Before using BinaricX contract transactions, users should read and abide by the BinaricX Contract Trading User Use Agreement. Users must read it carefully, fully understand the content of each clause, especially the corresponding clauses of exemption or limitation of liability, and choose to accept or not accept. Unless the user has read and accepted all the terms of this agreement, the user does not have the right to use the BinaricX contract transaction and its corresponding services. The user’s login, review, and release of information on this service shall be deemed that the user has read and agreed to be bound by this agreement.
Scope of application
This service is only available to users aged 18 or over. By accessing or using our services, you represent and ensure that you are at least 18 years of age and have not been deprived of your right to apply the service. You also warrant that you are not on any trade or economic sanctions list, such as the United Nations Security Council sanctions list, nor is it restricted or prohibited from participating in any relevant sanctions by the European Union, the Hong Kong Monetary Authority, Hong Kong Customs, the U.S. Treasury’s Office of Overseas Assets Control and other administrative law enforcement agencies Type of transaction.
In addition, BinaricX respects all countries’ laws on blockchain-encrypted digital assets, and contract trading services are not open to residents of the following countries or regions: Afghanistan, Burundi, Belarus, Central African Republic, Congo, China, Ethiopia, Guinea, Guinea Bissau, Iraq, Iran, Democratic People’s Republic of Korea, Lebanon, Sri Lanka, Libya, Serbia, Sudan, Somalia, South Sudan, Syrian Arab Republic, Thailand, Tunisia, Trinidad and Tobago, Ukraine, Uganda, United States, Venezuela, Yemen, Zimbabwe, Cuba, United States (including all U.S. territories such as Puerto Rico, American Samoa, Guam). This list of excluded countries is subject to change and may vary by service.
1.1 Contract trading is a virtual currency derivative launched by BinaricX. BinaricX is responsible for product design management and trading platform operation services.
1.2 The user guarantees that when reading this agreement and registering as a user of this platform, the user has reached the age of 18: the content of this agreement is not excluded by the laws of the country or region to which the user belongs and shall comply with the corresponding laws of the country: abide by BinaricX’s transaction rules Contract trading product trading rules. If the foregoing conditions are not met, the user shall immediately terminate the registration or stop using the service.
2. Contract Product Rules
2.1 The subject of the contract includes BTC, ETH, LTC, and other virtual currency varieties and indexes recognized by BinaricX. When trading, the price is calculated in the unit shown on the contract target.
2.2 The contract type defaults to contract transactions. Contract transactions have no expiry date and never expire.
2.3 Funding rate: The platform periodically collects the user’s position receipts from time to time, and collects capital costs or rewards for fund subsidies. The reward or collection of capital costs is to avoid the concentration of transactions on one side, which leads to a sharp expansion of the difference between the one-sided opening price and the current price, which affects the market trading environment of the platform.
3. Trading rules
3.1 Users can issue transaction orders through the BinaricX APP and the methods approved by BinaricX. The entrusted content includes the entrusted price, entrusted quantity, entrusted direction, direction of opening and closing, and other contents required by BinaricX.
3.2 When a user places an order to open a position and closes the deal, the investor will establish a corresponding contract position. When the position is not closed, a floating profit and loss will occur as the price fluctuates.
3.3 When a user places an order to close an order and closes the transaction, the corresponding position will be deducted from the position held by the investor, and the floating profit or loss will be converted into a realized profit or loss.
4. Risk Control Rules
4.1 The principal required when an investor opens a position will be used as the contract’s fixed position principal. This part of the principal will be frozen and unusable when the user positions.
4.2 Forced liquidation system: When the margin calculated by the user’s position is less than or equal to 10%, the system will perform a forced liquidation of the position at the current market price at one time, and the surplus will be injected into the risk reserve
4.3 Risk Reserve: The risk reserve is established by BinaricX to provide financial guarantees to maintain the normal operation of contract transactions and to make up for losses caused by BinaricX’s unforeseen risks.
4.4 When the number of users’ positions or commissions is too large, BinaricX believes that it may cause serious risks to the system and other users. BinaricX has the right to require users to adopt risk control measures such as canceling orders and closing positions. When BinaricX deems it necessary, BinaricX It has the right to limit the total number of positions, limit the total number of orders, limit opening, cancellation of orders, and forced closing of positions for individual accounts for risk control.
After you open the contract transaction, BinaricX platform will also open an automatic commissioning system for you at the same time. The automatic commissioning system can automatically commission according to the parameters set in advance by the system. The logic of the automatic commissioning is fixed logic. %, Leverage multiple is 10 times, no stop loss and take profit price. Users can modify the setting parameters by themselves. The default value of the custom stop loss system is 70%, and the minimum stop loss can be adjusted to 80%. The take profit is different according to different leverage multiples. The default take profit = current price * (110% + 60% / Leverage). Automatic execution after commissioning. BinaricX will not perform any manual intervention on the actual execution of the commissioning during the process of automatic commissioning.
A. When the customer uses the automatic commission, it is deemed that the customer has fully understood the use method and potential risks of the automatic commission, and has unconditionally accepted the final result of the automatic commission execution.
B. When using automatic delegation, customers should carefully read the description of automatic delegation, fully understand the execution logic of automatic delegation and the role of various parameters, in order to set the execution parameters of automatic delegation correctly. BinaricX assumes no responsibility for the final execution result of the commission that is different from the client’s expectations due to insufficient understanding of the client by the client or incorrect parameter settings.
C. When the market is experiencing extreme conditions, the transaction result of the automatic commission may cause a large deviation from the customer’s expectations. Customers should fully understand the risk and set the automatic commission parameters carefully to avoid this risk. BinaricX assumes no responsibility for any discrepancies between the results of automated commission executions caused by market extremes and customer expectations.
