Terms of Service
GSX SOLUTIONS PRIVATE LIMITED TERMS AND CONDITIONS
Version: 18062024.001
Last Updated on: 18/06/2024
Spot terms and conditions
Welcome to GSX Solutions Private Limited (we or us), by accessing this website (www.gsxsolutions.com or www.gsx.io) and/or downloading the mobile applications in the Google Play and Apple App stores and/or accessing and using our application programming interface ("API") (available at https://GSX Solutions.com) (collectively, the Website), you agree to be bound by these Terms and Conditions.
If you agree to these Terms, a legally binding contract is formed between GSX Solutions Private Limited and you. If you do not agree to these Terms and Conditions, you must not visit the Website. If you have created a GSX Solutions Private Limited account, you can deactivate it at any time.
Keywords and definitions
Risk Acknowledgement
Content and use
Services
Account verification
Deposits and withdrawals
Fees and charges
Activity
Liability and compensation
Non membership
Governing law and dispute resolution
Entire agreement and non-waiver
Key words and definitions
GSX Solutions Private Limited refers to all parties operating and having operated the GSX Solutions Private Limited platform.
GSX Solutions Private Limited Users: You, as far as you are concerned, as the use of our Services is not restricted or prohibited to you by applicable law, and you are authorised to access and use our Services.
Authorization: To access the Website and use our services, you must be at least 18 years of age and have the legal capacity to enter into a contract with us. You are not authorized to access the Website or use our Services if you are prevented from doing so by the law applicable to you. Currently, we are not authorised to provide services to citizens or residents of the United States of America.
Services:
Instant Buy Crypto.
A simple and convenient way to buy digital assets with just a few clicks by entering the amount in INR equivalent you wish to spend on the purchase. Our system automatically matches the available sell orders and provides you with an estimate of the amount of Crypto you will receive into your own digital asset wallet inside or outside of GSX Solutions Private Limited.
Spot trading:
Our peer--to--peer order matching platform for the exchange of digital assets and fiat.
Digital assets, crypto currencies or virtual currencies: Means a value represented in digital form which is digitally transferable, storable or tradable and which natural or legal persons accept as a means of payment, but which is not a legal tender of a country or a fund within the meaning of Article 4(25) of Directive 2015/2366 of the European Parliament and of the Reserve Bank of India in the internal Indian market.
GSX Solutions Private Limited account:
An account created and maintained by GSX Solutions Private Limited. Its access, use or cancellation is under your complete control. GSX Solutions Private Limited does not authorise or access your GSX Solutions Private Limited Account or initiate transactions from your GSX Solutions Private Limited Account.
Content:
All text, graphics, user interfaces, visual interfaces, photographs, trademarks, logos, sounds, music, artwork and computer code, including but not limited to the design, structure, selection, coordination, expression, “look and feel” and arrangement of such content, contained on the Websites and Mobile Applications are owned, controlled or licence by or to GSX Solutions Private Limited and are protected by trade dress, copyright, patent and trademark laws, and various other intellectual property rights and unfair competition laws.
DISCLOSURE OF RISKS
By opening a GSX Solutions Private Limited account or accessing the services, you acknowledge that you accept and understand the following risks associated with digital goods.
Legal status and government protection: In most jurisdictions including India, digital assets are not recognised as legal tender and investments in these assets are not protected by government regulation or insurance policies. This means that losses due to market volatility, fraud, technological failure or regulatory change are not covered by government guarantees or compensation schemes. The legal status of digital assets varies from country to country and may change over time. Compliance with laws and regulations, including anti-money laundering (AML) and know your customer (KYC) standards, is critical but may be subject to change.
Market risk:
Investments in digital assets are exposed to market volatility. Prices can fluctuate significantly due to various factors such as technological developments, regulatory changes, market dynamics and general economic trends. Investors should be prepared for the possibility of significant losses. Some digital asset markets are highly concentrated, with a significant proportion of assets held by a small number of companies, which can lead to market manipulation and increased volatility.
