1.1 CoinDeck Trading Services (the “Service”) is a financial trading platform facilitating Cryptocurrency trading for Options and Margin trading, operated by CoinDeck Innovations Ltd. (hereafter “CoinDeck”). By utilizing CoinDeck Trading Services, you must thoroughly review, comprehend, and agree to the “CoinDeck User Agreement” as outlined herein. Before opting to accept this Agreement, please carefully read through all the terms and conditions.
1.2 Please acknowledge that using the Service signifies your acceptance of the terms within this Agreement. Usage of the Service is contingent upon agreeing to these terms.
2.1 By accessing CoinDeck Trading Services, you affirm:
- You have agreed to and are eligible under the terms outlined in the “CoinDeck Terms of Service.”
- Your usage does not contravene the laws of your country or region.
- You are the legal owner of the traded assets and acquired them through legitimate means.
2.2 You acknowledge and assume the inherent risks of using the Service, including:
- High volatility of assets leading to substantial or complete losses.
- Insufficient margin leading to potential liquidation and loss of deposited assets.
- Occasional technological outages that might impact Service access.
- Market anomalies which may result in asset loss.
2.3 You commit to not using the Service for illegal activities or market manipulation.
3.1 CoinDeck Trading Services offer real-time order book data and related information for analysis. CoinDeck is not responsible for any personal judgments or decisions made based on this provided information.
3.2 Users can place orders through various channels offered by CoinDeck. Once an order is executed, it cannot be canceled or amended.
3.3 The Service will offer real-time updates on positions, asset values, and derivatives based on your trading activities.
3.4 Settlement for options trade will occur at the expiry a specified trade with corresponding adjustments made to Unrealized Profit and Loss (UPL) and Realized Profit and Loss (RPL).
3.5 In-the-money (ITM) options will be automatically profited at expiration, while at-the-money (ATM) and out-of-the-money (OTM) options will expire without profiting.
3.6 Users are not obligated to pay CoinDeck for the provided Services as per the Fee Schedule Tier.
3.7 In instances of market anomalies before settlement and delivery, CoinDeck reserves the right to take necessary actions under its discretion, ensuring a fair and commercially reasonable resolution.
3.8.1 CoinDeck may offer promotional deposit bonuses to users. Acceptance of any deposit bonuses is subject to the condition that the user agrees to reach a specified trading turnover before making any withdrawals.
3.8.2 The required trading turnover is calculated as 100X the sum of the deposited amount plus the bonus received. Withdrawals can only be made once this turnover requirement has been met.
3.8.3 Users are advised to carefully consider the turnover requirements associated with deposit bonuses before accepting them. Participation in deposit bonus promotions signifies the user's agreement to the terms and conditions stipulated herein.
4.1 CoinDeck employs various risk-control measures, including but not limited to:
- Mark Price Mechanism: A mechanism to mitigate potential loss caused by market manipulation, calculated from options price expectations.
- Partial Liquidation Mechanism: Activated when an account fails to meet margin requirements, allowing temporary management of positions until requirements are met.
- Liquidation Mechanism: Triggered if the account equity falls below the liquidation level, leading to the liquidation of all positions.
4.2 CoinDeck continuously improves its risk management protocols and, in the event of account bankruptcy due to liquidation, may adopt the Societal Clawback Procedure to address total bankruptcy loss.
4.3 CoinDeck reserves the right to take measures, including limiting or cancelling user positions or orders if the size of the positions poses a significant threat to the system.
5.1 Users acknowledge that comprehending the rules and policies related to CoinDeck Trading Services is essential. CoinDeck shall not be liable for losses resulting from a misunderstanding of these rules and policies, including forced liquidation due to insufficient margins.
5.2 Users will only receive accurate transaction information post final settlement. Information between consecutive settlements is for reference and cannot guarantee official results. CoinDeck shall not be responsible for losses incurred due to operating based on interim information.
5.3 CoinDeck may need to change policies under its discretion to comply with regulations or maintain market stability. Users acknowledge that such changes could lead to temporary inaccessibility or interruptions in Service, for which CoinDeck will not be liable.
5.4 CoinDeck shall not be liable for losses resulting from uncontrollable situations, including system maintenance, unforeseen disruptions, hacking attacks, or issues caused by third parties affecting the Service's operations.
5.5 Network and system failures have the potential to cause abnormal turnovers or market disruptions. CoinDeck reserves the right to cancel or roll back transactions to mitigate adverse market effects and shall not be liable for resulting losses.
5.6 Users acknowledge the possibility of technology outages and absolve CoinDeck from liabilities arising from such outages, including loss due to connectivity issues, Service malfunction, or data retrieval issues from third parties.
5.7 CoinDeck strictly prohibits unfair trading behaviors and reserves the right to take control over user accounts to mitigate market harm, with no liability on CoinDeck for any losses incurred in such actions.
6.1 Users are obliged to indemnify CoinDeck for actions related to their CoinDeck account and use of the Service.
6.2 Users agree to defend, indemnify, and hold CoinDeck harmless against any claims or demands made by third parties due to breaches of this Agreement, improper use of the Service, violations of laws or third-party rights, and actions or inactions of any third party granted access to the CoinDeck account.
7.1 The contents of this Agreement include various system specifications, annexes, the Options Guide, and other relevant agreements issued by CoinDeck, all integral parts of this agreement.
7.2 CoinDeck reserves the right to unilaterally modify this Agreement. Changes will be posted on CoinDeck's website, with user acceptance of revised content by continued use of the Service. Failure to accept the revisions should lead to the cessation of related services.
7.3 Users should thoroughly read and seek clarification on any unclear terms within the Agreement. Communications will be in English and in the event of any discrepancy, the English version prevails.
7.4 The establishment, execution, and resolution of disputes related to this agreement shall be governed by Seychelles laws. Disputes should initially be resolved through negotiations or through the Seychelles judiciary.
7.5 Headings in this Agreement are for reading convenience only and do not affect interpretation.
7.6 This Agreement does not apply to users of the Options Trading Simulation.
