Our Terms And Conditions

BinaryProp Terms and Conditions of Service

1. Introduction
These Terms and Conditions of Service ("T&Cs") govern your access to and use of the services offered by BinaryProp ("Company", "we", "us", or "our") through our website located at [binaryprop.com] (the "Website"). By accessing or using the Website or the Services (as defined below), you agree to be bound by these Terms. BinaryProp Terms and Conditions of Service 1. Introduction These Terms and Conditions of Service ("T&Cs") govern your access to and use of the services offered by BinaryProp ("Company", "we", "us", or "our") through our website located at [https://binaryprop.com] (the "Website"). By accessing or using the Website or the Services (as defined below), you agree to be bound by these Terms. 2. Definitions 2.1. Services: The services provided by the Company, including access to the BinaryProp Firm Challenge (the "Challenge"), the Verification stage (collectively, the "Program"), the BinaryProp Trading Tournaments (the “Tournaments”), educational resources, the Referral Program, the Affiliate Program, the BinaryProp AdX Program, and any other features and functionalities offered on the Website. 2.2. Content: The Website and all Services, including the Client Section, their appearance and all applications, data, information, multimedia elements such as texts, drawings, graphics, design, icons, images, audio and video samples, and other content that may form the Website and the Services. 2.3. Client Section: The user interface located on the Website. 2.4. Customer: The user of the Services. 2.5. Tradable Asset Classes 2.5.1 Forex (Foreign Exchange): A market where participants trade currency pairs, speculating on the relative value of one currency against another. Deriv.com offers a variety of currency pairs for trading. 2.5.2 Daily Continuous Synthetic Indices: Financial instruments offered by Deriv.com (see [deriv.com] for comprehensive information) that replicate the price movements of underlying assets without physical delivery. 2.5.3 Commodities: Basic goods used in commerce that can be bought and sold. Deriv.com offers contracts for difference (CFDs) on a variety of commodities, including: 2.5.3.1 Energy: Oil, natural gas, etc. 2.5.3.2 Metals: Gold, silver, copper, etc. 2.5.3.3 Soft Commodities: Coffee, sugar, cotton, etc. 2.5.4 Stocks (availability may vary depending on your region and account type): Shares representing ownership in a company. 2.5.5 Cryptocurrencies (subject to regulations and restrictions): Digital or virtual currencies secured by cryptography. Availability may vary depending on your region and account type. 2.5.6 Indices (availability may vary): Baskets of securities that represent a specific market sector or the overall market performance. 2.5.7 Important Note: This list is for informational purposes only and may not be exhaustive. The availability of specific asset classes on Deriv.com can change depending on various factors. Always refer to the Deriv.com website for the latest and most accurate information on tradable assets and their specifications. 2.6. Program: The BinaryProp Firm Challenge and Verification stage, designed to assess trading skills for potential prop traders. 2.7. Affiliate Program: A program that allows you to earn rewards by referring new customers to the Services. 2.8. BinaryProp AdX Program: A Program that allows you to promote BinaryProp and earn commissions through advertising. 3. Payment Terms 3.1. Fees: The fees for participating in the Program vary depending on the chosen account size. You can pay for these fees using various payment methods offered on the Website. 3.2. Service Charges: Service charges are inclusive of all taxes. If you are an entrepreneur (trader), you are obliged to fulfill your tax obligations in connection with the use of our Services in accordance with applicable law, and in the event of an obligation, you are obliged to pay tax or other fees properly. 3.3. Payment Methods: You can pay for the Program fee using Cryptocurrency, or other means of payment offered on the Website. 3.4. Payment Processing: Payment for the Program fee is processed immediately for any express payment method. You are responsible for paying the amount within the period specified in the invoice. The fee is considered paid when its full amount is credited to the Company's account. 4. BinaryProp Firm Challenge 4.1. Eligibility: The BinaryProp Firm Challenge is open to anyone interested in becoming a prop trader. Participants must be of legal age to trade financial instruments in their jurisdiction. 