Regulatory risk:
The legal and regulatory framework for digital assets continues to evolve in India. Changes in laws, regulations or government policy could impact the legal status and financial viability of investments in digital asset. These include tax laws, securities regulations and other financial regulations.
Technology risk: Investments in digital asset are based on blockchain technology, which harbors inherent risks. These include vulnerabilities to cyber-attacks, software failures and interruptions due to internet connectivity issues. Technological failures can lead to financial losses.
Liquidity risk:
Some digital assets may lack liquidity, making it difficult to buy or sell large quantities without a significant impact on the price. This risk is exacerbated by the fact that the markets for digital asset can vary greatly in terms of liquidity and market depth.
Third--party risks:
Many transactions involving digital asset are dependent on platforms or service providers. Operational failures, security breaches or disruptions at these third parties can have a negative impact on investments.
Operational and fraud risk: The digital asset market is susceptible to fraudulent activity and operational mishaps, including fraudulent schemes, misrepresentation or misappropriation of assets through security breaches.
Tax risk:
The taxation of transactions in digital asset varies around the world and is subject to change. It is the investor's responsibility to understand and comply with the tax obligations in their country. In India the crypto purchase and sale is subject to taxation and further details are available from our customer care department.
Performance risk:
The performance of digital assets may deviate from expectations due to technical problems, changes in consensus algorithms or fluctuations in network activity.
Custody risk:
The risks associated with the custody of digital assets, especially when they are held in wallets or on exchanges, include the risk of losses due to hacker attacks, theft or operating errors. The security of digital wallets used to store digital assets is critical. The loss of private keys, wallet credentials or the occurrence of security vulnerabilities can lead to the permanent loss of digital assets.
Changes in technology and protocols: The underlying technology of digital assets may change, including forks, protocol upgrades or other changes which may affect the value and functionality of the assets. The underlying protocol of a digital asset network may be subject to changes (forks), resulting in significant volatility and uncertainty. This may lead to the creation of new assets or fundamentally change the nature of the existing asset.
Risk of smart contracts:
For digital assets that utilise smart contracts, there are risks associated with the execution and functioning of these contracts. Errors, bugs or vulnerabilities in smart contracts can lead to the loss or theft of assets.
Environmental and energy consumption risk: Some digital assets, especially those that use proof--of--work consensus mechanisms, have high energy consumption and a major impact on the environment. This can lead to regulatory and social risks.
Interoperability risk:
As the digital asset ecosystem includes various blockchain networks and technologies, there is a risk in terms of interoperability between these different systems. There may be technical difficulties with cross--chain transactions or integrations.
The above list of risks is not exhaustive and further risks may arise as the market for digital asset continues to develop.
GSX Solutions Private Limited does not provide legal, tax or financial advice and you are strongly advised to seek independent legal, tax or financial advice before making any financial decision, including the purchase, trade, ownership or use of digital assets. You should carefully consider whether trading in digital assets is suitable for you in light of your own financial position and circumstances.
Virtual currencies are not regulated by the Reserve Bank of India and any protection associated with financial services does not apply to the purchase or sale of digital assets. We do not own or control the underlying software protocols that govern the operation of the virtual currency. In general, the underlying software protocols are “open source” and anyone can use, copy, modify and distribute them.
We assume no responsibility for the operation of the underlying software protocols and are not in a position to guarantee their functionality, security or availability. You acknowledge and accept the risk that the underlying software protocols may change in relation to any digital asset that you store in your Virtual Wallet.
Once a withdrawal of digital assets has been requested from your account, there is no way for us to reverse the transaction. You and you alone are responsible for any withdrawal transaction.
Legal and regulatory changes or actions at the state, national or international level may adversely affect GSX Solutions Private Limited's ability to continue to offer some or all of its services in any jurisdiction, to continue to support certain digital assets or to continue to serve certain users or user groups. GSX Solutions Private Limited cannot guarantee the continued and uninterrupted provision of services to you.
Content and use:
All text, graphics, user interfaces, visual interfaces, photographs, trademarks, logos, sounds, music, artwork and computer code (collectively, "Content"), including but not limited to the design, structure, selection, coordination, expression, “look and feel” and arrangement of such Content, contained on the Websites and Mobile Applications is owned, controlled or licence by or to GSX Solutions Private Limited and is protected by trade dress, copyright, patent and trademark laws, and various other intellectual property rights and unfair competition laws.
