Terms and Conditions
You are responsible for reading and understanding these Terms and Conditions pursuant to which all tournaments, games of skill, trades, transactions, or offerings via this site are governed.
1. The trade name is owned
and operated under regulated authority.
2.
The Company does not provide a market or exchange amongst or
between customers for trades, securities, derivatives, options,
or market speculations. Each trade placed by a customer is an
individual skill-based game between the customer and the Company
and is not a trade, security, derivative, option, or market
speculation, nor is it transferable, negotiable or assignable to
or with any third party. Actual exchange traded binary options
also exist and are fundamentally different to the offerings
available to customers via this site. On an actual options
exchange participants trade against other participants over the
exchange. This site is not an options nor futures exchange which
are regulated differently, by regulators who oversee dealings
and dealers in tradable financial instruments, financial
markets, options and/or futures as well as the exchanges over
which such financial products are dealt.
3.
Prices of a stock, commodity, currency or index can be highly
volatile and difficult to predict. Due to such volatility, no
trade placed within this site should be considered a safe bet.
The services offered by this site are only suitable for
customers who understand the risks involved and are able to bear
the loss of all the money they stake. The maximum losses that
may be incurred by any customer is limited to the amount of
money paid by the customer to the Company.
4.
Each customer will create a personal password which should be
kept strictly confidential as all transactions where a
customer’s email and password have been correctly entered will
be regarded as valid, subject to meeting the criteria for
placing trades laid down in these Terms and Conditions. You
agree to be fully and personally liable for the due settlement
of every transaction entered under your account. The Company
will not be liable for any loss you may incur as a result of
misuse of your account and accepts no liability resulting from
any unauthorized use, whether fraudulent or otherwise. This
includes, without limitation, any transactions by members of
your family or entourage who have gained access to your account.
You are responsible for ensuring that you alone control access
to the account, and that no minors are granted access to trading
on this site. You remain fully liable for all trades and
credit/debit card transactions entered for your account. You
agree to indemnify the Company in respect to all costs and
losses of any kind whatsoever as may be incurred by the Company
as a result, direct or indirect, of your failure to perform or
settle such transactions.
5.
The Company will not be liable in any way to any customer in the
event of force majeure, or for the act of any Government or
legal authority, or for the failure of or damage or destruction
to its computer systems, data or records or any part thereof, or
for delays, losses, errors or omissions resulting from the
failure or mismanagement of any telecommunications or computer
equipment or software. The Company reserves the right to void
any part or all of any trade or any event that is not completed
(e.g. frozen, abandoned, and postponed). The Company may, at its
sole discretion, suspend the relevant offerings on our site and
cancel all trades relevant to any assets where: • the stock
exchange or interbank authority suspends trading activities of
any asset offered on this site, • a blatant error is made in
transmission of any asset data, • the Company has reason to
believe that a trade is placed after the outcome of an event is
known or with reasonably foreseeable knowledge of the event
which gives an undue advantage or superior position; • as a
result of political, economic, military or monetary events
(including unusual market volatility or illiquidity) or any
circumstances outside the control, responsibility or power of
the Company, the continued operation of any offering on this
site is not reasonably practicable without adversely affecting
and prejudicing the interests of customers or the Company; or •
there is a breakdown in the means of communication normally
employed in determining the price or value of any of the assets
or where the price or value of any of the assets cannot be
promptly or accurately ascertained. In such event, the Company
shall refund the stakes corresponding to any cancelled trades to
the customer, and no further claim may be entertained against
the Company in connection thereto.
6. The Company
reserves the right at its sole discretion to refuse and/or
cancel services to anyone for any reason including, without
limitation, any instance where: • the customer’s activities at
this site may be illegal in that person’s country or state; •
the Company may be contacted by legal authorities or regulators
from that person’s country or state; • the Company may suffer
any pecuniary, fiscal or regulatory disadvantage by virtue of
that person’s activities at this site; or • transactions on this
site are performed in breach of the Terms and Conditions.
