Last updated: June 22, 2025
These Terms of Use (“Terms”) govern your access to and use of the Abra Securities website(s), trading platform, APIs, and any other online services or applications (collectively, the “Services”) provided by Abra Securities (“we,” “us,” “our”). By visiting, registering for, or using any part of the Services, you agree to these Terms in full. If you do not agree, do not access or use the Services.
1. Eligibility & Registration
1.1 Institutional Clients Only
- The Services are intended solely for qualified institutional or professional clients. Individual retail investors are not eligible to open accounts or execute trades.
1.2 Account Registration
- To access non-public areas of the Services, you must register and provide accurate, complete, and current information. You agree to update any information that changes.
- We reserve the right to refuse or terminate access at our discretion, without explanation.
1.3 Account Security
- You are responsible for maintaining the confidentiality of your account credentials and for all activities under your account. Notify us immediately of any unauthorized use.
2. Acceptable Use
2.1 Lawful Conduct
- You shall use the Services only for lawful purposes and in compliance with all applicable laws, regulations, and exchange rules.
2.2 Prohibited Activities
- No reverse-engineering, scraping, or unauthorized data harvesting.
- No distributing malware, launching denial-of-service attacks, or bypassing security controls.
- No using the Services to facilitate fraud, money-laundering, terrorist financing, or other illicit activities.
2.3 Suspension & Termination
- We may suspend or terminate your access immediately if you engage in prohibited activities, violate these Terms, or if required by law.
3. Intellectual Property
3.1 Ownership
- All content, code, software, designs, graphics, trademarks, and logos on or in the Services (“Materials”) are the exclusive property of Abra Securities or its licensors.
3.2 Limited License
- We grant you a revocable, non-exclusive, non-transferable license to access and use the Services solely for your institutional trading purposes, in accordance with these Terms.
3.3 Restrictions
- You may not copy, modify, distribute, create derivative works of, publicly display, or commercially exploit the Materials without our prior written consent.
4. User-Generated Content
4.1 Feedback & Submissions
- Any suggestions, comments, or feedback you provide regarding the Services (“Feedback”) become our exclusive property. We may use or incorporate Feedback without obligation or compensation to you.
4.2 Communications
- Any messages, chat logs, or communications through the Services are subject to monitoring and archival by us for compliance and quality-assurance purposes.
5. Third-Party Materials & Links
5.1 Third-Party Content
- The Services may display data, analytics, or tools provided by third-party vendors. We do not endorse or guarantee their accuracy.
5.2 External Links
- Links to external websites are provided for convenience. We have no responsibility for their content or security.
6. Fees & Billing
6.1 Service Fees
- Access to certain Services (e.g., API usage, advanced analytics) may require payment of subscription or usage fees as set forth in our fee schedule.
6.2 Payment Terms
- Fees are invoiced in U.S. dollars and due within thirty (30) days of invoice date, unless otherwise agreed in writing.
6.3 Suspension for Non-Payment
- We may suspend your access to fee-based Services if invoices remain unpaid beyond thirty (30) days.
7. Disclaimers
7.1 “As-Is” Supply
- The Services are provided “as-is” and “as-available.” We disclaim all warranties, express or implied, including merchantability, fitness for a particular purpose, and non-infringement.
7.2 No Guarantee of Results
- We do not guarantee specific outcomes, performance levels, or suitability of the Services for your objectives.
8. Limitation of Liability
8.1 Cap on Liability
- To the fullest extent permitted by law, our aggregate liability for claims arising under these Terms will not exceed the total fees you paid for the Services in the three (3) months preceding the event.
8.2 Excluded Damages
- We shall not be liable for indirect, incidental, consequential, special, punitive, or lost-profit damages, even if advised of their possibility.
(For full details, see our Limitation of Liability & Indemnification provision.)
9. Indemnification
You agree to defend, indemnify, and hold harmless Abra Securities and its affiliates, officers, and employees from any claims, losses, or expenses arising from your breach of these Terms, misuse of the Services, or violation of any law or third-party right.
10. Data Rights & Privacy
Your use of the Services is subject to our Privacy & Data Protection Notice and Cookie & Tracking Policy, which explain how we collect, use, and protect your personal data.
11. Governing Law & Dispute Resolution
11.1 Governing Law
- These Terms are governed by the laws of the Republic of Turkey, without regard to conflict of law principles.
11.2 Dispute Resolution
- Any dispute arising from or related to these Terms or the Services will be resolved exclusively in the courts of Istanbul, Turkey. You consent to personal jurisdiction and waive any objection to venue.
12. Amendments & Notices
12.1 Amendments
- We may modify these Terms at any time by posting an updated version on our site. Continued use of the Services constitutes acceptance of the revised Terms.
12.2 Notices
- We may provide notices via email or platform notifications. You are responsible for maintaining current contact information.
By accessing or using the Services, you acknowledge that you have read, understood, and agreed to these Terms of Use in their entirety. If you do not agree, you must stop using the Services immediately.
