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GreeksLab Terms of Service

Last updated: November 20, 2024

1. Introduction and Acceptance of Terms

Welcome to GreeksLab, an options strategies backtesting platform (“Service”). GreeksLab.com is a service provided by OptionMighty LTD, a company registered in the Republic of Cyprus with registration number HE464575. By accessing or using our website and services (collectively, the “Service”), you agree to be bound by these Terms of Service (“Terms”). If you do not agree to these Terms in their entirety, you may not use the Service. We reserve the right to update these Terms at any time, and your continued use of the Service signifies your acceptance of the updated Terms.

2. Description of Service

GreeksLab provides tools for backtesting options trading strategies. Our platform includes various features designed to help users analyze and test the performance of different options strategies under historical market conditions. We strive to offer a reliable and comprehensive service, but we do not guarantee any specific outcomes or results from using the Service. GreeksLab is not a registered investment advisor or broker/dealer. Any opinions, charts, messages, news, research, analyses, prices, or other information available on this website are offered as general market information for educational and entertainment purposes only and do not constitute investment advice.

3. User Accounts and Responsibilities

To access certain features of the Service, you must create an account. You agree to provide accurate, current, and complete information during the registration process and to keep this information updated. You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account. Unauthorized account sharing or use is prohibited and may result in account termination.

4. Payment Terms

GreeksLab offers paid subscriptions to access premium features. Payment terms include:

  • Pricing and Billing: Subscription fees are billed in advance on a monthly or annual basis, depending on your selected plan.
  • Automatic Renewal: Subscriptions automatically renew unless canceled before the end of the current billing period.
  • Cancellation: You can cancel your subscription at any time through your account settings. Canceled subscriptions will remain active until the end of the current billing period.
  • Changes to Subscription Plans: We reserve the right to modify the contents and features of any subscription plan. Any changes to subscription plans will be communicated to you in advance via email, website, or other means of communication, and your continued use of the Service after such changes signifies your acceptance of the modified plan. If you do not agree with the changes, you may cancel your subscription before the changes take effect.
  • Refunds: Refunds are provided only as required by law.

5. Communication

By creating an account and using our Service, you agree that OptionMighty LTD, the provider of GreeksLab, may contact you by email for purposes including, but not limited to, account management, service updates, billing information, and promotional materials. You can manage your email preferences in your account settings or opt out of marketing communications by following the instructions provided in those emails. Please note that even if you opt out of receiving marketing emails, we may still send you important administrative messages related to your use of the Service.

6. License and Restrictions

We grant you a limited, non-exclusive, non-transferable, revocable license to access and use the Service for personal, non-commercial purposes. You agree not to:

  • Sell, rent, or sublicense the Service.
  • Copy, modify, or create derivative works based on the Service.
  • Use the Service for any unlawful purpose or in violation of these Terms.

7. Intellectual Property

All content on the GreeksLab website, including text, graphics, logos, and software, is the property of OptionMighty LTD, unless otherwise specified, and is protected by intellectual property laws. Active subscribers are permitted to display their backtest results publicly in forums or other platforms. Any other use of the content requires our express permission.

8. Acceptable Use Policy

You agree not to use the Service in any way that could harm the Service or its users. Prohibited activities include, but are not limited to:

  • Engaging in illegal activities.
  • Transmitting malware or malicious software.
  • Conducting data scraping or automated data collection without our consent.
  • Sending unsolicited commercial communications (spam).

9. Data Privacy and Security

Our Privacy Policy outlines how we collect, use, and protect your data. By using the Service, you consent to the data practices described in our Privacy Policy. We employ security measures to protect your data, but we cannot guarantee complete security.

10. Disclaimers and Limitation of Liability

The Service is provided “as is” without warranties of any kind, express or implied. OptionMighty LTD disclaims all warranties, including, but not limited to, implied warranties of merchantability and fitness for a particular purpose. We do not guarantee the accuracy or completeness of the Service and are not liable for any direct, indirect, incidental, consequential, or punitive damages arising from your use of the Service. Be aware that the data presented on this website is not guaranteed to be real-time or accurate. You assume all risks associated with using the site and its content, including any reliance on the accuracy, completeness, or usefulness of the information provided. This website should not replace thorough independent market research when making trading decisions. Past performance does not guarantee future results.

11. Indemnification

You agree to indemnify and hold OptionMighty LTD, its affiliates, officers, and employees harmless from any claims, damages, or expenses arising from your use of the Service or violation of these Terms.

12. Termination of Service

We reserve the right to terminate or suspend your account at our discretion, without notice, for conduct that we believe violates these Terms or is harmful to other users of the Service. You may terminate your account at any time by following the instructions in your account settings.

13. Governing Law and Dispute Resolution

These Terms are governed by the laws of the Republic of Cyprus. Any disputes arising from these Terms will be resolved exclusively in courts located in the Republic of Cyprus. By using the Service, you consent to the jurisdiction of these courts and waive any objections to this venue.

14. Amendments to Terms

We may update these Terms from time to time. If we make significant changes, we will notify you by email or by posting a notice on our website. Your continued use of the Service after any changes signifies your acceptance of the updated Terms.

15. Severability

If any provision of these Terms is found to be unlawful or unenforceable, the remaining provisions will continue to be valid and enforceable. Any invalid provisions will be modified to reflect the original intent as closely as possible.

16. Waiver

Failure to enforce any part of these Terms does not constitute a waiver of our right to enforce any part of these Terms in the future. All provisions remain in effect.

17. Security

For site security purposes and to ensure that this service remains available to all users, OptionMighty LTD uses software programs to monitor network traffic and identify unauthorized attempts to upload or change information or otherwise cause damage. We do not collect personally identifying information unless you choose to provide it, and we will not share such information without your consent.

18. Discontinuation of Service

We reserve the right to modify or discontinue, temporarily or permanently, the Service (or any part thereof) at the sole discretion of OptionMighty LTD, with or without notice. You agree that OptionMighty LTD shall not be liable to you or to any third party for any modification, suspension, or discontinuation of the Service. If we discontinue the Service, any active subscriptions will be refunded on a prorated basis for the unused portion of the subscription period.

19. Contact Information

If you have any questions about these Terms, please contact us at support@greekslab.com.

By using GreeksLab, you acknowledge that you have read and agree to these Terms of Service.