# Terms & Conditions-YUBIT TradFi Welcome to **YUBIT TradFi trading service** . Before using the TradFi-related products and services provided by YUBIT, please carefully read and fully understand these "YUBIT TradFi Trading Terms and Conditions" (hereinafter referred to as " **these Terms** "). By accessing, opening or using the YUBIT TradFi trading service, you indicate that you have read, understood and agreed to accept all the contents of these Terms.If you do not agree with any of these terms, please do not activate or use the relevant services. *** ### 1.Definition and scope 1.1 **YUBIT TradFi Trading Service** refers to the derivative trading services based on the price fluctuations of traditional Financial Marekt underlying products provided by YUBIT platform to eligible users, including but not limited to foreign exchange (FX), indices, commodities, contracts for difference (CFDs) and other TradFi products supported by the platform. 1.2 TradFi products are **financial derivatives** , and users trade the price fluctuation exposure of the underlying asset, not the underlying asset itself. 1.3 These Terms apply to all users who open, access or use the YUBIT TradFi trading service; if there is any inconsistency between these Terms and the YUBIT platform total user agreement, risk warning, Privacy Policy, product rules, announcements or other supplementary terms, the special project rules separately published by YUBIT for TradFi products shall prevail. *** ### 2.User Qualifications and Admission Conditions 2.1 Before using YUBIT TradFi trading services, users should complete the registration, identity verification (KYC), and other necessary verification procedures required by YUBIT. 2.2 Users should have full capacity for civil conduct and confirm that the laws and regulations of their location allow them to use this service. 2.3 Due to compliance, supervision, legal policies, risk control or business arrangements, YUBIT TradFi trading service may not be available to users in some countries or regions. YUBIT reserves the right to adjust the list of restricted regions according to the actual situation without further notice. 2.4 Users should ensure that their accounts, devices, network environment, and operational behavior comply with YUBIT's risk control requirements. YUBIT has the right to take measures such as access restrictions, transaction restrictions, function closures, supplementary verification, freezing or termination of services on user accounts based on factors such as threat and risk assessment, device fingerprints, login environment, transaction behavior, source of funds, and suspicious activity identification. *** ### 3.Product property description 3.1 The YUBIT TradFi product does not represent the user's actual ownership of the relevant stocks, indices, foreign exchange, commodities or other underlying assets. 3.2 Except as expressly stated by YUBIT, the user does not enjoy the shareowner rights, voting rights, dividend rights, Physical Delivery rights or other similar rights corresponding to the underlying asset by holding TradFi positioning. 3.3 Users who trade on TradFi only participate in the settlement of profits and losses caused by price fluctuations based on platform rules. 3.4 All order matching, quotation, closing, risk control, clearing and related processing shall be subject to the records and final results of the YUBIT platform system. *** ### 4.Trade Opening and Risk Awareness 4.1 Before activating the TradFi trading function, users should carefully read and understand these terms, product descriptions, risk warnings, and related fee rules. 4.2 YUBIT reserves the right to require users to complete risk awareness confirmation, suitability assessment, questionnaire testing, or additional statements before opening. 4.3 Users should judge for themselves whether TradFi products are suitable for their risk tolerance, financial situation, trading experience, and investment objectives. YUBIT is not responsible for the suitability of users' transactions. *** ### 5.Leverage, margin and position requirements 5.1 TradFi products support leveraged trading. The available leverage, initial margin ratio, Maintenance Margin ratio, maximum positioning, minimum trading unit, and other parameters may vary among different products. The specific parameters are subject to the trading page display and platform rules. 5.2 During the process of opening, holding and position squaring, the user must always maintain a sufficient margin level. If the margin is insufficient, it may lead to additional margin reminders, restricted orders, reduced positions or forced position squaring. 