Terms and Conditions of Internet Betting
It is the responsibility of each customer to read and understand this legal notice and the terms and conditions pursuant to which an acquisition of financial bets via this site is governed.
The term "the Company" shall denote either of Regent Markets (IOM) Ltd., Regent Markets (Malta) Ltd. or Regent Markets (CR) S.A., depending on the jurisdiction to which a client's account has been attached in accordance with the account opening procedures of the website and as detailed in the About Us section of the website.
- Laws regarding financial betting contracts vary throughout the world, and it is the responsibility of persons accessing this site to ensure that they understand and fully comply with any laws or regulations relevant to themselves in their own country. This site does not constitute, and may not be used for the purposes of, an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation. Access to this site and the offering of financial betting contracts via this site in certain jurisdictions may be restricted and, accordingly, persons accessing this site are required to inform themselves about and to observe such restrictions.
- The financial betting services contained within this site are only suitable for customers who are able to bear the loss of all the money they invest and who understand and have experience of the risks involved in the acquisition of financial betting contracts.
- International currency, stock index or commodity prices are highly volatile and very difficult to predict. Due to such volatility, plus the bias in the pricing system favouring the website (as described in more detail below), no financial betting contract purchased in our system (whether or not the payout exceeds the premium amount) can be considered a safe bet.
- The maximum losses that may be incurred by any customer is the amount of money paid by him to the Company.
- The Company reserves the right in its sole discretion to refuse and/or cancel services to anyone for any reasons including, but not limited to:
- any instance where the Company believes that person's activities at this site may be illegal in that person's country or state;
- any instance where the Company may be approached or contacted by legal authorities or regulators from that person's country or state;
- any instance where the Company may suffer any pecuniary, fiscal or regulatory disadvantage by virtue of that person's activities at this site;
- any instance where transactions on this website are performed in breach of the present terms and conditions.
- any restriction to its clients from purchasing any bets during certain hours.
- The calculation of the price to be paid (or the payout to be received) for financial betting contracts on this site at the time the financial betting contract is purchased or sold will be based on the Company's best estimate of market price movements and the expected level of interest rates, implied volatilities and other market conditions during the life of the financial betting contract, and is based on complex mathematics. The calculation will include a bias in favour of the Company. The financial betting contract prices (or the payout amounts) offered to customers speculating on market or index prices may differ substantially from prices available in the primary markets where stock indices or commodities or contracts thereupon are traded, due to the bias favouring the Company in the price calculation system referred to above. The charting data made available to clients by the Company is indicative only and may at times differ from the real market values. The Company's decision as to the calculation of a financial betting contract price will be final and binding.
- The Company does not provide a market amongst or between customers for investments, securities, derivatives or speculations. Each financial betting contract purchased by a customer via this site is an individual agreement between that customer and the Company and is not a security, nor is it transferable, negotiable or assignable to or with any third party.
- Acquisition of financial betting contracts through this site must be effected in accordance with the terms and conditions presented on the pages of this site. Acquisition of a financial betting contract is completed when the financial betting contract has been customised, the premium (or the payout, as the case may be) has been calculated and payment has been verified.
- Each customer agrees to be fully and personally liable for the due settlement of every transaction entered into under his account with the Company. This includes any transactions entered into by members of the Customer's family or entourage who have gained access to the account. The Customer is responsible for ensuring that he alone controls access to the account, and that no minors are granted access to trading on the website. In any case, the Customer remains fully liable for any and all positions traded on his account, and for any credit card transactions entered into the site for his account. Each Customer also indemnifies the Company in respect to all costs and losses of any kind, whatsoever as may be incurred by the Company as a result, direct or indirect, of the Customer's failure to perform or settle such a transaction. Online Gambling debts are enforceable in law in the Isle of Man.
- Monies collected from customers are not invested in any securities, futures, currencies, derivatives or other investments, on behalf of customers.
- No person shall abuse this site for the purpose of money laundering. The Company employs best-practice anti-money laundering procedures, which may have several effects on customers. The Company reserves the right to refuse to do business with, to discontinue to do business with, and to reverse the transactions of, customers who do not accept or adhere to these anti-money laundering processes. The anti-money laundering processes have the following effects on customers:
- Customers must fill into the account opening form all requested details that establish his/her identity.
