These Terms and Conditions govern participation in the Status Program ('Program') a discretionary customer loyalty program offered by Keytech Limited, a securities dealer licensed and regulated by the Seychelles Financial Services Authority under licence number SD131 ('Company'). By entering into the Company's Customer Agreement and continuing to use the Company's services, the Client ('Client') agrees to be bound by the Terms and Conditions outlined herein, which form an integral part of the Customer Agreement. The Client further acknowledges that they have read, understood, and accepted these Terms and Conditions in their entirety. In the event of any conflict between these Program Terms and the Customer Agreement, the Customer Agreement shall prevail.
1.1. All terms used in these Terms and Conditions shall have the meanings defined in the Customer Agreement, as amended from time to time, unless otherwise specified herein. 1.2. In these Terms and Conditions, the following definitions apply: 1.2.1. Client means a person who has entered into a Customer Agreement with the Company. 1.2.2. Company means Keytech Limited, company registration number: 8430672-1 with securities-dealer licence under the licence number SD131. Registration address: CT House, Office 9A, Providence, Mahe, Seychelles. 1.2.3. Customer Agreement means the agreement entered into between the Client and the Company that outlines the Terms and Conditions governing the use of the Company's services, available at the following link: https://elev8.com/company/customer-agreement?broker=seychelles, as may be amended, updated, or replaced by the Company from time to time. 1.2.4. Status means a tier assigned to the Client within the Program that determines the scope of Rewards and other benefits available to them. A Client's Status reflects their standing in the Program and may be upgraded or downgraded based on their XP progress. 1.2.5. Rewards mean privileges, offers, or incentives offered by the Company to the Client as part of their participation in the Program. The Rewards are based on the Client's Status and completion of specific tasks, such as Challenges. 1.2.6. XP means a unit of measurement used to record the Client's progress within the Program. XP is accumulated through supported in-product activities, including trading-related actions and eligible non-trading tasks. XP serves solely as a metric for determining the Client's Status and resets upon any Status upgrade or downgrade. XP cannot be redeemed for money, goods, or other forms of compensation. 1.2.7. Challenges mean specific tasks or assignments set by the Company within the Program that the Client can choose to participate in. Upon successful completion of a Challenge, the Client may receive Rewards, which may include XP, privileges, offers, or other incentives. The conditions, difficulty, and Rewards for each Challenge are determined by the Company and may vary. Participation in Challenges is voluntary and subject to the terms outlined for each individual task. 1.2.8. Rewards Catalogue means a section of the Client's Profile dedicated to Rewards available for purchase through the Company's points system, as specified in the Rewards Catalogue's Terms and Conditions provided at the following link: https://elev8.com/company/gift-catalogue-terms-and-conditions/?broker=seychelles as may be amended, updated, or replaced by the Company from time to time. 1.2.9. Profile means a personal profile created by the Company for the Client within the Company's Services. The Profile is for the Client's private use only and allows the Client to manage their personal information and all Trading Account settings. 1.2.10. Program Page means a section of the Client's Profile dedicated to the Program. It allows the Client to manage their Rewards and Challenges and view information about the Program's Statuses.1. Definitions
2.1. The Program is a loyalty program available to all registered Clients of the Company who are not participants in any other loyalty program offered by the Company. 2.2. The Program is accessible in all countries where the Company operates; however, the specific Terms and Conditions of the Program may vary by country. 2.3. A Client becomes a participant in the Program upon registration with the Company in accordance with the Customer Agreement and acceptance of these Terms and Conditions. No separate action is required from the Client to join the Program, and the Company will not provide additional confirmation of participation. 2.4. In restricted countries, the Program is only available to clients who have independently initiated unsolicited contact with the Company, and the Company shall not undertake any promotional, marketing, or solicitation activity directed at Clients in such countries in connection with the Program.2. Program overview
3.1. While participating in the Program, the Client may achieve one of the following Statuses: Bronze, Silver, Gold, and Platinum. 3.2. Each Status grants access to different Rewards offered by the Company. The available Rewards corresponding to each Status can be accessed by the Client on the Program Page. 3.3. The assignment, retention, upgrade and downgrade of Statuses are determined according to the criteria set out in Clauses 3.3. – 3.9. below and/or published on the Program Page. 3.4.1. Subsequent Statuses will be assigned upon the accumulation of a specified number of XP. 3.4.2. The Client earns XP by completing supported activities within the Program, with different activities granting varying amounts of XP based on their type and rules. The amount of XP granted for each activity is determined by the current XP rules and rates displayed on the Program Page. The Company may also, at its discretion, award additional XP for participation in Challenges, special tasks, or promotional events as communicated through the Program Page. The Company may update XP rules and rates from time to time, and any such updates will become effective no earlier than 1 days after publication on the Program Page, provided that no such update shall apply retroactively to XP already accumulated by the Client prior to the update taking effect. 