5.3 YUBIT reserves the right to adjust at any time based on market fluctuations, liquidity, regulatory requirements, holiday arrangements, major events, product risk levels, or other circumstances: * Maximum leverage multiple * Initial margin requirement * Maintenance Margin Requirements * Positioning restrictions * Single/daily transaction limit * Risk control threshold 5.4 The above adjustments may take effect immediately and apply to new and/or existing positioning. Please refer to the platform announcement or system display for details. *** ### 6.Negative balance protection 6.1 In order to reduce the risk of users bearing more than the available assets of the account in extreme market conditions, YUBIT may provide **negative balance protection mechanisms** to eligible users according to product rules, account status, risk control strategies and applicable regions. 6.2 Negative balance protection usually refers to: in specific situations, such as when the user's TradFi account has a negative balance due to market volatility, lack of liquidity, gaps, extreme events, or system execution, YUBIT can handle the negative balance part that meets the conditions according to internal rules. 6.3 **Negative balance protection does not automatically apply and does not constitute unlimited protection against all losses, all accounts, all products or all market situations.** 6.4 YUBIT reserves the right to restrict, refuse to apply or revoke negative balance protection in the following circumstances: * Users engage in abnormal transactions, market manipulation, rigging, abuse of rules, and multi-account association. * Users use proxies, scripts, automated programs, API abuse, arbitrage models, or other trading methods deemed inappropriate by the platform. * The user engages in fraud, false identity, circumvention of regional restrictions, or violation of these terms. * Related losses are caused by user violations, external system attacks, third-party failures, or force majeure. * YUBIT determines that negative balance protection is not suitable for other situations. 6.5 The specific application scope, handling method and audit standard of negative balance protection shall be independently determined by YUBIT in combination with the actual situation, and the final interpretation right shall be reserved. *** ### 7.Fees, spreads, and other costs 7.1 When using TradFi trading services, users may be required to bear the following fees, including but not limited to: * Transaction fees * Spread cost * Overnight fee * Extension fee * Funding costs * Exchange rate conversion costs * Publicity fees on other platforms 7.2 The fee structure of different TradFi products may vary. Users should refer to the YUBIT platform page display and the latest rule explanation. 7.3 YUBIT has the right to adjust the fee standards based on market conditions, liquidity changes, regulatory requirements, business arrangements, and other factors. The adjusted fees will take effect after the platform announces or system updates. 7.4 Users should confirm the relevant costs themselves before placing an order. YUBIT is not responsible for any losses caused by users not fully understanding the cost rules. *** ### 8.Order Submission and Execution 8.1 Users can submit trading instructions according to the order methods supported by YUBIT, including but not limited to market orders, limit orders, take profit and stop loss orders, and other order types supported by the platform in the future. 8.2 Order execution is affected by factors such as market price, liquidity, depth, volatility, trading hours, risk control restrictions, technical status, etc. YUBIT does not guarantee that orders will necessarily be executed, nor does it guarantee that they will be executed at the user's expected price. 8.3 When the market fluctuates violently, there is insufficient liquidity, gaps, high-frequency quote changes, sudden news events, macroeconomic events, or system protection mechanisms are activated, the following situations may occur in user orders: * Delayed transaction * Partial transaction * Cannot close the deal. * Transaction price deviates from expectations * There is a difference between the trigger price of take profit and stop loss and the final transaction price * The order has been cancelled, rejected, or re-verified 8.4 The User understands and agrees that **slippage** is a normal market phenomenon that may occur in leveraged derivatives trading. *** ### 9.Trading hours and market arrangements 9.1 The trading hours of TradFi products may be different from those of crypto-asset products, and are usually affected by the opening, closing, holidays, clearing times and related market arrangements of the global traditional Financial Marekt. 9.2 Some products may suspend trading, restrict opening or adjust risk control parameters on weekends, holidays, settlement windows, before and after major data releases, and during periods of extremely low liquidity. 