Terms and conditions
Solution development built the Olymp Bot app as a Free app. This SERVICE is provided by Solution development at no cost and is intended for use as it is. This Client Agreement is concluded between the Solution development and the user (individual or legal entity) (hereinafter the Client). The Client confirms that he/she has read, understood and accepted all information, conditions, and terms set out on this Agreement.
Developer - the High Right which created the application and supporting the Olymp Bot application.
Client - any individual or legal entity that uses the SERVICE according to the terms of this agreement.
Service - the Olymp Bot app created by developer Solution development.
Device - any device on which you can access the SERVICES.
Trading Platform is an electronic system on the internet that consists of all programs and technology that show quotes in real-time.
2. Subject of agreement
2.1 The subject of the Agreement is the provision of Service to the Client by the Solution development according to the Agreement.
According to this Agreement, Service is understood to mean services including:
· Familiarization with trading strategies and trading tips available in the application
· Auto-trading mode on the trading platform.
· The ability to register, login and access to the Client's account on the trading platform through the application.
2.2 All other services related to the Olymp Trade trading platform are provided by the platform itself and regulated by extra agreements between the Client and the platform.
3. Auto-trading mode
3.1 The term automatic trading is understood as trading using the algorithms described in the application.
3.2 Auto-trading is performed according to the settings that the Client has selected.
3.3 Auto-trading does not mean guarantee the management of the Client's account on the trading platform.
3.4 Auto-trading should be carried out under the supervision of the Client and at any moment the Client can disable this feature.
3.5 Auto-trading may be performed in the background of the application with the corresponding notification in different locations and formats, such as an icon in the status bar, a more detailed entry in the notification drawer, as a badge on the app's icon, and on paired wearable automatically.
3.6 Before starting auto-trading for real money, a client has to familiarize automatic auto-trading on a demo account.
3.7 In the case of using auto-trading on the real account, the Client must understand and accept the high level of risk that this mode carries.
3.8 The client bears full and sole responsibility if he incurs material, moral or any other type of damage in case of using auto-trading on a real account.
4. Rights, Obligations, and Guarantees of the Parties
The Client shall be entitled to:
4.1 Use the Service in accordance with the terms and conditions of this agreement.
4.2 The client has the right to terminate this agreement unilaterally, provided that he ceases to use the Service.
4.3 Receive information from Solution development on work and updates related to the Service.
4.4 Acknowledges that the Account shall be activated upon the deposit of funds/advance payment into the Account.
4.5 Accepts any risks, including without any limits, to any risks of financial loss, that arises from unauthorized access to and operation of his/her Account by third and/or unauthorized parties.
4.6 Unconditionally assumes full responsibility for their actions when using the SERVICES.
4.7 Unconditionally accepts that he/she is solely responsible for any technical deficiencies that may occur in Client’s using Service (including, but not limited to, personal computer, laptop, mobile phone, etc.), and confirms that he/she shall have no claims whatsoever against the Solution development for any direct and/or indirect damages the Client may suffer due to such deficiencies.'
The Client hereby warrants and represents to the Solution development that he/ she:
4.8 He/she is not a citizen of the USA and/or a citizen of Canada, Australia, Belgium, Israel, Palestine, Japan, Sudan, Syria, Iran, North Korea, the Russian Federation and/or any country of the European Economic Area
4.9 Has the legal capacity/competence, is of sound mind and has reached the age of maturity in the country which he is resident or citizen
4.10 The client guarantees that he has read and accepts the user agreement with the trading platform, and other parties who are involved in the provision of the service.
The Company has the right to:
4.11 Modify, edit and update the application and all content associated with it.
4.12 Engage third parties with a view to co-operating in order to facilitate and/or enhance any provision of the Services under this Agreement.
Obligations of the Developer:
4.13 To fulfill provisions of the Agreement.
5. Accepting this Agreement
5.1 This agreement is between the Client and the Solution development, before using the Services, the Client must accept the terms of the Agreement.
6. Copyright and use third-party services
6.1 The developer of Solution development uses the logos, name, and any other promotional materials of the Olymp Trade trading platform as well as the technical resources of the platform for advertising purposes based on the following contract.
6.2 The developer does not try to give out the Service as an application directly related to the Olymp Trade platform. The service is provided as a separate application not related to the Olymp Trade company, which has its own functionality, interface, logo, and other distinctive features.
7. Disclaimer of warranties
7.1 Supplying service by the high rate depends on third parties and the high rate bears no responsibility for any actions or omissions of third parties and bears no responsibility for any damage and/or loss, expense caused to the client and/or third party as a result of and/ or in relation to any aforesaid action or omission.
7.2 The trading strategy and automatic trading mode offered by the developer high rates, as well as financial products and other services presented on the olymp trade trading platform, carry a high-level risk. in case of using the service, the client agrees that he understands all the associated risks.