Terms and Conditions

Last Updated: January 2, 2009

1.         General. Welcome to www.peakoptions.com. Please read these Terms and Conditions  carefully before using this website, and check them periodically for changes.

ANY USE OF THIS WEBSITE (the “Site”), OR THE SERVICES AVAILABLE ON THE SITE OR THROUGH OUR MOBILE APPLICATION FROM TIME TO TIME (including without limitation the available information, trading platform, software, programs, tools, components, upgrades, updates and all related applications, available now or in the future, collectively the “Service”), IS SUBJECT TO AND CONDITIONED UPON ASSENT TO AND COMPLIANCE WITH ALL OF THESE TERMS AND CONDITIONS (the “Agreement”). Portions of the Service may be subject to other terms and conditions and your use of such services is subject to and conditioned upon your acceptance of such additional terms and conditions.

BY ACCESSING THE SITE AND THE SERVICE, YOU CONFIRM AND ACKNOWLEDGE THAT YOU HAVE (I) READ THIS AGREEMENT AND THAT YOU UNDERSTAND ITS CONTENT, (II) THAT YOU AGREE TO BE BOUND BY THIS AGREEMENT AND (III) THAT YOU ARE OF LEGAL AGE TO FORM A BINDING CONTRACT OF THE TYPE OF THIS AGREEMENT. THE AGREEMENT IS BETWEEN YOU AND NIGHT 67 LTD. If you do not agree to be bound by the terms and conditions of this Agreement, do not use or access the Site or the Service.

2.         Disclosure of Certain Risks

THE SERVICE OFFERS FINANCIAL ACTIVITIES THAT MAY RESULT IN THE LOSS OF PART OR ALL OF THE INVESTED FUNDS WHILE TRADING. YOU SHOULD CAREFULLY CONSIDER WHETHER THIS ACTIVITY SUITS YOUR NEEDS, YOUR FINANCIAL RESOURCES AND YOUR PERSONAL CIRCUMSTANCES.

YOU SHOULD BE AWARE THAT AMONG THE FEATURES OF THE SERVICE: (I) THE PRICES  AND EXPIRATION PERIOD QUOTED THROUGH THE SERVICE FOR VARIOUS ASSETS ARE THE PRICES AND EXPIRATION PERIOD IN WHICH WE ARE WILLING TO SELL A BINARY OPTION FOR SUCH ASSET TO YOU AT SUCH TIME AND THESE PRICES MAY NOT CORRESPOND TO ANY OTHER MARKET PRICE AVAILABLE TO YOU FROM DIFFERENT MARKETS AT THE POINT IN TIME IN WHICH YOU PURCHASE THE BINARY OPTION THROUGH THE SERVICE; AND (II) A BROAD RANGE OF FINANCIAL INFORMATION IS DISPLAYED ON THE SITE AND MAY QUICKLY BECOME UNRELIABLE OR CHANGE FOR VARIOUS REASONS SUCH AS DUE TO THE VOLATILITY OF FINANCIAL MARKETS. FURTHER, MINOR DIFFERENCES IN MARKET PRICES MAY OCCUR IN SHORT TIME PERIODS AND MAY CAUSE HIGH PROFITS OR LOSSES IN RELATION TO TRANSACTIONS YOU COMPLETE THROUGH THE SERVICE. THERE IS NO EXISTING METHOD THAT CAN ASSURE PROFITS FROM TRANSACTIONS IN FINANCIAL MARKETS. WE ARE UNDER NO OBLIGATION TO QUOTE A PARTICULAR PRICE QUOTED ON ANY SPECIFIC MARKET. YOU MAY NOT USE OR RELY ON PRICES QUOTED THROUGH THE SERVICE FOR ANY PURPOSE OTHER THAN TRADING THROUGH THE SERVICE, AND YOU AGREE NOT TO REDISTRIBUTE SUCH PRICES TO OTHERS (FOR COMMERCIAL OR ANY OTHER PURPOSE).

