Binarycent trading contest
In this case, Client will be provided by a market prices history from at least 2 independent quotes sources. The parties will try to settle all disputes by negotiation.
Inquiries placed using online communication programs, such as Skype or similar, cannot be considered as official. Termination of service and refund of the deposit will come into effect upon expiration of 5 banking days after the Client was sent a notice by e-mail provided at the time of registration of trading account.
In case of failure to reach an agreement through negotiations and correspondence within 3 three months from the date of the initiation of a dispute its further consideration will be directed towards the justifiability in accordance with the laws of the Republic of Seychelles. The Company has the right to request the customer to confirm his identity and information provided upon registration.
At any time Client can be asked to provide an electronic copy, certified copy or notarized copy of a passport at the discretion of the Company. If the Client has not received a request to provide the documents, the procedure of enhanced verification is not mandatory, but the Client can voluntarily send a copy of the passport or other proof of identity.
All withdrawal requests should be processed to the same account, from where trading deposit was initially transferred. Customer acknowledges that the registration data, referred to him for opening an account can be used by the Company in the fight against money laundering.
Customer is responsible for the authenticity of submitted documents copies and recognizes the right of the Company, in case of doubt about their authenticity, to contact authorities of the issuer of the document to verify its authenticity and if it detects a falsification of the document, Company has the right to place an account on hold and conduct an investigation.
The Company will use the details specified by the customer provided upon registration. Client must immediately notify the Company of any changes in contact information. Any correspondence documents, announcements, notifications, confirmations, reports, etc. Also, company reserves the rights to cancel all trading orders previously done by the Client.
In this case, this Agreement shall be terminated and Company terminates providing services to the Client. No person shall abuse this site for the purpose of money laundering.
Binarycent may employ best-practice anti-money laundering AML procedures. Binarycent reserves the right to refuse to do business with, to discontinue to do business with, and to reverse the transactions of, clients who do not accept or conform to the following AML requirements and policies:.
No funds may be collected on accounts opened in false names or on multiple accounts opened by the same person. Any suspicious or fraudulent transactions will be immediately reported to the relevant authorities. Binarycent offers a number of attractive reward features to its new and subsisting clients. These bonuses are limited time offers and the terms and conditions associated with bonus rewards are subject to change.
Binarycent reserves the right to refuse, cancel or change the bonus at any time without any prior notice. Any indication of fraud, manipulation, cash-back arbitrage or other forms of deceitful or fraudulent activity based on the provision of the bonus will render the account inactive along with any and all profits or losses garnered.
Bonuses are optional and client is not required to take a bonus. During initial deposit, client may send a request to support Binarycent. Should client mistakenly accept a bonus, client must notify customer support within 3 working days, and must place no trades.
In such an instance, Binarycent will remove bonus from client account and client shall not be held to the terms relating to bonuses, however all terms and conditions will still apply. Binarycent finance department handles all withdrawal requests submitted. From the time the request is made, Binarycent normally process each withdrawal request within 1 hour. However, in case of shortage of data on the client side, or delays on third-party side, the processing time may be longer.
The Binarycent finance team will determine the method of withdrawal. Client cannot request to change a withdrawal method. All funds must be returned to the source of the original deposit. However, in some cases, this may not be possible such as in cases where the original deposit source was a MasterCard. Identification is required for all withdrawals, regardless of the withdrawal amount. If the account is initially funded by credit or debit card, or is at any point funded using a credit or debit card, Binarycent will require a copy of the front and back of the credit card used, hiding sensitive authentication data, a government issued photo ID such as a drivers license or passport and a 3-months recent proof of address such a bank statement or utility bill , if needed.
Mobile phone bills and other general mail will not satisfy this requirement. If the Binarycent account has been funded using multiple credit or debit cards, the Binarycent finance department will require copies of all cards used before a withdrawal is approved. If the account is initially funded by wire transfer, or is at any point funded by wire transfer, a copy of the bank statement from the originating account showing the transfer will be required.
Should the name on the bank statement differ from the person named on the Binarycent account, further documentation showing the connection between the user and the bank account will be required. If the account is funded by an e-wallet such as Qiwi , the client will be required to submit a photo ID and proof of address as described above where the address of the document submitted matches that on the users account at Binarycent. Please ensure the first and last four digits are visible.
Cards sent showing all digits will be deleted immediately. You should then conceal all other information. No withdrawals will be processed until such time as the Binarycent finance department has obtained all required identification and verified their authenticity.
Once identification has been obtained once or in the case of higher limit withdrawals, twice , ID will not need to be provided again with the exception of if additional payment methods or cards are used to fund the account, in which case copies of further cards or bank statements will need to be provided. Once the withdrawal has been approved, please allow an additional up to working days for the funds to show in a client account. Please note that larger withdrawal amounts may take additional time as they may be subject to fraud checks by the processing and receiving banks.
These additional checks are not performed by, or at the request of, Binarycent and we do not have control over this process. For funds, which were not active, i. In order to fund a trading account at Binarycent, client can do so by bank transfer, using an e-wallet such as Qiwi or by utilising one of the following major credit or debit cards: Cash deposits are strictly prohibited. Please also note that some card issuers may charge a fee to make a deposit into your Binarycent account. Please check the terms and conditions of your card, or call your issuer directly, if you think your issuer or bank may charge you a fee.
Any charges issued by the bank or issuer must be disputed directly with them, as Binarycent has no say or input on these fees. Once a deposit request via bank transfer is submitted, it can take Binarycent up to 3 business days to process the request and verify the funds have been received.