- Winnings may only be paid to the initiator of an account. When a customer maintains an account by means of telegraphic deposits, winnings are only paid to the holder of the originating bank account, and it is the onus of the customer to ensure that account number and name accompany all transfers to the Company. When a customer maintains an account by means of credit/debit card deposits, winnings are only paid back to the same card.
- Only one account is allowed per person. No winnings may be collected on accounts opened in false names or on multiple accounts opened by the same person.
- The Company may, from time to time, at its sole discretion, require a customer to provide proof of identity (such as notarized copy of passport or other means of identity verification as the Company deems required under the circumstances) and may at its sole discretion suspend an account until such proof has been provided to its satisfaction.
- You agree that we may use Personal information provided by you in order to conduct appropriate anti fraud checks. Personal Information that you provide may be disclosed to a credit reference or fraud prevention agency, which may keep a record of that information.
- The Company reserves the right to suspend the operation of this site or sections thereof
- when, as a result of political, economic, military or monetary events (including unusual market volatility or illiquidity) or any circumstances outside the control, responsibility and power of the Company, the continued operation of this site is not reasonably practicable without materially and adversely affecting and prejudicing the interests of customers or the Company, or if, in the opinion of the Company, a price cannot be calculated for financial betting contracts; or
- when there is a breakdown in the means of communication normally employed in determining the price or value of any of the financial betting contracts or where the price or value of any of the financial betting contracts cannot be promptly or accurately ascertained.
- The Company may impose volume betting limits on Customer accounts in its sole discretion. Current betting volume limits upon account opening are USD/GBP/EUR/AUD 30,000/day maximum betting volume. The maximum account size (i.e. cash balance) is USD/GBP/EUR/AUD 25,000 and the maximum outstanding bet payout at a given time per account is USD/GBP/EUR/AUD 25,000. These limits are increased once a client fully authenticates himself; where the new maximum betting volume will be USD/GBP/EUR/AUD 150000, having a maximum account size of USD/GBP/EUR/AUD 150000 and a maximum outstanding bet payout at a given time per account of USD/GBP/EUR/AUD 150000. If the account balance exceeds the maximum account size, then withdrawals must be made to bring the balance down to under this limit.
- Any information given on these pages and/or emails or newsletters sent by the company related thereto, is not intended as financial or investment advice and the Company will not accept any liability in this respect, nor will the Company accept any responsibility for the accuracy or comprehensiveness of the information provided on this site.
- The right is reserved to amend or change the rules and scope of this service from time to time. Any change to the rules made whilst the site is in operation will not apply retrospectively and will only apply to acquisitions of financial betting contracts made after such change.
- Contract payouts shall be determined by the Company by reference to the daily high/low/close values reported on this website relevant to the underlying index(ices) of the contract(s) or from the interbank trading data received by the Company for forex quotes or commodities prices as displayed on the website, subject that the Company shall have the right to make corrections to such data in the event of mis-priced or typographically incorrect data. Customers should note that the different markets may close at different times during the day due to local trading hours and time zones. In the case of single stock and stock index prices, the final closing price as reported by the relevant Exchange shall apply for all settlements (this final settlement price may, at times, be reported by the Exchange 30-90 minutes after the official closing time of the market). For forex quotes the closing times are defined by the Company as shown in the Market Opening Times section of the website. In the event of any dispute regarding market or settlement values, the decision of the Company shall be final and binding. Customers should note that certain markets (such as stocks and stock indices) are not open throughout the day and that trading may not be available when the markets are closed.
- The Company will not be liable in any way to any persons in the event of force majeure, or for the act of any Government or legal authority or for the failure of or damage or destruction to, its computer systems, data or records or any part thereof, or for delays, losses, errors or omissions resulting from the failure or mismanagement of any telecommunications or computer equipment or software.
- In the case that any financial betting contracts are acquired or sold at prices that do not reflect fair market prices or that are acquired or sold at an abnormally low level of risk due to an undetected programming error, bug or glitch in our website software, the Company reserves the right to cancel or reverse such transactions upon notification to the customer of the nature of the computer error that led to the mis-pricing. Customers have a duty to report to the Company any problems or suspected system inadequacies that they may experience and may not abuse of system problems for profit. The Company will endeavor to resolve any such difficulties in the shortest time possible. Persons with insider knowledge of any financial market or instrument are prohibited from trading at this website.
