Full Terms and Conditions for trading with Skyline Markets
The site is owned by Capital Markets Services Limited in Marshall Islands with the registered address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960. Clearing services provided by Capital Markets Services Limited, a UK company with the registered address: 88 Kingsway, Room 414, London, WC2B 6AA.
This Agreement, which constitutes a legally binding agreement between You and Us, describes the terms, conditions and risks applicable to Your use of Our services available under the domain of skylinemarkets.com (the "Services" and the "Website")
You hereby acknowledge that the Services offered are non-delivery options trading services, and that when You trade with Us, You are not entitled to receive, and We are under no obligation to supply, any of the assets in relation to which You invest in binary options via the Website.
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 SL and use the Website and\or the Services. By continuing to access or use the Website and\or the Services, You agree to follow the terms and conditions of this Agreement as they 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 the Website and\or the Services, and inform Us in writing immediately. Your continued use of the Website and\or the Services represents Your consent to be bound by this Agreement.
- Membership Eligibility
The Services are available to and may only be used by individuals or companies who can form legally binding contracts under the law applicable to them. Without limiting the foregoing, the Website and\or the Services are not available to persons under the age of 18 or otherwise under legal age – whichever is higher ("Minors"). If You are a Minor, You may not use the Website and\or the Services; Your continued use of the Website and\or the Services constitutes Your representation that You are not a Minor.
We reserve the right (but are under no obligation) to request proof of age at any stage, to verify that You are not a Minor. We may suspend or cancel Your account and exclude You from using the Website and\or the Services if proof of age is not provided or if We suspect that You are a Minor; in such case We are under no obligation to return any funds held in Your account with Us. Any such decision of Ours shall be final, binding and not subject to appeal. For avoidance of doubt, We shall not be responsible for any unauthorized use by Minors of the Website and\or the Services in any way or manner.
You understand that laws regarding financial contracts, services and products vary throughout the world, and it is Your obligation alone to ensure that You fully comply with (and do not violate) any law, regulation or directive, relevant to You and Your use of the Website and\or the Services. By using the Website and\or the Services You warrant and represent that You confirm that such use complies with any law, regulation or directive, relevant to You.
For avoidance of doubt, the ability to access the Website and\or the Services does not necessarily mean that Your activities via the Website and\or Your use of the Services are legal under the laws, regulations or directives relevant to You. For the avoidance of doubt, it is hereby clarified that We make no representations or warranties, expressed or implied, that Your use of the Website and\or the Services is lawful.
Without derogating from the above, the Website and Services are not available to US investors; if You are a US citizen and\or resident, You may not use the Website and the Services. We reserve the right, at our sole discretion, to deny access to the Website and Services to citizens, residents and\or people located at additional jurisdictions.
- Registration Information and Requirements
In order to use the Website and the Services You must register with Us. When you register with Us, We will ask You to provide certain identifying information and documentation; You will not be able to complete registration with Us without the provision of such information and documentation. We reserve the right, at any point in time (whether prior to completion of the registration or afterwards), to require from You additional information and documentation or to confirm information and documentation You previously provided to Us; if You do not supply such information and documentation within the time period asked for, or if We believe that any information or documentation provided by You was false or inaccurate or 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 of the Service or if We believe, at our sole discretion, that you have abused in any way or acted in bad faith towards the Website and\or the Services and\or other users of the Website and Services, We reserve the right to refuse to open an account for You, suspend or cancel Your account with Us.
When providing Us with details of any means of payment, You represent and warrant that that means of payment is either owned by You or that the owner of that means of payment agreed to Your use of the means of payment in connection with the Website and the Services and that such use is within the confines of such agreement. You acknowledge that We are under no obligation whatsoever to verify whether and to what extent did the owner of the means of payment agreed to such a use, and (in addition to any other remedy or right We have) You will be held liable for any misuse of such means of payment.
You are responsible for securing Your username and password for Your account with Us, and You shall not transfer them to any third party. We are under no obligation to maintain Your user name and password.
You agree to provide true, accurate, current and complete information about Yourself during the registration process and thereafter, 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 Us for any purpose. You shall notify Us immediately upon any change in any of the details You provided to Us.
