Terms of Service

1. Who we are

OptionBench (the "Service", accessible at optionbench.com and app.optionbench.com) is operated by:

R&P Consulting SComm
Registered office: 445, Pavé du Roeulx, 7110 Strépy-Bracquegnies, Belgium
Company number (BCE/KBO): 0730.636.662
VAT: BE 0730.636.662
Email: hello@optionbench.com

(referred to as "OptionBench", "we", "us").

These Terms of Service (the "Terms") form a binding agreement between you and R&P Consulting SComm. By creating an account, ticking the acceptance box at sign-up, or using the Service, you accept these Terms.

2. What OptionBench is — and what it is not

OptionBench is a research, analytics and educational platform for options trading. It provides historical backtests, statistical screeners, probability estimates, strategy analytics and related tools.

OptionBench is not:

an investment firm, broker, dealer, exchange or portfolio manager;
a provider of investment advice, personal recommendations or financial planning within the meaning of Directive 2014/65/EU (MiFID II) or any equivalent regulation;
a means to place, route or execute orders. The Service has no connection to your brokerage account.

Nothing on the Service constitutes an offer, solicitation or recommendation to buy or sell any financial instrument. All output of the Service is generic, statistical and informational. Use of the Service, and any communication between you and us, does not create an advisor-client, fiduciary or portfolio-management relationship of any kind; we never have discretionary authority over your accounts.

3. Financial risk disclaimer

Options trading involves substantial risk and is not suitable for every investor. You can lose more than your initial investment on certain strategies. Before trading, read the options risk disclosures provided by your broker and applicable regulators.

Past performance does not guarantee future results. All win rates, returns, probabilities and scores shown by the Service are derived from historical data and models.
Backtested and simulated results have inherent limitations. They are prepared with the benefit of hindsight, do not reflect actual trading, and do not account for all market factors such as liquidity, slippage beyond our modeled assumptions, halts, dividends or assignment risk. No representation is made that any account will achieve results similar to those shown.
Probabilities are model outputs, not predictions. Monte-Carlo simulations, implied distributions and similar tools describe what models and market prices imply — not what will happen.
You are solely responsible for your trading decisions. Consult a licensed financial advisor before acting on any information from the Service.
Market data may be end-of-day or delayed and may contain errors (see Section 8).

Hypothetical performance disclosure. Backtested results shown by the Service are hypothetical. HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

Positions. Persons involved in operating OptionBench, and partners whose trades may be referenced on the Service, may hold or trade positions in instruments analyzed by the Service at any time. Any such involvement is never a recommendation.

Regulatory status. R&P Consulting SComm and the Service are not registered as an investment adviser, broker-dealer, commodity trading advisor or equivalent with the Belgian FSMA, the U.S. SEC or CFTC, or any other financial regulator, and do not provide services requiring such registration. The Service is a publishing and analytics platform of general and impersonal nature.

4. Eligibility and account

You must be at least 18 years old and legally capable of entering into contracts. You agree to provide accurate information, keep your credentials confidential, and remain responsible for all activity under your account. One account is personal to one user; sharing credentials is prohibited (see Section 9).

5. Subscription, trial and billing

Plans and prices are shown at checkout. Prices are displayed inclusive of VAT for consumers where applicable.
Free trial. New subscriptions include a 7-day free trial. You will not be charged before the trial ends, and you can cancel at any time during the trial at no cost. If you do not cancel, the first billing period starts automatically at the end of the trial.
Payment is processed by Stripe; we do not store card details. By subscribing you authorize recurring charges at the frequency of your plan.
Auto-renewal. Subscriptions renew automatically at the end of each billing period until cancelled. You can cancel at any time from your account; cancellation takes effect at the end of the current period, and you keep access until then.
Price changes will be notified at least 30 days in advance and apply from your next renewal. If you disagree, cancel before the renewal.
Failed payments may lead to suspension of access until payment is regularized.

6. Right of withdrawal (EU/Belgian consumers)

If you are a consumer in the European Union, you have a statutory right to withdraw from a distance contract within 14 days without giving reasons (Book VI, Code of Economic Law).

When the period starts. The 14 days run from the day the contract is concluded — that is, the day you subscribe and your free trial begins — not from the day you are first charged. Since the trial lasts 7 days, roughly 7 days of the withdrawal period remain after your first payment.

What it means in practice. Cancelling at any point during the 7-day trial costs you nothing. If you withdraw after the first charge but within the 14-day window, you are entitled to a refund of that payment, less an amount proportional to the period during which the Service was actually made available to you after the trial ended.

The Service is a digital service whose performance begins immediately: by subscribing you expressly request that performance start at once and acknowledge that you owe that proportional amount if you withdraw once it has begun.

7. Refunds

Beyond statutory rights (Section 6), fees are non-refundable, including for partially used periods. We may, at our sole discretion, issue goodwill refunds. Statutory warranties for digital content and services under Belgian consumer law remain unaffected.

