Terms of Use & Risk Disclosure

Last Updated on 1.06.2020

Welcome to our website. We’d like to get it straight out of the way – If you continue to browse and use this website and/or place an order for one of our course and/or products and/or services, you are agreeing to comply with and be bound by the following terms and conditions of use, which govern our (Elite CurrenSea’s) relationship with you in relation to this website.

If you disagree with any part of these terms and conditions, please do not use our website and/or any our products, services and/or courses.

The term ‘Elite CurrenSea’, ‘ECS’, SonderSpot OÜ or ‘us’ or ‘we’ refers to the owner of the website whose registered offices are in Tallinn, Estonia, (Registry Number: 14549907) . The term ‘you’ refers to the user or viewer of our website. Below are the main terms and conditions of using our website and services.

SonderSpot OÜ is an Estonian company that holds 33,3% of rights on the trademark ElitecurrenSea and website www.elitecurrrensea.com, while 33,3% belong to physical person Chris Svorick and 33,3% to physical person Nenad Kerkez. Hence, SonderSpot OÜ governs all the agreements clients and website visitors come into via the website and other online properties.

Primary Terms of Use

Furthermore, the use of this website and/or our courses, services and/or products are subject to the following terms of use:

  1. The content of the pages of, on or from us is for your general information and use only. It is subject to change without notice.
  2. This website uses cookies to monitor browsing preferences. If you do allow cookies to be used, personal information may be stored by us for use by third parties.
  3. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and materials found or offered from us for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law.
  4. Your use of any information or materials on, via or from us is entirely at your own risk, for which we shall not be liable. It shall be your own responsibility to ensure that any products, services or information available from us meet your specific requirements.
  5. This website, our courses, services, and products contain material which is owned by or licensed to us. This material includes, but is not limited to, the design, layout, look, appearance and graphics. Reproduction is prohibited other than in accordance with the copyright notice, which forms part of these terms and conditions.
  6. All trademarks reproduced in this website, which are not the property of, or licensed to the operator, are acknowledged on the website.
  7. Unauthorised use of any of the ECS material may give rise to a claim for damages and/or be a criminal offence which will be handled in the Estonian court of law.
  8. From time to time, this website may also include links to other websites. These links are provided for your convenience to provide further information. They do not signify that we endorse the website(s). We have no responsibility for the content of the linked website(s).
  9. Your use of this website and any dispute arising out of such use of the website is subject to the laws of the Estonian Republic and the European Union
  10. You confirm and agree that it is your responsibility to maintain an accessible email address as a registered member, review ECS site and our Policy from time to time and to be aware of any modifications. A continuous use of the Site(s) and/or Service after such modifications will constitute your (a) affirmation of the modified policy; and (b) agreement to abide and by bound by the modified policy.

Why do we collect your information?

We collect, use and disclose information that helps us to: provide and administer the services that you request, as well as communicating with you about your use of our products and services; provide you the optimal experience with the Site(s) and the Service and to help us better understand what products and services you’re most interested in.

We also collect your personal information to communicate with you and to manage your User account if you have one. To do this, we collect information that helps us understand your needs and preferences.

We will only use or disclose your personal information for the purposes set out in this policy and as otherwise authorized or required by law.

What type of information do we collect and how is it used?

The contact info we have comes directly from you and may include the following:

  • A first and last name.
  • An e-mail address.
  • A telephone or cellphone number.
  • Information collected via “cookies.” See below concerning your use of our web site and online services.
  • A credit card info or PayPal email when you purchase one of our services (this data is stored on third-party payment systems and locked under the encryption)

We may obtain that info when you register a Member Area profile to obtain one of paid or free services, as well a when you download one of our free materials or contact us via a contact form. Furthermore, We may also gather information on others, via programs like “refer a friend” or affiliate partnership with partners.

We, also, may use your contact info to contact you regarding our new products and latest company news.

Payment Security:

When your credit or debit card account information is being transmitted to our Sites or through our Sites, it will be protected by cryptographic protocols. To be clear, Elite CurrenSea does not itself store your credit or debit card account information, and we do not have direct control over or responsibility for your credit or debit card account information.

We use third-party payment processors that are the controllers of your credit card information. Our contracts with third parties that receive your credit or debit card account information require them to keep it secure and confidential.

We use your information to:

  • Provide Customer Support
  • Internal Record Keeping
  • Tailoring personal offers via email or third party advertising services

How do we use your information:

We may disclose your personal information to other separate services within Elite CurrenSea or to third parties. This disclosure may be required for us to provide you access to our Services, to comply with our legal obligations, to enforce our Terms of Service, to facilitate our marketing and advertising activities, or to prevent, detect, mitigate, and investigate fraudulent or illegal activities related to our Services.

We attempt to minimize the amount of personal information we disclose to what is directly relevant and necessary to accomplish the specified purpose.

