VectaMarkets

VectaMarkets Terms of Use

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These Terms of Use (“Terms”, “Terms of Use” or “Agreement”) govern your access to and use of the VectaMarkets platform, website, applications, products, services and related technology (collectively, the “Platform”).

The Platform is operated by Vecta Global Ltd. (“Vecta Global”, “VectaMarkets”, “we”, “us” or “our”), a company incorporated under the laws of the Federal Republic of Nigeria.

By creating an account, accessing the Platform, placing an order, purchasing or selling a contract, depositing funds, withdrawing funds, or otherwise using any part of the Platform, you acknowledge that you have read, understood and agreed to be bound by these Terms and any policies incorporated into them.

If you do not agree to these Terms, you must not access or use the Platform.

1.Definitions

For purposes of these Terms:

“Account” means a registered account created by a User to access the Platform.

“Available Balance” means the portion of a User's account balance that is available for trading, withdrawal or other permitted transactions.

“Contract” means a digital event-based contract made available through the Platform that represents a User's position on a specified outcome of an underlying event.

“Event” means the real-world occurrence or circumstance to which a Market relates.

“Market” means an event-based market created and made available on the Platform, containing a defined question, possible outcomes, trading parameters and resolution criteria.

“Market Rules” means the rules, specifications, resolution criteria and other conditions applicable to a particular Market.

“Order” means an instruction submitted by a User to acquire, dispose of, or otherwise transact in relation to a Contract.

“Platform” means the VectaMarkets website, mobile applications, APIs, interfaces, technology, services and associated infrastructure operated by Vecta Global.

“Resolution” means the official determination of the outcome of a Market in accordance with its Market Rules.

“User”, “you” or “your” means any person or legal entity that accesses or uses the Platform.

“Winning Contract” means a Contract that is determined to correspond to the outcome established at Resolution.

2.About VectaMarkets

VectaMarkets is an event-based contract platform that enables eligible Users to participate in markets relating to objectively verifiable real-world events.

The Platform is designed to allow Users to express views on potential outcomes by acquiring or disposing of Contracts associated with those outcomes.

Each Market is governed by its applicable Market Rules, including the question presented, available outcomes, closing conditions, resolution methodology and source or sources used to determine the outcome.

VectaMarkets may offer Markets relating to different categories of events, including economic, political, technological, business, sporting, entertainment and other publicly verifiable events, subject to applicable law and Platform policies.

VectaMarkets does not guarantee that any particular Market or category will remain available.

3.Eligibility

You may use the Platform only if:

  1. you are legally capable of entering into a binding agreement;
  2. you satisfy the minimum age requirement applicable to your jurisdiction;
  3. you are not prohibited from using the Platform under applicable law;
  4. the use of the Platform is lawful in your jurisdiction;
  5. all information you provide to us is accurate, complete and current; and
  6. you comply with these Terms and all applicable laws and regulations.

VectaMarkets may establish additional eligibility requirements for particular products, Markets, jurisdictions or account types.

We may refuse access to any person where we reasonably believe that permitting such access may violate applicable law, regulatory requirements, risk controls or these Terms.

4.Restricted Jurisdictions and Persons

The Platform may not be available to persons located in, ordinarily resident in, incorporated in, or otherwise subject to the laws of certain jurisdictions.

VectaMarkets may impose geographic restrictions based on applicable law, regulatory requirements, sanctions, payment-provider requirements, risk considerations or internal policies.

You are responsible for determining whether your use of the Platform is lawful in your jurisdiction.

You must not access the Platform through a VPN, proxy, false location, false identity or other method designed to circumvent geographic, eligibility or account restrictions.

VectaMarkets may suspend or terminate an Account where it reasonably believes that the User has circumvented a geographic or eligibility restriction.

5.Account Registration

Certain Platform features require you to create an Account.

When creating an Account, you agree to provide accurate, complete and current information.

You must promptly update information that becomes inaccurate or incomplete.

You may not:

  • create an Account using another person's identity;
  • create an Account for another person without authorization;
  • create multiple Accounts for the purpose of circumventing Platform restrictions;
  • impersonate another person or entity;
  • provide fraudulent or misleading information; or
  • allow another person to use your Account.

VectaMarkets may require additional information or verification before permitting access to certain services.

6.Account Security

You are responsible for maintaining the confidentiality and security of your Account credentials.

