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Service Agreement for SNIPER Monthly
Liquid Fintech Ltd UK distributes the subscription plans for BluLive branded Sniper account. Liquid is based in the United Kingdom, with its principal place of business at 20-22 Wenlock Road, London UK.
These General Terms and Conditions apply to all our services and platforms. Please read them carefully. We also recommend that you check this page often for any changes to our general Terms and Conditions for BluLive (“us”, “we”) website. Terms and Conditions of Registration are in addition to the general Terms and Conditions of Reading.
- You agree that:
(1) You will keep your username and password safe and won’t share them with anyone.
(2) You will not pass yourself off as someone else or create multiple false accounts. You will only operate your account and not let anyone else use your account.
- If you breach these or any of our other terms and conditions, we reserve the right to close your account; if we do so, we may close all accounts you have open in your name.
- To deactivate your account, don’t hesitate to contact our support team by support ticket; or via their details found under “contact us” on our home page.
- No waiver by us of any breach of these terms shall constitute a waiver of any other prior or subsequent breach, and we shall not be affected by any delay, failure or omission to enforce or express forbearance granted in respect of any of your obligations.
- The rights and remedies of this, under these terms, are independent, cumulative and without prejudice to its rights under the law.
- These terms are not intended to create and shall not create any rights, entitlements, claims or benefits enforceable by any third party under the Contracts (Rights of Third Parties) Act 1999.
Sniper is for the trader ready to exploit the market on their own terms. Subscribe and within 2 hours, deploy your $10,000 verified real account and receive unlimited payouts every 5% ($500) profit made.
Sniper is suited for the serious trader ready to build an account and transition to full time pro. Monthly fees means that the trader can fix liability on a monthly basis with unlimited profit potential.
J Curve Loyalty Scheme
After your first 3 months of subscription, you will pay half of the original subscription for the next 3months ($35) and it doesn’t stop there, there is a further 50% slash if you stick around consistently for another 3months ($17.5)
1st month – 3rd month —> $70 per month 4th month – 6th month —> $35 per month 7th month – 9th month —> $17.5 per month
Note, the above is for traders who do not break their subscription cycle and adhere to our simple terms and conditions. (Make sure your wallet is topped up before expiry)
The trading account, funds, profits, remains our property. External trading signals, copy trading or any form of 3rd party account data platforms are strictly prohibited, simply generate your own signals and get paid
Specific Plan Parameters
Leverage – Absolute Minimum
Drawdown -Absolute Maximum %
Profit Target for Growth
Trader Profit Share
Leverage – FX majors and minors
3 Month Loyalty Discount
EA, Bot or Scripts
IP or Device Sharing
Leverage – Absolute Maximum
# Positive Trading Days
Profit Target for Withdrawal
The trading account, funds, profits, remains our property. External trading signals, copy trading or any form of 3rd party account data platforms are strictly prohibited, simply generate your own signals and get rewarded for winning.
Do well to always visit our terms and conditions as they will be amended at any time, including our prices or fees at any time. All changes or additions have an immediate effect without notification being required. Also, feel free to consult us if you object to any of our amendments, as it may terminate the agreement or you can decide not to renew. Termination will never result in any repayment obligation for BluLive.
Target completion is strictly within the parameters and conditions set out below and agreed to during the onboarding and funding process only. You keep 60% of your profits if and when a profit target of 5% is reached.
You may only trade on major and minor pairs. Any combination available of the following currencies may be traded as pairs: CHF, USD, GBP, EUR, JPY, CAD, AUD, NZD.
You may not trade exotic pairs or indices. None of the following currencies may be traded: XAG, XAU, SEK, CHN, HKD, MXN, NOK, DILS, ZAR, TRY. Trading in any of these currencies is classed as unauthorized trading activity. Any trading in these currencies creates additional risk mitigation costs far more than the subscription.
You must adhere strictly to a maximum loss of 10% of starting balance. Once you find yourself breaching the maximum drawdown, you must stop trading. Continued breach of the maximum drawdown will be classed as unauthorized trading activity.
