iFlip Financial Services (“FFS”) a division of TradePro Securities, Inc. – Terms and Conditions
Terms and Conditions Agreement
Please read these terms and conditions carefully before creating a software account with iFlip Financial Services (“FFS”) Trading and Strategy Automation Software (“TSAS”).
By using TSAS you agree to be bound by and comply with this Terms and Conditions Agreement (“Agreement”), just as if you had signed it. Violation of any provision of the Agreement is grounds for immediate termination of your FFS account. FFS may modify these Terms and Conditions at any time. FFS may also modify the prices of its services, as well as discontinue or change the services offered. You acknowledge that you are subscribing to a software as a service platform that depending on choices may incur certain fees. You further acknowledge that your use of TSAS is discretionary. You understand that by choosing an Automated Strategy you are allowing TSAS to provide instructions to buy and sell the chosen stocks based on the rules of the selected strategy. Definitions of the strategies can be found on the FFS website www.iflipinvest.com. All strategies and results displayed within are proforma. Automated Strategy proforma results are theoretical. Proforma results are updated daily and are subject to change. Flip is not responsible for errors in calculations of the proforma. Proforma results of Automated Strategies offered on the platform are for historical reference and educational purposes ONLY and are not to be considered financial advice. FFS automated portfolios do not constitute advice. FFS is not an advisor. Past performanc†e is not indicative of future results. For questions relating to suitability and risk tolerance you should contact your Investment Advisor and/or Tax professional. Markets at times can be extremely volatile. FFS is not responsible for losses as a result of execution of trades by you or by a chosen Automated Strategy. You understand that the platform is cloud based and that any orders placed by you or your chosen Automated Strategies will be executed regardless of your personal computer or mobile device being on or off.
The platform only monitors market information during regular market hours (Monday through Friday). It does not monitor in the pre or after market.
The FFS platform is free. Certain products FFS offers e.g. strategy automation, enhanced quotes may involve fees. FLIP does not issue refunds for initial setup or monthly subscription fees. If you cancel at any time, you will have access to TSAS through the last day of your given billing period.
User agrees to allow FFS to debit their broker account for any paid services should they subscribe to them. Users who have elected to use other means of payment e.g. credit or debit card for any subscribed service within the FLIP platform understands that in the event that these fees are declined that FFS will charge their brokerage account instead. Users that have subscribed to monthly services but have not deployed them are not entitled to refund of any past fees unless they contact FFS or remove their service within 15 days of their monthly billing period.
Users who use outside custodial services (Horizon and Entrust) for self-directed retirement accounts agree that, for all such accounts, the tax reporting authority resides with their custodian. User agrees to report at minimum annually and/or upon the closing of their accounts any necessary tax related information i.e. account statements to their custodian of record. User agrees to release Velox / TradePro Securities / iFlip from any liability associated with such accounts including lack of reporting, misreporting, fines and legal expenses associated with any resulting tax consequence as a result of using any outside custodian.
FFS provides analysis information relating to stock market activity and while all reasonable care is used in providing this information, FFS shall not have any liability whatsoever to any party with respect to any loss or damage (including without limitation any financial loss, direct or consequential loss, or loss of other contract). You understand that accuracy of data provided may be affected by many factors, including (but not limited to) Internet connection speeds, third party service providers, and potential software oversights.
You shall not use or permit any other party to use the software in connection with any matter of an illegal nature.
You shall not transfer any rights to access the software or any FFS services to another party. You will comply with instructions given by FFS concerning access to services associated with the use of TSAS.
FFS is a software as a service company and not a regulated entity. The platform requires information from the associated broker account in order to display to its users their positions and value of their account. You will allow basic transparency of account information e.g. positions, position size, symbol position, total account liquidity and other information deemed needed by FFS of your identified linked brokerage account to ensure accuracy and allow the broker dealer holding your account to place trades based on any automated strategies you have selected.
FFS has a referral program for its software services, if you desire to receive credit for referrals, you must successfully complete the compliance video and pass the quiz before commission payouts are distributed.
FFS may cancel or suspend access if you fail to observe or perform any of the provisions of this agreement or provide false or misleading information in regard to this agreement or if FFS is of the opinion that you have or may use the service for any unlawful or improper purpose or in a manner that may jeopardize the security or interface in the proper operation of any part of the service.
FFS shall not be liable for any breach of this agreement caused by an Act of God, insurrection or civil disorder, war or military operations, national or local emergency acts or omissions of Government or other competent authority, industrial disputes of any kind (whether involving FFS employees or contractors), disruption in either the customer’s or FLIP internet services, or disruption of services necessary for FLIP operations, fire, lightening, flood, subsidence, inclement weather, acts or omissions of persons for whom FLIP is not responsible or any other case outside the control of FFS.
The buying and selling of stocks based on the usage of this software is done at your own risk. FFS is not responsible for any gains or losses incurred by any user as a result of using this software. I have read and AGREE to all TERMS AND CONDITIONS OF USE.
Bank Linking & ACH Transactions
You agree that you authorize all ACH transaction (inbound and outbound) of your FFS trading account(s). No ACH transaction can be recalled after 5 business days of receipt of funds or if any trade transaction has occurred after a completed ACH prior to 5 business days. You further agree to be responsible for any charge incurred by iFlip Financial as a result of rejected or insufficient funds for any incoming ACH transaction. This charge is currently $30 and is subject to change at any time without advanced notice.
iFlip Financial Services may at any time revise these Terms and Conditions by updating this document. You agree to be bound by subsequent revisions and agree to review these Terms and Conditions periodically for changes. The most updated version of this document will be available for your review under the “iFlip Financial Services - Terms and Conditions” link that appears on the iFlip website and mobile application.
This agreement is deemed to have been executed when the customer clicks the “Continue” button on the Terms of Service screen.