You must immediately notify VectaMarkets if you believe that:

  • your password or authentication credentials have been compromised;
  • your Account has been accessed without authorization;
  • a transaction occurred that you did not authorize; or
  • your Account has otherwise been compromised.

You are responsible for activity conducted through your Account to the extent permitted by applicable law, except where such activity resulted directly from VectaMarkets' failure to apply reasonable security measures.

VectaMarkets may require additional authentication or temporarily restrict an Account where we reasonably suspect unauthorized access, fraud or security risks.

7.Identity Verification and Compliance

VectaMarkets may conduct identity, age, source-of-funds, fraud, sanctions, anti-money-laundering, counter-terrorist-financing and other compliance checks where required or considered appropriate.

You agree to provide accurate information and reasonable documentation when requested.

We may use third-party service providers to perform verification, screening, fraud detection, payment processing or related compliance functions.

Failure to complete a required verification process may result in restrictions on deposits, withdrawals, trading or other Platform functionality.

Where required by law, we may retain relevant records and disclose information to competent authorities.

8.Markets

Each Market is governed by its specific Market Rules.

Before participating in a Market, you are responsible for reviewing:

  • the Market question;
  • available outcomes;
  • trading period;
  • closing time;
  • resolution criteria;
  • resolution source or sources;
  • applicable fees;
  • any special conditions; and
  • any other information presented by VectaMarkets.

The Market Rules form part of these Terms.

If there is an inconsistency between these general Terms and specific Market Rules, the specific Market Rules will generally govern the relevant Market to the extent of the inconsistency, unless otherwise stated by VectaMarkets.

9.Contracts

A Contract represents a User's position in relation to a specified outcome of a Market.

Unless otherwise stated in the applicable Market Rules, a winning Contract may have a stated settlement value of ₦1.00 (one Nigerian Naira) per Contract.

The applicable settlement value, if different, will be displayed in the relevant Market.

Contracts are not ownership interests in Vecta Global, VectaMarkets, any underlying company, asset or event.

Unless expressly stated otherwise, Contracts do not constitute:

  • shares;
  • equity interests;
  • ownership rights;
  • debt instruments;
  • deposits;
  • membership interests;
  • voting rights; or
  • ownership of any underlying asset.

The legal and economic characteristics of a particular Contract are determined by its Market Rules and applicable law.

Added

Where a Contract is bought with a dollar balance under section 20A (Dollar Trading), a winning Contract has a settlement value of US$1.00 (one United States dollar) per Contract, paid into that dollar balance.

10.Orders and Trades

Users may submit Orders through the Platform in accordance with the functionality made available by VectaMarkets.

An Order may be subject to:

  • available liquidity;
  • Market limits;
  • User limits;
  • price limits;
  • exposure limits;
  • account restrictions;
  • technical conditions; and
  • other risk controls.

Submitting an Order does not necessarily guarantee that the Order will be executed.

An Order may be rejected, partially executed, cancelled or otherwise restricted in accordance with the applicable Platform rules.

Once an Order has been executed, it may generally not be reversed solely because the User subsequently changes their mind.

VectaMarkets may cancel or reverse a transaction where reasonably necessary to correct an obvious technical error, unauthorized transaction, fraudulent activity, system malfunction, manifest pricing error, violation of Market Rules or applicable law.

11.Pricing

Prices displayed on the Platform represent the current pricing or indicative value associated with Contracts and may change rapidly.

Market prices may reflect information, expectations, demand, supply, available liquidity and other factors.

VectaMarkets does not represent or warrant that any displayed price is an objective probability of an event occurring.

Prices may differ from prices available on other platforms.

You are solely responsible for evaluating information before submitting an Order.

12.VectaMarkets as Platform Operator and Counterparty

Unless otherwise expressly stated for a particular Market or product, VectaMarkets may act as the counterparty, principal, bookkeeper or other transaction participant in relation to transactions executed through the Platform.

VectaMarkets may establish appropriate risk controls, exposure limits and funding arrangements for Markets.

A User does not acquire a direct contractual relationship with another anonymous User merely because the User's transaction is economically related to another User's position.

The specific contractual relationship applicable to a transaction shall be determined by the applicable Market Rules, transaction records and these Terms.

13.Market Exposure and Risk Controls

VectaMarkets may establish maximum exposure limits for individual Markets, outcomes, Users, Accounts or other aspects of the Platform.

