These Terms of Services constitute an agreement between You (“the Client”) and PanaMoney Technologies, Inc. (“the Company”). These Terms of Service set forth the terms and conditions under which PanaMoney Technologies, Inc. provides its services including electronic access to the Client’s account. It also defines the terms, conditions as well as Your and PanaMoney’s obligations in regard to any transactions through PanaMoney’s web-site.

1. General

1.1. The Client opens a managed trading account for real-time Forex trading through the Company’s web-site.
1.2. The Client deposits money in electronic currency (1 USD at least) and/or via bank transfer (1,000 USD at least) and invests it into investment plans offered by the Company, and the Company participates in Forex trading sessions on behalf and in favor of the Client.
1.3. The Company is not a broker, agent or advisor of the Client. The Company provides no consultations, advice or expert opinions in regard to Forex trade.

2. Account

2.1. The Client can open only one multi e-currency account in the system but he/she can create an unlimited number of investment plans, each having its pre-determined investment period.
2.2. The Client can increase his/her account using one or several types of electronic currencies. Only one type of e-currency can be invested into a single investment plan, meaning no e-currencies can be combined to open an investment plan.

3. Investment Terms and Conditions

3.1. The Client invests money into one or several investment plans as follows:

• the investment of 30 – 49 USD for the investment period of 16 trading days with the maximum daily interest of 0.5% (Trial);
• the investment of 50 - 99 USD for the investment period of 100 trading days with a maximum daily interest of 1% (Beginner);
• the investment of 100 – 999 USD for the investment period of 180 trading days with the maximum daily interest of 1.3% (Standard);
• the investment of 1,000 - 4,999 USD for the period of 180 trading days with the maximum daily interest of 1.6% (Intermediate);
• the investment of 5,000 – 9,999 USD for the period of 180 trading days with the maximum daily interest of 1.9% (Advanced);
• the investment of 10,000 – 14,999 USD for the period of 180 trading days with the maximum daily interest of 2.2% (Professional);
• the investment of 15,000 – 19,999 USD for the period of 180 trading days with the maximum daily interest of 2.5% (Expert);
• the investment of 20,000 USD or more for the period of 180 trading days with a maximum daily interest of 2.8% (VIP).

3.2. The minimum for investing into a plan is 30 USD and there is no maximum limited.
3.3. The Company can any time modify the investment plan conditions subject to the provisions of section 14 hereof.

4. Money Depositing and Investing

4.1. Depositing of money to the Client’s account is executed with e-currencies (Liberty Reserve, Perfect Money and V-Money) and/or bank transfer in accordance with the Client’s Agreement.
4.2. All deposits are to be made in USD only. Deposits made in other currencies will be rejected.
4.3. Money depositing is made through PanaMoney account only. No direct transfers from e-currency accounts are allowed.
4.4. Once the money is transferred to an account (Current Account) the Client invests it into one or several investment plans (Deposit Account). All invested funds are traded on the next trading day the investment was made.
4.5. The Client can put any amount (at least 1 USD) to his/her Current Account but the minimum to open an investment plan is 30 USD.
4.6. The Client can independently choose a currency pair to be traded in each plan and change the currency pair for each plan at his/her own discretion at any time.
4.7. The change of the currency pair to be traded becomes effective on the following trading day.

5. Combining Plans

5.1. Combining means the invested amounts are summed up and can step up to a new investment plan with a higher maximum daily interest, if applicable; and the investment period of the new combined plan minus the passed trading days of the latest opened plan proceeds.
5.2. Only investment plans opened with one type of e-currency or via bank transfer can be combined.
5.3. The combined investment plan is treated as a newly opened plan in accordance with these Terms of Service. On the day of combining the investment plans involved in the combining are excluded from that day's trades, if it is a trading day. The newly created investment plan goes to trades on the next trading day and the daily profit earned by this new plan is accrued to Current Account on the following trading day.

6. Accrual and Payment of Interest

6.1. A trading session lasts Monday-Friday except for Forex holidays and days when the trading system is maintained. Unavailability of the company’s web-site due to technical reasons, downtime, does not affect our company’s activity on Forex. For the list of Forex holidays click here.
6.2. The Client receives the profit made to his/her Current Account on the next trading day.
6.3. The profit made can be withdrawn or reinvested into a new investment plan. The minimum for withdrawal is 1 USD for the accounts opened with any e-currency.
6.4. When the investment period of the plan expires, the invested amount goes to the Current Account and can be withdrawn or reinvested.

