Unlike sites offering live market fixed options, trade on RetroForex’s site is based on historical, not live data. The randomized charts used are NOT in any way reflective of the current foreign exchange rates. However, the data used is actual historical market data in its true OHLC form.

Honesty proofing.

• Live traders are given the opportunity to verify the integrity of the data used in conjunction with each trade.
• Once the preliminary data set for a particular currency pair and time frame has been uploaded to the trader’s screen, traders simply opt in to receive a data verification email – one that provides password protected access to the high, low, and closing prices that will be displayed on the console chart for that trade prior to the trade itself.
• Once the trade has run its course, traders can verify that the pricing fluctuations displayed on their screen were not in any way manipulated to gain an unfair advantage.

International currency prices are highly volatile and very difficult to predict even as they are offered by RetroForex. Due to this volatility, plus the bias in the pricing system that favors RetroForex, no fixed option contract purchased in our system can or should be considered a safe trade.

Unlike traditional put and call options which are traded on margin, the maximum loss a trader can incur is the sum total of the premiums paid.

RetroForex reserves the right in its sole discretion to refuse, cancel service, and/or refuse to distribute profits to anyone for any legitimate reason including, but not necessarily limited to:

• any instance when management has cause to believe that a person's activities on this site may be illegal;
• any instance when management has been approached or contacted by a legal authority or regulator wishing to enforce local laws affecting one or more traders’ activities on the site;
• any instance where RetroForex may suffer any fiscal, regulatory, or pecuniary disadvantage by virtue of anyone’s activities at this site; and
• any instance where one or more transactions on this website are judged by management to have been performed in violation of these terms and conditions.
• any instance when management detects an attempt by anyone to hack into our server, record data, or otherwise take actions that could be used to reverse engineer the trading platform. If management determines at its sole discretion that an attempt has been made to in any way compromise the integrity of servers and/or the online platform(s) offered (whether the offender is registered to trade for fun or real money), the offender’s account will be frozen and the trader will be permanently banned. Anyone attempting to hack into the host server will be prosecuted to the full extent of the law.

The calculation of premiums paid to exercise the right to buy and RetroForex’s corresponding right to sell any fixed option with defined values fall into two categories. The factors used to establish premiums in each of those categories are based on similar but not identical factors.

• The price of all exotic fixed options, i.e., One Touch, Double No Touch, Barrier One Touch, All or Nothing Buy, an All or Nothing Sell, are based on mathematical algorithms that take into consideration the following variables.
  • The historical volatility of a given currency.
  • The value the trader has specified.
  • The option time frame the trader has specified.
  • The distance the trader moves the barrier(s) above and/or below the opening price.
  • An imputed profit margin (spread) that favors RetroForex
• The price (premium) of the Even Money option is based on only three of those variables.
  • The historical volatility of a given currency.
  • The value the trader has specified.
  • An imputed profit margin (spread) that favors RetroForex

Each options contract purchased by a trader via this site constitutes an individual binding agreement between that trader and RetroForex. The options offered, however, are not securities. As a result, they are not transferable, negotiable, or assignable to any third party.

The purchase of options contracts through this site must be effected and completed in accordance with the terms and conditions presented in this document. A contract purchase is completed when the parameters of the option have been customized, the value and premium has been calculated, the trader has exercised the right to buy the option, and that the trader has sufficient funds in his account to pay the required premium.

It is the trader’s sole responsibility to ensure that the desired parameters of each option purchased, i.e., value, premium, option duration (if applicable), and barrier setting(s) (if applicable), are set properly prior to purchase.

When an option is exercised (purchased), the premium is immediately credited to RetroForex’s account. When an option has run its course and the closing price falls in favor of the trader, the specified value is immediately credited to the trader’s account.

Each customer agrees to be fully and personally liable for the due settlement of every transaction entered into under his account. The trader is, therefore, responsible for ensuring that he alone controls access to the account, and that no minors are granted access to purchase options on the website. In any case, the trader 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 trader also indemnifies RetroForex in respect to all costs and losses of any kind, whatsoever as may be incurred by RetroForex as a result, direct or indirect, of the trader’s failure to perform or settle any transaction derived from his account. This includes any transactions entered into by members of the trader’s family or entourage who may have gained access to his/her account.

