Last updated: May 2026
By accessing or using the Opening Bell website (openingbell.app) or mobile application (collectively, the "Service"), you agree to be legally bound by these Terms of Service ("Terms"). If you do not agree to these Terms in their entirety, you must immediately stop using the Service. These Terms constitute a legally binding agreement between you and Opening Bell Pty Ltd ("Opening Bell", "we", "us", or "our"). We reserve the right to update these Terms at any time. Continued use of the Service after any update constitutes your acceptance of the revised Terms. It is your responsibility to review these Terms periodically.
Opening Bell is a mobile application and website that provides structured financial literacy and investing education through lessons, quizzes, slides, and related content. The Service is designed solely to improve general financial knowledge and is not a financial product, financial service, or financial advice service of any kind.
Opening Bell Pty Ltd is not a financial adviser, investment adviser, or wealth manager; not a broker, dealer, or market maker; not a financial planner or credit provider; not licensed under the Australian Financial Services Licence (AFSL) framework to provide personal financial advice; and not registered with the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the UK Financial Conduct Authority (FCA), or any equivalent regulatory body in any jurisdiction.
Nothing on the Service constitutes, or should be construed as, financial product advice, investment advice, securities advice, tax advice, legal advice, or any other form of regulated advice.
PLEASE READ THIS SECTION CAREFULLY AND IN ITS ENTIRETY. BY USING THE SERVICE, YOU EXPRESSLY ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREED TO EVERY PROVISION OF THIS SECTION. IF YOU DO NOT AGREE, YOU MUST NOT USE THE SERVICE.
3.1 Nature of the Service
OPENING BELL IS STRICTLY AND EXCLUSIVELY A GENERAL FINANCIAL LITERACY EDUCATION PLATFORM. THE SERVICE DOES NOT PROVIDE, AND IS NOT INTENDED TO PROVIDE, ANY FORM OF FINANCIAL ADVICE, INVESTMENT ADVICE, SECURITIES ADVICE, TRADING ADVICE, TAX ADVICE, LEGAL ADVICE, ACCOUNTING ADVICE, OR ANY OTHER FORM OF PROFESSIONAL OR REGULATED ADVICE OF ANY KIND, IN ANY JURISDICTION, UNDER ANY CIRCUMSTANCES WHATSOEVER.
NO CONTENT ON THE SERVICE — INCLUDING BUT NOT LIMITED TO LESSONS, SLIDES, QUIZZES, ARTICLES, EXAMPLES, CASE STUDIES, FIGURES, STATISTICS, SUMMARIES, EXPLANATIONS, ANIMATIONS, INTERACTIVE ELEMENTS, NOTIFICATIONS, OR ANY OTHER MATERIAL IN ANY FORMAT — CONSTITUTES A RECOMMENDATION, SUGGESTION, GUIDANCE, DIRECTION, OR ENCOURAGEMENT TO BUY, SELL, HOLD, ACQUIRE, DISPOSE OF, OR OTHERWISE DEAL IN ANY FINANCIAL PRODUCT, SECURITY, STOCK, SHARE, BOND, DERIVATIVE, CRYPTOCURRENCY, COMMODITY, CURRENCY, FUND, OR ANY OTHER ASSET OR INVESTMENT INSTRUMENT OF ANY KIND, IN ANY MARKET, IN ANY JURISDICTION.
3.2 No Personal Advice
ALL CONTENT ON THE SERVICE IS GENERAL IN NATURE AND HAS BEEN PREPARED WITHOUT TAKING INTO ACCOUNT YOUR PERSONAL FINANCIAL SITUATION, OBJECTIVES, NEEDS, RISK TOLERANCE, TAX POSITION, INVESTMENT HORIZON, INCOME, ASSETS, LIABILITIES, OR ANY OTHER PERSONAL CIRCUMSTANCES WHATSOEVER. THE CONTENT IS THE SAME FOR ALL USERS AND IS NOT TAILORED, CUSTOMISED, OR PERSONALISED TO ANY INDIVIDUAL USER'S SITUATION IN ANY WAY.