YOU SHOULD ALSO BE AWARE OF THE RISKS ASSOCIATED WITH USING AN INTERNET OR MOBILE BASED SYSTEM FOR TRADING OPTIONS, INCLUDING BUT NOT LIMTED, THE FAILURE OF HARDWARE, SOFTWARE, AND INTERNET CONNECTION.

THE SITE AND THE SERVICE IS INTENDED FOR AND SHOULD ONLY BE USED BY INDIVIDUALS OR ENTITIES THAT HAVE SUFFICIENT EXPERIENCE AND KNOWLEDGE IN FINANCIAL MATTERS TO BE CAPABLE OF EVALUATING THE FINANCIAL DATA AND MARKET INFORMATION DISPLAYED ON THE SITE, AND THE MERITS AND RISKS OF ENTERING INTO FINANCIAL CONTRACTS. BY USING THE SERVICE YOU AKNOWLEDGE THAT YOU ARE AWARE OF ALL OF THE RISKS ASSOCIATED WITH THE SERVICE (INCLUDING WITHOUT LIMITATION FULL INFORMATION AND KNOWLEDGE REGARDING ONLINE BINARY OPTION TRANSACTIONS) AND HAVE THE FİNANCİAL CAPABİLİTY TO FİNANCE YOUR PARTICIPATION, THAT YOUR USE OF THIS SITE, THE SERVICE AND CONTENT, IS AT YOUR OWN DISCRETION AND RISK, AND THAT YOU WILL BE SOLELY RESPONSIBLE FOR ANY RESULTING CONSEQUENCES.

3.         The Service.

General. Each binary option sold by us through the Service (the “Transaction”) is subject to the prices, expiration periods and payout amounts and other terms quoted by the Service at the time of entering into a Transaction. Each Transaction is comprised of an offer by you to enter into the Transaction, and our subsequent acceptance of your offer evidenced by withdrawal of monies from your account with us on the Service (the “Account”) in the amount indicated by you in your offer. A Transaction will be deemed to have been consummated only when your offer has been received and accepted by us, as evidenced by withdrawal of monies from your Account. We may, in our sole discretion, accept or reject all or any part of an offer by you to enter into a Transaction. We may offer to and impose on each user, in our sole discretion, different terms and restrictions with respect to their use of the Service.

Each Transaction must be processed manually by you through the Service only, and not by any automatic system. Other offers, such as offers sent by fax, email or text message, will not be accepted.

If during the term between the purchasing and the expiration of a Transaction relating to a stock as the underlying asset, the stock has been split or there is a reverse split, then such option’s price will be adjusted according to the adjustments made to the stock price in the Exchange where it is traded due to such split or reverse split.

We reserve the right to void any Transaction which we believe to be based on an obvious error, or fraudulent, including without limitation offers to execute Transactions for exaggerated amounts.

It is your obligation to ensure that you fully comply with all applicable laws, regulations and directives with regard to the use of the Site and the Service. For avoidance of doubt, the ability to access our Site or the Service does not necessarily mean that the Site or the Service and your use thereto are legal under relevant laws, regulations and directives. Further, use of the Service is unauthorized in any jurisdiction that does not give effect to all provisions of the Agreement.

Any downloads of software from the Site or from authorized third party websites, which enable you to access the Service, including without limitation any files, images incorporated in or generated by the software, and data accompanying the software, (the “Software”) is licensed to you by us or third-party licensors for your personal, noncommercial use only. You shall keep intact all copyright and other proprietary notices and your use of such Software is strictly subject to the terms of this Agreement and any agreement accompanying the Software.

Payments,Transfers and Taxes. All payments in connection with the Site or Service are non-refundable and non-cancelable.

Upon entering into a Transaction, the amounts used to enter into a Transaction shall be immediately withdrawn from your Account and held by us pending expiry of the Transaction. You shall not be allowed to enter into a Transaction for any amount in excess of the balance in your Account. You hereby declare that the moneys invested in your Account with us do not originate from any illegal activity.