7. No person shall abuse this site for the purpose
of money laundering. The Company employs best-practice
anti-money laundering procedures, which can have several effects
on customers. The Company reserves the right to refuse to do
business with, to discontinue to do business with, and to
reverse the transactions of, customers who do not accept or
adhere to these anti-money laundering processes. Accounts may be
frozen or closed if satisfactory customer due diligence
documentation is not provided. The anti-money laundering
processes have the following effects on customers: • You must
fill into the account opening form all requested details that
establish your identity. • The Company may, from time to time,
at its sole discretion, require you to provide proof of identity
(such as notarized copy of passport or other means of identity
verification as the Company deems required under the
circumstances) and may suspend an account until such proof has
been provided to its satisfaction. • You agree that we may use
the personal information you provide in order to conduct
anti-fraud checks. Personal information that you provide may be
disclosed to a credit reference or fraud prevention agency,
which may keep a record of that information. • Earnings payouts
or withdrawals may only be paid to the initiator of an account.
When a customer maintains an account by means of telegraphic
deposits, earnings payouts or withdrawals are only paid to the
holder of the originating bank account, and the onus is on the
customer to ensure that account number and name accompany all
transfers to the Company. When a customer maintains an account
by means of credit/debit card deposits, earnings payouts or
withdrawals are only paid back to the same card. • Only one
account is allowed per person. No earnings payouts may be
collected on accounts opened in false names or on multiple
accounts opened by the same person.
8.
The Company may impose trade volume and other limits on Customer
accounts at its sole discretion. The current trade volume limit
upon account opening is USD/GBP/EUR 25,000/day maximum trading
volume. The maximum account size (i.e. cash balance) is
USD/GBP/EUR 30,000. The maximum outstanding payout with respect
to active trades at a given time per account is USD/GBP/EUR
30,000. The maximum payout to any one customer with respect to
any one day’s completed trades is USD/GBP/EUR 30,000. These
limits are increased once a customer fully authenticates
himself; where after the new maximum trading volume will be
USD/GBP/EUR 250,000/day, having a maximum account size of
USD/GBP/EUR 250,000, and a maximum outstanding payout for active
trades at a given time per account of USD/GBP/EUR 250,000.
Payouts for completed trades remain subject to the stated daily
maximum payout to any one customer in any one day, irrespective
of total trades’ stakes or number of winning trades. The onus is
on the customer to stay within the stated limits. Once a
customer’s account balance exceeds the maximum account size,
then withdrawals must be made to bring the balance to within the
limits.
9. Persons with
insider knowledge of any financial market or instrument are
prohibited from trading at this site. It is a condition of the
Company’s acceptance of trades from you, and by your offering to
place trades that you represent that: (a) you are not prohibited
from placing the trade by any term of your contract of
employment or any rule of a Financial Market Governing Body
which applies to you; (b) you are not aware of any circumstances
which would make the placing of the trade a breach of a rule
applied by a Financial Market Governing Body; (c) when a trade
is placed on the outcome of any event or process (“the event”)
you do not possess advanced superior knowledge as to the outcome
of the event or on the likelihood of anything occurring or not
occurring; (d) you are the person whose details are provided in
connection with your registration; and (e) you are not an
undischarged bankrupt or in a voluntary arrangement with your
creditors. In the event of any such representation by you
proving to be false, your trade stakes will be forfeit and the
Company shall not be obliged to make any payouts which might
otherwise have been payable.
10.
Asset pricing: All prices displayed on this site are based on
official quotes from the relevant stock exchange or interbank
authorities. The Company provides its customers with real-time
streaming prices or quotes by collecting and aggregating
information sourced through independent price providers,
relevant exchanges, and interbank authorities who supply
liquidity and information to the global financial, forex and/or
futures markets. The current market price we display represents
our objective view of the prices available to arm’s length
traders at the relevant time. In order to ascertain and
calculate current fair market prices the Company accesses a
number of different data sources and is required to take a
number of factors into account including volume weighting and
market volatility. All trades are priced and settled using the
current market price as displayed by the Company at the relevant
time. The company’s pricing on all available assets is fully
transparent and the complete price history for all assets is
made available to all customers using the Tick by Tick Search
function.
