Introduction – About Us

ElazarCapital reserves the right to update this Agreement at any time and will notify you of any changes either via email or through our official website. These changes will not retroactively affect any previous transactions unless specifically stated. If you disagree with any update, you may terminate the Agreement in line with Section 24.

Communication with Us

You may contact us via writing (including fax), email, or other electronic methods. The official language of communication is English, although we may provide support in other languages where possible. By agreeing to this Terms of Service, you accept all associated policies published on our official website, www.elazarcapital.com.

We may use any information, concept, or idea you share for service development or marketing. Communication may be monitored for service quality, compliance, and security, and this does not entitle you to any claims.

ElazarCapital may also record phone calls for quality assurance. These recordings are our sole property.

Membership Eligibility

Our services are reserved for individuals or legal entities capable of forming legally binding contracts in their jurisdiction. Services are strictly unavailable to minors (under 18) or any individual restricted by applicable laws.

ElazarCapital reserves the right to deny or revoke access to its services at its sole discretion. Access to our website does not imply that our services are legal in your jurisdiction. It is your responsibility to ensure compliance.

Definitions & Interpretation

• Account: Your personal trading account with a unique identifier.
• Access Codes: Username and password provided by ElazarCapital.
• Agreement: These Terms of Service.
• Applicable Regulations: Governing laws and directives including those from financial regulatory bodies.
• Balance: Funds held in your account.
• Business Day: Any day excluding weekends and public holidays in Belize or as otherwise announced.
• CFD: Contracts for Difference – a type of trading instrument.
• Execution: Processing of orders via our trading platform.
• Financial Instruments: Includes derivatives, securities, market instruments, and related financial products.
• Services: Investment services provided under this Agreement.
• Transaction: Any deposit, withdrawal, trade, or activity within your account.

Plural includes singular and vice versa. Headings are for reference only and do not influence interpretation. References to laws include all amendments or replacements unless stated otherwise.

Provision of Services

ElazarCapital operates on an execution-only basis and does not offer personal financial advice. Any strategy or transaction is executed at your sole responsibility.

Market commentary and recommendations we provide are for general informational purposes only and do not constitute investment advice. You are expected to make your own informed decisions.

Our trading hours are 00:01 GMT Sunday to 23:59 GMT Friday, excluding holidays as posted on our site. We may change these hours at our discretion.

Account Opening & Requirements

Upon registration, you agree to provide accurate personal information for identity verification. This helps us meet anti-money laundering requirements and ensure secure operations.

Each client is entitled to one account. If multiple accounts are opened, ElazarCapital reserves the right to consolidate them or transfer funds/trades between them.

If you register on behalf of a legal entity, you confirm you have the authority to do so. All interactions and transactions may be recorded and used for compliance, dispute resolution, or legal requirements.

Client Guarantees

You confirm that all funds used for trading are your own and not linked to any unlawful activity. You are not acting on behalf of another person unless officially authorized.

If we have reason to believe funds are linked to illegal activities or third parties, we reserve the right to refund the sender, reverse transactions, and terminate your account.

You affirm you are over 18 (or legally able to enter contracts), and that trades will only be conducted through ElazarCapital’s platforms. You are solely responsible for ensuring the legality of our services in your jurisdiction.

ELECTRONIC TRADING

The Company will provide you with secure access codes to log in to its trading platforms. You may trade financial instruments using a computer or smart device with internet connectivity. The Company reserves the right to terminate your access if necessary for security, compliance, or performance. You are responsible for keeping your access codes confidential. Any action taken using your credentials will be deemed authorized by you. You must report any unauthorized access or irregular account activity immediately. You agree not to exploit the trading system through abusive practices such as latency arbitrage, price manipulation, or lag trading. You are responsible for all activities under your account. The Company may suspend access or require instructions through alternative methods if needed. It will not be liable for disruptions caused by power outages, internet failures, or technical faults.

FINANCIAL INFORMATION

Financial information made available through the Company or its partners ("Third-Party Providers") includes market data, quotes, news, and analysis. This information is not investment advice. While efforts are made to ensure accuracy, the Company and its providers do not guarantee the reliability or completeness of the information. It is your responsibility to verify its suitability. The Company disclaims liability for damages resulting from the use of financial information. Accounts operate on a 12-month basis; early closures may incur a fee.

