BBX Terms of Service

Last Updated: November 6, 2026

Please read these Terms of Service carefully. By using the BBX website, applications or related services, you agree to be bound by these Terms and the applicable product rules. Availability, trading mechanisms and user rights may differ among products. Use each service only after understanding its rules and risks.

1. Definitions, Scope and Service Providers

1.1 BBX ("BBX," "we," "us" or "our") owns and maintains the BBX.com website and related applications (collectively, the "Site").

These Terms of Service (the "Terms") govern your access to and use of the Site and related services.

The Site's operations and platform services are provided by the BBX platform operator. The platform operator is responsible for the services it provides, in accordance with these Terms and applicable law.

BBX offers products and services including real stocks, tokenized assets and perpetual contracts. Different products may involve third-party providers in order execution, clearing, settlement and asset custody. Such providers are responsible for their respective services in accordance with applicable law and relevant agreements.

The specific service arrangements, users' rights and obligations, and allocation of responsibilities are governed by these Terms, applicable product rules, account agreements and relevant laws.

1.2 BBX provides access to trading, accounts and related technical services across multiple asset classes. These Terms principally cover: (a) trading real U.S. and Hong Kong stocks through BBX Stock Account; (b) BBX DEX spot trading, including crypto assets and tokenized stocks; and (c) BBX DEX perpetual contracts. These products differ in asset nature, accounts, execution, funds handling, risks and applicable laws. Any "non-custodial," "onchain settlement" or "securities holding" arrangement for one product must not be generalized to all BBX products.

1.3 To the extent permitted by law, the relevant product's trading interface, fee schedule, market rules and valid account agreements separately provided to users apply to product-specific matters. If these conflict with these Terms, their priority shall be determined in light of the nature of the documents and any mandatory applicable law. These Terms do not exclude rights or obligations that cannot legally be excluded.

1.4 Personal information is collected, used and processed under the applicable BBX Privacy Policy and relevant law.

2. Eligibility, Geographic Restrictions and Sanctions

2.1 You must have reached the legal age of majority in your jurisdiction, have capacity to enter into a binding contract, provide truthful, accurate and necessary information, and ensure that your use of the relevant services does not violate applicable laws, regulations or obligations to third parties.

2.2 BBX does not provide relevant services to persons or entities where prohibited by applicable law. Under the platform's current geographic eligibility policy, services are not offered to U.S. citizens, U.S. permanent residents, persons located in the United States, or U.S. entities covered by that policy; the criteria may differ by product, account and applicable regulation. BBX also does not provide relevant services to persons or entities on applicable sanctions lists or to persons or entities to whom the provision of services is prohibited by applicable comprehensive sanctions.

2.3 Product-specific restriction: Real stock trading through BBX Stock Account is currently unavailable to residents of Russia. This restriction applies only to BBX Stock Account. Whether a Russian user may access a particular DEX product must be assessed separately under its rules, applicable sanctions and local law; this clause does not itself authorize such access. BBX may restrict access for other users or markets based on applicable laws, partner policies and risk controls.

2.4 You must not use VPNs, proxies, false identity information, borrowed accounts or other means to evade eligibility, sanctions or geographic restrictions. BBX may conduct reasonable location checks, wallet screening, transaction monitoring and other compliance measures, but does not warrant that these controls will detect every violation.

2.5 BBX may lawfully refuse registration, restrict trading, or suspend or terminate services for ineligible users or users breaching restrictions, and may handle open orders and funds under applicable laws, product rules and required compliance procedures. A suspension or termination does not automatically forfeit assets or rights to which a user is legally entitled.

3. Product Services and Business Structure

3.1 BBX Stock Account — Real Stocks

BBX Stock Account provides eligible users with access to trading real U.S. and Hong Kong stocks. U.S. stock orders are executed by FINRA-member partner broker-dealers, with clearing and custody provided by partner clearing institutions. Hong Kong stock transactions are executed through partner securities firms licensed by Hong Kong's Securities and Futures Commission (SFC).

Users' securities positions are recorded through partner securities institutions' account systems. Related rights and service arrangements are governed by applicable account agreements and market rules.

This product concerns real securities interests held through securities account infrastructure, distinct from onchain stock tokens and stock-referenced perpetual contract positions. Dividends, stock splits, consolidations, rights issues, voting and other corporate actions are handled under the terms of the particular securities and holding arrangements, partner rules and market regulations.

3.2 BBX DEX Spot — Crypto Assets and Tokenized Stocks

BBX DEX spot services allow eligible users to trade supported onchain assets, including crypto assets and tokenized stocks. Such trades are executed under the relevant market mechanisms and agreements, potentially involving blockchain networks, smart contracts, order books and third-party infrastructure.

