Binary.com Introducing Broker (IB) Programme
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All Clients and prospective Clients should read carefully the following risk disclosure and warnings contained in this document, before applying to the Company for a trading account and before they begin to trade with the Company.
However, it is noted that this document cannot and does not disclose or explain all of the risks and other significant aspects involved in dealing in Binary Options. The notice was designed to explain in general terms the nature of the risks involved when dealing in Binary Options on a fair and non-misleading basis. The Company will not provide the Client with any advice relating to Binary Options, the underlying assets and markets or make investment recommendations of any kind.
So, if the Client does not understand the risks involved he should seek advice and consultation from an independent financial advisor. If the Client still does not understand the risks involved in trading in Binary Options, he should not trade at all. Some such risks include:. This will have a direct impact on the Clients profits and losses. Understanding the volatility of an underlying market will help guide the Client how to trade and how much he is willing to lose.
Various factors can lead to binarycom les banques et les informations sur la societecom for example, economic events or market announcements and gapping can occur both when the underlying market is open and when it is closed.
When these factors occur while the underlying market is closed, the price of the underlying market when it reopens and therefore our derived price can be markedly different from the closing price, with no opportunity to close your trade in-between. It is understood that the Client has no rights or obligations in respect of the underlying instruments or assets relating to the Binary Options he is trading. The prices and other conditions are based on complex arithmetic calculations.
Binary options trading can only be settled in cash and there is no delivery of the underlying asset. Before the Client begins to trade, he should obtain details of any charges for which the Client will be liable. As such, they may not directly correspond to real time market levels at the point in time at which the sale of Binary Options occurs. The Company may pass money received from the Client to a third party e. The Company has no responsibility for any binarycom les banques et les informations sur la societecom or omissions of any third party to whom it will pass money received from the Client.
In the event of the insolvency or any other analogous proceedings in relation to that third party, the Company may only have an unsecured claim against the third party on behalf of the Client, and the Client will be exposed to the risk that the money received by the Company from the third party is insufficient to satisfy the claims of the Client with claims in respect of the relevant account.
The Company does not accept any liability or responsibility for any resulting losses. The legal and regulatory regime applying to any such bank or person will be different from that of Cyprus and in the event of the insolvency or any other analogous proceedings in relation to that bank or person, the Client money may be treated differently from the treatment which would apply if the money was held with a bank in an account in Cyprus.
The Company will not be liable for the insolvency, acts or omissions of any binarycom les banques et les informations sur la societecom party referred to in this paragraph. The Company may deposit Client money binarycom les banques et les informations sur la societecom a third party who may have a security interest, lien or right of set-off in relation to that money. The Client and not the Company shall be responsible for the risks of financial losses caused by failure, malfunction, interruption, disconnection or malicious actions of information, communication, electricity, electronic or other systems.
If the Client undertakes transactions on an electronic system, he will be exposed to risks associated with the system including the failure of hardware, software, servers, communication lines and internet failure. The result of any such failure may be that his order is either not executed according to his instructions or it is not executed at all. The Company does not accept any liability in the case of such a failure.
The Company has no responsibility if unauthorized third persons have access binarycom les banques et les informations sur la societecom information, including electronic addresses, electronic communication and personal data, access data when the above are transmitted between the Company or any other party, using the internet or other network communication facilities, telephone, or any binarycom les banques et les informations sur la societecom electronic means.
The Client acknowledges that the unencrypted information transmitted by e-mail is not protected from any unauthorized access.
The Client is warned that when trading in an electronic platform he assumes risk of financial loss which may be a consequence of amongst other things:. In connection with the use of computer equipment and data and voice communication networks, the Client bears the following risks amongst other risks in which cases the Company has no liability of any resulting loss:.
The Client acknowledges that only one Instruction is allowed to be in the queue at one time. Quotes Base in the Client Terminal is not a reliable source of Quotes Flow information because the connection between the Client Terminal and the Server may be disrupted at some point and some of the Quotes simply may not reach the Client Terminal.
Certain clients will be entitled to compensation under the Investor Compensation Fund where the Company fails. Compensation shall not exceed twenty thousand Euro EUR The Company will not advise the Client about the merits of a particular Transaction or give him any form of investment advice and the Client acknowledges that the Services do not include the provision of investment advice in Binary Options or binarycom les banques et les informations sur la societecom Underlying Markets.
The Client alone will enter into Transactions and take relevant decisions based on his own judgement. In asking the Company to enter into any Transaction, the Client represents that he has been solely responsible for making his own independent appraisal and investigation into the risks of the Transaction. He represents that he has sufficient knowledge, market sophistication, professional advice and experience to make his own evaluation binarycom les banques et les informations sur la societecom the merits and risks of any Transaction.
The Company gives no warranty as to the suitability of the products traded under this Agreement and assumes no fiduciary duty in its relations with the Client. The Company will not be under any duty to provide the Client with any legal, tax or other advice relating to any Transaction. The Client should seek independent expert advice if he is in any doubt as to whether he may incur any tax liabilities. The Client is hereby warned that tax laws are subject to change from time to time.
The Company may, from time to time and at its discretion, provide the Client or in newsletters which it may post on its Website or provide to subscribers binarycom les banques et les informations sur la societecom its Website or the Trading Platform or otherwise with information, recommendations, news, market commentary or other information but not as a service. Where it does so:. The Company does not make representations as to the time of receipt by the Client and cannot guarantee that he will receive such information at the same time as other clients.
It is understood that market commentary, news, or other information provided or made available by the Company are subject to change and may be withdrawn at any time without notice. The Company provides no guarantees of profit nor of avoiding losses when trading in Binary Options. Customer has received no such guarantees from the Company or from any of its representatives. Customer is aware of the risks inherent in trading in Binary Options and is financially able to bear such risks and withstand any losses incurred.
Some such risks include: Charges and Taxes 3. Third Party Risks 4. The Client is warned that when trading in an electronic platform he assumes risk of financial loss which may be a consequence of amongst other things: In connection with the use of computer equipment and data and voice communication networks, the Client bears the following risks amongst other risks in which cases the Company has no liability of any resulting loss: Power cut of the equipment on the side of the Client or the provider, or communication operator including voice communication that serves the Client.
Physical damage or destruction of the communication channels used to link the Client and provider communication operatorprovider, and the trading or information server of the Client. Outage unacceptably low quality of communication via the channels used by the Client, or the channels used by the provider, or communication operator including voice communication that are used by the Client.
Wrong or inconsistent with requirements settings of the Client Terminal. Untimely update of the Client Terminal. When carrying out transactions via the telephone land or cell phone lines voice communication, the Client runs the risk of problematic dialing, when trying to reach an employee of the broker service department of the Company due to communication quality issues and communication channel loads.
The use of communication channels, hardware and software, generate the risk of non-reception of a message including text messages by the Client from the Company. Trading over the phone might be impeded by overload of connection.
Malfunction or non-operability of the trading system platformwhich also includes the Client Terminal. Force Majeure Events 8. In case of Force Binarycom les banques et les informations sur la societecom Events the Client shall accept the risk of financial loss. Investor Compensation Fund 9. Advice and Recommendations Where it does so: No Guarantees of Profit