Disclaimer

Last Updated: May 20, 2026

Overview and Legal Status

Axion Algo is not a registered company or incorporated legal entity, but rather the name of an online software-as-a-service (SaaS) platform. It provides users with access to AI-powered TradingView indicators and related educational community support. All references to "Axion Algo," "we," or "us" refer to the platform and its operator, not to any officially registered corporation. Axion Algo is not a licensed financial or investment adviser, broker/dealer, banking institution, or tax or legal professional. The platform and its operators have no official affiliation with TradingView, Inc., or any brokerage or financial institution (see TradingView Disclosure below).

The services and content provided by Axion Algo are offered solely on an impersonal, informational basis for educational purposes and do not constitute personalized financial, trading, investment, tax, legal, or accounting advice.

Educational Purpose – No Financial Advice

All information, tools, indicators, presets, scripts, strategies, bots, consulting sessions, and other content provided by Axion Algo are intended for informational, educational, or entertainment purposes only. Nothing on our website, in our TradingView indicators, on our social media, or communicated through our community channels should be construed as financial advice, investment recommendations, or an offer to buy or sell any security or asset. Axion Algo does not provide any of the following services:

• Financial, Investment, or Trading Advice: We do not tell you what securities, cryptocurrencies, or other assets to buy or sell, nor do we make personalized trading recommendations. Any market analyses, chart indicators, or strategy ideas are impersonal and generic in nature, meant to illustrate concepts for learning purposes. They are not tailored to your specific financial situation or objectives.
• Legal, Tax, or Accounting Advice: We do not provide legal counsel, tax planning, accounting, or any professional services that would require licensure. You should consult qualified professionals for advice on those matters.

Any opinions, signals, charts, scripts, or other market data we provide are general market information and should not be relied upon as the sole basis for making trading or investment decisions. Past performance is not indicative of future results in any case; no content or tool we provide guarantees any particular outcome or profit.

You are strongly advised to perform your own independent research or consult a licensed financial advisor before making any actual investment decisions. If any content from Axion Algo could be interpreted as a suggestion to trade, it is to be understood as hypothetical and educational – not a directive.

Risk Disclosure

Trading and investing in financial markets are inherently risky activities. By using Axion Algo, you acknowledge and accept that you may incur significant losses, including the possible loss of all funds invested. Many individuals will lose money in connection with trading activities, and you should only trade with money you can afford to lose. The high volatility of markets (particularly in cryptocurrency and forex trading) and the use of leverage can greatly amplify risks and potential losses.

Forex, cryptocurrency, and other leveraged trading carry special risks: the leveraged nature of these markets means that even small market movements can have a large impact on your positions, which may work against you as well as in your favor. It is possible to lose more than your initial investment when trading on margin or using leverage, and investors may lose the entirety of their investment in certain cases.

No guarantee of profit or safety: All investments and trading strategies involve risk, and past performance of any strategy or asset – no matter how positive – does not guarantee future results. Axion Algo's tools and educational content are provided to help you analyze the markets, but they do not eliminate risk or ensure profitable outcomes.

You must carefully consider your own financial situation, experience level, and risk tolerance before engaging in any trading or investing. If necessary, consult an independent financial advisor to understand the risks. Decisions to buy, sell, hold, or trade securities, cryptocurrencies, or other financial instruments are solely your responsibility and are best made with the guidance of qualified professionals. Axion Algo explicitly disclaims any liability for losses incurred in your trading activities (see No Liability below) and encourages you to use prudent risk management at all times (for example, never risking more than you can afford to lose).

Hypothetical Performance Disclaimer

Any examples of strategy performance, backtesting results, simulated trades, or AI-generated trading presets provided by Axion Algo are purely hypothetical and presented for educational illustration. Hypothetical or simulated performance results have inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Because these trades may not have been executed in real markets, the results can be over-optimistic or pessimistic: for instance, simulations may overcompensate or undercompensate for real-world factors like liquidity constraints, slippage, delays in execution, or human emotions. All backtested results or examples are achieved with the benefit of hindsight on historical data. No representation is being made that you will or are likely to achieve profits or losses similar to those shown in any hypothetical examples or past results.

In particular, Axion Algo's AI-based tools and preset indicators may show theoretical buy/sell signals or strategy outcomes based on historical pattern recognition or algorithms. These do not guarantee real-world performance, and real trading results can differ substantially. Market conditions constantly change, and an approach that performed well in the past or in simulation may perform poorly in reality. Factors such as real-time market volatility, broker execution speed, transaction costs, network issues, and trader psychology can all affect actual outcomes, and these factors are often impossible to fully model or anticipate in a simulation.

CFTC Rule 4.41 Notice (Hypothetical Results)

In accordance with U.S. Commodity Futures Trading Commission (CFTC) requirements, please note the following: PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Any performance results presented may be hypothetical.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE LIMITATIONS – unlike an actual performance record, simulated results do not represent actual trading. Because the trades have not been actually executed, the results may have under- or over-compensated for the impact of certain market factors (such as lack of liquidity). Simulated trading programs are also subject to the fact that they are designed with the benefit of hindsight. No representation is made that any account will or is likely to achieve profits or losses similar to those shown.

Illustrative Charts, Screenshots & Visual Marketing Materials

All charts, candlestick visualisations, signal markers, indicator overlays, dashboard mock-ups, screenshots, GIFs, videos, animations and any other graphical or visual material displayed on this website, in our emails, on social media, in advertising, in affiliate materials, in PDF guides, in Discord, in blog posts, in landing pages or in any other Axion Algo property are presented for illustrative, educational and demonstrative purposes only.

Specifically and without limitation:

• Hero charts and demo charts may use historical price data, sample data, synthetic data, or hand-picked time windows where the indicator behaved well. They are NOT live data feeds and they do NOT represent typical performance.
• ALGO BULL / ALGO BEAR signal markers shown on example charts are positioned for illustrative clarity. Real-time signals on your own chart will print at candle close on your selected timeframe and depend on your preset, market, broker feed, and many other factors. They will not necessarily match the historical examples shown.
• Mini-candles, sparklines and background visual patterns inside cards, banners, and decorative areas of the site are deterministic synthetic data generated for visual design. They do NOT represent any real asset, time period, or outcome.
• Screenshots of dashboards, settings panels, account views and onboarding screens may be edited, cropped, mocked-up, or show non-real account data, non-real usernames, non-real P&L figures and non-real subscription state, for the sole purpose of showing how the interface works.
• P&L screenshots, trade history images, equity curves, win-rate graphics, “recent trades” widgets and any image suggesting profit, loss, return percentages or money-related outcomes may be hypothetical, simulated, edited, selected for favourable results, anonymised, paraphrased, or constructed purely for marketing demonstration. They are NOT a representation that you, any specific Axion user, or any specific trade actually experienced those exact outcomes, and they are NEVER a guarantee of future results.
• Video testimonials, before-and-after screen recordings, “case study” videos are individual anecdotes, may be edited, may show non-typical experiences, and reflect the speaker's perspective at a specific moment in time. They are not a forecast of typical user results. See also our Testimonials Disclaimer below.
• Marketing imagery showing lifestyle elements (laptops on beaches, multi-monitor setups, “trader desks”, city skylines, fast cars, luxury items) appearing anywhere in our materials is design imagery, not a promise of the lifestyle you will achieve by subscribing to Axion Algo. We make no such promise. We do not believe in the “guru lifestyle” selling model and reject any implication of it in our materials. If you ever see such imagery on a third-party page claiming to represent Axion Algo, it is most likely unauthorised or a phishing impersonation; please report it to our contact form.
• Animations, countdowns, “recent purchase” tickers and live-activity widgets, where present, may use aggregated, delayed, simulated, or sample data unless explicitly labelled as live feeds. Where a widget reflects real activity, it will be clearly labelled as such.
• AI-generated visuals (illustrations, icons, composite images, generated photography) may appear in our materials. They are clearly intended as design assets and do not represent real people, real customer photos, or real events.
• Third-party platform screenshots (TradingView charts, broker interfaces, exchange panels) shown in our materials are used solely for illustrating where the Axion Algo indicator runs. Logos and trademarks belong to their respective owners. Such screenshots are NOT endorsements by those platforms.
• Per-asset preset cards, country flags, sector icons and similar visual identifiers are design elements and not a representation of regulatory authorisation, exchange affiliation, or official partnership with any asset, jurisdiction, or institution.

Where any visual material is later replaced with live data (for example, a future “recent signals” widget pulling real feeds), we will clearly label it as live. Until such an explicit live label is present, you should assume any chart, graphic, screenshot, animation, or marketing image is illustrative.

You agree that your decision to subscribe to or to continue using Axion Algo is NOT based on any specific outcome implied by any visual material, and that you have read and understood the Hypothetical Performance Disclaimer and CFTC Rule 4.41 Notice above. You waive any claim that you were misled by the illustrative nature of any visual marketing content, except where such content contains an explicit false statement of material fact about the Service itself (in which case our liability is governed and limited by the Terms of Service).

Testimonials Disclaimer

From time to time, Axion Algo or its community members may share testimonials, reviews, success stories, or performance claims (for example, users stating that they made profits using our indicators). Please be aware that any such testimonials are anecdotal and exceptional cases – they are not guarantees of results for all users. Testimonials appearing on our site or in our materials may not be representative of the experience of other clients or customers. They are not a guarantee of future performance or success for you or anyone else. Individual trading results vary widely due to many factors, including experience, discipline, risk management, market conditions, and luck.

