Terms & Conditions1. General
The
following describes the terms and conditions upon which Golden Matrix Binary Ltd
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.goldenmatrixbinary.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 Golden Matrix Binary. 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.
This Agreement is
effective upon acceptance in registration for newly registering
customers. If you do not agree to be bound by the terms and conditions
of this Agreement, do not use or access our services, and inform us in
writing immediately.
2. Online Services AgreementThis Agreement is made by and between Golden Matrix Binary 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 Golden Matrix Binary
may add in the future (the "Services").
3. Membership EligibilityThe
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 derogating from the above provision, we
shall not be responsible for verifying and/or checking whether you
possess such sufficient knowledge and/or experience, nor shall we be
responsible for any damage and/or loss incurred by you due to and/or
related to the Site, transactions carried out by you and/or your use of
the Services.
Without limiting the foregoing, our Services are not
available where they are illegal to use, and Golden Matrix Binary reserves the right to
refuse and/or cancel Services to anyone at its own discretion.
4. Registration Information and RequirementsWhen you register for the service, Golden Matrix Binary will ask you to provide certain identifying information.
You
are responsible for securing your User name and Password for your
account with Golden Matrix Binary. 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 Golden Matrix Binary 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.
Golden Matrix Binary 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 RestrictionsWithout
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. Golden Matrix Binary is currently not lawfully able and as such does not accept money for the purposes of gaming from the legal jurisdictions of USA, US Minor Outlying Islands, USA Territories and US Virgin Islands.
You hereby declare that the moneys invested in
your account with Golden Matrix Binary do not originate from drug trafficking, abduction,
or any other criminal or illegal activity.
6. Limited LicenseGolden Matrix Binary 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 Golden Matrix Binary.
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 Golden Matrix Binary 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 another's privacy, harassing,
libelous, defamatory, embarrassing, obscene, threatening or hateful.
The
License granted under this Agreement will terminate if Golden Matrix Binary believes
that any information provided by you, including your e-mail address, is
no longer current or accurate, or if you fail to otherwise comply with
any term or condition of this Agreement and all rules and guidelines for
each service or Golden Matrix Binary establishes that you have abused in any way
(including but not limited to engaging in a transaction out of market
rates) the Golden Matrix Binary trading platform.
Upon such violation, you agree to
cease accessing Services. You agree that Golden Matrix Binary, 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.
7. Risk Disclosure 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 advisor
if you have any doubts.
8. Financial Information Golden Matrix Binary 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. Golden Matrix Binary does not endorse or
approve the Financial Information, and we make it available to you only
as a service for your own convenience. Golden Matrix Binary 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.
Financial
Information may quickly become unreliable for various reasons
including, for example, changes in market conditions or economic
circumstances. Neither Golden Matrix Binary nor the Third Party Providers are obligated
to update any information or opinions contained in any Financial
Information, and we may discontinue offering Financial Information at
any time without notice.
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. LinksGolden Matrix Binary 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.
Golden Matrix Binary 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 Golden Matrix Binary 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 Golden Matrix Binary 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 Golden Matrix Binary has cause to believe that a person's activities on the Site may be illegal;
• any instance whereGolden Matrix Binary may suffer any fiscal, regulatory, or pecuniary disadvantage by virtue of anyone’s activities;
•
any instance where one or more transactions on the Site are judged byGolden Matrix Binary to have been performed in violation of this Agreement.
11. Withdrawal ProcedureGolden Matrix Binary's
finance department handles all withdrawal requests submitted.
Identification documents must be submitted in order to process a
withdrawal.
There is no fee to withdraw via credit card, however any withdrawal using bank transfer will accompany a processing fee of $25.
Once
a withdrawal request is submitted it can take Golden Matrix Binary up to 3 business days
to process the request. Once the request has been approved please allow
an additional 5-7 days for the funds to show in your account.
12. Golden Matrix Binary
Bonus PolicyGolden Matrix Binary 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 Golden Matrix Binary's promotions program. These bonuses are limited time
offers and the terms and conditions associated with any bonus rewards
are subject to change.
In order to withdraw your full
bonus, you will be required to execute a minimum trading volume of 30
times for every $1 bonus. The bonus can only be withdrawn when the
preceding stipulation has been fully met and fulfilled.
The
withdrawal of funds from an account before completing bonus conditions
will immediately nullify the bonus and will be removed from the account.
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.
12A. 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 Golden Matrix Binary (in accordance with the
referral procedure of Golden Matrix Binary), the friend opens a user account with Golden Matrix Binary,
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 Golden Matrix Binary (such a
friend will be deemed a "Friend"), and (ii) Prior to the Friend opening
an account with Golden Matrix Binary, you had a valid user account with Golden Matrix Binary, deposited
USD 200 (at least) in your account with Golden Matrix Binary 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 Golden Matrix Binary 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 Golden Matrix Binary.
If,
at any time before you or the Friend receive the RF Bonus, your or the
Friend's account with Golden Matrix Binary 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.
Golden Matrix Binary'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.
13. 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 Golden Matrix Binary
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 Golden Matrix Binary 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 Golden Matrix Binary'S
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.
14. AML ProceduresNo
person shall abuse this site for the purpose of money laundering. Golden Matrix Binary
employs best-practice anti-money laundering (AML) procedures. Golden Matrix Binary
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:
• Live traders must provide all requested information upon registration.
• 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 Golden Matrix Binary.
•
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.
• Golden Matrix Binary 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
15. Intellectual Property
All
content, trademarks, services marks, trade names, logos and icons are
the property of Golden Matrix Binary 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 Golden Matrix Binary 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 Golden Matrix Binary.
16. Indemnification
You
agree to defend and indemnify Golden Matrix Binary 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.
17. Term and Termination
The
term of the Agreement shall be unlimited, however Golden Matrix Binary 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.
18. GeneralThis
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.
Golden Matrix Binary will not
be liable in any way to any persons in the event of force majeure, or
for the act of any government or legal authority.
In the
event that any provision in this Agreement is held to be invalid or
unenforceable, the remaining provisions will remain in full force and
effect.
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.
Golden Matrix Binary may assign this Agreement or any rights and/or obligations hereunder without your consent.
Golden Matrix Binary 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.