3.4.3. Once the Client reaches the required XP for the next Status, their Status will automatically upgrade. 3.5.1. If the Client accumulates more XP than required for their current Status, but not enough to reach the next one, the Client will remain at their current Status for its full duration. 3.6.1. If the Client fails to accumulate the required XP to maintain their current Status within the specified duration, they will be downgraded to the next lower Status. 3.7.1. Upon an upgrade, downgrade, or maintenance, the Client's XP count will reset to zero. 3.7.2. The duration for the new or retained Status will begin from the date of the upgrade, downgrade, or maintenance, and will follow the corresponding duration specified for that Status. 3.7.3. XP is not redeemable for money, goods, or any other form of compensation. In the event of an XP reset due to a Status upgrade, downgrade, or maintenance, the Client acknowledges that they have no entitlement to claim compensation, reimbursement, or any other form of redress from the Company, save where such reset results from the Company's error or non-compliance with these Terms and Conditions. 3.8. The Program is a loyalty feature offered by the Company. Although XP may be accumulated in connection with trading-related actions, XP, Statuses, and Rewards are not intended to induce the Client to trade beyond their means, risk appetite, or investment objectives, or to trade more frequently or in larger size than the Client would otherwise consider appropriate. The Company operates the Program consistently with its conflicts of interest and inducements policies, applicable Conduct of Business requirements, and its obligation to act in the Client's best interests. The Client should not increase their trading activity solely for the purpose of accumulating XP or advancing their Status. 3.9. Participation in the Program does not affect, replace, or waive the Company's client classification, appropriateness, or other obligations under applicable law, and does not constitute investment advice, a personal recommendation, or an inducement to enter into any particular transaction. The Client remains solely responsible for their own trading decisions.3. Program statuses assignment and duration
Status
Assignment
Duration
XP required for maintenance
XP required for upgrade
Bronze
Achieved upon accumulating 1 XP
30 days
0 XP
700 XP
Silver
Achieved upon accumulating 700 XP
30 days
700 XP
3,000 XP
Gold
Achieved upon accumulating 3,000 XP
60 days
3,000 XP
14,000 XP
Platinum
Achieved upon accumulating 14,000 XP
90 days
14,000 XP
-
3.4. Status upgrade
3.5. Status maintenance
3.6. Status downgrade
3.7. XP reset and new Status duration
4.1. Status Rewards may include the benefits listed in the Program Page. These may cover, without limitation: 4.2. Monthly Rewards 4.2.1. Clients with Gold and Platinum Statuses may select additional Rewards on a monthly basis during the duration of their Status. The list of available Monthly Rewards, their quantity, and selection rules are displayed on the Program Page. Any updates to Monthly Rewards take effect no earlier than 1 day after publication on the Program Page. 4.3. Additional Rewards may be granted to the Client, regardless of their Status, in accordance with the rules and conditions published on the Program Page. Additional Rewards may be provided for: 4.4. The Client may access and review the available Rewards corresponding to their Status through the Program Page. 4.5. The Company reserves the right to amend, modify, or discontinue any Rewards available to the Clients at its sole discretion, and shall provide reasonable prior notice of any such change via the Program Page where practicable, provided that no such change shall affect a Reward already earned and redeemed by the Client prior to the change taking effect. 4.6. The Rewards may not be substituted for cash payments or any other form of compensation. If a Reward or offer cannot be provided to the Client due to circumstances beyond the Company's control, the Company may, at its discretion, offer an alternative of equivalent value, but is not obligated to provide a cash equivalent or compensation. 4.7. The Rewards may vary depending on the Client's country and other circumstances, including legal or technical limitations, and at the Company's discretion. As a result, different Clients may have access to varying volumes and types of Rewards. The Client acknowledges and agrees that they have no entitlement to the Rewards that may be available to other Clients. 4.8. As a rule, all Rewards are provided directly to the Client. The Client shall not have the right to request the provision of any Rewards to third parties, including but not limited to family members, friends, or any other individuals, unless expressly allowed by the terms of the specific Rewards. 4.9. The Company shall not be held liable if the Client is unable to access any Rewards, whether due to circumstances beyond the Company's control, technical issues, or any other reason not attributable to the Company.4. Rewards
5.1. The Company may organise Challenges as part of the Program. Participation in Challenges is governed by the following terms:5. Participation in Challenges
