Terms of Use Agreement
1. What are Cookies and similar technologies
This Terms of Use Agreement (the “Terms”) is a legally binding contract between you (the “User”) and GTT Technologies Limited (“GTT”, “Company”, “we”). By accessing, registering for, or using the GTT platform (the “Platform”), you confirm that you have read, understood, and unequivocally agree to be bound by these Terms.
If you do not agree to these Terms, you must immediately cease all use of the Platform. Your continued use of the Platform after any amendments to these Terms constitutes your acceptance of the revised version.
2. The Platform
GTT provides a web-based Platform for recreational and competitive purposes only. You acknowledge and agree that:
- It is designed strictly as an entertainment and skill-based service.
- All trading activities are simulated using a ”Virtual Balance”. These virtual funds have no real monetary value and do not represent any real assets.
- Tournaments and Challenges are skill-based competitions where outcomes are determined by the participant’s knowledge and strategy, not by chance. The Platform does not constitute a ”game of chance” or a gambling service.
- The Company is not a broker, investment advisor, proprietary trading firm, or financial services provider. The Platform does not provide financial advice, brokerage services, or access to live capital markets.
3. User Eligibility and Warranties
By using the Platform, you represent and warrant that you:
- Are at least eighteen (18) years of age or the age of legal majority in your country of residence, whichever is higher.
- Possess the full legal capacity to enter into a binding contract.
- Are not located in, a resident of, or affiliated with a jurisdiction under comprehensive international sanctions or embargoes (e.g., Afghanistan, Belarus, Cuba, Iran, North Korea, Russia, Syria, and others as listed in the full Terms).
- Have not been previously suspended or banned from using the Company’s services.
- Will ensure your use of the Platform complies with all laws and regulations applicable in your jurisdiction.
4. Account Management and Verification
Each User is strictly permitted to maintain and operate only one active Account. Creating or controlling multiple accounts is a material breach of these Terms and will result in the termination of all associated accounts and forfeiture of any prizes.
To withdraw any prizes, you must successfully complete the Company’s Know Your Customer (“KYC”) process. This is a mandatory requirement for compliance with Anti-Money Laundering (“AML”) regulations and includes identity verification and sanctions screening. Failure to complete KYC may result in the forfeiture of prizes.
You are solely responsible for maintaining the confidentiality of your login credentials and for all activities that occur under your Account.
5. Platform Credits (”Coins”) and Fees
The Platform uses internal credits called “Coins”, which are purchased by the User.
Coins are used exclusively within the Platform to pay Entry Fees for participating in Tournaments. Tournament prizes are also awarded in the form of Coins.
Coins have no monetary value outside the Platform, are non-transferable, and do not constitute a fiat currency or crypto asset.
Entry Fees, paid in Coins, contribute to a Prize Pool which is distributed to the top-performing participants according to the specific Tournament rules. GTT retains a portion of each Entry Fee as a service fee.
6. Prohibited Conduct
Any activity that compromises the integrity of the Platform or provides an unfair competitive advantage is strictly prohibited. This includes, but is not limited to:
- Using automated tools, scripts, bots, or crawlers to simulate trading activity.
- Engaging in collusive strategies such as reverse trading or group hedging across multiple accounts to offset risk.
- Exploiting bugs, vulnerabilities, or undocumented features of the Platform.
- Attempting to circumvent security features or KYC verification mechanisms.
- Violation of these rules will result in immediate Account termination, disqualification from Tournaments, and forfeiture of all prizes.
7. Third-Party Services
The Platform’s trading interface is based on the Third-party service providers. GTT is not responsible for and makes no warranties regarding the performance, availability, or reliability of these or any other third-party services.
8. Disclaimers and Limitation of Liability
You expressly acknowledge and agree that your use of the Platform is at your sole risk. The provisions in this section form an essential basis of the agreement between you and the Company.
Disclaimer of Warranties
THE PLATFORM IS PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMITTED BY LAW, GTT DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES, INCLUDING BUT NOT LIMITED TO:
- Fitness for a particular purpose.
- Merchantability and non-infringement.
- Accuracy, availability, or security of the Platform or its Content.
- Furthermore, GTT does not warrant or guarantee that:
- The Platform will be uninterrupted, timely, secure, or error-free.
- The results obtained from the use of the Platform (including tournament outcomes, rankings, or analytics) will be accurate or reliable.
- The Platform or its servers are free from viruses, malware, or other harmful components.
- Any defects or inaccuracies will be corrected.
Acknowledgment of Simulated Environment
You understand and agree that all activities on the Platform are simulated and for recreational use only. GTT does not provide financial services or investment advice. Your performance on the Platform has no bearing on real-world trading success and does not constitute a qualification or endorsement of any kind.
Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, GTT AND ITS AFFILIATES, OFFICERS, DIRECTORS, AND EMPLOYEES SHALL NOT BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING OUT OF OR RELATING TO:
- Any loss of actual or anticipated profits, earnings, revenue, or business opportunities.
- Any technical failure, malfunction, delay, or interruption of the Platform.
- Any unauthorized access, hacking, or data breach by third parties.
- Any reliance on information, results, or performance metrics obtained through the Platform.
- Any termination, suspension, or disqualification related to your Account or Tournament participation.
N ANY CASE, THE TOTAL AGGREGATE LIABILITY OF GTT UNDER OR IN CONNECTION WITH THESE TERMS SHALL NOT EXCEED THE GREATER OF:
- The amount of Entry Fees paid by you during the three (3) months preceding the claim; or
- One hundred United States dollars ($100).
- Nothing in this section shall exclude or limit liability that cannot be excluded under Applicable Law.
9. Governing Law and Dispute Resolution
These Terms are governed by the laws of the British Virgin Islands. The parties agree to first attempt to resolve any dispute amicably within sixty (60) days. Should amicable resolution fail, the matter shall be submitted to the exclusive jurisdiction of the courts of the British Virgin Islands.
10. Contact Information
For any questions or concerns regarding these Terms, please contact us:
Support Email: support@gtt.trade
Registered Office: Intershore Chambers, Road Town, Tortola, British Virgin Islands