8. Market data and third-party content

Market data is sourced from third-party providers under commercial license (including Alpha Vantage) and from public sources. Data may be end-of-day, delayed, incomplete or erroneous. We do not warrant the accuracy, completeness or timeliness of any data.
Data and analytics are licensed to you for personal, internal display and research use only. You may not redistribute, resell, scrape, systematically download, or make the data or analytics available to third parties, whether raw or derived, except brief excerpts for personal illustration with attribution.
Third-party names and trademarks belong to their owners.

9. Acceptable use

Your subscription is strictly personal: analytics, setups and any content behind the login are provided to you, the individual subscriber, for use in your own personal accounts only.

No commercial redistribution of setups. You may not republish, redistribute, resell or otherwise make available to third parties the trade setups, rankings, scores, probabilities or analyses produced by the Service — whether verbatim, reformatted, or restated as your own recommendations — where this is done in a commercial or organised context. This includes, without limitation: subscription services, newsletters, paid forums or communities, Discord or Telegram groups, signal or alert services, copy-trading and auto-trading services, managed accounts, funds or pooled vehicles, and advisory services — whether or not you charge for it, and whether or not you present the output as coming from the Service.

What remains perfectly fine: discussing a setup you found, in your own words, in an ordinary conversation, forum thread or social post, as a subscriber sharing their own view. The line is systematic redistribution to an audience, not talking about the product.

Exception. Any use beyond that requires our prior written permission. We do grant such permission — the Service is used in public partnerships — but it is granted case by case, in writing, and can be withdrawn.

You further agree not to: (a) share accounts or resell access; (b) use the Service's output to manage money for others, whether or not for compensation; (c) scrape, crawl, or bulk-extract content or data; (d) reverse-engineer, copy or create derivative works of the Service or its models; (e) probe or disrupt the Service's security or infrastructure; (f) use the Service for any unlawful purpose, including market abuse; (g) use the Service to build or train a competing product or dataset.

Breach of this Section causes us real harm. We may suspend or terminate infringing accounts without refund and reserve all rights to claim compensation for the damage suffered.

10. Intellectual property

The Service — including software, models, scores, methodologies, design, text and branding — is owned by R&P Consulting SComm or its licensors and protected by intellectual-property laws. Your subscription grants a limited, non-exclusive, non-transferable, revocable license to use the Service for its intended purpose. Feedback you send us may be used to improve the Service without obligation.

11. Availability, changes and beta features

We aim for high availability but provide the Service "as is" and "as available", without uptime guarantee. Maintenance, upgrades, data-provider outages or force majeure may interrupt the Service.

The Service may contain errors. It is software built on statistical models: it may contain bugs, calculation errors, modelling errors, mis-specified assumptions or incorrect outputs, and the figures it displays (probabilities, expected values, win rates, scores, payoffs, greeks) may be wrong. We look into errors that are reported to us and fix those we consider material, in the order of priority we judge appropriate. We do not warrant that any figure is accurate, complete or fit for any decision. Verify every number against your broker's live chain before trading — a displayed figure is never a substitute for your own checks. Features flagged as beta or experimental may change or be withdrawn at any time. We may modify or discontinue features with reasonable notice for material changes; if a material degradation occurs mid-subscription, consumers may cancel with pro-rata refund of the remaining period.

12. Limitation of liability

To the maximum extent permitted by law:

We are not liable for trading losses, lost profits, lost opportunities or indirect or consequential damages arising from use of, or inability to use, the Service or its data.
Our total aggregate liability for all claims in any 12-month period is limited to the subscription fees you paid for that period.
Nothing in these Terms excludes or limits liability for fraud, willful misconduct, gross negligence, death or personal injury, or any liability that cannot be limited under Belgian law. Statutory rights of consumers remain unaffected.

13. Indemnification

If you are a business user, you will indemnify us against third-party claims arising from your breach of these Terms or misuse of the Service.

14. Termination

You may stop using the Service and cancel at any time (Section 5). We may suspend or terminate your access for material breach (including Sections 8–9), with notice where reasonably possible. Sections which by nature survive termination (3, 8–10, 12–13, 16) do so.

15. Privacy

Our processing of personal data is described in our Privacy Policy (to be read together with these Terms). Payment data is processed by Stripe as an independent controller/processor.

16. Governing law and jurisdiction

These Terms are governed by Belgian law. Any dispute shall be submitted to the courts of Mons (Belgium) — without prejudice to mandatory provisions granting consumers the right to sue or be sued before the courts of their habitual residence.

Consumers may also contact the Belgian Consumer Mediation Service (Service de Médiation pour le Consommateur / Consumentenombudsdienst, mediationconsommateur.be) or, for cross-border disputes, their national European Consumer Centre.

17. Changes to these Terms

We may update these Terms. Material changes will be notified (email or in-app) at least 30 days before taking effect; continued use after that date constitutes acceptance. If you disagree, cancel before the effective date.

18. Miscellaneous

If a provision is held invalid, the remainder stays in force. Our failure to enforce a right is not a waiver. You may not assign this agreement; we may assign it to a successor of the business. These Terms (with the Privacy Policy and checkout terms) are the entire agreement between us regarding the Service.

Contact: hello@optionbench.com — R&P Consulting SComm, 445, Pavé du Roeulx, 7110 Strépy-Bracquegnies, Belgium.