These limits may be determined using mathematical, financial, operational, compliance, liquidity or risk-management considerations.

VectaMarkets may modify, reduce or suspend exposure limits at any time where reasonably necessary to manage Platform risk or comply with applicable requirements.

Users acknowledge that the existence of a Market does not guarantee unlimited trading capacity.

14.Market Closure

VectaMarkets may close a Market when:

  • the scheduled trading period ends;
  • the underlying Event has occurred;
  • a resolution condition has been satisfied;
  • the Market reaches a predetermined exposure or risk limit;
  • continued operation becomes impracticable;
  • the Market contains an error;
  • the underlying Event becomes impossible or materially ambiguous;
  • the resolution source becomes unavailable or unreliable;
  • the Market may create legal or regulatory risk; or
  • VectaMarkets reasonably determines that closure is necessary to protect the integrity of the Platform.

The consequences of Market closure shall be determined in accordance with the applicable Market Rules.

15.Market Resolution

Markets will be resolved according to their published Market Rules.

VectaMarkets may rely upon one or more publicly verifiable sources, official announcements, recognized data providers, governmental sources, sporting authorities, reputable news organizations or other designated sources.

Where a Market specifies a particular resolution source, that source will ordinarily govern the Resolution.

VectaMarkets may delay Resolution where:

  • the underlying Event has not been sufficiently established;
  • credible conflicting information exists;
  • an official source has not yet published the necessary information;
  • an appeal, review or correction is pending;
  • the result is subject to an official determination; or
  • additional verification is reasonably necessary.

VectaMarkets may correct a Resolution where credible evidence demonstrates that the original Resolution was materially incorrect.

16.Ambiguous, Void or Invalid Markets

Where a Market becomes ambiguous, impossible to resolve, materially defective or incapable of being resolved according to its published Market Rules, VectaMarkets may declare the Market void or apply another remedy specified in the Market Rules.

Where a Market is declared void, affected positions may be cancelled and the relevant funds may be returned or otherwise handled in accordance with the applicable Market Rules.

VectaMarkets' determination shall be made in good faith and based on the information reasonably available to it.

Added

Where a Market is declared void, any currency spread and any cross-currency price protection charge paid on trades in that Market under section 20A (Dollar Trading) will be returned to the User who paid it, in the currency in which it was paid.

17.Deposits

Users may fund their Accounts through payment methods made available by VectaMarkets or its authorized payment partners.

Deposit methods may include bank transfers, payment cards, electronic payment methods or other supported methods.

VectaMarkets does not guarantee that every payment method will be available to every User.

Deposits may be subject to:

  • processing times;
  • transaction limits;
  • verification requirements;
  • payment-provider restrictions;
  • fraud checks;
  • applicable fees; and
  • other conditions.

A payment being initiated does not necessarily mean that the funds have been successfully credited to the User's Account.

Added

Where VectaMarkets makes it available, Users may also fund their Accounts with USDT sent on the BNB Smart Chain (BSC) or Solana network. A USDT deposit is credited to a dollar balance that is held separately from the User's naira balance.

18.Payment Processors

VectaMarkets may use banks, payment processors, payment service providers, financial institutions and other third-party service providers to facilitate deposits, withdrawals and related services.

Third-party payment services may be subject to separate terms and conditions.

VectaMarkets is not responsible for delays, failures or restrictions caused solely by a third-party provider where VectaMarkets has exercised reasonable care in selecting and managing the provider.

19.Withdrawals

Subject to applicable requirements, Users may request withdrawals from their Available Balance through supported withdrawal methods.

VectaMarkets may require verification before processing a withdrawal.

We may delay or restrict withdrawals where reasonably necessary to:

  • complete identity verification;
  • investigate suspected fraud;
  • investigate unauthorized transactions;
  • comply with applicable law;
  • comply with a lawful request from an authority;
  • resolve a payment dispute;
  • verify source of funds;
  • prevent financial crime; or
  • protect the Platform and its Users.

We may require withdrawals to be made to an account or payment method associated with the verified User.

Added

A dollar balance may be withdrawn only as USDT, and a naira balance may be withdrawn only in naira.

20.Fees

VectaMarkets may charge transaction fees, withdrawal fees, deposit fees, conversion fees, administrative fees or other applicable charges.

