Terms and Conditions of Site Use
Introduction
This document constitutes the agreement between you, the site user / all clients (“you”, “your”) and us, Trinitas Capital (IOM) Ltd. operators of BetsForTraders.com (“us”, “we” “our”).In reading the content of this site (BetsForTraders.com, “the site”, “this site”), depositing or withdrawing funds with us, placing bets or making any other financial transaction with us including communicating with our helpdesk or other staff, you explicitly accept the terms contained herein. If you do not then please close your browser and do not return to the site.
These terms and conditions are subject to periodic updates by us. In accepting these terms and conditions you acknowledge that it is your responsibility to ensure that you are familiar with, and agree to, the terms and conditions as they may change from time to time. Future amendments to the terms and conditions will take effect immediately.
Jurisdiction
The transactions which take place on this site and all matters between you and us, are governed by the laws of the Isle of Man. Gambling debts are enforceable in the Isle of Man.You agree that the Isle of Man’s Courts of Law will be the only courts before which any dispute between you and us shall be heard and that the Isle of Man Court’s decision will be final and binding. You further agree, without exception, not to bring any case or other claims against the company or any of its officers, staff, associates or affiliates, past or present, in any other jurisdiction.
Site User’s Responsibility
Laws in different countries vary widely with regards to betting. Isle of Man law permits us to accept bets from clients’ world wide. It is your responsibility to ensure that so doing does not conflict with local laws in your jurisdiction of residence. This site does not constitute a solicitation to clients in jurisdictions where such solicitations may not be made. We strongly encourage you to consider your local laws as they pertain to betting before opening an account with us. In opening an account with us you warrant that you are neither a citizen nor a resident of the United States of America or any of her territories. We have a policy against transacting any business with American persons, businesses or other entities. You may not operate your account from within the United States of Americca and if you relocate there you are obliged to notify us prior to your departure and terminate your account. Any funds originating from the USA will not be credited to a client's account.You are responsible for every transaction made through your account, whether it was made by you or any other person who gained access to your account. Protect your password and always log out after use.
It is your responsibility to ensure that you are acting in accordance with the terms and conditions contained herein. You acknowledge that we are not obligated to check whether users are using the site in accordance with this agreement, as updated from time to time.
Market Risk
All speculative financial activity bears a risk of financial loss. The products sold on BetsForTraders.com are no exception. We strongly recommend that you do not risk funds that you cannot afford to lose in full as the loss of any bet could result in the loss of 100% of the stake paid for that bet.The financial markets are often highly volatile and the betting products sold on this site are, by their nature, volatile. Your risk is always limited to a maximum loss of the stake paid for the bet.
It is up to you to determine how suitable the bets offered on this site are for you. We respect every client’s right to make their own decision in this regard but caution that trading in such contracts carries a high degree of risk to your capital. We accept no liability for any cost, damage, loss, harm or other negative externalities that may result as a consequence of your use of this site or purchase of the products sold by us, our associates or affiliates.
Acquisitions and Mergers
In the event that a bet has been placed and the asset in question ceases to trade for any reason, including events such as mergers, acquisitions, de-listings and bankruptcies, during the lifetime of the bet, you accept that the bet will be deemed invalid and your full stake returned to your account.Third Party Offers
This website may contain references to products or services offered by companies who are not part of our group of companies, likewise from time to time we may contact you with offers from associate companies. We make no representations or warranties regarding the quality, soundness or appropriateness of such products or services. Entering into any agreement with, or making any purchase from such vendors is at your own risk and you indemnify us against any cost, damage, loss, harm or other negative externalities that may result as a consequence of your dealings with such parties.Determination Agency
You accept that we are the only determination agent in deciding whether a bet has been won or lost. Our data is the only data which will be used in making such a decision and you agree that, even if our data varies from that which you obtain from your own sources, win and loss decisions based on our data are final and binding. If you disagree with the outcome of a bet you must contact us within 24 hours of the bet’s expiry if you wish us to verify the outcome.The asset price which will be used to determine the outcome of a bet, or bet time interval, will be the first tick that we generate after the expiry time of the bet, even if this crosses from one trading session to the next.
The market price for the purpose of bet pricing is the price that we determine and any disputes as to the price of the underlying asset on which a bet is placed will be resolved by us at our sole discretion.
Intellectual Property
You agree that all copyrights, images, trademarks, computer code, pricing algorithms, communications from us to you and any other material which might reasonably be deemed to constitute intellectual property may not be reproduced without our written consent.The lack of a copyright symbol on any aspect on this site does not confer the right to reproduce it in any context, nor does it negate our right to assert intellectual property rights over it.
