Skip to Content

Terms of Service

Welcome to SNRobotiX "SNR". These Terms of Use ("Terms") govern your access to and use of our algorithmic trading service ("Service") for forex, CFDs, indices, and other financial instruments ("Instruments"). By using the Service, you agree to be bound by these Terms. If you do not agree to all these Terms, you are not authorized to use the Service.


Understanding the Service

SNRobotiX "SNR" provides an algorithmic trading software (the "Software") that connects to your trading account at one of our partner Brokers ("Broker"). The Software utilizes algorithmic strategies to generate trading signals and automatically execute buy, manage, and sell orders for the Instruments in your Broker trading account. SNR is not a broker and does not provide brokerage services. We only act on your behalf and connect to accounts with our pre-approved partner brokers. The list of our current partner Brokers can be found on our website.


Important Disclaimers

- Limited Role: SNRobotiX acts solely as a software provider. We:

o  We do not have access to deposit or withdraw your funds. We can only issue instructions on your behalf to the Broker; however, funds can only be withdrawn to the bank account used for the deposit. For more information, please refer to the AML regulations on your Broker's website.

o Do not take responsibility for losses caused by market fluctuations, unforeseen events, or the performance of the Software's algorithms.

o Do not provide any financial, investment or brokerage advice.

- Client Responsibility: You are solely responsible for:

o Understanding the inherent risks of trading the Instruments, including the potential for significant financial losses. You acknowledge that forex and CFDs are leveraged products, which means both gains and losses are magnified. You confirm you can afford to suffer such losses without compromising your financial well-being.

o Monitoring the performance of the Software and your Broker account.

o All trading decisions made by the Software based on its algorithms. You acknowledge that these decisions are automated and may not always be successful.


Trading Credentials: To connect the Software to your Broker account, we will manage your trading account login credentials. SNRobotiX will only use these credentials to execute trades based on the Software's signals. We do not have access to your funds or the ability to perform any other actions beyond trade execution.


Financial Disclosures: 

- You are responsible for all fees associated with your Broker account, including trading commissions, account maintenance fees, and any other charges imposed by your Broker. SNR will diligently review the validity of these fees with the Broker and, if warranted, will dispute them directly with the Broker on your behalf. 

- SNRobotiX Fees: In addition to any Broker fees, you will be charged separate Management and Performance fees to use the Service. The fee structure is described in the Service Agreement signed prior to the start of the Service. These fees will be invoiced separately every three months and are non-refundable.


Risk Disclosure

Trading the Instruments is inherently risky and can lead to substantial financial losses. You should carefully consider your financial situation, investment objectives, and risk

tolerance before using the Service. Past performance of the Software is not necessarily indicative of future results.


Termination

We may, at our discretion, terminate your access to the Service for any reason with reasonable notice. You may terminate your use of the Service at any time by giving us 2 months' notice. During this notice period, SNR will only manage existing open positions until their completion but will not initiate new ones. Upon termination, all trading account credentials will be transferred to you, and you will be responsible for managing your Broker account and any outstanding fees.


Indemnification

You agree to indemnify and hold harmless SNRobotiX from any losses, liabilities, or

expenses arising from your use of the Service, market conditions, or unforeseen events. This includes, but is not limited to, losses resulting from:

- Normal market fluctuations.

- Economic announcements and news events.

- Political developments.

- Acts of nature or force majeure events.

- Technological failures or disruptions beyond SNRobotiX's control.

- Any other unforeseeable events affecting the financial markets.

- The performance of the Software's algorithms.


Disclaimer

SNRobotiX provides the Service "as is" and without warranties of any kind, express or implied. SNRobotiX disclaims all warranties, including but not limited to, the implied warranties of merchantability, fitness for a particular purpose, and non infringement These Terms constitute the entire agreement between you and SNRobotiX regarding the Service. These Terms may be modified by us at any time. Your continued use of the Service after any modifications constitutes your acceptance of the modifications.