Terms of Use

Acceptance of Terms of Use

By registering an application and by using Spotware Connect API, you confirm that you have read, understood and agree to these terms of use.

API License

As long as you adhere to the terms of use, we grant you a limited, non-exclusive, non-assignable, non-transferable license under Spotware’s intellectual property rights to use the APIs to develop, test, and support your Application, and to let your customers use your integration of the APIs within your Application.

Cost

Spotware Connect API is offered for free. Nevertheless, Spotware Systems Ltd reserves the right to change the pricing policy without prior notice and without your consent.

Limitation of Liability

The API is provided “as is”. It is your sole responsibility to test the API and decide if it is appropriate for your business needs. Spotware Systems Ltd does not make any promises neither it provides any guarantee regarding the performance, reliability and availability of the API. In no event shall Spotware Systems Ltd be liable for any damages (including, without limitation, lost profits, business interruption, or lost information) rising out of use of or inability to use the API, even if Spotware Systems Ltd has been advised of the possibility of such damages. In no event will Spotware Systems Ltd be liable for loss of data or for indirect, special, incidental, consequential (including lost profit), or other damages based in contract, tort or otherwise. Spotware Systems Ltd shall have no liability with respect to the content of Spotware Systems products or any part thereof, including but not limited to errors or omissions contained therein, libel, infringements of rights of publicity, privacy, trademark rights, business interruption, personal injury, loss of privacy, moral rights or the disclosure of confidential information.

Modification

Spotware Systems Ltd reserves the right to modify the API and the terms of use at any time without prior notice and without any liability.

Fair Use

Resources

You agree to use the API and the resources provided by Spotware Systems Ltd in a fair and sensible manner. You should take all the measures required on your side to avoid unreasonable use of APIs resources. In case of misuse of the API, Spotware Systems Ltd reserves the right to restrict or remove access to your application.

User Data

By using the API you can gain access to sensitive users information. You may not use, store, distribute or process traders’ personal information in any way other than to fulfill the specific trading objectives which your application has been built to serve. In addition, any processing of traders’ personal information must have the explicit prior approval from the traders and a valid legal basis for the intended processing. Finally, you should not provide or embed in the application functionality that results in the execution of trading actions on behalf of the trader, without his / her explicit prior approval.

Also by using Connect API, you acknowledge that you operate in accordance to General Data Protection Regulation (GDPR) (EU) 2016/679. Spotware reserves the right to restrict or remove access to applications which are found to be in breach of GDPR and privacy-specific obligations and terms.

Use of Application Contact Details

As part of the use of the API, Spotware requires to have limited personal contact details of designated personnel of the developer and / or his team, comprising first and last names, the person’s employer’s name, email address and a telephone number. These mandatory details are a condition of using the Open API and shall be made available in the cBroker platform to Brokers (not traders) for the purposes of requesting support, if necessary. The personal data shall be retained for as long as the Open API is used by the application, and shall be removed after a maximum of 6 months following termination of such use.

Publicity

Spotware Systems Ltd reserves the right to refer to you as a user of Spotware Connect API.