GSX Solutions Private Limited hereby grants you a personal, nonexclusive licence to access our website and mobile applications and to use our Services solely for the performance of your tasks in accordance with these Terms and Conditions.
You may not use the Content or our Services for any illegal purpose or any other purpose not mentioned in these Terms and Conditions, nor may you allow any third party to use our Services on your behalf, nor may you use our Services on behalf of or for the benefit of any third party in any way.
No part of the Content may be copied, reproduced, republished, uploaded, posted, publicly displayed, encoded, translated, transmitted or distributed in any way (including “mirroring”) to any other computer, server, website or other medium for publication or distribution or for any commercial use or enterprise without our express prior written consent.
You may use the information intentionally made available by GSX Solutions Private Limited for viewing or downloading from our website or mobile applications, provided that you do not remove any proprietary notices from all copies of such documents, use such information only for your personal, noncommercial informational purpose, make no modifications to such information, and make no additional representations or warranties with respect to such information.
You may not use any “deep--link”, “page--scrape”, “robot”, “spider” or other automatic device, programme algorithm or methodology, or any similar or equivalent manual process, to access, acquire, copy or monitor any part of our websites, mobile applications or Content, or to reproduce or circumvent in any way the navigational structure or presentation of the Websites, Mobile Applications or Content in order to obtain or attempt to obtain any materials, documents or information through any means not intentionally made available through our Services.
GSX Solutions Private Limited reserves the right to block any such activity. You may not attempt to gain unauthorised access to any portion or feature of our Services, or any other systems or networks connected to our Services or to any server thereof, through hacking, password “mining” or any other illegitimate or unlawful means, including using virtual private networks or any other mechanism that would facilitate the prohibited use of/access to the Content or Services.
You may not probe, scan or test the vulnerability of our Services or any network connected to our Services or breach security or authentication measures. You may not trace or attempt to trace any information on any other user of or visitor to our websites or mobile applications, including any account on our websites or mobile applications not owned by you, to its source, or utilise any service or information made available or offered by or through our Services in any way where the purpose is to reveal any information other than your own information, including but not limited to personal identification or information provided through our websites or mobile applications.
You may not use any device, software or routine to interfere or attempt to interfere with the proper working of our services or any transaction being conducted on our websites or mobile applications. You may not forge headers or otherwise manipulate identifiers in order to disguise the origin of any message or transmission you send to GSX Solutions Private Limited on or through our websites or mobile applications. You may not pretend to be or represent another person or impersonate any other person or entity. You may not use our Services for any purpose that is unlawful or prohibited by these Terms, or to solicit the performance of any illegal activity which infringes the rights of GSX Solutions Private Limited or others.
You agree that GSX Solutions Private Limited may, in its sole discretion and without notice, terminate your access to its Services and/or block your future access to your GSX Solutions Private Limited account if it determines that you have violated these Terms and Conditions or other agreements which may be associated with your use of our Services. You further agree that any violation of these Terms and Conditions by you will constitute an unlawful and unfair business practice, and will cause irreparable harm to GSX Solutions Private Limited for which monetary damages would be inadequate, and you agree that GSX Solutions Private Limited will seek any injunctive or equitable relief that GSX Solutions Private Limited deems necessary or appropriate in such circumstances. These remedies are in addition to any other remedies GSX Solutions Private Limited may have at law or in equity.
You agree that GSX Solutions Private Limited may, in its sole discretion and without prior notice, terminate your access to the Content or Services for cause, including, but not limited to, requests by law enforcement or other government agencies, a request by you (self-initiated account deletions), discontinuance or material modification of the Services, or unexpected technical issues or problems. If GSX Solutions Private Limited takes any legal action against you for breach of these Terms and Conditions, GSX Solutions Private Limited will be entitled to recover from you, and you agree to pay, all reasonable attorneys' fees and court costs, in addition to any other relief granted to GSX Solutions Private Limited. You agree that GSX Solutions Private Limited shall not be liable to you or any third party for termination of your access to our Services as a result of any breach of these Terms and Conditions.
