Terms and conditions

  1. General
    1. The terms and conditions displayed here have been written with the specific purpose to govern the legal relationship between you (hereinafter referred to as the “Client”), and us, the company Sonata Trade LP, operating under the trading name “Bpari” (hereinafter referred to as the “Company”). Address of the company: 4 Fullarton St, Ayr KA7 1UD, Scotland, United Kingdom.
    2. In the act of creating trading account and transfer funds to the Company’s account(s), the Client is hereby automatically agreeing to full acceptance of, and compliance with, all terms and conditions displayed henceforth in this section. The Client is also legally stating that all personal information provided is accurate and up to date.
    3. Company may at any given time change or amend any aspect of these terms and conditions without notifying the Client. The Client fully agrees to accept and adhere to the current published version as visible on this page. The Client also accepts that bpari.com will be the sole party in the selection of which assets are available to be traded on the website at any given time, and that it may change or alter them without notifying the Client.
    4. It should always be assumed that the time displayed on the bpari.com website refers to the GMT time zone
    5. The following information may be displayed on the bpari.com website: data, links, promotional offers or any other content in any form, including financial content of third parties. Information of this nature is provided for the Client’s convenience only and as an additional service, and will not be considered as advising. In no case shall Company be held responsible for such content.
    6. The Client confirms that they are at least 18 years old, or the age of legal consent for engaging in financial investment activities under the laws of their country.
    7. If the user doesn’t make a single trade on the platform within the last 30 days, an operational fee at the amount 10 USD will be deducted from his trading account. This fee is deducted monthly if the user is inactive.
  2. Deposits
    1. The Client may transfer funds to the Company with different methods of payment as permitted by the Company from time to time and in any currency (acceptable by the Company), and such funds will be converted and managed in the Trading Platform in US Dollars, as determined by the Company, according to an exchange rate determined by the Company's according to the available market rates. Cash deposits are strictly prohibited.
    2. Company charges no fees to the client to deposit using any approved deposit method.
    3. Please also note that some card issuers may charge a fee to make a deposit into your Company trading account. Please check the terms and conditions of your card, or call your issuer directly, if you think your issuer or bank may charge you a fee. Any charges issued by the bank or issuer must be disputed directly with them, as Company has no say or input on these fees.
    4. The Client declares that all funds that it transfers to the Company do not derive from any criminal or other illegal activity and without any violation of any applicable anti money laundering laws and regulations.
    5. The Client will have no claim against the Company and will not hold the Company responsible for any delay and/or differences originating from a credit company's, banks or other financial institutions rates calculation and/or commission and/or any other debit.
    6. When the trading account balance is funded using direct bank transfer, funds will be credited within 1 working day (after the transfer was actually credited to Company account). The minimum funding amount is 5000 (EUR or USD). Clients who fund their account using direct bank transfer may order withdrawal only to the account from which the payment was done. A bank transfer fee 50 USD will be applied (for international bank transfer).
    7. Company reserves the right to reject a request for withdrawal in case of an explicit intention to exchange customer funds from one payment system to another.
    8. Account balance funding using a third party credit card is prohibited.
  3. General Withdrawal Procedure
    1. Please note, that in a case of a non active account, such as, a funded account where the funds were never used, and no trades were placed using those funds, the client is eligible for a full refund. In order for that refund to be processed, the client must place a withdrawal request on Company platform.
    2. Company finance department handles all withdrawal requests submitted. From the time the request is made, Company normally process each withdrawal request within 1 hour. However, in case of shortage of data on the client side, or delays on third-party side, the processing time may be longer.
    3. The Company finance team will determine the method of withdrawal. Client cannot request a withdrawal method. All funds must be returned to the source of the original deposit. However, in some cases, this may not be possible (such as in cases where the original deposit source was a MasterCard). Company’s finance department will venture to find the fastest method of processing a Client withdrawal.
    4. Identification is required for all withdrawals, regardless of the withdrawal amount. If the account is initially funded by credit or debit card, or is at any point funded using a credit or debit card, Company will require a copy of the front and back of the credit card used, a government issued photo ID (such as a drivers license or passport) and a 3-months recent proof of address (such a bank statement or utility bill). Mobile phone bills and other general mail will not satisfy this requirement. If the Company account has been funded using multiple credit or debit cards, the Company finance department will require copies of all cards used before a withdrawal is approved.
    5. Notwithstanding the above, if the withdrawal amount and/or the cumulative withdrawal amount, is or exceeds 1,800 USD, no funds shall be transferred until the client’s identity, age and place of residence have been verified.
    6. If the account is initially funded by wire transfer, or is at any point funded by wire transfer, a copy of the bank statement from the originating account showing the transfer will be required. Should the name on the bank statement differ from the person named on the Company account, further documentation showing the connection between the user and the bank account will be required.