Tokenized stocks are onchain-issued or transferable tokenized assets, not the same as real securities held through BBX Stock Account. Their underlying-asset representation, issuance and redemption arrangements, exercisable rights and treatment of corporate actions are subject to relevant token issuance documents and product rules. Holding a token must not be taken as conferring direct shareholder status, voting rights or other securities rights in the underlying issuer as a matter of course.

3.3 BBX DEX Perpetual Contracts

BBX DEX perpetuals are derivatives referencing specified asset prices or indices, including equities, ETFs, indices, commodities and crypto assets. Users trade derivative positions rather than directly purchasing or holding the referenced assets. Stablecoins may be used as margin and for profit-and-loss settlement.

Margin, available leverage, mark price, funding rates, liquidation and other parameters differ by market and contract, and are subject to the live trading interface and applicable rules. Selected stock-related perpetual contracts may support up to 100x leverage; this does not mean every contract has this limit or guarantee that any user can always use that leverage.

3.4 Other Services

Prediction markets, Pilot Trading, grid strategies and future features, where offered, are subject to their specific rules and applicable risk disclosures. If any such service involves substantially different legal relationships or risks, BBX should provide appropriate product-specific terms or disclosures before it becomes available. These Terms do not automatically entitle users to access every feature.

4. Accounts, Funds and Assets

4.1 You must safeguard account credentials, devices and wallet keys, keep your contact information current, and notify BBX of suspected unauthorized access. You must not sell, transfer, rent or lend an account, or use another person's account without authorization.

4.2 BBX may support deposits and conversion of stablecoins, including USDT and USDC, depending on the product. Funding with stablecoins does not mean real securities are settled in stablecoins on a securities exchange. When funds enter the securities trading process through BBX Stock Account, transfers between accounts, conversion into settlement currencies, partner processing and fees may apply.

4.3 Asset holding and funds arrangements vary by product. Real securities positions are recorded through partner securities account and custody arrangements; DEX asset control and settlement depend on the particular network, wallet, protocol and product mechanism. No single custody model should be assumed to apply across BBX unless specifically disclosed for a product.

4.4 Deposits, withdrawals, onchain transfers and cross-chain operations may be affected by network congestion, confirmation requirements, limits, risk controls, trading rules and third-party processing times. Selecting an incorrect network, address or asset type may cause permanent loss. BBX may impose reasonable lawful restrictions in response to abnormal transactions, sanctions risks, fraud or technical incidents.

5. Execution, Market Rules and Fees

5.1 Order submission does not guarantee execution. An order may be delayed, partially filled, rejected or cancelled due to price, liquidity, market hours, exchange or partner rules, technical failures or risk controls. Executions and settlement records are governed by the applicable market and service rules.

5.2 U.S. securities trades generally follow applicable T+1 standard settlement arrangements, while Hong Kong securities trades generally follow applicable T+2 settlement arrangements. Trading hours, holidays, temporary halts, corporate actions and exceptional market rules may affect execution and settlement. The applicable rules in force at the time govern.

5.3 Real stock trading may incur brokerage fees, exchange or regulatory fees, Hong Kong stamp duty, trading levies, settlement fees, and stablecoin/fiat conversion costs. Current charges are governed by the officially published fee schedule and trade confirmation screens. BBX may update fees and provide required notice in accordance with applicable requirements. DEX products may involve trading fees, network fees, funding payments or other costs.

5.4 Market quotes, indices and reference data may come from third parties and may be delayed, inaccurate or unavailable. You should check the asset type, trading pair, fees, leverage and other key parameters before placing an order.

6. Summary of Product-Specific Risks

6.1 Real stock trading risks: Stock prices may change substantially and investments may lose value. Market closures, trading halts, illiquidity, delayed execution, settlement and custody processes, corporate actions, regulatory changes and the prices or processing times of stablecoin conversions can affect transactions and access to funds.

6.2 DEX spot and tokenized stock risks: Crypto assets and onchain tokens can be highly volatile. Insufficient liquidity, network congestion, smart contract vulnerabilities, pricing-source errors, irreversible transactions, and changes to issuance or redemption mechanisms can cause losses. Tokenized stocks can differ materially from real stocks in holding rights, issuance and redemption, market hours, corporate actions and legal protections.

6.3 Perpetual contract risks: Leverage magnifies gains and losses. Insufficient margin may trigger liquidation without advance notice. Funding payments, slippage, pricing errors, market gaps, illiquidity and technical events can result in loss of all or most margin and, in extreme cases, additional obligations under applicable rules.