NOTHING ON THE SERVICE SHOULD EVER BE INTERPRETED AS PERSONAL FINANCIAL ADVICE. NOTHING ON THE SERVICE SHOULD EVER REPLACE CONSULTATION WITH A QUALIFIED, LICENSED, AND REGULATED FINANCIAL PROFESSIONAL WHO IS FAMILIAR WITH YOUR INDIVIDUAL CIRCUMSTANCES.
3.3 Absolute Assumption of Risk
YOU EXPRESSLY ACKNOWLEDGE AND AGREE THAT:
(a) ALL FINANCIAL AND INVESTMENT DECISIONS INVOLVE RISK, INCLUDING THE RISK OF PARTIAL OR TOTAL LOSS OF YOUR INVESTED CAPITAL;
(b) PAST PERFORMANCE OF ANY FINANCIAL INSTRUMENT, MARKET, ASSET CLASS, STRATEGY, OR CONCEPT DISCUSSED ON THE SERVICE IS NOT INDICATIVE OF, AND PROVIDES NO GUARANTEE OF, FUTURE RESULTS OR PERFORMANCE;
(c) ANY FINANCIAL DECISION YOU MAKE — WHETHER OR NOT CONNECTED IN ANY WAY TO CONTENT YOU HAVE ACCESSED THROUGH THE SERVICE — IS MADE ENTIRELY AT YOUR OWN RISK AND ON THE BASIS OF YOUR OWN INDEPENDENT JUDGEMENT;
(d) YOU ARE SOLELY AND ENTIRELY RESPONSIBLE FOR ANY FINANCIAL DECISION YOU MAKE, ANY INVESTMENT YOU ENTER INTO, ANY LOSS YOU SUFFER, AND ANY CONSEQUENCE THAT FLOWS FROM ANY SUCH DECISION, REGARDLESS OF WHETHER YOU ACCESSED CONTENT ON THE SERVICE BEFORE, DURING, OR AFTER MAKING THAT DECISION;
(e) OPENING BELL PTY LTD HAS NOT INDUCED, ENCOURAGED, RECOMMENDED, OR SOLICITED ANY FINANCIAL DECISION BY YOU, AND ANY FINANCIAL DECISION YOU MAKE IS ENTIRELY YOUR OWN.
3.4 Absolute Waiver and Release of Liability for Financial Losses
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE, RELEASE, AND FOREVER DISCHARGE OPENING BELL PTY LTD, ITS DIRECTORS, OFFICERS, EMPLOYEES, CONTRACTORS, AGENTS, LICENSORS, SUCCESSORS, AND ASSIGNS FROM ANY AND ALL CLAIMS, DEMANDS, ACTIONS, SUITS, PROCEEDINGS, LOSSES, DAMAGES, COSTS, AND EXPENSES OF ANY KIND WHATSOEVER — WHETHER KNOWN OR UNKNOWN, FORESEEN OR UNFORESEEN, PRESENT OR FUTURE — ARISING OUT OF OR IN ANY WAY CONNECTED WITH:
(a) ANY FINANCIAL OR INVESTMENT DECISION YOU MAKE BEFORE, DURING, OR AFTER USING THE SERVICE;
(b) ANY FINANCIAL LOSS, INVESTMENT LOSS, TRADING LOSS, OR LOSS OF CAPITAL OF ANY AMOUNT;
(c) ANY RELIANCE, FULL OR PARTIAL, ON ANY CONTENT ACCESSED THROUGH THE SERVICE;
(d) ANY INACCURACY, INCOMPLETENESS, OUTDATEDNESS, OR ERROR IN ANY CONTENT ON THE SERVICE;
(e) ANY FAILURE TO SEEK INDEPENDENT PROFESSIONAL FINANCIAL ADVICE BEFORE MAKING A FINANCIAL DECISION.
THIS WAIVER APPLIES REGARDLESS OF THE LEGAL THEORY UNDER WHICH ANY CLAIM IS BROUGHT, INCLUDING CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, STATUTORY CLAIM, OR ANY OTHER LEGAL OR EQUITABLE THEORY.
