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ZENIT kapital o.c.p. a.s. united an exceptional team of professionals that share a common goal of bringing its clients the best possible tailored solutions in constantly evolving financial market landscape.

Risk Warning

Description of standard financial instruments and related risks.pdf

Disclaimer

This website can be accessed worldwide however the information on the website is related to Zenit Kapital o.c.p., a.s. All clients will directly engage with Zenit Kapital o.c.p., a.s. and all client agreements will be entered into Zenit Kapital o.c.p., a.s. and thus governed by Slovakia Law.

Any fact, assessment, analysis, forecasts, opinion and other information (collectively “Information”) released by:

  • Zenit Kapital o.c.p., a.s;
  • any owner of Zenit Kapital o.c.p., a.s.;
  • any director, officer, employee or representative here (collectively the Zenit Kapital o.c.p., a.s. ).

whether provided on the Zenit Kapital o.c.p., a.s. websites, on third party websites, in marketing materials, newsletters, in individual e-mails and letters, in lectures, individual conversations or in any other form of written or verbal communication (collectively “Publications”) are provided for informational and/or marketing purposes only and are not legally binding.

Unless specifically stated, no Publication of the Zenit Kapital o.c.p., a.s. should be construed as an offer (or solicitation of an offer) to:

  • buy or sell any currency, product or financial instrument;
  • make any investment;
  • participate in any particular trading strategy;

(collectively “Offers”).

Notwithstanding anything to the contrary (not even if specifically stated), no Publication of the Zenit Kapital o.c.p., a.s. should be construed as an Offer in any jurisdiction in which such Offer would be illegal. Any such perceived Offer will not be honoured by the Zenit Kapital o.c.p., a.s.

No Representation, No Warranty

The Zenit Kapital o.c.p., a.s. uses reasonable efforts to obtain information from reliable sources, but all Publications are provided on an "as is" basis without representation or warranty of any kind (neither express nor implied) and the Zenit Kapital o.c.p., a.s. disclaims liability for any Publication not being complete, accurate, suitable and relevant for the recipient. Specifically, the Zenit Kapital o.c.p., a.s. disclaims liability towards any subscriber, client, partner, supplier, counterparty and other recipients for:

  • the accuracy of any market quotations,
  • any delay, inaccuracy, error, interruption or omission in providing market quotations,
  • and any discontinuance of market quotations.

The Publications of the Zenit Kapital o.c.p., a.s. are not updated after their release and may due to changing circumstances become inaccurate and possibly misleading after a period of time which may vary from seconds and minutes to days, weeks and months depending on the Information. The Zenit Kapital o.c.p., a.s. gives no guarantee against, and assumes no liability towards any recipient for, a Publication being outdated.

If a Publication becomes outdated the Zenit Kapital o.c.p., a.s. shall be under no obligation to;

  • update the Publication,
  • inform the recipients of a Publication, or
  • perform any other action.

Any Publication may be personal to the author and may not reflect the opinion of the Zenit Kapital o.c.p., a.s.. The Zenit Kapital o.c.p., a.s. reserves the right at its sole discretion to withdraw or amend any Publication or Information provided at any time without notice (prior or subsequent).

No recommendations

The Zenit Kapital o.c.p., a.s. does not in any of its Publications take into account any particular recipient’s investment objectives, special investment goals, financial situation, and specific needs and demands. Therefore, all Publications of the Zenit Kapital o.c.p., a.s. are, unless otherwise specifically stated, intended for informational and/or marketing purposes only and should not be construed as:

  • business, financial, investment, hedging, legal, regulatory, tax or accounting advice,
  • a recommendation or trading idea, or
  • any other type of encouragement to act, invest or divest in a particular manner

(collectively “Recommendations”).

The Zenit Kapital o.c.p., a.s. shall not be responsible for any loss arising from any investment based on a perceived Recommendation.