7. Reinvesting

7.1. The Client can reinvest the profit manually by investing the profit into new investment plans. The profit under the investment plans is accrued by a simple interest rate.
7.2. Reinvesting is made by opening new investment plans with a new investment period starting or by combining of existing investment plans into one. The combining sums up two or more plans made through the same payment system allowing you to have a new investment plan with a greater profit interest. See section 5 for details.

8. Money Withdrawal

8.1. The money will be withdrawn within 24 hours once the withdrawal request is made, except for weekends and Forex holidays.
8.2. The minimum amount for withdrawal via e-currency is 1 USD.
8.3. The commission for e-currency transfer is paid by the Company (except for the bank transfer).
8.4. The minimum to withdraw from the accounts opened via bank transfer is 1,000 USD.

9. Early Withdrawal

The Company’s commission for early withdrawal is 12% from the initial amount minus the profits including, in case of combining, the profits made from the plans prior to their combining as well as afterwards. The early withdrawal to be requested by e-mailing the Company’s Customer Support Department and will be executed within 5 working days.

10. Referral Commission

10.1. The Company pays a life-long referral commission equaling 5% of all amounts invested or reinvested by every referred client.
10.2. In case the referred client requests early withdrawal of the invested funds, the referral commission paid for the client is recalled and deducted from the Client’s account.
10.3. The clients who used a referral link but who are not traced by the system as referrals will see a Referral ID field in their Registration Form. When such a client does not enter or enters incorrect referral ID, no claims in regard to the referral are accepted.

11. Company’s Warranties and Representations

11.1. The Company warrants the safety of the invested amounts and accrued interest.
11.2. The Company warrants and represents that in the event of possible negative trading results its Safety Fund insures the Client’s investment from any losses. No loss is deducted from the Client’s investment or profit.
11.3. The Company guarantees all payments made in time and under the terms stipulated in this Agreement.
11.4. The Company guarantees early withdrawal of the invested money in accordance with the terms and conditions stipulated in this Agreement.
11.5. The Company is not anyhow associated with any electronic payment system and not liable for any default in their performance.
11.6. The Company guarantees any personal information of the Client will not be disclosed to any third parties except for the legitimate requests from the governmental authorities made in accordance with applicable law.

12. Client’s Warranties and Representations

12.1. The Client represents and warrants that as to the moment of acceptance of this Agreement he/she is and as of the date of execution of any other contracts and transactions with the Company shall be:
a) of sound mind, at least 18 years of age and with full legal competence, if an individual;
b) if not an individual:
1) the Client is an organization duly incorporated and competent under the applicable legislation;
2) the person executing and performing this Agreement as well as other actions and obligations hereunder on behalf of the Client shall be duly authorized by the Client to perform the same.
12.2. The Client shall keep his/her account access information secret.
12.3. The Client shall independently monitor the transactions made through the account and inform the Company of any discrepancies or unlawful access.

13. Liability and Force Majeure

13.1. The Company shall not be responsible for delays in transmission of an order due to any reasons beyond its control. As the Company does not control signal power, data transmission and receipt via Internet, or configuration of the Client's computer equipment and reliability of its connection, the Company cannot be held responsible for any data communication failure, distortion or delay when the Company trades on Forex.
13.2. The Company is not liable for any default under this Agreement resulted from force majeure circumstances, including but not limited to military actions, wars, strikes, rebellions, natural disasters, governmental bans, any breakdown in normal communications or utilities infrastructure services, etc.

14. Amendments and Modifications

This Agreement is subject to update and amendment (upon 2-trading day notice) as needed or as required by the Company. Any amendment or update to this agreement supersedes and nullifies the previous agreement in effect. The Client agrees that if the Client uses the Company’s services after such notification of changes in this Agreement, the Client will be bound by all such changes. At the time of such modification, the Client will have the opportunity to reject such modification by closure of his/her account.

15. Governing Law and Dispute Resolution

15.1. This Agreement and all the terms herein shall be governed by and construed in accordance with Panama Corporate Law without giving effect to any conflict of law provisions.
15.2. All disputes arising from this Agreement shall be resolved by negotiating. If negotiations are no success, such disputes shall be settled in courts of Panama under Panamanian legislation.