Our Data
Our prices are not the precise market price as they are generated as a function of our supply/demand algorithms. Accordingly we do not recommend that you use our price feeds for your other trading, betting or investment activity. We make no guarantee as to the maximum deviation of our asset prices from those on any capital market. If you are concerned about this we invite you to compare our data with that of direct capital market feeds to satisfy yourself that any differences are minimal.In accessing the site you agree not to capture and store a history of our bet prices, indicative asset prices or other data that we may stream to your computer from time to time.
Source Code
You agree that all computer programming code, including, but not limited to, all HTML, JavaScript, Flash and Java Applets that we distribute over the Internet remains at all times our intellectual property. You warrant that in accessing this site you will not use any of our programming code for any commercial or other purposes and will limit your use to the purpose intended by us, namely the direct procurement of the betting services offered.Documentation Requirements
In certain circumstances we may require verification of identity and/or an address in order for us to comply with the Isle of Man’s anti-money laundering laws. The following are considered acceptable forms of verification documentation.Identity (must be valid):
- Current valid “full” passport; or
- Provisional or full (photo) driving license; or
- Government issued National Identity Card (for some countries)
Address:
- Copy of a recent tax or utility bill. The document must be no more than 3 months old. Mobile phone bills are not acceptable.
- An account or credit card statement from a bank we recognise. The statement should be the most recent available statement. Statements featuring a “care of” address are not acceptable. Non-bank cards, including gym cards, store cards and student cards are not acceptable.
- A recent mortgage statement from a lender known to us.
Privacy
Your privacy is important to us and we take considerable steps to protect your personal and financial data. We will never distribute or sell your information to any third party and will only distribute it to companies requiring it for payment processing or our identity verification purposes.We are bound by the Isle of Man Data Protection Act 2002 which is compliant with the EC Data Protection Directive 95/46/EC. We are further bound by the player protection and privacy laws laid out in the Isle of Man gaming legislation. For more information please review our Privacy Policy.
Confidentiality
You agree that any instruction or communication transmitted by you or on your behalf through your account to our website or by email is done at your own risk. You agree that any instructions which we may reasonably deem to have been sent by you (including any email, telephone conversation or other correspondence bearing your name as well as betting orders) will be acted upon by us. You acknowledge that we accept no liability for any cost, damage, loss, harm or other negative externalities that may result as a consequence of the use of any party, authorised or unauthorised, of your account. If your login details are lost or stolen and this results in any loss or other negative effect, you accept that we will not give any form of restitution.You agree that we may use your first name and the first initial of your last name along with profit and loss information on your account for marketing purposes if we so choose. We will never use your full name for marketing purposes without your express written permission. You agree not to distribute or make public, in full or in part, any correspondence between you and us or to reproduce any of the content of this site in any format. This includes, but is not limited to, account statements, emails, letters, telephone conversations and facsimile transmissions.
Suspension of Services
From time to time we may suspend all or any services, with or without prior notice, for site maintenance, as a consequence of software or hardware problems, unusual asset market activity or for any other reason. Usually this will have no effect on your open bets. You acknowledge that this may occasionally happen and indemnify us from any responsibility relating to losses that may occur as a consequence of this.In the event of a technical failure on our servers we reserve the right to cancel all affected bets. If this occurs we will reimburse you with your stake. Any gains or losses made on affected bets prior to the technical failure may be cancelled. You agree not to pursue any claim against us, or any other party, for gains that you would have made if the technical failure had not occurred.
You agree that we may suspend all services offered by us, including betting, access to our website, helpdesk or other services, at any time without prior notice. While we endeavour to maintain continuous service we make no guarantee that we will do so.
Cancellation of Services
You further agree that we may, at our sole discretion, suspend or close your account for any reason, without prior notice. Such a reason may be, but would by no means be limited to, one of the following.- Any activity which we believe may be illegal either in the Isle of Man or any other jurisdiction.
- Suspected manipulation of, or insider trading on, the underlying markets on which bets are placed. Anyone suspected of either practice may be investigated by private investigators, commissioned to do so by us, have their account frozen and be reported to the appropriate legal authorities in their jurisdiction of residence and / or any other jurisdiction that we so choose.
- The use of any legal or illegal systematic process to consistently gain a positive economic advantage over us. This includes, but is not limited to, hacking, attempted hacking, system abuse and continuously placing the same type of bet in a manner designed to give ongoing economic benefit as a consequence of a fault in our models.
- Clients who operate from jurisdictions which we subsequently decide not to transact business in.