ORDERS – INSTRUCTIONS AND BASIS OF DEALINGS

Orders can be placed via the Company’s platform and cannot be revoked without written consent. Due to market volatility and connection delays, execution prices may differ from the requested ones. You may appoint a representative via a valid Power of Attorney. The Company strives for timely execution but cannot guarantee exact compliance with every instruction. Orders remain effective within trading hours or as specified. The Company may limit open positions, restrict access to certain instruments, or set risk controls at its discretion.

Execution Policy

The Company aims to achieve the best execution results. You confirm that you’ve reviewed and accepted the Best Execution Policy. Orders may be executed outside regulated markets, and specific instructions may override standard policy.

CONFIRMATIONS

Confirmations for executed trades will be made available through the trading platform. Discrepancies must be reported within 7 business days. You may request monthly or quarterly account statements by email. A third party may be authorized to give instructions on your behalf with prior written notice and Company approval.

PRICING

The Company determines prices for deals at its discretion. These prices are effective for a limited period and subject to change without notice. They may differ among clients. Market fluctuations may cause discrepancies between the quoted and executed price. You agree not to rely on third-party prices in dealings with the Company.

REFUSAL TO EXECUTE ORDERS

The Company may decline to execute an order for various reasons, including:

• Missing or unverifiable documents
• Insufficient funds or card issues
• Suspicion of market manipulation or insider trading
• Risk of chargebacks or fraudulent activity
• Violation of applicable laws or this Agreement

CANCELLATION OF TRANSACTIONS

The Company reserves the right to cancel transactions based on:

• Fraudulent or illegal activities
• System errors or malfunctions
• Incorrect or unexecuted instructions
• Violations of this Agreement

Settlement of Transactions

The Company shall proceed to a settlement of all transactions upon execution of such transactions. Acquisition of a financial contract is completed when the financial contract has been customized, the premium (or the margin, as the case may be) has been calculated and payment has been verified. You agree to be fully and personally liable for the due settlement of every transaction entered into under your account with the company.

Bonus and Promotions Policy

The Company offers several attractive Bonus programs to its new and existing Clients, who have activated their trading account. Bonuses and/or financial awards and/or promotions (“Bonuses”) rewarded to Clients are part of the Company’s promotions program. These Bonuses have limited time offers and their conditions can be subject to change upon written notice given to the Clients on the modifications to substantial parts of the conditions. Prior to accepting any Bonuses offer, Clients will be given the opportunity to consider the terms and conditions associated with each Bonus scheme in order to fully understand how the scheme works as well as its T & C and provide their consent in regard to the adoption of any alterations. In case the client will not provide the Company with any feedback or advice to the contrary within the period of seven (7) days, the Company shall consider that the client consents and/or accepts the content of the amendment.

The Clients are not required to accept any Bonuses offered by the Company; all Bonuses are optional. The Clients may choose not to accept a Bonus. In these circumstances, the Clients will not be bound to the terms relating to the Bonus. By accepting the Bonuses offered, the Clients will be bound by the guidelines, provisions and terms of the Bonus programs, provided that they have fully understood and agreed with the terms and conditions of this agreement.

The different Bonus programs and promotions are given at random events and will be added to the clients trading account in one of the following forms:

Pending bonus – bonus will be added to the traders ‘pending bonus’ box and will be added to the actual account balance once certain amounts of trade have been carried out. The bonus may not be traded unless the specific volume is met according to the specific Bonus scheme entered into.

To track the trader’s volume and locate the bonus and its relevant status, the trader is hereby invited to check the Reports section on the main page once logged in. To do so, the trader may click the “Reports” button, in the upper right hand corner of the page, then in the “transactions” tab, the volume will appear in addition to the bonus reports. The trader has the ability to view the bonus report, which tracks the volume on a day-to-day basis.

The required volume to be reached in order to withdraw a bonus is calculated by using the bonus amount multiplied by a rate between 40-50. The trading volume is a calculation of the trader’s trades, regardless of the outcome. In a sense, it is a monitor of the trader’s trading activity.

