Terms of Use

DriveWealth, LLC (“DriveWealth”, the “Company” or “we”), a New Jersey Limited Liability Company, owns and operates the DriveWealth web site, the DriveWealth investing applications, partners.drivewealth.com, and other properties (each hereinafter referred to as a “DriveWealth Property” and collectively as “DriveWealth Properties”). By visiting and using a DriveWealth Property, you agree to these Terms of Use (“Terms”) and to the terms and conditions included in DriveWealth’s Privacy Policy (the “Privacy Policy”) at Privacy Policy. The visitors to the DriveWealth Properties are referred to herein as “you” or “visitor(s)”.

DriveWealth reserves the right to revise the Terms at any time as the Company deems appropriate. By continuing to use a DriveWealth Property after revisions to the Terms are completed, you agree to be bound by the new version of the Terms.

Fees
There are no minimum initial deposit required to open a live investing account with DriveWealth, or required ongoing minimum account balance. For transactions of full shares of securities conducted on the DriveWealth app and Atlas platform, the following power charge, excluding any ed provided by a DriveWealth partner, is available to DriveWealth's customer base:

  • DriveWealth Classic: ($ 2.99) per transaction traded subject to a minimum of two dollars and ninety-nine cents ($ 2.99) per transaction. For transactions of fractional shares of Securities, which is a transaction of less than one 1) share of a Security, conducted on the DriveWealth app, the following power charge, excluding any ed provided by a DriveWealth partner, is available to DriveWealth's customer base: minimum commission charge of ninety-nine ($ 0.99) per fractional share traded. Also provided subscription based pricing for customers that are resident in select countries for transactions of full share of Securities and fractional shares of Securities on the DriveWealth app.
  • DriveWealth Unlimited: (US $ 0.01) per share traded (as examples, for a Transaction of 0.90 shares, the per subscription traded charge is one cent (US $ 0.01) per month (US $ 14.99) per month plus one cent (US $ 0.01), and for the quarterly subscription charge is fourteen dollars and ninety-nine cents (US $ 14.99) per month plus one cent (US $ 0.01) Per monthly traded. The monthly and quarterly subscription charges may be greater or less depending on additional facilities offered by a DriveWealth partners as part of the subscription model offering, or based on any facilities provided by a DriveWealth partner as part of the subscription model offering.
    There are no monthly free fees for any of the investing platforms. For non-resident aliens, there is a one-time verification fee of five dollars ($ 5.00) (see Form W-8BEN pass-through processing cost). View a full list Of our fees at http://help.drivewealth.com/customer/en/portal/articles/1928079-drivewealth-fee-schedule

Availability of DriveWealth Platforms
DriveWealth does not guarantee that availability to the DriveWealth Properties, and that use of the DriveWealth Properties and related services and features (“Related Services”), will be uninterrupted or free from errors. The Company is not liable for the unavailability of the DriveWealth Properties and Related Services. The DriveWealth Properties and Related Services may be revised at any time, without advance notice by DriveWealth, to meet the needs of the Company and visitors. DriveWealth may also, in its sole discretion and without notice, for a period of time or permanently, remove any and all of the DriveWealth Properties, or portions thereof, from availability. DriveWealth assumes no responsibility for a visitor’s inability to access any of the DriveWealth Properties and Related Services due to any cause.

License to Use Content
DriveWealth grants you a limited personal use license to access, display, download, format and print portions of content on the DriveWealth Properties and Related Services solely for your own personal, non-commercial use. Content on the DriveWealth Properties and Related Services must not be modified and all proprietary notices kept intact. You may not reproduce, publish, sell, rent, distribute the content, or create a derivative work of the content.

Third Party Content
Any information or content made available on the DriveWealth Properties and Related Services by third parties (“Third Party Content Providers”) is solely the content of such third parties (“Third Party Content”). DriveWealth makes no warranties and expressly disclaims all other warranties regarding the correctness, quality, accuracy, completeness, reliability or usefulness of such Third Party Content, or the results that may be obtained from the use of the Third Party Content. Visitors are responsible to evaluate Third Party Content, and the Company shall not be liable for any damage or loss caused by Visitors’ reliance on or other use of Third Party Content.

Third Party Service Providers
Any services made available on the DriveWealth Properties and Related Services by third parties (“Third Party Service Providers”) is solely the services of such third parties (“Third Party Services”). DriveWealth makes no warranties and expressly disclaims all other warranties regarding the correctness, quality, accuracy, completeness, reliability or usefulness of such Third Party Services, or the results that may be obtained from the use of the Third Party Services. Visitors are responsible to evaluate Third Party Services, the Company shall not be liable for any damage or loss caused by Visitors’ reliance on or other use of Third Party Services. By agreeing to these Terms of Use, you agree to the Terms of Use (also referred to as “Terms of Service”) of the following Third Party Service Providers, which are incorporated herein by reference:

  • Plaid (a banking software provider) Terms of Service found at https://plaid.com/legal/

Access to DriveWealth Account Through Third Party Technology

You may be using technology provided by third parties (“Third Party Technology Providers”) to access your DriveWealth account(s). Such technology (“Third Party Technology”) is solely the technology of that Third Party Technology Provider.  DriveWealth makes no warranties and expressly disclaims all other warranties regarding the correctness, quality, accuracy, completeness, reliability or usefulness of such Third Party Technology, or the results that may be obtained from the use of the Third Party Technology. Visitors are responsible to evaluate Third Party Technology, the Company shall not be liable for any damage or loss caused by Visitors’ reliance on or other use of Third Party Technology. 

Viruses
DriveWealth does not guarantee that files available for downloading through the DriveWealth Properties and Related Services will be free of infection, viruses, or other potentially damaging code. Visitors are responsible for deploying procedures to satisfy their requirements for integrity, security and accuracy of data input and output.

