Terms and Conditions

Magnr Terms and Conditions

Use of the Magnr website ("Website") and the services offered on the Website ("Service") are governed by the terms contained on this Terms of Service page ("Terms"). By accessing, viewing or downloading information from the Website and using the Service provided by Magnr you acknowledge that you have read, understand, and unconditionally agree to be bound by these Terms. Magnr may at any time, without notice, amend the Terms. You agree to continue to be bound by any amended terms and conditions and that Magnr has no obligation to notify you of such amendments. You acknowledge that it is your responsibility to check these Terms periodically for changes and that your continued use of the Website and Services offered by Magnr following the posting of any changes to the Terms indicates your acceptance of any such changes.

The Website and the copyright in all text, graphics, images, software and any other materials on the Website is owned by Ltd. including all trademarks and other intellectual property rights in respect of materials and Service on the Website. Materials on this Website may only be used for personal use and non-commercial purposes.

You may display on a computer screen or print extracts from the Website for the above-stated purpose only provided that you retain any copyright and other proprietary notices or any Magnr trademarks or logos, as shown on the initial printout or download without alteration, addition or deletion. Except as expressly stated herein, you may not without Magnr's prior written permission alter, modify, reproduce, distribute or use in any other commercial context any materials from the Website.

You acknowledge that 'Magnr' and the logo are trademarks of Ltd. You may reproduce such trademarks without alteration on material downloaded from this Website to the extent authorized above, but you may not otherwise use, copy, adapt or erase them.

You shall not in any circumstances obtain any rights over or in respect of the Website (other than rights to use the Website pursuant to these Terms and any other terms and conditions governing a particular service or section of the Website) or hold yourself out as having any such rights over or in respect of the Website.


"Agreement" - means the Terms and Conditions of Use herein.

"Magnr" – means Magnr a trading name of Ltd., a company founded in the United Kingdom.

“Magnr Savings” – means the savings deposit account feature.

“Magnr Trading” – means the leverage trading account feature.

"Data" - means any data input by you or with your authority into the Website.

"Intellectual Property Rights" - means any registered or unregistered design rights, patents, copyright, database rights, data protection rights, trade marks, service marks, moral rights, know-how and any other intellectual or industrial property rights, anywhere in the world.

"Member" - means any current registered user of Magnr.

"Service" - means all services made available (as may be changed or updated from time to time by Magnr) via the Website.

"Website" - means any of the images, written material, databases, software or other material available on any website owned or operated by Ltd.

1. Access Conditions

1.1 You will ensure that all usernames and passwords required to access the Website are kept secure and confidential. You will immediately notify Magnr of any unauthorized use of your passwords or any other breach of security and Magnr will reset your password.

1.2 When accessing and using the Service, You must:

(a) not attempt to undermine the security or integrity of Magnr’s computing systems or networks or, where the Services are hosted by a third party, that third party's computing systems and networks;

(b) not use, or misuse, the Services in any way which may impair the functionality of the Services or Website, or other systems used to deliver the Services or impair the ability of any other user to use the Services or Website;

(c) not attempt to gain unauthorized access to the computer system on which the Website is hosted or to any materials other than those to which you have been given express permission to access;

(d) not transmit or input into the Website any files that may damage any other person's computing devices or software; content that may be offensive; or material or Data in violation of any law (including Data or other material protected by copyright or trade secrets which you do not have the right to use);

(e) not attempt to modify, copy, adapt, reproduce, disassemble, decompile or reverse engineer any computer programs used to deliver the Services or to operate the Website except as is strictly necessary to use either of them for normal operation.

1.3 Use of the Service may be subject to limitations, including but not limited to transaction volumes and the number of calls permitted to be made against Magnr’s application programming interface. Any such limitations will be advised.

1.4 For the purpose of account security, Magnr reserves the right to request additional information at any time to support the verification of user identities.

1.5 By registering as a Member, a Member represents and warrants:

(a) they have accepted the Terms; and

(b) they are at least 18 years of age and have the capacity to accept the Terms; and

(c) they will not register more then one account unless prior permission has been obtained.

1.6 Magnr reserves the right to lock or close accounts with no notice deemed as duplicate.

2. Intellectual Property Rights

2.1 All intellectual property rights relating to all the material used on the Website including, but not limited to, design, structure, layouts, graphical images and underlying source code belongs to Magnr. All rights are reserved.

2.2 You acknowledge that, except as otherwise agreed between the parties in writing, all intellectual property rights of Magnr and the Website shall remain with Magnr.

2.3 By submitting content to any public area of the Website, including blogs, message boards, and forums, you grant Magnr a royalty-free, perpetual, irrevocable, non-exclusive right and license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, communicate to the public, perform and display the content (in whole or in part) worldwide and to incorporate it in other works in any form, media, or technology now known or later developed, for the full term of any rights that may exist in such content. You also permit any subscriber to access, display, view, store and reproduce such content for personal use.

2.4 By submitting any content to the Website you warrant that you are entitled to and have all necessary intellectual property rights over that content.

3. Anti Money Laundering “AML” and Know Your Customer “KYC”

3.1 Magnr reserves the right to request additional forms of identification used for the purpose of understanding more about who clients are.