For example: you are granted a pending welcome bonus of 25% on your deposit. If you deposited $300, your pending bonus is $75. The volume requirement is 40 times $75, equaling $3,000. Once you trade a volume of $3,000, the $75 will be released into your balance and available for any given needs.

It is here mentioned that the acceptance and reception of the bonus might come as overwhelming due to the extent of the bonus that could, sometimes, exceedingly improve the state of the trader’s account. In some instances, traders tend to misuse their bonus’ good fortune and spend it all at once. Therefore, we ask the trader to pay attention to the account’s status and urge the trader to invest the bonus amount with caution and responsibility.

All of the Company’s additions to the bonus terms are final.

The Clients are hereby invited to utilize the Company’s bonus in a rightful and justified manner, according to the terms and conditions of this agreement. The Company reserves the right to cancel and even close the trader’s account if it suspects any form of abuse or wrongdoing of the bonus by the trader, which include reasons as stated in section 23.

The Company is to single-mindedly conclude and decide upon whether clients have abused and/or misused its platform and/or its bonuses.

All of the bonuses and favoring benefits should be utilized in accordance with the offer’s predefined period.

In the event of abuse and/or misuse of the bonus terms, the Company is entitled to revoke the bonus. Should this be the case, the company’s decisions shall be final. Any change of the bonus terms and conditions is reserved for the company to be revoked, and later displayed on its website.

The acceptance to the reception of the bonus and its addition to the trader’s account bind the trader to the bonus’s terms and conditions here above and hereinafter.

Clients Funds

Funds belonging to you that will be used for trading purposes will be kept in an account with any bank or financial institution used to accept funds which the Company will specify from time to time and will be held in the Company’s name. It is understood that the Company may hold funds on behalf of you in any bank. The legal and regulatory regime applying to any such bank might be different from the legal and regulatory regime in Belize and in the event of the insolvency or any other analogous events in relation to that bank, your funds may be treated differently from the treatment which would apply if the funds were held with a bank in an account in Belize. The Company will not be liable for the insolvency, acts or omissions of any third party referred to in this clause.

Information regarding your deposits and withdrawals should be sent and received only by the Company’s official email address, any other means of communication are not accepted by the Company and shall be considered as fraudulent communication that does not meet the Company’s standards.

Should the client reply to any communication apart from the Company’s official email address, the Company shall not be liable for any losses or damages arising out of negligence incurred or suffered by the client.

It is commonly understood that any amount payable by the Company to you, shall be paid directly to you to a bank account the beneficial owner of which is you. Fund transfer requests are processed by the Company within the time period specified on the Company’s official website and the time needed for crediting into your personal account will depend on your bank account provider.

The Company retains a right of set off and may, at its discretion, from time to time and without your authorization, set-off any amounts held on behalf and/or to the credit of you against your obligation to the Company. Unless otherwise agreed in writing by the Company and you, this Agreement shall not give rise to rights of credit facilities.

You have the right to withdraw the funds which are not used for margin covering, free from any obligations from your Account without closing the said Account.

The Company reserves the right to decline a withdrawal request if the request is not in accordance with certain conditions mentioned in this Agreement or delay the processing of the request if not satisfied on full documentation provided.

It is within your terms that any incurring bank fees will be paid by you in case of funds withdrawals from your trading account to your designated bank account. You are fully responsible for the payment details that you provided to the Company and the Company accepts no responsibility if you have provided false or inaccurate bank details.

You agree that any amounts sent by you in the Company’s bank accounts will be deposited to your trading account at the value date of the payment received and net of any charges/fees charged by the Bank Account providers or any other intermediary involved in such transaction process. In order for the Company to accept any deposits by you, the identification of the sender must be verified and ensure that the person depositing the funds is you. If these conditions are not met, the Company reserves the right to refund the net amount deposited via the method used by the depositor.

The Company reserves the right to decline a withdrawal with specific payment methods and to suggest another payment method where you need to complete a new withdrawal request. In the event that the Company is not fully satisfied with the documentation provided in relation to a withdrawal request, the Company can request additional documentation and if the request is not satisfied, the Company can reverse the withdrawal request and deposit the funds back to your trading account.