Hedging is not allowed. Two or more opposing positions that result in margin limit breaches are deemed to be unauthorized trading activities. Hedging across accounts controlled by the same trader is unauthorized. You may not use EA’s, scripts or robots. Nor may you engage in copy trades, hedging or following other trader’s entry and exit signals. All trades must be based on your analysis and decisions and placed by you only.
We are not responsible for any technical issues arising from the usage of MT4 or any other systems provided by their appointed brokers.
Only one account per individual is permitted. You will be billed on a recurring 30-day rolling period. You may cancel at any time by sending a cancellation request email to firstname.lastname@example.org or using any such option inside our portal.
You have 24-hour trading. You are authorized to open, hold or close positions whenever the markets are open. However, all trades must be closed at 2100 on Friday (2300 MT4 time).
Once you achieve profit or growth target, you will be awarded senior trader status. Senior traders behavior maps and real-time data may be rendered anonymous in such a manner that the data subject is not or no longer identifiable and may be pooled and made available outside our allocation matrix.
Profit Withdrawal Schedule
You are compensated on a profit split basis only. You keep 60% of all profits if and only when a profit target of 5% is reached.
Requests for withdrawal can be made whenever the account balance is at least the original 100% + 5% and the subscription is active
Withdrawals in blocks of 5% above the original balance are deducted upon request from the trading account. There are no limits on the number of withdrawals made weekly. A 40% share of every account withdrawal is transferred to the investors’ pool and 60% to your dashboard wallet and is held separately from the trading account. The total amount requested from the wallet will be sent to you on the following scheduled payout Friday.
Withdrawals are processed up to Friday each week and payouts are made on the following scheduled Friday.
Payments will be made by bank transfer, Perfect Money or PayPal to an account in your own name. Alternative payment methods may be available, however, you must ensure that bank transfers related to FX are receivable by the institution and its regulators in your geographic location. Our partners with local brand ambassadors in various countries to assist in payouts.
For third party credit cards, the credit card holder is required to provide the written acceptance of terms and conditions as well.
We will not be responsible for failure to deliver a payout due to adverse regulatory directives or rejection in any country or region. Nor will payment be re-sent in the event of rejection of transfer by the receiving foreign institution. Any rejected payment will be kept in the dashboard wallet until an alternative method is provided and then sent the following scheduled Friday.
We do not charge for trading account withdrawals or payout by the LiquidPay system. PayPal, USDT, Perfect Money may apply a transfer charge. You (The receiver) may also be charged by their receiving payment system. Foreign bank transfers will be subject to a £35 fee by LiquidPay.
Payouts will be made in the same currency and at the same exchange rate as the subscription and to any method owned in name by you. Cryptocurrency may only be used for payout to those subscribing in that currency and only to the same wallet address used for subscription.
Failure to complete attempted payout delivery for any reason within 3 days of the scheduled Friday will result in deferment to the next scheduled Friday. Payouts will only normally be processed on scheduled Fridays.
Unauthorized Trading Activity
Unauthorized trades detected during account withdrawal or upgrade will result in account restriction and investigation. Any unauthorized trading will leave you ineligible for withdrawals or account growth.
Unauthorized trades are defined as those involving restricted pairs or trades that are deemed copy trades or have been placed by anyone other than the KYC subscriber. Unauthorized trades will cause your account to be investigated. Any failure of the liveness test will lead to restriction and then forfeiture. Full subscription refunds will be given in some extenuating circumstances or cases accepted by the risk team.
Any funds gained in the trading account as a result of unauthorized trades will be removed from the account and credited to our firm at investor/trader withdrawals.
All investigations related to unauthorized trading activities are flagged and implemented autonomously by our AI risk system and are final.
You are not allowed to trade multiple accounts open simultaneously. This includes accounts in your name and/or other people’s names. This includes trading for friends, family, and/or a group. If you are trading multiple accounts, all affected accounts will be terminated, and pending withdrawals will be forfeited.