Any trading results or earnings claims have not been independently verified, and Axion Algo has no basis to believe that these are typical results for most users. You should not assume you will have the same outcomes as any testimonial – your personal results could be better or worse, and most traders in general are likely to incur losses given the high-risk nature of trading.

Furthermore, by law we cannot and do not guarantee any level of results or performance. You should be skeptical of any strategy or tool promising sure profits. No testimonial, case study, or endorsement should be interpreted as a promise of earnings. All users are strongly advised to focus on learning and practicing sound trading principles; never trade based solely on the success stories of others.

Third-Party Platforms and TradingView Disclosure

Axion Algo's services rely on third-party platforms and technology that are outside of our control. In particular, our trading indicators are designed to be used on the TradingView charting platform as invite-only scripts. TradingView® is a registered trademark of TradingView, Inc. Axion Algo is an independent product and has no official affiliation with TradingView. TradingView does not endorse, sponsor, or approve our tools or services, and has no relationship with our platform beyond providing the charting environment in which our indicators run. Any use of TradingView's name or trademarks on our site is solely to reference the compatibility of our tools with their platform. Likewise, any other third-party services we utilize (such as Discord for community chat or Stripe for payment processing) are not partners or affiliates of Axion Algo; we do not control their services and are not liable for their performance.

Important: Axion Algo does not have access to your personal brokerage or trading accounts. We cannot execute trades on your behalf, and we do not track or monitor your individual trading results. All trading transactions you make are through your own brokerage or exchange accounts, entirely under your control. As a result, we have no information about, and no ability to verify, your personal trading performance. We also have no reason to believe that users of Axion Algo perform any better or worse than other traders in the market simply by using our tools. Always remember that you alone are responsible for the management of your accounts and trades.

No Liability for Outcomes

By using Axion Algo's tools and content, you assume full responsibility for your trading decisions and outcomes. Axion Algo and its owners, developers, and team will not be liable for any direct or indirect losses, costs, or damages arising from your use of the platform or reliance on any information we provide. This includes, without limitation, any loss of funds, lost profits, missed opportunities, or other consequential damages.

We do not guarantee any specific outcome (profit, win rate, etc.), and we expressly disclaim responsibility for any trading losses or financial harm you may incur. You should use your own best judgment and due diligence when applying any strategies or interpreting any signals from Axion Algo. All trading actions you take are taken at your own risk. If you ever feel that you do not fully understand the risks or that trading is not compatible with your financial situation or risk tolerance, you should refrain from trading or seek professional advice.

Axion Algo provides no warranties or guarantees of any kind, express or implied, about the completeness, accuracy, or reliability of its indicators and educational content. The platform and all services are provided on an "as is" and "as available" basis without any warranty of performance. While we strive for accuracy and uptime, we do not warrant that the service will be error-free or uninterrupted, or that any issues will be corrected. Users should be prepared for occasional technical issues (for example, data outages or software bugs) and understand that Axion Algo is a tool to aid in analysis, not a fail-safe system.

In summary, using Axion Algo is 100% at your own risk. By using our platform, you acknowledge that Axion Algo has disclaimed any and all liability for the outcomes of your trading and investment decisions. If you are not willing to accept this responsibility and risk, do not use Axion Algo's services.

Refund and Cancellation Policy

Axion Algo offers a limited refund policy for new subscribers, which we summarize here (see our full Terms and Conditions for complete details). We provide a one-time courtesy refund on your first subscription purchase if requested within the first 30 days of that initial purchase. This first-month satisfaction guarantee allows new users to try the service essentially risk-free for up to 30 days. To be eligible, you must contact us within 30 days of your initial sign-up and request the refund per our procedures (usually by emailing our support team). Each customer is only eligible for one such refund – this guarantee cannot be used more than once. If you have already received a refund from Axion Algo on a prior subscription, we reserve the right to decline additional refund requests.

Beyond the first 30 days of your first subscription, all sales are final. This means no refunds will be issued for subscription renewals, subsequent months, mid-cycle cancellations, or multiple months of use. Once your initial 30-day refund window has passed, you will not be entitled to recurring refunds or pro-rated refunds for cancelling part-way through a billing period. It is your responsibility to cancel your subscription before it renews if you do not wish to continue; otherwise, regular monthly charges will apply and will not be refunded. We may make exceptions or accommodations in rare, extenuating circumstances at our discretion, but the general policy is strict no-refund after the first month. Please review our Terms or contact support if you have questions about billing.

Cancelling your subscription will stop future auto-renewal charges, but you will retain access to the service until the end of the period you paid for. No additional refunds (beyond the first-month guarantee, if applicable) are provided upon cancellation. By subscribing to Axion Algo, you acknowledge and accept this refund and cancellation policy.

Per-Asset-Class Risk Disclosures

Different financial instruments carry different risk profiles. The following disclosures are not exhaustive but highlight key risks of the assets most users analyse with Axion Algo. Before trading any instrument, read the official risk disclosure documents of your broker, exchange or regulator.

Cryptocurrencies

Cryptocurrency markets operate 24 hours a day, 7 days a week with extreme volatility, low liquidity in many pairs, frequent flash crashes, and exchange-specific risks such as withdrawal freezes, insolvency, depegging events, oracle failures, smart-contract exploits, network congestion, or 51% attacks. Custodial exchanges can be hacked or seized; self-custody requires secure key management, as lost private keys mean permanent loss of funds.

Exchange failure history is well documented. The 2014 Mt. Gox collapse resulted in the loss of approximately 850,000 BTC. QuadrigaCX (2019) lost access to roughly CA$190 million in customer assets after the death of its CEO. FTX (November 2022) filed for bankruptcy after a liquidity crisis, freezing billions in customer funds. Celsius Network and Voyager Digital both suspended withdrawals and filed Chapter 11 in 2022. BlockFi, Genesis, and Three Arrows Capital followed. Funds held on custodial platforms are not your funds in any meaningful sense until you can withdraw them.

Smart-contract and DeFi risk: code is law in decentralised finance, and a single overlooked bug can drain a pool in seconds (see the Ronin Bridge $625M exploit in 2022, the Wormhole $325M hack, the Poly Network incident, and dozens of rugpulls where developers minted unlimited supply and sold). Even audited contracts have failed. Token approvals you signed months ago can be drained by upgraded malicious routers.

Regulatory uncertainty is global and rapidly shifting. In the United States the SEC and CFTC continue to dispute jurisdiction over digital assets; enforcement actions against Coinbase, Binance, and Kraken have reshaped market structure. The European Union's MiCA framework entered full effect in December 2024, requiring stablecoin issuers and crypto-asset service providers to obtain authorisation. The UK FCA requires crypto firms to register under the Money Laundering Regulations and to comply with the Financial Promotions regime. India taxes crypto gains at 30% with a 1% TDS on transfers. Many jurisdictions have outright bans or partial restrictions.

Stablecoin de-peg events: TerraUSD (UST) lost its peg in May 2022 and collapsed within days, wiping out over $40 billion of value across UST and Luna. USDC briefly traded below $0.90 in March 2023 during the Silicon Valley Bank collapse, when Circle disclosed $3.3 billion of reserves were held there. Algorithmic, fractional, and even fully reserved stablecoins can de-peg under stress; you should not assume a $1.00 quote means $1.00 of redeemable value.

On-chain hazards: Maximal Extractable Value (MEV) bots sandwich-attack large swaps on AMM DEXs, extracting value from retail orders. Wash trading is rampant on smaller exchanges, inflating reported volume and obscuring true liquidity. Validator slashing on proof-of-stake chains can destroy a portion of staked principal for downtime or double- signing. Fork events and airdrops carry their own tax consequences — the U.S. IRS treats hard forks as ordinary income at fair-market value when received (Rev. Rul. 2019-24), and the UK HMRC similarly treats airdrops as miscellaneous income in many cases. Whether you self-custody (full responsibility, no recourse) or use a custodian (counterparty risk, possible seizure) is a strategic choice with no risk-free option.

Forex (Foreign Exchange)

Forex trading often involves high leverage that can multiply both gains and losses. You can lose more than your initial deposit on non-CFD products in some jurisdictions. Currency pairs may gap on weekend opens, around economic releases, or during geopolitical events. Slippage can be severe in low-liquidity windows (e.g., the Asian session for European crosses or the rollover window at the New York 17:00 EST close). Counterparty risk varies by broker — choose a regulated broker and read its risk-disclosure document before funding an account.

OTC market structure. Foreign exchange is an over-the-counter market with no central exchange and no consolidated tape. Prices, spreads, and execution quality vary between liquidity providers. Your broker may aggregate quotes from a Prime-of-Prime, internalise flow (B-book), or pass orders straight through to a liquidity pool (A-book or STP). Last-look rejection by liquidity providers remains common and can materially affect fill quality during volatile periods.

Rollover and swap fees. Holding a position overnight (past 17:00 New York time) triggers a swap charge or credit based on the interest-rate differential between the two currencies in the pair. Wednesday rollovers typically book three days of swap to cover the weekend. Negative carry on high-interest-rate currencies (TRY, MXN, ZAR, BRL) can erode positions held against the carry direction.

Currency controls and exotics. Several currencies are subject to capital controls (Chinese yuan CNH vs onshore CNY, Russian ruble RUB after 2022 sanctions, Argentine peso ARS, Egyptian pound EGP, Nigerian naira NGN). Non-deliverable forwards (NDFs) are sometimes the only access. Cross-rates can dislocate the moment sanctions are imposed (the ruble's 30%+ devaluation on 2022-02-28 and the subsequent Moscow Exchange closure left many traders unable to exit positions for weeks). Exotic crosses such as USDZAR, USDTRY, and USDMXN exhibit widening spreads during off-hours and around central-bank surprise actions.

