Terms of Use: Copy-Trading

COPY TRADING IS HIGHLY SPECULATIVE AND MAY RESULT IN THE TOTAL LOSS OF THE FUNDS. LEAD TRADERS ARE INDEPENDENT THIRD PARTIES WHO TRADE EXCLUSIVELY FOR THEIR OWN ACCOUNT AND IN THEIR OWN INTEREST. EVEDEX DOES NOT SELECT, ENDORSE, SUPERVISE, VERIFY OR STAND BEHIND ANY LEAD TRADER OR ANY TRADING DECISION MADE BY THEM.

EVEDEX DOES NOT PROVIDE INVESTMENT ADVICE, PORTFOLIO MANAGEMENT, ASSET MANAGEMENT OR ANY OTHER REGULATED INVESTMENT OR CRYPTO-ASSET SERVICE. THE COPY TRADING SERVICE IS A NON-DISCRETIONARY EXECUTION TOOL WHICH ACTS SOLELY ON PARAMETERS YOU SELECT YOURSELF.

1. General

1.1. These Terms of Use: Copy Trading (the "Copy Trading Terms") establishes the terms and conditions on which you may access and use the Copy Trading Service through the Interface.

1.2. These Copy Trading Terms form part of, and shall be read together with, the General Terms of Use, the Terms of Use: Interface, the Risk Disclosure Statement and each of the other terms and conditions available on the Platform (together, the "Terms"). Capitalised terms used but not defined in these Copy Trading Terms have the meaning given to them in the General Terms of Use and Terms of Use: Interface. In the event of any conflict between these Copy Trading Terms and any other of the Terms in respect of the Copy Trading Service, these Copy Trading Terms prevail.

1.4. By activating, using or continuing to use the Copy Trading Service, you accept and agree to be bound by and to comply with these Copy Trading Terms. If you do not agree to these Copy Trading Terms, you must not activate or use the Copy Trading Service.

2. Definitions

2.1. "Lead Trader" means a user who has made their trading profile and trading activity publicly visible through the Interface so that it may be copied. A Lead Trader is an independent third party and is not an employee, agent, representative, partner, adviser or contractor of Evedex.

2.2. "Copying User" means a user who activates the Copy Trading Service in respect of one or more Lead Traders. References in these Copy Trading Terms to "you" are to you in your capacity as a Copying User.

2.3. "Signal" means the fact of a Lead Trader opening, modifying or closing a position on their own account.

2.4. "Copy Settings" means the parameters selected by you via the Interface.

2.5. "Copy Instruction" means an instruction submitted by you to establish, modify or terminate a Copy Relationship on Copy Settings specified by you.

2.6. "Copy Relationship" means the link established by a Copy Instruction between your own account and a Lead Trader, pursuant to which Signals generated by that Lead Trader are automatically converted into orders placed on your own account in accordance with your Copy Settings.

2.7. "Copy Trading Service" means the automated functionality of the Protocol which, upon and solely in consequence of your Copy Instruction, converts Signals generated by the relevant Lead Trader into orders placed on the account of the user without any intervention, discretion, assessment, review, confirmation or approval by Evedex, by any Lead Trader or by any other person. The Company does not provide the Copy Trading Service, but only access to the Interface.

3. Subject Matter

3.1. The subject matter of these Copy Trading Terms is the provision by us to you, free of charge, of access through the Interface to the Copy Trading Service.

3.2. Our services related to the Copy Trading Service are limited to: (a) the display of publicly available profiles and trading statistics of Lead Traders; (b) the technical ability for you to access the Interface. We provide no other service, and undertake no other obligation, in connection with the Copy Trading Service.

3.3. You acknowledge, represent and agree that:

3.3.1. Execution only; non-discretionary. The Copy Trading Service is an automated order-generation tool which converts Signals into orders strictly in accordance with the Copy Settings you select. Neither Evedex nor any Lead Trader exercises any discretion over your account, your funds, your positions or your orders.

3.3.2. No pooling; no transfer of funds. Your funds are never pooled with the funds of any Lead Trader or of any other Copying User and are never transferred to, held by, controlled by or made available to any Lead Trader. All orders generated through the Copy Trading Service are executed on your own account, using your own collateral, and are subject to your own margin requirements, liquidation and auto-deleveraging (ADL) outcomes.

3.3.3. No advice and no recommendation. Nothing made available through the Interface, including through Copy Trading Service (including profiles, statistics, rankings, other content or promotional material) constitutes investment or any other advice.