    7. If the account is funded by an e-wallet, the client will be required to submit a photo ID and proof of address (as described above) where the address of the document submitted matches that on the users account at Company.
    8. When sending required documents, please follow these guidelines:
      1. Please always send color copies, scans or photographs
      2. Please do not enlarge, shrink or otherwise manipulate the size of the subject matter
      3. When sending copies of cards, please conceal the middle 8 numbers on the card. Please ensure the first and last four digits are visible. Cards sent showing all digits will be deleted immediately.
      4. When sending bank statements, please ensure the name and address information are visible, as well as the transfer sent to the company. You should then conceal all other information.
    9. If the withdrawal amount, or cumulative withdrawal amount on the account, exceeds 1,800 USD, Company’s finance department will require certified copies of all identification documents, regardless of whether uncertified copies have previously been submitted.
    10. Documents must be certified as true original copies by a notary public, or at the post office.
    11. No withdrawals will be processed until such time as the Company finance department has obtained all required identification and verified their authenticity. Once identification has been obtained once (or in the case of higher limit withdrawals, twice), ID will not need to be provided again with the exception of if additional payment methods or cards are used to fund the account, in which case copies of further cards or bank statements will need to be provided.
    12. Once the withdrawal has been approved, please allow an additional 5 to 6 working days for the funds to show in a client account. Please note that larger withdrawal amounts may take additional time as they may be subject to fraud checks by the processing and receiving banks. These additional checks are not performed by, or at the request of, Company and we do not have control over this process.
  4. Withdrawal Conditions and Fees – Accounts with no Bonus
    1. All the withdrawals from the Client’s account (regardless of the amount) shall be performed via withdrawal requests submitted by the Client in the platform only. No requests shall be accepted via any other means, such as telephone conversations, live chat, email, etc.
    2. In order to qualify for a withdrawal with an account at Company that has not been awarded any bonus, the funds deposited must be turned over once. By way of example, if client deposits $1000, client must achieve a turnover of $1000 or more in order to be eligible to withdraw any funds. Turnover is defined as the sum of the value of all trading orders made excluding the value of any trading orders that have been cancelled either by the client or by Company.
    3. Furthermore, subsequent deposits must be turned-over before any funds from the account can be released, regardless of previously achieved turnover. By way of example, if a client initially deposited $1000 and achieved a turnover of $10,000, and then deposited a further $1000, client must achieve a total turnover of at least $11,000 before any funds can be withdrawn.
    4. If turnover requirements are met, client may withdraw funds from the Company platform.
    5. If the client wishes to withdraw funds from the account where the turnover requirement has not been met, for either initial or subsequent deposits, client may do so, however they will be charged a further 20% processing fee of the withdrawal amount, in addition to any transfer fees.
    6. If, at any point, client elects to take a bonus on a deposit, the withdrawals terms and conditions in section 13 will apply.
    7. The minimal amount allowed for withdrawal is $100.
  5. Withdrawal Conditions and Fees – Accounts with Bonus
    1. In order to qualify for a profit of initial deposit withdrawal with an account at Company that has been awarded a bonus, the funds deposited and the bonus must be turned over three times. By way of example, if client deposits $1000 and receives a $500 bonus, client must achieve a turnover of $4500 or more. Turnover is defined as the sum of the value of all trading orders excluding the value of any trading orders that have been cancelled either by the client or by Company.
    2. Furthermore, subsequent deposits must be turned-over before any funds from the account can be released, regardless of previously achieved turnover. By way of example, if a client initially deposited $1000 and achieved a turnover of $10,000, and then deposited a further $1000 and got another $300 bonus, client must achieve a total turnover of at least $13,900 before any funds can be withdrawn.
    3. In order to withdraw any bonus amount, the deposit amount on which the bonus was awarded plus the bonus amount must be turned over a total of 25 times. By way of example, if the client opens an account at Company with $1000 and receives a $500 bonus, client must achieve a turnover of ($1000+$500) x 25, or $37,500.
    4. The minimal amount allowed for withdrawal is $100.
    5. If the client wishes to withdraw funds from the account where the turnover requirement has not been met, for either initial or subsequent deposits, client may do so, however they will be charged a further 20% processing fee of the withdrawal amount, in addition to any transfer fees.
    6. At time of withdrawal, Company may cancel any bonus awarded to the client. Please see the bonus policy for full conditions.
  6. Bonus Policy
    1. The Company may offer a number of attractive reward features, including welcome bonuses, free demo bonus and awards to new or subsisting clients. Bonuses and trading credits rewarded to clients are part of the Company's promotion programs. These bonuses are limited time offers and the terms and conditions associated with any bonus rewards are subject to change from time to time. 