Event-driven gaps. Major economic releases — U.S. Non-Farm Payrolls on the first Friday of each month, FOMC rate decisions, ECB and BoE rate decisions, CPI prints, GDP revisions — produce sudden multi-pip moves and slippage on stops. Geopolitical shocks (the SNB's removal of the EUR/CHF floor on 2015-01-15, which caused an instant ~30% move in CHF crosses and bankrupted several retail brokers; the Brexit referendum result on 2016-06-24; the Russian invasion of Ukraine in February 2022) demonstrate that "black-swan" gaps are regular features of FX, not edge cases. Weekend gap risk applies to all positions held from Friday close to Sunday open.

Futures & Commodities

Futures contracts are highly leveraged products. A small adverse move can produce a margin call requiring you to deposit additional funds within hours or face forced liquidation at prevailing market prices, which may be significantly worse than the trigger level. Initial margin and maintenance margin requirements are set by the exchange and the broker (the broker may impose stricter requirements) and can be raised mid-day during volatile periods.

Contango and backwardation. When the futures curve trades higher than spot (contango), rolling positions forward incurs a roll yield cost; when it trades lower (backwardation), the roll generates positive yield. This is especially material for commodity futures (oil, natural gas, agricultural products) and for VIX futures, where contango regularly destroys long-vol products such as VXX and UVXY over time.

Expiry roll mechanics. Each futures contract has a specific Last Trading Day and, separately, a First Notice Day for physically-settled contracts. If you hold a physically-settled contract past First Notice Day you may be assigned the underlying — barrels of WTI crude, bushels of soybeans, contracts of live cattle — which is rarely the intention of a speculative trader. The April 2020 WTI crude collapse to negative $37.63/bbl famously caught long positions holding into expiry when no buyers existed for physical delivery.

Contract specifications matter. Tick size and tick value differ across products: E-mini S&P 500 (ES) is $12.50 per tick with a $50 multiplier; Micro E-mini (MES) is $1.25 per tick with a $5 multiplier; Crude Oil (CL) is $10 per tick with a $1,000 contract value per dollar move; Gold (GC) is $10 per tick. Position-sizing on the wrong contract can produce orders-of-magnitude larger exposure than intended.

Limit-up / limit-down circuit breakers. Most futures contracts have daily price limits that, if breached, halt trading or enter a price-discovery auction. Lock-limit days prevent exit at any price, leaving positions exposed to the next session's open. Exchange holidays vary by product (CME, ICE, EUREX, SGX, HKEX schedules differ) and create gap risk when the underlying continues to trade elsewhere.

Sector-specific risks. Energy (CL, NG, RB, HO) is sensitive to OPEC announcements, hurricanes in the Gulf of Mexico, refinery outages, and pipeline disruptions. Grains (ZC, ZW, ZS) follow USDA WASDE reports, planting and harvest cycles, weather, and export-tariff disputes. Soft commodities (sugar, coffee, cocoa, cotton, orange juice) are exposed to political risk in producing nations, frost events, and disease outbreaks. Metals respond to industrial demand, central-bank purchases, and currency moves. Index futures are subject to gap risk at session open.

Equities (Stocks)

Stocks are subject to issuer-specific risk (bankruptcy, dilution, delisting, accounting restatements, fraud), systemic market risk, sector rotation, dividend cuts, tender offers, trading halts, and short-sale rules. After-hours and pre-market trading carries wider spreads, thinner liquidity, and the possibility that limit orders fill at substantially worse prices than the displayed quote.

Dividends and corporate actions. Ex-dividend dates cause mechanical price adjustments equal to the dividend amount; algorithmic signals that do not adjust for the ex-dividend gap can misinterpret normal corporate-action behaviour as a breakdown. Forward stock splits (Apple 4-for-1 in 2020, Tesla 3-for-1 in 2022, Nvidia 10-for-1 in 2024) and reverse splits (often a warning sign on small-caps) reset per-share price levels and historical chart context. Spin-offs distribute new shares of subsidiary entities to existing shareholders, fragmenting position cost basis. Rights issues offer existing holders the option to buy additional shares at a discount, and require active management or value is forfeited.

Mergers and acquisitions. Announced deals trade with a spread to the offer price reflecting the market's estimated probability of closure; failed deals (most famously Microsoft-Activision's prolonged regulatory fight) produce outsized moves. Risk-arbitrage strategies are unsuitable for purely technical signals.

Trading halts. U.S. equities are subject to Limit Up / Limit Down (LULD) bands that pause trading when prices move outside reference bands; the bands tighten in the final 25 minutes of the session. News-pending halts (T1) can last minutes to hours. Regulatory halts (T12) typically signal serious issues. Single-stock circuit breakers triggered during the 2010 Flash Crash and other dislocations.

Short-sale rules. U.S. Regulation SHO requires a locate before short-selling, prohibits naked shorts, imposes the alternative uptick rule when a stock falls 10%+ intraday (Rule 201), and maintains a Threshold Securities List for persistent failures to deliver. Hard-to-borrow stocks carry borrow fees that can exceed 100% annualised. Recall risk (your borrowed shares are recalled by the lender) can force a buy-in at any time, often at adverse prices during squeezes.

Options

Options can expire worthless; option sellers (writers) face potentially unlimited losses (uncovered calls) or losses up to the strike price (uncovered puts). Read the OCC's “Characteristics & Risks of Standardized Options” document before trading options.

Theta decay accelerates into expiry. Time decay is not linear: an at-the-money option loses time value at an increasing rate as expiry approaches, with most of the decay occurring in the final two weeks. Weekly options decay even faster. 0DTE (zero-days-to-expiry) options on SPX, QQQ, and single names have become a dominant share of U.S. options volume and exhibit gamma-driven price action that defies traditional technical analysis.

Assignment and early exercise. Short in-the-money options can be assigned at any time before expiry for American-style contracts (most U.S. equity and ETF options). Early exercise of short calls before an ex-dividend date is common when the dividend exceeds the remaining time value, forcing the writer to pay the dividend out of pocket. European-style options (SPX, most index options) can only be exercised at expiry.

Pin risk. Options that close at or very near the strike on expiry create uncertainty about whether assignment will occur; the OCC's automatic exercise threshold (any option ITM by $0.01) does not eliminate the possibility that the holder elects not to exercise, leaving the writer with an unexpected overnight stock position. Settlement is T+1 in the U.S. (since May 2024), changing some risk windows.

Greeks and volatility. Delta (directional exposure), gamma (rate of change of delta), vega (volatility sensitivity), theta (time decay) and rho (interest-rate sensitivity) each contribute to P&L. Implied-volatility regime shifts (the VIX's rise from 12 to 80+ during the March 2020 COVID crash, or the August 5, 2024 spike to ~65 on the yen-carry unwind) can devastate short-volatility positions regardless of underlying direction. ATM-OTM IV-spread divergence (skew) reflects market views on tail risk and changes independently of the underlying.

CFDs & Spread Betting

Where permitted, CFDs and spread bets are highly leveraged products. ESMA and similar regulators have publicly reported that the majority of retail accounts (typically 70-85%) lose money trading CFDs with most providers. CFDs and spread bets are prohibited to U.S. persons by SEC and CFTC rules. Confirm legality and suitability for your situation before opening an account.

ESMA leverage caps (in force across the EU/EEA since 2018, similar rules in the UK FCA): 30:1 on major currency pairs; 20:1 on non-major currency pairs, gold, and major indices; 10:1 on non-major equity indices and commodities other than gold; 5:1 on individual equities; 2:1 on cryptocurrencies. Negative-balance protection is mandatory for EU/EEA retail clients, capping losses at the account equity.

Broker model. CFD providers operate either as market-makers (B-book, where the broker is the counterparty and profits when the client loses), as straight-through processors (A-book, hedged in the interbank market), or as a hybrid that routes flow based on internal risk models. The conflict of interest in pure B-book models is material; some jurisdictions require disclosure of the model, others do not.

Overnight financing. Holding a CFD position overnight incurs financing — typically a benchmark rate (SOFR, SONIA, ESTR) plus a broker markup of 2.5-3% per annum on long equity CFDs, less a smaller amount for short positions. Long-held positions can quietly bleed away even on a flat underlying. Some brokers charge weekend triple-financing on Wednesdays or Fridays.

Slippage. Stop-loss orders on CFDs are executed at the next available price, which during fast markets can be many points beyond the stop level. Guaranteed stop orders (where offered) carry a premium but cap downside; not all brokers offer them or honour them in all conditions.

Indices

Equity indices (S&P 500, Nasdaq-100, Dow Jones Industrial Average, FTSE 100, DAX 40, Nikkei 225, Hang Seng) are capitalisation-weighted (most) or price-weighted (DJIA, Nikkei) aggregates whose composition changes periodically. S&P 500 rebalancing occurs quarterly with index inclusions or exclusions announced about a week in advance and historically produces a measurable "index effect" price move on the added or removed names. FTSE conducts an annual review.

Dividend adjustments. Index futures track the underlying index minus expected dividends to expiry; reported index dividend points differ between exchanges. Fixing windows — the London 16:30 close, the WMR 16:00 London fix for FX benchmarking — produce concentrated order flow that can temporarily distort prices and trigger technical signals.

