Terms of Use
Everything on this site is educational material, not advice and not an offer to trade.
Educational material only
The pages on this site are educational material, not personal advice and not an offer to buy or sell any instrument. We do not know your circumstances, your income or your tolerance for loss, and nothing here is written for your situation.
If you need advice on whether trading suits you, speak to a licensed adviser. This desk is not one, and it does not present itself as a broker, bank or adviser of any kind.
Reading These Terms Alongside the Rest of the Bok Chain Pages
These terms are one part of the Bok Chain site and should be read with the pages that explain risk, the educational nature of the material and the use of dated figures. Together they describe the whole basis on which you use the site. No single page stands alone, and a statement on one page is not a promise that overrides another. If there is a conflict between a general page and these terms, these terms take precedence on the subjects they cover, including liability, law and changes.
The site covers bitcoin (BTC/USD) only in the sense of explaining how the contract works: 1 standard lot equals 1 BTC, one pip equals 1.0, and the reference price of approximately 77000.0 is an example. It does not cover every instrument, and it does not describe the costs of trading as fixed numbers, because spreads, commissions, swaps and minimum deposits depend on the broker and the account. Where a figure is given, such as the roughly $385.00 margin for 0.10 lots at up to 1:200, it is an illustration of the calculation, not a quote.
Nothing on this site is a substitute for the broker's client agreement, order execution policy or fee schedule. Those documents are the ones that bind your account, and they are issued by FxPro, not by Bok Chain. Before you deposit rand by local card, bank transfer or e-wallet, read them and confirm which FxPro entity your account is opened with. The regulator caveat applies throughout: FxPro is licensed by the FCA (UK) and CySEC, and an FxPro entity holds an FSCA licence in South Africa, so check the entity on your own paperwork.
The risk you are taking
CFDs on bitcoin carry a high risk of loss, and most retail accounts lose money. Leverage, including the caps available to South African clients, magnifies both gains and losses, and a position can move against you quickly.
A worked figure shows the scale: at 1:200 for retail, with up to 1:500 for eligible or professional clients depending on instrument, a 0.10-lot bitcoin position needs about $385.00 margin. That is a margin requirement, not a limit on what you can lose.
Limits of Liability Are Stated in Everyday Language
Bok Chain is not liable for any trading loss you suffer. The site provides general information, and you are responsible for every order you place, every lot size you choose and every deposit you make. If you trade 0.10 lots of bitcoin at up to 1:200 leverage for retail clients, the margin required is about $385.00, but the loss you can incur depends on how far the price moves against you, not on the margin figure. Nothing on this site transfers that risk to Bok Chain.
Bok Chain does not guarantee that the information is complete, current or free from error. Bitcoin prices move quickly, and the reference price of approximately 77000.0 is an example used for illustration, not a live quote. Leverage of up to 1:200 for retail clients and up to 1:500 for eligible or professional clients is a cap, not a target, and the appropriate level depends on your own assessment of risk. If you rely on anything you read here, you do so at your own discretion and accept the consequences.
Bok Chain is not responsible for the actions of FxPro or any other third party. That includes platform outages, order rejections, funding delays, changes to margin requirements or decisions about your account. Your relationship with FxPro is governed by FxPro's own client agreement, and any dispute about execution, fees or withdrawals is between you and FxPro. Bok Chain cannot reverse a trade, recover a loss or intervene in a broker's decision, and it does not hold itself out as able to do so.
Bok Chain Publishes Information About Trading BTC/USD, Not Personal Advice
Bok Chain is an information service that explains how bitcoin (BTC/USD) trading works, including how a standard lot of 1 BTC and a pip of 1.0 are used in practice. It does not tell you whether to buy or sell, does not manage money, and does not provide a recommendation tailored to your circumstances. Every explanation is general and educational, designed to help you understand the mechanics before you decide anything. If you need advice about your own finances, speak to a licensed financial adviser who can consider your income, goals and tolerance for loss.
The site is not a broker, dealer or investment platform. It does not hold client funds, execute orders or open accounts. Any trading you do happens with a third-party broker such as FxPro, whose platforms include MT4, MT5, cTrader and FxPro Edge. The entity that serves South Africa is FxPro Markets Direct Costa Rica Latam SRL, and you should check which entity your own account is opened with. Deposits are made in rand (R) using local cards, bank transfers or e-wallets, and those transactions are between you and the broker, not Bok Chain.