6.4 Reference to risk disclosure: This summary addresses principal risks only and is not exhaustive. For more detailed risks of the various products, please refer to the BBX Risk Disclosure Statement published on the BBX website.

7. User Conduct and Information

7.1 You must not use the services for fraud, money laundering, sanctions evasion, market manipulation, unauthorized access, malicious software distribution, unauthorized large-scale data scraping or other illegal conduct, or compromise the security of the platform or other users.

7.2 Unless expressly agreed otherwise in writing, general website articles, quotations, research and other information are not personalized investment, legal, tax or other professional advice. You must independently assess your risk tolerance and legal obligations.

7.3 Third-party websites, protocols, data feeds, wallets and financial institutions may impose their own terms. The extent of BBX's responsibility for third-party conduct beyond its reasonable control is determined by applicable law and the specific service arrangements.

8. Intellectual Property and Licenses

8.1 BBX and the relevant rights holders retain intellectual property rights in the Site, software, trademarks, content, interfaces and technical materials. Unless expressly authorized, you have only the limited, non-exclusive, non-transferable license necessary to lawfully use the services.

8.2 You must not copy, distribute, modify, reverse engineer or commercially exploit protected materials without authorization, except where expressly permitted by applicable law.

9. Service Availability, Allocation of Risk and Limitation of Liability

9.1 BBX will take reasonable measures to maintain service operation and security but does not guarantee uninterrupted availability, complete accuracy of all data or execution of every trade as expected. Technical failures, network incidents, third-party outages and regulatory requirements may affect use.

9.2 To the maximum extent permitted by applicable law, BBX is not responsible for indirect or consequential losses beyond its reasonable control for which it is not legally liable. These Terms do not exclude or limit liability for fraud, wilful misconduct, gross negligence or any other matter for which liability cannot legally be excluded, nor do they diminish mandatory rights under securities laws, consumer protection laws or applicable account agreements.

9.3 Responsibilities of BBX, brokers, clearing and custody institutions and other parties shall be determined separately according to the services each actually provides, applicable law and valid agreements. These Terms neither automatically transfer all partner obligations to BBX nor release BBX from liability arising from its own conduct under applicable law.

9.4 Where unlawful use, breach of these Terms or infringement of third-party rights causes actual loss to BBX, users shall be responsible to the extent permitted by law. Any compensation must have a legally sufficient causal connection to the breach or unlawful act and the loss.

10. Suspension, Termination and Changes

10.1 BBX may lawfully restrict, suspend or terminate some or all services for reasonable grounds including security, compliance, sanctions, fraud prevention, user breach, market disruption or termination of third-party services, and provide notice where appropriate and legally permitted.

10.2 After termination of an account or product, asset handling, open orders, position closing, withdrawal of available balances and necessary record retention are governed by applicable law, partner requirements and product rules. Assets lawfully required to be frozen or retained will be handled through lawful procedures.

10.3 BBX may update product functions, rules and these Terms. Material changes affecting users' rights and obligations will be communicated reasonably and will take effect as required by applicable law. BBX shall not rely solely on a "continued use constitutes consent" statement to avoid any legally required express consent.

11. Third-Party Services and Regulatory Cooperation

11.1 Services may rely on third-party brokerage, clearing, custody, payment, networking, wallet, market-data and technical infrastructure. Such services are governed by their respective agreements, market rules and laws.

11.2 BBX may cooperate with regulatory, judicial and law enforcement investigations, information requests and compliance measures as required or lawfully permitted, and will process personal data in accordance with the privacy policy and applicable law.

12. Governing Law, Disputes and Miscellaneous

12.1 Disputes arising from these Terms or services are subject to the governing law and dispute resolution mechanisms determined by the actual service provider, applicable mandatory regulation, valid account agreements and dispute provisions lawfully disclosed to users. Mandatory rules applicable to U.S. or Hong Kong securities transactions are not excluded by these Terms.

12.2 If any provision is held invalid or unenforceable, the remaining provisions remain effective; the invalid portion shall be interpreted, to the extent permitted by law, in a way closest to its original lawful purpose.

12.3 BBX may send notices using valid contact details supplied by users or through platform announcements, except where a particular method is legally required.

12.4 If these Terms are translated, BBX will specify the prevailing language version and how textual conflicts are handled upon official publication. A user's failure to read another applicable product agreement does not excuse legally binding obligations; nor may BBX thereby deprive users of their legal rights.