3.3.4. No assessment. We do not assess whether copy trading generally, or any particular Lead Trader, is suitable or appropriate for you, and we do not collect information for that purpose. That assessment is yours alone.

3.3.5. No fiduciary duties. No fiduciary, advisory, agency or trustee relationship arises between you and Evedex, or between you and any Lead Trader, in connection with the Copy Trading Service.

3.3.6. Evedex is not a party to your relationship with a Lead Trader. Any relationship arising from a Copy Relationship exists between you and the relevant Lead Trader only. We are not a party to it, we do not guarantee any obligation of a Lead Trader to you, and we are not responsible or liable for any act, omission, trading decision, strategy or statement of any Lead Trader, whether made on the Platform, on social media or elsewhere.

3.3.7. No verification of Lead Traders. We do not verify, audit, endorse or assess the identity, qualifications, experience, skill, competence, regulatory status, honesty or financial standing of any Lead Trader, nor the merits, risk profile or continuity of any strategy.

3.3.8. Independent Lead Traders. Each Lead Trader trades their own funds, on their own account, at their own risk and exclusively in their own interest. No Lead Trader owes you any duty of care, loyalty or disclosure, and a Lead Trader may act in a manner contrary to your interests, including by closing, reversing or hedging a position immediately after a Signal has been copied to your account.

3.3.9. No guarantee of replication. The Copy Trading Service operates on a reasonable-efforts basis only. Your results may differ from those of the Lead Trader.

3.3.10. Past performance. Past performance and historical statistics are not indicative of, and are no guarantee of, future results.

3.3.11. Discontinuity. A Lead Trader may change strategy, take on materially greater risk, cease trading, withdraw their funds or remove their profile at any time, without notice to you and without any obligation to you.

3.3.12. Your responsibility. You are solely responsible for selecting each Lead Trader, for your Copy Settings, for monitoring your account and your positions, and for maintaining sufficient collateral at all times.

3.3.13. Automation. An active Copy Relationship may result in a high frequency of orders and positions being opened, modified and closed on your account without any further action by you, including at times when you are not monitoring your account and including in volatile or illiquid market conditions.

3.3.14. Risk of total loss. Copy trading is highly speculative, is conducted using leveraged perpetual futures contracts, and may result in the total loss of the funds.

3.3.15. Order Restrictions. There are a number of order restrictions when copy trading, including on the minimum and maximum amount that can be invested, the minimum amount on any single copy trade. The full restrictions are listed on our website and may be amended from time to time at our sole discretion. Open trades that are in breach of these order restrictions will be closed out at our discretion.

3.3.16. Mininmum Order Threshold. If you copy an order, but your Copy Settings do not allow to open an order, since the order would be below the minimum order volume, your order will be opened in a manner to copy the Signal in the most similar, but not identical manner, which may result in the higher risks of losses, liquidation, ADL.

3.4. Any statistics, historical performance, rankings, ratios, drawdown figures and other metrics displayed through the Interface in connection with a Lead Trader are provided for information only.

4. Eligibility

4.1. The eligibility requirements set out in section 2 of the General Terms of Use and in section 2 of the Risk Disclosure Statement apply in full to the Copy Trading Service.

4.2. We may make access through the Interface to the Copy Trading Service unavailable, in whole or in part, to users in any jurisdiction, or to any category of user, at any time and at our sole and absolute discretion, with or without notice.

4.3. You represent that your use of the Copy Trading Service is lawful in each jurisdiction in which you are located, resident or operating, and that it does not require any licence, registration or authorisation on your part which you do not hold.

5. No guarantee of replication

5.1. We do not represent or warrant that any Signal will be copied at all, in full, in the intended size or direction, at the same price, or at the same time as the Lead Trader.

5.2. Without limitation, your results may differ from those of the Lead Trader as a result of any of the following, without limitation: latency in the generation, transmission, matching or settlement of orders; slippage and price movement between the Lead Trader’s fill and yours; partial fills or non-execution; rounding, minimum and maximum order sizes and tick sizes; differences in available collateral, leverage, margin mode, risk limits and position limits; differences in fees and funding payments; your own manual actions; liquidation or ADL affecting your account but not the Lead Trader’s account, or the reverse; deposits, withdrawals, or positions of the Lead Trader on other accounts or venues; market suspension, delisting or amendment of contract specifications; and any technical failure, bug, outage, degradation, maintenance or error affecting the Interface, the Protocol, the underlying blockchain networks or any third-party infrastructure; bad faith actions of the Lead Trader.