- The transactions performed on this site and the relationship between customers and the Company are to be governed by and construed in accordance with the laws of the country of incorporation of the Company (the "Jurisdiction"), which shall be either of the Isle of Man, Malta, or Costa Rica. You agree that the Jurisdiction's courts will have sole jurisdiction to settle any disputes that may arise in relation thereto. For such purposes, you irrevocably submit to the jurisdiction of the courts of the Jurisdiction in relation to any such dispute and you agree that any claim you might have against the Company shall only be brought before the courts of the Jurisdiction. You can raise any unresolved disputes you might have with Regent Markets (Malta) Ltd with the Lotteries and Gaming Authority at complaints@lga.com.mt and any disputes with Regent Markets (IOM) Ltd with the Isle of Man Gambling Supervision Commission at gaming@gov.im. In the event of any differences between the English version of this website and any other language, the English version shall prevail.
- The company reserves the right to charge a dormant fee of up to USD/EUR/AUD/GBP25 every 6 months for every customer account that has had no transaction recorded for over 12 months.
- You may only open an account at this site on condition that:
- you have read this Legal Terms and Conditions page in full and understood that you will be buying and selling financial bets subject to these terms and conditions;
- you have read our privacy statement and hereby give us consent to process your personal information as outlined there;
- you are over 18 years of age, unless you are an Estonian resident whereby you would have to be over 21;
- you have sufficient experience and knowledge in matters of financial betting to be capable of evaluating the merits and risks of acquiring financial betting contracts via this site and have done so without relying on any information contained in this site.
Further Betting Rules
The Company may impose certain rules and restrictions in relation to the placing of market orders on this website. Such rules may change from time to time, according to market conditions and other factors. The following indicative rules are currently in place:
- Bets will not usually be offered at odds under 0.05-to-1 (i.e. payouts of under USD/GBP/EUR/AUD 1.05 for each USD/GBP/EUR/AUD 1 staked).
- Contracts are not usually offered in the last hour of trade of any given market (for foreign exchange markets, the restriction is extended to 2 hours).
- Contracts will not usually be offered when the underlying market is at its intraday high or intraday low.
- Contracts will not usually be offered during the first 15 minutes of market trade.
- During fast markets (i.e. periods of very fast market movements), contracts may be offered at prices more unfavourable than those offered in usual market conditions.
- Certain limits are imposed as to the acceptable levels for barrier/strike prices of contracts. Typically, the barrier/strike may not be too close nor too far from the current underlying market level.
- Contracts may not expire on a weekend; therefore the expiry date of a contract may be pushed back to the following Monday in the event of a contract expiry date falling on a Saturday or a Sunday.
- Stock and Stock index contracts may not be purchased outside of market opening hours.
- Stock index closing prices are determined by reference to the official Exchange closing price, which may be reported by the relevant Exchange 30-90 minutes after the closing time, and may differ from the latest tick price that occurred at the closing time.
'Get X when you deposit Y' bonus code
In these terms and conditions, Y represents the amount of funds that you must deposit and X represents the bonus amount that you will receive.
- Deposit Y or more and we will add an additional X to your account after five times X in betting volume is made. By way of example, if you claim a "Deposit $100, get $20 bonus" offer, then the $20 bonus will be credited as "pending" to your account once you deposit $100. Once you reach (5 * $20 = $100) in betting volume, the $20 bonus will be released to your account upon approval.
- The bonus code can only be entered and activated upon account opening.
- This promotion is only available to new Clients. Existing or former Clients do not qualify. It is only available once to each Client.
- This offer cannot be used in conjuction with any other offer.
- The bonus will only be paid according to the first deposit amount, and will not be given based on multiple deposits that accumulate to Y.
- You may withdraw the Y deposited to claim the bonus and any winnings generated by the bonus at any time.
- The company reserves the right to cancel/prohibit the use of this promotion at its own discretion at any time.
'Free Bet' bonus code
- The bonus code can only be entered during account opening.
- It will be release to your account upon approval.
- This promotion is only available to new Clients. Existing or former Clients do not qualify. It is only available once to each Client.
- This offer cannot be used in conjuction with any other offer.
- You may withdraw your winnings from such bonus deposited once you have exceeded an account turnover of USD/GBP/EUR/AUD250.
- Where an account is funded solely by means of a bonus code, the maximum amount of winnings allowed on such accounts shall be 25 times the amount of such bonus amount.
- The company reserves the right to cancel/prohibit the use of this promotion at its own discretion at any time.
