Risk Disclaimer

1. What this document is

This Risk Disclaimer is a binding agreement between you and CYGOX AI. CYGOX AI develops and licenses algorithmic trading software on a subscription basis. We are not a broker, dealer, investment adviser, portfolio manager, or financial institution, and your funds remain in your own brokerage account at all times; we never take custody. By visiting cygox.com, subscribing to any CYGOX AI product, or connecting our software to your brokerage, you accept everything set out below.

Trading foreign exchange, equities, and commodities is not suitable for everyone. Whether it is suitable for you depends on your finances, your experience, and how much loss you can genuinely absorb.

2. General risk warning

WARNING: leveraged trading in FX, stocks, and commodities carries a high risk to your capital. You may lose some or all of the money you commit. Never trade with funds you cannot afford to lose in full.

Prices move fast and without warning. Leverage multiplies losses exactly as efficiently as it multiplies gains, and in adverse conditions your losses can exceed your deposit. Liquidity can vanish, spreads can widen, and geopolitical or macroeconomic shocks can invalidate any strategy overnight. If you are not certain you understand these mechanics, take independent advice from a licensed professional before trading a cent.

3. What CYGOX AI does not promise

CYGOX AI makes no guarantee of profit or protection from loss; no such guarantee is possible in trading. Specifically, we do not promise:

• any particular return, win rate, or performance figure;
• that live results will resemble historical, tracked, or backtested results;
• that any bot will behave as designed in every market condition;
• that your balance will stay above what you deposited;
• that signals or automated orders will always be timely, accurate, or error-free;
• that connectivity between our software and your broker will be continuous or free of latency.

4. Past and simulated performance

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Historical track records, even independently verified ones, describe what happened, not what will happen. Backtested and simulated figures deserve extra scepticism: they are constructed after the fact, benefit from hindsight, and exclude real-world frictions such as slippage, spread variation, commissions, thin liquidity, and the psychological weight of risking actual money. Live results can and do differ materially from any model, projection, or backtest.

5. PAMM structures

If you choose to participate in a Percent Allocation Management Module (PAMM) arrangement through your broker, understand that pooled or delegated execution does not reduce trading risk; losses inside a PAMM allocation are yours. CYGOX AI supplies connection technology only; we are not a money manager or fiduciary, we do not operate PAMM accounts, and we make no representation about any PAMM's terms, fees, or track record. Investigate any such arrangement independently before allocating capital.

6. The specific risks of automated trading

Connecting software to a live brokerage account introduces risks beyond ordinary manual trading. By using CYGOX AI you accept all of the following:

• Infrastructure failures. Bots depend on software, servers, data feeds, and internet connectivity. Outages, bugs, or cyberattacks can cause missed entries, unclosed positions, or unintended orders.
• Violent markets. Gaps, flash crashes, and liquidity droughts can overwhelm any rule set and produce losses far beyond historical norms.
• Execution slippage. Fills can differ from the prices a strategy expected because of latency, requotes, widened spreads, or partial fills, and the difference comes out of your results.
• Strategy decay. Rules that worked in past regimes can stop working when market behaviour changes. Overfitting to history is a permanent hazard of algorithmic design.
• Leverage. Margin trading can generate losses larger than your deposit and expose you to margin calls from your broker, which you alone must meet.
• Broker dependence. Your broker's solvency, technology, and policies are outside our control. A broker failure or platform outage can cost you money regardless of anything our software does.
• Shifting regulation. Laws, tax treatment, and enforcement priorities differ by country and change over time. Keeping your trading lawful in your jurisdiction is entirely your responsibility.

7. What you confirm by using CYGOX AI

By subscribing to or activating any CYGOX AI product, you represent and agree that:

• you are of legal age and capacity to enter this agreement;
• you are trading exclusively with risk capital, money whose total loss would not endanger your living standards or obligations;
• you understand margin, leverage, and the mechanics of the markets you trade;
• you authorise CYGOX AI software to place trades in your designated brokerage account according to the configuration you set;
• choosing, vetting, and funding your broker is your responsibility alone;
• you will monitor your account and know you can switch off automated trading through your broker at any time;
• you have read the CYGOX AI Terms & Conditions and Privacy Policy;
• you either obtained independent financial, legal, and tax advice or knowingly chose not to;
• you will not hold CYGOX AI or its people liable for trading losses you incur.

8. Hypothetical performance statement

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

9. Limitation of liability

TO THE MAXIMUM EXTENT THE LAW PERMITS, CYGOX AI AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AFFILIATES, SUCCESSORS, AND ASSIGNS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES CONNECTED WITH YOUR USE OF OUR SERVICES, INCLUDING TRADING LOSSES, LOST PROFITS, LOST DATA, BUSINESS INTERRUPTION, OR LOSS OF GOODWILL, EVEN IF ADVISED THAT SUCH DAMAGES WERE POSSIBLE.

Where liability cannot lawfully be excluded, our total aggregate liability for all claims is capped at the fees you actually paid CYGOX AI in the twelve months preceding the event that gave rise to the claim. All services are provided "as is" and "as available," without warranties of any kind, and your use of them is at your sole risk.

10. Incorporation into our other terms

This Disclaimer is incorporated by reference into the CYGOX AI Terms & Conditions and End User License & Services Agreement. If this Disclaimer and the Terms conflict, the provision more protective of CYGOX AI prevails. Capitalised terms not defined here carry the meanings given in the Terms.

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