Triple-witching and quadruple-witching. The third Friday of March, June, September, and December sees the simultaneous expiry of stock-index futures, stock-index options, single-stock options, and (historically) single-stock futures. Special opening and closing auctions at the NYSE and Nasdaq produce settlement values that can deviate from intra-day prints, and the immediate aftermath often shows pronounced volatility.

ETFs & ETNs

Exchange-Traded Funds (ETFs) hold a basket of underlying assets and create or redeem shares via authorised participants (APs). Tracking error (the divergence between the ETF's return and its benchmark's return) arises from management fees, sampling, optimisation, dividend reinvestment timing, currency hedging, and securities-lending revenue. Premium / discount to NAV expands during volatile sessions when APs widen their bid-ask spread or temporarily withdraw from the market (notably during the March 2020 fixed-income ETF dislocations, when IG and HY bond ETFs traded at discounts of 5-10% to NAV).

ETNs (Exchange-Traded Notes) are unsecured debt obligations of an issuing bank, not pools of underlying assets. Holders bear the issuer's credit risk; if the issuer defaults, ETN holders are unsecured creditors. Issuers also retain the right to redeem or delist ETNs early. The most notorious example is the Credit Suisse VelocityShares Daily Inverse VIX Short-Term ETN (ticker XIV), which experienced a ~96% intra-day loss on February 5, 2018 ("Volmageddon") and was terminated by the issuer days later.

Leveraged and inverse ETFs. Products such as UVXY (1.5x VIX short-term futures), TQQQ (3x Nasdaq-100), SQQQ (-3x Nasdaq-100), SOXL (3x semiconductors), and FNGU (3x FANG+) reset leverage daily. Compounding drag (volatility decay) means that over multi-day holding periods the realised return can diverge materially from the simple multiple of the underlying's return; in choppy sideways markets the decay can be substantial even when the underlying ends flat. Inverse ETFs (SH, SDS, PSQ) suffer the same compounding asymmetry. The prospectus disclosure that these products are not designed for holding periods longer than one trading day is not a marketing slogan — it is an accurate description of how they behave.

Bonds & Fixed Income

Fixed-income instruments carry their own risk profile distinct from equities. Duration measures price sensitivity to parallel shifts in the yield curve; a bond with duration of 7 loses approximately 7% of its market value for each 100 basis point rise in yields, before convexity adjustment. Long-duration Treasuries lost over 30% during the 2022 rate-hike cycle, a magnitude many fixed-income investors had been told was impossible. Convexity captures the curvature of the price-yield relationship and benefits the holder of plain bonds in rate-rally scenarios.

Callable bonds can be redeemed by the issuer before maturity at a predetermined call price, capping upside and creating negative convexity. Mortgage-backed securities and agency debt frequently exhibit call risk; effective duration differs from modified duration. Default risk is borne by holders of corporate, municipal, and emerging-market sovereign debt; recovery rates on senior unsecured corporate defaults have historically averaged 30-50%, but vary widely by industry and structure. Sovereign risk — even on G7 issuers — manifests via inflation, currency debasement, and (in rare cases) outright default or restructuring.

Accrued interest must be added to the clean price to determine settlement amount; trades cross ex-coupon mechanically reduce price. Yield-to-maturity (YTM) assumes reinvestment of coupons at YTM and that the bond is held to maturity; yield-to-call (YTC) applies if the call is in the money for the issuer. Floating-rate notes, inflation-linked bonds (TIPS, Gilts), and structured notes each introduce additional moving parts not captured by simple price charts.

Algorithmic & Mechanical Trading Risks

Axion Algo provides algorithmic signals. Algorithmic and mechanical trading carries specific risks beyond discretionary trading:

• Curve-fitting / over-optimisation: Parameters that look excellent on historical data may fail in live markets because they were fitted to historical noise.
• Regime change: Markets evolve. A strategy that worked in one volatility regime may break in another (e.g., low-vol chop vs trending breakouts).
• Execution-only risk: Even if a signal would have been profitable in theory, slippage, broker rejection, latency, partial fills, and stop-hunting can change outcomes materially.
• Confirmation bias: Mechanical rules reduce — but do not eliminate — the temptation to skip losing trades and chase winning ones, which destroys the edge over time.
• Black-swan events: No algorithm anticipates every market dislocation (flash crash, geopolitical shock, exchange outage). Always size positions assuming the worst can happen on the next candle.

Operational, Counterparty, Liquidity & Regulatory Risks

• Operational risk: Internet outages, electricity loss, hardware failure, mobile-network coverage gaps, TradingView downtime, broker platform outages or upgrade windows can all prevent you from acting on a signal or closing a position.
• Counterparty risk: If your broker, exchange, custodian, or clearing house defaults, you may lose part or all of your funds notwithstanding any segregation or insurance scheme (which has limits).
• Liquidity risk: In thin markets you may not be able to exit a position at any reasonable price. Stop-loss orders can fill at significantly worse prices than the trigger level during gaps or fast markets.
• Regulatory risk: Rules around trading, leverage, margin, short-selling, crypto access and broker eligibility change frequently. A jurisdictional change can render a strategy or product unavailable to you with little notice.
• Cybersecurity risk: Phishing, SIM-swap attacks, compromised exchange API keys or wallet-software vulnerabilities can drain accounts. Use hardware 2FA where available and never share API keys with anyone, including a person claiming to be Axion Algo staff.

EU / EEA-Specific Notice (MiFID II)

If you are a retail client based in the EU/EEA, you should be aware that the European Securities and Markets Authority (ESMA) and your national competent authority have published warnings about CFDs, binary options and crypto investments. Axion Algo's indicator is a technical-analysis tool only; it is not a financial product, not a recommendation, and not advice within the meaning of MiFID II. We are not a MiFID-authorised firm. If you are in any doubt about the suitability of a product for you, seek advice from an authorised independent financial adviser in your jurisdiction.

Tax Disclaimer

Axion Algo does not provide tax advice. Trading profits and losses, crypto disposals, foreign-exchange gains and dividend income may have complex tax consequences depending on your country of residence and citizenship (some countries tax worldwide income). Reporting deadlines, wash-sale rules, FIFO/LIFO accounting and special crypto regimes (e.g., DAC8 in the EU) may apply. Consult a qualified tax adviser before relying on any presumed treatment.

Forward-Looking Statements

Any forward-looking statement in our content — for example phrases such as “expects”, “targets”, “projects”, “will”, “could”, “intends”, “estimates”, “believes”, “forecasts” — reflects our current view based on available information and is subject to risks and uncertainties. Actual results may differ materially. We undertake no obligation to update forward-looking statements to reflect events occurring after the date of publication, except as required by law.

FTC Endorsement & Affiliate Disclosure

Some links on our site are affiliate links. If you click them and complete a purchase, we may receive a commission at no additional cost to you. We disclose this relationship in accordance with the U.S. Federal Trade Commission's “Guides Concerning the Use of Endorsements and Testimonials in Advertising” (16 CFR Part 255) and equivalent rules in other jurisdictions. We do not recommend any product or service we have not personally evaluated. Testimonials are real but not typical, are not paid testimonials unless explicitly labelled, and never imply guaranteed results.

Prop-Firm Traders & Funded-Account Programs

If you use Axion Algo while trading on a prop-firm evaluation or funded account, you remain subject to that firm's rules, including news-trading restrictions, hold-time minimums, maximum daily-loss limits, scaling plans, consistency rules and prohibited strategies. Axion Algo signals do not guarantee compliance with prop-firm rules; you must independently verify that every trade complies with your firm's policies. We are not affiliated with, sponsored by, or endorsed by any prop firm.

Algorithmic & Latency-Sensitive Trading Risks

Algorithmic trading introduces a class of operational risk that discretionary traders rarely encounter. Even when a strategy is sound on paper, the path from signal generation to filled order traverses many components — chart data feed, indicator evaluation, alert dispatch, webhook delivery, broker API, order-management system, exchange matching engine — and a failure anywhere in the chain can change outcomes materially. Axion Algo's signals are generated inside the TradingView environment; we do not execute orders, route flow, or operate co-located infrastructure.

• Latency and network jitter. Round-trip times between TradingView servers, your network, your broker, and the exchange vary by tens of milliseconds even on stable connections. During news events, end-of-day rebalances and option-expiry windows, queue depth at exchanges balloons and fills shift from passive to aggressive prices.
• Slippage between signal and fill. A signal rendered on a 1-minute bar is computed at bar close; in fast markets the price has already moved by the time you click, your platform forwards the order, the broker validates it, and the exchange acknowledges receipt. Reported backtest fills assume zero such latency.
• Partial fills. Larger orders may execute in fragments at progressively worse prices. If your stop logic assumes a single fill price, partial fills can produce unexpected average entries.
• Order rejection. Brokers and exchanges reject orders for many reasons: insufficient buying power, violation of pattern-day-trader rules, hard-to-borrow status, risk-limit breaches, position limits, throttling, kill-switch activation, and malformed orders. A rejected entry is not the same as a non-existent signal — you may now be flat when you believed you were long.
• Race conditions and idempotency. Webhook retries can submit the same order twice if the receiving system does not deduplicate by client-order-id. We strongly recommend idempotency tokens on any webhook automation.
• Time synchronisation. If your local NTP drift causes time-based filters or session boundaries to mis-fire, signals can be evaluated on the wrong session or ignored entirely.
• Cancellation logic. Automated cancellation of working orders depends on the broker returning a confirmation; if the confirmation message is dropped, the order can remain working at the exchange while your automation believes it is cancelled.
• Exchange throttling and rate limits. High-frequency requests can trigger rate limits that delay or reject subsequent orders during the exact window you need access.

