Terms of Service
By registering with Binary Basis and using Binary Basis services, including trading signals purchase, use of signals on a free of charge basis and transfer of trading accounts under the management of Binary Basis traders you confirm and acknowledge that you have read these Terms of service, understand its content and agree to be bound by it.
Binary Basis collects personal data on its site and clients provide personal data knowingly and voluntarily. The personal data includes name, email address, Skype, phone and country of residence. We confirm that we do not sell, exchange, transfer or give your personal data to any third parties. We insure protection of your personal information by implementing high level security measures. Personal data can be disclosed under the following circumstances: a) if such actions are required by law; b) to protect your rights; 3) to enforce our company policies, accepted by the client.
THIRD PARTY LINKS AND INFORMATION
Binary Basis website contains hyperlinks to other websites in the Internet. Clients use such hyperlinks at their own risk. These third party sites have their own Terms and conditions, and Binary Basis is not responsible for the content or activities of these third party sites.
PRICES AND REFUND POLICY
Binary Basis prices are quoted in US Dollars. Binary Basis shall not refund any full or partial payments made online by credit/debit card charges or other payment methods for used or unused services purchased by the customer. You agree not to ask, dispute or claim refund for the charges of the services you purchased from us, with your bank, bank credit card issuer or the payment processing company. By submitting payment you are indicating that you fully accept the terms of no refunds therefore no refunds shall be offered and all attempted charge backs will be reported to the appropriate legal body.
LIMITATION OF LIABILITY
The services of Binary Basis are provided to individuals above 18 years of age who have the capacity to perform legally binding contracts pursuant to applicable laws in their country of residence. If you are not legally capable of executing contracts or if you are under 18 years of age, you may not use our services. Our services are available only to persons who have the capability to evaluate the benefits and risks of executing financial contracts without relying entirely on the information provided by this site. Binary Basis shall not be responsible for any unauthorized or illegal use of its services in any manner. The company shall not be held accountable for any damage or loss you might incur as a result of the insufficiency of your knowledge or experience. Binary options trading is highly speculative. It involves risks and clients shall understand that differences in market prices and fluctuations can happen at times and result in high profits or losses. Binary Basis hereby confirms that it is not and shall not be responsible in any way for the accuracy of any information on this website regardless of whether it is published by Binary Basis or third parties. Binary Basis recommends that prior to executing any actions or contracts related to Binary Basis service, you must study and confirm all the information you get from this website through independent sources to ensure that these are satisfactory. You are fully aware that trading binary options, you run the risk of losing money and that you are fully responsible for any loss you might incur when acquiring financial contracts by means of the Binary Basis services. You also understand that it is at your sole discretion and risk to use the services offered by Binary Basis. In this regard, you agree to have no claims whatsoever against Binary Basis or any of its partners, officers, directors or employees for any loss you might incur. Binary Basis shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation loss of investment or loss of revenues. Binary Basis assumes no responsibility for errors, inaccuracies or omissions in all information provided and does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within all materials provided by the company. No information on the website of Binary Basis should be regarded as an offer or solicitation to sell the products or services to person in any jurisdiction in which it would be unlawful for the Binary Basis to make such offer or solicitation. It is the responsibility of those accessing the web-site to ensure that they are aware of all relevant restrictions which apply to them in their country of residence. No representation is being made that any account will achieve certain amount of profits or losses similar to those published on this website. The past performance is not indicative of future results.
MANAGED ACCOUNTS. ACCOUNT MANAGEMENT AGREEMENT
This Agreement contains all of the oral and written agreements and all of the representations and arrangements between the parties hereto, and any rights which the parties may have had under any previous contracts or oral arrangements are hereby cancelled and terminated, and no representations or warranties are made or implied other than those expressly set forth herein. By registering with Binary Basis and using Binary Basis services including transferring trading accounts under the management of Binary Basis the Client confirms and acknowledges that he/she has read the Account management agreement, understands its content and agrees to be bound by it.
Managed accounts are accounts managed by Binary Basis. Clients authorizes Binary Basis to place trades on their trading accounts opened with third party trading companies (binary options platforms) during the agreed term of contract.
The Client understands and agrees that he/she will not be able to place trades on his/her Managed account and request withdrawals during the Managed account term of contract.
The Client understands his right to monitor trading activities taking place on his account.
With respect to the payment of income taxes, the parties agree that the Client is solely responsible for payment of all taxes applicable in the country of his/her residence.
OBLIGATIONS OF THE COMPANY:
The Company shall render the following services and shall perform the following duties for the Client in a faithful, diligent and efficient manner:
The Company shall use its best efforts at all times during the term of this Agreement to operate and maintain the Account according to the highest standards achievable consistent with the overall investment plan of the Client.
The Company undertakes to place up to 20 trades (3rd and 2nd level accounts) or 25 trades (1st level account) on the Client’s Account every business day;
Managed accounts come with a withdrawal restriction periods specified on the Binary Basis web-site;
Managed account management fee is 7% (3rd level account) or 11% (2nd level account) or 15% (1st level account) of the generated by Binary Basis profit deductible at the end of the contract.
INDEMNIFICATION. . The Client shall indemnify, defend and hold harmless the Company from and against any and all claims, demands, liabilities, costs (including, without limitation, the cost of litigation and attorney’s fees), damages and causes of action, of any nature whatsoever which arise out of or are incidental to the account management agreement and which are based on or attributable to the Client (i) negligence, fraud, deceptive practices, deceit or willful misconduct, or (ii) breach of any provision of this Agreement . The indemnification rights herein contained shall be cumulative of, and in addition to, any and all rights, remedies and recourse to which the Company shall be entitled, whether pursuant to some other provision of this Agreement, at law or in equity.
INVALIDITY OF PROVISIONS.The invalidity or an enforceability of any particular provision of this Agreement shall not affect the other provisions hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provisions were omitted.
FORCE MAJEURE. A party shall not be liable for any failure of or delay in the performance of this Agreement for the period that such failure or delay is due to causes beyond its reasonable control, including but not limited to acts of god, war, strikes or labor disputes, embargoes, government orders, sabotage, terrorism, vandalism, malicious acts of third parties, restraint of government, injunctions, any breakdown or failure of transmission, communication or computer facilities, interruption of power supply, or electronic or communications equipment failure, or failure of any relevant supplier, financial Institution, intermediate broker, agent or principal, clearing house or regulatory or self-regulatory organization, for any reason, to perform its obligations, or any other force majeure event.
TERM OF AGREEMENT. This Agreement shall be effective for a period of 8 months for 3rd level account or 9 month for 2nd level account or 10 months for 1st level account from the Effective Date.
THE EFFECTIVE DATE. The effective date is the date when Binary Basis begins placing trades on the Client’s account under this Account management agreement.