Order Execution Policy
1) Introduction
The present Risk disclosure document describes the key risks associated with using the Quan2um exchange platform (“Exchange”), website www.quan2um.com (“Website”), any services provided on the Website or Exchange (“Services”), and digital currencies (cryptocurrencies) as a whole. By accessing and using the Website, Exchange and any of the Services you declare and guarantee that you are aware of all the risks described in this document and accept them. Further, you agree that any transaction you execute on the Exchange is at your own risk. The Company will not be held liable for any damage or loss resulting from the practical realization of any of the risks described below.
2) General cryptocurrency risks
Blockchain and cryptocurrency are a new and untested technology, subject to numerous risks, including, but not limited to: - Hacker attacks and theft; - Network breakdown; - Vulnerabilities in the source code; - Server and mining hardware breakdown; - Actions by the relevant regulating authorities; - New technology and techniques able to break the cryptographic code.
3) Risks of digital currency deposits and withdrawals
Any transfer cryptocurrency to and from the Exchange requires a certain number of confirmations from the blockchain network, with the exact number dependent on the specific cryptocurrency used. Confirmations may take a significant amount of time to obtain, and there is always a risk that your transaction will not be completed, or that it will be canceled before the required number of confirmations is obtained. Therefore, the cryptocurrency transferred by you to the Exchange may not appear on your trading balance, and the cryptocurrency withdrawn by you may not arrive in your external blockchain wallet.
4) Risks of electronic transmission
All the orders registered on the Exchange are transmitted and executed electronically. Therefore, your orders may not be executed, executed late or at the wrong price, or not executed as intended, or an order that you did not intend to execute may be executed, or you may not be able to use the system temporarily or permanently, for many reasons, including (but not limited to) the following:
- Failure of the Exchange's hardware, software, servers, and data centers;
- Internet network failure on the side of the Company or on your side;
- An attack on the Exchange's networks, databases, and systems;
- An unexpected surge in user activity;
- An attack on or failure of the hardware or software operated by the Exchange's partners, contractors, and affiliates (such as payment service providers or KYC providers);
- An identity theft (a theft of your user credentials)
The Company may cancel any transaction that was executed not as intended, executed late, or at a wrong price for any of the reasons listed above.
The Company will not be liable for any damage, loss, costs or lost gains incurred for any of the reasons listed above.
5) Risks of price fluctuation and price retrieval
The price of digital currencies constantly changes based on a large number of economic, political, regulatory, financial, and market factors. It is not uncommon for the price of a digital currency to rise or fall sharply within a short period of time. Such price fluctuations are impossible to predict and can result in your digital currency partially or fully losing its value, resulting in financial losses.
In case of sudden volatility, as well as in other cases, the Exchange may not be able to retrieve the correct price of a digital currency, leading to your transaction being executed at a wrong buy or sell price, resulting in financial losses. The Company will take the reasonable effort to cancel and roll back the transactions executed at a price; however, the Company will not be liable for any loss incurred if there is no practicable possibility to roll back or cancel the trades in question.
Further, price fluctuations can happen outside of the Company's working hours or during periods of maintenance. The Company will not be liable for any damage or loss resulting from you carrying out trades outside of the working hours of the Exchange.
6) Market and liquidity risks
Under certain market conditions (such as a lack of liquidity), it may be impossible to execute your transaction at the desired price or to reverse a trade executed at an unfavorable price. This can result in significant losses.
7) Trading terms risks
The Company reserves the right to change the trading fees, stop order rate, required margin, and other trading requirements. Any such change can prevent you from executing a trade or require you to deposit funds in your trading account, possibly resulting in losses.
8) Margin trading risks
Margin (leverage) trading is associated with particularly high risk, which is proportional to the size of the leverage (margin). If the value of your margin begins to fall as a result of an adverse market movement, the Company has the right to forcibly close all your pending positions, carry out a reverse trade, and execute a settlement. This procedure is known as a stop-out. The price at which the position closure, reverse trades, and settlement are executed can differ significantly from the price at which the stop-out is activated. This can result in a loss that exceeds the size of your margin, in which case you are obliged to immediately compensate the difference to the Company, which acts as the leverage broker.
9) Regulatory risks
The Company is regulated by the applicable legislation of Estonia and the EU. As such, it is obliged to comply with the official requests of the regulating authorities and any new legislative norms that may take effect in the future.
By using the Exchange, you accept and agree that the legal status of digital currencies is still undefined in many jurisdictions.
The regulating authorities may introduce new measures and rules at any moment, including, but not limited to:
- Completely banning the use of cryptocurrency, including trading;
- Increasing taxes on income in cryptocurrency (such as income derived from trading) or introducing new taxes on cryptocurrency;
- Restricting the activity of digital currency exchanges; - Introducing new customer verification measures;
- Investigating the activities of digital currency exchanges and their users.
In any of these cases, the Company may be forced to freeze your assets or your trading accounts, block deposits and withdrawals, suspend or terminate your account, or disclose your personal data to the authorities. The Company will not be liable for any damage, costs, or losses (including lost gains) that may result from the realization of any of the regulatory risks listed above, as well as of any regulatory risk not listed here.
In certain cases, the introduction of new regulations or actions taken by the authorities may make it impossible for the Company to continue its activity. This will result in the closure of your account and a potential loss of your assets stored on the Exchange. The Company will not be affected
10) Bankruptcy risk
The Company may be forced to terminate its activities and declare itself bankrupt for various reasons, including (but not limited to) new restrictive regulations on cryptocurrency and crypto exchanges, technical difficulties, lack of financial resources, failure of the Company's partners or service providers, force majeure, deteriorating economic conditions, etc. If the Company is forced to go out of business, it will initiate a bankruptcy procedure 3 in accordance with the applicable legislation. In this case, the Company may not be able to refund your assets, resulting in a partial or total loss of the cryptocurrency you have deposited on the Exchange.