When a withdrawal request is submitted, the Company may take up to 5 (five) business days to process the request. When your application is approved, please wait for a maximum of 21 (twenty-one) additional days before seeing your funds in your account. In cases of credit card refund delays that are not in our power, we are liable to investigate and ensure all measures are taken to find a quick resolution.

In the event that any amount received in the Bank Accounts is reversed by the Bank Account provider at any time and for any reason, the Company will immediately reverse the affected deposit from your trading account and further reserves the right to reverse any other type of transactions effected after the date of the affected deposit. It is understood that these actions may result in a negative balance in all or any of your trading account(s).

You agree to waive any of your rights to receive any interest earned in the funds held in the Bank Account where your funds are kept.

Account Withdrawal Restrictions

a. Each account holder is permitted a specific number of withdrawals based on their current plan.
b. Exceeding the allowable number of consecutive withdrawals will trigger temporary restrictions on further withdrawals.

Options to Lift Restrictions

a. If four consecutive withdrawals are made, a temporary restriction will automatically be applied to the account.
b. Restricted accounts will not be eligible for further withdrawals until the conditions outlined in Section 3 are fulfilled.

Restriction Activation

Account holders can regain full access to withdrawal functionality by taking one of the following actions:
a. Plan Upgrade: Users may upgrade to a higher-tier plan that offers increased withdrawal flexibility. Assistance with the upgrade process can be obtained by contacting our support team.
b. Additional Deposits: Depositing additional funds into the account will reactivate withdrawal privileges under the current plan.

Account Suspension for Inactivity

Failure to meet the outlined conditions will result in a continued suspension of withdrawal privileges until the restriction is resolved.

Support and Queries

For assistance or clarification regarding these terms and conditions, account holders are encouraged to contact Swizzfunds support directly. Our team is committed to providing guidance and support as needed.

Minimum Withdrawal Amounts

When you withdraw funds from your Swizzfunds account, a minimum withdrawal amount of $30.00 is required. The commissions of wire withdrawals will be placed onto the beneficiary.

Dormant Account Procedure

You acknowledge and confirm that any trading account held with the Company in which you have not placed a trade and/or made a deposit for a period greater than 60 (sixty) calendar days, shall be classified by the Company as an Inactive Account. You further acknowledge and confirm that such Inactive Accounts will be subject to 50 (fifty) handling fee, the exact fee will be based on the currency denomination of the Client Account. You further agree that any Inactive Accounts, having zero balance/equity, shall be considered as Dormant Accounts. For the reactivation of an Inactive and/or Dormant Account you must contact the Company. The Inactive and/or Dormant Account will then be reactivated subject to, if required, up-to-date client identification documentation to be provided to the Company.

Costs and Charges

You shall pay our charges as agreed with you from time to time, any fees or other charges imposed by a clearing organization and interest on any amount due to us at the rates then charged by us. Any alteration to charges will be notified to you before the time of the change.

The exact fee will be based on the currency denomination of the Client Account. Relevant fees and charges are as such:

Profit Clearance: Fees for trading on the Company’s platform are subjected to a clearance fee which varies in accordance with 10% (percent) of the total profit being withdrawn. A comprehensive list of the clearance fees is shown on the Website.

Account Closure Charge: A charge of 20% would be paid if a client decides to close his/her account before the said period of 1 year from the day the investment was made.

Inducements

The Company, further to the fees and charges paid or provided to or by the Client or other person on behalf of the Client, may pay and/or receive fees/commission to/from third-parties, provided that these benefits are designed to enhance the quality of the offered service to the Client and not impair compliance with the Company’s duty to act in the best interests of the Client. The Company may pay fee/commission to Affiliates, Introducing Brokers, referring agents or other third parties on a written agreement. This fee/commission is related to a fixed amount per referred client. The Company has the obligations and undertakes to disclose to the client, upon his request, further details regarding the amount of fees/commission or any other remuneration paid by the Company to Affiliates, Introducing Brokers, referring agents, or other third parties. The Company may also receive fees/commission as well as other remuneration from third parties based on a written agreement. The Company receives fees/commission from the counterparty through which it executes transactions. The fee/commission is related to the frequency/volume of transactions executed through the counterparty. The Company has the obligation and undertakes to disclose to the client, upon his request, further details regarding the amount of fees/commission or any other remuneration received by the Company from third parties.