3.5 Regulatory Disclaimer
OPENING BELL PTY LTD IS NOT LICENSED BY, REGISTERED WITH, OR REGULATED BY THE AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION (ASIC), THE U.S. SECURITIES AND EXCHANGE COMMISSION (SEC), THE FINANCIAL INDUSTRY REGULATORY AUTHORITY (FINRA), THE UK FINANCIAL CONDUCT AUTHORITY (FCA), OR ANY OTHER FINANCIAL REGULATORY BODY IN ANY JURISDICTION WORLDWIDE. OPENING BELL DOES NOT HOLD AN AUSTRALIAN FINANCIAL SERVICES LICENCE (AFSL) AND IS NOT AUTHORISED TO PROVIDE FINANCIAL PRODUCT ADVICE. IF YOU REQUIRE REGULATED FINANCIAL ADVICE, YOU MUST CONSULT A PROPERLY LICENSED AND REGULATED FINANCIAL ADVISER IN YOUR JURISDICTION.
3.6 Acknowledgement
BY CREATING AN ACCOUNT, ACCESSING THE SERVICE, OR USING ANY CONTENT ON THE SERVICE IN ANY WAY, YOU CONCLUSIVELY CONFIRM THAT YOU HAVE READ THIS ENTIRE SECTION, THAT YOU FULLY UNDERSTAND IT, AND THAT YOU AGREE TO BE BOUND BY IT. THIS ACKNOWLEDGEMENT IS A CONDITION OF YOUR ACCESS TO AND USE OF THE SERVICE AND CANNOT BE WITHDRAWN ONCE YOU HAVE ACCESSED THE SERVICE.
All content on the Service is provided in good faith. However, Opening Bell makes no representation, warranty, or guarantee — express or implied — that any content is accurate, complete, or correct; current or up to date; free from errors, omissions, or inaccuracies; or suitable for any particular purpose.
Financial markets, laws, regulations, tax rules, and economic conditions change frequently and without notice. Content that was accurate at the time of publication may become outdated, incorrect, or misleading over time. Opening Bell is under no obligation to update any content and expressly disclaims any liability arising from reliance on content that is or becomes inaccurate, incomplete, or outdated.
You assume full responsibility for verifying any information obtained through the Service before acting on it in any way.
By using the Service, you represent and warrant that you are at least 13 years of age; if you are between 13 and 18 years of age, you have obtained the consent of a parent or legal guardian; if you are between 13 and 15 years of age and located in the European Union or United Kingdom, you have obtained verifiable parental consent as required by applicable law; you have the legal capacity to enter into a binding agreement in your jurisdiction; and your use of the Service does not violate any applicable law or regulation.
If you are under 13 years of age, you are not permitted to use the Service under any circumstances. If we become aware that a user is under 13, we will immediately terminate their account and delete their associated data.
We reserve the right to require proof of age or parental consent at any time. Providing false information about your age constitutes a material breach of these Terms.
To access certain features of the Service, you must create an account. By creating an account, you agree to provide accurate, current, and complete information; maintain and promptly update your account information; keep your login credentials confidential and not share them with any third party; accept full responsibility for all activities that occur under your account; and notify us immediately at [email protected] if you suspect any unauthorised use of your account.
You may not create an account on behalf of another person without their explicit authorisation. Opening Bell is not liable for any loss or damage arising from your failure to maintain the security of your account credentials.
Free tier: Opening Bell offers limited free access to introductory content. The scope of free content may be changed or withdrawn at any time at our sole discretion.
Free trial: New users may be eligible for a 3-day free trial of the full Service. Eligibility is determined by Opening Bell and Apple at our sole discretion. Only one free trial per Apple ID is permitted.
Referral programme: Users who sign up via a valid referral link may receive an extended 7-day free trial in lieu of the standard 3-day trial. The referring user receives no reward or compensation. Referral benefits may be withdrawn, modified, or discontinued at any time without notice. Referral links may not be sold, transferred, or used for commercial purposes.
Paid subscriptions: Opening Bell offers weekly, monthly, and annual subscription plans. All payments are processed exclusively through Apple In-App Purchases. By initiating a subscription, you authorise Apple to charge your Apple ID account on a recurring basis at the applicable subscription rate.
