Terms and Conditions

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1. Object and acceptance

These Terms govern the conditions of access to and use of the Service, as well as the rights and obligations of the user (the "User") and of the Operator.

Accessing, registering for or using the Service entails full and unreserved acceptance of these Terms in the version in force at the time of such access. If the User acts on behalf of a legal entity, the User warrants that it has sufficient authority to bind that entity.

If the User does not accept these Terms, the User must refrain from accessing and using the Service.

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2. Eligibility and account

To use the Service, the User must be at least 18 years old and have full legal capacity to enter into binding obligations. The Service is not directed at minors.

The User undertakes to provide truthful, accurate, current and complete information at registration and to keep it up to date. The Operator may suspend or terminate accounts based on false, inaccurate or incomplete information.

• One account per person is permitted. Creating multiple or duplicate accounts may result in their termination.
• The User is solely responsible for the confidentiality of their credentials and for all activity carried out through their account.
• The User must notify the Operator immediately of any unauthorised use of their account.
• The Service is not available in territories or jurisdictions where its use is prohibited or subject to legal restrictions; it is the User's responsibility to verify the lawfulness of their access.

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3. Description and nature of the service

Piply is a tool for tracking and analysing the User's own trading activity and acts as an introducing partner of partner brokers (including Vantage Markets, and other partner brokers). Piply is remunerated through the commission the broker pays its partners on introduced trading volume.

Piply is NOT a broker. Piply is not authorised or registered with the CNMV or with any financial-markets supervisor. Piply does not provide investment services or ancillary services, investment advice, personalised recommendations, portfolio management, or the reception, transmission or execution of orders, nor custody services.

Piply never receives, holds or administers Users' funds or financial instruments. The User's capital remains at all times in the User's own account opened with the broker, in the User's own name. The contractual relationship for the trading of financial instruments is established exclusively between the User and the broker.

Piply does not guarantee any outcome, return or profit arising from the User's trading activity.

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4. Cashback program

The cashback program allows the User to obtain a partial rebate calculated on the basis of their eligible trading volume. Cashback is based on eligible closed XAUUSD lots, verified through the broker, and is paid in USDT.

Any cashback figure shown in the Service is an estimate based on volume assumptions and does not constitute a guarantee of income. The actual amount depends on the volume actually traded, which may be zero.

Payment of cashback is subject to a minimum payout threshold. Below that threshold, the balance continues to accrue until it is reached. The program is currently in a test and verification phase, and payout mechanics may be limited or subject to change. This phase affects only the timing and mechanics of payment; it does not deprive the User of cashback genuinely earned on eligible, verified volume.

Right to verify and claw back

The Operator reserves the right to verify, recalculate, withhold, reverse or claw back cashback, in whole or in part, in particular in the following cases:

• Fraud, abuse or any attempt to manipulate the program.
• Wash trading, mirror trading or artificial volume.
• Reversed, cancelled or bonus-driven volume.
• Use of multiple accounts (multi-accounting) or fictitious identities.
• Chargebacks or reversals by the broker.
• Volume that is not eligible or accounts that are not genuinely affiliated with Piply.

No cashback will accrue where the volume is not eligible or where the account is not genuinely affiliated with Piply.

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5. Referral program

The User may invite third parties through their personal referral link. Rewards are attributed via that link, in accordance with the applicable program rules.

Referral figures shown are estimates and do not constitute a guarantee of any reward.

• Self-referral, the creation of fake accounts and any incentivised fraud are prohibited.
• The Operator may, at its discretion, adjust, withhold or void referral rewards in the event of abuse or breach.
• Second-level and reward rules may change at any time.

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6. Acceptable use and user obligations

The User undertakes to use the Service lawfully, diligently and in accordance with these Terms. In particular, the User undertakes to:

• Not commit fraud or market manipulation through the program.
• Not use bots, scraping, reverse engineering or any form of automated abuse of the Service.
• Comply with the broker's own terms and with its know-your-customer (KYC) procedures.
• Keep their information current and truthful.
• Use the Service only for lawful purposes and not infringe the rights of third parties.

Breach of these obligations may result in the suspension or termination of access, without prejudice to any other remedies available.

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7. Relationship with the broker

The contract for the trading of financial instruments is entered into solely and exclusively between the User and the broker. Piply acts exclusively as an introducer.