'Matched Bet' bonus code
- By claiming this code, if you make a bet of X or greater, we will credit the X free bet to your account. By way of example, if you claim a "Free $10 bet" code, then $10 will be credited to your account upon approval once you have bets totalling $10 or greater in volume.
- The promotional code can only be entered and activated upon account opening.
- This promotion is only available to new Clients. Existing or former Clients do not qualify. It is only available once to each Client.
- This offer cannot be used in conjunction with any other offer.
- The company reserves the right to cancel/prohibit the use of this promotion at its own discretion at any time.
It is important that you read and understand the contents of these terms and conditions. By indicating your acceptance of these terms and conditions and continuing with your application to join our affiliate programme, you are agreeing (subject to our approval of your application) to the terms and conditions below. If you do not agree with the terms and conditions (or are not authorised to do so) you should not continue with your application. You should be the owner of, or acting on behalf of the owner of the website that is signing up for this affiliate programme. If you have any questions regarding our affiliate programme, please email our affiliate manager directly at affiliates@BetOnMarkets.com.
- This Document
- 1.1 This document (the "Agreement") sets out the terms and conditions between "the Company" which shall denote either of Regent Markets (IOM) Ltd., Regent Markets (Malta) Ltd. or Regent Markets (CR) S.A., depending on the jurisdiction to which an affiliate's account has been attached in accordance with the account opening procedures of the website, and you (the person who applied for this programme)("you" or "your"), in relation to your application to setup an affiliate account (and membership of the affiliate programme if your application is deemed successful) to promote the website www.BetOnMarkets.com.
- 1.2 The Company reserves the right to change any part of this Agreement at any time. Notice of any changes will be sent to your email address 7 days in advance of any such changes, but it is ultimately your responsibility to check these terms and conditions regularly. Your continued participation in our affiliate programme after we have posted the changes will constitute binding acceptance of such changes.
- Acceptance
- 2.1 By requesting membership to our affiliate programme you are agreeing to the terms and conditions set out in this Agreement. The application form will form an integral part of this Agreement.
- 2.2 The Company will in its sole discretion determine whether or not your application has been successful. The Company's decision is final and is not open to appeal.
- 2.3 The Company will notify you by email if your application has been successful with instructions as to what you must do to promote us.
- 2.3.1 We will provide you the Links to include on your Site (if you are promoting BetOnMarkets.com via Online method) and the affiliate IDs to Quote to your clients (if you are promoting BetOnMarkets.com via Offline method)
- Promoting the BetOnMarkets.com Site
- 3.1 Throughout the term of this Agreement, you shall:
- 3.1.1 Prominently incorporate and continually display the most up-to-date Links provided to you by the Company on your Site and you shall not alter the form, location or operation of the Links without the Company's prior consent.
- 3.1.2 Provide the Company with all data and information (including, but not limited to, passwords) at no charge to the Company to enable the Company to monitor your Site to ensure you are complying with these terms and conditions.
- 3.1.3 Maintain your Site and promote BetOnMarkets.com in an appropriate manner and contact us if you are changing design or layout or adding material that may influence our opinion as to whether you are a suitable affiliate partner.
- 3.1.4 Ensure that you do not promote BetOnMarkets.com aimed at persons under the age of 18 years.
- 3.2 You shall at all times comply with the Data Protection Acts 1988 and 2003 and the European Communities (Electronic Communications Networks and Services) (Data Protection and Privacy) Regulations 2003 and any other related or similar legislation and you shall indemnify on demand and hold harmless us from and against any and all losses, demands, claims, damages, costs, expenses (including, but not limited to, consequential losses and loss of profit, reasonable legal costs and expenses and VAT thereon if applicable) and liabilities suffered or incurred, directly or indirectly, by the Company in consequence of any breach by you this of obligation.
- 3.3 You may not purchase or register keywords, search terms or other identifiers for use in any search engine, portal, sponsored advertising service or other search or referral service which are identical or similar to any of the Company's trade marks or trade names that include the word "BetOnMarkets" or any variation thereof. However, this does not extend to the use of metatag keywords on your site which are identical or similar to any of the Company's trade marks or trade names including the term BetOnMarkets.
- 3.4 Neither you nor your direct relatives are eligible to become Clients and you shall not be entitled to any share of net revenue or any other remuneration from the Company in relation to such relatives or friends. Direct relatives in this context shall include your spouse, partner, parent, child or sibling.
