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Terms & Conditions
1. General
The following describes the terms and conditions upon which GOptions offers access to its Website to you the customer ("you") and the use of its services (the "Agreement").This Agreement describes the terms, conditions and risks applicable to your use of our services available under the domain of www.GOptions.com (the "Site"). If you have any questions regarding this Agreement please contact Customer Support.
You must read, agree with and accept all of the terms and conditions contained in this Agreement without modifications, which include those terms and conditions expressly set forth below and those incorporated by reference, before you may become a customer of GOptions. By continuing to access or use the Site, you agree to follow the terms and conditions of this Agreement as they may apply to you.
2. Online Services Agreement
This Agreement is made by and between GOptions and you.
This Agreement applies to both the Site and trading platform, as well as to the electronic content and or software currently contained on the Site that supplies the customer with real time information about the exchange rate of some currencies, as well as with the program facilities for executing trading transactions in the foreign exchange market via the web, phone or fax, and any other features, content or services that GOptions may add in the future (the "Services").
3. Membership Eligibility
The Services are available to and may only be used by individuals or companies who can form legally binding contracts under the law applicable to their country of residence. Without limiting the foregoing, our Services are not available to persons under the age of 18 or otherwise under legal age ("Minors"). If you are a Minor, you may not use this service. IF YOU DO NOT QUALIFY, PLEASE DO NOT USE OUR SITE.
For avoidance of doubt, we shall not be responsible for any unauthorized use by Minors of our Services in any way or manner.
Furthermore, our Services are available only to, and may only be used by individuals who have sufficient experience and knowledge in financial matters to be capable of evaluating the merits and risks of acquiring financial contracts via this Site and have done so without relying on any information contained in this Site. You shall bear sole responsibility for any decision made and/or to be made by you relying on the content of the Site.
Without limiting the foregoing, our Services are not available where they are illegal to use, and GOptions reserves the right to refuse and/or cancel Services to anyone at its own discretion.
4. Registration Information and Requirements
When you register for the service, GOptions will ask you to provide certain identifying information.
You are responsible for securing your User name and Password for your account with GOptions. You hold sole responsibility for any damage caused due to any act or omission by you causing inappropriate or irregular use of your account.
You agree to provide true, accurate, current and complete information about yourself during the registration process, and you also agree not to impersonate any person or entity, misrepresent any affiliation with another person, entity or association, use false headers or otherwise conceal your identity from GOptions for any purpose. If you are registering as or for a business entity, you hereby declare that you have the authority to bind that entity to this Agreement.
GOptions will treat with care the information you entrust to it, in accordance with the disclosures it provides during the registration process and in its Privacy Policy.
5. Legal Restrictions
Without limiting the foregoing, you understand that laws regarding financial contracts vary throughout the world, and it is your obligation alone to ensure that you fully comply with any law, regulation or directive, relevant to your country of residency with regards to the use of the Site. For avoidance of doubt, the ability to access our Site does not necessarily mean that our Services, and/or your activities through it, are legal under the laws, regulations or directives relevant to your country of residency.
You hereby declare that the moneys invested in your account with GOptions do not originate from drug trafficking, abduction, or any other criminal or illegal activity.
6. Limited License
GOptions grants you a non-exclusive, non-transferable and limited personal license to access and use the Site (the "License"). The License is conditioned on your continued compliance with the terms and conditions of this Agreement.
You agree not to resell or permit access of the Site to others, and not to copy any materials appearing on the Site for resale or for any other purpose to others without the prior written consent of GOptions.
For avoidance of doubt, you shall be responsible and bound by any unauthorized use of the Site, made in breach of this section.
You
agree to use the information received from the information systems of GOptions for the sole purpose of executing transactions inside and within the
Site.
You further agree not to use any electronic communication feature of a Service on the Site for any purpose that is unlawful, tortuous, abusive, intrusive on anther's privacy, harassing, libelous, defamatory, embarrassing, obscene, threatening or hateful.
