Terms and Conditions

1. Scope and provider

These Terms and Conditions (the "Terms") govern the use of the BeInOptions Academy (the "Academy"), available at academy.beinoptions.com and at beinoptions.com/academy.

The provider and contracting party is BeInOptions, represented by its partners Tymur Abkiliamov and Daria Cherkasova. Full provider details appear in the Imprint.

These Terms apply to all users of the Academy. Deviating terms proposed by a user do not form part of the contract unless the provider expressly agrees to them in writing.

2. The service

The Academy provides learning content on financial markets, options and related subjects, delivered as interactive lessons, exercises, quizzes and challenges, and supported by playful elements such as experience points (XP), levels, badges and rewards.

The provider develops the Academy continuously. The scope, design and feature set may be changed, extended or discontinued at any time. There is no entitlement to the continued availability of any particular content, feature or design element.

The Academy is an educational service. It teaches and lets users practise; it does not execute transactions, manage assets or broker financial products.

3. No investment advice

All Academy content serves general information and education only. It expressly does not constitute investment advice, investment broking, financial analysis, tax advice or legal advice, and is not a recommendation to buy, sell or hold any financial instrument.

The content takes into account neither the personal investment objectives nor the financial circumstances or risk tolerance of any individual user. Every investment decision is made on the user’s own responsibility.

Trading options, derivatives and other financial instruments involves substantial risk and may lead to the total loss of the capital employed. Professional advice should be obtained before making an investment decision. The Risk Disclosure and Disclaimer pages apply in addition.

4. Registration and user account

Use of the Academy’s core features requires a user account. Registration is by email address and password, or through a supported third-party sign-in provider.

Information given on registration must be truthful and complete. The email address provided must belong to the user; it is used to confirm the account and for service-related messages. The account becomes active only once the email address has been confirmed.

Registration is permitted to natural persons aged 18 or over. By registering, the user confirms having reached that age.

Credentials are confidential and must not be made available to third parties. One account per person is permitted. The provider must be informed without delay of any indication that an account is being misused.

5. No charge

Use of the Academy is currently free of charge. There are no purchase costs, no subscription fees and no payment obligations. No payment method is required to register.

As no paid contract is concluded, no payment claims arise and the statutory right of withdrawal for paid distance contracts does not apply. The account may be deleted at any time without giving reasons (clause 10).

Should the provider introduce paid services in future, these will be clearly identified as such and separately confirmed before any contract is concluded. Existing free features will not retroactively become chargeable.

6. Virtual items have no monetary value

Experience points, levels, leagues, badges, streaks, lives, gems, chests and comparable elements are purely playful features within the Academy, serving motivation and progress tracking.

These elements have no monetary value. They cannot be paid out, exchanged for money or money’s worth, traded, or transferred to other accounts. There is no entitlement to acquire them, to their continued existence or to any particular quantity.

The provider may adjust the rules governing how such elements are earned, held and expire at any time, in particular to prevent abuse or to keep learning progress balanced.

7. Rights in the content

All Academy content — in particular texts, lessons, exercises, graphics, illustrations, characters, audio and video material, software and design — is protected by copyright and belongs to the provider or its licensors.

The user receives a simple, non-transferable, revocable right to use the content for their own non-commercial learning purposes for the duration of their account.

Not permitted, in particular: reproduction, distribution, making available to the public, adaptation or commercial exploitation of the content beyond the cases permitted by law, as well as automated extraction of the content (scraping) and its use for training machine learning systems, in each case without the provider’s prior written consent.

8. User obligations

The Academy must not be used in any way that infringes applicable law, the rights of third parties, or these Terms.

Prohibited in particular: sharing credentials; creating multiple accounts for the same person; using automation, scripts or bots to obtain progress or rewards; interfering with technical operation; circumventing access restrictions; and uploading or distributing unlawful, abusive or harmful content.

In the event of a serious or repeated breach the provider may suspend access temporarily or terminate the account. Statutory claims remain unaffected.

9. Availability

The provider aims for operation that is as uninterrupted as possible but does not owe any particular level of availability. In the case of a free service in particular, there is no entitlement to uninterrupted access.

Maintenance, technical faults, attacks on the infrastructure and circumstances outside the provider’s control may lead to temporary restrictions.

The provider reserves the right to discontinue the Academy in whole or in part. Any intended permanent discontinuation will be announced with reasonable notice where this can reasonably be expected.

10. Term, termination and account deletion

The usage relationship runs for an indefinite period and may be ended by either side at any time without giving reasons.

The user may delete the account at any time in the account settings, or request deletion informally by email to info@beinoptions.com.

The provider may terminate the usage relationship on fourteen days’ notice. The right to terminate for good cause without notice, in particular for a breach of clause 8, remains unaffected.

On deletion of the account, learning progress and all virtual items are lost without replacement. Statutory retention obligations remain unaffected; details are set out in the Privacy Policy.

11. Liability

The provider is liable without limitation for intent and gross negligence, and for damage arising from injury to life, body or health.

In the case of slight negligence the provider is liable only for breach of a material contractual obligation whose fulfilment makes proper performance of the contract possible in the first place and on whose observance the user may regularly rely. In that case liability is limited to the foreseeable damage typical for this type of contract.

Liability is otherwise excluded. In particular, the provider is not liable for financial loss arising because Academy content was used as the basis for an investment decision (clause 3).

Liability under the German Product Liability Act remains unaffected.

12. Data protection

The provider processes personal data solely in accordance with the General Data Protection Regulation and other applicable rules. Details of the nature, scope and purpose of processing, and of the rights of data subjects, are set out in the Privacy Policy.

13. Changes to these Terms

The provider may amend these Terms where this is necessary to reflect changes in the law, in case law, or in the scope of the service, and where the user is not unreasonably disadvantaged as a result.

Intended changes will be notified in text form — for example by email or by a notice within the Academy — at least four weeks before they take effect. If the user does not object within that period and continues to use the Academy thereafter, the amended Terms are deemed accepted. The notice will draw attention to this effect separately.

In the event of an objection, both sides are entitled to terminate under clause 10.

14. Final provisions

The law of the Federal Republic of Germany applies, excluding the UN Convention on Contracts for the International Sale of Goods. As against consumers, this choice of law applies only to the extent that it does not remove the protection of mandatory provisions of the state of habitual residence.

The European Commission provides a platform for online dispute resolution: https://ec.europa.eu/consumers/odr. The provider is neither willing nor obliged to participate in dispute resolution proceedings before a consumer arbitration board.

Should any provision of these Terms be or become invalid, the validity of the remaining provisions is unaffected.

Contact

Questions about these Terms can be sent to info@beinoptions.com.

See also: Imprint · Privacy Policy · Risk Disclosure · Disclaimer