    2. Bonuses and profits that are based, even partially, on use of bonus credit, shall be forfeited in case the Company suspects any indication of fraud, manipulation, cash-back arbitrage or other forms of deceitful or fraudulent activity based on the provision of the bonus or breach of the Company's Terms and Conditions by Client.
    3. The bonus will be paid in the base currency of the account, selected upon registration only.
    4. Bonus withdrawal is possible if the necessary trading volume is reached: (Deposit Amount + Bonus Amount) X 25.
    5. Customers have 90 days (“timeframe”), from the date of receiving the Bonus, to meet the abovementioned Volume Conditions.
    6. In the event when all or part of client's deposits on which the bonus is granted are withdrawn before the proper volume is reached the following measures will be implemented:
      1. The bonus will be canceled in full.
      2. All the trading losses will come from the original deposit first and the remaining balance may be withdrawn.
      3. Any profits made as a result of use of the bonus can be canceled at the discretion of Company.
    7. Client is not obliged to accept any bonuses offered by the Company. All bonuses are optional. In that case the Client will not be bound by the terms related to bonuses. Should client mistakenly accept a bonus, client must notify customer support within 5 working days, and must place no trades. In such an instance, Company will remove bonus from client account and client shall not be held to the terms relating to bonuses, however all terms and conditions will still apply.
    8. In the event when the Client wants to remove partly or completely the given bonus from their trading account before the proper volume is reached the following measures will be implemented:
      1. All the trading losses will come from the original deposit first and the remaining balance may be withdrawn.
      2. Any profits made as a result of use of the bonus can be canceled at the discretion of Company.
  7. “First 3 risk free trades” service
    1. If the total of the first three transactions is negative, Company shall compensate the loss in the form of bonus, bonus policy will apply. The risk free trades compensation cannot exceed the amount of initial deposit. To use this service, you need to apply for it in advance. Simply contact support and negotiate details.
  8. Electronic trading
    1. Upon acceptance of the Service Agreement the Client can use the Company’s online trading platform, which is available on the website of the Company, and receive the access codes which will enable the Client to log in and enter into transactions with the Company.
    2. . The Client is responsible for any instructions/transactions received/entered through the trading platform, either from the Client directly or through an authorized representative. When making investments, the Client’s information is under Secured Socket Layer (SSL). The SSL protects the Client information from fraud and can identify theft.
    3. The Client agrees and accepts to use software programs developed by third parties including but not limited to the generality of those mentioned above, browser software that supports Data Security Protocols compatible with protocols used by the Company. Moreover, the Client agrees to follow the access procedure (Login) of the Company that supports such protocols.
    4. The Company will not be held responsible in the event of an unauthorized access from third persons to information including, but not limited to, electronic addresses and/or personal data, through the exchange of these data between the Client and the Company and/or any other party using the Internet or other network or electronic mean available.
    5. The Client acknowledges that the Company has the right to restrict, modify or even terminate the access of the Client to the trading platform if it’s deemed necessary. This measure is in force to ensure the unobstructed function of the electronic systems for trading and the protection of the interest of both the Client’s and the Company’s and may applied where the Company consider it necessary or advisable to do so, for example due to Client’s non-compliance with the Applicable Laws, breach of any provisions of this Agreement, on the occurrence of an Event of Default, network problems, failure of power supply, for maintenance, or to protect the Client when there has been a breach of security. The use of an electronic service may be terminated immediately if an electronic service is withdrawn by any Market or the Company is required to withdraw the facility to comply with Applicable Laws.
    6. The Company shall not be accountable for any loss or damages that might incur to the equipment or software due to viruses, malfunctions or defects of its electronic systems. Moreover the Company shall have no liability for any potential damage the Client may suffer as a result of transmission errors, technical faults, malfunctions, illegal intervention in network equipment, network overloads, viruses, system errors, delays in execution, malicious blocking of access by third parties, internet malfunctions, interruptions or other deficiencies on the part of internet service providers. The Client acknowledges that access to electronic systems / trading platforms may be limited or unavailable due to such system errors, and that the Company reserves its right upon notifying the Client to suspend access to electronic systems / trading platforms for these reasons.
    7. As a Client of this website you fully accept that it is in no way possible to cancel or retract any order or transaction once it has been executed. Without derogating from the aforementioned statement, the client understands such limitations by clicking on the Buy button.
    8. The Client’s access codes, transaction activities and all other related information must remain confidential at all times and the Company does not bear any responsibility of any financial loss that might arise should the Client disclose his/her access codes to an unauthorized third party.