In the event that you are entitled to monies at the expiration of a Transaction, such amounts shall be added to your Account. You hereby authorize us to hold your funds in any financial institution we choose in our sole discretion. You shall not be entitled to, nor shall your credit balance in your Account bear, any interest. Any funds to be paid to you in respect of an expired Transaction shall be paid in the same currency as initially deposited into your Account by you. Other than the applicable amount payable to you upon the expiration of a Transaction, you shall not be entitled to any further payment of any kind whatsoever.

The Service, including without limitation payment processing, may be handled directly by us or by online third parties. We may charge a fee for transfers to or from your Account, as published through the Service from time to time. Such fees shall be deducted from your Account immediately upon execution of a transfer, without notice to you. You shall be responsible for expenses in connection with such transfers. Where a third party handles a payment, the payment is subject to the Terms and Conditions  and privacy policy of such third party (including among others payment methods, tax liability, collection and use of your personal information, and support levels). We recommend that you review the Terms and Conditions  and privacy policy of such third parties before submitting any personal information and using such third parties' services.

If you submit a request to withdraw monies from your Account, such transfer may take us up to seven (7) business days to process the request, following the provision by you of all relevant identification documents that we may require from you in our sole discretion. Once the request has been approved, it may take a further seven (7) business days until the funds show in your personal account. Transfers via credit or debit card shall be performed at times and according to the card company's procedures or according to the terms of third party payment processors used by us to complete such transfers. We may carry out withdrawal orders by alternative means to those which have been used in the original deposit order, subject to anti-money laundering laws and regulations.

We may, from time to time and in our sole discretion, including without limitation, after funds have been deposited into your Account and prior to any withdrawals, require you to provide proof of identity documentation, such as a notarized copy of your passport or other means of identity verification, copies of the credit card used to deposit funds, utility bill, and written confirmation of your instructions to perform activities through the Service, as we may deem necessary under the circumstances. Notwithstanding, we are not obligated to verify your identity or the validity of your instructions. You shall bear the risk of all instructions, whether authorized, unauthorized, improper or fraudulent, even if such instructions were provided without your authority. If you do not comply with our requests, we reserve the right to close any open Transactions on the Service, refund to your Account all amounts invested by you pursuant to such closed Transactions, transfer such monies from your Account to you and delete your Account.

You shall be fully responsible for the payment of any taxes that apply to this Agreement, the Site or the Service. It is your responsibility to report your activities on your Account to any applicable tax or other authority, and to pay all applicable taxes, levies, governmental fees and charges associated with the activities including required deductions at source.

Suspension and Termination. We may, in our sole discretion, from time to time add, remove or suspend from the Service any type of option or asset, or change or discontinue providing any part of the Service.

We may, in our sole discretion and without notice or liability to you or any third party, block access to this Site or the Service from, or immediately suspend or terminate the Account of, any user that, among others: (i) we suspect is the victim of theft or unauthorized use of Registration Data; (ii) provides Registration Data that is inappropriate or offensive in our discretion, inaccurate, not current or incomplete, (iii) breaches the letter or spirit of any term of this Agreement, or (iv) whose Account has extended periods of inactivity, without derogating from any other right or remedy that we may have by law, equity or otherwise. In such an event,we may immediately close any Transactions, and debit or credit your Account as applicable, close all or any of your Accounts held with us of whatever nature, terminate this Agreement without notice and refuse to enter into further Transactions with you. Any monies held in any of your Accounts on the Site shall be frozen and we may deduct any amounts from such Accounts in order to set off any loss, damages or expenses incurred by us as a result of a breach of this Section.