6.1. The Rewards provided under the Program may be delivered by the Company itself or through its affiliated entities, partners, agents, or other third-party service providers involved in the fulfilment of such Rewards (collectively, 'Service Providers'), each of whom shall be contractually bound to protect such personal data to a standard consistent with the Data Protection Act, 2023. Information about specific Service Providers involved in delivering a particular Reward may be displayed on the Program Page. 6.2. In connection with the provision of the Rewards under the Program, the Company may be required to transfer the Client's personal data to these Service Providers, for purposes limited to providing services, processing subscriptions, and any other purpose specifically described in the Company's Privacy Policy. 6.3. The Company will ensure that any personal data shared with these Service Providers is limited to the minimum necessary for the provision of their respective services. The sharing of personal data will be in compliance with the terms outlined in the Customer Agreement, Privacy Policy, and any other applicable policies of the Company, and with the Data Protection Act, 2023, including its requirements concerning cross-border transfer of personal data. 6.4. The Client acknowledges and agrees to the sharing of their personal data with the Service Providers as described herein. The Client further consents to the transfer of their personal data to such Service Providers as required to facilitate the provision of the Rewards under the Program. 6.5. If necessary, the Client agrees to reasonably cooperate in providing any additional consents or authorisations required to enable the Company to transfer their personal data to the Service Providers. 6.6. The Client acknowledges that failure to provide the necessary consents or authorisations may result in the Client's inability to access the specific Reward for which such consent or authorisation is required, without affecting the Client's continued participation in the Program or access to other Rewards. 6.7. Unless otherwise notified, the Company may also use and publish the Client's personal information for promotional and marketing purposes, on the basis of the Company's legitimate interest in maintaining its relationship with the Client in accordance with the terms set forth in the Privacy Policy. The Client may object to or opt out of such use at any time by the means described in the Privacy Policy.6. Data sharing
7.1.1. Voluntary termination is not technically provided for in the Program. However, the Client reserves the right to decline the offered Rewards, refrain from completing Challenges, and opt out of activities designed to upgrade their Status. The Client may choose to discontinue their engagement without any formal termination process. 7.2.1. The Company may terminate participation in the Program in the following circumstances: 7.3.1. Upon termination for any reason, the Client will cease to participate in the Program and will forfeit all Rewards associated with participation and all accumulated XP, save that where termination occurs under Clause 7.2.1.4, 7.2.1.5, or 7.2.1.6 (i.e., for reasons other than the Client's breach, fraud, or misconduct under Clauses 7.2.1.1–7.2.1.3). Any Reward already earned and confirmed to the Client prior to termination shall not be forfeited, and any Rewards and XP accrued during the participation period will be nullified, unless otherwise specified by the Company. 7.3.2. The Client acknowledges and agrees that they shall have no claim for compensation, reimbursement, or any form of redress for the unused Rewards that were not provided, and for unused XP. This includes, but is not limited to, any benefits not redeemed or any privileges that the Client was unable to access prior to termination. 7.3.3. Following the termination of participation in the Program, the Company shall bear no responsibility or liability in relation to the cessation of participation, save for liability arising from the Company's own breach of these Terms and Conditions, fraud, or wilful misconduct. 7.3.4. Following the cessation of participation in the Program, the Company will retain and process the Client's personal data in accordance with its Privacy Policy for a period as required by law or for legitimate business purposes. The Client may request the deletion of their personal data, subject to the limitations outlined in the Company's Privacy Policy. 7.3.5. If the Client becomes a participant in any other loyalty program offered by the Company, their participation in the current Program will be terminated, and they will be subject to the Terms and Conditions of the new program.7. Termination
7.1. Voluntary termination
7.2. Termination by the Company
7.3. Consequences of termination
8.1. The Company reserves the right, at its sole discretion, to amend, suspend, or terminate the Program, in whole or in part, at any time, without prior notice to the Client. Any such amendments will be effective immediately upon posting on the Company's website or through the Program Page. 8.2. In the event of any conflict between this version of the Program's Terms and Conditions and any version published on the Company's website or on the Program Page, the most recent version shall prevail. 8.3. The Client is responsible for regularly reviewing the Program's Terms and Conditions. Continued participation in the Program after any changes have been made constitutes the Client's acceptance of the modified Terms and Conditions. 8.4. The Company may, at its sole discretion, suspend, limit, revoke, or adjust the Client's access to any Rewards in the following circumstances:8. Changes to the Program
9.1. All intellectual property rights, including but not limited to trademarks, logos, content, and materials provided through the Program, are owned by the Company or its licensors. The Client agrees not to use, copy, distribute, or alter any intellectual property belonging to the Company without prior written consent.9. Intellectual property
10.1. The Company is not liable for any damages, losses, or expenses incurred due to the Client's participation in the Program, including issues related to system malfunctions, delays, or interruptions. 10.2. The Company shall not be liable for any failure or delay in performance under these Terms and Conditions due to causes beyond its reasonable control, including but not limited to natural disasters, acts of government, labour disputes, internet failures, or any other events of force majeure. 10.3. Risk warning. Trading in securities, derivatives, and other leveraged financial instruments carries a high level of risk and may result in the loss of all invested capital, and may not be suitable for all investors. Participation in the Program does not reduce these risks. The Client should ensure they understand the risks involved and seek independent advice where necessary.10. Limitation of liability