3.2 Magnr reserves the right to perform due diligence checks against the identification and verification of its users. These may include and are not limited to Politically Exposed Persons (PEPs) and Office of Foreign Assets Control (OFAC) sanction lists.

3.3 Magnr reserves the right to withhold or delay the withdrawal of funds belonging to users who fail to comply.

4. Counter Terrorism Financing “CTF”

4.1 Magnr reserves the right to file Suspicious Activity Reports (SAR) in confidentiality to relevant government agencies.

5. Privacy Policy

5.1 Please refer to the Magnr Privacy Policy, which forms part of these terms.

6. Data Protection

6.1 Magnr may place information concerning you on a database of internal use only. Magnr will not disclose your details to any third party unless required by law, unless specifically instructed to the contrary by you.

7. Third Party Websites

7.1 Magnr links to third party websites that are not affiliated or associated with Magnr (although Magnr branding, advertisements or links may appear on these websites) and Magnr may send e-mail messages to you containing links to third parties. Magnr makes no representation as to the quality, suitability, functionality or legality of the material on third party websites that are linked to, or to any goods and services available from such websites. The material is only provided for your interest and convenience. Magnr does not monitor or investigate such third party websites and Magnr accepts no responsibility or liability for any loss arising from the content or accuracy of this material and any opinion expressed in the material should not be taken as an endorsement, recommendation or opinion of Magnr.

8. Warranties and Representations

8.1 You acknowledge that:

a) You are authorized to access and use the Website;

b) If you are using the Website on behalf of or for the benefit of any organization then it is assumed that you have the right to do so. The organization will be liable for your actions including any breach of these Terms;

c) Your use of the Website and the Service is at your own risk. You agree that Magnr is not liable for any damage, loss or harm arising out of your use of the Website and Service;

d) The information provided on the Website is for general information purposes only and is given in good faith. The information should not be construed as a recommendation to trade or engage the Service provided by Magnr in a particular manner; and

e) Magnr does not warrant that the use of the Website will be uninterrupted or error free. Among other things, the operation and availability of the systems used for accessing the Website, computer networks and the Internet, can be unpredictable and may from time to time interfere with or prevent access to the Website. Magnr is not in any way responsible for any such interference that prevents your access or use of the Website and the Service.

8.2 Magnr gives no warranty about the Website. Without limiting the foregoing, Magnr does not warrant that the Website will meet your requirements or that it will be suitable for your purposes. To avoid doubt, all implied conditions or warranties are excluded insofar as is permitted by law including, without limitation, warranties of merchantability, fitness for purpose, title and non-infringement.

8.3 You warrant and represent that you are acquiring the right to access and use the Website and agreeing to these Terms for the purposes of a business and that, to the maximum extent permitted by law, any statutory consumer guarantees or legislation intended to protect non-business consumers in any jurisdiction ­ upon which the product is depend upon for any part of its functionality.

9. Service Performance

9.1 By using this service you confirm your understanding that the timely operation of the Internet and the World Wide Web is governed by constraints beyond the control of Magnr. You accept that Magnr is not liable for any perceived slow operation of the Website.

10. Indemnification

10.1 You agree to indemnify and hold harmless Magnr, its contractors, and its licensors, and their respective directors, officers, employees and agents from and against any and all claims and expenses, including attorneys' fees, arising out of your use of the Website, including but not limited to out of your violation this Agreement.

11. Limitation of Liability

11.1 In no event will Magnr, or its suppliers or licensors, be liable with respect to any subject matter of this agreement under any contract, negligence, strict liability or other legal or equitable theory for: (i) any special, incidental or consequential damages; (ii) the cost of procurement or substitute products or services; (iii) for interruption of use or loss or corruption of data; or (iv) for any amounts that exceed the fees paid by you to Magnr under this agreement during the twelve (12) month period prior to the cause of action. Magnr shall have no liability for any failure or delay due to matters beyond their reasonable control. The foregoing shall not apply to the extent prohibited by applicable law.

12. Termination & Remedies for Breach of these Terms by You

a) Magnr reserves the right to seek all remedies available at law and in equity for violations of these Terms, including without limitation, the right to restrict, suspend or terminate your account or deny you access to the Website without notice; and

b) Magnr shall be entitled to disclose your user identity and personal details if required or requested by a court of law, governmental agency or any other law enforcement authority in such circumstances as Magnr in its sole discretion considers reasonably necessary or appropriate.

13. Absence of Waiver

13.1 Any failure or delay by Magnr to enforce any of the Terms or to exercise any right under the Terms will not be construed as a waiver to any extent of our rights.

14. Force Majeure

14.1 Neither party is liable for delay in meeting its obligations due to any cause outside its reasonable control including acts of god, riot, war, malicious acts of damage, fires, electricity supply failure, Government authority.

15. Survival

15.1 Should any provision of these Terms be held to be void, invalid, unenforceable or illegal by a court, the validity and enforceability of the other provisions shall not be affected. If any provision is determined to be unenforceable, you agree to an amendment by Magnr of such provision to provide for enforcement of the provision’s intent, to the extent permitted by applicable law.

16. Governing Law

The Terms are governed by and construed in accordance with English law. You agree to the exclusive jurisdiction of the English courts.


Contact Us

If you have any concerns regarding our Terms and Conditions, please contact us for more information.


Last updated: October 2016


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