4.2. Process: The BinaryProp Firm Challenge is a simulated trading competition where participants trade with a virtual account on the Deriv.com platform, focusing exclusively on Forex and Daily Continuous Synthetic Indices. Participants must meet specific trading objectives, such as achieving a minimum profit target and not exceeding a maximum drawdown, to pass the Challenge. Participants must comply with all trading rules and regulations outlined by Deriv.com. 4.3. Reward: Successful completion of the BinaryProp Firm Challenge may qualify you to fund a real BinaryProp Firm account, which is funded by the Company. This allows you to trade with real money and keep a percentage of the profits generated. 5. Prohibited Trading Practices 5.1. General: You are prohibited from engaging in any trading practices that violate Deriv.com's trading rules or are considered unethical or manipulative. You must also adhere to all applicable laws and regulations regarding trading. 5.2. Specific Prohibitions: You are specifically prohibited from engaging in the following activities while using the Program account: 5.2.1 Hedging: Opening opposing positions in the same or correlated instruments to offset potential losses. 5.2.2 Martingale: Progressively increasing your position size after a losing trade in an attempt to recoup losses. 5.2.3 Scalping: Placing a high volume of short-term trades to exploit small price movements. 5.2.4 News Trading: Attempting to profit from market reactions to news events before the information is widely available. 5.2.5 Trading outside Allowed Instruments: Trading any instruments other than Forex and Daily Continuous Synthetic Indices on Deriv.com is strictly prohibited. 5.3. Consequences of Violation: 5.3.1 Exclusion of results achieved through prohibited practices from calculations of profits and losses for the purposes of the Program. 5.3.2 Immediate cancellation of all Services provided to you and termination of this agreement. 5.3.3 Reduction or complete forfeiture of any profits earned during the Program. 5.3.4 Disqualification from future participation in the Program or other Company offerings. 5.3.5 Reporting of the violation to Deriv.com, which may result in restrictions on your use of their platform. 6. Affiliate Program 6.1. Overview: The Affiliate Program allows you to earn rewards by referring new customers to the Services. You will receive a unique referral link that you can share with others. When someone clicks your link and signs up for a paid Service, you will earn a commission based on the fees they pay. 6.2. Eligibility: To participate in the Affiliate Program, you must be a registered user of the Website and agree to these T&Cs. You must also comply with all applicable laws and regulations regarding online advertising. 6.3. Referral Fees: The specific amount of commission you will earn per referral will be clearly communicated within the Affiliate Program section of the Website. The Company reserves the right to modify the commission structure at any time. 6.4. Payment Terms: Affiliate commission payouts will be processed according to the schedule outlined within the Affiliate Program section of the Website. There may be minimum payout thresholds before commissions are disbursed. 6.5. Prohibited Practices: You are prohibited from engaging in any misleading or fraudulent activities to promote the Affiliate Program. This includes, but is not limited to: 6.5.1 Spamming others with your referral link. 6.5.2 Making false or misleading claims about the Services. 6.5.3 Offering incentives (such as cash payments) to people to sign up using your referral link, unless explicitly permitted by the Company through a dedicated program like Airdrops, Incentivized sign-up bonuses. 7. BinaryProp AdX Program 7.1. Overview: The BinaryProp AdX Program allows you to promote BinaryProp and earn commissions through advertising. The Company will provide you with marketing materials and creatives that you can use to promote the Services on your website, social media, or other channels. 7.2. Eligibility: To participate in the BinaryProp AdX Program, you must be a registered user of the Website and agree to these T&Cs. You will also need to be approved by the Company to participate in the program. You must also comply with all applicable laws and regulations related to online advertising. 7.3. Commission Structure: The specific commission you will earn for each successful referral will be clearly communicated within the BinaryProp AdX Program section of the Website. The Company reserves the right to modify the commission structure at any time. 7.4. Payment Terms: BinaryProp AdX Program commission payouts will be processed according to the schedule outlined within the BinaryProp AdX Program section of the Website. There may be minimum payout thresholds before commissions are disbursed. 