Notwithstanding anything to the contrary (not even if specifically stated), no Publication (including possible Recommendations) shall be construed as a representation or warranty (neither express nor implied) that the recipient will profit from trading in accordance with a trading strategy set forth in a Publication or that the recipient will not sustain losses from trading in accordance with a trading strategy set forth in a Publication.

Risk Warning

Trading in the products and services of the Zenit Kapital o.c.p., a.s. may, even if made in accordance with a Recommendation, result in losses as well as profits. In particular trading in leveraged products, such as but not limited to, foreign exchange, derivatives and commodities can be very speculative and losses and profits may fluctuate both violently and rapidly.

Speculative trading is not suitable for all investors

Any mentioning, if any, in a Publication of the risks pertaining to a particular product or service may not and should neither be construed as a comprehensive disclosure nor full description of all risks pertaining to such product or service and the Zenit Kapital o.c.p., a.s. strongly encourages any recipient considering trading in its products and services to employ and continuously consult suitable financial advisors prior to the conclusion of any investment or transaction.

Local regulatory restrictions

The Zenit Kapital o.c.p., a.s. Publications may be accessed worldwide. The Information provided in such Publications is however only intended for use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations. None of the products and services referred to in the Publications of the Zenit Kapital o.c.p., a.s. are available to recipients residing in countries where the provision of such products and services would constitute a violation of mandatory applicable legislation or regulations.

It is the sole responsibility of any recipient employing or requesting a product or service of the Zenit Kapital o.c.p., a.s. to comply with all applicable legislation or regulation.

Use of the website

Any use of the Zenit Kapital o.c.p., a.s. websites is subject to Zenit Kapital o.c.p., a.s. “Terms of Use”, as amended from time to time, available here, and the “Copyright” provisions, as amended from time to time, available here, both of which shall be construed as constituting an integrated part of this disclaimer.

The Zenit Kapital o.c.p., a.s. shall not be liable for any damage or injury arising out of any person’s or entity’s access to, or inability to access, any website of the Zenit Kapital o.c.p., a.s. This limitation includes, but is not limited to, any damage to computer equipment and computer systems caused by virus, malware and any other harmful computer coding.

Consulting a website of the Zenit Kapital o.c.p., a.s. does not constitute a customer relationship and the Zenit Kapital o.c.p., a.s. shall not have any duty or incur any liability or responsibility towards any person or entity as a result of such person or entity consulting a website of the Zenit Kapital o.c.p., a.s.

Any market data provided for Clients may only be used for your own internal business purposes and only in connection with this specific service. Distribution of any market data to anyone else is prohibited.

Translation discrepancies

The Zenit Kapital o.c.p., a.s. offers its Publications in Slovak and English languages for the recipient’s comfort of use. In case of discrepancy between the original Slovak text and any translation, the original Slovak text shall prevail.

All recipients are advised to carefully examine the original Slovak text before acting upon a translation thereof. Any user who does not fully understand the original Slovak text is strongly encouraged to contact the Zenit Kapital o.c.p., a.s. by e-mail at info@zenitkapital.sk or by telephone at +421 220 620 132.

The Zenit Kapital o.c.p., a.s. shall not be bound by, or liable to any recipient for, an incomplete or inaccurate translation of an original Slovak text to another language.

Client relationship

When applying for an account with any entity within the Zenit Kapital o.c.p., a.s., each applicant will be subject to the relevant set of business terms. All applicants and clients are deemed to have read and understood the business terms and related policies applicable to them and their relationship with the relevant entity of the Zenit Kapital o.c.p., a.s..

Consulting a website or receiving a Publication of the Zenit Kapital o.c.p., a.s. does not constitute a customer relationship and the Zenit Kapital o.c.p., a.s. shall not have any duty or incur any liability or responsibility towards any person or entity as a result thereof.