Applicable fees will be disclosed through the Platform before or at the time they become applicable, where reasonably practicable.

Fees may be changed from time to time.

Unless otherwise stated, applicable fees may be deducted automatically from the relevant transaction, Account balance or settlement amount.

Added

Dollar trades carry a currency spread of 6% on each dollar purchase and each dollar sale, and a conversion margin of 3% on each dollar purchase, as set out in section 20A (Dollar Trading).

20A.Dollar Trading

Added

(a) Dollar trading. Where VectaMarkets offers it, a User may buy and sell Contracts with the USDT held in the User's dollar balance instead of the User's naira balance. Naira and dollar trades in a Market take place at one shared price, and the price of a Contract is shown as the same number in both currencies.

(b) Payout. Each winning Contract bought with a dollar balance pays exactly US$1.00 into the User's dollar balance. Each winning Contract bought with a naira balance pays ₦1.00 into the User's naira balance. A Contract that does not win pays nothing.

(c) Balances never cross. A User's balances are never converted between naira and dollars. Money paid in dollars is refunded, settled and paid out in dollars, and money paid in naira is refunded, settled and paid out in naira. While a User holds a position in a Market in one currency, the User may not buy Contracts in that Market in the other currency until that position has been sold. Selling is never restricted by this paragraph.

(d) Currency spread. A currency spread of 6% of the trade's value is charged on each dollar purchase and each dollar sale, in addition to the commission. The currency spread is not charged on winnings paid at settlement. It is shown as its own line on the trade screen before the User confirms the trade.

(e) Conversion. A dollar trade moves the shared price at an exchange rate set by VectaMarkets from the prevailing USDT/naira market rate, with a conversion margin of 3% on each dollar purchase. The rate in force when a Contract was bought applies to that purchase for as long as it is held.

(f) Cross-currency price protection. A trade made within 60 seconds after trades in the other currency moved the price in the User's favour gives back the benefit of that movement, calculated exactly from the Market's pricing formula. The User's own trades are not counted. This applies to naira and dollar trades alike, is shown on the trade screen before the User confirms the trade, never delays or refuses a trade, and is refunded if the Market is declared void.

(g) Limits. The smallest dollar purchase is US$1.00. Dollar purchases are paused on an outcome priced at 94% or more, and a dollar purchase that starts below that price stops filling once the price reaches 94%. Selling is never restricted by these limits.

21.Balance and Transaction Records

VectaMarkets maintains electronic records of transactions conducted through the Platform.

The Platform's transaction records shall constitute evidence of transactions unless there is clear evidence of an error.

Users should review their transaction history regularly and notify VectaMarkets promptly of any suspected discrepancy.

Where a technical or accounting error occurs, VectaMarkets may correct the relevant records and adjust affected balances accordingly.

22.No Guarantee of Profit

Participation in event-based markets involves financial risk.

You may lose some or all of the funds committed to Contracts.

Past performance, previous market outcomes, historical prices or prior success do not guarantee future results.

VectaMarkets does not guarantee that any User will make a profit.

You should never participate with funds that you cannot afford to lose.

23.No Investment or Financial Advice

Information presented through the Platform is provided for informational and transactional purposes.

Nothing on the Platform constitutes investment, financial, legal, tax or professional advice.

VectaMarkets does not provide personalized investment recommendations.

You are solely responsible for evaluating the risks associated with any transaction.

Where appropriate, you should obtain independent professional advice before participating.

24.Responsible Participation

Users are expected to participate responsibly and within their financial means.

You should establish your own limits and avoid committing funds necessary for essential living expenses or financial obligations.

VectaMarkets may introduce account controls, transaction limits, cooling-off mechanisms or other responsible-use features where appropriate.

VectaMarkets may also restrict an Account where activity presents significant financial, fraud, compliance or integrity concerns.

25.Prohibited Conduct

You must not use the Platform to:

  1. violate any applicable law or regulation;
  2. commit fraud or facilitate fraud;
  3. launder money or facilitate financial crime;
  4. use proceeds derived from criminal activity;
  5. manipulate Markets;
  6. manipulate prices;
  7. exploit technical vulnerabilities;
  8. interfere with the Platform's operation;
  9. use automated systems in violation of Platform rules;
  10. access another person's Account without authorization;
  11. create fraudulent or duplicate Accounts;
  12. circumvent trading, geographic or account limits;
  13. provide false identity information;
  14. use stolen payment instruments;
  15. engage in market manipulation or coordinated deceptive activity;
  16. exploit known technical errors;
  17. attempt unauthorized access to Platform systems;
  18. introduce malicious code;
  19. scrape or harvest data without authorization;
  20. reverse engineer restricted portions of the Platform;
  21. use the Platform to facilitate unlawful activity; or
  22. engage in any conduct that may compromise the integrity, security or fairness of the Platform.