7.5. Compliance: You are responsible for complying with all applicable laws and regulations related to online advertising when promoting BinaryProp through the BinaryProp AdX Program. 8. Intellectual Property 8.1. Ownership: The Content on the Website, including all intellectual property rights, such as copyrights, trademarks, and patents, is the sole property of the Company or its licensors. 8.2. Limited License: You are granted a non-exclusive, non-transferable, limited license to access and use the Content for your personal and non-commercial use. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, or otherwise exploit any Content, in whole or in part, without the prior written consent of the Company. 9. Termination 9.1. Termination by You: You may terminate your use of the Services at any time. 9.2. Termination by Company: The Company may terminate or suspend your access to the Services at any time, with or without notice, for any reason, including, but not limited to, your violation of these T&Cs. 10. Disclaimer 10.1. The Services are provided "as is" and without warranties of any kind, express or implied. The Company disclaims all warranties, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. 10.2. The Company does not warrant that the Services will be uninterrupted, secure, or error-free. The Company does not warrant that the results that may be obtained through the use of the Services will be accurate or reliable. 10.3. You acknowledge and agree that you are using the Services at your own risk. You are responsible for all of your actions relating to the Services. 11. Limitation of Liability 11.1. To the maximum extent permitted by law, the Company shall not be liable for any direct, indirect, incidental, consequential, or special damages arising out of or in any way connected with your access to or use of the Services, or the Content contained on the Website. 11.2. This includes, but is not limited to, damages for lost profits, business interruption, loss of data, or any other damages arising in tort (including negligence) or contract. 12. Dispute Resolution 12.1. Any dispute arising out of or related to these T&Cs or the Services will be governed by and construed in accordance with the laws of Mauritius, without regard to its conflict of law provisions. You irrevocably agree that the courts of Mauritius shall have exclusive jurisdiction to resolve any such dispute. 12.2. Notwithstanding Section 12.1, if you are a resident of a country with a legal system based on Civil Law principles, you may choose to have the laws of Qatar govern these T&Cs and any dispute arising out of or relating to these T&Cs or the Services, provided such legal system offers a reasonable level of user protection as determined by a reputable legal body such as the International Chamber of Commerce (ICC). 13. Entire Agreement 13.1. These T&Cs constitute the entire agreement between you and the Company regarding the Services and supersede all prior or contemporaneous communications, representations, or agreements, whether oral or written. 14. Severability 14.1. If any provision of these T&Cs is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall remain in full force and effect. 15. Waiver 15.1. No waiver by the Company of any breach of these T&Cs shall be deemed a waiver of any subsequent breach. No delay or omission by the Company in exercising any right or remedy under these T&Cs shall operate as a waiver of any such right or remedy. 16. Force Majeure 16.1. The Company shall not be liable for any delay or failure to perform its obligations under these T&Cs due to any cause beyond its reasonable control, including, but not limited to, acts of God, war, terrorism, riots, labor strikes, earthquakes, floods, fires, or governmental restrictions (a "Force Majeure Event"). In the event of a Force Majeure Event, the Company shall use its reasonable efforts to minimize the delay or failure and to resume performance of its obligations as soon as practicable. 17. Notices 17.1. All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered personally, sent by certified or registered mail, return receipt requested, postage prepaid, or sent by reputable overnight courier service to the addresses set forth below. 17.1.2 BinaryProp, [Our Company Address] 17.2. Notices sent by email shall be deemed to have been duly given when sent to the addresses set forth below, provided that no confirmation of receipt is automatically generated: 17.2.1 BinaryProp, admin@binaryprop.com or support@binaryprop.com 18. Contact Information 18.1. If you have any questions about these T&Cs, please contact us at admin@binaryprop.com or support@binaryprop.com or by mail at [Our Company Address]. 