Third party services

Persons or entities not belonging to the Zenit Kapital o.c.p., a.s. may advertise on the Zenit Kapital o.c.p., a.s. websites, through links, banners or otherwise. The Zenit Kapital o.c.p., a.s. shall not be held responsible or liable for the offerings, information or acts of any such third party. If a user of the Zenit Kapital o.c.p., a.s. websites decides to act upon any such advertising, such user does so entirely at its own risk.

Limitation of Liability

If the Zenit Kapital o.c.p., a.s. at any time and for any reason, should become liable for the loss of any person and/or entity, including without limitation, if any provision of this disclaimer is, or at any time becomes to any extent or in any circumstances invalid, illegal or unenforceable for any reason, the liability of the Zenit Kapital o.c.p., a.s. shall be limited to such person’s and/or entity’s duly documented direct loss, which for the avoidance of doubt, and without limitation, shall not include damages for any incidental and consequential losses, damages for lost opportunity, damages for lost profit, statutory damages, nominal damages, punitive damages, restitutionary or disgorgement damages, damages for costs, including legal costs, and damages for any other indirect loss.

Conflict of interest

In order to prevent conflicts of interest, the Zenit Kapital o.c.p., a.s. has established appropriate business procedures, including procedures applicable to research and analysis to ensure objective research reports. The Zenit Kapital o.c.p., a.s. is research reports are never disclosed to nor discussed with any of the subject of the analysis, e.g. issuers of securities or others.

The Zenit Kapital o.c.p., a.s. may hold, take, transfer or alienate positions in securities, foreign exchange or other financial instruments covered by a research reports.

The Zenit Kapital o.c.p., a.s. does not engage in corporate finance activities. Accordingly, none of the Zenit Kapital o.c.p., a.s. is directors, officers, employees or representatives, namely people in charge of analysis reports, receives remuneration in connection with the release of any analysis.

The Company has adopted effective arrangements in order to avoid a conflict of interest between the Company and the Client or between the Clients reciprocally. As the Company does not trade on its own account, the occurance of a conflict of interest by performing transactions on Clients' accounts and on Company's account is excluded. Arrangements against the occurance of a conflict of interest including restrictions and control personal transactions of relevant persons of a broker, separation of powers of emloyees of the Company performing transactions and their settlement, arrangements for encompassment of conflict of interest in case of its occurence, obligation to notice the Client the character and source of a conflict of interest before providing investment service or execution of service and to ensure equal and fair treatment with all the Clients. The Company can provide detail information on arrangements to avoid a conflict of interest to the Client on his/ist request.

Privacy and Use of Personal Data

When signing up for a live account in Zenit Kapital o.c.p., a.s., this entity will, for administrative, commercial and/or legal purposes, require and store information about the user, including, but not limited to, name and address. Users’ e-mail addresses will not be passed on to third parties, but may be used of the Zenit Kapital o.c.p., a.s. for the promotion of its products and services.

The Zenit Kapital o.c.p., a.s. is obliged by law to treat personal data as confidential and may not pass on or use any personal data without valid legal grounds.

All personal data benefits from this full protection and will only be disclosed to third parties such as administrative or judicial authorities if the Zenit Kapital o.c.p., a.s. is compelled to do so pursuant to the applicable law, or if the registered has given its written consent to such disclosure. The registered may revoke such consent or modify its extent at any time.

Without prejudice to the above, the Zenit Kapital o.c.p., a.s. can disclose the following information:

  • General customer data, such as name, address and personal registration number, to companies carrying out administrative tasks for the Zenit Kapital o.c.p., a.s.
  • General customer data about corporate customers to financial institutions subject to professional secrecy, for the purpose of marketing and advisory services.

In accordance with the provisions of the Slovakia Act on Processing of Personal Data, any Zenit Kapital o.c.p., a.s. customer has a right to be informed about the data that the Zenit Kapital o.c.p., a.s. holds about him/her/it. The Zenit Kapital o.c.p., a.s. may charge a fee for providing such information in writing to the registered, according to rates fixed by the Slovakia Ministry of Justice.

