Terms and Conditions
Terms and Conditions Content
Last Updated: 05/02/2026
These Terms and Conditions (“Terms”) govern access to and use of the services provided by SWAPS WORLD BROKER SERVICES (“SWAPS”, “we”, “us”, or “our”), including its digital asset brokerage, trading, liquidity, and related services (the “Services”).
By accessing or using the Services, you (“Client”, “you”, or “your”) agree to be bound by these Terms.1. Regulatory Status
SWAPS WORLD BROKER SERVICES operates in accordance with applicable laws and regulations of the Virtual Assets Regulatory Authority (VARA) in the Emirate of Dubai, United Arab Emirates.
The Services are provided solely to eligible institutional and professional clients, subject to applicable onboarding, compliance, and regulatory requirements.
Nothing in these Terms constitutes an offer to provide services in any jurisdiction where such services would be unlawful.
2. Scope of Services
SWAPS provides institutional digital asset brokerage services, which may include:
- Execution of digital asset transactions
- Access to liquidity and markets
- Order routing and execution services
- Programmatic access via APIs
- Related institutional support services
SWAPS acts as a brokerage and execution service provider and does not provide investment advice, portfolio management, or fiduciary services unless expressly agreed in writing.
3. Client Eligibility
Access to the Services is limited to:
- Regulated financial institutions
- Professional market participants
- Corporates, commodities firms, payment providers, and institutional entities
Clients must successfully complete SWAPS’ know-your-client (KYC), anti-money laundering (AML), counter-terrorist financing (CTF), and onboarding procedures in accordance with VARA requirements.
SWAPS reserves the right to refuse or terminate access at its sole discretion, subject to applicable law.
4. Client Obligations
Clients agree to:
- Provide accurate, complete, and up-to-date information
- Use the Services solely for lawful purposes
- Comply with all applicable laws, regulations, and sanctions regimes
- Maintain appropriate internal controls and authorizations
Clients are solely responsible for all trading decisions, instructions, and activities conducted through their accounts.
5. Execution and Market Risk
Digital asset markets are volatile and subject to rapid price movements, liquidity fluctuations, and technological risks.
By using the Services, Clients acknowledge and accept that:
- Execution prices may differ from indicative or quoted prices
- Market conditions may impact execution quality
- Past performance is not indicative of future results
SWAPS does not guarantee execution at any specific price, volume, or time.
6. Fees and Charges
Clients agree to pay all applicable fees, commissions, and charges as disclosed by SWAPS from time to time.
Fees may vary based on volume, services used, or specific contractual arrangements. All fees are exclusive of applicable taxes unless stated otherwise.
7. Custody and Asset Handling
Unless expressly agreed otherwise in writing:
- SWAPS does not act as a custodian of Client assets
- Digital assets may be held with third-party custodians or settlement providers
- Clients bear the risk associated with blockchain networks and settlement mechanisms
Details regarding asset handling, settlement, and custody arrangements will be provided during onboarding or in supplemental agreements.
8. Technology and Availability
SWAPS provides access to its Services on an “as is” and “as available” basis.
While SWAPS takes reasonable measures to ensure system availability, Clients acknowledge that:
- Services may be temporarily unavailable due to maintenance, upgrades, or unforeseen events
- SWAPS is not responsible for disruptions caused by third-party systems or networks
9. Compliance and Monitoring
SWAPS maintains compliance frameworks aligned with VARA requirements, including transaction monitoring and risk controls.
Clients acknowledge that SWAPS may:
- Monitor activity for compliance and risk purposes
- Report suspicious or reportable activity to relevant authorities
- Suspend or restrict access where required by law or regulation
10. Confidentiality and Data Protection
SWAPS treats Client information as confidential and processes personal data in accordance with applicable data protection laws and its Privacy Policy.
Information may be disclosed where required by law, regulation, or competent authority.
11. Limitation of Liability
To the maximum extent permitted by law:
- SWAPS shall not be liable for indirect, incidental, or consequential losses
- Liability arising from market movements, network failures, or force majeure events is excluded
- Total liability shall be limited as set out in applicable agreements
Nothing in these Terms limits liability where such limitation is prohibited by law.
12. Indemnification
Clients agree to indemnify and hold harmless SWAPS from any claims, losses, or damages arising from:
- Breach of these Terms
- Unlawful use of the Services
- Violation of applicable laws or regulations
13. Termination
SWAPS may suspend or terminate Services:
- For regulatory or compliance reasons
- For breach of these Terms
- Where required by law or authority
Termination does not affect accrued rights or obligations
14. Amendments
SWAPS may amend these Terms from time to time. Updated Terms will be published on the website and become effective upon publication unless stated otherwise.
15. Governing Law and Jurisdiction
These Terms are governed by the laws of the United Arab Emirates, as applicable in the Emirate of Dubai.
Any disputes shall be subject to the exclusive jurisdiction of the courts of Dubai, unless otherwise required by applicable regulation.
16. Contact
For questions regarding these Terms or the Services:
SWAPS WORLD BROKER SERVICES
ONLY SWAPS GENERAL TRADING FZCO License Number 77215