Services:
GSX Solutions Private Limited provides a platform on which buyers and sellers of virtual currencies can trade virtual currencies and fiat currencies. For providing this software platform, GSX Solutions Private Limited charges deposit, withdrawal and trading fees as described below.
GSX Solutions Private Limited cannot guarantee timeliness as there are external factors that may affect the continuous provision of services. However, GSX Solutions Private Limited endeavours to offer a platform that operates around the clock.
It is part of our service and our responsibility to you to ensure the security of your account. We generate a unique alphanumeric string linked to the email address you provide, a Unique Identifier or UID (GSX Solutions Private Limited Account), for each user when they log in. We provide a unique wallet address for each account so that you can deposit virtual currencies into this account and withdraw them from this account to an external wallet of your choice.
We act as custodian of the Virtual Currency stored in your GSX Solutions Private Limited Account and are not authorised to access your GSX Solutions Private Limited Account or initiate transactions to and from your GSX Solutions Private Limited Account. All transactions are your sole responsibility.
You represent and warrant that you have full authority to enter into these Terms; that you have not been previously suspended or barred from using our Services; that you are not located in a restricted country where digital assets are prohibited by law or in a country subject to sanctions imposed by the Organisation of Foreign Assets Control and/or the United Nations; that you are not identified as a “Specially Designated National”. If you have any questions in this regard, please contact us at legal@gsxolutions.com.
Any misrepresentation or fraudulent use of a crypto account will be considered a serious breach of these Terms and Conditions. If we become aware or it is proven based on trading activity that the purpose of the crypto account is to commit fraud, we will immediately suspend and block the crypto account. We reserve the right to take necessary legal action against any party to protect our rights, our users and our resources.
We do not offer our Services in all markets and jurisdictions and may restrict or prohibit the use of all or part of the Services in restricted jurisdictions or territories. As of the effective date of these Terms and Conditions, we do not currently offer our Services in the following countries and territories: Afghanistan, American Samoa, Canada, Cuba, Guam, Iran, Iraq, Japan, Lebanon, Libya, Myanmar, Nicaragua, North Korea, Northern Mariana Islands, Occupied Territories of Ukraine, Pakistan, Puerto Rico, Russian Federation, Somalia, South Sudan, State of Palestine, Sudan, Syria, U.S. Virgin Islands, United States of America, Uzbekistan, Venezuela, Yemen. Please note that this list may be updated at any time to reflect changes in applicable laws, regulations or our internal policies. It is your responsibility to ensure that you comply with the regulations
Services:
GSX Solutions Private Limited provides a platform where buyers and sellers of virtual currency can trade virtual currency and fiat currency. For the provision of this software platform, GSX Solutions Private Limited charges deposit, withdrawal, and trading fees as described below.
GSX Solutions Private Limited cannot guarantee on--time as there are external factors that may affect the continuous provision of the services. Nevertheless, GSX Solutions Private Limited exercises all efforts to offer a platform that runs 24/7.
Part of our service and responsibility to you is to maintain the safety of your account. We will generate an individual alphanumeric string that is associated with the email address you provide, a Unique Identifier, or UID (GSX Solutions Private Limited Account) for every user upon sign--up. We make available a unique wallet address for each account so you can deposit virtual currency onto this account and withdraw from this account to an external wallet of your choice.
We act as custodians of the virtual currency stored on your GSX Solutions Private Limited Account and are not permitted to access your GSX Solutions Private Limited Account nor to initiate any transactions to and from your GSX Solutions Private Limited Account. Any transactions are your sole responsibility.