Bok Chain is not a signal provider, a fund or a place to copy trades. It does not promise returns, does not claim to predict bitcoin prices and does not present any outcome as guaranteed. Trading bitcoin with leverage is high-risk and you can lose more than you deposit if the market moves against you. The site exists to make the terms of that risk clearer, not to reduce it. Read every page as background reading, and treat any decision to trade as yours alone, made with money you can afford to lose.
Changes to These Terms Are Published on This Page With a New Date
Bok Chain publishes changes to these terms on this page. When the terms are updated, the revised version replaces the old one here and carries a new effective date at the top. There is no separate email alert and no account notification, because the site does not hold user accounts. If you want to know whether the terms have changed, check this page before you rely on it. The date shown is the date the current version took effect, not the date of the first publication.
Changes may be made for several reasons: to reflect a new affiliate arrangement, to correct wording, to align with South African law, or to describe a change in the instruments covered, such as the bitcoin (BTC/USD) contract where 1 lot equals 1 BTC and one pip equals 1.0. The site does not announce changes in advance, and it does not promise a notice period. The version published here is the version that applies from its effective date, and earlier versions are superseded.
Continued use of the site after a change is published means you accept the updated terms. If you do not accept them, you should stop using the site. No change will apply retrospectively to a dispute that arose before the effective date, and no change will reduce any right you have under South African consumer law. The terms are kept short so that changes are easy to spot, and the full current text is always the text on this page rather than any cached or copied version.
South African Law Governs These Terms and Your Use of the Site
These terms are governed by the laws of South Africa. If a dispute arises about your use of Bok Chain, it will be dealt with under South African law, and the courts of South Africa will have jurisdiction unless a mandatory consumer law gives you another forum. The site is written for readers in South Africa, uses rand amounts where relevant and refers to the FSCA because that is the regulator local readers recognise. Nothing in these terms removes any right you have under South African consumer protection legislation.
The regulatory position of FxPro is separate from the law that governs this website. FxPro is licensed by the FCA (UK) and CySEC, and an FxPro entity holds an FSCA licence in South Africa, but you must check which entity your own account is opened with, because the licence that applies depends on the entity named in your client agreement. Bok Chain does not hold an FSCA licence and does not provide financial services. It is a publisher of educational content, and the regulator caveat above is included so you can verify the broker's status yourself.
Where any part of these terms is found to be unenforceable under South African law, that part will be read down or removed and the rest will continue to apply. The terms do not limit liability for fraud or for anything else that cannot lawfully be limited. They are written in plain English so that a reader without a legal background can follow them, and they should be read together with the rest of the site, including the pages that explain risk and the educational nature of the material.
Dated figures and affiliate links
Figures on this site are dated and must be verified with the broker before you rely on them. A cost or condition you read here may have changed since the date it was checked, and the broker's own documents are the version that governs your account.
Some links to brokers are affiliate links, which means we may be paid a referral fee. Your relationship is with the broker, not with this desk, and any account, funding or withdrawal matter is handled by the broker under its own terms.
The Affiliate Relationship With FxPro Is Disclosed In Full
Bok Chain has an affiliate relationship with FxPro. When you click a link from this site to FxPro and open an account, Bok Chain may receive a payment from FxPro. That payment is a form of referral commission and it does not change the price you pay to trade, because the costs you face are set by the broker and depend on the instrument, the account type and market conditions. The commission is how the site is funded, and it is the reason links to FxPro appear on these pages.
The affiliate arrangement does not give Bok Chain any control over FxPro's platforms, pricing or execution. It also does not mean Bok Chain recommends FxPro over any other broker, or that FxPro's terms are suitable for you. You should compare brokers yourself, read the client agreement and check the regulator caveat: FxPro is licensed by the FCA (UK) and CySEC, and an FxPro entity holds an FSCA licence in South Africa. Always confirm which entity your own account is opened with before you deposit any rand.
Affiliate payments can create a conflict of interest, and Bok Chain manages that by keeping the educational material separate from the referral links. No page on this site states a spread, commission, swap or minimum deposit as a number, because those figures are set by the broker and can change. Where you see a link to FxPro, treat it as a commercial link that may earn the site money, and make your decision on the broker's own documents and your own research, not on the presence of a link here.