11. Strategy: The
stakes for each trade are subtracted from the customer’s account
at the time the customer places the trade. The earnings for each
winning trade are credited to the customer’s account following
the trade’s expiry. The strike price given for each trade is
according to the official price quote indicated by the Company
(“the Offered Price”) and is recorded according to the Offered
Price as exists at the time the trade is recorded on our
Transactions Server. The expiry price given for each trade is
according to the official price quote indicated by the Company
at the time of the trade expiry. For assets which have both an
ask and bid price quote, the mean price is used and is
determined by (Ask+Bid)/2 = Mean Price.
12.
Profit calculation: We offer up to 90% profit on successful
trades. Variable profit rates apply. Profit rates are in flux
and can change rapidly. The available profit ranges from 70% to
90%. At the highest rate 90%, this is a 190% total return on
your trade inclusive of the trade stakes returned plus the
profit rate. The governing profit rate on a trade is the rate
shown at the time the trade is recorded on our Transactions
Server.
13. Expiry lockout:
Trading is unavailable within the relevant lockout period prior
to expiry. The lockout period for each expiry is indicated by
the clock on the chart when the expiry is selected. Once the
lockout time for a given expiry is reached, a trade recorded
after this time will be registered for the next expiry of that
kind. Any trade which is filled by our Transaction Server
following the lockout period will automatically carry over and
be filled for the following expiry of that kind. Placing a trade
very close to the lockout will run the risk of the trade being
filled for the following expiry. We also offer Countdown
expiries of 60 seconds, 120 seconds and 300 seconds with no
lockout.
14. Each trade
successfully placed by the customer will be given an individual
transaction confirmation number. Once a trade is placed, it
cannot be cancelled. Trades will only be valid, subject to
meeting the criteria for placing trades laid down in these Terms
and Conditions, if accepted by our Transactions Server. The
Company is not liable for the settlement of any trade where a
transaction confirmation number is not issued and displayed in
the customer’s ‘Account Journal’ page of this site.
15.
Our Transactions Server log governs with respect to all
determinations of timing including the time at which a trade is
placed, the applicable profit rate, strike price, and expiry
price, irrespective of the time at which the customer may have
attempted to place the trade or the time at which the stock
exchange or interbank authorities published prices. In the event
of a query, it is your responsibility to be notified at the
earliest opportunity. Any queries relating to a trade must be
raised no later than twelve hours after the trade has been
settled. The Company cannot guarantee that it will be able to
respond to any query which is not raised within this time. Our
real-time streaming price data governs with respect to any
issues involving the pricing or settlement of trades
irrespective of any differing price information which might be
displayed by third party data providers. With respect to any
issues as to times, prices, and trade settlements, the decision
of the Company shall be final and binding.
16.
The Company reserves the right to correct any obvious errors and
to void any trades placed where such have occurred. In the event
that any trade’s pricing grossly deviates from fair market
prices due to an undetected programming error, bug or glitch in
our software, the Company reserves the right to cancel or
reverse such transactions upon notification to the customer of
the nature of the computer error that led to the mis-pricing. In
such event, the Company shall refund to the customer the stakes
corresponding to any cancelled trades, and no further claim may
be entertained against the Company in connection thereto.
Customers have a duty to report to the Company any problems or
suspected system inadequacies that they may experience including
without limitation extrinsic information providing asset data
ahead of the Company’s and customers may not abuse system
problems or inadequacies for profit. The Company will endeavor
to resolve any such difficulties in the shortest time possible.
17. Any concern or claim
over a trade should first be e-mailed to us at our support mail
and we will make every effort to resolve the matter in a
mutually satisfactory manner. However, if you still feel that
you have been unfairly treated your dispute should be raised.
Any information given on the this site, and/or emails or
newsletters sent by the Company related thereto is not intended
as financial or trade advice and the Company will not accept any
liability for either its comprehensiveness or accuracy.
Customers agree to receive such information from the Company and
its partners unless they ask to be opted out from the receipt of
any such mailings.
