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CONTRACT PARTIES

IRON TRADE AND INVESTMENT LIMITED (website operator) hereinafter called the “Company”, and a person, who has accepted conditions of this Agreement, as well as the Privacy Policy, Refund Policy, Payment Policy, AML and any other additions to this Agreement and completed the registration form, further referred to as ”the Client”, have concluded the present Contract of service provided on the website http://siamoption.com, (further the ”website”), further referred to as "the Contract”. Domain siamoption.com and all rights are reserved to IRON TRADE AND INVESTMENT LIMITED.

1. Interpretation of terms

1.1.Service shall mean any Company's operations, aimed at meeting the needs of the Client. Operation shall mean an action related to buying and / or selling of binary options by the Customer and the movement of funds between the Client and the Company. Funds shall mean the deposit, which has certain properties and gives the Client the authority to make transactions on the Company's website.

2. Subject of the agreement

2.1. Subject of the Agreement is to provide services by the Company to the Client under this Agreement. In regards to all the conditions of the Client Agreement, the Company provides services for the Client in accordance to the Client Agreement.

3. Services

3.1. The Company's services shall mean any interactive software and other services offered by the Company, which allow the Client:

  • Contact with representatives of the Company;
  • Receive information and quotes on the assets shown on the Company's website;
  • Give the Company orders to conduct trading operations with financial instruments on the Company’s website.

3.2. Services of the Company comprise trading platform, customer support, analytics and news and marketing information.

3.3. In regards to the Client's trading operations the Company does not provide trust services and consultations on trading. The Company can process the Client's orders to conduct trading operations with financial instruments on international financial markets even in case such trading operation may be unprofitable for the Client.

3.4. The Client guarantees that the present Contract and the client agreement provisions were carefully read and accepted by the Client, for these terms define all conditions of Client-Company interaction.

3.5. The Company is not liable for the results of the Clients trading operations conducting with financial instruments on international financial markets. The Client is the only authorized user of the Company’s services regarding the Client's personal wallet and trading accounts. The Client is irreplaceable subject of legal relations emerging from the client agreement provisions.

Client's rights cannot be delegated, and obligations cannot be imposed on another person.

3.6. In case the Client is a private person, legally capable citizen, non-U.S. or Japan resident and of majority age (majority age is defined by law of the Client's country of citizenship). In case the Client is a legal entity, legally capable organization and non-U.S., Japan resident. No person but the Client has rights of action or obligations regarding transactions conducted on Client's trading accounts/personal wallet.

In case the Client is a private person, it is implied that he/she personally filled in the registration form.

4. Rights and obligations of the parties

4.1. The Client has a right:

4.1.1. At his/her sole discretion to give the Company an order to conduct trading operations with financial instruments in accordance to the client agreement provisions.

4.1.2. In case of absence of debt to the Company, to demand the Company to discharge its obligations in favor of the Client to the extent of free margin amount of his/her trading accounts and/or personal wallet.

4.1.3. In case a disputable situation occurs, to make a claim properly in official letter by email to account specified by the Company.

4.1.4. In his/her sole discretion to terminate the present Contract, in case no debt to the Company exists.

4.2. The Client is obliged:

4.2.1. To adhere to the client agreement provisions when conducting trading operations on the Company’s website;

4.2.2. To adhere to the client agreement provisions when conducting financial transactions on his/her trading accounts and/or personal wallet;

4.2.3. To be exclusively responsible for all actions regarding trading accounts and personal cabinet resulted from usage of usernames and passwords;

4.2.4. To be exclusively responsible for all his/her actions, including giving orders to conduct trading operations with financial instruments on international financial markets;

4.2.5. To be solely responsible for correct trading strategy choice and comprehensive risk consideration;

4.2.6. To be fully responsible for preserving confidentiality of information received from the Company and to accept the risk of financial loss that may result from unauthorized access to his/her trading accounts by the third parties to monitor his/her trading accounts status;

4.2.7. To monitor his/her personal wallet status;

4.2.8. To notify the Company of any changes of contact details;

4.2.9. To adhere to the Company's Privacy policy disclosed in the client agreement provisions;

4.2.10. To register only 1 (one) account. In case that the Client have multiple accounts, the transaction and the financial results of the transactions in these accounts will be canceled. The accounts will be blocked, and funds contained therein, will not be subject to the withdrawal.