Funds collected from customers are not invested by RetroForex in any security instrument, futures contract, currency, derivative or any other investments, on behalf of customers.

No person shall abuse this site for the purpose of money laundering. RetroForex employs best-practice anti-money laundering (AML) procedures. RetroForex management 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 conform to the following AML requirements and policies.

• Live traders must provide all requested information upon registration.
• Winnings will only be paid to the individual who initially registered to open a live account.
• When a customer maintains an account by means of telegraphic deposits, winnings will only be distributed to the holder of the originating bank account. When making deposits in this manner, it is the responsibility of the live trader to ensure that the trader’s account number and registered name of the account owner accompany all transfers to RetroForex
• When a customer funds an account by means of credit/debit card deposits, winnings will only be distributed to the individual whose name appears on the card used to make the deposit and only be 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.
• RetroForex may, from time to time, at its sole discretion, require a customer to provide additional proof of identity such as notarized copy of passport or other means of identity verification as management deems required under the circumstances and may at it's sole discretion suspend an account until such proof has been provided to it's satisfaction.

RetroForex reserves the right to suspend the operation of this site or sections at any time to protect its financial interests, the financial interests of our traders, and/or the integrity of the website and/or the products offered.

• when any circumstances outside the control, responsibility and power of RetroForex management, the continued operation of this site is not reasonably practicable without materially and adversely affecting and prejudicing the RetroForex’s interests; or
• when there is a breakdown in the means of communication normally employed in determining the price or value of any option that is offered.

In such an event, RetroForex may at its sole discretion (with or without notice) close out customers' open contracts at prices it considers fair and reasonable at such a time and no claims may be entertained against RetroForex in connection thereto.

RetroForex reserves the right to impose volume trading limits on live trader accounts.

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 RetroForex will not accept any liability in this respect, nor will RetroForex 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 without prior notice. Any change to the rules made whilst the site is in operation will not apply retrospectively and will only apply to the purchase of options contracts made after such change. RetroForex will send an email to live traders using the address they used during the registration process when and if a rule change is required.

RetroForex 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 instruments are sold at prices that do not reflect fair prices or that they are acquired or sold at an abnormally low level of risk due to an undetected programming error, bug or glitch in our website software, RetroForex 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 RetroForex management any problems or suspected system inadequacies that they may experience and may not abuse of system problems for profit.

The transactions performed on this site and the relationship between customers and RetroForex to be governed by and construed in accordance with the laws of The Republic of Costa Rica. As a result, the individual trader agrees that courts of The Republic of Costa Rica will have sole jurisdiction to settle any disputes that may arise in relation thereto. For such purposes, individual traders irrevocably submit to the jurisdiction of the courts of The Republic of Costa Rica in relation to any dispute and further agree that any claim they might may have against RetroForex shall only be brought before the courts of having said jurisdiction. In the event a dispute arises between RetroForex and a trader who uses any version of the RetroForex website or trading platform not in English, the English versions of the website and trading platform shall prevail.

You may only open an account at this site on the following conditions:

• That you have read these Terms and Conditions in full and understood that you will be buying options contracts subject to the terms and conditions herein; and
• That you have read the privacy statement and hereby give us consent to process your personal information as provided therein; and
• That in your stated country of residence you are of legal age to enter into a legally binding contract; and
• That you have sufficient experience and knowledge in matters related to financial wagering to be capable of evaluating the merits and risks of acquiring options contracts via this site and have done so without relying on any information contained in this site.

RetroForex may from time to time offer bonuses. The company reserves the right to cancel/prohibit the use of these bonuses at its own discretion to prevent abuse. Should a bonus be offered, withdrawals will be allowed only when those receiving that bonus have exceeded a specified volume of activity and/or meet specified terms as they relate to bonuses.