If the data held about a registered of the Zenit Kapital o.c.p., a.s. proves inaccurate or outdated, the Zenit Kapital o.c.p., a.s. will correct the registered data immediately upon the request of the registered. The registered may also choose to modify its data on its own initiative by contacting the Zenit Kapital o.c.p., a.s. directly. Questions and concerns can be directed to the Zenit Kapital o.c.p., a.s. by visiting our contact us page or email: info@zenitkapital.sk, phone:+421 220 620 132.

Supervision

The Zenit Kapital o.c.p., a.s. is under the supervision of the Národná banka Slovenska (NBS) as the central bank of the Slovak Republic and General rules of procedure for supervision of the financial market are laid down in the Financial Market Supervision Act.

Disputes

This disclaimer and any dispute arising from or in relation thereto, including disputes regarding its legality, validity, binding effect (including adoption) and enforceability, shall be settled by the district court of Bratislava 1, Slovakia in accordance with and subject exclusively to the laws of Slovakia. However, the Zenit Kapital o.c.p., a.s. reserves the right to start legal proceedings wherever it deems fit, namely, but not exclusively, in places where the defendant possesses assets.

Forward-Looking Statements

Where there are statements contained in this website which are not historical facts, such statements could be data obtained as a result of simulated past performance or future performance based on current expectations, estimates, projections, opinions and beliefs of members of the Zenit Kapital o.c.p., a.s.. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this website may contain 'forward-looking statements'. Actual events or results or actual performance may differ materially from those reflected or contemplated in such forward-looking statements. None of any opinions that may be inferred from the contents of this website is intended to be relied upon as advice or recommendation of any action. They are intended merely as articulations of personal musings and speculations factually.

This material is confidential and should not be copied, distributed, published or reproduced in whole or in part or disclosed by recipients to any other person.

Terms of Use

These Terms of Use (the "Agreement") are applicable to the: (i)web pages, (ii) services, (iii) content, (iv) databases and (v) information (collectively referred to as the "Services") together with the agreements by Zenit Kapital o.c.p., a.s. to which you may have access by using Zenit Kapital o.c.p., a.s. website or, upon request, in hard copy. The content and information included in these Services are provided by Zenit Kapital o.c.p., a.s. and its third party suppliers (collectively, the "Information Providers"). These Services are made available by Zenit Kapital o.c.p., a.s. subject to the terms and conditions stated below.

Agreement

By using the Services, you are confirming your consent to be bound by the terms of this Agreement. If you do not agree, Zenit Kapital o.c.p., a.s. is not willing to provide you with access to the Services and you should immediately discontinue your use of the Services. You agree that Zenit Kapital o.c.p., a.s. may modify this Agreement at any time in its sole discretion and without prior notice to you. Such changes will be posted online and will be effective upon posting. You should review this Agreement periodically to ensure familiarity with its then-current terms and conditions. Your continued use of the Services shall constitute your acceptance of this Agreement and your continued use of the Services following any modification of this Agreement shall constitute your acceptance to the Agreement, as amended. If you do not agree to the changes, you must notify Zenit Kapital o.c.p., a.s. in writing or by telephone of your refusal and discontinue your use of the Services.

Use of the Services

These Services are intended for your personal, non-commercial use.

By using the above-mentioned Services to provided by Zenit Kapital o.c.p., a.s., you acknowledge and agree that:

  • It is prohibited to use, store, reproduce, display, modify, sell, publish, transmit and distribute, or commercially exploit the Services without prior written permission of Zenit Kapital o.c.p., a.s. and/or any third-party Information Provider(s);
  • Zenit Kapital o.c.p., a.s. and/or any third-party Information Provider(s) reserve all rights to proprietary information (including, but not limited to, all intellectual property rights such as; patents, trade marks, service marks, copyrights, database rights, topography rights, industrial design, know-how, trade secrets, trade names, logos, designs, symbols, emblems, insignia, slogans, drawings, plans and other identifying materials, in all forms whether or not registered or capable of registration and any other rights relating to intellectual property in accordance with the applicable laws,) subsisting in or relating to the Services.
  • You shall not use the Information for any unlawful or unauthorized purpose.
  • The use and interpretation of the Services requires skill and judgement, and you shall at all time exercise your own judgement in the use of the Services.
  • The Services (including: Asset Management, advisory, market analysis and research) have been prepared for informational purposes only without regard to any particular user's investment objectives, financial situation, or means, and Zenit Kapital o.c.p., a.s. is not soliciting any action based upon it. This material is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any particular trading strategy in any jurisdiction in which such an offer or solicitation, or trading strategy would be illegal. Certain transactions, including those involving complex financial instruments, give rise to substantial risk and are not suitable for all investors.
  • The fact that Zenit Kapital o.c.p., a.s. has made the Services (including: Asset Management, advisory, market analysis and research) available to you constitutes neither a recommendation to enter into a particular transaction nor a representation that any product described on the website is suitable or appropriate for you. Many of the products described in the Services involve significant risks, and you should not enter into any transactions unless you have fully understood all such risks and have independently determined that such transactions are appropriate for you. Any discussion of the risks contained herein with respect to any product should not be considered to be a comprehensive disclosure of all risks or a complete discussion of the risks which are mentioned. You should not construe any of the material contained herein as business, financial, investment, hedging, trading, legal, regulatory, tax, or accounting advice.

Termination

Zenit Kapital o.c.p., a.s. may exercise full discretion in modifying or discontinuing any part or whole of the Services specified under points (i) to (v) subject to this Agreement at any time without cause or prior notice.

Disclaimer of Warranties

Zenit Kapital o.c.p., a.s. and the Information Provider(s) expressly disclaim all warranties of any kind, express or implied, including without limitation any warranty of merchantability, fitness for a particular purpose or non-infringement.

Although the Services provided have been obtained from sources deemed to be reliable, the Services are provided “AS-IS”, and Zenit Kapital o.c.p., a.s. and/or any third-party Information Provider(s) provide the Services without responsibility for accuracy and correctness. By using the Services you agree that errors and/or omissions contained in such information shall not be made the basis for any claim, demand or cause of action against Zenit Kapital o.c.p., a.s. or any Information Provider(s).

Miscellaneous

By agreeing to the Terms of Use of the Services and the software you acknowledge and agree that Zenit Kapital o.c.p., a.s., in the interest of security, reserves the right to record all telephone conversations, internet conversations including chat, and any meetings between you and Zenit Kapital o.c.p., a.s.

You furthermore agree that Zenit Kapital o.c.p., a.s. reserves the right to monitor your use of the Services on the website and that the resultant information may be used by Zenit Kapital o.c.p., a.s. for its internal business purposes.

Any claims arising from this Agreement will be governed by and construed in accordance with the laws of Slovakia and shall be subject to the exclusive jurisdiction of the Slovakian Courts.

Request & Complaints

All trading carries risk. Products traded on margin carry a high risk of rapid loss and losses can exceed deposits on some products. Ensure you understand the risks.

  • a.) Any query should be raised with your normal contact. We will endeavour to resolve your issue in this way to the best of our abilities.
  • b.) If after raising the matter you feel your query has not been resolved to a satisfactory level, you should direct it as a complaint to the staznosti@zenitkapital.sk or per post on address:

    Zenit Kapital o.c.p., a.s.
    Panenska 5, 811 03 Bratislava
    Slovenska Republika
    Phone:+421 2 206 201 32

  • c.) Please clearly detail all the relevant information and provide any supporting evidence that you think may assist us in resolving the complaint promptly.
  • d.) We will send a prompt written acknowledgement that your complaint has been received. We will undertake an impartial review and investigation of your complaint. 
  • e.) If we are unable to resolve your complaint promptly, we will send a written final response to you within 30 days of the receipt of your complaint.