4.3. The Company has a right

4.3.1. To contact the Client with any question concerning the client agreement, particularly, in order to make certain in the Client's intentions regarding his/her actions on trading accounts and personal wallet;

4.3.2. To modify, to add, to rename or to leave unchanged any sections, paragraphs and subparagraphs of the client agreement, as well as trading conditions on the Company’s website. Company is not obliged to contact the Client regarding such changes;

4.3.3. In case objective causes emerge, the Company has a right to suspend servicing of the Client's account on the Company’s website;

4.3.4. To modify the size of the value of the Company’s obligations to the Client, if operations made on the website are not respected by the present Contract;

4.3.5. To engage third parties for service provision in accordance with the present Contract, under the condition that they completely assume the Company’s rights and obligations and agree with the client agreement provisions;

4.3.6. To terminate the present Contract in its sole discretion and without reimbursement any loss suffered by the Client in case of notifying the Client of the termination within 3 working days after such termination and discharging financial obligations to the Client to an extent of free margin amount on the Client's trading accounts and/or personal wallet;

4.3.7. In regards to any circumstances and situations not covered by the client agreement provisions the Company has a right to act at its own discretion in accordance to business customs and existing practice;

4.3.8. The Company reserves the right to change, add or set as default the option return rate, the profit rate, the possibility of acquiring the option type, the minimum and/or the maximum option amount, possible expiration periods for one, several or all of the assets. The Company has the right to limit the maximum amount of purchased options for any time frame that appears on the trading platform (1 minute, 1 hour, 1 calendar day or any other).

In case the Client violates one or several sections, paragraphs or subparagraphs of the Contract:

  • to review value of the Company’s obligations to the Client, with corrections being made to a relevant trading operation register entry;
  • to close one or several Client's positions at the current market price;
  • to suspend service provision in regards to the Client's trading account.
5. Obligations of the Company

5.1. In accordance to the client agreement provisions the Company is obliged to provide services comprising processing of the Client's orders to conduct trading operations on the Company’s website. In accordance to the client agreement provisions, in case no obligations on the part of the Client exist, on the Client's request to discharge the Company’s financial obligations to the Client to an extent of free margin amount on the Client's personal wallet.

6. Legislation in force

6.1. In regards to the client agreement provisions the Client agrees with the UK law-courts jurisdiction.

6.2. In case of a disputable situation being considered in accordance to the law of the UK, the language used for adjudication is English.

6.3. In case of a disputable situation being considered in accordance to the law of the UK, the Company has the right to use translation service during the lawsuit.

6.4. The Company has the right in case of consideration of a dispute in accordance with the law of the UK, to use interpreter services during the trial.

6.5. Validity and termination of the agreement:

  • This contract is concluded for an indefinite period;
  • This Agreement enters into force after client's agreement to the contract;
  • This Agreement shall be deemed terminated after full blocking of the Client's account.
7. Third parties

7.1. The Client hereby acknowledges and confirms that IRON TRADE AND INVESTMENT LIMITED is engaging an independent third party or payment service provider for payment collection. The Client acknowledges and confirms that the third party is acting on the Client’s instruction to transfer the funds on the Client’s behalf to payment service provider with no liabilities, obligations or warranties. The Client agrees and confirms that he has no right to claim any transferred funds from the third party or payment service provider in any ways, or under any title or under any circumstances.

7.2. The Client is clear on the fact that any third party or payment service provider will just facilitate the Client’s business with the Client’s supplier and that the Client was not offered any form of financial services from them. The Client is clear that he should not use the third party/payment service provider or its affiliates as the financial services vehicle but a conventional and trusted service provider to facilitate payment only. The Client confirms that he has no further and future claims against the third party or payment service provider after settlement has been made.

TECHNICAL TERMS AND CONDITIONS
1. Processing trade requests and orders

1.1. Processing client requests and orders has the following structure:

  • After any client places an order(request), the request is tested for its correctness on the trading platform;
  • The trading platform sends the request or order to the server;
  • After the request or order is received by the server it is tested for correctness;
  • The server, after proceeding the order or the request, sends the results to the trading platform. In case that the connection between the trading platform and the server is correct, the trading platform will receive the results of the order or the request and process will be done.

1.2. The time of the process may vary and depends on the quality of the communication between the trading platform and the server, as well as on the market conditions. When market conditions are normal the time of the process usually varies between 0-4 seconds. In some cases, other than normal, the time can be higher than that.