You represent and warrant that you have full authority to enter into these Terms and Conditions; that you have not previously been suspended or removed from using our services; are not located in, under the control of, or a national or resident of any restricted location or where digital assets are prohibited by law or any country to which is under Sanctions of the Organisation of Foreign Assets Control and/or the United Nations; that you are not identified as a “Specially Designated National”. For any questions in this regard, you may contact us at legal@gsxsolutions.com
Any misrepresentation or fraudulent use of a GSX Solutions Private Limited Account is considered a severe breach of these Terms and Conditions. In case we become aware or due to the trading activity it is demonstrated that the purpose of the GSX Solutions Private Limited Account is to conduct fraud, we will immediately suspend and block the GSX Solutions Private Limited Account. We reserve the right to take the necessary legal action against any parties to protect our rights, our users, and our resources.
We may, at our own discretion, restrict the number of accounts that you may hold, maintain, or acquire. You are solely responsible for the password you assign to your account, for its security and protection from disclosure. You must promptly notify us if you discover or otherwise suspect any security breach related to your GSX Solutions Private Limited Account.
You are solely responsible for all the activities in connection with your use of the Services, through your GSX Solutions Private Limited Account and/or using your password, and for the security of your computer systems, and in no event shall GSX Solutions Private Limited be liable for any loss or damages relating to such activity. You should not create different accounts for your own use, any malicious, fraudulent, and unfair or otherwise detrimental use of our platform may lead to an automatic suspension and/or termination of our Services.
Depending on the order type that you select, you will also have to insert certain details. For limit orders, the order limit price; for stop price orders, the stop price; and for take--profit orders, the stop price. You may cancel an order if this order at any time as long as it has not been filled yet, once filled, the order is automatically settled without the possibility of roll--back. If you cancel an order before being filled, your balance will be automatically corrected.
You acknowledge that you understand that wash trades are prohibited. If during the matching process, an incoming order is matched against a book order that relates to the same GSX Solutions Private Limited Account or to different GSX Solutions Private Limited Accounts of the same user, the match will not take place, and the remaining part of the incoming order will be cancelled. We may suspend and/or block access to such GSX Solutions Private Limited Accounts.
Your trading history will be kept by us at all times throughout the validity of these Terms and Conditions and for a period of up to 5 years after you have closed your GSX Solutions Private Limited Account.
Promotional events that we make available for you are regulated by these Terms and Conditions and the specific terms and/or conditions set by the specific promotional event.
Only one user can be registered at a time, but each individual user (including any user that is a business or legal entity) may maintain only one main account at any given time.
Account Verification:
To form a contract with you, we are required to request personally identifiable information from you.
By law, we are obliged to collect personally identifiable information from you as part of our Know--Your--Client (KYC) and Anti--Money Laundering (AML), and Prevention of Terrorist Financing (TF) practices.
Before making any deposit onto your GSX Solutions Private Limited Account and at any time that we may deem necessary, we will request certain personally identifiable information from you, which may include a self-portrait photo of you and/or holding a photo--government--issued--ID, payment bank card, and any other document/information that we consider necessary.
If you have selected to open a GSX Solutions Private Limited Account for a legal entity, your account will be regarded as an “Institutional Account”, you represent and warrant that the legal entity which you represent is a legal entity duly organized and validly existing under the applicable laws of its jurisdiction, that it is in good standing and that you are duly authorised by a such legal entity to act on its behalf.
In order to open an Institutional Account, we may request corporate documents of your organisation, as well as, information regarding your business and your intended operations using our services, volumes, and any other information that we consider relevant to establish a business relationship. For any questions in this regard, you may contact info@gsxsolutions.com.
Any and all the information that you provide in order to open and operate your GSX Solutions Private Limited Account will be processed in accordance with our Privacy Policy. For any questions in this regard, you may contact legal@gsxsolutions.com.
Deposits:
Bank Transfer --
You can deposit funds to your GSX Solutions Private Limited Account from your personal bank account via bank transfers in INR using local payment options like UPI/Net--Banking/ RTGS/ IMPS
The minimum deposit amount for bank transfers is equivalent of 1000 Rs.
You acknowledge and agree that deposits made via bank transfer may not be immediately reflected on your GSX Solutions Private Limited Account balance. Such transfers and processing of fiat currency are conducted by third--party financial institutions independently and outside of our control. Consequently, there may be inherent delays in the processing and reflection of the deposited funds on your balance, and we shall not be held responsible or liable for any delays or issues arising from the operations of said financial institutions.
