Trade Policy
Last Updated: 2024.5.1
This Trade Policy outlines the rules, guidelines, and responsibilities for all trading activities conducted on the WellatKing platform. By engaging in any trade or transaction on WellatKing, you agree to comply with this policy, applicable laws, and the platform’s Terms & Conditions.
1. General Trading Guidelines
- Eligibility: Only verified users are permitted to engage in trade on WellatKing. Users must provide accurate account and identity details as required during registration.
- Transparency: All transactions must be accurately documented and tracked within the platform. Manipulation or falsification of trade records is strictly prohibited.
- Compliance: All trades must adhere to applicable local, national, and international trade laws, including but not limited to anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations.
2. Product and Service Listings
- Allowed Items: Only items or services approved by WellatKing may be traded on the platform. Unauthorized or restricted items include:
- Illicit goods (e.g., counterfeit products, stolen property).
- Items violating intellectual property laws.
- Products or services promoting violence, terrorism, or illegal activities.
- Accuracy: Listings must include complete and accurate descriptions, pricing, and terms of sale.
- Prohibited Listings: Listings that violate laws, contain misleading or fraudulent information, or infringe on third-party rights are strictly prohibited.
3. Trade Execution
- Order Placement: Users are responsible for reviewing trade details (e.g., pricing, terms, and conditions) before placing orders.
- Payment Obligations: Payment must be made using approved methods on the WellatKing platform. Off-platform transactions are not supported or protected.
- Delivery: Sellers are responsible for ensuring the timely delivery of goods or services in accordance with the agreed-upon terms.
4. Fees and Charges
- Platform Fees: WellatKing charges fees for trade execution, which will be clearly communicated during the transaction process.
- Tax Compliance: Users are responsible for compliance with tax obligations related to their transactions, as applicable in their jurisdictions. WellatKing may collect and remit taxes where legally required.
5. Dispute Resolution
- Reporting Issues: Users must report disputes or issues (e.g., non-delivery, misrepresentation) to WellatKing within [specified timeframe] from the trade date.
- Resolution Process:
- WellatKing will mediate disputes based on provided evidence and platform records.
- Final decisions are at the sole discretion of WellatKing and are binding for both parties.
- Chargebacks: Unauthorized chargebacks will be treated as a breach of this policy, and accounts involved may be suspended or terminated.
6. Prohibited Trading Practices
WellatKing enforces strict rules against unethical trading behavior, including but not limited to:
- Market Manipulation: Engaging in activities that distort market fairness or pricing.
- Fraudulent Transactions: Involvement in scams, identity theft, or false claims.
- Collusion: Coordinating with others to exploit the platform or users.
- Violation of Laws: Engaging in trade that contravenes local, national, or international laws.
Violations may result in immediate suspension or termination of accounts, forfeiture of funds, and reporting to relevant authorities.
7. User Responsibilities
- Buyers: Must thoroughly review product/service descriptions and agree to terms before making purchases.
- Sellers: Must ensure all listings are accurate, legal, and deliverable. Sellers are also required to maintain a high standard of customer service.
- Security: Users must protect their account credentials and monitor transactions for any unauthorized activity.
8. Platform Responsibilities
- Monitoring and Enforcement: WellatKing monitors trade activities for compliance with this policy and reserves the right to take action against violations.
- Transparency: Fees, policies, and updates will be communicated clearly to all users.
- Support: WellatKing provides support to facilitate secure and efficient trading experiences.
9. Amendments
WellatKing reserves the right to update this Trade Policy at any time. Changes will be communicated to users through notifications or updates on the platform.
10. Contact Information
For questions or concerns about this Trade Policy, please contact us at:
By participating in trading activities on WellatKing, you agree to comply with this Trade Policy and acknowledge that violations may result in account suspension, termination, or legal action.