- 3.5 You shall indemnify on demand and hold harmless us from and against any and all losses, demands, claims, damages, costs, expenses (including, but not limited to, consequential losses and loss of profit, reasonable legal costs and expenses and VAT thereon if applicable) and liabilities suffered or incurred, directly or indirectly, by the Company in consequence of any breach by you of clause 3.3 or 3.4.
- 3.1 Throughout the term of this Agreement, you shall:
- The Company's Obligations
- 4.1 The Company will provide you with the Links in flash, animated gif and text formats (and occasionally in other formats), which may include Links containing affiliate IDs and which may be modified by us from time to time.
- 4.2 Subject to your complying with the Company's instructions with regard to tracking Clients accessing BetOnMarkets.com via the Links on your Site or by quoting your affiliate Ids during signup, the Company shall use all reasonable endeavours to ensure that whenever a Client links to BetOnMarkets.com through these Links or affiliate Ids and they subsequently place a bet or otherwise transact with the Company, the relevant Client is identified as originating from you or your Site. However, the Company shall not be liable to you in any way if the Company is unable to identify a Client as originating from you or your Site.
- 4.3 The Company shall be entitled to exercise any of its rights or fulfil any of its obligations hereunder (including without limitation its payment obligations pursuant to clause 5) through any company within the Company (as defined below).
- Payments
- 5.1 The Company shall pay you (in accordance with the provisions of clause 5.3) the currently published percentage of net revenues (as detailed on the commission page of your Affiliate account)received during the term of the Agreement.
- 5.2 The Company shall provide you with statements accessible through the website www.BetOnMarkets.com detailing the revenues generated by Clients you have introduced, if any, which have accrued to you over the course of the calendar month. Such statements shall be updated monthly. At the end of a calendar month, the Company shall record your total share of Net Revenues, if any, during the previous calendar month. In the event that a revenue share in any calendar month is a negative amount, the Company shall be entitled but not obliged to carry forward and set off such negative amount against future revenue shares which would otherwise be payable to you. However the Company shall also be entitled but not obliged to zero the negative balance that would otherwise be carried forward.
- 5.3 Payment will be made monthly, on or around the 15th day of each month, and credited to your specified BetOnMarkets.com account.
- 5.4 If an error is made in the calculation of your share of the revenue share, the Company reserves the right to correct such calculation at any time and to reclaim from you any overpayment made by the Company to you (including, without limitation, by way of reducing future payments which might otherwise be due to you from us from time to time).
- Licence to use Marks
- 6.1 The Company hereby grants you a non-exclusive, non-transferable license, during the term of this Agreement, to use the BetOnMarkets intellectual-property marks (licensed, in turn by us, from their owner) solely in connection with the display of the banners on your Site. This license cannot be sub-licensed, assigned or otherwise transferred by you. Your right to use the marks is limited to and arises only out of this license to use the banners. You shall not assert the invalidity, unenforceability, or contest the ownership of the marks in any action or proceeding of whatever kind or nature, and shall not take any action that may prejudice our or our licensor's rights in the marks, render the same generic, or otherwise weaken their validity or diminish their associated goodwill.
- Warranties
- 7.1 Each party to this Agreement represents and warrants to the other that it has, and will retain throughout the Term all right, title and authority to enter into this Agreement, to grant to the other party the rights and licences granted in this Agreement and to perform all of its obligations under this Agreement.
- 7.2 You represent, warrant and undertake that your Site or promotion shall contain no material which is defamatory, pornographic, unlawful, harmful, threatening, defamatory, obscene, harassing, or racially, ethnically, or otherwise objectionable or discriminatory, violent, politically sensitive or otherwise controversial or in breach of any third party rights and shall not link to any such material.
- Disclaimer
The Company makes no claims that BetOnMarkets.com will be uninterrupted or provide an error free service and will not be liable for the consequences of any such errors or interruptions.
- Indemnity and Liability
- 9.1 You shall indemnify on demand and hold harmless us from and against any and all losses, demands, claims, damages, costs, expenses (including, but not limited to, consequential losses and loss of profit, reasonable legal costs and expenses and VAT thereon if applicable) and liabilities suffered or incurred, directly or indirectly, by the Company in consequence of any breach, non-performance or non-observance by you of any of your obligations or warranties under this Agreement.
- 9.2 Nothing in this Agreement limits or excludes the Company's liability for death or personal injury due to its negligence or for liability arising under any other law.