You acknowledge that we may terminate operation of the Site and the Service at any time, in our sole discretion. Without derogating from any other provision in this Agreement, we reserve the right to suspend the operation of this Site or the Service, including closing any open Transactions and crediting the funds invested for such Transactions back to your Account, and refunding any credit balances in your Account back to you, when, among others, (i) as a result of political, economic, military or monetary events (including unusual market volatility or illiquidity) or any circumstances outside our control, responsibility and power, the continued operation of this Site or the Service shall not be reasonably practicable without materially and adversely affecting and prejudicing yours or our interests or if, in our sole discretion, we determine that a price cannot be calculated for a Transaction; (ii) there is a breakdown in the means of communication normally employed in determining the price or value of any Transaction or where the price or value of a Transaction cannot be promptly or accurately determined; or (iii) from time to time, we perform maintenance upon the Site or Service resulting in interrupted service, delays or errors in the Site or Service. We will attempt to provide prior notice of scheduled maintenance but cannot guarantee that such notice will be provided. Under such circumstances, we may in our sole discretion (with or without notice) close your open Transactions at prices we consider fair and reasonable at such time, and you waive any claims or demands against us in connection thereto.

4.         Anti-Money Laundering. 

We employ best-practice anti-money laundering (“AML”) procedures. We reserve the right to refuse to do business with, to discontinue to do business with, and to reverse any Transactions with you if you do not accept or conform to the following AML requirements and policies:

•    You must provide us with all requested information upon registration;

•    Any amounts payable to you upon the expiration of a Transaction will only be paid to the individual who initially registered to open an Account;

•   If you deposit funds to your Account by means of wire transfer, any withdrawals from your Account will only be transferred to the holder of the originating bank account of the deposit. When making deposits in this manner, it is your responsibility to ensure that your bank account number and the registered name of the account owner accompany all such deposits to us;

•    If you deposit funds to your Account by means of credit/debit card, withdrawals from your Account will only be distributed to the individual whose name appears on the card used to make the deposit and only to the same card;

•    Only one Account is allowed per person. No amount may be withdrawn from any Accounts opened in a false name or on multiple Accounts opened by the same person.

5.         Registration and Account Management. 

Some functions of the Service require registration, and as part of the process you will be requested to provide certain information, including among others, a unique user name and password (“Registration Data”). You agree to:

•         Provide true, accurate, current and complete Registration Data as prompted by the registration process.

•         Maintain and promptly update the Registration Data to keep it accurate, current and complete.

•         Maintain the security and confidentiality of your password and any other security or access information used by you to access the Site or Services.

•         Ensure that you log out of the Service at the end of each session using the Service.

•         Refrain from transferring your Account on the Service to any other without our prior written consent.

•    Refrain from impersonating any person or entity or misrepresent your identity or affiliation with any person or entity, including using another person's username, password or other Registration Data.

•        Immediately notify us in writing if you become aware of any loss, theft or use by any other person or entity of any of your Registration Data in connection with the Site or the Service or any other breach of security that you become aware of involving or relating to the Site.

We assume that any communications and other activities through use of your Registration Datawere sent or authorized by you, and you are fully responsible for all activities that occur under your Registration Data. You may not access your Account, or have your Account open, simultaneously through the mobile application and the Site.

You hereby consent to have your trading history through the Service available online. You will be able to access Account information via the Service using your Registration Data. Posting of Account information on your online Account will be deemed delivery of confirmation and Account statements.

You declare that by providing your Registration Data to us, you hereby consent to, us sending, and you receiving, by means of telephone, facsimile, SMS or e-mail, communications containing content of a commercial nature relating to your use of the Site, the Service and related services, including further information and offers from us that we believe you may find useful or interesting, such as newsletters, marketing or promotional materials.You acknowledge that we do not have to obtain your prior consent (whether written or oral) before sending such communications to you, provided that we shall immediately cease to send any such further communications should you notify us in writing that do not wish to receive such commercial content anymore. 

6.         User Conduct. 

You may access and use the Site and Service only for its purposes as intended by the normal functionality of the Site and Service, as long as you are in compliance with all provisions of this Agreement. In connection with your use of the Site and the Service, you agree to abide by all applicable local, state, national and international laws and regulations and not, nor allow or facilitate a third party to, violate or infringe any rights (including without limitation copyrights,rights of publicity or privacy