1.3. The server may refuse to the Client request or order in the following cases:

  • If the Client sends a request before a first quote appears on the trading platform before market opening;
  • If there is not enough funds on the Client’s account for opening a new position;
  • If the Сlient sends a request before opening of a trading session;
  • When market conditions differ from normal.
2. Quotes

2.1. The Сlient acknowledges that the only reliable source of quote flow information is the main server for real customers. The quotes on the trading platform cannot serve as a reliable source of information about the real quotes flow, as in the case of unstable connection between the trading platform and the server part of quotes may not reach the trading platform.

2.2. The graphs displayed on the trading platform are indicative. Thus, the Company does not guarantee that the transaction will be made at the same prices specified in the trading platform at the time of the Customer transactions.

2.3. The price displayed on the trading platform is formed by the formula (Bid + Ask) / 2

2.4. Processing client orders.

2.4.1. If the amount of available funds is sufficient to open a position - the position will be opened.

2.4.2. If the amount of the available funds is insufficient to open a position the position won’t be opened.

2.4.3. The Client's order to open a position is proceed, and the position is opened only after a corresponding entry is made in a server log file. Each new position is assigned with a serial number.

2.4.4. Maximum “Amount” in the System should not exceed 200 USD or 2000 Bahts. You can't buy options for more than 200 USD or 2000 Bahts at a time.

2.5. Closed positions

2.5.1. Closing trading position occurs at the current price.

2.6. Inactive dormant accounts. The Customer acknowledges and confirms that any trading account(s) held with SiamOption where the Customer has not:

2.6.1. placed a trade;

2.6.2. opened or closed any trading positions; and/or

2.6.3. made a deposit into the Customer’s trading account for a period of 90 days or more, will be classified by SiamOption as an Inactive Account (“Inactive Account”). While the Customer has an account and completes any of the following actions:

2.6.4. placed a trade;

2.6.5. opened or closed any trading positions; and/or

2.6.6. made a deposit into the Customer’s trading account; the account will be classified by SiamOption as an Active Account ("Active Account"). The Customer further agrees that Inactive Accounts, holding zero balance/equity, may become Dormant ("Dormant Account") and thereby inaccessible. For re-activation of Dormant Accounts, the Customer must contact the SiamOption Customer Support Department and inform them of the Customer's wish to reactivate the Dormant Account. The Customer’s Dormant Account will then be reactivated and become the Active Account. However, if the Customer subsequently has not completed the following actions with the Active Account:

2.6.7. placed a trade;

2.6.8. opened or closed any trading positions; and/or

2.6.9. made a deposit into the Customer’s trading account for a period of 90 days and more, then this account will once again become a Dormant Account.

2.7. OTC Assets

2.7.1. OTC Asset or over the counter is an asset that traded out of the regular market.

2.7.2. OTC price is formed from orders in the brokerage server ("Blackpool").

2.7.3. The Client acknowledges that by making deals on such assets, he understands the essence of work of such assets and the pricing algorithm of them.

2.7.4. The Client acknowledges that by making trade deals on such assets, he admits that the only reliable source of quoting information is the Company's servers.

2.8. Fraud.

The Company has zero tolerance for any fraudulent activities and will ban any clients accounts if it discovers fraud schemes such as:

2.8.1. Fraud associated with deceitful practices, usage of malicious software, bots and vulnerabilities in the Company’s web-site;

2.8.2. Fraud associated with usage of stolen, cloned or illegally obtained credit or debit cards to top up an account and other ways to remit a balance that does not belong to the Client;

2.8.3. Fraud associated with participation in criminal activities, money laundering or other activities that may entail criminal liability;

2.8.4. Criminal intentions or participating in criminal deals with other users of the web-site;

2.8.5. Fraud associated with usage of software for false trading results;

2.8.6. Fraud associated with errors and system failures for false trading results;

2.8.7. Fraud associated with creating multiple accounts. It is prohibited to use accounts owned by others or opened not in your name. If the Client tries to open an account using not its real name or open another account instead of a blocked one, then all these accounts may be blocked.

2.8.8. The Company uses all legal ways to detect fraudulent activities and their direct participants. Measures will be taken against all these individuals. We are not responsible for any loss or damage that other Clients may experience as a result of fraudulent actions. In such cases, all sorts of appropriate actions remain at our discretion.

2.8.9. The Client should notify us in a case of any suspicion of fraudulent activities from other Clients.

2.8.10. The Company reserves the right to ban or restrict access to the web-site and block the accounts of those who will be suspected of any fraudulent activities without prior notice and without the possibility of further money withdrawal and/ or is entitled to terminate the Contract. Any funds remaining on banned accounts will not be compensated to Clients. We also will report about illegal activities to law enforcement authorities. The Clients are required to cooperate with us in the investigation of such cases.