9.3 YUBIT reserves the right to adjust the trading hours, settlement times, product parameters or opening status according to market arrangements, liquidity conditions, holiday arrangements, system maintenance or other needs. *** ### 10.Handling abnormal market conditions and risk events 10.1 If any of the following situations occur, YUBIT has the right to take necessary measures to maintain the stability of the platform system, market fairness, and the overall interests of users: * Extreme fluctuations * Market gap * Quotation interruption * Abnormal liquidity * Price source failure * Black Swan Incident * Major external events such as wars, sanctions, policy changes, and natural disasters * Technical malfunctions, system anomalies, third-party service anomalies 10.2 YUBIT may take the following measures as appropriate, including but not limited to: * Suspend trading of some or all TradFi products * Adjust leverage, margin, positioning limits * Limit opening, adding, reducing or position squaring * Cancel abnormal order * Correction of abnormal transactions * Enable alternate price source * Forced reduction or forced liquidation * Perform temporary risk isolation processing 10.3 The above processing may affect the user's orders, positions, and profits and losses, and the user understands and agrees to this. *** ### 11.Forced position squaring and automatic reduction 11.1 When the risk rate of the user account reaches or falls below the threshold set by the platform, YUBIT has the right to initiate a mandatory position squaring mechanism to reduce the risk of account default and the overall risk of the platform. 11.2 In extreme market conditions, even if a forced liquidation has been triggered, the user's final transaction price may still be worse than expected, and losses may not be completely avoided. 11.3 For products with high risk, insufficient liquidity or abnormal volatility, YUBIT may take automatic position reduction, partial position squaring, order restriction or other risk handling measures in accordance with internal rules. 11.4 The User agrees that any forced liquidation, position reduction or related measures implemented by YUBIT to control risks do not constitute a breach of contract with the User. *** ### 12.Fund settlement and account records 12.1 The profit and loss, fees, capital changes, and other settlement results of TradFi transactions shall be subject to the final records of the YUBIT system. 12.2 Users should regularly check their account balance, position status, order records, expense details, and settlement records. If users find any abnormalities, they should contact YUBIT customer service in a timely manner. 12.3 If the displayed data is inconsistent with the final result due to technical failures, abnormal price sources, settlement errors, system delays, or other reasonable reasons, YUBIT has the right to correct it. *** ### 13.Risk control, monitoring and limitation 13.1 Risk Monitoring and ReviewIn order to maintain account security, fair trading, market order, fulfill Anti Money Laundering, anti-fraud, sanction compliance and other legal obligations, and protect the legitimate rights and interests of the platform and users, YUBIT has the right to continuously monitor, identify, review and threat and risk assessment of users' TradFi accounts, trading behavior, orders, positions, asset changes, fund flows, login devices, network environment and related operations. If the user exists, is suspected to exist, or YUBIT judges based on reasonable grounds that any of the following situations may exist, YUBIT has the right to take corresponding measures according to the degree of risk: （1）Account and identity abnormalities The account has security risks such as abnormal login, abnormal devices, abnormal IP addresses, and abnormal regional access. There are situations of account lending, renting, transfer, proxy operation, fraud, theft, or unauthorized use. Provide false, inaccurate, incomplete, outdated, or misleading identity information, authentication materials, or transaction information. Failure to complete identity authentication, supplementary information, enhanced due diligence, or video verification as required. (2) Abnormal transactions or market abuseThere are behaviors such as self-transaction, knock-on, fake traffic, wash sales, false orders, and false liquidity creation. Utilize special market conditions such as low liquidity, abnormal spreads, delayed quotes, market gaps, abnormal fluctuations, major news events, market closures or near-closing to conduct abnormal trading. Utilize high-frequency, programmatic, automated, or other technical means to circumvent platform risk control restrictions. Utilizing platform trading mechanisms, matching logic, quotation systems, clearing and settlement mechanisms, or interface vulnerabilities to obtain improper benefits.Utilize multiple accounts, associated accounts, proxy tools, VPNs, or other methods to circumvent warehouse restrictions, frequency restrictions, limits, or other platform rules. Other abnormal trading behaviors that clearly deviate from normal trading purposes and may harm market fairness or platform security. (3) Funding and compliance risksAbnormalities exist in the source, purpose, transaction path, and fund circulation of funds.