    9. The Client shall inform in writing the Company immediately in the case where their access codes have been used by another party without his/her consent.
    10. The Company shall be responsible to maintain and update its electronic systems at all times and therefore the Client must accept the need for periodic maintenance to ensure the effective operation of the trading platform and that the Company does not bear any responsibility for any loss incurred during maintenance.
    11. Expiry rates are calculated from the Bid & Ask prices ((Bid + Ask)/2) which are the closest price offers to the expiry time. The last digit of the calculated price is always rounded up if 5 and above, and down if otherwise.
  9. Contact Clients
    1. From time to time the Company may contact clients whether by phone, email or bpari.com website for the purpose of offering them further information about the Company, binary options trading or financial market trading. In addition the Company may, on occasion, seek to contact clients, whether by phone, by email or bpari.com website, for the purpose of informing them of unique promotional offerings provided by the Company for the client. Clients consent to the receipt of such contact when they consent to our terms and conditions of use when registering with the Company. Any person wishing to opt out of further contact with the Company at any time whatsoever is entitled to do so, simply by contacting the Company whether by phone, email or bpari.com website and requesting that no further contact on behalf of the Company be made.
    2. The Company will use the details specified by the customer provided upon registration. Client must notify the Company of any changes in contact information within 5 business days.
  10. Anti-Money Laundering Procedure
    1. No person under any circumstances shall abuse this site for the purpose of money laundering. The Company reserves the right to refuse to do any business with and to reverse the Client’s transactions in accordance with the AML requirements and policies:
      1. All requested information must be provided upon registration by all Clients. The Company may keep all the relevant information that it has acquired for the Client account opening procedure.
      2. Earnings will only be paid to the individual who initially registered to open a live account and specifically only to the originating credit card or account on file.
      3. When a client maintains an account by means of telegraphic deposits, earnings will only be distributed to the holder of the originating bank account. When making deposits in this manner, it is the responsibility of the client to ensure that the client’s account number and registered name of the account owner accompany all transfers to Company.
      4. When a customer funds an account by means of credit / debit card, earnings shall be distributed only to the individual whose name appears on the card used for the deposit and shall only be refunded back to the same card.
      5. Only one account is allowed per person. No earnings may be collected on accounts opened in false names or on multiple accounts opened by the same person.
      6. The Company may, from time to time and at its sole discretion, require that a customer provide additional proof of identity, depending on but not restricted to the Client's classification or other means of identity verification required as it deems under the circumstances, and may at its sole discretion suspend the account until such proof has been provided to its satisfaction.
    2. Any suspicious or fraudulent transactions will be immediately reported to the relevant authorities.
  11. Cancelation Policy
    1. Company reserve the right at our sole discretion, to refuse or cancel services, and/or refuse to distribute profits to anyone for any legitimate reason including, but not limited to:
      1. any circumstance in which we have reason to believe that the Client’s activity on the Site may be illegal;
      2. any circumstance in which we may be harmed by any fiscal or pecuniary damage by virtue of the Client’s activity;
      3. any circumstance in which one or more operations on our website is judged by us to have been performed in violation of these terms and conditions
      4. any circumstance in which the client has failed to provide us with the Know Your Client (KYC) documents.
    2. If the Client wants to terminate their account, and their balance is lower than 100 (USD), 40 USD will be applied to cover additional transaction fees.
    3. The Company has the right to close/cancel an account with the balance less than 1 cent (one-hundredth of a US dollar), if the above account balance existed for more than 90 calendar days.
    4. Client can request cancelation of service and terminate this Agreement at any time by giving 10 (Ten) days written notice of termination to the Company (to be sent to finance@bpari.com), in case if there are no open trades. If a trading option is open, Client has to close it or wait till expiration. All withdrawal requests have to be treated based on the standard withdrawal conditions, described in paragraphs 3, 4 and 5.

  12. Marlay Corp LTD, 4 Hanifa Alasgarov str., Baku, Azerbaijan

Disclaimer: Trading Binary Options is highly speculative. It involves a high level of risk and may lead to loss of invested capital. Therefore, we highly recommend you not to invest more than you can afford to lose. Before investing, you should thoroughly analyse and evaluate your financial situation, as well as the level of your experience. Bpari is the Online Trading Platform Provider. The quotes featured on Bpari platform may be different from the real-time stock quotes. There are certain risks linked to the exploitation of the online trading platform, including mechanical errors, software failures, technical and connectivity issues. The company does not retain responsibility for any service outages or delays you might face as a result of trading online. The news, researches, analysis and any other data contained on this website is provided as trading comments, and, therefore, cannot be considered as an investment advice. The company does not retain responsibility for any losses or damage you might face as a result of using the data hosted on this site.