1.1 Account Opening – The Client may apply for an account through the Company’s website and the Company will accept such an application creating the “Investment Account”, under the following terms: (i) the Company has received confirmation that the Client has agreed to enter into this Agreement (such confirmation can be made by clicking “Start Now” button or link on the Company’s website (the “Website”), followed by a completed application form (if applicable) and all other Client information, the provision of which may be required by the Company. The Client confirms that Client’s information is full, accurate and complete. If there is a change in the information provided by the Client, the Client must notify the Company immediately.
1.2 Usage of the Trading Platform Usage of the Trading Platform is made through the Account by a limited license provided by the Company to the Client. The license is personal, non-transferable and is for persons who are older than 18 years old (or older legal age, if the law applicable to the Client’s jurisdictions requires a higher legal age) and subject to this Agreement. The Client will not transfer, assign, or enable other to make any use of the license, and/or give the Client’s access codes to the Investment Account to anyone. Any damage caused to the Client, the Company and any third party due to breach of this Agreement by Client, shall be under the Client’s sole responsibility.
1.3 Activation of the Investment Account – The Account will be activated by the Company as soon as the Company has identified the funds credited by the Client to the Investment Account. The Company may activate the Investment Account and permit trading in the Investment Account subject to such limitations, and to the satisfaction of such further requirements as the Company may impose. Where a Investment Account is not activated or is frozen, no funds held by the Company in respect of that Investment Account may be transferred back or to any other person until the Company is satisfied that all Applicable Regulations have been complied with.
1.4 The Company may act, according to the Company’s sole discretion, as principal or as agent on the Client’s behalf in relation to any Transaction entered into pursuant to the Agreement. Therefore the Company may act as the counter party to the Client’s trading activity. The Client confirms that it acts as the sole principal and not as agent or trustee on behalf of someone else.
1.5 The Client hereby represents and warrants that his engagement with the Company in this Agreement and his use of the Company’s services are in full compliance with the law applicable to the Client.
2.1 The Trading Platform enables Cryptocurrency Options trading in exchange rates of different currencies, commodities, and any other financial instruments made available by the Company. The Trading Platform displays indicative quotes of exchange rates of different financial instruments pairs, based on different financial information systems, as the most updated exchange rates in the international capital markets. For determining the quotes for different time periods, the platform makes mathematical calculations according to known and accepted capital markets formulas. It is acknowledged by both Parties that due to different calculation methods and other circumstances, different trading platforms and/or markets may display different price quotes.
2.2 The Client will receive a predetermined pay-out if their Cryptocurrency option transaction expires in-the-money, and he will lose a predetermined amount of his investment on the Transaction if the option expires out-of-the-money. The predetermined amounts are a derivative of the collateral invested in the transaction by the Client, and will be published on the Trading Platform. The degree to which the option is in-the-money or out-of-the-money does not matter as it does with traditional options.
2.3 The Client authorizes the Company to rely and act on any order, request, instruction or other communication given or made (or purporting to be given or made) by the Client or any person authorized on the Client’s behalf, without further inquiry on the part of the Company as to the authenticity, genuineness authority or identity of the person giving or purporting to give such order, request, instruction or other communication. The Client will be responsible for and will be bound by all obligations entered into or assumed by the Company on behalf of the Client in consequence of or in connection with such orders, requests, instructions or other communication.