Auto-renewal: Your subscription will automatically renew at the end of each billing period unless cancelled at least 24 hours before the renewal date. You can manage and cancel your subscription at any time through your Apple ID account settings.
Pricing: Opening Bell reserves the right to change subscription pricing at any time. Price changes will take effect at the start of your next billing period following notice to you.
Refunds: All purchases are processed by Apple and are subject to Apple's refund policy. Opening Bell does not offer refunds for any reason, including unused subscription periods, dissatisfaction with content, accidental purchases, or changes to the Service. For refund requests, you must contact Apple directly. Opening Bell has no ability to issue refunds and accepts no liability in relation to any refund request.
Opening Bell reserves the right, at its sole discretion and at any time without notice or liability, to modify, update, replace, or remove any content, feature, or functionality of the Service; temporarily suspend the Service for any reason; or permanently discontinue the Service in whole or in part.
In the event of permanent discontinuation of the Service, Opening Bell's total liability to you is limited solely to the unused portion of your current prepaid billing period, processed in accordance with Apple's refund policies. Opening Bell is not liable for any other loss, damage, or claim arising from service discontinuation, including loss of access to content, learning progress, or streak data.
If the Service is removed from the Apple App Store for any reason, the same limitation applies. Opening Bell makes no guarantee of continued availability of the Service on any platform.
All content, materials, design, code, graphics, text, audio, video, logos, trademarks, and other elements of the Service are the exclusive intellectual property of Opening Bell Pty Ltd and are protected by Australian and international copyright, trademark, and intellectual property laws.
You are granted a limited, non-exclusive, non-transferable, revocable licence to access and use the Service for your own personal, non-commercial educational purposes only. This licence does not include the right to copy, reproduce, distribute, or publish any content; modify or create derivative works; scrape or extract content by any means; use any content for commercial purposes; or remove any copyright or proprietary notices.
Any unauthorised use of our intellectual property is a material breach of these Terms and may give rise to civil and criminal liability.
By using the Service, you agree that you will not use the Service for any unlawful, fraudulent, or malicious purpose; attempt to gain unauthorised access to any part of the Service or its infrastructure; probe, scan, or test the vulnerability of any system connected to the Service; introduce any virus, malware, or other harmful code; circumvent any security or authentication feature; use any automated tool or bot to access or extract content; impersonate any person or entity; attempt to reverse engineer or decompile the application; use the Service in any manner that could damage or impair its functionality; or violate any applicable law or regulation.
Any violation of this section may result in immediate termination of your account without notice or refund, and may be referred to relevant law enforcement authorities.
Termination by you: You may delete your account at any time through the in-app account deletion option under Profile → Settings. Deletion is permanent and cannot be undone.
Termination or suspension by Opening Bell: We reserve the right, at our sole discretion, to suspend, restrict, or permanently terminate your account at any time, with or without notice, and without liability to you, for any reason including any actual or suspected violation of these Terms, any prohibited conduct, any fraudulent or harmful behaviour, any legal requirement, or any other reason we deem appropriate.
Effect of termination for cause: If your account is terminated by Opening Bell due to a violation of these Terms, you forfeit any remaining subscription period with no right to a refund of any kind. Your licence to use the Service is immediately revoked.
Right to refuse service: Opening Bell reserves the right to refuse access to the Service to any person at any time at our sole discretion, without explanation and without liability.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE SERVICE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT ANY WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED. OPENING BELL EXPRESSLY DISCLAIMS ALL WARRANTIES INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT; ANY WARRANTY THAT THE SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE; ANY WARRANTY REGARDING THE ACCURACY OR COMPLETENESS OF ANY CONTENT; AND ANY WARRANTY THAT THE SERVICE IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
Some jurisdictions do not allow the exclusion of implied warranties. In such jurisdictions, the above exclusions apply to the fullest extent permitted by law.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL OPENING BELL PTY LTD, ITS DIRECTORS, OFFICERS, EMPLOYEES, CONTRACTORS, AGENTS, LICENSORS, OR AFFILIATES BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES; LOSS OF PROFITS, REVENUE, DATA, OR BUSINESS OPPORTUNITIES; FINANCIAL LOSSES OR INVESTMENT LOSSES OF ANY AMOUNT; OR COST OF SUBSTITUTE GOODS OR SERVICES; ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF OR INABILITY TO USE THE SERVICE, REGARDLESS OF THE THEORY OF LIABILITY.