Only one account per verified individual is permitted. You are not permitted to allow other traders trade your account and may not trade on any other of our accounts. The automated risk system will use account activity timing and correlation, IP addresses, device IDs and behavioral data maps as a basis for determining unauthorized trading activity. Promotional accounts may be available to standard account holders. However, this will be implied explicitly in the terms of the plan.
You must be contactable on the WhatsApp, Telegram or Signal messaging apps or telephone number provided during verification, whenever a position is held in the markets. Our firm reserves the right to demand additional optical liveness tests. You, the authorized and known account holder must pass such ‘liveness tests’. Failure to pass a liveness test or to contact the trader or verify your identity will result in account forfeiture. Subscription refunds may be offered at the discretion of the risk team for liveness test failure due to mitigating circumstances backed by evidence and accepted by the risk team.
Any account under investigation for unauthorized trades or deemed engaged in copy trades will only be allowed to spend 50% of their wallet balance until the account is cleared.
Cash payouts will not be made to you without passing a liveness test. If the account is not cleared after the investigation, forfeiture will result.
An account will remain under investigation until identity is confirmed, and trading behavior is accepted as normal.
Liveness tests are conducted in the ‘Optical Arena’ located in the dashboard. A “liveness test” is an optical verification that ascertains your presence and awareness. A “liveness test” may be requested at the following times
* During the initial onboarding process
* At anytime a position is opened, held or closed
* Whenever a weekend position is requested
* When a payout is processed
* Whenever a change of IP address, login behavior or device number is detected
Invitation to liveness test is by a dashboard notification and an email message or a telephone call requesting you to join the ‘Optical Arena’ using the provided password. We may also use the messaging system that you specified during onboarding. A quick optical scan during the video call is then performed. The process takes less than a minute. Once you are invited to optical verification, you have 15 minutes to provide the scan. Any failure to attend or pass the optical verification will result in account forfeiture. No payouts or refunds will be given to any person failing a liveness test. In any instances where money laundering, ID theft, or fraud is suspected, a report will be sent to the broker’s compliance officer. If (you) the customer known to the company is not the person operating the account, instant forfeiture will result.
A liveness test will typically be requested only when you have actively placed trades, changed IP address, and changed login behavior. In these instances, you are deemed to be contactable and are therefore required to submit to an optical test within 15 minutes. Your time zone will not be accepted as a mitigating excuse for failing the test.
For clarity, the listed events require you to be contactable via email, phone or dashboard notification. Therefore it is your responsibility to provide adequate and current methods to contact you within 15 minutes when you operate our funded account.
Refunds may be requested within 14 days of the INITIAL subscription
The amount receivable is based on the number of days remaining on the license divided by 30, and then multiplied by the license fee.
Any losses made during the period of subscription are deducted from the refund amount.
If losses exceed the value of the amount based on the number of days remaining on the license divided by 30, and then multiplied by the license fee, then you are ineligible for a refund
Refunds will not be issued should you continue to trade after requesting the refund.
Sniper subscribers are entitled to free refinance upon resubscription. This is only available to those without unauthorized trades on record.
Liquid Markets or its brokers may change margin requirements at any time in line with perceived or actual excessive changes in volatility and/or liquidity.
Liquid Markets or its brokers may cancel orders or trades at any time in line with the perceived or actual risk of non-execution of stop or limit orders due to market conditions. Accounts under margin calls may not carry weekend positions and margin called total or partial positions may be liquidated by the system at any time.
Liquid Markets or its brokers are not responsible for the variable spread, liquidity levels or limit order execution parameters provided by liquidity providers and market makers.
Account leverage and/or required margin percentages may fluctuate in line with the average daily range across the majors and minor pairs.
You are required to read our account parameters and limits before trading. Unauthorized trading activity due to ignorance of the parameters will lead to the forfeiture of the trading account. Parameters and limits apply equally to every real account, demo or promo.
CONFLICT OF INTEREST AND TRANSPARENCY
FCA regulators in the UK allow Liquid to provide its own network funds for trading via regulated brokers. Liquid itself does not require regulation as it is a proprietary trading fund.