- Your use of the Website and\or Services
While using the Website and\or Our Services, you hereby acknowledge that:
* Your account with Us is for your sole and personal use, and You must not allow the use of Your account by any third party. You hold full and sole responsibility for any loss or damage caused due to any act or omission by You or any third party as a result of inappropriate, irregular or unauthorized use of Your account. Without derogating from the above, You must inform us immediately of any unauthorized use of Your account;
* You are solely responsible for recording, paying and accounting for any tax or other levy that may be payable due to Your use of the Website and\or the Services (including, but not limited to, payment of earnings);
* You will use the Website and\or the Services in good faith towards the Company and others using the Services;
* We may, at our sole discretion, open, maintain and/or close Your Account, as well as seize and confiscate all or part of the funds held in Your account and recover and\or retain any and all earnings paid to You or to which You are entitled, and any such decision or any other decision by the Company in connection with the Website and\or the Services shall be final and not subject to dispute or appeal;
* You hereby acknowledge and accept that the Website and\or Our Services may be supplied, in part or in whole, by third parties; You waive any claim against Us in respect of the provision of the Website and\or the Services by any such third party;
* In some instances, We may take opposite positions to the trades You are performing; in such instances, We stand to gain from losses You incur as a result of Your investment; You warrant and represent that You have no claim or argument against Us in this respect.
* You will not copy or distribute any materials appearing on the Website for any other purpose than Your use of the Website and\or the Services;
* You will use the information appearing in the Website for the sole purpose of executing transactions inside and within the Website;
* You will not use the Website and\or the Services for any purpose that is unlawful, tortuous, abusive, intrusive on another's privacy, harassing, libelous, defamatory, embarrassing, obscene, threatening or hateful.
* In the event that Your account remains inactive and/or You fail to make any trades with respect to your account for 3 months (the “Inactivity”), then We have the right to charge You a service fee of $50 per month on your funds held in your account, which amount will be deducted from Your funds on the 1st day of the month. Please be advised that the aforementioned service fee shall become owing to Us retroactively for the three proceeding months prior to the Inactivity.
- Risk Disclosure
You agree to use the Website and the Services at Your own risk. Without limiting the foregoing, the Services 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 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 (including, but not limited to, risks stemming from market conditions, the rules of certain markets. You hereby acknowledge that You will bear sole responsibility for any losses caused through the use of the Website and\or the Services.
Furthermore, the Website and\or the 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 Website and have done so without relying on any information contained in this Website or provided by Us; You hereby represent and warrant that You have such sufficient experience and knowledge in financial matters to be capable of evaluating the merits and risks of acquiring financial contracts via the Website and have done so without relying on any information contained in this Website or provided by Us. You shall bear sole responsibility for any decision made and/or to be made by You relying on the content of the Website or information provided by Us.
Without derogating from the above, 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 Website, transactions carried out by You and/or Your use of the Services.
Employees, directors and officers of the Company, as well as any of their relatives or people associated with, are not entitled to use the Website and\or the Services.
- Financial Information
We may make available to You through the 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 the Website is not intended as investment advice. The Company does not endorse or approve the Financial Information, and We make it available to You only as a service for Your own convenience. SL 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, but not limited to, changes in market conditions or economic circumstances. Neither the Company 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 and Financial Information on the Website 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 Website or referred to by the Website.
The pricing assigned to the assets on the Website are the ones at which We are willing to sell options to You at that point in time; as such they may not directly correspond to real time market pricing at the point in time at which the sale of options occurs.
Ask means the last known price prior to the option expiration time, for selling an asset.
We may provide a link to other Websites that are controlled or offered by third parties. Such link to a Website or Websites is not an endorsement, authorization, sponsorship or affiliation with respect to such Website, its owners or its providers.
SL cautions You to ensure that You understand the risks involved in using such Websites 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 SL liable for any loss or damage caused by use of or reliance on any content, goods or services available on other websites.
- Trading Cancellation
We reserve the right in our sole discretion to refuse and\or cancel the Services (in whole or in part), and\or refuse to distribute profits to anyone for any legitimate reason including, but not limited to:
- any instance where We have cause to believe that Your activities on the Website may be illegal;
- any instance where We may suffer any fiscal, regulatory, or pecuniary disadvantage;
- any instance where one or more transactions on the Website are judged by Us to have been performed in violation of this Agreement.