The Operator is not responsible for the broker's platform, order execution, spreads, slippage, deposits or withdrawals, or any decision taken by the broker.

Links to the broker correspond to third-party sites and services, subject to their own terms and policies, outside the Operator's control.

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8. Availability of the service

The Operator endeavours to keep the Service available but does not guarantee uninterrupted, secure or error-free operation. The Service may be temporarily suspended for maintenance, updates or causes beyond the Operator's control.

The Operator may modify, limit or discontinue, in whole or in part, features of the Service, endeavouring to minimise the impact on the User.

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9. Intellectual and industrial property

All content of the Service (texts, graphics, logos, interfaces, software, databases and other elements) belongs to the Operator or its licensors and is protected by the applicable intellectual and industrial property laws.

Its reproduction, distribution, public communication, transformation or any other form of exploitation is prohibited without the Operator's prior written authorisation. Third-party trademarks and distinctive signs belong to their respective owners.

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10. Data protection

The processing of the User's personal data is governed by Piply's Privacy Policy, which the User declares to have read and accepted. That policy describes the purposes, legal bases, retention periods and data-subject rights.

Cross-reference: see the Privacy Policy for the full detail of data processing.

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11. Limitation of liability

To the maximum extent permitted by applicable law, the Operator shall not be liable for indirect, incidental, special or consequential damages, nor for loss of profit, loss of data or loss of opportunity, arising from the use of or inability to use the Service.

The Service is provided "as is" and "as available", without any warranty of income, return or result. The User is responsible for their own trading decisions, which they make freely with the broker.

The Operator's aggregate liability, where applicable, shall be limited to a reasonable and proportionate amount and shall not, as a general rule and save where mandatory law provides otherwise, exceed the greater of: (i) the amounts actually paid or owed to the User as cashback during the twelve months preceding the event giving rise to the liability; or (ii) one hundred euros (EUR 100).

Nothing in these Terms excludes or limits liability that cannot be excluded or limited under applicable law. The mandatory rights of consumers are unaffected.

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12. Indemnification

The User undertakes to hold the Operator harmless, together with its affiliates, partners and collaborators, against any claim, damage, loss or expense (including reasonable defence costs) arising from misuse of the Service, breach of these Terms or any unlawful activity attributable to the User.

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13. Suspension and termination

The Operator may suspend or terminate the User's access, immediately and without prior notice where necessary, in the event of breach of these Terms, fraud, abuse or for legal or security reasons.

The User may stop using the Service at any time. Termination shall not affect obligations already accrued.

Accrued cashback arising from fraud, abuse or any of the cases set out in clause 4 may be withheld, reversed or voided even after termination.

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14. Modifications

The Operator may update these Terms and the conditions of the cashback and referral programs. Modifications take effect upon their publication in the Service, with the date of last update indicated.

Continued use of the Service after the modifications take effect constitutes acceptance. For Users who are consumers, modifications shall be communicated with reasonable notice where required by law, without prejudice to their mandatory rights.

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15. Risk warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

The User should consider whether they understand how CFDs work and whether they can afford to take the high risk of losing their money. Piply does not provide investment advice.

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16. Governing law and jurisdiction

These Terms are governed by the laws of the United Arab Emirates.

However, if the User is a consumer resident in the European Union, the User is not deprived of the protection afforded by the mandatory provisions of the law of their country of residence (Regulation (EC) No 593/2008, "Rome I", art. 6), and may bring proceedings before the courts of their domicile (Regulation (EU) No 1215/2012, "Brussels I bis").

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17. Severability and partial invalidity

If any provision of these Terms is held to be null, unlawful or unenforceable, that provision shall be construed or, failing that, replaced to the extent necessary to achieve an equivalent lawful effect, and the remaining provisions shall remain in full force and effect.

The Service is offered in several languages. In the event of any discrepancy between the language versions of these Terms, the version in the language in which the Service was offered to the User shall prevail. In any event, a consumer may rely on the version drafted in their own language.

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18. Contact

For any matter relating to these Terms, the User may contact the Operator through the following channels:

Email

legal@piply.es

Support

https://t.me/piplysoporte

Operator

AVA CONSULTING TRADING L.L.C-FZ (trading name "Piply")

Postal address

Meydan Grandstand, 6th floor, Meydan Road, Nad Al Sheba, Dubai, United Arab Emirates