Terms of Service
1. Acceptance of Terms
By creating an account, accessing or using VESTEX (the "Service"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree, do not use the Service. VESTEX may update these Terms from time to time; continued use after changes become effective constitutes acceptance of the updated Terms.
2. Who We Are
VESTEX is a brand operated by Silver Capital Financial s.r.o. ("we", "us", "VESTEX"). VESTEX provides access to cryptocurrency trading and related financial services. VESTEX acts as an intermediary and executes trades on regulated or recognised venues on behalf of its users under an omnibus account model.
Operated by: Silver Capital Financial s.r.o.
Registered address: Frydlantska 1312/19, Kobylisy, 182 00 Prague 8, Czech Republic
Contact: contact@silvercapital.io
3. Eligibility
You must be at least 18 years old and legally able to enter into binding contracts in your jurisdiction. You represent that you are not a resident of, or located in, any jurisdiction where use of the Service is prohibited by applicable law or sanctions. You must complete identity verification (KYC) before accessing deposits, withdrawals, trading, or card services.
4. Accounts and Security
- You are responsible for maintaining the confidentiality of your login credentials and for all activities under your account.
- You must enable two-factor authentication (2FA) for sensitive operations.
- You must immediately notify VESTEX of any unauthorised access to your account.
- VESTEX may suspend or terminate accounts that violate these Terms, applicable law, or internal risk policies.
5. Services
The Service includes, without limitation:
- Spot trading of digital assets
- Inverse perpetual futures trading
- Fiat on-ramp via third-party providers
- Custodial wallet services through a third-party MPC custodian
- Prepaid card issuance through partner banks
Availability of specific products may vary by jurisdiction, user classification, and internal risk controls. Products may be paused, restricted, or discontinued without prior notice.
6. Title Transfer, Custody and Omnibus Account Model
6.1 Title Transfer
By depositing digital assets with VESTEX, you agree that full legal and beneficial title to, and ownership of, such assets transfers absolutely to VESTEX upon receipt, for the purpose of securing, covering and settling your obligations arising from your use of the Services, including trading and related activities.
Following such transfer, the assets shall constitute VESTEX's own property, and VESTEX shall be entitled to deal with, deposit, pledge, transfer, on-lend or otherwise use such assets in the course of its business, including transferring them to third-party custodians, execution venues, liquidity providers and prime brokers, without further notice to or consent from you.
You will not retain any proprietary interest in the specific assets deposited, and you shall instead have a contractual claim against VESTEX for the redelivery of an equivalent amount of assets of the same type, subject to these Terms and to any amounts you owe to VESTEX.
You acknowledge that, as a consequence of this arrangement, your assets are not held on a segregated or trust basis and will not be protected as client assets, and that you assume credit risk in respect of VESTEX.
6.2 Omnibus Holdings
Assets are held on an omnibus basis through third-party custodians and execution venues. VESTEX maintains an internal ledger recording each user's contractual claim against VESTEX for the redelivery of an equivalent amount of assets (see Section 6.1); this ledger does not confer or preserve any proprietary interest in specific assets. In the event of insolvency of a custodian or execution venue, recoveries are subject to the legal regime applicable to such counterparty and may be delayed, reduced, or lost.
7. Fees and Execution
Fees, spreads, and mark-ups applicable to deposits, withdrawals, trades, conversions, and card loads are disclosed on the Service and may be updated from time to time. VESTEX does not guarantee best execution and may earn mark-ups, spreads, or rebates on trades routed to venues.
8. Risk Disclosure
Trading digital assets and derivatives involves substantial risk, including the risk of total loss of funds. You acknowledge that you have read the Risk Disclosure and accept these risks. VESTEX does not provide investment, tax, or legal advice.
9. Prohibited Activities
You agree not to use the Service for illegal purposes, market manipulation, money laundering, terrorist financing, sanctions evasion, or to circumvent KYC or AML controls. VESTEX may freeze, terminate, or report accounts suspected of such activity.
10. Suspension, Termination, and Account Closure
VESTEX may suspend, restrict, or terminate your access to the Service at any time, with or without notice, for reasons including but not limited to: suspected fraud, regulatory or compliance requirements, violation of these Terms, extended inactivity, or operational necessity. Upon termination, VESTEX will return remaining assets to you subject to regulatory and AML requirements.
11. Limitation of Liability
To the maximum extent permitted by applicable law, VESTEX, its affiliates, directors, officers, employees, and agents shall not be liable for any indirect, incidental, special, consequential, or exemplary damages, including loss of profits, data, or goodwill, arising from or related to your use of the Service.
12. Indemnification
You agree to indemnify and hold VESTEX harmless from any claim, demand, loss, or damages arising from your breach of these Terms, your use of the Service, or your violation of any third-party rights or applicable law.
13. Governing Law and Dispute Resolution
These Terms shall be governed by the laws of the Czech Republic. Disputes shall be resolved through binding arbitration as set forth in the Arbitration Clause. Nothing in these Terms waives any mandatory consumer rights under applicable law.
14. Changes to These Terms
VESTEX may amend these Terms from time to time. Material changes will be notified by email or in-app notification. The "Version" indicator above reflects the current version. Continued use of the Service after changes become effective constitutes acceptance.
15. Contact
For questions about these Terms, contact legal@vestex.ai.