Upon such violation, you agree to
cease accessing Services. You agree that GOptions, at its sole discretion and
with or without notice, may terminate your access to any or all
Services, close your open transaction and remove and discard any
information or content within a Service. Negation of profits and losses due to infractions of this agreement will be employed.
You agree to use the Site at your own risk.
Without limiting the foregoing, the Services contained within this Site are suitable only for customers who are able to bear the loss of all the money they invest, and who understand the risks and have experience in taking risks involved in financial markets.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with digital options trading, and seek advice from an independent financial advisory if you have any doubts.
8. Financial Information
GOptions may make available to you through one or more of its Services a broad range of financial information that is generated internally or obtained from agents, vendors or partners ("Third Party Providers"). This includes, but is not limited to, financial market data, quotes, news, analyst opinions and research reports, graphs or data ("Financial Information").
Financial Information provided on this
Site is not intended as investment advice. GOptions does not endorse or
approve the Financial Information, and we make it available to you only
as a service for your own convenience. GOptions and its Third Party Providers
do not guarantee the accuracy, timeliness, completeness or correct
sequencing of the Financial Information, or warrant any results from
your use or reliance on the Financial Information.
It is your duty to verify the reliability of the information on the Site and its suitability to your needs. We exclude any liability for any claim, loss or damage of any kind allegedly caused by information presented on the Site or referred to by the Site.
9. Links
GOptions may provide a link to other sites that are controlled or offered by third parties. Such link to a site or sites is not an endorsement, authorization, sponsorship or affiliation with respect to such site, its owners or its providers.
GOptions cautions you to ensure that you understand the risks involved in using such sites before retrieving, using, relying upon or purchasing anything via the Internet.
Links to these Websites are provided solely for your convenience, and you agree that under no circumstances will you hold GOptions liable for any loss or damage caused by use of or reliance on any content, goods or services available on other sites.
10. Trading Cancellation
GOptions reserves the right in its sole discretion to refuse, cancel the Services, and/or refuse to distribute profits to anyone for any legitimate reason including, but not limited to:
• any instance when GOptions has cause to believe that a person's activities on the site may be illegal;
•
any instance where one or more transactions on the Site are judged by GOptions to have been performed in violation of this Agreement.
GOptions's finance department handles all withdrawal requests submitted. Identification documents must be submitted in order to process a withdrawal within 1 week of opening the account. This will insure that the account is compliant and up the standards of our KYC and AML policies, as required by law.
Once a withdrawal request is submitted it can take GOptions up to 3 business days to process the request, unless the account was verified according to the condition explained above (within the 1st week of opening the account in which case the withdrawal will be guaranteed to be processed same day assuming the request was provided Monday through Friday between 8am-6pm GMT). Once the request has been approved please allow an additional 5-7 days for the funds to show in your account.
GOptions reserves the rights to charge an additional $10 for a withdrawal of any kind if the account has laid dormant for 1 month or more since being opened whereby not one trade was opened since opening and funding the account. The $10 fee will be on each and every withdrawal required by the company in order to complete the request. If the customer used 2 credit card deposits or more, each of those deposits will be credited back to the customer, less the $10 fee for each.
In the event where Clients wish to withdraw their balance without having traded on the platform will be subject to up to 7% handling fees which would be determined at the Company’s sole discretion.
12. GOptions Bonus Policy
GOptions offers a number of attractive reward features to its new and regular customers. Bonuses and one time trading credits rewarded to customers are part of GOptions's promotions program. These bonuses are limited time offers and the terms and conditions associated with any bonus rewards are subject to change.
The withdrawal of funds from an account can not be completed until the bonus conditions have been satisfied.
Any indication of fraud, manipulation, cash-back arbitrage, or other forms of deceitful or fraudulent activity based on the provision of the bonus will nullify the account and any and all profits or losses garnered.
Further to the above, it is agreed that as a precaution and due to the need for fraud protection, no withdrawal of any amount from the account will be allowed until the bonus volume requirement has been met if the bonus provided exceeded 25% of the deposited amount. This includes both the funds of the customer and the bonus provided. It is therefore the rsit of the company to refuse a withdrawal of customer funds IF said requirements have not been met. The company, can from time to time decide to allow a withdrawal, if it sees fit to do so, but is under no obligation to fulfill this request if the customer agrees to the terms and conditions of the bonus.