- 9.3 The Company shall not be liable to you in contract, or otherwise (including liability for negligence) for loss whether direct or indirect of business, revenue or profits, anticipated savings or wasted expenditure, corruption or destruction of data or for any indirect or consequential loss whatever.
- Termination
- 10.1 This Agreement shall commence on the date that the Company notifies you that your application to join the the Company affiliates programme has been successful and shall continue until terminated in accordance with this clause.
- 10.2 This Agreement may be terminated forthwith by either party on written notice to the other party if the other party is in material breach of the terms of the Agreement and, in the event of a breach capable of being remedied, fails to remedy the breach within 15 days of receipt of notice in writing of such breach.
- 10.3 Either party may terminate this Agreement forthwith on written notice if a receiver, examiner or administrator is appointed of the whole or any part of the other party's assets or the other party is struck off the Register of Companies in the jurisdiction where it was incorporated or an order is made or a resolution passed for winding up of the other party (unless such order or resolution is part of a voluntary scheme for the reconstruction or amalgamation of that party as a solvent corporation and the resulting corporation, if a different legal person, undertakes to be bound by this Agreement).
- 10.4 Either party may terminate this Agreement on delivery of one weeks' prior written notice to the other party.
- 10.5 Termination of this Agreement shall not prejudice any rights of any party which may have arisen on or before the date of termination.
- General
- 11.1 This Agreement contains the entire agreement between the parties with respect to its subject matter and supersedes all previous agreements and understandings between the parties with respect to its subject matter.
- 11.2 No delay, neglect, or forbearance on the part of either party in enforcing against the other party any term or condition of this Agreement shall either be or be deemed to be a waiver or in any way prejudice any right of that party under this Agreement.
- 11.3 If any provision of this Agreement is held to be void or unenforceable in whole or part, the impugned provision (or part thereof) shall be deemed to be deleted from this Agreement and the remaining provisions (including the remainder of the affected provision) shall continue to be valid and applicable.
- 11.4 Any notice given or made under this Agreement to the Company shall be by email to affiliates@BetOnMarkets.com. The Company shall send you any notices given or made under this Agreement to the email address supplied on your application form or such other email address as notified by you to the Company.
- 11.5 During the term of this Agreement, you may be entrusted with confidential information relating to the business, operations, or underlying technology of the Company and/or the the Company's affiliate programme. You agree to avoid disclosure or unauthorised use of the confidential information to third persons or outside parties unless you have the Company's prior written consent and that you will use the Confidential Information only for purposes necessary to further the purposes of this Agreement. Your obligations with regards to confidential information shall survive the termination of this Agreement.
- 11.6 This Agreement shall be governed by and construed in accordance with the laws of the country of incorporation of the Company (the "Jurisdiction"), which shall be either of the Isle of Man, Malta, or Costa Rica. You agree that the Jurisdiction's courts will have sole jurisdiction to settle any disputes that may arise in relation thereto. For such purposes, you irrevocably submit to the jurisdiction of the courts of the Jurisdiction in relation to any such dispute and you agree that any claim you might have against the Company shall only be brought before the courts of the Jurisdiction. In the event of any differences between the English version of this website and any other language, the English version shall prevail.
A Trading Agent is a person or entity other than the Client, who is given the ability to buy and sell bets on behalf of the Client in the Client's Account.
Should you wish to proceed with appointing a Trading Agent you must read and agree to the following.
The Client authorises a Trading Agent and attorney in-fact for the purpose of buying and selling fixed odds financial bets through the Client's account at his/her sole risk. The Client hereby indemnifies and holds harmless the Company for losses and all other liabilities that arise directly or indirectly through Client's or Trading Agent's transactions.
Upon appointment of a Trading Agent, the Client acknowledges and understands that the Company is hereby giving authorisation to follow the instructions of the authorised Trading Agent in every respect with regards to the Client's financial betting account with the Company, EXCEPT for the withdrawal of any funds from the Client's account. The Company will not in any way be liable or responsible for any buy or sell trading actions done on the Client's behalf by the Trading Agent, or for any losses incurred by the Trading Agent for the Client's Account. Furthermore, the Company does not endorse the Trading Agent nor does it vouch for the background, or experience of the Trading Agent, nor does the Company endorse any operating methods used by the Trading Agent, including when trading for the Client's account.
The Client acknowledges and understands that a Trading Agent authorisation may be revoked by the Client giving notice to the Company, however such revocation may require up to two business days processing time.
