Terms and Conditions

1. Acceptance

1.1 This document sets out the terms and conditions that govern the use of the foreign exchange service provided by exapi.com (EXAPI, we , our, us) by users of that service (User, you).

1.2 This document, along with the privacy policy, privacy statement, and any additional documentation provided to the User by EXAPI form part of the agreement between EXAPI and the User. In continuing to use the services EXAPI provides, the User accepts the terms and conditions set out in this document, the EXAPI privacy policy and other documents provided by EXAPI to the User. If you do not agree with these terms and conditions then you should leave the EXAPI website and immediately cease to use any EXAPI services.

1.3 In the event of any inconsistency between this document and other contracts or documents, exchanged and/or executed between the User and EXAPI, this document shall prevail.

2. Our services

2.1 EXAPI provides an information service that is intended to help Users make informed decisions about foreign exchange products and services. EXAPI obtains quotes and compares certain foreign exchange products and services on the basis of criteria selected by the User from options provided by EXAPI. Information is provided by EXAPI to the User on the EXAPI website (www.exapi.com)

2.2 The foreign exchange products and services compared do not represent every product and service that is available.

2.3 All information provided on the EXAPI website is factual information (as defined by the Corporations Act 2001 (Cth)) and does not consider your specific objectives, financial situation or needs.

2.4 By continuing to use the EXAPI website, the User acknowledges that any advice provided on the EXAPI website is general in nature and does not consider the personal objectives, circumstances or needs of the User. The User must consider their own objectives, circumstances or needs, before making a decision to use EXAPI services.

2.5 The listing of a foreign exchange product or service on the EXAPI website is only an invitation to treat and does not constitute an offer to enter into a legally binding contract with EXAPI or the provider of the foreign exchange product or service.

3. Relationships with providers

3.1 EXAPI does not own or control any provider of foreign exchange products or services and is not owned or controlled by any such provider.

3.2 EXAPI has commercial arrangements with a range of providers of foreign exchange products and services. The results of the EXAPI service are not affected by these commercial arrangements. In order to provide the EXAPI service to users for free EXAPI may charge a commission or service fee from providers listed on the EXAPI service.

3.3 The EXAPI website provides links to websites:

(a) of providers of foreign exchange products and services;

(b) of third party advertisers; or

(c) that may otherwise be of interest to Users.

EXAPI are not responsible for the content or accuracy of any website other than the EXAPI website. EXAPI may receive a commission or service fee from the operators of such websites.

4. Risks

4.1 EXAPI sources its data from foreign exchange providers and has taken reasonable steps to ensure that such data is accurate. There is a risk that the foreign exchange prices quoted on EXAPI may be inaccurate, not available to the User, or available but with additional fees and charges.

4.2 EXAPI is an information and advice service only and does not guarantee the performance of any foreign exchange provider.

4.3 In using this website, you agree that EXAPI will not be held responsible for any difference in the exchange rates, fees and contracts quoted on EXAPI, and the exchange rates, fees and contracts made available to the User by the foreign exchange provider.

4.4 If the User does not fully understand the risks associated with EXAPI services, then they should not use EXAPI services.

4.5 The User should always obtain and consider the Product Disclosure Statement relating to any foreign exchange product or service that the User is considering acquiring.

5. User representations and warranties

5.1 The User acknowledges that the EXAPI website is provided only for Users to assess information about foreign exchange products and services that they may wish to use for their own personal or business purposes and for no other purposes. Information contained on the EXAPI website may not be sold or used for any unlawful or prohibited purpose.

5.2 The User warrants that all information provided by the User to EXAPI is true, correct, complete and not misleading.

5.3 The User further represents and warrants to EXAPI that the User:

(a) has received, read, understood and accepted the risk disclosures provided to them in relation to the foreign exchange products being compared;

(b) has read and understood these Terms and Conditions;

(c) has considered their objectives, financial situation and needs, and has formed the opinion that dealing in foreign exchange products is suitable for the User’s objectives, financial situation and needs, and has sought appropriate professional advice as is necessary;

(d) acknowledges that neither EXAPI or any associated entity guarantees the rate of any foreign exchange contract or the performance of any foreign exchange provider;

(e) will not use the services provided by EXAPI for any manner inconsistent with the purposes of the EXAPI website;

(f) will not use the services provided by EXAPI to assist in a breach of any laws.