13. REFER A FRIEND
You will be entitled to receive the Refer a Friend Bonus (the "RF Bonus") if:
(i)
Following a referral by you of a friend to GOptions (in accordance with the
referral procedure of GOptions) , the friend opens a user account with GOptions,
deposits at least USD 200 in his account and performs a trade via the
Site; provided that the friend never had a user account with GOptions (such a
friend will be deemed a "Friend"), and (ii) Prior to the Friend opening
an account with GOptions, you had a valid user account with GOptions, deposited
USD 200 (at least) in your account with GOptions and performed a trade via
the Site.
The sum of the Bonus will be USD 50 that will be deposited in the user accounts of both the Referee and the Friend. Each of the Referee and the Friend will be allowed to redeem the Bonus for withdrawal purposes only after making trades in the volume of at least 30 (thirty) times the sum of the Bonus.
If you are entitled to receive the RF Bonus, the Friend will be entitled to receive an RF Bonus as well.
If
either you or the Friend are entitled to receive any other bonus, prize
or benefit from GOptions in connection with the activities that give rise to
the entitlement to the RF Bonus, then you and the Friend will receive
the higher of the RF Bonus or the other bonus, prize or benefit – to be
decided at the sole discretion of GOptions.
If,
at any time before you or the Friend receive the RF Bonus, your or the
Friend's account with GOptions at the Site is closed, blocked, or
self-excluded from promotional offers, neither the Friend nor you will
be eligible for any RF Bonus.
The
sum of the RF Bonus will be USD 50 that will be deposited in the user
accounts of you and the Friend. You and the Friend will receive the RF
Bonus in your user accounts within two business days from the date in
which you are entitled to receive the RF Bonus in accordance with these
terms and conditions.
There is no limit on the number of RF Bonuses you may receive, subject to these terms and conditions.
For the avoidance of doubt, it is hereby clarified that an RF Bonus will be granted once per Friend.
GOptions's
decision is final on all matters relating to the awarding of the RF
Bonus and shall not be subject to review or appeal by you or any third
party.
The provisions of article 12 of these terms and conditions apply to the RF Bonus as well.
14. Limited Liability
We undertake to supply steady Services on the Site. However, we assume no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction or unauthorized access to, or alteration of, the Site or Services. We are not responsible for any problems or technical malfunction of any telephone network or lines, computer online systems, servers or providers, hardware, software, failure due to technical problems or traffic congestion on the Internet or on any of the Site or Services.
To the maximum extent permitted by applicable law, under no circumstances shall we be responsible for any loss or damage resulting from use of the Site or Services, from any content posted on or through the Site or Services, or from the conduct of any users of the Site or Services, whether online or offline.
IN NO EVENT SHALL GOptions OR ANY OF ITS OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE TO YOU FOR ANY DAMAGES WHATSOEVER, INCLUDING WITHOUT LIMITATION INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF THE SITE OR SERVICES, INCLUDING BUT NOT LIMITED TO THE QUALITY, ACCURACY, OR UTILITY OF THE INFORMATION PROVIDED AS PART OF OR THROUGH THE SITE OR FOR ANY INVESTMENT DECISIONS MADE ON THE BASIS OF SUCH INFORMATION, WHETHER THE DAMAGES ARE FORESEEABLE AND WHETHER OR NOT GOptions HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
THE FOREGOING LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION AND IN NO EVENT SHALL GOptions CUMULATIVE LIABILITY TO YOU EXCEED THE AMOUNT OF MONEY YOU TRANSFERRED OR DEPOSITED IN YOUR ACCOUNT ON THE SITE IN RELATION TO THE TRANSACTION GIVING RISE TO SUCH LIABILITY.