Information about the data feeds used by our company, and how the data is processed before being fed into the system.
Filtering Stray Ticks
Our servers apply a tick filtering algorithm. The purpose of this filtering algorithm is to strip the feed of stray ticks. Stray ticks are ticks that manifestly fall outside of the current trading range of the market; such ticks are often due to communication delays with the exchanges or banks that provide quotes, human error, or database problems at any point between the originator of the quote and our servers.
The filtering algorithm is based on a mathematical formula similar to the "Bollinger Bands" volatility system - i.e., short-term volatility bands are determined around the present market value, and ticks that are manifestly outside of such bands are removed.
Smoothing out random noise
Once stray ticks have been removed, a very short-term smoothing algorithm is applied to the data feed. This smoothing algorithm removes a little of the "random noise" surrounding the data feed, and ensures that customers who buy path-dependent contracts (such as the one-touch or barrier-range contracts) will not have their contracts knocked-in or knocked-out by random short-term market noise that does not reflect the true market price.
Differences with other data feeds
Our data feed may at times differ slightly from other data feeds found on the internet (who may themselves differ between each other). Reasons for differences in feed providers include:
- For forex: The forex market is an OTC (over the counter) market, where banks and other major financial institutions trade currencies amongst themselves without there being any central clearing house. Accordingly, there is no 'official' price source for forex quotes. Different data feeds will contain quotes from a different sub-set of international banks. Accordingly prices may differ between providers, depending on which bank(s) they obtain prices from.
- The smoothing and filtering algorithms described above.
- Market-closing times : Please refer to Market Opening Times page for the exact time of settlement for all bets. Other websites may adopt a different convention (for example some websites choose 4 o'clock NY time, or 5 o'clock London time). As a result, the open, high, low and closing prices displayed on our website may differ to those on other websites, due to the market-closing time convention.
- Use of bid/ask prices : when the market is illiquid, the data feed may contain many bid and ask prices, without there actually being any traded price for quite a while. By taking an average of the bid/ask price (i.e. bid + ask, divided by 2), a market quote is generated that reflects the current market, without it actually being a traded price. Our system will generate prices from these bid and ask prices, whereas other websites might not. As a result, our website might display ticks that do not appear in the data feeds of other websites.
Our data feed is designed to be one of the best and most robust available for a trading environment.
Number of quoted digits
Currency quotes are truncated to 5 digits and all contracts are purchased and settled based on 5-digit currency quotes. However, for the Run Bets only, a 6th digit is retained.
Weekend quotes
Please note that weekend quotes are ignored for the purpose of contract settlement. During weekends, the forex markets may occasionally generate prices, however these prices are often artificial (traders sometimes take advantage of the illiquidity of the markets during weekends to push up or down prices). To avoid settling prices based on such artificial prices, it is BetOnMarkets's policy not to count weekend prices towards bet settlement values (except for the random indices, which are open during weekends).
We recognize the importance of protecting your personal and financial information.
The personal information that we obtain about you assists us in servicing your account. We know you may be concerned about what we do with this information, and with financial information about your account. The following outlines our privacy practices.
Use of Information
The Data Protection laws and regulations place obligations on users of personal data and lay down principles for fair and lawful processing of this information. We are committed to safeguarding your privacy online. We only use your personal information to help us service your account, to improve our services to you, and to provide you with products you have requested. We do not sell your personal information to third parties, but we may provide your personal information to payment providers to facilitate transactions on your account.
Your personal information is used primarily as a way of authenticating you as the proper owner of your account and as the person to whom withdrawal payments may be made. We collect personal data relating to you directly from you when you fill in the account opening form. In the event of any doubt as to the authenticity of your account details or of any withdrawal request, the company reserves the right to request further authentication information as may be deemed appropriate under the circumstances.
The above personal data that we collect will be held by us and processed for any purpose as may be allowed by law or required by any law. We may also transfer such personal data to any company within the Regent Markets Group of companies or any of our business associates.
Please note that our website generates log files that record the IP addresses of accesses to your account. This information is gathered with the sole purpose of assisting in the unlikely event of a need to investigate accesses to your account by unauthorized users. Additionally we may verify certain of the information you supply in the account opening form, or otherwise, with third-party information providers.
Please note that you may update your personal information at any time by logging into the "Settings" section of your account. It is your responsibility to ensure that BetOnMarkets is promptly and continually informed of any change in your personal information.
