Last updated: February 20, 2022
By using our applications or creating an account you agree to the following risk disclosure.
Nothing on the AlgoBot website, mobile application, social media, or other products and services should be considered investment. AlgoBot is not an investment fund, or registered broker dealer. You are solely responsible for all actions taken on the platform, any investments made, and sole bearer of profits and loss. Historical bot performances do not guarantee future returns. Bot authors may periodically make changes to their strategies that affect performance.
Please note that not all risks are noted here. You are solely responsible for doing your own, independent research into specific assets, products, and services.
Underlying assets represent a speculative investment and involve a high degree of risk. Investors should conduct extensive research into the legitimacy of each individual asset before investing.
AlgoBot does NOT maintain custody of your assets or currencies on or within the exchanges or brokers you use. We only support exchanges and platforms listed on our applications in relation to our products and services. Such brokers, exchanges and wallets have developed security systems to maintain confidential access to the private keys that have been specifically generated to commit orders and other functions in relation to user balance. AlgoBot is not be able to obtain control of the private keys generated by the exchanges utilized by you. All entered private keys are automatically encrypted into our database for use in our products and services. We always recommend users disable the "Withdraw" feature attached to each generated private key for extra security features. AlgoBot selects brokers, integrated exchange and wallet platforms according to current security practices. However, the systems and methodologies of the exchanges and wallets utilized by AlgoBot may be subject to exposure from hacking, malware and general security threats. AlgoBot or its managing members are not liable for the failure or penetration of the security system absent gross negligence, fraud or criminal behaviour that may result in a loss of any kind.
We hold no liability for any losses or complications resulting from our software failing to post a function to a user's connected exchange account. If a subscription becomes unactive or unconfirmed at any time, trades may fail to close or open. It is the user's responsibility to ensure the health of their connected platforms and related balances at all times. Adding or editing an exchange API Key in our system may also cause delays in function completion. System health and security checks may take up to 24 hours before functions continue as normal. This clause is in relation to terms laid out in our Terms and Conditions.
Underlying assets may be illiquid at times or continue to be illiquid. The AlgoBot team is not liable for the inability to post orders or other functions in regards to illiquidity of an asset. The illiquidity of certain positions you may hold and the liquidation values of these positions may differ significantly from the interim valuations of related investments executed by our software.