no longer be entitled to receive any payments from the Company whatsoever.
10.4. Upon termination of this Agreement for any reason, Affiliate will immediately cease use of, and remove from Affiliate's website, all Company Marks, Banners and Text Links to the Site(s). Any domain which contains any of Company Marks shall be immediately transferred to Company, at Affiliate's cost, upon termination of this agreement with Affiliate for whatsoever reason. Affiliate shall pay Company US$1,000 for each day such domain is not transferred to Company. Sections 1, 4, 5, 6, 7, 8, 10 and 11 of this Agreement shall survive such termination, and the enforceability of the terms and conditions of this Agreement as they related to acts and omissions during the period before such termination, shall survive such termination.


11. Miscellaneous

Company and Affiliate are independent contractors, and nothing in this Agreement creates any partnership, joint venture or agency relationship between them, grants to Affiliate authority to make any representation on Company's behalf or make public any information regarding Company, or prohibits Company from operating websites that are similar to or compete with Affiliate's website. Affiliate declares that by accepting this Agreement it consent to, the Company sending, and it receiving, by means of telephone, facsimile, SMS or e-mail, communications containing newsletters, notifications and any other content of a commercial nature relating to the Site(s) and related services. Affiliate acknowledges that Company does not have to obtain Affiliate's prior consent (whether written or oral) before sending such communications to Affiliate, provided that Company shall immediately cease to send any such further communications should Affiliate notify Company in writing that Affiliate does not wish to receive such content anymore. This Agreement comprises the entire agreement between Affiliate and Company, supersedes all prior oral and written agreements pertaining to this Agreement's subject matter, and applies in addition to any other term or condition of the Site(s) (such as Company Privacy Policy), unless expressly provided otherwise in this Agreement. Company may modify any of the terms of this Agreement (including without limitation the terms of the Affiliate Fees) at any time(s) and in its sole discretion, upon posting notice on the Site(s). Affiliate's sole remedy if such modification is not acceptable to it, is to terminate this Agreement. This Agreement shall be governed by the laws of the State of Israel without giving effect to its conflict of law principles. Affiliate agrees to submit to the sole and exclusive jurisdiction and venue of the applicable courts in Tel-Aviv, Israel for any dispute arising from or relating to this Agreement. If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be construed, as nearly as possible, to reflect the original provision and the other provisions remain in full force and effect. A party's failure to exercise or enforce any right or provision of this Agreement shall not constitute a waiver of such right or provision. The section titles in this Agreement are used solely for convenience and may not be used in the interpretation of this Agreement. This Agreement and Affiliate's obligations may not be assigned by Affiliate, by operation of law or otherwise. Company may assign this Agreement to any party at any time.