General Terms and Conditions
Effective from: February 1, 2025
1. Introductory Provisions
1.1 These General Terms and Conditions (hereinafter referred to as the “Terms”) govern the legal relationship between AlgoCity, s.r.o., Company ID 26191814, with registered office at Zamenhofova 28, Olomouc, Czech Republic registered in the Commercial Register maintained by the Regional Court in Ostrava, Section C, Insert 45892, as the operator of the AlgoCity.com service (hereinafter referred to as the “Operator”), and registered members of this service (hereinafter referred to as the “User”).
1.2 The AlgoCity.com service provides registered members with online access to web tools, automated trading strategies (Expert Advisors), educational articles and videos (hereinafter referred to as the “Content”).
1.3 By registering and creating a user account, the User confirms that they have read these Terms, agree with them, and undertake to comply with them.
2. Registration and Membership
2.1 The service is accessible only to registered users after successfully creating an account and paying the membership fee.
2.2 Membership is provided on a monthly or annual basis according to the option chosen during registration.
2.3 Membership renews automatically unless canceled at least 3 days before the end of the current period.
3. License Conditions for Use of Content
3.1 All Content, including Expert Advisors, is protected by copyright and other legal regulations.
3.2 The User obtains a non-exclusive, non-transferable, and time-limited license to use the Content solely for their personal use during the term of membership.
3.3 It is prohibited to copy, distribute, sell, share, or otherwise provide the Content to third parties.
3.4 It is prohibited to use the provided Expert Advisors for commercial purposes without the Operator’s written consent.
Detection of account sharing or operation of Expert Advisors on third-party accounts is grounds for immediate termination of membership without entitlement to a refund of the membership fee
3.6 The operation of Expert Advisors on multiple accounts of the same User is permitted (i.e., accounts must be operated under the same name).
4. Prohibition of Service Misuse
4.1 The User must not use the service in a way that could harm the Operator or other users.
4.2 Reverse engineering, modification, or alteration of the provided software and Content is prohibited.
4.3 Violation of this provision may result in immediate termination of membership without entitlement to a refund of the paid fee and potential claims for damages.
5. Liability and Disclaimer
5.1 The Operator provides no guarantees regarding the results of trading using the Content or tools. Trading in financial markets is risky and may result in the loss of invested capital.
5.2 The Content is for educational and informational purposes only and does not constitute investment advice.
5.3 The User acknowledges that the Operator is not liable for any damages arising from the use of the service.
6. Payment Terms
6.1 Membership fees are payable in advance for the entire selected period.
6.2 Payments are made electronically via a payment gateway
6.3 Membership prices include VAT and are valid at the time of the order.
7. Right of Withdrawal and Refunds
7.1 A User who has concluded a contract via the internet has the right to withdraw from the contract without giving any reason within 30 days of activating the membership.
7.2 Withdrawal must be submitted in writing to the email: martin@algocity.cz.
7.3 Upon receiving the request, the Operator will refund a proportional amount or the full amount depending on the current use of the service, no later than 14 days after withdrawal.
8. Termination of Membership
8.1 The User may terminate membership at any time via their user account.
8.2 In case of violation of the Terms, the Operator has the right to terminate membership immediately without entitlement to a refund.
9. Personal Data Protection
9.1 The Operator processes Users’ personal data in accordance with applicable laws and the privacy policy available on the website.
10. Final Provisions
10.1 These Terms are governed by the laws of the Czech Republic.
10.2 Any disputes shall be resolved by the competent court at the Operator’s registered office.
10.3 The Operator is entitled to amend the Terms at any time. The User will be informed of such changes at least 14 days before they take effect.