We reserve the right to cancel, terminate, modify or suspend the Services if for any reason, the Services cannot be conducted as planned, including infection by computer virus, bugs, tampering or unauthorized intervention, fraud, technical failures or any other causes beyond Our control. If any errors result in awarding funds to You or in an increase in funds owed or paid to You, You shall not be entitled to these funds. You shall immediately inform Us of the error and shall repay any funds credited to Your account in error to Us (as directed by Us) or We may, at our sole discretion, deduct an amount equal to such funds from Your account or set off such amount against any money owed to You by Us.
SL offers a special cancellation feature that allows traders to cancel a trade within a few seconds of execution. Abuse of the cancelation feature can be considered market aSLitrage and can result in forfeiture of profits. SL reserves the right to cancel a position if the cancellation feature is abused. The acceptable cancellation percentage cannot exceed 20% of the total number of executed trades. Cancelling more than 20% of the total number of executed trades is considered abuse of this feature and resulting profits may be forfeited from such
- Withdrawal Procedure
SL’s finance department handles all withdrawal requests submitted. Identification documents must be submitted in order to process a withdrawal.
Initial deposit can be withdrawn via credit card provided all terms of investment rewards and bonuses have been met. SL charges no withdrawal fees for credit cards.
SL covers the withdrawal fee for the first two withdrawal of a given calendar month, any subsequent withdrawal will add a processing charge of $30, which covers the transfer fee.
Transfer fee covers the charge of sending your earnings to your bank account, however, SL is not responsible for any additional fees that they may charge.
Know your customer policies have become increasingly important worldwide lately, especially among banks and other financial institutions, in order to prevent identity theft, money laundering, financial fraud and terrorist activity.
SL holds a zero tolerance fraud policy, and is taking all measures possible to prevent it. Any fraudulent activity will be documented and all related accounts to it will be immediately closed. All funds in these accounts will be forfeited.
Once a withdrawal request has been submitted, it can take SL up to 3 business days to process the request. Once the request has been approved please allow an additional 3-7 days for the funds to show in your account.
The minimum withdrawal amount at SL is 100 – EUR or USD – depending on the currency to which your account is set.
- Limited Liability
We assume no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, bugs, viruses, communications line failure, theft or destruction or unauthorized access to, or alteration of, the Website or Services. We are not responsible for any problems or technical malfunction of any telephone or network lines, computer online systems, servers or providers, hardware, software, failure due to technical problems or traffic congestion on the Internet (or inaccessibility to the Internet).
In no event shall the Company and/or anyone acting on its behalf be liable for any direct, indirect, incidental, special or consequential damages or damages for loss of profits, revenue, data or use incurred by You or any third party, whether in an action for contract or tort, arising from the access to, or use of, the Website and\or the Services.
We and/or anyone acting on Our behalf, make no representations about the suitability, reliability, availability, timeliness and accuracy of the Services. All Services are provided "as is" without warranty of any kind. The Company hereby disclaims all express or implied warranties with respect to the Website and Services, including but not limited to, warranties and conditions of merchantability, satisfactory quality, fitness for a particular purpose, completeness or accuracy, non infringement of third party rights or applicable laws, regulations and directives, or that the Website and Services will be uninterrupted, timely, secure or error free.
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 Website or Services, from any content posted on or through the Website or Services, or from the conduct of any users of the Website or Services, whether online or offline.
IN NO EVENT SHALL SL OR ANY OF ITS OFFICERS, DIRECTORS, EMPLOYEES, SERVICE PROVIDERS 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 WEBSITE OR SERVICES, INCLUDING BUT NOT LIMITED TO THE QUALITY, ACCURACY, OR UTILITY OF THE INFORMATION PROVIDED AS PART OF OR THROUGH THE WEBSITE OR FOR ANY INVESTMENT DECISIONS MADE ON THE BASIS OF SUCH INFORMATION, WHETHER THE DAMAGES ARE FORESEEABLE AND WHETHER OR NOT SL HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
THE FOREGOING LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW AND IN NO EVENT SHALL SL'S CUMULATIVE LIABILITY TO YOU EXCEED THE AMOUNT OF MONEY YOU TRANSFERRED OR DEPOSITED IN YOUR ACCOUNT ON THE WEBSITE IN RELATION TO THE TRANSACTION GIVING RISE TO SUCH LIABILITY.
- AML Procedures
You hereby declare that the funds invested in Your account with Us do not originate from drug trafficking, abduction, any other criminal or illegal activity, or any political affiliation.