Liquid Markets, Liquid Businesses and Liquid Cap are associated. Collectively ‘Liquid’ does not provide or carry on any brokerage or agency business. The group is a provider of venture and trading funds.
All spot forex or FX futures trading accounts are margin funded by Liquid and are held at fully independent regulated brokers in Europe or Australia. Liquid have no ownership or financial interest in any broker, liquidity provider or liquidity bridge or ECN.
Liquid provide no opportunities for investment advice or custodianship of any funds
Spot Forex trades are passed by our brokers to liquidity providers and are risk-managed using rule-based trading algo.
Liquid and its partners benefit from the use and sale of data and signals created collectively by subscriber traders.
TERMINATION OF SUBSCRIPTIONS, PROCEDURE AND APPEAL
We may, in our sole judgment, terminate your account, in the following circumstances.
Breaking of the drawdown rule, defined in Trading Rules on the website.
Liveness test failure.
Breaking rules, after being warned that the continued breaking of such rules constitutes a reason to terminate your account.
Gross negligence or malicious intent on your part, including unauthorised trading, social media posts or reviews falsely implying a breach of agreement terms by our firm. Any action taken by us that conforms to the stipulations within the terms and conditions agreed by by both parties during the onboarding process may not be offered publicly without the full context of the specific clause in the terms and conditions agreed to or in bad faith.
You, the customer, are not allowed to trade multiple accounts, open at the same time. This includes accounts in your name, and/or other people’s names. This includes trading for friends, family, and/or a group. In case you are found out trading multiple accounts, all affected accounts will be terminated.
Group trading is not allowed and will result in the termination of all affected accounts. Group trading consists of multiple persons trading the same system or strategy, resulting in near-equal trades. Generally speaking, upon account withdrawal a correlation analysis is run by the risk team. Any account displaying above the threshold correlation factor with other accounts will trigger an investigation.
Accounts under investigation will be disabled immediately and you will be invited to appeal once the risk team has concluded the investigation or after a maximum of 1 week.
In the event the account is cleared the subscription will be extended by a week.
In the event the account is found to have broken the rules, forfeiture will follow with .
Termination or forfeiture will never result in any repayment obligation for our firm.
You are not responsible for any losses on accounts, except in the case of Gross Negligence or Malicious Intent. In the case of Gross Negligence or Malicious Intent, you are responsible only for any losses due to this Gross Negligence.
You will be liable for any loss of income due to damage to the reputation for our firm as a result of publishing falsehoods or engaging in slanderous or libelous conduct
ANTI-MONEY LAUNDERING POLICY (AML)
Money laundering is the criminal process of converting the amounts of illegally obtained money (by terrorism, corruption, drug dealing, etc.) with hiding its true source into legal investments. It happens because the illegal nature of such funds will not be discovered due to them becoming of material value.
The government of every country fights against money laundering and terroristic financial operations because it is necessary to prevent the entry of criminal funds into the economy. Financial and commercial institutions are the most easily accessible for illegal processes of terroristic and criminal organizations. Broker currency services are especially vulnerable. Thus, the company and its brokers take an active part in the prevention of such criminal activity in the whole world.
Please see our AML Policy for full details. For our AML objectives we make the following actions:
We conduct the process of verification of your identity and personal information and monitor all trades and transactions made by you.
Our team traces all suspicious trades and also those made under irregular circumstances.
If we suspect any illegal account activity, we have the full right to cancel such accounts at any time.
According to international law, we are not not obligated to give you any reasons or notifications about suspicion of the user’s criminal actions.
Such company actions are based on the AML FATF references.
Multiple Accounts Policy
It is prohibited to have or to control more than one real account on our platform.
If it is detected that a customer has more than one account, all of the accounts will be disabled. The customer may be permitted to continue with a single re-subscription, while the others will stay blocked permanently.
If it is concluded that a customer controls multiple accounts to overcome the margin limits set by the company, AML suspicious activity report may not be sent, but a fraud report may still be sent.
By purchasing Sniper plan, you agree that you have read these terms and conditions.
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