The Payment Agent s that the Company hires to carry out non-trading transactions under this Agreement is also a Party Parties to this Agreement. The following documents are an integral part of this Service Agreement annexes to this Service Agreement: Regulation on trading transactions; b. The Company may unilaterally alter the list, name, and content of annexes to this Agreement.
The Company may add new annexes to the Agreement or delete existing ones without making any amendments to this clause. The text of the Service Agreement and of the annexes to it is referred to as the Agreement. The posted offer is not public. The Company at its sole discretion may refuse to enter into an Agreement with anyone without explaining the reasons for refusal or, if registration took place, to terminate contractual relations and to block access to the trading terminal.
The Client's registration on the Company's Website or on the trading terminal is considered to be unconditional acceptance of the terms hereof. As soon as the Company receives a payment to replenish the Client's trading account, each Client transaction using the trading terminal or Dashboard becomes the subject of this Agreement.
The Client must carefully review the terms of the Agreement. By accepting the terms of this Agreement, the Client agrees to the terms of all its annexes listed above, confirms that he or she is of legal age, legally competent, and not resident of a state where trading in binary options may be deemed illegal. The Client also represents and warrants to the Company that: The client will adhere to legal norms, in particular international norms aimed at controlling illegal trade, financial fraud, and money laundering; 1.
The Client will not use the trading terminal or website to collude in illegal financial activities or any other illegal transaction; 1. The Client legally possesses the money and has the right to use it.
The Client's account will not be replenished from third party bank accounts or electronic wallets. The Client will not replenish third party client accounts or withdraw money from the Client's account to third party bank accounts or electronic wallets. The Client will not use third-party devices, anonymizers or other third party devices and equipment or devices and equipment that make it possible to conceal the Client's real ip address, its true location and the point of connection to the trading platform; 1.
The Client is not a federal or municipal civil servant, an employee of a national or municipal institution, an employee of a national or municipal organization, an organization in which the state own a majority stake. The Client is not a politically exposed person or a family member or relative of a politically exposed person. The Client is not a person closely linked to a politically exposed person.
The Client is not a person linked to the United States or other state in which the Company does not operate. The subject of the Agreement is the definition of the general conditions under which the Parties carry out transactions trades , the content and procedure for which are set forth in this Agreement. The Company sets and may alter at its sole discretion an essential condition for a transaction trade , may limit the number of trades executed simultaneously, and limit the number of trades that a Client may make within the time period set by the Company.
Asset — the underlying financial instrument of a binary option. An asset may be company stock, a stock index, currency pair the rate of a exchange of one currency into another currency , goods quoted on a commodity exchange, commodity options, etc. Binary Option — a derivative financial instrument trade consisting of two transactions: However, the Company does not give the Client the ability to assume obligations in excess of the Trade Amount the Company will not provide the Client with leverage.
A payout is made if the direction rate change direction Up is selected and, when the option expires, the asset rate is higher than the target level, or if the rate change direction Down is selected, when the option expires the asset rate is lower than the target level.
Bonus — virtual money transferred by the Company to the Client's Account if the Client complies with the conditions set forth by the Company.
When the Client makes trades, money transferred by the Client is used first, and only after it is fully spent is the Client entitled to use the Bonus to make further trades. As a general rule, the Client is not entitled to transfer the Bonus amount to the Client's External Account. The Company may post rules governing the crediting, withdrawal, and use of Bonuses, the conversion of Bonuses into real money, the rules governing the performance of other transactions involving Bonuses and Client funds which govern how a Bonus was awarded to the Client may on the website.
In addition to Bonuses, the Company may also offer Clients risk-free transactions and pursue other ways of attracting and retaining customers; when the Client enters into such a risk-free transaction, he or she either receives earnings if the Client correctly predicted the direction of change in how an asset is trading or the amount of the transaction is refunded to the Client if the Client did not correctly predict the direction of change in how an asset is trading.
Company Website — an internet site at the address domain name olymptrade. Client External Account — the Client's current account at a lending institution, an account wallet on an electronic payment system. Option Expiration Time — the time when the condition for payout of income on the option is checked.
Payout — fixed remuneration credited to the Client's Account if the terms of the binary option condition are fulfilled. The Income amount is determined at the time that the trade is executed. Execution of a trade — a trading transaction in which the essential conditions of a binary option trade are agreed by the Client and the Company.
After it is made, the binary option trade is open. Closure of a trade — a trading transaction in which an open binary option trade is liquidated. Early trade closure - the closure of a trade at the Client's initiative before it is closed at the option expiration time.
A trade is closed at the client's initiative only if it is technically possible for the Company to do so and this action is a right, but not a duty of the Company.
Exceptional Situations - abnormal market conditions described in the Regulation on Trading Transactions. Payout ratio — the percentage that determines the Income amount set by the Company depending on the option asset and other conditions of the binary option.
