Risk Disclosure
Draft. This disclosure describes the risks of the service accurately, but should still be reviewed against the regulations that apply in the markets you operate in.
The risks of trading leveraged products and of copying trades automatically.
Trading carries a high risk of loss
Trading leveraged products such as forex, indices, commodities and CFDs carries a high level of risk and can result in the loss of all of your capital. You should not trade with money you cannot afford to lose.
Copying does not reduce that risk
Copying another trader, your own second account, or a Telegram channel does not reduce market risk. It reproduces the decisions of the source, including losing ones, at the size you configure. A source that has been profitable may stop being profitable at any time.
Past performance is not indicative of future results
Any performance figure shown for a master trader, a channel or the platform describes what has already happened. It is not a forecast, not a guarantee, and gives no assurance of future returns.
Execution is not identical to the source
A copied order is sent to your own broker and fills at your broker's price at that moment. Spread, latency, slippage, available margin, symbol differences and market conditions mean your result can differ from the source's, sometimes materially. Orders can also be rejected by your broker.
Risk controls are limits, not guarantees
Daily loss caps, overall loss caps, per-trade drawdown closes and profit-target stops act on the information available to the platform at the time. Gapping markets, weekend moves, broker outages and connectivity loss can all produce a result beyond the limit you set. You are responsible for entering figures that match the rules of any prop firm you trade with.
Software and connectivity
The service depends on your broker, the MetaTrader platform, Telegram and network connectivity, none of which are under our control. Interruptions can delay or prevent a trade being copied, modified or closed.
You remain responsible
You remain responsible for your trading accounts, for the sources you choose to copy, for the risk settings you apply, and for meeting the rules of any funding or prop-firm agreement you hold.
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