Operational Risks & Platform Outages

Markets and the platforms that serve them experience outages. These are not theoretical; they have repeatedly halted retail and institutional traders. Recent illustrative examples include the NYSE four-hour halt on 2015-07-08 caused by a software configuration issue; Robinhood's prolonged outage on 2020-03-02 and again during the 2021-01 GameStop short squeeze; the CME E-mini Globex outage in 2022; multiple Binance and Coinbase outages during peak crypto volatility windows; and Interactive Brokers, TD Ameritrade, and Schwab platform slowdowns during retail spikes. We do not control any of these platforms.

• Internet service provider failure. A dropped connection during an open position can prevent you from exiting at planned levels. We recommend mobile-data failover, a written manual procedure for contacting your broker by phone, and not running mission-critical execution from a single residential connection.
• Hardware crash. Laptops crash, monitors fail, USB peripherals disconnect; assume the machine running your signals can die at any moment.
• Power outage during an open position. A residential power cut without battery backup leaves you unable to react. Consider a UPS for desktops and ensure your phone has charge and signal.
• Accidental browser-tab closure. Closing the TradingView chart kills any alert sound and may stop server-side alerts that depend on the platform's watch-only behaviour. Confirm whether your alerts are server-side (continue without an open chart) or client-side (stop when the tab closes).
• Browser updates, OS patches, and extension conflicts can silently disable scripts or notifications. After any update, validate critical functions on a small position before sizing up.
• Mobile push reliability. Push notifications can be delayed by carrier issues, battery-optimisation settings, and Do-Not-Disturb modes. Mobile push is not a substitute for an active session and a desktop alert.

Counterparty Risk & Investor-Protection Schemes

When you fund a brokerage or exchange account, you become a general or segregated creditor of that entity. The strength of the safeguards differs sharply by jurisdiction and by the broker's registrations.

• United States — SIPC. The Securities Investor Protection Corporation provides up to $500,000 of coverage per customer, including a $250,000 sublimit for cash, in the event of brokerage failure. SIPC does not protect against investment losses or fraud schemes outside its scope. Many large brokers carry supplemental private insurance above SIPC limits.
• United Kingdom — FSCS. The Financial Services Compensation Scheme covers up to £85,000 per person per FCA- regulated firm for investment claims. Spread-betting and CFD firms' client money is held in segregated trust accounts, subject to FCA CASS rules.
• Cyprus & EU MiFID — ICF. The Investor Compensation Fund covers up to €20,000 per investor per authorised investment firm. Several large retail CFD brokers operate from Cyprus under CySEC authorisation.
• Canada — CIPF. The Canadian Investor Protection Fund provides up to CA$1,000,000 of coverage for IIROC-member dealers. Crypto exchanges are generally not IIROC members and not covered.
• Australia — CSLR. The Compensation Scheme of Last Resort, operational since 2024, provides up to A$150,000 per claim against AFSL-licensed firms for certain personal- advice and credit failures, subject to scheme rules. Margin trading and crypto are outside its coverage in most cases.
• Japan — JIPF. The Japan Investor Protection Fund covers up to JPY 10,000,000 per investor for failed Type I Financial Instruments Business Operators.
• Crypto exchanges. There is no equivalent general compensation scheme for cryptocurrency exchanges in most jurisdictions. New York's BitLicense regime imposes trust-company-style custody requirements on some operators; MiCA in the EU imposes capital and segregation requirements; but recovery for retail customers of failed crypto exchanges has historically taken years and recovered cents on the dollar at best.
• Stablecoin reserves. Some stablecoin issuers publish attestations and audited reserves; others do not. Reserve composition (T-bills vs commercial paper vs other stablecoins vs bitcoin) materially affects redemption risk.

Liquidity Risk & Flash-Crash Precedents

Liquidity is the assumption that you can transact a meaningful size near the quoted price. It is also the first thing to disappear when markets stress. Bid-ask spreads widen by orders of magnitude during volatility events; stop-loss orders fill far away from their trigger levels; and correlated assets halt in cascades, freezing positions in unintended baskets.

Notable flash-crash precedents include the 2010-05-06 E-mini S&P 500 flash crash, in which the index dropped roughly 7% in minutes before recovering; the 2015-08-24 ETF dislocation, when more than 1,000 securities triggered LULD halts at the U.S. open and ETF prices diverged from intraday NAV by double digits; the 2018-02-05 XIV implosion, in which an inverse- volatility ETN lost 96% intraday and was subsequently terminated; the March 2020 Treasury market dislocation, in which the world's most liquid bond market exhibited two-way price gaps requiring Federal Reserve intervention; and the April 20, 2020 WTI crude oil plunge to -$37.63/bbl, in which long futures positions held into expiry with no physical-delivery capacity were forced to pay buyers to take the oil.

Illiquid assets — micro-cap equities, exotic option strikes, far-dated futures, tier-2 crypto pairs — can trap a position for days. The visible bid-offer at 09:30 can disappear by 09:31. Algorithmic signals that assume continuous tradeable liquidity are wrong by definition during such episodes; the first sign of an illiquidity event is usually that your scaling-out logic stops working.

Concentration Risk & Diversification Limits

Concentration risk arises from over-allocating capital to a single asset, a single strategy, a single exchange, a single broker, or a single market regime. Even a high-edge strategy can ruin an account if a single bad trade is sized at a material percentage of equity. Single-strategy concentration is material: if Axion Algo's technical signals are your only source of trade ideas, any structural change that degrades the edge degrades your entire income. Single-exchange concentration — all crypto on one venue, all equities at one broker — concentrates counterparty risk that customers of FTX, Mt. Gox, and many smaller failures discovered the hard way.

Diversification across uncorrelated strategies, instruments, and venues reduces concentration risk but does not eliminate it. Correlation breakdown in tail events is a recurring feature of market crises: assets that exhibited near-zero correlation in calm markets often correlate at +0.9 during liquidations as forced sellers dump everything. Correlation matrices fit on five years of calm data are unreliable in the moments you need them most.

Behavioral Biases & Discipline

Human cognition systematically distorts financial decisions. Mechanical rule-based trading attempts to limit the surface area on which bias can act, but it does not eliminate it — deciding whether to take a signal, whether to override a stop, and whether to stay flat after a loss are all discretionary decisions even within a mechanical framework. Axion Algo's rules attempt to mitigate, but cannot eliminate, the following biases:

• Anchoring. Fixating on an arbitrary reference price — your entry, the day's open, a round number — and judging subsequent prices relative to it rather than relative to current expected value.
• Recency bias. Over-weighting the most recent observations. A run of three winners feels like a strategy working; a run of three losers feels like it is broken. Sample sizes that small carry essentially no information.
• Overconfidence after winning streaks. Sizing up after wins is the most common path to ruin among otherwise disciplined traders. Rule-based sizing tied to equity (not to mood) mitigates this.
• Sunk-cost fallacy. Holding losing positions because of the capital already lost rather than the prospects from here. The market does not know your entry price.
• Loss aversion. Pain from a loss is roughly twice the pleasure from an equivalent gain (Kahneman & Tversky). This pulls traders to cut winners early and let losers run — the precise inverse of edge-preserving behaviour.
• Confirmation bias. Seeking and remembering evidence that supports an open position; discounting contradictory evidence.
• Narrative fallacy. Constructing a coherent story around random price action. A great story can support a terrible trade.
• Hindsight bias. "I knew it would happen." Reviewing trades with knowledge of how they turned out distorts judgement about your real-time decision quality.

Backtest Bias & Validation Limits

Backtests are essential to strategy development and are systematically misleading. The following biases routinely produce inflated past performance that does not survive deployment:

• Survivorship bias. Datasets typically contain only currently listed tickers. Companies that were delisted for bankruptcy, mergers, or buyouts are absent; their failure contribution to a long-only strategy is silently removed. The effect is often 1-3% per year for U.S. equities and considerably more for emerging markets.
• Look-ahead bias. Using information that would not have been available at the moment of decision — a closing price stamped to that bar's open, an earnings revision back-applied, a fundamental ratio recalculated with later data. Strict bar-close semantics and point-in-time data are essential.
• Curve-fitting / over-optimisation. Tuning parameters to maximise in-sample Sharpe produces strategies that fit historical noise. The more knobs you turn, the more your backtest measures your patience rather than the market's structure.
• In-sample vs out-of-sample. Reserve at least 30-40% of data for honest out-of-sample testing; do not re-tune after a poor out-of-sample result without resetting the sample split.
• Walk-forward analysis. Rolling re- optimisation on rolling training windows approximates how parameters would have been chosen in real time. It is slower and more honest than static optimisation but still consumes degrees of freedom.
• Monte Carlo simulation. Resampling trade returns to build distribution-based confidence intervals assumes the underlying distribution is stationary. Fat-tail regime change (2008 GFC, March 2020 COVID, 2022 inflation shock) violates the assumption.
• Regime change. Strategies tuned on the low-volatility 2017 environment broke in February 2018; trends tuned on the QE era broke in 2022. Volatility-, correlation-, and rate-regime shifts are not modellable in a backtest; they can only be planned for.