Log Entry — a record in the database made by the Company Server that, with an accuracy to the second, logs all Client requests and orders as well as the result of their processing. Each Client contact with the trading terminal and Dashboard is recorded in Log Entries. These server data are the main source of information and are recognized by the Parties as evidence in case of disputes related to fulfillment of the Agreement.
Information from a Log Entry of the Company Server prevails over other arguments in a review of a dispute, in particular over information from the Log File of the Client's trading terminal. The Company reserves the right not to maintain Log Entries. Price Direction — an essential condition of a binary option trade that determine the trade payout. A price may change direction Up or Down. Non-trading Transaction — any Client transaction to deposit funds on the Client's Account or withdraw funds from the Client's Account.
Open Trade — a binary option trade after the execution of the trade and before trade closure, for which it is not determined yet whether a payout will be made. Its office and correspondence address is: The Company is responsible for the actions of the Payment Agent as though they were its own actions. Black Territory — the state of an open binary option trade if income on the trade can be paid out on the basis of the current trade asset price.
Recurring payment — a periodically repeating transaction to replenish the Balance of the Client's account without requiring the latter to reenter his or her credit card information. After the Client replenishes the Balance of his or her account the first time, the Client is presented with the option of avoiding having to reenter his or her credit card information again in the future.
The Client needs only to confirm each operation to replenishment the Balance of his or her account. Trade — an agreement between the Client and the Company under which the Client pays the Trade Amount and the Company agrees to pay a fixed Income if the binary option conditions selected by the Client are fulfilled. Company Server — the Company's software used to process and store information about client requests for trading and non-trading transactions, to provide to the Client real-time information about trading on financial markets, to account for trading and non-trading transactions, to monitor the fulfillment of trade conditions and limit trading transactions, and to determine the financial result of trades.
Withdrawal Method — one of the Funds Withdrawal methods offered to the Client that is posted on the trading terminal and in the Dashboard. Trade Amount — the amount paid by the Client to the Company when a trade is executed.
Company's Account — the Company's settlement account at a financial institution, an account wallet in an electronic payment system, and other accounts, including accounts of Payment Agents. Essential Conditions of a trading transaction essential conditions of a trade — the conditions that govern the payout of income from a trade to the Client by the Company.
A Client may have only one client account. Trading transactions — procedures for executing and closing binary option trades between the Company and the Client.
Trading transactions are carried out where the Company is registered. There is no physical delivery of assets during trading transactions. Trade amounts on trading transactions are debited from the Client's account balance right after the trade is opened. Income earned on trading transactions is credited the Client's account right after the trade closes.
Trading Terminal — software through which the Client can obtain real-time information about bidding on financial markets, to perform trading and non-trading transactions and receive messages from the Company. All orders executed through the trading terminal are deemed placed personally by the Client. A trading terminal may not be used by Clients from countries whose laws prohibit binary option trading and other off-market derivative financial instruments or by Company employees, affiliates, and agents and their relatives.
The part of the trading terminal that a Client can use for non-trading transactions under this agreement may be called the Dashboard. Red Territory - the state of an open binary option trade if, at the current asset price, income cannot be paid out on that trade.
Target Level - the asset price level, the attainment or non-attainment of which meets the condition for payout on the trade. Cookie file - a small data set including an anonymous unique identifier which is sent to the web browser of the Client's computer or mobile telephone hereinafter "device" from the Company server website and is stored on the hard disk of the Client's computer.
The Client may configure a web browser to block cookie access to the computer. When a Client visits the Company Website, the viewed pages and cookie files are downloaded onto the hard drive of the Client's device.
Cookie files stored on the hard drive may be used for anonymous identification if the Client revisits the Company's website and to determine the website pages that are the most popular among our Clients.
However, for confidentiality and security, the Company does not store Client personal data including name, personal information, email address, etc. Cookie files stored on the hard drive of the Client's device enable the company to create the most user-friendly and efficient website for Company Clients, providing us an opportunity to identify our Clients' preferences.
The terms used in this Agreement that are not defined in this section are to be construed according to generally accepted business customs and practices applicable to the trading of derivative financial instruments. To communicate with the Client, the Company may use: The Client may also contact the Company by e-mail a help olymptrade.
The Client understands and agrees that, if the Client's behavior during conversations with a Company employee is inappropriate, the Company reserves the right to unilaterally terminate this Agreement. The Company may use contact information provided by the Client to send informational, marketing, and advertising materials, and service messages and to resolve other tasks.
The Company will determine the frequency with which it sends messages to the Client at its sole discretion. During registration the Client undertakes to provide correct and reliable identification information in accordance with requirements of the Client registration form.
The Company has the right to block the Client's access to the trading terminal until the completion of the Client identification procedure. The Company may also require that the Client be identified by paying a visit to an authorized Company-agent to provide the documents defined by the Company at its discretion.
Login to the trading terminal is password protected. The Client may not transfer the trading terminal password to third parties. The Client assumes full responsibility for password protection and prevention of unauthorized third party access to it. All orders through the trading terminal with the Client's password will be deemed to have been made by the Client unless the Company establishes otherwise.More...