You shall not abuse the Website and\or the Services for the purpose of money laundering or for any other illegal, unlawful or improper activity. We reserve the right to refuse to allow You to use Your account, to suspend, cancel and terminate Your account and to seize and confiscate all funds in Your Account if You do not accept or conform to the following AML requirements and policies (or any other AML requirements, as required by Us from time to time):
- You must provide all requested information and documentation upon registration.
- If You maintain an account by means of telegraphic deposits, funds will only be distributed to the holder of the originating bank account. When making deposits in this manner, it is Your responsibility to ensure that the trader’s account number and registered name of the account owner accompany all transfers to SL.
- If You fund an account by means of credit/debit card deposits, funds 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 funds will be distributed from accounts opened in false names or on multiple accounts opened by the same person.
If We suspect any illegal or unlawful activity is performed via Your account, we reserve the right to disclose all information relating to You to the relevant authorities, as well as suspend and terminate Your account, as well as seize and confiscate any funds in Your account.
- Intellectual Property
All content, trademarks, services marks, trade names, logos, icons any other intellectual property connected to the Website or the Services (the "IP Rights") are the sole and exclusive property of SL or its affiliates or agents.
You may use the IP Rights solely as set out in this Agreement, and You will not acquire any rights whatsoever in the IP Rights. 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 Website.
Images displayed on the Website are either the property of SL 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 SL.
You agree to defend, hold harmless and indemnify SL and its officers, directors, employees, agents, contractors, consultants and suppliers from and against any and all claims, liabilities, damages, losses, costs and expenses, including without limitation attorney fees and costs, arising out of or in any way connected with (i) your access to or use of the Website or Services; (ii) Your violation of any of the terms of this Agreement; or (iii) Your breach of any applicable laws, regulations or directives.
- Term and Termination
The term of the Agreement shall be unlimited, however We will be allowed to terminate this Agreement and Your account at any time by notice to You. As of termination, You shall not be able to carry out new transactions, and You agree to cease accessing the Website and the Services. You agree that SL, 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.
Termination of this Agreement shall not affect any provision of this Agreement which is expressly or by implication intended to come into force or continue in force on or after that termination.
We use the PII (including by way of disclosing it to associated entities or to third parties) to provide You with the Services, to undertake necessary security and identify verification checks, to provide customer support, to process any of Your online transactions and for any other purpose related to the operation of the Website and the Services. Your PII may also be used by Us (or by third parties to which we disclose the PII) to provide You with promotional offers and information regarding Our products and services as well as products and services from third parties. We may also use the PII for other internal purposes, such as evaluating, providing, and improving the Services and the Website.
We may disclose Your PII if required by law or competent authority, or if We believe such disclosure necessary to protect and defend Our rights or property, the personal safety of other users of the Website and\or the Services or the public. We reserve the right to share the PII with other online Websites' operators, banks, credit card companies and relevant agencies and authorities, if, We determine in Our sole discretion, that You have cheated or attempted to defraud Us, or if We suspect You are committing or have committed any fraudulent activity, or if You breach this Agreement.
We may transfer Your PII to jurisdictions outside Your jurisdiction of residence. The data protection and privacy laws of the jurisdictions to which the PII will be transferred may not be as comprehensive as those in the European Union; in which case We will take measures to ensure a similar level of protection is provided to Your PII.
- Bonus Policy
We offer a number of attractive reward features including welcome bonuses, contests and award to Our new and current Clients. Bonuses and one-time trading credits rewarded to clients are part of Our promotions program. These bonuses are limited time offers and the terms and conditions associated with any bonus rewards are subject to change.
You accept and understand that these promotions are limited, and have no actual value except while in Your account. Whether noted by Your account manager, written into the emails and/or written in promotional literature, they are covered by these terms and conditions.
Bonuses and deposits cannot be withdrawn from Your account unless You have reached a total account trading volume of at least 20 times the account’s deposit PLUS the total bonus amount that was credited to the account. Bonus trading requirements are outlined by the following calculations:
Minimum required trading volume = (Client’s Deposit + Total Bonus)*20
*Unless stated otherwise in writing by the Company
Please note that the trading volume needed to reach the minimum requirements for trades made on the forex platform will calculated as 0.1% of the actual volume traded.
If You receive multiple bonus credits, the volume requirement is calculated one bonus credit at a time, from the earliest to the most recent bonus issued to the account. It is calculated based on the turnover at the time the bonus was issued.
In addition to the above, certain additional conditions may apply to any specific promotion, as defined in the promotion’s terms and conditions.