You must include the reference number of your GSX Wallet Account Number in the description of your payment order, otherwise, the transaction maybe be subject to a refund.
Crypto Transfer
You can deposit various digital assets to your GSX Wallet Account.
To transfer your digital assets to your GSX Wallet Account, you should select a digital asset you would like to transfer in the deposit section of the website and send the respective amount of the digital asset to a designated wallet address.
You can only deposit digital assets supported by GSX platform. The full list of supported digital assets is available on our website (https://gsxsolutions.com)
You should be aware that you may incur transaction fees or costs imposed by the underlying blockchains or networks facilitating the transfer of said digital assets. You are solely responsible for ensuring the adequacy of digital assets sent to cover any such transaction fees.
Buy Crypto:
You can instantly purchase a specific digital asset with INR using domestic payment methods.
The minimum purchase amount is 1000 INR.
After the completion of the transaction, your digital assets will be credited to your GSX Wallet Account.
Withdrawals
Bank Transfer -- INR
You can withdraw funds from your GSX Wallet Account to your personal bank account via bank transfers in INR using UPI/Net--banking/ RTGS/ IMPS.
You can only withdraw funds to a bank account opened in your name. No transfers to a third--party bank account are allowed.
The minimum withdrawal amount couldn’t be lower than or equal to the applicable Fees charged by GSX Solutions Private Limited for the withdrawal of funds.
Crypto Transfer
You can withdraw funds from your GSX Wallet Account by transferring your digital assets to an external wallet address.
The minimum withdrawal amount is specific for each particular digital asset. You can find relevant information in the Fees section of the website.
Fees:
By using our Services, you agree to the applicable fee structure as set out in fee’s page on our website and authorise us to deduct such fees from your GSX Solutions Private Limited Account balance.
All fees charged by GSX Solutions Private Limited for trading activity, deposits, and withdrawals are specified in the Fees section of the website.
You may be subject to external fees charged by your bank or respective blockchain for the processing of transactions. Please be aware, that GSX Solutions Private Limited doesn’t determine or control those external fees.
GSX Solutions Private Limited may modify, update, or change its fee structure at any time at its own discretion. Any changes to our fees will be communicated through our official channels, including but not limited to our website, email, mobile or social media notifications.
GSX Solutions Private Limited reserves the right to impose inactivity fees for accounts that remain inactive for a continuous period of 12 months subject to a prior written notice. We will use commercially reasonable efforts to reach out to you before imposing any inactivity fees on your GSX Solutions Private Limited Account.
GSX Solutions Private Limited reserves the right to apply additional fees for refunds made due to non-compliance with the rules set out herein to cover its transactional costs. The amount of additional fees could not be higher than the standard fees charged by GSX Solutions Private Limited for withdrawals of funds.
Cryptocurrency withdrawals are subject to risk management analysis. According to the level of risk, we may increase or decrease the withdrawal fee.
Activity:
Buyers and sellers of digital assets conduct trading with each other, GSX Solutions Private Limited is not a counter-party to any trade that you make. GSX Solutions Private Limited does not promise, guarantee, or otherwise, assure that the Services will be error--free or uninterrupted or that any defects will be corrected, or that your use of our Services will provide specific results.
Our Services are delivered on an “as--is” and “as available” basis. GSX Solutions Private Limited disclaims any, and all liability from events out of our control, such as transactions processed through the blockchain for a particular digital asset. You acknowledge and accept that any transaction made on the blockchain is irreversible, you are solely responsible to insert the correct wallet information for transfers of digital assets in and out of our Services.
You assume total responsibility for your use of our Services, your activities, orders, transactions, submitted documentation, and overall behaviour. Your only remedy against GSX Solutions Private Limited for dissatisfaction with our Services is to stop using our Services. This limitation of relief is a part of the bargain between you and GSX Solutions Private Limited.
All the orders will be entered into on an execution--only basis and GSX Solutions Private Limited shall not be deemed to have made any recommendation to you, advice on the merits of any purchase or sell order, or assess the suitability of any order for you, GSX Solutions Private Limited will not assume any liability in this respect. By using our Services, you express your acknowledgement of the risks, and GSX Solutions Private Limited is entitled to assume that you have sufficient experience and knowledge to understand the risks involved in each order you enter into.
