Risk Disclosure

Courtesy translation. The binding text is the Spanish version. If the two differ, the Spanish version prevails.

This disclosure is part of the Terms of Service. Read it before connecting an exchange and before trading with real money.

1. Volatility and a market that never closes

Crypto assets are extremely volatile. Double-digit percentage moves within hours are normal, not exceptional.

The market runs 24 hours a day, every day of the year. There is no closing bell to protect you: an open position stays alive while you sleep, work or are offline. The most violent moves tend to happen in the hours of lowest liquidity.

2. Leverage and liquidation

Leverage multiplies both profit and loss. At 10x, a 10% move against you wipes out 100% of your margin.

• Liquidation. When your margin falls below the minimum the exchange requires, the exchange closes your position automatically and you lose the assigned margin. There is no guaranteed prior warning, no confirmation, and it does not depend on EdgeFlow.
• Auto-deleveraging (ADL). In extreme conditions, some exchanges close other users' profitable positions to cover system losses. Your winning position can be closed without you asking.
• Funding. Perpetual contracts charge or pay a periodic rate depending on the imbalance between buyers and sellers. Holding a position open costs money, and in periods of high rates that cost is significant.
• Margin and leverage change. The exchange may raise margin requirements or lower an instrument's maximum leverage without notice, and that can bring your liquidation much closer at once.
• Losing the margin may not be the end of it. Depending on the exchange, the instrument and the margin mode you use, a loss can exceed the position's margin and reach the rest of your account balance.

3. Execution: spread, slippage and liquidity

The price you see is not the price you trade at. Between the two there is the bid-ask spread, slippage and fees.

Under stress the book empties out: a market order can fill far away from the last price, and a limit order may never fill at all. A stop does not guarantee the exit price: it guarantees that an order is sent, not the price it fills at.

Liquidity varies enormously between instruments. The least traded ones can move a lot on little volume.

4. Exchange risks

Your funds are in your exchange account, not with us. That means you bear that exchange's risks:

• outages, maintenance windows and degradations exactly when you most need to trade;
• changes to rules, fees, available instruments and delistings;
• access restrictions based on your country of residence, identity verification requirements and account freezes;
• security failures, hacks, and in the worst case insolvency or cessation of operations, with total loss of what you deposited.

EdgeFlow can neither prevent nor compensate any of this.

5. Network and on-chain payment risks

Your plan payments are made in USDT over a blockchain network. A transfer sent to the wrong address or over the wrong network is, in general, irreversible and unrecoverable. Network fees vary and confirmations can take a long time when the network is congested.

Stablecoins are not legal tender: they depend on their issuer and can lose parity.

6. Technology risk of the platform itself

EdgeFlow is software, and software fails.

• Market data can lag, arrive incomplete or be wrong, and the indicators computed on it inherit that error.
• The platform can become unavailable, or your connection can drop at the worst moment.
• An order can be rejected by the exchange, or its confirmation can reach us late or never.

For that reason this is not optional: keep your stops loaded at the exchange, not only in EdgeFlow, and keep access to your exchange's own app so you can close positions if EdgeFlow is not there.

7. Risk of the artificial-intelligence assistant

The assistant uses third-party language models. Those models:

• make things up. They can confidently assert things that are false: prices, levels, an exchange's rules, the state of your account;
• work with information that may be out of date;
• do not understand your financial situation, your risk tolerance or your goals;
• are not investment advice, however much their tone sounds like it.

The assistant can propose an order to you. That proposal is a starting point for your own analysis, not a recommendation. If you confirm it, the order goes to your real account with your credentials and the risk is entirely yours. Review every proposal — symbol, side, quantity, price, leverage — before confirming.

8. Regulatory and tax risk

Crypto-asset regulation changes and differs by country. A regulatory change can restrict your access to the market, to an instrument or to an exchange.

Gains and losses from your trading may have tax consequences in your country of residence. EdgeFlow does not give tax advice and the figures we show are informational: they are not a tax return or a certificate. Consult a professional.

9. Where EdgeFlow stands

So that there is no ambiguity:

• We are not a broker, intermediary, custodian or investment adviser, and we are not registered with the CMF or with any regulator.
• We do not hold your funds and cannot move them. We require that your API keys have no withdrawal permission.
• We do not execute or match orders: we send them to your exchange with your credentials, and the exchange decides.
• We do not guarantee results. No indicator, signal or assistant answer predicts the market.
• Past results, ours or anyone else's, do not anticipate future results.

10. Acknowledgement

By using EdgeFlow you acknowledge that you have read and understood this disclosure; that trading crypto assets with leverage can make you lose the entirety of the capital risked; that you will only risk money whose loss you can bear; that trading decisions are exclusively yours; and that EdgeFlow is not answerable for the results of your trading, on the terms of section 12 of the Terms of Service.