T&C OPERATORIA PAPER TRADING - English version
These Terms and Conditions (hereinafter referred to as the "T&Cs") govern the Paper Trading operations carried out by authorized users (hereinafter referred to as the "Users") offered by Roxom Markets S.A. de C.V. (hereinafter referred to as "the Company"), a corporation established and registered in El Salvador, registered in the Commercial Register under number 196 of book 4894, and Tax Identification Number (NIT): 0623-210524-104-6, with registered office at Cuscatlan 4312, Colonia Escalón, San Salvador, San Salvador Centro, San Salvador, El Salvador.
These T&Cs apply solely to the Paper Trading operations performed on the website "https://roxom.com/" and are available on the aforementioned website, along with the Company's Privacy Policies, Risk Notices, and Cookie Policies. By clicking accept on the T&Cs, the User acknowledges that they have read and understood them in full, accepts their content, and acknowledges that these constitute a binding agreement between the User and the Company.
The Company reserves the right to review these T&Cs at any time, updating and/or modifying them. The User must read these Terms and Conditions carefully and comprehensively on a regular basis, as they may be subject to modifications. The Company may modify these Terms and Conditions at any time by publishing the modified terms on the Website. All modified terms will take effect from the moment of their publication and shall be deemed accepted by the User, to the extent that they continue to use the Site.
All modifications to the T&Cs will be considered tacitly accepted if there is no disagreement duly informed to the Company within 10 business days of the modification's publication. In the event of disagreement on the part of the User, the Company will proceed to close the User's Account. The User fully understands these Terms and Conditions; otherwise, they must refrain from interacting with or accessing the site.
1. Definitions
The following words and expressions used in these T&Cs will have the following meanings:
"Services" or "Roxpaper" refers to the Paper Trading services offered to Users by the Company, limited to the simulation of trading or investment operations in financial markets without using real money.
"Derivatives" means financial instruments whose value depends on an underlying asset, such as stocks, commodities, currencies, or interest rates. Users can trade futures and options, allowing them to speculate on price movements or hedge risks without owning the asset.
"Derivatives Operations" means trading futures and options within the RoxPaper service using pBTC.
"Limit Order" means an instruction to buy or sell pStock at a specific or better price. The operation is only executed if the market reaches or improves the established price. The instructions carried out through this option by all users can be viewed in the "Order Book" section.
"Market Order" means an instruction to buy or sell pStocks at the current market price, executed immediately. The user does not indicate the exact price of the operation.
"Order Book" means the record of buy and sell orders for pStock. This record shows, in real-time, the intentions of market users, providing a clear view of supply and demand at any given time.
"Pairs" means the relationship between two different assets, where the value of one asset is expressed in terms of the other. This concept is used to conduct buy and sell transactions of assets. Each pair is composed of two types of assets:
a. Base Asset: The first asset that appears in the pair. It represents the asset that is being bought or sold.
b. Quote Asset: The second asset in the pair. It represents the asset against which the value of the base asset is measured.
"Paper Trading Account" means the registration on the website by which each user and their operations are identified.
"pBTC" means a unit of measure used solely to operate within the Paper Trading Services that simulates the value of Bitcoin but has no value outside of the Paper Trading service offered by the Company.
"pStocks" means a unit of measure that fictitiously represents a particular stock and emulates its name. It is used only for the Paper Trading Services and simulates the value of the represented stock, which is listed on the service but has no value outside of the Paper Trading service offered by the Company.