Risk Disclosure

1.Trading carries substantial risk

Trading stocks, options, currencies, crypto-assets, futures and other instruments involves substantial risk of loss and is not suitable for everyone. You can lose some or all of the money you put at risk, and with leveraged products you can lose more than you deposit. Only trade with money you can afford to lose. Past performance, real or simulated, does not indicate future results.

Hybrid Forex provides research and educational tools. It is not a broker, adviser or exchange and does not give personal investment, legal or tax advice. Consider speaking to a licensed professional before you trade.

2.Simulated and paper results are hypothetical

Orders on the platform are placed on our simulated exchange or in paper-trading accounts. Hypothetical results have many inherent limitations:

• They are prepared with hindsight and do not involve real financial risk, so they say little about how you would behave when real money is at stake.
• Simulated fills cannot fully reflect real liquidity, queue position, partial fills, slippage, spreads, fees, financing costs or taxes.
• Strategies that looked strong over one period and market regime often fail in another. A strategy that leads a leaderboard today can lose money next month.
• Leaderboards, scorecards and verdicts on the platform describe the past on our simulated venues. They are not predictions and not recommendations.

3.AI-generated research has limits

• AI personas such as those in the Round Table are generated by language models imitating styles of analysis. They are not the named investors and they do not represent their views.
• Models can be confidently wrong, may rely on stale or incomplete data, and can disagree with themselves from one run to the next. Disagreement between personas is information about uncertainty, not a signal.
• Nothing the AI produces takes your circumstances, objectives or finances into account.

4.Market data and technology risk

• Prices and data come from third parties and may be delayed, inaccurate or unavailable. Always check a price with your broker before acting on it.
• Software, networks and providers fail. Alerts may arrive late or not at all, and automated rules can behave in ways you did not intend.
• Stops, targets and other protective rules do not guarantee an exit at a given price, especially in fast or illiquid markets.

5.Instrument-specific risks

• Options can expire worthless and sellers can face very large losses. Understand the strategy and its maximum loss before trading it anywhere.
• Crypto-assets are volatile, trade around the clock and may be lightly regulated, with risks of theft, exchange failure and sudden delisting.
• Forex and leveraged products magnify gains and losses. Small moves can produce large losses relative to your margin.
• Indian markets are regulated by SEBI, and rules on derivatives, short selling and algorithmic trading apply to real accounts. Paper results here do not account for them.

6.Your jurisdiction

Financial products and services are regulated differently in each country, for example by the SEC and FINRA in the United States, SEBI in India, and the FCA in the United Kingdom. It is your responsibility to know and follow the rules that apply to you. Information on the platform is not directed at anyone in a place where its use would be unlawful.

7.Your responsibility

You are solely responsible for your trading decisions and their outcomes. By using Hybrid Forex you confirm that you have read this disclosure, understand these risks, and accept that we are not liable for losses arising from decisions you make using information from the Service.