Terms of Use
TERMS FOR USING THE FORWARD CONTRACT TRADING FEATURE ( FORWARD-X)
1. Introduction
Welcome to the forward contract trading platform (Forward-X) provided by ONFA. Before using, you must read, understand, and accept all the provisions below. Using the ForwardX feature constitutes your agreement to these terms.
2. Definitions
ForwardX: is bilateral contract (OTC - Over The Counter) between two parties, not through any centralized exchange.
Testing: Trial trading; orders will be automatically closed after 1 hour.
Isolated Margin: Uses only a specific portion of margin, helping to limit risk.
Liquidation Price: The price level that causes the order to be closed and liquidated.
3. Conditions of use
Users aged 18 or older with full civil legal capacity.
Compliance with the laws of the place of residence.
Completion of identity verification (KYC).
Understanding that the entire margin may be lost.
4. Disclaimer
4.1. No profit guarantee
ONFA does not guarantee any profits.
Investment decisions are the responsibility of the user.
4.2. No liability for losses
Not liable for losses resulting from trading.
Losses may include loss of assets, opportunities, data, etc.
4.3. Technical risks
Affected by network, system, or data incidents.
Users are responsible for ensuring their devices and connections.
4.4. Legal risks
ForwardX may be restricted in certain countries.
ONFA not responsible if users violate local laws.
5. Risk warnings
5.1. Leverage
Amplifies both profits and losses.
Small volatility can lead to liquidation.
5.2. Liquidation
Price moving against the position → liquidation.
May lose the entire capital, including in Isolated Margin mode.
5.3. Market volatility
Markets can be highly volatile and susceptible to news/policy.
Volatility can occur 24/7.
5.4. User knowledge
Must understand the ForwardX product, risks, and technical analysis.
Lack of knowledge can easily lead to severe losses.
5.5. Third parties
Prices and liquidity may depend on third-party data.
ONFA does not have full control over accuracy.
6. Risk management
Only use capital you can afford to lose.
Use stop-loss and take-profit.
Do not use the entire balance as margin.
Monitor positions regularly.
Prefer low leverage when starting.
7. Account security and safety
Secure your account; do not share it with third parties.
Notify immediately if there are signs of unauthorized login.
Supports two-factor authentication (2FA).
8. Changes to terms
ONFA reserves the right to update or change the provisions without prior notice. Users should actively monitor.
9. Suspension / limitation of service
Violation of the terms of use.
Fraudulent behavior, money laundering.
Requests from law enforcement authorities.
10. Contact and support
Email: [email protected]
Telegram: @onfasupport
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