26.Market Integrity

Users must not attempt to artificially influence the outcome or pricing of a Market through deceptive, coordinated or manipulative conduct.

VectaMarkets may investigate unusual activity and may take action where it reasonably believes that Market integrity has been compromised.

Actions may include:

  • cancelling affected Orders;
  • restricting Accounts;
  • suspending trading;
  • freezing affected balances where legally permissible;
  • voiding affected transactions;
  • restricting access to specific Markets; or
  • reporting suspected unlawful conduct to appropriate authorities.

Nothing in this section requires VectaMarkets to disclose information that could compromise security, fraud investigations or other Users' confidential information.

Added

Because naira and dollar trades in a Market move one shared price, Users must not act together, or with any other person, to move that price with trades in one currency for the benefit of trades in the other currency. Where VectaMarkets reasonably believes that trades form part of such conduct, it may void those trades and suspend the Accounts involved.

27.Insider or Non-Public Information

Users must not use the Platform for unlawful trading based on confidential, material, non-public or improperly obtained information.

Where VectaMarkets reasonably believes that a User has obtained or used information unlawfully, it may investigate and take appropriate action.

Users are responsible for ensuring that their participation does not violate confidentiality obligations, employment obligations, professional duties or applicable law.

28.Suspension and Account Restrictions

VectaMarkets may temporarily suspend or restrict an Account where we reasonably believe that:

  • these Terms have been violated;
  • fraudulent activity has occurred;
  • unauthorized activity is suspected;
  • identity information is inaccurate;
  • a security incident has occurred;
  • the User is subject to a legal or regulatory restriction;
  • the Account presents unacceptable financial or operational risk;
  • a payment dispute exists; or
  • suspension is necessary to protect the Platform, Users or third parties.

Where reasonably practicable and legally permissible, VectaMarkets may notify the User of the reason for a restriction.

However, we may withhold information where disclosure could compromise a security, fraud, compliance or law-enforcement investigation.

29.Account Termination

You may request closure of your Account at any time, subject to completion of outstanding transactions and applicable legal requirements.

VectaMarkets may terminate or permanently restrict an Account where permitted by law.

Termination does not automatically extinguish obligations that arose before termination.

Sections relating to intellectual property, liability, dispute resolution, confidentiality, outstanding payments, transaction records and other provisions that by their nature should survive termination shall continue to apply.

30.Funds Following Account Termination

Where an Account is terminated and the User has a legitimate Available Balance, VectaMarkets will generally seek to return eligible funds through an appropriate withdrawal method, subject to:

  • identity verification;
  • fraud and compliance checks;
  • applicable law;
  • payment-provider requirements;
  • outstanding fees or obligations; and
  • any lawful restriction affecting the funds.

Where funds are subject to a legal hold, investigation, dispute, chargeback or other lawful restriction, VectaMarkets may retain or restrict the relevant amount until the matter is resolved.

31.Intellectual Property

All intellectual property rights in the Platform, including its software, interfaces, designs, trademarks, logos, graphics, databases, text, documentation and underlying technology, belong to Vecta Global or its licensors unless otherwise stated.

Nothing in these Terms transfers ownership of VectaMarkets intellectual property to you.

Subject to these Terms, VectaMarkets grants you a limited, non-exclusive, non-transferable and revocable right to access and use the Platform for its intended purpose.

You may not copy, reproduce, modify, distribute, sell, license, reverse engineer or commercially exploit any part of the Platform without our prior written permission, except where expressly permitted by applicable law.

32.User Content and Feedback

Where the Platform permits Users to submit comments, messages, feedback or other content, you are responsible for the legality and accuracy of such content.

You grant VectaMarkets a non-exclusive, worldwide, royalty-free right to use, reproduce and process such content for purposes reasonably necessary to operate, improve, secure and promote the Platform, subject to our Privacy Policy and applicable law.

You must not submit content that is unlawful, defamatory, fraudulent, abusive, discriminatory, threatening or otherwise prohibited.