If on any date or time, amounts would be otherwise payable in respect of the orders, any such amount will be automatically satisfied and discharged from your account’s balance.
On the occurrence of an event of default, we may specify a date for the termination and liquidation of all the active orders (the “Liquidation Date”). On or before the Liquidation Date, you are obligated to make any further payments under your active orders. GSX Solutions Private Limited may, otherwise, liquidate any open position you hold to cover the necessary payments due.
In case your trading activity is unusual or abnormal, GSX Solutions Private Limited, in its sole discretion, is entitled to stop processing your transactions until clarifying the situation, asking for further verification, or any other necessary documentation that it may be required by law or agreements with counter-parties, such as, but not limited to, payment processing partners, financial institutions or others.
In case your trading activity is such that might reasonably be considered as abusive or is adopting trading strategies aimed at exploiting misquotations or is generally deemed to be acting in bad faith or attempting to abuse the information or facilities available through our Services (commonly known as “sniping”) GSX Solutions Private Limited is entitled to suspend its Services indefinitely, including the permanent closing of the account.
You are strictly prohibited to perform “self-trading” (or “wash--trading”) actions. GSX Solutions Private Limited’s system will identify when this type of action occurs and your account will be penalized with an automatic transaction fee on the value of each transaction that is deemed to have been “self-traded”. We reserve the right to suspend access to our Services.
Liability and indemnification
Except where prohibited by law, in no event will GSX Solutions Private Limited be liable to you for any indirect, consequential, exemplary, incidental, or punitive damages, including loss of profit, even if GSX Solutions Private Limited has been advised of the possibility of such damages.
You agree to indemnify and hold GSX Solutions Private Limited, its officers, directors, shareholders, predecessors, successors in interest, employees, agents, subsidiaries, and affiliates, harmless from any demands, loss, liability, claims, or expenses, including legal fees, made against GSX Solutions Private Limited by any third party due to or arising out of or in connection with your use of our Services.
GSX Solutions Private Limited is a company that operates independently with no affiliation to regulated or unregulated brokers.
CHANGES; SUSPENSION; TERMINATION
Suspension or Termination of Services and Account: We may, at Our sole discretion and without liability to You, with or without prior notice and at any time, temporarily suspend or permanently terminate Your access to all or a portion of any Services, suspend Your User Account; and/or edit Your account details.
Termination by User: You may also at your sole discretion terminate Your Account by sending us a written request stating your intentions to do so. Upon the receipt of your request, we will provide you with a written notice of 30 (Thirty) days (“Notice Period”) to permanently terminate Your Account.
No Liability: We will not be liable for any losses suffered by you resulting from any modification of any Services or from any suspension or termination of your access to all or a portion of any Services. If and when Services resume, you acknowledge that the valuations and exchange rates of Your Trading Assets may differ significantly from the valuations and rates prior to such event.
Governing Law & Dispute Resolution:
The use and access to our services are regulated under the laws of the Republic of India and any dispute emerging from the interpretation of these Terms and Conditions and/or breach of these Terms and Conditions with respect to the services shall be resolved via negotiation. In case negotiation fails, you and GSX Solutions Private Limited agree to submit the controversy to the competent courts of the Republic of India.
Entire Agreement and Non--Waiver
These Terms and Conditions constitute the entire agreement between you and GSX Solutions Private Limited with regard to your use of our services, and any and all other written or oral agreements or understanding previously existing between you and GSX Solutions Private Limited with respect to such use are hereby superseded and cancelled.
GSX Solutions Private Limited’s failure to insist on or enforce strict performance of these Terms and Conditions shall not be construed as a waiver by GSX Solutions Private Limited of any provision or any right it has to enforce these Terms and Conditions, nor shall any course of conduct between GSX Solutions Private Limited and you or any other party be deemed to modify any provision of these Terms and Conditions.
For queries about our Terms & Conditions policy, contact us via legal@gsxsolutions.com