Terms of Service

BINARY-AUTOTRADER TERMS & CONDITIONS – RISK DISCLOSURE

This SHORT statement does not disclose all of the risks and other significant aspects of Fixed Return Options (“FROS”).

BECAUSE OF THE VOLATILE NATURE OF FROs, THE PURCHASE AND SALE OF OFF FROS INVOLVE A HIGH DEGREE OF RISK.  FROs TRANSACTIONS ARE NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC.  SUCH TRANSACTIONS SHOULD BE ENTERED INTO ONLY BY PERSONS WHO HAVE CAREFULLY CONSIDERED THE RISKS INVOLVED WITH FROs.  A PERSON SHOULD NOT PURCHASE FROs UNLESS HE OR SHE IS PREPARED TO SUSTAIN A TOTAL LOSS OF THE PURCHASE PRICE.  ALL INVESTORS SHOULD READ AND UNDERSTAND THE DISCLOSURE OF RISKS RELATING TO THE TRADING OF FROs WHICH IS PROVIDED TO ALL INVESTORS IN CONNECTION WITH THE OPENING OF A TRADING ACCOUNT WITH BINARY-AUTOTRADER.

Before deciding to invest in FROs you should carefully consider your investment objectives, level of experience, and risk appetite and other circumstances. The possibility exists that you could sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You may be liable for losses that exceed the amount of margin that you post. Trading in FROs is not suitable for many members of the public. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances. In light of the risks, you should undertake such transactions only if you (the “Customer”) understand the nature of the trading into which you are about to engage and the extent of your exposure to risk.

Trading Is Very Speculative and Risky.

Trading FROs is highly speculative, involves a significant risk of loss and is not suitable for all investors but only for those customers who:

  •  understand and are willing to assume the economic, legal and other risks involved;
  • understand FROs trading and are knowledgeable about trading in FROs and in its underlying asset types; and
  •  are financially able to assume the loss of their total investment. FROs are not an appropriate investment for retirement funds.

FROs are among the riskiest types of investments and can result in the loss of your total investment. Customer represents, warrants and agrees that Customer understands these risks, is willing and able, financially and otherwise, to assume the risks of trading FROs and that the loss of Customer’s entire account balance will not change Customer’s lifestyle. Market Recommendations Are Informational, Customer Makes Independent Decisions, And We Are Not An Adviser Or A Fiduciary To Customer.

The market recommendations that we provide do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any FROs. Each decision by Customer to enter into a Contract or other transaction with us and each decision whether a Contract or other transaction is appropriate or proper for Customer is an independent decision by Customer. We are not acting as an advisor or serving as a fiduciary to Customer.

Customer agrees that we have no fiduciary duty to Customer and no liability in connection with and is not responsible for any liabilities, claims, damages, costs and expenses, including attorneys’ fees, incurred in connection with Customer following the use of Binary Auto-Trader or taking or not taking any action based upon any recommendation or information provided by us.

Recommendations Are Based On Personal Judgments And Are Not Guaranteed. Our market recommendations are based solely on the judgment of our automated binary trading software. Our market recommendations are based upon information believed to be reliable, but we cannot and do not guarantee the accuracy or completeness thereof or represent that following such recommendations will reduce or eliminate the risk inherent in FROs.

No Guarantees of Profit

There are no guarantees of profit or freedom from loss in FROs. Customer has received no such guarantees from us or from any of our representatives. Customer is aware of the risks inherent in FROs and is financially able to bear such risks and withstand any losses incurred.

Password Protection

You are obligated to keep passwords secret and ensure that third parties do not obtain access to your online account. You will be liable for trades executed by means of your password even if such use may be wrongful.

Customer May Not Be Able To Close Open Positions

Due to market conditions or other circumstances we may be unable to close out Customer’s position at the level specified by Customer, and Customer agrees that we will bear no liability for failure to do so.

Newsletters

When you signup to Binary-autotrader.com you are opting in for our newsletters. We are only sending updates about improvements of our software and services. We are not mailing you with signals or trading advice or anything of that nature. To get our signals you need to login to the site.

Auto Trading

By signing up to Binary-autotrader.com, you are allowing Binary-autotrader to automatically create broker account for you. By depositing and activating your Binary-autotrader.com trading account you are admitting and permitting Binary-autotrader.com to trade on behalf of you on one or more binary options brokers. You must set your desired investment amount. Maximum simlultaneous trades and desired expiry time. All these settings are to ensure that you do not risk losing more than you want via our services. It is your responsibility to set these and assure they are fit to your needs. We are not liable for your settings and investing money in FRO’s and binary options is highly risky.

Internet Trading

There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software and Internet connection. Since we do not control signal power, its reception or routing via Internet, configuration of Customer’s equipment or reliability of its connection, we shall not be liable for any claims, losses, damages, loss of profits, special or consequential damages, cost of procurement of substitute goods or services, costs or expenses, including attorneys’ fees, caused, directly or indirectly, by any breakdown or failure of any transmission or communication system or computer facility or trading software, whether belonging to us, Customer, any market, or any settlement or clearing system when Customer trades online (via Internet).  In addition, we are not responsible for the breach of any Internet security with respect to your Account. We have no liability or duty of indemnification related to unusable data, lost or corrupt Customer transactions or data, by whatever means, in whatever form, resulting in part or in whole from third-party software or networking goods or services or from internet related problems or from actions or events outside of our control.

Quoting Errors

Should a quoting error occur due to a mistype of a quote or a misquote given by telephone and/or electronic means (including responses to Customer requests), we are not liable for any resulting errors in account balances and reserve the right to make necessary corrections or adjustments on the account involved. Any dispute arising from such quoting errors will be resolved on the basis of the fair market value, as determined by us, in our sole discretion, of the relevant currency at the time such an error occurred. In cases where the prevailing market represents prices different from the prices we have posted on our screen, we will attempt, on a best efforts basis, to execute trades on or close to the prevailing market prices. These prevailing market prices will be the prices, which are ultimately reflected on the customer statements. This may or may not adversely affect customer realized and unrealized gains and losses.

Local Laws

This site is not intended for use by any person in any country where such use would be contrary to local law or regulation. It is the responsibility of visitors to this Web site to ascertain the terms of and comply with any local law or regulation to which they or the trades they undertake are subject.

Broker Terms & Conditions

When registering with Binary-autotrader.com, you agree to the terms and conditions of each broker that you join. It is your sole responsibility to read and understand their terms and conditions. We only provide you with trading software to help your performance of trades. Deposits that are used for trading are held with the brokers and their terms and conditions are applicable to you.