Performance Metric Limitations

Reported performance metrics each describe one dimension of risk and reward and each have failure modes:

• Sharpe Ratio assumes returns are normally distributed. Real returns exhibit fat tails, skew, and serial correlation; Sharpe systematically over-rates strategies that quietly accumulate small wins funded by infrequent large losses (short volatility, short gamma, picking up pennies in front of steamrollers).
• Sortino Ratio divides excess return by downside deviation rather than total deviation, addressing the upside-vs-downside-symmetry flaw of Sharpe. It does not fix the fat-tail issue.
• MAR Ratio (CAGR / Max Drawdown) is intuitive and survives non-normality, but max drawdown is a single worst-observed value and small samples give noisy estimates.
• Calmar Ratio is MAR computed on the trailing 36 months; useful for medium-term assessment.
• Information Ratio divides excess return over a benchmark by tracking error; useful for relative-return strategies and meaningless for absolute-return strategies.
• Max Drawdown vs MAE vs MFE. Maximum Adverse Excursion (the worst unrealised loss within a trade) and Maximum Favorable Excursion (the best unrealised gain) reveal stop-loss and take-profit calibration. Max drawdown on the equity curve is a coarser portfolio measure.
• Value at Risk (VaR) reports the loss threshold not exceeded with a given confidence over a given horizon. It does not describe the size of losses that exceed it; the 2008 crisis showed that 99% VaR figures were systematically understated.
• Conditional VaR / Expected Shortfall. CVaR reports the average loss conditional on exceeding VaR, partially addressing VaR's tail-blindness. Even CVaR relies on the empirical distribution behaving like the recent past.

Per-Jurisdiction Regulator Disclaimers

Axion Algo is not registered with, supervised by, authorised by, or otherwise overseen by any of the regulators listed below. Our familiarity with these regulators is purely descriptive; nothing in our content, marketing, or contracts implies compliance with their regulatory regimes. Trading is restricted, conditional, or prohibited under many of these regimes; it is your responsibility to verify your eligibility.

United States

We are not registered as an Investment Adviser with the Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940; we are not a Commodity Trading Advisor (CTA) or Commodity Pool Operator (CPO) registered with the Commodity Futures Trading Commission (CFTC); we are not a broker-dealer registered with the Financial Industry Regulatory Authority (FINRA); we are not a member of the National Futures Association (NFA); we are not a Money Services Business registered with the Financial Crimes Enforcement Network (FinCEN); we screen against OFAC sanctions lists as a matter of commercial practice but we are not an "obliged entity"; we do not issue 1099-B, 1099-DIV, 1099-INT or any other tax-reporting form to users for trading activity, since all such activity occurs in your own brokerage accounts and is your responsibility to report to the IRS.

European Union & Member States

We are not authorised by the European Securities and Markets Authority (ESMA). MiFID II Article 25 suitability and appropriateness assessments do not apply to us, as we are not providing investment services within the meaning of MiFID. We are not registered with any of: the Autorité des Marchés Financiers (AMF, France); the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin, Germany); the Commissione Nazionale per le Società e la Borsa (CONSOB, Italy); the Cyprus Securities and Exchange Commission (CySEC); the Comisión Nacional del Mercado de Valores (CNMV, Spain); the Autoriteit Financiële Markten (AFM, Netherlands); the Hungarian Financial Supervisory Authority (FCA-HU); Finansinspektionen (FI, Sweden); the Central Bank of Ireland; or the Commission de Surveillance du Secteur Financier (CSSF, Luxembourg).

United Kingdom

We are not authorised or regulated by the Financial Conduct Authority (FCA) or by the Prudential Regulation Authority (PRA). Our content is not a financial promotion within the meaning of section 21 of the Financial Services and Markets Act 2000; if you are a UK retail consumer you should not treat it as such. We do not issue tax statements to His Majesty's Revenue and Customs (HMRC) on your behalf.

Australia

We do not hold an Australian Financial Services Licence (AFSL) and are not authorised by the Australian Securities and Investments Commission (ASIC). We do not hold an Australian Credit Licence. Our content is not personal financial product advice within the meaning of the Corporations Act 2001 (Cth).

Canada

We are not registered with the Canadian Securities Administrators (CSA), the Investment Industry Regulatory Organization of Canada (IIROC, now CIRO), the Ontario Securities Commission (OSC), the Autorité des marchés financiers (AMF Québec), the British Columbia Securities Commission (BCSC), the Alberta Securities Commission (ASC), or any other Canadian provincial or territorial regulator.

Hong Kong, Singapore, Japan

We are not licensed by the Hong Kong Securities and Futures Commission (SFC), the Monetary Authority of Singapore (MAS), or the Japan Financial Services Agency (JFSA / FSA). We have no registration with the Japan Fair Trade Commission (JFTC) and do not hold a Type I or Type II Financial Instruments Business Operator licence.

Other Jurisdictions

We are not licensed or registered with the South African Financial Sector Conduct Authority (FSCA); the UAE Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA), or the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA); the Swiss Financial Market Supervisory Authority (FINMA); the Israel Securities Authority (ISA); or the Brazilian Comissão de Valores Mobiliários (CVM). This list is illustrative and not exhaustive; absence from this list does not imply authorisation by any unlisted regulator.

Sanctioned & Prohibited Jurisdictions

Axion Algo does not offer the Service to persons ordinarily resident in, present in, or accessing the Service from jurisdictions subject to comprehensive sanctions or where provision of the Service is otherwise prohibited. This list currently includes, without limitation: Iran, the Democratic People's Republic of Korea (DPRK), Cuba, Syria, the Crimea region, the Donetsk People's Republic, the Luhansk People's Republic, the Zaporizhzhia oblast, and the Kherson oblast; and the sectoral sanctions targeting certain Russian and Venezuelan persons and entities. We reserve the right to add or remove jurisdictions in response to changes in U.S., UK, EU, UN, or other applicable sanctions programmes without notice.

Attempting to access the Service from a prohibited jurisdiction through a VPN, proxy, false declaration of residency, or any other circumvention method is a material breach of our Terms and may also constitute a violation of applicable sanctions law in your jurisdiction. We cooperate with law enforcement and sanctions-screening providers as required.

Historic Market-Event Warnings

Black-swan events are not theoretical curiosities. Traders who operate without a mental model of these precedents are repeatedly surprised by their successors. A non-exhaustive list of episodes worth keeping in mind:

• 1987-10-19 Black Monday. The Dow Jones dropped 22.6% in a single session; portfolio-insurance dynamic hedging programmes amplified the decline.
• 1998 LTCM & Russian default. Long-Term Capital Management's arbitrage positions blew up when correlations broke in the wake of the Russian default, requiring a Fed-organised rescue.
• 2008-09 Global Financial Crisis. The collapse of Lehman Brothers, AIG bailout, and money-market breaking the buck froze short-term funding markets globally.
• 2010-05-06 Flash Crash. The E-mini S&P 500 dropped roughly 7% in minutes before recovering most losses by close; SEC and CFTC investigated for years.
• 2015-01-15 SNB EUR/CHF unpeg. The Swiss National Bank abandoned the 1.20 EUR/CHF floor; CHF appreciated ~30% in minutes, bankrupting several retail forex brokers (including Alpari UK and FXCM's near- collapse).
• 2015-08-24 ETF dislocation. A volatile Monday open saw NYSE Rule 48 invoked, 1,200+ securities halt, and ETF prices diverge sharply from intra-day NAV.
• 2018-02-05 Volmageddon. A VIX spike from ~17 to ~50 in minutes obliterated short-volatility products including XIV (terminated days later) and SVXY (which changed prospectus to reduce leverage).
• 2020-03-12 COVID crash. S&P 500 limit- down twice in one week; Treasury market dislocated; oil collapsed; corporate-bond ETFs traded at 5-10% discounts to NAV until Fed intervention.
• 2020-04-20 WTI negative print. May WTI settled at -$37.63/bbl on the last trading day; long futures positions paid buyers to take delivery.
• 2021-01 GameStop short squeeze. Retail coordination via Reddit forced multiple brokers, including Robinhood, to restrict buying in a select set of names.
• 2022-05 TerraUSD & Luna collapse. An algorithmic stablecoin and its sister token collapsed within days, erasing tens of billions of dollars and triggering a cascade of crypto-lender failures (Celsius, Voyager, 3AC).
• 2022-11 FTX collapse. The second-largest crypto exchange filed Chapter 11; $8 billion+ of customer funds were missing or commingled.
• 2023-03 U.S. regional-bank crisis. Silicon Valley Bank, Signature, and First Republic failures forced regulatory intervention; Credit Suisse was sold to UBS in an emergency Sunday deal.
• 2024-08-05 Yen carry unwind. The Nikkei 225 dropped 12% in a single session as JPY-funded carry trades unwound across global risk assets; VIX spiked to ~65 intra- day.

Position sizing should be calibrated under the assumption that the next session could resemble one of these events. The question is not whether such episodes occur but when they recur, and whether your account survives them.

Leveraged-Instrument & Exotic Product Warnings

Daily-reset leveraged ETFs are designed to deliver a stated multiple (2x, 3x, -1x, -2x, -3x) of the underlying index's return for a single trading day. Compounded over multiple days, especially in volatile sideways markets, returns can diverge substantially from the simple multiple. ProShares, Direxion, and other issuers disclose this in their prospectuses; the disclosure is accurate.