D. Due to network delays, computer system failures and other possible irresistible factors, the execution of the automatic commissioning may be delayed, suspended, suspended or deviated. BinaricX will try its best to ensure but does not promise the stability and effectiveness of the automatic commissioning execution system. However, due to the above factors, the final execution result of the automatic commission is different from the customer’s expectations, and BinaricX assumes no responsibility.
E. According to the actual situation and needs, BinaricX can make necessary adjustments to the algorithm of automatic commissioning at any time, add new trading algorithms or suspend certain trading strategies. The above changes will be implemented after the BinaricX announcement.
6.1 When participating in contract transactions, users shall abide by the principles of fairness and impartiality.
6.2 BinaricX has the right to warn all malicious actions such as price manipulation, maliciously affecting the trading system, restrictions on transactions, and account closure. When necessary, BinaricX reserves the right to eliminate such adverse effects by suspending transactions, canceling transactions, and rolling back trading hours.
6.3 When the number of positions or commissions of the user is too large, BinaricX believes that it may cause serious risks to the system and other users. BinaricX has the right to require users to adopt risk control measures such as canceling orders and closing positions. When BinaricX deems it necessary, BinaricX It has the right to limit the total number of positions, limit the total number of orders, limit opening, cancellation of orders, and forced closing of positions for individual accounts for risk control.
6.4 BinaricX shall not be liable for damages when the system platform fails to operate normally due to the following conditions, which prevents the user from using the services or the normal commission, which includes but is not limited to:
A. BinaricX platform announcement during system downtime maintenance;
B. Telecommunication equipment fails to perform data transmission;
C. Due to force majeure factors such as typhoons, earthquakes, tsunamis, floods, power outages, wars, terrorist attacks, etc., causing the BinaricX platform system obstacles to perform business;
D. Service interruption or delay due to hacking, computer virus intrusion or outbreak, technical adjustments or failures of the telecommunications sector, website upgrades, banking issues, temporary shutdowns caused by government regulations, and other factors affecting the normal operation of the network
E. Losses caused by technical problems that cannot be predicted or solved by the existing technical forces of the industry;
F. Losses to users or other third parties due to the fault or delay of third parties.
6.5 Due to system failure, network reasons, unexpected transactions such as DDos hacking and other unexpected factors may cause abnormal transactions, market interruptions, and other possible abnormal conditions, BinaricX reserves the right to cancel abnormal transaction results and roll back all Deal.
6.6 The BinaricX trading platform will strictly prohibit any improper trading behavior, including but not limited to users using possible system vulnerabilities to conduct malicious entrustment, through large-scale entrustment, continuous entrustment, linked account reversal, etc. to maliciously manipulate prices and The BinaricX platform has the right to cancel abnormal transaction results and roll back some or all transactions for a certain period of time according to the actual situation.
6.7 The content of this agreement also includes the various system specifications of BinaricX, other agreements or rules in the annex to this agreement, and other related agreements and rules regarding this service that BinaricX may release from time to time. Once the above content is officially released, it is an integral part of this agreement, and users should also observe it. In case of conflict between the above content and this agreement, this agreement shall prevail. By registering or using any service under this agreement, you are deemed to have read and agreed to be bound by this agreement and the above contents. BinaricX has the right to unilaterally modify this agreement or the above contents when necessary. After the related content changes, if you continue to use the service, you will be deemed to have accepted the modified related content. If you do not accept the modified content, you should stop using the related services.
6.8 The establishment, entry into force, performance, interpretation and dispute resolution of this agreement shall be governed by the laws of Estonia.
6.9 If there is any dispute or dispute between you and BinaricX, it shall be settled through friendly negotiation first; if the negotiation is unsuccessful, both parties agree to submit the dispute or dispute to a court of competent jurisdiction in Estonia for settlement.
6.10 Prohibitions on Contract Trading (Alignment with International Standard Contract Trading Platform)
6.10.1 It is forbidden for users (the system judges users to cheat through multi-dimensional feature recognition) to use multiple accounts and devices to carry out illegal arbitrage (including but not limited to fee handling, rebates, bonuses, hedging, etc.) The system detects illegal arbitrage users and takes corresponding measures (including but not limited to title seals, frozen assets, restricted logins, etc.).
6.10.2 In order to ensure the normal trading experience of ordinary users, the platform reserves the right to exercise the following measures for users who are detected by the system to use ultra-short-term transactions (ultra-short-term frequent opening and closing of positions):
- Immediately terminate your account and access to our servers and deduct illegal income.
- Invalidate all transactions that constitute ultra-short-term trading activities (ie, treat transactions as never happening).
- According to our current market prices, all transactions that constitute ultra-short-term trading activities are closed.
- Increase your holding time (that is, a position can be closed for a period of time).
6.10.3 BinaricX strictly prohibits unfair trading practices. BinaricX reserves the right, at its sole discretion, to exercise executive control over your account if you:
- Participate in price manipulation or any other malicious market behavior
- May harm other users or BinaricX by exploiting vulnerabilities in the Service or other unreasonable means
- Participate in any other activity that BinaricX considers harmful to the market
6.11 If necessary, BinaricX reserves the right to unilaterally change the content of this Agreement at any time, and BinaricX does not need to notify you in advance. If BinaricX unilaterally changes the contents of this agreement, the changed content will be announced immediately on BinaricX’s website. Please check the latest information on BinaricX’s website at that time. After the above changes are announced, if you continue to use the service, you are deemed to have agreed to the changes to this agreement. If you do not agree to the changes to this agreement, you should stop using the service.
The headings of all the terms of this agreement are for convenience only. They have no actual meaning and cannot be used as a basis for interpreting the meaning of this agreement