33.Third-Party Services and Links

The Platform may integrate with or contain links to third-party services.

These may include payment providers, identity-verification providers, analytics providers, data providers and other service providers.

Third-party services may have their own terms and privacy policies.

VectaMarkets does not control third-party services and is not responsible for their independent acts or omissions except to the extent required by applicable law.

34.Platform Availability

We aim to keep the Platform available and reliable but do not guarantee uninterrupted or error-free operation.

The Platform may occasionally be unavailable due to:

  • maintenance;
  • upgrades;
  • infrastructure failures;
  • internet or telecommunications failures;
  • cybersecurity incidents;
  • payment-provider outages;
  • third-party service failures;
  • regulatory requirements;
  • force majeure events; or
  • other circumstances beyond our reasonable control.

VectaMarkets may temporarily suspend Platform functionality where necessary to protect Users, systems or Market integrity.

35.Technical Errors

Although we take reasonable measures to maintain accurate and reliable systems, errors may occur.

Where a material technical error affects a transaction, Market, price, balance or Resolution, VectaMarkets may take reasonable corrective action.

This may include:

  • correcting an Account balance;
  • cancelling an affected Order;
  • reversing a transaction;
  • suspending a Market;
  • correcting a Market Resolution; or
  • taking another reasonable corrective measure.

We will seek to act fairly and consistently when correcting material errors.

36.Force Majeure

VectaMarkets will not be responsible for failure or delay in performing its obligations where such failure or delay results from circumstances beyond our reasonable control.

Such circumstances may include:

  • natural disasters;
  • war;
  • civil unrest;
  • terrorism;
  • government action;
  • regulatory restrictions;
  • widespread telecommunications failures;
  • power outages;
  • cyberattacks;
  • major infrastructure failures;
  • banking-system failures;
  • payment-provider failures;
  • pandemics; or
  • other events beyond our reasonable control.

37.Disclaimers

To the maximum extent permitted by applicable law, the Platform is provided on an “as available” and “as is” basis.

VectaMarkets does not warrant that:

  • the Platform will always be available;
  • information will always be complete or error-free;
  • every Market will remain available;
  • every transaction will be executed;
  • a Market will resolve within a particular period;
  • third-party information will always be accurate;
  • the Platform will be suitable for every User; or
  • participation will result in profit.

Nothing in these Terms excludes a liability that cannot lawfully be excluded under applicable law.

38.Limitation of Liability

To the maximum extent permitted by applicable law, Vecta Global shall not be liable for indirect, incidental, consequential, special or punitive losses arising from your use of the Platform.

This includes, where legally permissible, loss arising from:

  • loss of anticipated profits;
  • loss of business opportunity;
  • loss of data;
  • third-party service interruption;
  • internet or telecommunications failures;
  • unauthorized third-party conduct;
  • market movements;
  • reliance on information provided through the Platform; or
  • events beyond our reasonable control.

Nothing in these Terms shall exclude or limit liability for fraud, wilful misconduct, death or personal injury caused by negligence, or any other liability that cannot legally be excluded or limited.

39.Indemnification

To the maximum extent permitted by applicable law, you agree to indemnify and hold harmless Vecta Global, its officers, directors, employees, contractors, affiliates and service providers from claims, losses, liabilities, damages, costs and expenses arising from:

  1. your breach of these Terms;
  2. your unlawful use of the Platform;
  3. your fraudulent or unauthorized activity;
  4. your violation of another person's rights;
  5. your violation of applicable law; or
  6. your misuse of the Platform.

This obligation does not apply to the extent that the claim resulted from Vecta Global's own proven gross negligence, fraud or wilful misconduct.

40.Privacy

Your use of the Platform involves the processing of personal data.

VectaMarkets' collection, use, storage and disclosure of personal data is governed by our Privacy Policy, which forms part of these Terms.

Our Privacy Policy is intended to operate in accordance with applicable data-protection laws, including the Nigeria Data Protection Act 2023 where applicable.

By using the Platform, you acknowledge that you have reviewed the Privacy Policy.

41.Electronic Communications

You agree that VectaMarkets may communicate with you electronically through:

  • email;
  • SMS;
  • push notifications;
  • in-platform notifications;
  • Account notifications; or
  • other electronic means.