If the required turnover is not met when making a withdrawal request, the withdrawal request will be automatically cancelled.
We not recommend taking a bonus, unless you know how to make it work in your advantage as leverage.
- Refunds and Cancellations
If You have made a deposit but have not placed any trades and wish to withdraw Your deposit, then can do so by requesting a full refund back to the original source of the funds, e.g. Credit Card.
There is no additional cost if You want to cancel Your account, just place a withdrawal request and inform us about Your willingness to close your account.
- Third Party Providers
You hereby acknowledge and confirm that “merchant name” is engaging an independent third party or payment service provider for payment collection. You acknowledge and confirm that the third party is acting on Your instruction to transfer the funds on Your behalf to payment service provider with no liabilities, obligations or warranties. You agree and confirm that You have no right to claim any transferred funds from the third party or payment service provider in any ways, or under any title or under any circumstances.
You understand that any third party or payment service provider will just facilitate Your business with Us supplier and that You were not offered any form of financial services from them. You fully acknowledge that You should not use the third party/payment service provider or its affiliates as the financial services vehicle but a conventional and trusted service provider to facilitate payment only. You further confirm that You have no further and future claims against the third party or payment service provider after settlement has been made.
This Agreement shall be governed by and interpreted in accordance with the laws of the Marshal 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 Marshal Islands, and the parties hereby irrevocably consent to the personal jurisdiction and venue therein.
In the event that any provision in this Agreement is held to be invalid or unenforceable by a court of competent jurisdiction, the remaining provisions of this Agreement will remain in full force and effect and will be interpreted so as to give effect, to the fullest extent possible, to the purpose of that provision.
The failure or delay on Our part to enforce any right, power, remedy or provision of this Agreement, or partial exercise of such right, power, remedy or provision will not be deemed a waiver of such right, power, remedy or provision.
We shall be entitled, in our sole discretion, to amend, modify, or discontinue, from time to time, any of the Services. We shall not be liable for any loss suffered by You resulting from any changes made and You shall have no claims against Us in such regard.
We may transfer, assign or pledge this Agreement or any rights and/or obligations hereunder to any third party without Your consent. You may not transfer, assign or pledge in any manner whatsoever any of Your rights or obligations under this Agreement.
Unless explicitly stated in this Agreement, nothing in this Agreement shall: (i) be construed as creating any agency, arrangement, trust of fiduciary relationships or any similar relationship between You and Us; (ii) create or confer any rights or benefits to any third party, or (iii) grant You any security interest in any asset of the Company, including (but not limited to) any sum held in Your account. For the avoidance of doubt, it is hereby clarified that any funds held in Your account will not accrue any interest.
All promotions, bonuses or special offers are subject to additional terms and conditions and any bonus credited to Your account must be used in adherence with such terms and conditions. We reserve the right, at Our sole and exclusive discretion, to withdraw any promotion, bonus or special offer at any time. If We believes You are abusing or attempting to abuse a bonus or other promotion, or are likely to benefit through abuse or lack of good faith, then We may, at Our sole and exclusive discretion, deny, withhold or withdraw from You any bonus or promotion, either temporarily or permanently, or terminate Your account without being under no obligation to pay You any funds held in Your account.
We reserve the right to set off any positive balances in Your account against any amount owed by You to Us.
Any notice provided by Us to You, either through Your account, the Website or by e-mail will be deemed received within 24 hours from the time in which such notice was provided by Us.
We may amend the terms of this Agreement from time to time, at Our sole and exclusive discretion and without providing any prior notice, by posting the amended Agreement on the Website. You are responsible for checking whether the Agreement was amended before each time You use the Website and\or the Services. Any amendment shall come into force as of the day it was published on the Website. If You do not agree to be bound by the changes to the Agreement, do not use or access the Website and\or the Services, and inform Us in writing immediately. Your continued use of the Website and\or the Services constitutes Your acceptance to the amended Agreement.
This Agreement constitutes the entire and whole agreement between You and Us in respect of the use of the Website and the Services, and supersedes any and all prior agreement between You and Us in relation to the use of the Website and the Services. You confirm that You have not relied on any representation by Us save for any express representation made by Us in this Agreement
This Agreement has been drafted in the English language. In the event of any discrepancy between the meanings of any translated versions of this Agreement and the English language version, the meaning of the English language version shall prevail.