Compliance with COPPA
The DriveWealth Properties and Related Services are not intended to be used by, and is not directed to, any persons under the age of 18. You represent that you are at least 18 years of age. However, if DriveWealth receives a complaint which states that a user of any of the DriveWealth Properties and Related Services is under 13 years of age, DriveWealth will comply with any relevant provisions of the Children’s Online Privacy Protection Act of 1998 (“COPPA”).

Intended Use of Content
Certain content included in the DriveWealth Properties and Related Services is intended only to assist you with financial education regarding the subject matters covered in such content. The content is broad in scope and does not consider, nor may it be appropriate for, your personal financial situation. DriveWealth makes no representations that the content is appropriate or relevant for use in all jurisdictions. The visitor is solely responsible for compliance with local laws.

Prohibited Conduct
You shall not submit the following to any of the DriveWealth Properties and Related Services:

  • Content that violates any federal, state, or other jurisdictions’ law or statute, or is inaccurate or misleading;
  • Content that infringes DriveWealth’s, or any third party’s copyright or other proprietary rights;
  • Content that is trade libelous, or unlawfully threatening, defamatory, obscene, or otherwise injurious to DriveWealth or third parties;
  • Content that contains any viruses, worms, or other potentially damaging code or computer programs;
  •  Content containing or constituting chain letters, mass mailings, political campaigning, or any form of “spam”.

Representations and Warranties

The content of the DriveWealth properties and related services are provided on an “as is” and “as available” basis. We make no other warranty and expressly disclaim all other warranties, express or implied, concerning the DriveWealth properties and related services including implied warranties of merchantability and fitness for a particular purpose and any warranty regarding the use or the results of the use of the DriveWealth properties and related services with respect to their correctness, quality, accuracy, completeness, reliability, performance, timeliness, continued availability or otherwise.

Limitation of Liability

You agree that neither we nor any of our members, directors, officers, affiliates, employees, agents or providers will have any liability, contingent or otherwise, to you or to third parties, for the correctness, quality, accuracy, security, completeness, reliability, performance, timeliness, pricing or continued availability of the drivewealth properties and related services or for delays or omissions of the drivewealth properties and related services, or for the failure of any connection or communication service to provide or maintain your access to the drivewealth properties and related services, or for any interruption or disruption of your access or any erroneous communications between the company and you. We will not be liable for any special, indirect, incidental or consequential damages which you may incur or experience because you entered into this agreement or relied on the drivewealth properties and related services, even if we know or have been advised of the possibility of such damages. We have no responsibility to inform you of any difficulties we or other third parties experience concerning use of the drivewealth properties and related services or to take any action in connection with those difficulties. We also will have no duty or obligation to verify, correct, complete or update any information displayed in or arising out of the drivewealth properties and related services. You will make your own independent decision to access or use any of the drivewealth properties or related services, or to execute any transaction and you acknowledge and agree that the drivewealth properties and related services do not and will not serve as the primary basis for any of your investment decisions concerning your accounts. 

You agree that neither we nor any of our members, directors, officers, affiliates, employees, agents or providers shall be liable for any loss, damage, cost or expense whatsoever, direct or indirect, regardless of the cause, which may arise out of or be in any way related to your use of the drivewealth properties and related services, including, but not limited to: (i) any fault in the delivery or operation of the drivewealth properties and related services, regardless of the cause of such fault; (ii) the suspension or termination of, or the inability to use, all or part of the drivewealth properties and related services, or any inaccuracies or omissions in any information or documentation provided, regardless of the cause of such suspensions, termination, non-usability, inaccuracies or omissions; (iii) any faults in or failure of the operation of the drivewealth properties and related services; (iv) any failure or delay suffered or allegedly suffered by you, however caused; (v) the termination of all or part of this agreement by us as provided in this agreement; (vi) any inaccurate market data, news information, quotations, or analytical or technical market data obtained through the drivewealth properties and related services; or (vii) any other cause in connection with the furnishing, performance, maintenance, or use of, or inability to use, all or any part of the drivewealth properties and related services. The foregoing shall apply regardless of whether a claim arises in contract, tort, negligence, strict liability or otherwise.

Acknowledgement and Agreement
You expressly acknowledge and agree that the DriveWealth Properties and Related Services provided by us are on an “as is” basis, and that you use such DriveWealth Properties and Related Services at your sole risk. Neither we nor our Third Party Providers will have any responsibility to maintain the DriveWealth Properties and Related Services or to supply any corrections, updates or releases concerning the DriveWealth Properties and Related Services. 

Indemnity
You agree that you will indemnify, protect, and hold harmless us, our members, directors, officers, affiliates, employees and agents, from and against any and all losses resulting from or arising out of the use of the DriveWealth Properties and Related Services by you or your agents, including any breaches of the security of the DriveWealth Properties and Related Services, caused directly or indirectly by you or your agents, except to the extent such losses are due to our gross negligence or willful misconduct.

Miscellaneous
These Terms represent the entire understanding between the parties hereto with respect to the subject matter hereof. No contemporaneous or prior, written or oral agreement shall be construed to alter, repeal, or modify these Terms. These Terms shall be construed under the laws of the State of New Jersey, without regard to its principles of conflicts of laws. Any and all disputes arising under or related to these Terms shall be adjudicated exclusively in private, confidential arbitration before Judicial Arbitration and Mediation Services, Inc., which arbitration will be conducted by a single arbitrator and will take place in the State of New Jersey, Morris County, and each party consents to personal jurisdiction and service of process in such locale for the purposes of any such arbitration.

If you have questions, comments, concerns or feedback regarding this Terms of Use, please contact DriveWealth at support@DriveWealth.com.