5.3. The Copy Trading Service may cease to generate orders, or may cease to operate, at any time and without notice, including on the occurrence of any event described in clause 7.1.

6. Fees

6.1. We provide our service free of charge.

6.2. Standard trading fees, funding payments and other charges applicable on the Platform apply in full to all orders generated through the Copy Trading Service.

6.3. No Lead Trader is authorised to charge, request or accept any fee, subscription, donation or other payment from you, to solicit any transfer of funds from you, or to manage your account on a discretionary basis. If any person purports to do so, you must not comply, and you should report the matter to us at [e-mail].

7. Termination of a Copy Relationship

7.1. A Copy Relationship may terminate or be suspended automatically or at our discretion, with or without notice, including where: you terminate it; the Lead Trader ceases to act as a Lead Trader, removes their profile, or is delisted, suspended or terminated; the Lead Trader’s account is liquidated, closed or restricted; the limits in your Copy Settings are reached; your collateral is insufficient; we are required to act by applicable law, regulation or a competent authority; we suspect conduct prohibited under the Terms; or we modify or discontinue access through the Interface to the Copy Trading Service.

7.2. On termination or suspension of a Copy Relationship, no further orders will be generated from that Lead Trader’s Signals. Positions already open on your account at that time will remain open, will not be closed as a result of the termination or suspension, and will be your sole responsibility to manage. All orders and positions on your account are and remain your sole responsibility.

7.3. We shall have no liability for any loss arising from the termination, suspension, delay, malfunction or non-availability of any Copy Relationship or of the Copy Trading Service.

8. Prohibited conduct

8.1. Section 5 of the General Terms of Use applies in full. In addition, you must not use the Copy Trading Service to: create or operate multiple accounts in order to circumvent risk limits or reward logic; establish Copy Relationships between accounts under common control in order to generate artificial volume, statistics, rewards or fee; engage in self-copying, wash trading, self-trading or any arrangement whose purpose or effect is to inflate or distort the metrics of any Lead Trader; extract, scrape, resell or redistribute Signals, statistics or profile data; or reverse engineer, replicate, circumvent or interfere with the operation of the Copy Trading Service.

8.2. Where we determine that prohibited conduct has occurred, we may, in addition to the remedies available under section 5.2 of the General Terms of Use, terminate any or all of your Copy Relationships and restrict or terminate your access through the Interface.

9. No warranties

9.1. To the fullest extent permitted by law, we disclaim all representations, warranties, conditions and terms of any kind, whether express, implied or statutory, including as to merchantability, satisfactory quality, fitness for a particular purpose, accuracy, availability, uninterrupted or timely operation, freedom from error, and as to any profit or performance whatsoever.

10. Limitation of liability and indemnity

10.1. Sections 12 and 13 of the General Terms of Use apply in full to the Copy Trading Service and are incorporated into these Copy Trading Terms by reference.

10.2. Without limiting section 12 of the General Terms of Use, we shall have no liability to you for any loss arising out of or in connection with: any act, omission, statement, trading decision or strategy of any Lead Trader; any dispute between you and a Lead Trader; the accuracy, completeness, methodology or continuity of any performance information; any failure, delay, deviation or non-execution in copying; any liquidation or auto-deleveraging affecting your account; or the suspension, modification, delisting or discontinuation of any Lead Trader profile or of access through the Interface to the Copy Trading Service.

10.3. You agree to hold harmless, release, defend and indemnify the Indemnified Parties on the terms of section 13 of the General Terms of Use in respect of your use of the Copy Trading Service.

11. Suspension, modification and discontinuation

11.1. We may, at our sole discretion and without prior notice, suspend, modify or terminate the Copy Trading Terms or any part of it.

12. General

12.1. These Copy Trading Terms and any dispute or claim arising out of or in connection with them, their subject matter or formation (including non-contractual disputes or claims) are governed by, and shall be construed in accordance with, the laws of England and Wales.

12.2. Any dispute arising out of or in connection with these Copy Trading Terms shall be resolved in accordance with section 15 of the General Terms of Use, including by binding arbitration under the LCIA Rules before a sole arbitrator seated in London.

12.3. In all other respects, the Terms apply, including as to assignment, notice, severability and entire agreement.