2.8.11. The Company has the right to cancel or suspend withdrawal of funds associated with bonus funds in case we have any suspicion that the Client deliberately abuses them.

2.8.12. It is forbidden to use any services or software to perform illegal actions or transactions in accordance with the laws of a particular jurisdiction. If such actions become evident, the Company may suspend or block the Client’s account and withhold funds. In such cases, the Client has not right to assert any claim.

2.8.13. The Company has the right to cancel or limit any stakes in order to prevent cheating.

2.8.14. If the Client used funds received into its account in error to trade, then we may cancel these deals and any profit generated with them. If such profits were withdrawn, then these amounts should be considered as given to trust management to the Client and the Client is obliged to return them upon request.

2.8.15. The Company assumes no liability for losses, including loss of winnings because of errors from the part of the Company or the Client.

2.8.16. Usage of any system bugs for generating dishonest profits is prohibited. The Client is obliged to report to the Company about all bugs or abnormal behavior of the web-site and not use it for making profits. If it becomes evident that the Client discovered a bug and took advantage of it for gaining additional profits, then its account may me blocked without any compensation.

2.8.17. Usage of any software for making bets or automated trading is prohibited. If it becomes evident that the Client uses such software, then its account may be blocked without any compensation.

REFERRAL PROGRAM TERMS & CONDITIONS

The Referral program Terms and Conditions (hereafter Terms and Conditions) below constitutes a legal agreement between the Referral program participant as the "Referrer" and SiamOption (Hereafter "Company"), who operates the domain and website siamoption.com (hereafter "Website"). The Program allows the Referrer to promote the Company's referral program and receive a Referral Bonus based on the below Terms and Conditions.

1. Definitions and Interpretation

In these Referral program Terms and Conditions, the following words shall have the meaning respectively ascribed to them:

  • "Referrer" means a Client who participates in the Program by referring eligible Friends to become Clients.
  • "Referred Friend" means a person who is not an existing Client of the Company and who has given his/her approval and whom the Referrer has referred through the Program.
  • "Program" means the Referral program.
2. Period of Validity

The duration of the promotion is unlimited. SiamOption reserves the right to modify, suspend, or terminate the referral program at any time without prior notification to the participants.

3. Eligibility Criteria

To participate in the promotion, your Friend is required to:

  • Register a trading account for the first time through your existing Client’s referral link, which can be found on the Company’s website in the Client’s profile section.
  • Get its ID verified.
  • Make the first one-time deposit amounting to 1000 Baht or more during seven days after the date of registration.

Referral Bonus for Referred Friends is available for Clients who have new accounts and existing accounts.

4. Terms to qualify for the Referral program
  • The Referral Bonus given to the Referrer will be deposited in the user account of the Referrer when all the requirements are met. The Referral Bonus amount is mentioned in the profile section in the Client’s area. The Referral Bonus for the Referred Friend will only be credited to the Referrer’s trading account and the Referred Friend’s account after the identification documents of the Referred Friend are verified.
  • The Referred Friend should make a deposit during seven days. If the amount of the first deposit is less than 1000 Baht or it is made in more than seven days, then the bonus will not be applied.
  • The Referral Bonus is credited to accounts as bonus funds.
5. General Terms
  • The Referrer and the Referred friend shall receive the Referral Bonus in a case where the Referred Friend has been verified and made the first deposit in the amount of 1000 Baht or more.
  • The Referral Bonus will be available on the Referrer’s trading account within 24 (twenty-four) hours from the moment the Referred Friend’s account is verified and the required deposit is made.
  • The Referral Bonus will be given in the currency of each Referrer’s account as bonus funds.
  • There is no limit on the number of the Referral program Referral Bonuses you may receive, subject to these terms and conditions. It is hereby clarified that the Referral program will be granted once per Referred Friend.
  • The Referral Bonus is not and should not be considered as a deposit
  • Indication of fraud, manipulation, Referral Bonus abuse, or any other forms of deceitful and/or fraudulent activity based on the provision of the Referral Bonus may nullify the accounts and any and/or all profits and/or losses garnered and the Referrer shall not receive the Referral Bonus – this is to be decided at the sole discretion of the Company. The Company also reserves the right to nullify any bonus funds without explaining reasons.
  • The Referrer may not register itself as the Referred friend. If the Company has any evidence that such actions are presented, it will be classified as fraud and all accounts of the violators will be blocked.
  • The Referred Friend can not trade using bonus funds until he verifies its account and makes the required deposit.
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