Predict price movements and get profit on ups and downs
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.
3.1. 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;
4.2.10. 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 SiamPay Ltd 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.
2.1. 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. In the event that the Company discovers fraud schemes such as:
2.8.1. Fraud associated with credit card transactions and other ways to remit a balance that does not belong to the Client;
2.8.2. Fraud associated with usage of software for false trading results;
2.8.3. Fraud associated with errors and system failures for false trading results;
2.8.4. In case of reasonable suspicion of the Company about the fraud scheme mentioned above, the Company is entitled to block the Customer's account without prior notice and without the possibility of further money withdrawal and/ or is entitled to terminate the Contract in accordance with the clause 3 of the Contract.
Predict price movements and get profit on ups and downs