• UVXY (1.5x VIX short-term futures) exhibits severe long-term decay due to contango in the VIX futures curve and volatility decay; an investor who held UVXY from inception would have lost essentially all capital.
• TQQQ (3x Nasdaq-100), SOXL (3x semis), FNGU (3x FANG+) can deliver outstanding returns in persistent uptrends and devastating losses in volatile declines. The drawdown from the November 2021 peak to the October 2022 trough was over 80% for TQQQ even though the underlying QQQ drawdown was about 35%.
• SQQQ (-3x Nasdaq-100), SDS (-2x S&P 500), SH (-1x S&P 500) bleed value in uptrending markets because the compounding asymmetry compounds against the holder.
• Exotic options. Binary (digital) options pay a fixed amount or nothing; in many jurisdictions retail access is prohibited following widespread fraud. Barrier options (knock-in, knock-out, double-knockout) and other structured products embed path-dependence that produces counter-intuitive Greeks near the barriers.

None of these products is appropriate for buy-and-hold portfolios. Position-sizing should assume the worst-case rolling-window drawdown observed in the underlying, scaled by the leverage factor, with additional buffer for volatility decay.

Tax Treatment Across Jurisdictions

Axion Algo does not provide tax advice. The information below is general background only and may be outdated; rules change and apply differently depending on individual circumstances. Consult a qualified local tax advisor before relying on any treatment.

United States

Cost-basis accounting methods include FIFO (first-in, first-out, default for many brokers), LIFO, specific identification, and average cost (for mutual funds). The wash sale rule under IRC § 1091 disallows loss recognition on a sale if a substantially identical security is purchased within the 30-day window before or after the sale; the IRS interprets "substantially identical" broadly. The straddle rules under IRC § 1092 defer losses on offsetting positions. Section 1256 contracts (futures and broad-based index options) are marked to market at year-end and taxed 60% long-term / 40% short-term regardless of holding period. The Section 199A QBI deduction does not extend to investment income. FATCA Form 8938 applies to specified foreign financial assets above thresholds; FBAR FinCEN Form 114 applies to foreign financial accounts whose aggregate value exceeded $10,000 at any time during the calendar year.

United Kingdom

Capital Gains Tax (CGT) applies above the annual exempt amount, which is £3,000 for the 2024-25 and 2025-26 tax years (reduced from earlier levels). The Section 104 share-pooling rules treat shares of the same class in the same company as a single asset with an average cost; the "bed and breakfast" rule under TCGA 1992 s.106A matches disposals with reacquisitions within 30 days. Spread-betting profits are not subject to CGT under current HMRC practice (this can change). Crypto disposals are reportable; HMRC has issued detailed guidance in CRYPTO22000.

Australia

Capital gains on assets held more than 12 months by an individual qualify for a 50% CGT discount. The professional- trader vs investor distinction matters because trading- business income is fully assessable without CGT discount. The Australian Taxation Office (ATO) conducts data-matching with brokers, crypto exchanges, and other reporting entities.

Canada

T5008 reports investment income to the Canada Revenue Agency (CRA). Capital gains have a 50% inclusion rate (subject to the 2024 proposed change for high-gain years); business income has full inclusion. The superficial loss rule disallows losses on sales if an identical property is purchased within 30 days before or after. Holding day-trading activity inside a Tax- Free Savings Account (TFSA) can result in the CRA reclassifying the account's gains as business income.

Continental Europe (Selected)

Germany applies the Abgeltungsteuer flat capital tax of 25% plus solidarity surcharge and church tax where applicable. France applies the prélèvement forfaitaire unique (PFU, "flat tax") of 30% on most investment income. Spain taxes savings-base income progressively from 19% to 28% depending on bracket. Italy applies a 26% rate on most financial-investment income. Each regime treats crypto and FX differently from listed-equity gains; specific rules and thresholds apply.

Prop-Firm Specific Disclaimers

Many users apply Axion Algo signals within funded-account evaluations operated by proprietary trading firms (FTMO, MyForexFunds- successor entities, The Funded Trader, Apex Trader Funding, Topstep, and others). Key risk and structural features common to such programmes:

• Challenge fees are not refundable beyond the terms expressly stated by each firm. A failed challenge forfeits the fee.
• Scaling rules vary. Some firms scale account size based on profit milestones, others maintain a static account.
• Profit-split percentages are typically 70/30 to 90/10 in favour of the trader; the firm retains a discretionary right to terminate accounts for rule violations.
• Daily and overall drawdown limits measured from high-watermark equity, end-of-day balance, or trailing peak vary by firm and product. A single tick beyond the limit terminates the account.
• Trailing vs static drawdown. Trailing drawdowns ratchet up with peak equity and never relax, producing tighter risk as profits grow; static drawdowns remain fixed from initial balance.
• Simulated capital. Most prop-firm accounts are simulated environments; the firm may or may not hedge its exposure to your performance in live markets, and the contract typically grants the firm broad discretion to deny payouts for any conduct it deems abusive (martingale, news trading where prohibited, latency arbitrage).
• Strategy NDAs. Many firms restrict disclosure of account details and strategies; check the specific terms before publishing any third-party content based on a funded account.

Axion Algo is not affiliated with any prop firm. Compliance with prop-firm rules is your sole responsibility.

Forward-Looking Statements — Safe Harbor

Statements in our communications regarding expected indicator improvements, planned presets, future feature releases, projected user growth, anticipated win-rate or profit-factor characteristics of upcoming versions, target subscription prices, or any other future event are forward-looking statements within the meaning of the spirit (though not the formal scope, since we are not a public issuer) of the U.S. Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations and assumptions that involve risks and uncertainties, including but not limited to market conditions, regulatory changes, third-party platform behaviour (TradingView, Stripe, Discord), technology changes, and competitive dynamics. Actual results may differ materially from those projected, and we undertake no obligation to publicly update or revise forward-looking statements except as required by applicable law.

FTC Endorsement Guidelines — Detailed

Our marketing, testimonials, and affiliate partnerships are governed in spirit by the U.S. Federal Trade Commission's Guides Concerning the Use of Endorsements and Testimonials in Advertising (16 CFR Part 255, as updated effective 2023) and equivalent regimes (CAP Code in the UK, ACCC guidance in Australia, etc.).

• Testimonials are not typical. Any user testimonial we publish reflects that individual's experience and is not representative of typical results. We do not have a basis to claim what "typical" results look like across our user base.
• Material connections must be disclosed. Any endorsement, review, social-media post, or other promotional content concerning Axion Algo must clearly disclose any material connection between the endorser and us — including affiliate relationships, free or discounted subscriptions, paid sponsorships, ambassador roles, or gifted services. The disclosure must be clear and conspicuous (in close proximity to the claim, in the same language as the claim, and not buried in fine print).
• Recommended affiliate disclosure language: "I am an Axion Algo affiliate and may receive commission if you subscribe through my link." Equivalent unambiguous language is acceptable. Hashtags such as #ad or #sponsored are not, by themselves, sufficient when the relationship is more extensive.
• No purchased reviews. We do not pay for fake reviews and we do not solicit reviews in exchange for compensation tied to the content of the review.
• Removal of non-compliant content. We reserve the right to terminate affiliate accounts that publish non-compliant content and to request platform removal of misleading promotions.

Affiliate Programme Disclosure — Detailed

Links displayed on our website, social channels, or partner platforms that include a ?ref= query parameter or an equivalent referral identifier are affiliate links. When a user subscribes through such a link, we attribute commission to the corresponding affiliate, typically in the range of 20-30% of the subscription revenue, subject to refund clawback and the specific terms of our affiliate agreement. We do not pay commissions on chargebacks, fraudulent subscriptions, or subscriptions refunded within the first-30-days window described elsewhere in this Disclaimer.

Affiliates are independent third parties and are not our employees, agents, or representatives. They are not authorised to make binding statements about our service, pricing, guarantees, or performance. Statements made by affiliates on external platforms reflect those affiliates' views and not ours. We reserve the right to terminate any affiliate relationship for non-disclosure of the affiliate relationship, misleading marketing, prohibited claims (e.g., guaranteed returns), reputational harm, or breach of our affiliate terms.

AI & Algorithmic Adviser Disclaimer

Axion Algo employs proprietary algorithms and, in some components, machine-learning techniques to identify technical patterns and generate visual signals on the TradingView chart. These tools are software, not advisers. Specifically:

• We are not a "robo-adviser" or automated investment-advice provider under the U.S. SEC's interpretive guidance on robo-advisers (IM Guidance Update No. 2017-02) or under Regulation Best Interest (Reg BI).
• We are not registered with any regulator as an Investment Adviser, Commodity Trading Advisor, or equivalent.
• We do not collect a personalised questionnaire of risk tolerance, financial goals, time horizon, tax circumstances, or other suitability inputs, and we do not produce personalised recommendations based on such inputs.
• The indicator displays signals derived from price-action analysis. The decision to act on a signal — whether to enter, where to place stops, how much to risk, and whether to take or skip the trade — is yours alone.

Pattern Recognition Limitations

Technical-pattern recognition relies on the premise that historical price configurations correlate with subsequent price behaviour. Even where this correlation exists, it is statistical and probabilistic rather than deterministic. Pattern detectors exhibit measurable false-positive rates (signals that do not result in the expected move) and false- negative rates (missed moves that did not produce a signal).

Regime change degrades pattern reliability. The signature of a valid breakout in a low-volatility, high-correlation, QE-era market differs from the signature in a high-volatility, high- dispersion, monetary-tightening market. Microstructure changes — decimalisation, sub-penny pricing, payment for order flow (PFOF), proliferation of off-exchange venues, growth of retail share — alter the fingerprints of institutional accumulation and distribution that classical patterns relied upon.