Company Liability and Indemnity

It shall be noted that the Company and any entity related to the Company, will perform transactions in good faith and with proper due diligence but shall not be held liable for any omission, deliberate omission or fraud by any person, firm or company from whom the Company receives instructions for the execution of the Orders and/or from which transactions are carried out on behalf of you, including where this would be the result of negligence, deliberate omission or fraud on the part of the Company.

The Company will not be held liable for any lost opportunities by you that have resulted in either losses or reduction (or increase) in the value of your Financial Instruments.

In case the Company incurs any claims, losses, damage, liability or expenses that arise throughout the provision of the Services and all related operations that are performed as a mean for these Services to be performed to you as these are agreed in this Agreement or in relation to the potential disposal of your Financial Instruments, you are fully liable for these losses/expenses/liabilities/claims whereas the Company bears absolutely no responsibility and it is therefore your responsibility to indemnify the Company for the aforementioned.

The Company shall not be held liable for any damage caused to you as a result of any omission, negligence, deliberate omission or fraud by the bank where the Company’s bank account is maintained.

The Company shall not be held liable for the loss of Financial Instruments and funds of you in cases where your assets are kept by a third party such as a bank, or for an act, which was carried out based on inaccurate information at its disposal prior to being informed by you, of any change in the said information.

The Company makes every effort to ensure that the Banks and institutions to which your funds and/or Financial Instruments are deposited are of good standing and reputation. However, the Company shall not be held liable in the event of a loss resulting from deterioration of the financial standing of a bank or institution, or for an event such as a liquidation, receivership or any other event that causes the Bank or institution of a failure and therefore leads to a loss of all or part of the funds deposited.

Without prejudice to any other terms of this Agreement, the Company will not be liable for:

• Systems errors (Company’s or service providers)
• Delays
• Viruses
• Unauthorized use
• For any act taken by or on the instruction of a Market, clearing house or regulatory body.

IMPROPER OR ABUSIVE TRADING AND/OR UNAUTHORISED ACTIVITIES

The Company’s objective is to provide the most efficient trading liquidity available through streaming, tradable prices for most of the financial instruments offered on the trading platform. Due to the highly automated nature of delivering these streaming prices, Clients acknowledge and accept that price misquotations may occur occasionally. Should Clients execute trading strategies aimed at exploiting such misquotations or act in bad faith (commonly known as ‘sniping’), the Company will consider this behaviour unacceptable. If, at its sole discretion and in good faith, the Company determines that any Client or their representative is taking advantage of, benefiting from, or attempting to exploit such misquotations, or engaging in any other improper or abusive trading activities, including but not limited to:

• placing orders based on manipulated prices resulting from system errors or malfunctions;
• arbitrage trading on prices offered by our platform due to system errors;
• fraudulent or illegal actions leading to transactions;
• coordinated transactions by related parties to exploit system errors or delays in system updates;

• adjust payouts available to such Clients;
• restrict Clients’ access to streaming tradable quotes, including limiting them to manual quotations;
• recover from Clients’ accounts any historic profits gained through liquidity abuse;
• reject orders or cancel trades;
• cancel or reserve any transactions;
• terminate the trading relationship immediately.

Prohibited and Unlawful Trading Techniques

Trading strategies aimed at exploiting price errors, off-market prices, or internet delays — commonly known as ‘arbitrage’, ‘sniping’, or ‘scalping’ (collectively, “Arbitrage”) — are incompatible with an OTC market where Clients trade directly with the Principal. The Company reserves the right to prohibit abusive exploitation of Arbitrage on its Online Trading Facility and/or in connection with its services.

Changes in Market Conditions

The Company is under no obligation to advise Clients on appropriate actions following changes in Market Conditions or otherwise. Clients acknowledge that trading in Over-The-Counter (OTC) Contracts for Differences (CFDs) is highly speculative and volatile. Following execution of any transaction, Clients bear sole responsibility for maintaining timely contact with the Company, monitoring open positions, and providing further instructions as needed.