18. With
respect to any asset pricing, data or other information
displayed on this site, (a) such content is indicative only and
neither the Company nor any of its licensors gives any warranty
that the supply of content on this site will be uninterrupted or
as to its accuracy; (b) the Company and its licensors are not
responsible or liable if any such content is inaccurate or
incomplete; (c) the Company and its licensors are not
responsible or liable for any actions that you take or do not
take based on such content; (d) such content is proprietary to
the Company and/or its licensors and you are not permitted to
retransmit, redistribute, publish, disclose or display in whole
or in part such content to others; and (e) all content is
provided for your own personal usage and the distribution,
reproduction or commercial exploitation of such content in any
manner whatsoever is prohibited.
19.
The Company may at any time, at its sole discretion, alter or
amend, add, withdraw, or suspend from the site any of the
available tournaments, games of skill, trading services or
offerings, or any part thereof and may alter stakes, features,
specifications, capabilities, functions and/or other
characteristics of any of the available tournaments, games of
skill, trading services or offerings, or any part thereof; and
may alter or change the rules and scope of this service from
time to time, including changes to these Terms and Conditions.
Any change made shall not apply retrospectively and shall only
apply to the available tournaments, games of skill, trading
services or offerings after such change.
20.
In the event that any provision of these Terms and Conditions is
deemed by any competent authority to be unenforceable or
invalid, the relevant provision shall be modified to allow it to
be enforced in line with the intention of the original text to
the fullest extent permitted by applicable law. The validity and
enforceability of the remaining provisions of these Terms and
Conditions shall not be affected. Any provision of these Terms
and Conditions which may be deemed invalid, illegal or
unenforceable in any jurisdiction will be ineffective in that
particular jurisdiction, without affecting the validity,
legality or enforceability of that provision in other
jurisdictions. In the event of any differences between the
English version and any other language, the English version
shall prevail.
21. The
company may charge you for a 25% trade commission depends on the
signal software used in your account to facilitate high profit
realization
22. All
successful deposits are received instantly into our account. You
will not be entitled to interest on funds that are held in your
account. Your account should not be used as a mere depository
for funds or as a substitute for a bank. Customer accounts which
have zero funds in them and are not used for a period of 12
consecutive months shall be closed. In the event that you have
funds in your account and you do not play any game or place any
trade on the site for a period of 36 consecutive months, the
Company will advise you in writing; and, thereafter, the Company
may charge a monthly management fee of USD/GBP/EUR 30 until the
account is used for trading or the funds are withdrawn.
23.
Only one account is allowed per customer. The Company reserves
the right to close any duplicate accounts. In respect of any
such duplicate accounts that are located, the Company reserves
the right to cancel any transactions on the duplicate account.
The Company also reserves the right to suspend or close any
account and cancel any associated transactions where the account
holder and the owner of the funding instrument are not the same.
Employees of the Company may not open an account or register on
this site whether in their own name or on behalf of another.
24. You may choose to
contact us to close your account held with the Company. Your
account may be closed if you do not have any open trade
positions and if you have complied with the requested “Know Your
Client” procedures to enable you to withdraw any pending funds
in your account. The Company may, at its sole discretion,
exclude selected players from receiving the selected promotions
such as bonuses, free plays/trades, money-back specials, and/or
any other promotions and offers introduced by the Company from
time to time.
25. Notices
and other communications delivered or mailed to the postal
address or to the electronic-mail address provided by you shall,
until we have received notice in writing of any different
address, be deemed to have been personally delivered and
received once sent, whether actually received or not.
26.
You may only open an account at this site on condition that:
• you have read these Legal Terms and Conditions in full
and understood that all actions you take on this site are
subject to these Terms and Conditions;
• you have read our
privacy statement and hereby give us consent to process your
personal information as outlined therein;
• you are over
18 years of age, unless you are an Estonian resident whereby you
would have to be over 21;
• you have sufficient experience
and knowledge in matters of financial markets to be capable of
evaluating the merits and risks of the tournaments, games of
skill, and/or trading available via this site and have done so
without relying on any information contained at this site.