Risk Disclosure
Trading involves substantial risk of loss and is not suitable for every investor. Please read this disclosure carefully before using IOST Terminal ("the Service"). It does not disclose all risks; it is a summary of the most important ones.
1. Paper trading by default; live trading only for admitted accounts
By default the Service runs in paper mode: all positions, P&L and balances are simulated with virtual funds and have no real-world financial effect. Results shown in paper mode do not represent actual trading outcomes and may differ materially from live results (slippage, fees, fills, liquidity, latency, and market impact are not fully simulated).
Live trading stays off by default. It is available only to a signed-in human whose own account has passed an operator review of residency and sanctions screening, and only after that person enables it for their account. Live orders are restricted to Kraken spot BTC/USD long positions placed with your own venue API key, are capped per opening order, and can be stopped at any time. Real money can be lost — including through automation that is left running unattended. Orders may be rejected, partially filled, or impossible to fill during venue outages, and we cannot guarantee execution, cancellation or settlement at the venue. Token deployment, conversion, staking, liquidity, and public-chain actions remain unavailable.
2. Not investment advice
The Service provides automated analyses — trade scores, grades, signals, probabilities, sentiment, on-chain data and AI-generated commentary. These are informational outputs of software systems, not personalized investment advice, recommendations, or solicitations. Nothing in the Service should be relied upon as advice about what to buy, sell, or hold. You — not the Service — are responsible for your investment decisions.
3. Crypto volatility and market risk
- Cryptocurrency prices are highly volatile and can move dramatically in seconds; assets can lose most or all of their value, and some may become illiquid or delisted.
- Paper Autopilot can simulate actions without per-trade review. Its results are hypothetical and remain subject to configuration, data, and modeling errors.
- Market venues may experience outages, forced liquidations, withdrawal halts, hacks, or insolvency. These events can make the public data used by the Service stale, incomplete, or misleading.
- Data feeds may be delayed, interrupted, or incorrect, which can cause automated decisions to be based on stale or wrong information.
4. Leverage and derivatives
If you use margin, leverage or derivative products (perpetuals, futures, options), losses can exceed your deposited funds. Be aware of the specific contract terms — including funding rates, liquidation prices and taker/maker fees — before trading.
5. Technical and operational risk
The Service is software under active development (see Terms of Service). Bugs, downtime, latency, browser or hardware failure, or human error can cause missed entries, duplicate orders, or unintended positions. We are not liable for such losses to the maximum extent permitted by law. Keep your own records and consider limiting the funds exposed to automation.
6. Consult a professional
If you are unsure whether trading is appropriate for you, or about the tax, legal or regulatory treatment of your trading activity, consult an independent financial advisor, tax professional or attorney. Nothing in this disclosure or the Service is legal, tax or investment advice.
7. Acknowledgment
By using the Service you acknowledge that you have read and understood this Risk Disclosure and the Terms of Service, and that you accept these risks.