Security Statement
We are committed to making sure your personal data and transactions are secure:
- Your password and login ID are unique and passwords are encrypted so that not even BetOnMarkets staff can read them. This is the reason why we cannot retrieve your password and have to issue you with a new one to your email address if you cannot recall it.
- We maintain customer balances in cash or cash equivalent. We ensure that 100% of each customer's balance is available for immediate withdrawal, subject to verification.
- All credit card details are submitted directly to the Visa/Mastercard network using the latest SSL encryption technology, in accordance with bank policies.
- Our information security policies are based on industry best practices in access control and business continuity.
- We use identity verification services and real-time fraud detection measures to help protect you from unauthorized access to your account. We also monitor account activity for signs of unusual activity that might indicate fraud and work with collection agencies and law-enforcement agencies to address fraud issues.
Cookies
This website does not collect personally identifying information about you except when you specifically and knowingly provide it. There is a technology called "cookies" which can be used to provide tailored information from a website. A cookie is an element of data that a website can send to your browser, which may then store it on your system. You can set your browser to notify you when you receive a cookie, giving you the chance to decide whether to accept it. If you do not accept the cookie, then you will need to input your loginID and password again at every form required to enter into the system. You are advised to choose this option if you have concerns about the security of your personal browser or PC.
Links
This website contains links to other websites and may contain banner or icon advertisements related to third-party websites. These websites and the advertisements thereof may submit cookies onto your web browser and as such are beyond our control. We are not responsible for the privacy practices or the content of such websites. We encourage you to read the privacy policies of these websites, because their practices may differ from ours.
Notification of Changes
Any changes in our privacy policy or security statement will be posted onto this website. In the event of material changes that directly affect the economic use of your personal information, we will request your prior authorization in writing before effecting such change on your account.
You also have the right to request from us to inform you about the personal data that we process about you and to request its correction where necessary. This request must be made in writing to us and signed by you as the data subject.
The BetOnMarkets website is protected by certain copyrights.
The materials comprising the BetOnMarkets website (including without limitation all articles, text, images, logos, compilation, systems, code and design) are Copyright 1999-2010 Regent Markets Group of companies. All rights reserved.
Such materials may be copied and distributed on a limited basis for noncommercial purposes only, provided that any material copied remains intact and that all copies include the following notice in a clearly visible position: “Copyright 1999-2010 Regent Markets Group. All rights reserved.”
These materials may not be copied or redistributed for commercial purposes or for compensation of any kind without prior written permission from a Regent Markets Group company. If you have questions about these terms or would like information about licensing materials from Regent Markets Group, please contact us.
"Betonmarkets" is a registered trademark.
Contract Risks
The financial betting services contained within this site are only suitable for customers who are able to bear the loss of all the money they invest and who understand and have experience of the risks involved in the acquisition of financial betting contracts. Transactions in financial contracts carry a high degree of risk. If the purchased contracts expire worthless, you will suffer a total loss of your investment, which will consist of the contract premium. If you are contemplating purchasing deep-out-of-the-money contracts (where the strike/barrier price is far away from the current underlying spot price), you should be aware that the chance of such contracts becoming profitable ordinarily is remote.
Trading financial betting contracts involves a high level of risk and may not be suitable for all persons. Before deciding to trade financial bets you should carefully consider your objectives, level of experience and risk appetite. You should be aware of all the risks associated with financial betting and seek advice from an independent financial advisor if you have any doubts.
International currency, stock index or commodity prices are highly volatile and very difficult to predict. Due to such volatility, plus the bias in the pricing system favouring the website, no financial betting contract purchased in our system (whether or not the payout exceeds the premium amount) can be considered a safe bet.
Market Opinions
All opinions, news, research, analysis, prices or other information contained on this website are provided as general market commentary and do not constitute investment advice. BetOnMarkets will not accept liability for any loss or damage, including but without limitation to, any loss of profit that may arise directly or indirectly from use of or reliance on such information.
Internet Trading Risks
There are risks associated with utilizing an Internet-based deal execution trading system, including but not limited to the failure of hardware, software and Internet connection. Since BetOnMarkets does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet.
Accuracy of Information
The content on this website is subject to change at any time without notice and is provided for the sole purpose of assisting traders in making independent investment decisions. BetOnMarkets has taken reasonable measures to ensure the accuracy of the information on the website, however, the company does not guarantee its accuracy and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notification sent through this website.