We do not sell, rent, or otherwise disclose your personal information to third parties for their marketing and advertising purposes without your consent.
In the event that Elite CurrenSea is acquired by or merged with a third party, we reserve the right, in any of these circumstances, to transfer or assign the information we have collected from you as part of such merger, acquisition, sale, or other change of control.

In the unlikely event of our bankruptcy, insolvency, reorganization, receivership, or assignment for the benefit of creditors, or the application of laws or equitable principles affecting creditors’ rights generally, we may not be able to control how your information is treated, transferred, or used.

Info that we collect automatically when you use our services

We collect information about your interaction with our Services and your communications with us. This is the information we receive from devices (including mobile devices) you use when you access our Services. This information could include, but not limited to, Device ID or unique identifier, device type, unique device token.

Computer and connection information such as statistics on your page views, traffic to and from the sites, referral URL, ad data, your IP address, your browsing history, and your web log information.

How we protect your data and information

We protect your personal data against unauthorised access, unlawful use, accidental loss, corruption or destruction.

We use technical measures such as encryption and password protection to protect your data and the systems they are held in. We also use operational measures to protect the data, for example by limiting the number of people who have access to the databases in which our booking information is held.

We keep these security measures under review and refer to industry security standards to keep up to date with current best practice.

We use secure server software (SSL) and firewalls to protect your information from unauthorized access, disclosure, alteration, or destruction. Furthermore, our employees and third party service providers have access to your non-public personal information only on a “need to know” basis. We follow industry standards to protect the personal information submitted to us, both during transmission and once we receive it. No method of transmission over the Internet, or method of electronic storage, is 100% secure. Therefore, while we use commercially acceptable means to protect your personal information, we cannot guarantee its absolute security.

Your Rights

You have the following rights concerning our processing of your personal data:

  • Right to access
  • Right to rectification what is that?
  • Right to erasure
  • Right to object (on grounds relating your particular situation) in case of processing of your personal data based on our legitimate interest (e.g. direct marketing)
  • Right to withdraw your consent at any time in case of any consent-based processing of your personal data without affecting the lawfulness of processing based on consent before your withdrawal;
  • Right to lodge a complaint with a supervisory authority.

To raise any objections or to exercise any of your rights, you can send an email to us at [email protected]

To exercise choices regarding cookies, you can modify your browser setting to decline cookies if you prefer. This may prevent you from taking full advantage of the website.

To stop receiving marketing emails from us, you can opt out of receiving marketing emails by clicking on the unsubscribe link which we include in all our marketing emails.

If you have created an online Profile with us and would like to update the information you have provided to us, you can access your account to view and make changes or corrections to your information. You may also contact us as detailed in the Contact Us section, below.

When you get in touch, we will come back to you as soon as possible and where possible within one month. If your request is more complicated, it may take a little longer to come back to you but we will come back to you within two months of your request. There is no charge for most requests, but if you ask us to provide a significant about of data for example we may ask you to pay a reasonable admin fee. We may also ask you to verify your identity before we provide any information to you.

Member Area

Users who register for our community website may receive news and administrative messages via email, Telegram (telegram.org) and other types of direct messages as part of this service. These correspondents are part of the community service and you may not be able to opt-out of receiving them.

“Cookies” and Log Data.

A “cookie” is a small data text-file that is placed onto the memory of your browser. We use cookies to personalize information provided to you directly and on the Site(s) and through the Service and to record your visits to the Site(s) and the Service. The cookies do not store any personally identifiable data about you.

Most browsers automatically accept cookies, but you can usually modify your browser setting to decline cookies. Additionally, we may collect demographic information along with data on how you interact with the Site(s) and the Service and our emails through other tracking devises such as google analytics, facebook, twitter. The demographic and email interaction data we collect is used in aggregate to allow us to determine what content and products are the most appealing to our visitors.

We use Google Analytics which is a web analyzing tool of Google Inc. for the purposes of the adequate design and continuous optimization of our website. Google Analytics works with cookies and creates pseudonymised usage profiles, which enable an analysis of your use of our website. Information stored in such cookies (such as browser type/version, operating system used, referrer URL, Hostname of the accessing computer, time of server request) are usually transmitted to and stored on Google’s servers.

If you have any questions or comments about this Privacy Policy or our use of your personally identifiable information, please contact our privacy officer at [email protected].

As we sell products it’s important for us to understand statistics about how many of the visitors to our site actually make a purchase and as such this is the kind of data that these cookies will track. This is important to you as it means that we can accurately make business predictions that allow us to monitor our advertising and product costs to ensure the best possible price.

The Google AdSense service we use to serve advertising uses a DoubleClick cookie to serve more relevant ads across the web and limit the number of times that a given ad is shown to you.

For more information on Google AdSense see the official Google AdSense privacy FAQ.

We use adverts to offset the costs of running this site and provide funding for further development. The behavioural advertising cookies used by this site are designed to ensure that we provide you with the most relevant adverts where possible by anonymously tracking your interests and presenting similar things that may be of interest.

