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.
The trade name is owned and operated under regulated authority.
This site does not constitute an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation. It is your responsibility that you comply completely with your own local, national or state laws prior to registering and using this site. In particular, if you live in a country or jurisdiction where the offerings provided by this site are prohibited, you must not register, attempt to use the services, or use your credit/debit card on this site.
The Company cannot accept customers from certain jurisdictions and locations as determined by the licensing. Whilst every endeavor has been made to ensure this happens, it is up to the customer to check that they are legally able to use this service within their location.
Our services are only available to territories according to our Gambling Supervision Commission license.
The Company offers real money tournaments and games of skill on the Internet site which are won or lost based on the customer’s ability to predict movement in price of a stock, commodity, currency or index. These skill-based games and tournaments are commonly known as binary options trading. Therefore throughout this site and these Terms and Conditions the terminology of binary options trades or binary options trading may be used to refer to the tournaments and games of skill provided by this site. However, although described by this commonly used terminology, the tournaments and games of skill which are available via this site do not provide consumers any actual options contracts, negotiable derivatives, or financial instruments of any nature. This site is not an options exchange nor is it an options broker. The tournaments and games of skill offered by this site are not a financial product but rather are an e-gaming product.
In the British Isles, as in the United Kingdom and elsewhere, the tournaments and games of skill offered by this site are considered e-gaming and are subject to regulation as such. The Company is licensed and regulated under e-gaming in the British Isles by the Isle of Man GSC. Our regulator, the Isle of Man GSC, promulgates rules which dictate how gaming activities are to be conducted which protect customers from fraud and identity theft, require that customer funds be segregated in protected accounts, safeguard against problem and underage betting, ensure that all tournaments and games are fair, and ensure that all winners are payed out their winnings. All client funds are protected through a separate cash matched segregated account which is maintained on a daily basis.
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.
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.
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.
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;