- Abuse of gift policies, bonuses, special offers or other promotions. This includes, but is not limited to, the systematic placing of bets to gain an economic advantage from a bonus or other gift payment by the company to your account without taking what we would consider to be any real economic risk.
- Any ‘bad faith’ use of our bonus policy.
- Abuse of either the White Label or Affiliate programmes.
- Abuse of our staff, computer systems or other assets.
- Improper or illegal use of credit cards or other payment methods.
- Directly or indirectly accessing your account from a computer within the United States of America.
Bet Pricing
You agree that all bet prices are calculated by us and are offered at the prices advertised on this site. We use risk neutral probability, either through a closed form solution or an iterative simulation method to price the bets that we sell. These methods all include various assumptions with regards to market volatility, asset price, risk free interest rates, costs of carry, strike prices and other parameters.In the event of a dividend payment being announced for a stock we reserve the right to adjust the strike price on all open bets on that stock by an amount up or down no greater than the amount of the dividend.
Please be aware that certain bet types are made up of one or more other bet types. The Lookback bet is [simply] structured by us as a string of One Touch bets. A consequence of this is that a Lookback may not pay out more than 1000% of the stake.
We accept no liability for making pricing errors and all prices are final unless dictated otherwise by us.
Bet Expiry Time
It is important to note the schedule according to which bets are expired in the system as this forms a key element of the betting process. In opening an account you accept that this schedule may change from time to time according to our determination.Intraday bets with an expiry before the end of our market hours will expire in the number of minutes selected on the betting interface. For example, a 20 minute bet will expire in 20 minutes provided there are 20 minutes left in our market day. This is also the case for intraday hourly bets.
Where there is an insufficient amount of time left in our trading day a bet whose expiry time is denominated in minutes or hours will roll over to the next trading session. For example, a bet with a 90 minute expiry bought 45 minutes before the end of our market day would expire 45 minutes into the following market day. The same principle applies to bets with an expiry denominated in hours. A 100 hour bet will therefore expire in 100 market hours; in the stock market for example this would be several weeks while in the FX market it would be under one calendar week.
Multi-day bets expire in the number of market days specified. A 3 day bet placed on a Thursday would therefore expire at the same time on the following Tuesday assuming that there are no holidays on the Friday or the Monday.
Half days are accounted for as full days. If a market closes early for a half day then you will be deemed to have had a full day for multi-day bets but not for bets where the expiry time is denominated in minutes or hours.
Note that the first and last 5 minutes of any trading session do not count towards any bet. In the case of bets on the UK 100 index for example, this means that no data after 16:25 counts towards the bet. This is to protect you from knocking out no touch bets at volatile after market auction prices.
Money Laundering
We uphold the highest standards in Anti-Money Laundering (AML) practices. We adhere to all applicable AML laws in the Isle of Man, do not accept business from persons on the Bank of England’s sanctions list and take numerous precautions to ensure that criminal elements do not launder money through our business.To this end we maintain strict withdrawal limits. You accept that you may not withdraw more than 3,000 Euros or foreign currency equivalent, during any rolling 30 day period without first providing us with a copy of your proof of address and proof of identity documentation as detailed under “Documentation Requirements” above.
You accept that we may require additional documentation to verify your proof of identity and/or proof of address from you at any time, and that failure to respond to such a request from us within 24 hours may lead, at our sole discretion, to the suspension or closure of your account.
You accept that winnings and any other account funds may only be paid to the account holder and not to any third party. We take reasonable steps to ensure that funds are only repatriated to the account holder, but the responsibility for ensuring that we are furnished with accurate information in this regard is yours.
You accept that we reserve the right, within the confines of Isle of Man law, to freeze the funds in your account if, for any reason we suspect that you are using your account to launder money.
Any client who attempts to chargeback a credit card payment in bad faith will have all account funds frozen for a potentially indefinite period of time. In such a scenario we reserve the right to seek restitution for betting losses which are unpaid as a result of such chargebacks.
Multiple Accounts
Only one account may be held per person. If we find you to be operating more than one account we reserve the right to suspend all your accounts pending an investigation and withhold your funds in accordance with the Isle of Man law.Multiple accounts pose a Money Laundering risk and will not be tolerated.
Payment Processing
We will process up to 3 payments to your credit per month free of charge. Additional withdrawals of funds beyond 3 in any month may be charged at a rate of GBP 20 each. The only exception to this is non-UK bank wires which will be charged at GBP 40 each. We recommend that you print out all of your transaction data, bet descriptions, these terms and conditions and the payment methods used to avoid misconceptions at a later date.See the full list of our payment processing rules and procedures.