19. Updates to the T&Cs 19.1. The Company reserves the right to update these T&Cs at any time. We will notify you of any material changes to the T&Cs by posting the amended T&Cs on the Website. You are advised to review the T&Cs periodically for any changes. By continuing to access or use the Services after the amended T&Cs are posted, you agree to be bound by the amended T&Cs. 20. Risk Disclosure 20.1. Trading financial instruments involves significant risk and may not be suitable for all investors. You should carefully consider your investment objectives, financial situation, and risk tolerance before undertaking any trading activity. You should not invest any money that you cannot afford to lose. 21. Suitability 21.1. The Services are not intended for use by any person in any jurisdiction where such use would be contrary to local law or regulation. It is your responsibility to ascertain whether the Services are suitable for you in light of your personal circumstances. 22. Governing Law and Jurisdiction 22.1. These T&Cs and any dispute arising out of or relating thereto shall be governed by and construed in accordance with the laws of Mauritius, without regard to its conflict of law provisions. 23. BinaryProp ‘Trading Challenge’ and ‘Tournament’ Terms & Conditions By participating in this BinaryProp Trading Challenge/Tournament (collectively, "Event"), you agree to the following terms and conditions: 23.1. Eligibility: 23.1.1 You must be of legal age to trade financial instruments in your jurisdiction. 23.1.2 Residents of certain countries may be excluded. Refer to the full BinaryProp Terms and Conditions (https://https://binaryprop.com//terms_and_conditions) for details. 23.2. Risk Disclosure: 23.2.1 Trading financial instruments involves significant risk and may not be suitable for all investors. You should carefully consider your investment objectives, financial situation, and risk tolerance before undertaking any trading activity. You should not invest any money that you cannot afford to lose. 23.3. Platform and Instruments: 23.3.1 The Event will be conducted on the Deriv.com platform (https://deriv.com/). 23.3.2 Only specific instruments (Forex & Daily Continuous Synthetic Indices) will be allowed for trading during the Event. 23.4. Performance and Results: 23.4.1 You must be of legal age to trade financial instruments in your jurisdiction. 23..4.2 Results achieved during the Event may not be indicative of future performance. 23..4.3 BinaryProp reserves the right to exclude results obtained through prohibited practices from calculations. 23.5. Challenge/Tournament Specifics: 23.5.1 Maximum Daily Loss: Your account equity will not be allowed to decline by more than a specified percentage (e.g., 10%) in a single trading day. Exceeding this limit may result in disqualification. 23.5.2 Maximum Drawdown: The total decline in your account equity from its peak value throughout the Event cannot surpass a set threshold (e.g., 20%). Breaching this limit may lead to disqualification. 23.5.3 Targeted Profit: To qualify for potential profit sharing or account funding (if applicable), you must achieve a minimum profit target (e.g., 30%). 23.6. Profit Sharing/Account Funding (if applicable): 23.6.1 Upon successful completion of the Event, meeting all requirements (including maximum daily loss, drawdown, and targeted profit), you may be eligible for a share of the pool profits generated during the Event (for Tournaments) or qualify for funding a real BinaryProp Firm account (for Challenges). 23.6.2 Specific profit-sharing percentages or minimum account funding amounts will be clearly communicated before the Event begins. 23.7. Termination and Disqualification: 23.7.1 BinaryProp may terminate your participation and withhold rewards for violating these terms or the full T&Cs. Reasons for disqualification may include exceeding maximum daily loss or drawdown limits, engaging in prohibited practices, or inactivity. 23.8. Governing Law and Disputes: 23.8.1 These terms are subject to the full BinaryProp Terms and Conditions regarding governing law and dispute resolution. 23.9. Additional Information: 23.9.1 Refer to the full BinaryProp Terms and Conditions (https://binaryprop.com/terms_and_conditions) for detailed explanations of all clauses mentioned here. 23.10. Acceptance: 23.10.1 By participating in this Event, you acknowledge that you have read, understood, and agree to be bound by these Abbreviated Terms and Conditions and the full BinaryProp Terms and Conditions.