No person shall abuse this site for the purpose of money laundering. GOptions employs best-practice anti-money laundering (AML) procedures. GOptions reserves the right to refuse to do business with, to discontinue to do business with, and to reverse the transactions of, customers who do not accept or conform to the following AML requirements and policies:
• Winnings will only be paid to the individual who initially registered to open a live account.
• When a customer maintains an account by means of telegraphic deposits, winnings will only be distributed to the holder of the originating bank account. When making deposits in this manner, it is the responsibility of the live trader to ensure that the trader’s account number and registered name of the account owner accompany all transfers to GOptions.
• When a customer funds an account by means of credit/debit card deposits, winnings will only be distributed to the individual whose name appears on the card used to make the deposit and only be paid back to the same card
• Only one account is allowed per person. No winnings may be collected on accounts opened in false names or on multiple accounts opened by the same person.
• GOptions may, from time to time, at its sole discretion, require a customer to provide additional proof of identity such as notarized copy of passport or other means of identity verification as it deems required under the circumstances and may at its sole discretion suspend an account until such proof has been provided to its satisfaction
All content, trademarks, services marks, trade names, logos and icons are the property of GOptions or its affiliates or agents and are protected by copyright laws and international treaties and provisions.
You agree not to delete any copyright notices or other indications of protected intellectual property rights from materials that you print or download from the Site. You will not obtain any intellectual property rights in, or any right or license to use such materials or the Site, other than as set out in this Agreement.
Images displayed on the Site are either the property of GOptions or used with permission. You agree not to upload, post, reproduce or distribute any information, software or other material protected by copyright or any other intellectual property right (as well as rights of publicity and privacy) without first obtaining the permission of the owner of such rights and the prior written consent of GOptions.
You
agree to defend and indemnify GOptions and its officers, directors,
employees, and agents and to hold them harmless from and against any and
all claims, liabilities, damages, losses, and expenses, including
without limitation reasonable attorney's fees and costs, arising out of
or in any way connected with (i) your access to or use of the Site or
Services; (ii) your violation of any of the terms of this Agreement; or
(iii) your breach of any applicable laws or regulations.
The term of the Agreement shall be unlimited, however GOptions will be allowed to terminate this Agreement at any time by notice to you. As of termination, you shall not be able to carry out new transactions.
This Agreement shall be governed by and interpreted in accordance with the laws of the British Virgin Islands excluding that body of law pertaining to conflict of laws. Any legal action or proceeding arising under this Agreement will be brought exclusively in courts located in the British Virgin Islands, and the parties hereby irrevocably consent to the personal jurisdiction and venue therein.
GOptions will not be liable in any way to any persons in the event of force major, or for the act of any government or legal authority.
The failure of a party to enforce any right or provision
of this Agreement will not be deemed a waiver of such right or
provision.
GOptions may amend the terms of this Agreement from time to time by posting the amended terms on the Site. You are responsible for checking whether the Agreement was amended. Any amendment shall come into force as of the day it was published on the Site. If you do not agree to be bound by the changes to the terms and conditions of this Agreement, do not use or access our Services, and inform us in writing immediately.
20. Promotions
GOptions, from time to time, will have ongoing promotions advertised both on and off the site. It is understood as fact that any promotion resulting in a rebate, cash-back or other return of funds into the account as cash will be as a percent of the deposit value.
If GOptions provides a customer a promotion whereby the client is provided a percentage of losses once per month returned ("10% safety net" promotion). The calculation for this promotion is only on the invested capital and as such does not include bonus funds. The promotion will be based on a max payout of 10% of the invested capital lost only.
From time to time, GOptions may provide a trader with improved conditions of trading including but not limited a higher payout on options that are deemed in the money or winners (ITM). It is agreed that any payout to this end and for this promotion in any given month shall never and under no circumstance, regardless of volume amounts of ITM trades, be a payout of cash greater than the improved payout % provided to the trader multiplied by the capital invested at the outset of said month. If then volume on the asset provided for with a greater payout % surpasses the capital (excluding any bonus) then the calculation with be based on the the lower of the two and as such the deposit amount will be the cap.