Terms and Conditions
our 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.