• Suspected of money laundering, terrorist financing, fraud, cash withdrawal, illegal fund-raising, sanctions evasion or other illegal activities;Violating this agreement, platform rules, activity rules, product rules, or applicable laws and regulations.There are other reasonable risk situations that can affect the security, compliance, or normal operation of the platform. 13.2 If the user has or is suspected of having the following behaviors, YUBIT has the right to unilaterally take restrictive measures: * Manipulate the market * Self-transaction, knock, fake traffic * Use multiple accounts to circumvent rules * Use proxies/VPNs, etc. to circumvent regional restrictions * Profit from system, quotation, activity, or rule loopholes * Provide false identity information * Violating these terms, platform rules, or laws and regulations 13.3 Restrictive measures include but are not limited to: * Restrict login * Limit placing orders * Limit open/position squaring * Restricted withdrawals/transfers * Pause TradFi feature * Request additional KYC/video verification * Freeze accounts * Cancel the reward * Recovery of abnormal gains * Termination of service *** ### 14.System, network, and third-party dependency risks 14.1 Users understand that TradFi trading services rely on system support such as the Internet, servers, third-party liquidity, quote sources, payment and clearing infrastructure, etc.14.2 YUBIT shall not be liable for any order delay, transaction deviation, data interruption, inability to log in, abnormal position display or other losses caused by the following reasons within the scope permitted by applicable law: * Network interruption * Equipment failure * Power interruption * Hacker attacks * Virus or malicious program * Communication link failure * Third-party service exception * Force majeure event 14.3 Users should take necessary measures to ensure the security of their accounts and devices, including but not limited to enabling two-factor authentication, properly keeping passwords, and avoiding shared device login. *** ### 15.User Statement and Commitment 15.1 The user declares that it has fully understood the high-risk nature of TradFi leveraged derivative trading and is willing to bear the risks and consequences arising therefrom.15.2 Users undertake that their use of YUBIT TradFi services does not violate applicable laws and regulations in their region, nor does it infringe on the legitimate rights and interests of any third party.15.3 Users shall not use YUBIT TradFi services for any illegal purposes, including but not limited to money laundering, fraud, market manipulation, sanctions evasion or other illegal activities. *** ### 16. Changes to Terms and Service Adjustments 16.1 YUBIT reserves the right to amend these Terms based on regulatory requirements, market changes, business development, risk control strategies or other reasonable reasons.16.2 The revised terms will take effect once they are announced, displayed on the platform, page or system.16.3 If the user continues to use the YUBIT TradFi service after the terms are revised, it is deemed that they have accepted the updated terms.16.4 YUBIT has the right to add, adjust, suspend, take offline or terminate TradFi products according to business development needs, and does not need to bear indirect loss liability to users. *** ### 17.Disclaimer 17.1 YUBIT TradFi trading services are provided on an " **as is** " and " **as available** " basis. 17.2 YUBIT makes no express or implied warranties as to: * Service continues uninterrupted * Quotation is absolutely accurate * The order will definitely be completed. * Users will definitely profit * Products are suitable for specific users * Market fluctuations can be fully controlled 17.3 These Terms, this Service Description, market information, event information, customer service responses, or other content of the platform do not constitute any investment advice, financial advice, legal advice, or profit commitment.17.4 Users should make trading decisions independently based on their own judgment and bear all trading risks and consequences. *** ### 18. Final interpretation right Within the scope permitted by applicable laws and regulations, **YUBIT reserves the right of final interpretation of these terms and the relevant rules of YUBIT TradFi trading services** --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://yubit.gitbook.io/yubit/tradfi/terms-and-conditions-yubit-tradfi.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.