TERMINATION

Clients may terminate this Agreement by providing the Company with at least seven (7) days’ written notice specifying the termination date, ensuring all open positions are closed by that date. The Company may also terminate this Agreement with seven (7) days’ written notice. The Company reserves the right to terminate the Agreement immediately without notice in cases including, but not limited to:

• Death of the Client;
• Client bankruptcy or winding-up proceedings;
• Regulatory authority or body mandates termination;
• Material breach of Agreement preventing its implementation;
• Violation of applicable laws or regulations;
• Involvement in any form of fraud;
• Occurrence of an Event of Default as defined herein.

• Any pending fees or amounts owed to the Company;
• Charges or expenses incurred due to termination;
• Damages arising during settlement of obligations.

ACKNOWLEDGEMENT OF RISKS

Clients acknowledge that market conditions and fluctuations may increase, decrease, or reduce the value of Financial Instruments to zero. The Company’s information does not guarantee performance. Clients understand and accept the significant risks of losses and damages associated with investing via the Company’s platform and willingly assume such risks. Clients confirm they have read, understood, and accept that:

• Past performance is not indicative of future results;
• Currency fluctuations may adversely affect investments denominated in foreign currencies;
• Clients may lose all invested funds and must only invest what they can afford to lose, inclusive of any fees or commissions.

CONFIDENTIAL INFORMATION

The Company does not have any obligation to disclose to you any information or take into consideration any information either when making any decision or when it proceeds to any act on behalf of you, unless otherwise agreed and stated in this Agreement and where this is imposed by the relevant Laws and Regulations and directives in force. The Company will never disclose any private or otherwise confidential information in regards to our clients and former clients to third parties without the express, written consent of our clients, except in such specific cases in which disclosure is a requirement under law, or is otherwise necessary in order to perform verification analysis on the client’s identity for the purposes of safeguarding their account and securing their personal information. The Company will handle all of your personal data according to the relevant Laws and Regulations for the protection of Personal Data. By accepting this Agreement, you consent that you have read and accepted the terms of the “PRIVACY POLICY” that the Company has adopted as this policy is mentioned in detail in the Company’s main website public and available to all Clients.

NOTICES

Unless the contrary is specifically provided, any notice, instructions, authorizations, requests or other communications to be given to the Company by you under the Agreement shall be in writing and shall be sent to the Company’s mailing address as indicated in the Company’s website or to any other address which the Company may from time to time specify to you for this purpose and shall take effect only when actually received by the Company, provided they do not violate and are not contrary to any term of this Agreement. The Company reserves the right to specify any other way of communication with you.

CONFILICT OF INTEREST

Under Applicable Regulations the Company is required to have arrangements in place to manage conflicts of interest between the Company and its clients and between other clients. The Company will make all reasonable efforts to avoid conflicts of interest when they cannot be avoided the Company shall ensure that you are treated fairly and at the highest level of integrity and that their interests are protected at all times. You acknowledge and accept that you have read and accepted the “Conflicts of Interest Policy”, which was provided to you during the registration process and is uploaded on the Company’s official website.

GENERAL PROVISIONS

You acknowledge that no representations, statements, or inducements were made to you by or on behalf of the Company that have in any way influenced or persuaded you to enter into this Agreement.

If any provision of this Agreement is found to be illegal, void, or unenforceable under the laws or regulations of any jurisdiction, such invalidity shall not affect the legality, validity, or enforceability of the remaining provisions or of the same provision under the laws or regulations of any other jurisdiction.

All Transactions conducted on your behalf shall be governed by the laws, regulations, directives, circulars, arrangements, and customary practices (collectively, the “Laws and Regulations”) of the International Financial Services Commission (IFSC) and any other relevant regulatory authorities overseeing the operation of Investment Firms, as amended or updated from time to time. The Company reserves the right to take or refrain from taking any actions it deems necessary to ensure compliance with the applicable Laws and Regulations in effect at the time. All such actions, and all Laws and Regulations in force, shall be binding upon you.

You agree to take all reasonably necessary steps, including executing any required documents, to enable the Company to fulfill its obligations under this Agreement.

Detailed information regarding the execution and terms of investment transactions in Financial Instruments, as well as other relevant information about the Company’s activities, are accessible to all natural and legal persons on the Company’s website.

In the event of any conflict or discrepancy, the English-language version of this document shall prevail over any translations into other languages.