5.4 If the User is comprised of two or more legal persons then a reference to a right or obligation of the User under these Terms and Conditions or under a transaction contemplated by these Terms and Conditions confers that right or imposes that obligation, as the case may be, jointly and severally on those persons.

6. Confidentiality of User Information

6.1 EXAPI will use reasonable precautions to maintain the confidentiality of information EXAPI receives from the User and material and/or data the User provides, creates, inputs or develops in connection with the User’s use of EXAPI services. Nonetheless, because such information, material and/or data may be provided through the Internet or over the telephone, the User hereby acknowledges and agrees that EXAPI cannot assure that such information, material and/or data will continue to be confidential.

6.2 The User accepts the risk of a third party receiving confidential information concerning the User and specifically releases and indemnifies EXAPI from any claim arising out of a third party intercepting, accessing, monitoring or receiving any communication from a User intended to be provided to EXAPI or from EXAPI intended to be provided to the User.

7. Money Laundering

7.1 In appropriate cases all communications and information concerning the User held by EXAPI, may be disclosed to and reviewed by law enforcement agencies and regulatory authorities.

7.2 In addition, the User agrees to comply with all applicable money laundering and counter terrorism financing laws, including, but not limited to, the requirement to obtain or provide satisfactory evidence of the identity of any person whom the User may represent in any transaction entered into with EXAPI.

8. Intellectual Property

8.1 EXAPI is the exclusive owner or exclusive licensee of all intellectual property rights in the EXAPI website (including design, layout, software, platform, comparison & ranking algorithms) and the content of the EXAPI website is subject to copyright.

8.2 The User may view, print, email or download pages of the EXAPI website for their personal use.

8.3 Except to the extent provided by law, all copying, republication and modification of the EXAPI website is prohibited.

8.4 The EXAPI website also incorporates under licence certain intellectual property of foreign exchange service providers and other third parties.

9. Amending these Terms and Conditions

9.1 These Terms and Conditions may be amended by EXAPI at any time.

9.2 The amended Terms and Conditions will be posted on the EXAPI website and will govern the User’s use of the website from the time they are posted. The date of the last amendment will be displayed at the top of the Terms and Conditions.

9.3 By using the EXAPI website the User agrees to be bound by the then current Terms and Conditions.

10. Circumstances beyond EXAPI Control

10.1 Internet connectivity delays and price feed errors sometimes create a situation where some prices cannot be displayed on the EXAPI website or where the prices displayed on the EXAPI website are not reflective of the price offered by the foreign exchange provider at that time. EXAPI accepts no responsibility for such errors or omissions.

10.2 Users should note that foreign exchange markets are extremely volatile and prices may change significantly within very short periods of time.

10.3 EXAPI makes no representations that the EXAPI website will be available for use at any particular time or that it will be free of computer viruses.

11. Indemnity

11.1 The User shall indemnify and hold EXAPI harmless from any and all liabilities, claims, costs, expenses and damages of any nature, including, but not limited to, reasonable legal fees and any fees and expenses incurred in connection with litigation, arising out of or relating to the User’s negligence, mistake or willful misconduct, the violation of any law by the User, or the breach by the User of any provision of these Terms and Conditions.

11.2 The User also agrees to promptly pay EXAPI for all damages, costs and expenses, including reasonable legal fees and expenses, incurred by EXAPI in the enforcement of any of the provisions of these Terms and Conditions.

11.3 The User’s obligations under this Clause 13 shall survive the termination of these Terms and Conditions.

12. Limitation of Liability

12.1 EXAPI shall not be liable under any circumstances for any direct, indirect or consequential loss (including any loss of profits) incurred as a result of reliance on EXAPI information, advice or comparisons by the User.

12.2 Nothing in these Terms and Conditions is intended to limit or exclude any liability EXAPI may owe the User under any statutory rights the User may have.

12.3 The limitation of liability under this Clause 14 shall survive the termination of these Terms and Conditions.

13. General

13.1 These Terms and Conditions shall be governed by and construed in accordance with the laws of the State of Victoria, Australia. The parties agree to irrevocably submit to the non-exclusive jurisdiction of the courts of Victoria, Australia.

13.2 If any part of these Terms and Conditions is found to be void, unlawful or unenforceable then that part will be deemed to be severable from the balance of these Terms and Conditions and the severed part will not affect the enforceability of any remaining provisions.