In some cases we may provide you with custom content based on what you tell us about yourself either directly or indirectly by linking a social media account. These types of cookies simply allow us to provide you with content that we feel may be of interest to you.

We also use social media buttons and/or plugins on this site that allow you to connect with your social network in various ways. For these to work the following social media sites including; Facebook, Twitter, Instagram, YouTube, LinkedIn, Google+, will set cookies through our site which may be used to enhance your profile on their site or contribute to the data they hold for various purposes outlined in their respective privacy policies.

Links to this website

You may not create a link to any page of this website without our prior written consent. If you do create a link to a page of this website you do so at your own risk and the exclusions and limitations set out above will apply to your use of this website by linking to it.

Links from this website

We do not monitor or review the content of other party’s websites which are linked to from this website. Opinions expressed or material appearing on such websites are not necessarily shared or endorsed by us and should not be regarded as the publisher of such opinions or material. Please be aware that we are not responsible for the privacy practices, or content, of these sites.

We encourage our users to be aware when they leave our site & to read the privacy statements of these sites. You should evaluate the security and trustworthiness of any other site connected to this site or accessed through this site yourself, before disclosing any personal information to them. Elite CurrenSea will not accept any responsibility for any loss or damage in whatever manner, howsoever caused, resulting from your disclosure to third parties of personal information.

Refunds Policy: 

The refunds for subscription-based services are applicable, granted the request is made within 48 hours after the automatic payment related to the renewal is made.

Keep in mind, the refund policy is not applicable for the first time subscription payment.

To cancel one of our subscriptions, you should navigate to your member area or contact ECS one working day prior to the payment date.

In case of PayPal, you can also cancel the subscription by logging into PayPal and navigating to your subscription, see instructions.


I understand that Elite CurrenSea instruction will prepare me to actively trade securities and/or other financial instruments for my own account at an appropriate financial firm that utilizes the Electronic transmissions of securities and other financial instruments orders to execute trades for its customers. I understand that this course is not preparation to be a Licensed Broker in the financial industry and will not help me get a job.

Elite CurrenSea Training Program(s) should not be treated as a recommendation or a suggestion to buy or sell any security or the suitability of any investment strategy for students.

The purchase, sale, or advice regarding any security, other financial instrument or system can only be performed by a licensed Industry representative; such as, but not limited to a Broker/Dealer, Introducing Broker, FCM and and/or Registered Investment Advisor. Neither Elite CurrenSea nor its representatives are licensed to make such advisements.

All purchasers of the Elite CurrenSea products or services are encouraged to speak with a licensed representative of their choice regarding the relevancy of investing/trading or of any particular investment/trading strategy.  



We Help You Minimize Trading Risk

At ECS, we understand the risks involved in short term trading and emphasize risk management in our classes. For this, we teach Trade Management via our services.

Understanding Trading Risks

Electronic active trading (trading) may put your capital at risk, hence all trading decisions are made at your own risk. Furthermore, trading may also involve a high volume & frequency of trading activity. Each trade generates a commission and the total daily commission on such a high volume of trading can be considerable.

Trading accounts should be considered speculative in nature with the objective being to generate short-term profits. This activity may result in the loss of more than 100% of an investment, which is the sole responsibility of the client. Any trader should realise the operation of a margin account under various market conditions and review his or her investment objectives, financial resources, and risk tolerances to determine whether margin trading is appropriate for them. The increased leverage which margin provides may heighten risk substantially, including the risk of loss in excess of 100% of an investment.

Important Information about trading Foreign Exchange.

Trading foreign exchange is not for everyone. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk tolerance.

You should not invest money that you cannot afford to lose. Make sure to know of all the risks associated with Crypto & Forex trading, and in case of doubt,  seek advice from an independent financial advisor if you have any doubts.

Notification of Changes

Elite CurrenSea reserves the right to change these conditions from time to time as it sees fit and your continued use of the site will signify your acceptance of any adjustment to these terms. If there are any changes to our privacy policy, we will announce that these changes have been made on our home page and on other key pages on our site.

If there are any changes in how we use our site customers’ Personally Identifiable Information, notification by e-mail or postal mail will be made to those affected by this change. Any changes to our privacy policy will be posted on our web site 30 days prior to these changes taking place. You are therefore advised to re-read this statement on a regular basis.

Commercial/Institutional Use of Services

Below is the list of rules and clarifications applicable to the commercial use of Elite CurrenSea.

The use of services for managing other people accounts, as well as over €15,000 (or equivalent) in deposits, for a financial gain, is subject to an additional clearance and set of terms and conditions that include:

  • a 20% profit share from any such activity,
  • a prior clearance with ECS
  • full liability
  • a price increase in case of extra €15,000 in net deposits for private rental

To avoid an unwarranted signal copy abuse – no other EAs are allowed to be installed on the same account as Ultima EA.  A Violation of that will trigger the baning of the license and lifetime ban of the client.

Failure to disclose the commercial use of the software will lead to an immediate cancelation of the purchased service, no refund, as well as, in some cases, financial charges.