THE TOTAL AGGREGATE LIABILITY OF OPENING BELL PTY LTD TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICE SHALL NOT EXCEED ZERO AUSTRALIAN DOLLARS (AUD $0.00). This zero-dollar liability cap reflects the fact that the Service is an educational platform and that Opening Bell expressly disclaims any role in or responsibility for any financial or investment decision made by any user.
Some jurisdictions do not permit the complete exclusion or limitation of liability. In such jurisdictions, our liability is limited to the minimum extent permitted by applicable law. Nothing in these Terms limits liability for fraud, wilful misconduct, or any other liability that cannot be excluded by law.
You agree to indemnify, defend, and hold harmless Opening Bell Pty Ltd, its directors, officers, employees, contractors, agents, licensors, and affiliates from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable legal fees) arising out of or relating to your use of or access to the Service; your violation of any provision of these Terms; your violation of any applicable law or third-party right; any financial decision you make in connection with content accessed through the Service; or any claim that your use of the Service caused damage to a third party.
The following additional terms apply to your use of the Opening Bell mobile application obtained through the Apple App Store:
These Terms are between you and Opening Bell Pty Ltd only, and not with Apple Inc. Apple is not responsible for the Service or its content. Apple has no obligation to furnish any maintenance and support services with respect to the Service. In the event of any failure of the Service to conform to any applicable warranty, you may notify Apple and Apple will refund the purchase price (if any). Apple is not responsible for addressing any claims relating to the Service, including product liability claims or intellectual property infringement claims. Apple and Apple's subsidiaries are third-party beneficiaries of these Terms and have the right to enforce these Terms against you.
16.1 Australian users: Any dispute arising out of or relating to these Terms or the Service shall be governed by the laws of Victoria, Australia, and you submit to the exclusive jurisdiction of the courts of Victoria, Australia.
16.2 All other users — Binding Individual Arbitration: Any dispute arising out of or relating to these Terms or the Service shall be finally resolved by binding arbitration administered by the International Chamber of Commerce (ICC) under the ICC Arbitration Rules. The seat of arbitration shall be Melbourne, Victoria, Australia. The language of arbitration shall be English. The arbitral award shall be final and binding.
16.3 Class action waiver: TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, YOU AGREE THAT ANY DISPUTE RESOLUTION PROCEEDING WILL BE CONDUCTED ONLY ON AN INDIVIDUAL BASIS AND NOT AS A CLASS, CONSOLIDATED, OR REPRESENTATIVE ACTION. YOU WAIVE ANY RIGHT TO PARTICIPATE IN A CLASS ACTION LAWSUIT OR CLASS-WIDE ARBITRATION AGAINST OPENING BELL PTY LTD.
16.4 EU and UK users: Nothing in this Section limits the rights of EU or UK consumers to bring claims before the courts of their country of residence or to rely on mandatory consumer protection provisions of their local law.
16.5 Informal resolution first: Before initiating any formal dispute resolution process, you agree to first contact us at [email protected] and attempt to resolve the dispute informally for a period of at least 30 days.
Opening Bell is not liable for any failure or delay in performing its obligations where such failure results from any cause beyond our reasonable control, including acts of God, natural disasters, pandemic, war, terrorism, civil unrest, government action, power failure, internet outages, Apple App Store decisions, or failure of third-party service providers.
If any provision of these Terms is found to be invalid, illegal, or unenforceable, that provision shall be modified to the minimum extent necessary to make it enforceable, or severed if modification is not possible. The remaining provisions shall continue in full force and effect.
These Terms, together with our Privacy Policy, constitute the entire agreement between you and Opening Bell Pty Ltd with respect to the Service and supersede all prior agreements, representations, warranties, and understandings, whether written or oral.
For questions about these Terms, please contact us at [email protected]. Opening Bell Pty Ltd, Melbourne, Victoria, Australia.