Pattern-based signals are blind to fundamental news. An earnings beat, a guidance cut, an FDA approval, a CEO resignation, a geopolitical shock, a central-bank surprise — none of these is visible in a price chart until after the market reacts to it. Combining technical signals with fundamental and event-calendar awareness reduces (but does not eliminate) the surprise factor.

No Future Performance Representations

Any past performance of the Axion Algo indicator — including backtests run inside the TradingView strategy tester, charts of historical signal outcomes, screenshots of profitable trades, win-rate or profit-factor figures shared in our marketing or community channels, and any performance figures cited by third-party reviewers or affiliates — is not indicative of future performance. We make no representation, warranty, or guarantee about future win rates, profit factors, average risk-reward, expectancy, maximum drawdown, recovery factor, time-to-profitability, or any other forward-looking metric. Each new market session is an independent realisation; past results do not bind future outcomes.

Capital Adequacy & Position Sizing

The minimum capital required to trade a given instrument or strategy varies with the instrument's tick value, the broker's margin schedule, the strategy's typical stop distance, and your risk tolerance. There is no one-size-fits-all minimum. We strongly encourage the following principles:

• Only trade with capital you can afford to lose entirely. Treat trading capital as risk capital, not as savings, retirement funds, or money required to meet living expenses.
• Risk per trade. Risking more than 1% of account equity on a single trade is widely considered aggressive in the literature; 0.25-0.5% is common among professional traders for individual setups.
• Daily and weekly stop-outs. Define an absolute daily loss threshold (e.g., 3% of equity) and a weekly threshold that, when hit, ends trading for the period regardless of perceived setup quality.
• Correlation-adjusted sizing. Concurrent positions in correlated instruments (multiple tech stocks; multiple commodity-linked FX pairs) effectively amplify single-factor exposure. Treat correlated positions as a combined risk slot.

Margin Call Cascade Disclosure

Margin calls can be issued by your broker without prior notice. Your broker is generally entitled to liquidate positions at then-prevailing market prices to bring the account back into margin compliance; in fast markets, gap opens, lock-limit days, or low-liquidity windows, the prices at which positions are closed may be substantially worse than the last quote observed before liquidation. Some brokers liquidate in worst-loss order, others in arbitrary order, and some run discretionary liquidation algorithms that may close winning positions to preserve margin on losing positions. You bear the residual loss in all cases, including any debit balance that exceeds account equity, subject only to negative-balance protection where mandated by local regulation (EU/EEA retail clients).

Suitability Disclaimer

Axion Algo does not perform a suitability or appropriateness assessment for any user. We do not collect, and we do not analyse, your investment objectives, financial situation, knowledge and experience, risk tolerance, time horizon, liquidity needs, tax status, or any other parameters that would be required of a MiFID II Article 25 suitability assessment, an ESMA appropriateness test, an FCA COBS 9 suitability process, an FINRA Rule 2111 suitability recommendation, or any equivalent regulatory standard in your jurisdiction. Whether trading in general, the instruments you choose to trade, and Axion Algo as a tool are suitable for your individual circumstances is a determination you must make for yourself, with the assistance of qualified professionals as appropriate.

Conflicts of Interest Disclosure

We disclose the following sources of revenue and structural relationships so users can evaluate any potential conflicts:

• We receive subscription fees from users in exchange for access to the indicator, presets, and community resources. Our revenue is directly tied to retention and new subscriptions.
• We pay affiliate commissions (typically 20-30%) to third parties who refer paying subscribers. This creates an incentive for affiliates to promote the service; see the Affiliate Disclosure for required disclosure language.
• We do not operate a proprietary trading desk and we do not trade in opposition to, or in front of, signals delivered to subscribers.
• We do not receive payment for order flow (PFOF) and we do not route orders for users (we have no access to your brokerage accounts).
• We do not receive kickbacks, rebates, or commissions from any broker, exchange, prop firm, or platform for directing users to that broker, exchange, prop firm, or platform. Where we discuss third-party tools (TradingView, Discord, Stripe, prop firms) we do so on the merits.
• Affiliate payouts are not contingent on the referred user's trading outcomes. Affiliates are paid on confirmed paid subscriptions, regardless of whether the user is profitable.

Cold-Call & Boiler-Room Warning

Axion Algo does not cold-call users to sell additional products, "Axion VIP" tiers, "Axion Pro+" subscriptions, managed-account services, signal- copy programmes, crypto wallet transfers, "account recovery" services, custom presets sold over WhatsApp or Telegram, or any product not listed on the official axion-algo.com pricing page. Anyone contacting you by phone, WhatsApp, Telegram, Discord DM, Instagram DM, SMS, or any other channel claiming to be Axion Algo staff and pressuring you to purchase an off-menu service, transfer crypto, share exchange API keys, share TradingView credentials, or take any action under time pressure is not us. Such contact is a fraud attempt and should be reported immediately to our contact form with screenshots and the contact identity.

Phishing & Impersonation Warning

Official communications from Axion Algo come only from email addresses ending in an official email address. Beware of look-alike domains designed to deceive users; non- exhaustive examples of fraudulent variations we have observed in the wild include: axionalgos.com, axion-algos.io, axionalgo.net, axion-algo.support, axion-algos.app, axionalgo.co, and similar typo-squat and homoglyph variations. We never ask for:

• your account password or password-reset link;
• your TradingView account password;
• your exchange or broker API keys (no Axion Algo workflow requires them);
• your wallet seed phrase, private keys, or any custodial- wallet recovery information;
• 2FA codes, security keys, or device-attestation tokens beyond what you enter directly into our login flow;
• remote-control access (AnyDesk, TeamViewer, Chrome Remote Desktop) for "troubleshooting".

Any request matching the above patterns is a phishing attempt. Verify the sender domain character by character, hover over links before clicking, and contact us via the published support address if in doubt.

Updates & Notification of Changes

We may revise this Disclaimer from time to time to reflect product changes, new disclosures recommended by counsel, regulatory developments, or feedback. Material changes — substantive changes to risk disclosure, scope of services, or user obligations — will be communicated with at least 30 days advance notice via email to your registered address and a notice banner on the website. Minor edits (typographical corrections, clarifications without substantive change, formatting) are effective on posting and reflected in the "Last Updated" date at the top of this page. The most current version of this Disclaimer supersedes all prior versions; in case of dispute, the version in effect on the date of the disputed activity controls.

Severability

If any provision of this Disclaimer is held by a court of competent jurisdiction to be invalid, illegal, or unenforceable, that provision shall be modified to the minimum extent necessary to make it valid, legal, and enforceable; if such modification is not possible, the provision shall be severed from this Disclaimer. The invalidity, illegality, or unenforceability of any provision shall not affect the validity, legality, or enforceability of the remaining provisions, which shall remain in full force and effect.

Governing Law & Jurisdiction (Disclaimer-Specific)

This Disclaimer is governed by and construed in accordance with the laws of the State of Delaware, United States of America, without regard to its conflict-of-laws principles, and aligned with the governing-law selection in our Terms of Service. Disputes arising out of or relating to this Disclaimer are subject to the dispute-resolution mechanism set forth in the Terms of Service, including any agreed arbitration provision. To the extent mandatory consumer- protection laws of your country of residence apply notwithstanding this selection, those mandatory rules prevail to the extent of any inconsistency, but only to that extent.

Disclaimer Contact

Questions about specific clauses, requests for clarification, or comments on this Disclaimer: our contact form. Formal legal notices, service of process, and counsel correspondence: our contact form. General support and account questions continue to be handled at our contact form.

See Also

For the complete legal and policy framework governing your use of Axion Algo, please also read:

• Terms of Service — the contract between you and Axion Algo.
• Privacy Policy — how we collect, use, and protect personal data.
• Refund Policy — the first-30-days guarantee and post-refund-window rules.
• Acceptable Use Policy — what is and is not permitted on the platform.
• AML Policy — anti-money-laundering and sanctions-screening commitments.
• DMCA Policy — copyright infringement notices and counter-notices.

Acceptance of Disclaimer

By accessing or using the Axion Algo website, platform, indicators, or any associated services, you confirm that you have read, understood, and agree to this Disclaimer in full. If you do not agree with any part of this Disclaimer, you must not use Axion Algo's services or website. Your continued use of our site or services constitutes your acknowledgment of the risks and terms described herein, and your agreement to release Axion Algo from any liability as outlined above. We encourage all users to periodically review this Disclaimer, as it may be updated from time to time. If you have any doubts about any of these terms, please cease using the service and seek appropriate professional advice.

By proceeding to use Axion Algo's platform, you are providing your informed consent to this Disclaimer. This agreement is a fundamental part of the bargain between you (the user) and Axion Algo; if you utilize our tools or content, it implies your acceptance of all conditions stated here.

Contact Information

If you have any questions about this Disclaimer or any aspect of Axion Algo's services, please contact us at our contact form. We will be happy to clarify our policies and help address any concerns.

Disclaimer Summary: Axion Algo is an educational platform for trading indicators and NOT a registered advisory or broker service. No financial advice is given. Trade at your own risk – you could lose all invested capital. Hypothetical performance results are not real and have many limitations. Past results and testimonials are not guarantees of future success. Axion Algo has no access to your accounts, and you are solely responsible for your trading decisions. We offer a one-time refund in the first 30 days for new users, but otherwise no recurring refunds. By using Axion Algo, you agree to this entire disclaimer. Stay informed and trade responsibly.