Account Limits
If you win more than $/€/£ 10,000 in a single 24 hour period you may not be able to place any further bets in the next 24 hours.We may set a maximum number of bets in any 24 hour period from time to time.
Lookback bets are subject to a maximum and a minimum $/€/£ per point win, these values will depend upon the underlying asset and are subject to change from time to time.
All bets may have a maximum and a minimum stake.
We may set a maximum number of open bets from time to time.
We determine the hours of business that we will accept bets; these may exclude a period of time at the open and close of each market, usually of 30 minutes. The first and last 5 minutes of the market's trading hours do not count towards an open bet's value. This is to protect customers from their bets knocking out as a consequence of bad data.
We reserve the right to demand personal identification and proof of address in order that we may return funds to you if we, at our sole discretion, determine the value of your account to be too high.
We reserve the right to reject any attempted deposit of funds to any client account at our sole discretion.
While we will endeavour to return funds to clients on demand, you acknowledge that we make no guarantee as to the amount of time it will take to do so.
You may set limits on your account such that you may not lose more than an amount chosen by you in any 24 hour period. Should you decide to impose this restriction upon yourself you acknowledge that it will take us a minimum of one week to change your limit. You further accept that this feature, like any other, retains the possibility of technical failure and accordingly you should take responsibility for measuring your own risk exposure relative to your financial means.
Promotions, special offers and gift certificates
From time to time we may issue gift certificates or other cash incentives to our clients and / or prospective clients. These have no alternative cash value and are subject to the terms specified in that particular promotion.In these circumstances, we will usually require that any funds added to an account as a consequence of such a promotion must be ‘churned’ a minimum number of times prior to withdrawal of the funds or, in some instances, any funds won with those funds. Please see the terms and conditions of specific promotions for details.
We reserve the right to withdraw any promotional offer from all or any person at any time.
Investment Advice
Nothing on this site, or any product sold or any communication that you may have with us, our staff, officers, associates or affiliates constitutes investment or betting advice of any kind.We accept no liability for any cost, damage, loss, harm or other negative externality that may result as a consequence of your use of this site or purchase of the products sold by us.
We are not authorised by any financial regulatory authority in any jurisdiction, rather we are licensed as a bookmaker in the Isle of Man.
Force Majeure
We accept no liability for any losses that you may incur in the event of force majeure.We accept no liability for any losses occurring as a result of any external intervention including, but not limited to, that of governments, law enforcement agencies, God, destruction of computer hardware or software (yours or ours) or destruction of computer networks.
While we endeavour to ensure the security of your financial and personal information, by using state of the art security systems and backing up data in more than one country, we accept no liability for losses arising as a consequence of the inaccessibility, loss or destruction of data.
While recognising that it is unlikely that such an event will occur: in the event of a major act of war, large scale terrorist attack, nuclear event, rapid economic melt-down or natural disaster, as determined at our sole discretion, we reserve the right to freeze the system and mark each bet to market at the prevailing price before the event. We are not prepared to offer a forum on which people can profit from large scale disasters.
Erroneous pricing
In the event of bets being sold at prices that reflect erroneous inputs into our pricing models as a consequence of a technical error on our part, you accept that the transaction will, at our sole discretion, be deemed invalid.If this should occur we will notify you of the cancellation of your purchase including where possible a brief description of the error which led to the occurrence. If you believe that bets are being mis-priced, it is your duty to report this to us and not to attempt to gain any advantage as a result of the error. You agree that successful attempts by you to gain an advantage may result in action on our part to recover funds from you.
Transaction History
We store a complete history of all transactions, both financial and informational, made on the site. We reserve the right to store such information indefinitely or to purge it from our system at any time, subject to the laws of the Isle of Man.Client Requirements
In opening an account you certify that you are:1) at least 18 years of age,
2) acting as a private individual, NOT on behalf of a corporation or partnership,
3) able to bear the loss of 100% of funds that you deposit with us,
4) are of sufficiently sound mind and financial experience to make the relevant decisions necessary in your capacity as a client and understand the risks that you undertake,
5) have read, understood and agree to the Terms and Conditions contained herein,
6) are neither a citizen nor resident of the United States of America or any of her territories.
Notices
Any official correspondence with us must be made in writing to:Trinitas Capital (IOM) Ltd.
Exchange House
Athol Street
Douglas
Isle of Man
IM1 1JB
British Isles
We accept no liability for failing to receive any correspondence and must be assumed not to have received any electronic or other mail until such time as we acknowledge receipt.