Electronic communications may include transaction confirmations, security alerts, Market updates, policy changes and other important notices.

Where permitted by applicable law, electronic records and communications may constitute evidence of transactions and agreements.

Nigeria's current cybercrime/electronic-transactions framework recognizes electronic signatures in qualifying transactions, subject to statutory exceptions.

42.Changes to These Terms

VectaMarkets may update these Terms from time to time.

When material changes are made, we may provide notice through the Platform, email or another appropriate communication method.

The updated Terms will become effective on the stated effective date.

Your continued use of the Platform after the effective date constitutes acceptance of the updated Terms to the extent permitted by law.

If you do not agree with a material change, you should stop using the Platform and request closure of your Account.

43.Changes to the Platform

VectaMarkets may modify, suspend, discontinue or replace any Platform feature, Market category, payment method or other service.

We do not guarantee that a feature available today will remain available indefinitely.

Where reasonably practicable, we may provide notice of material discontinuation affecting existing Users.

44.Complaints and Customer Support

If you believe that a transaction, Account action, Market Resolution or Platform operation is incorrect, you should contact VectaMarkets through the official support channels.

Complaints should include sufficient information to enable us to identify the relevant Account, transaction, Market or issue.

VectaMarkets may request additional information before investigating a complaint.

We will use reasonable efforts to review legitimate complaints and provide an appropriate response.

Email: Support@vectamarkets.com Legal Notices: legal@vectamarkets.com

45.Dispute Resolution

The parties shall first attempt to resolve any dispute through good-faith discussions and the applicable VectaMarkets complaint process.

Where a dispute cannot be resolved through internal procedures, the parties may pursue mediation, arbitration or court proceedings as provided by applicable law and the jurisdiction clause below.

Nothing in this section prevents either party from seeking urgent injunctive or protective relief where necessary to protect confidential information, intellectual property, security or other legitimate interests.

46.Governing Law and Jurisdiction

These Terms shall be governed by and interpreted in accordance with the laws of the Federal Republic of Nigeria, unless applicable mandatory law requires otherwise.

Subject to any applicable arbitration or dispute-resolution provision, the courts of competent jurisdiction in Nigeria, Africa shall have jurisdiction over disputes arising from or relating to these Terms.

47.Severability

If any provision of these Terms is determined to be invalid, unlawful or unenforceable, that provision shall be interpreted or modified to the minimum extent necessary to make it enforceable where legally possible.

The remaining provisions shall continue in full force and effect.

48.No Waiver

A failure or delay by VectaMarkets to enforce any provision of these Terms does not constitute a waiver of our right to enforce that provision later.

49.Assignment

You may not assign or transfer your rights or obligations under these Terms without our prior written consent.

VectaMarkets may assign or transfer its rights and obligations in connection with a merger, acquisition, restructuring, sale of assets, corporate reorganization or other lawful transaction.

50.Entire Agreement

These Terms, together with the applicable Market Rules, Privacy Policy, fee schedules and other policies expressly incorporated by reference, constitute the entire agreement between you and Vecta Global regarding your use of the Platform.

They supersede prior representations or agreements concerning the same subject matter to the extent permitted by law.

51.No Partnership or Agency

Nothing in these Terms creates a partnership, joint venture, employment relationship, fiduciary relationship or agency relationship between you and Vecta Global.

Your use of the Platform does not make you an employee, agent, representative or partner of Vecta Global.

52.Survival

Any provisions that by their nature should survive termination shall continue to apply after termination of your Account or these Terms.

This includes provisions relating to intellectual property, liability, indemnification, dispute resolution, outstanding obligations, transaction records and applicable legal rights.

53.Contact Information

Vecta Global Ltd. Operator of VectaMarkets

Email: Support@vectamarkets.com Legal Notices: legal@vectamarkets.com Website: vectamarkets.com

54.User Acceptance

By clicking “I Agree”, creating an Account, accessing the Platform, depositing funds, placing an Order or otherwise using VectaMarkets, you confirm that:

  • you have read and understood these Terms;
  • you agree to be legally bound by them;
  • you satisfy the applicable eligibility requirements;
  • the information you provide is accurate;
  • your use of the Platform is lawful in your jurisdiction; and
  • you understand that participation in event-based markets involves financial risk and that you may lose funds committed to Contracts.

If you do not agree to these Terms, do not use VectaMarkets.

Terms of Use — VectaMarkets