A deposit request via credit, debit card or via e-wallets into a trading account will be processed within 3 hours. From time to time, issuing banks may place security blocks on cards — clients may need to call their bank to have these blocks removed. The trader can impose self-deposit limits by contacting the Binarycent support team via email payments Binarycent. There is no charge to open or maintain an account at Binarycent.
In order for a client to claim funds from a dormant account, closed, blocked or excluded account, one must contact Binarycent by email on payments Binarycent. If the total of the first three transactions is negative, Binarycent will compensate the loss in the form of bonus and bonus rules will apply.
Compensation of risk free trades can not exceed the amount of initial deposit. To use this service, you need to apply for it in advance. Simply contact your account manager and negotiate details.
Client can request cancellation of service at any time, in case if there are no trading positions opened. If trading positions are opened, client has to close it or wait till expiration.
All withdrawal requests has to be treated based on standard withdrawal conditions, described in paragraph 1. Financial instruments — available for trading CFD types as currencies, indexes, stocks, commodities.
Balance — amount on the Clients or brokers trading account, not counting floatingprofit or floatingloss. In the Agreement any reference to an individual person shall include corporate entities, unincorporated associations, partnerships and individuals. Headings and notes in the Agreement are for reference only and shall not affect the contents and interpretation of the Agreement. In the Agreement references to any law shall include references to any statutory modification or re-enactment thereof or to any regulation or order made under such law, statute or enactment or under such a modification or re-enactment.
The price for a given contract is calculated by reference to the price of the relevant underlying financial instrument. For any given CFD, the Company will quote two prices: Prices will be obtained from reputable third-party price feeders and provided by the Company.
Prices are updated frequently as the limitations of technology and communication links allow. The Company ensures that the Client will receive the best price by guaranteeing that the calculation of the quoted prices is made with reference and compared to a range of underlying price providers and data sources. The Company additionally ensures to monitor its Execution Venue s on an ongoing basis and review their performance at least annually to confirm that relevant and competitive pricing is offered.
Please note that despite taking reasonable steps to obtaining best possible results for Clients, the Company is unable to guarantee, when executing orders, that the prices offered will be more favourable that prices that might be available elsewhere. Under certain trading conditions, the Client should note that it may be impossible to execute an Order at their requested price.
In such cases the Company reserves the right to execute the Order at the first available price. Such instances may occur during times of high market volatility and price fluctuations e.
In most circumstances, a spread is applied. The spread is dynamic for certain Financial Instruments, and may take into account such factors as liquidity in external markets for the underlying financial instrument and competitive pricing.
The Company reserves the right to charge the Client a swap fee of 0. This swap fee can be subject to changes in the future. The swap fee is calculated as the rounded result of the following formula: In certain circumstances such as increased volatility or illiquidity in relation to the underlying market concerned the Company reserves the right to alter the spreads offered.
The Company reserves the right to, at any time, apply such charges in the future with prior notice to the Client. Should the Company at any period of time decide not to charge any costs, it shall not be construed as a waiver of its rights to apply them in the future. The Company arranges for the execution of Client orders with the Execution Venue, as such, execution may at times be difficult.
The likelihood of execution depends on the availability of the prices of the Execution Venue s. In some instances, it may not be possible to arrange an Order for execution during abnormal market conditions.
This can occur, but is not limited to, the following examples: In the event that the Company is unable to proceed with an Order in relation to price or size or any reason, the Order will be executed at the first available price or not executed at all. The Company does not accept any orders outside of the market hours of the relevant underlying financial instrument.
The trading platform is managed by a management company known as Cent Project Ltd, a subsidiary of the Finance Group Corp that is based in Vanuatu. The Finance Group Corp is also the holding company of another leading binary options trading platform called BinaryMate. BinaryCent however specializes not only in providing binary options trading services, but also spot forex and Contract for Differences CFDs.
In terms of regulatory oversight, BinaryCent is a regulated brokerage firm under the oversight of the Vanuatu Financial Services Commission.
This is due to the fact that BinaryCent operates under the corporate umbrella of its holding company the Finance Group Corp. This is why one of the key attractions of BinaryCent is the ability to place trades with an investment as low as 10 cents.
The trading platform adopted by BinaryCent is a proprietary trading platform developed exclusively for the Finance Group Corp. This is the reason why the platform bears many similarities with the trading platform used by related brands. A web based trading platform, the platform can be accessed with any up-to-date web browser. This eliminates any need for a trader to download and install any software onto their computers.
Despite being just a web based trading platform, the platform works efficiently and comes integrated with numerous trading tools such as trading charts and technical indicators. As part of their product offering and services, BinaryCent has provided the mobile app for free. In terms of functionalities, the mobile trading app fulfils the same basic functions as its web based counterpart. The only key difference is the fact that it is optimised for the smaller screens of smartphones and mobile devices.
To meet the varying needs of their clients, BinaryCent has provided their clients with a choice of 3 different types of trading accounts. They comprises of the Bronze account, the Silver account and the Gold account. Nevertheless, traders should be aware that there are terms and conditions attached to the award of these bonuses.
One of the key requirements for the encashment of the bonus is the need to fulfil a minimum trading volume turnover. For the risk free trade promo, awarded to Gold account holders, BinaryCent will compensate the trading losses of the trader, if the total balance of the first 3 transactions is negative. Every week, 20 winners will be selected from the contestants. The asset index is a growing list — the firm are relatively new.