Understand the risks involved before using our platform. By using our services, you agree to the risks involved.
This Risk Disclosure Statement ("Statement") is provided by Mira Trading LTD, trading as Copile ("we", "us", "our"). The Statement is designed to explain, in general terms, the nature and extent of the risks involved when engaging in cryptocurrency futures trading, copy trading, and using trading signals through our platform. This Statement cannot disclose all the risks and other significant aspects of these types of trading. You should not engage in such trading unless you understand the nature of the transactions you are entering into and the extent of your potential loss from such transactions.
By using our services, you acknowledge that you have read, understood, and agree to the terms of this Risk Disclosure Statement.
Trading, particularly in the field of cryptocurrency futures, inherently involves a high degree of risk. The leverage available in trading means that even a relatively small movement in market prices can lead to a proportionately much larger movement in the size of any loss or profit that you experience. This can result in you losing a part or all of your investment. In addition, the price and liquidity of cryptocurrency contracts can change rapidly and unpredictably, so that it may not be possible to trade at the price or liquidity level you want.
Moreover, the nature of cryptocurrency futures trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. It is possible that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses.
Copy trading is a strategy in which a trader copies the trades of another trader. While this can potentially lead to profits if the copied trader is successful, it also means that the risks and losses of the copied trader are also replicated in your account. There is no guarantee that the performance of the copied trader will be profitable or will not result in losses.
Copy trading on our platform involves risks associated with the use of computers and data feed systems, such as hardware and software failures. The practice of copy trading involves risks associated with the use of computers and data feed systems and the internet. This includes, but is not limited to, failures of our servers, failures of your computers, tablets, smartphones or similar devices, failures of our software, our apps, your internet service providers and other similar issues.
You acknowledge that when you engage in copy trading, you are effectively entering into a derivative contract, as the value of your position is derived from the value of the underlying asset (i.e., the trades of the copied trader). Therefore, you are exposed to the risks inherent in derivative contracts and the risks inherent in the underlying assets. You are also exposed to the risk that the copied trader may be trading in contracts that are not regulated by any government or regulatory body.
Automated copy trading, which is a feature of our platform, involves additional risks. These include the risk of software malfunctions and system failures, which could lead to trades not being executed according to the copied trader's strategy. There is also the risk that the automated system may execute trades that were not intended by the copied trader due to bugs or glitches in the software.
Furthermore, automated copy trading reduces your control over your trades. You are entrusting the execution of trades to an automated system, which may not always perform as expected. This could lead to unexpected losses. It is important to monitor your account regularly and to ensure that the automated system is functioning as expected.
Trading signals are suggestions to enter a trade at a specific time and price. These signals are generated either manually by a professional trader, or by trading algorithms and software. The accuracy and success of such signals cannot be guaranteed and should not be relied upon as the sole determinant for placing trades.
It is important to understand that the use of trading signals does not guarantee profitability or protect against losses. Trading signals are not a recommendation to trade but are merely a tool to help you make your own informed decision. You should carefully consider whether trading in light of these signals is appropriate for you in light of your financial condition. You acknowledge and agree that all trading signals provided by us are provided for educational purposes only and are not intended to be financial advice.
The cryptocurrency market is subject to significant price volatility. This can lead to rapid losses if the market moves against your position. The value of cryptocurrencies may be affected by a variety of factors including technological changes, regulatory changes, economic factors, and changes in market sentiment.
In addition, cryptocurrencies are not issued, backed or supported by any government or central bank. Therefore, the value of a cryptocurrency is not underpinned by any tangible asset, but rather is determined by the market (supply and demand) and the perceived value of the cryptocurrency by the market. This can make the price of a cryptocurrency extremely volatile and uncertain. Any decrease in the market's perception of a cryptocurrency's value may result in a rapid decrease in its price, potentially to zero.
We do not provide financial advice. The information available on our platform, including any trading signals, should not be considered as financial advice. It is your responsibility to assess whether the trades are suitable for your financial situation and investment objectives. We do not make any representation regarding the likely future performance of any cryptocurrency, the success of any trading strategy, or the success of our overall services.
As a user, you are responsible for managing your margin, API, and plan settings on our platform. These settings directly affect how and if trades are executed for you. You acknowledge and agree that you are solely responsible for all consequences related to your settings. You are responsible for conducting your own due diligence and making your own investment decisions.
There is no guarantee that you will earn any profit using the techniques and ideas provided with our services. Trading in cryptocurrencies is not suitable for all individuals. The high degree of leverage that is often obtainable in trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Past performance is not indicative of future results.
Cryptocurrency trading operates in an evolving regulatory environment. While it's not regulated in the same way as traditional financial markets, it's not entirely unregulated. It's subject to various legal and regulatory changes across different jurisdictions. These changes can lead to significant price volatility. It's important to stay informed about these changes as they can adversely affect the value of cryptocurrencies.
Our services rely on internet connectivity and the availability of our servers. Any disruptions to these may result in delays in the execution of your orders. You understand and agree that we shall not be liable for any communication failures, disruptions, errors, distortions or delays you may experience when trading via the services, however caused.
We shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on our services. We will not be responsible for any losses you may incur as a result of your trading or your use of the software, including but not limited to losses caused by:
As a condition of your use of our services, you agree to indemnify and hold us and our affiliates harmless from and against any and all claims, losses, liability, costs and expenses (including but not limited to attorneys' fees) arising from your use of our services, or from your violation of these terms.
By using our services, you acknowledge that you understand these risks and that you are solely responsible for the outcomes of your decisions. We accept no responsibility whatsoever for any direct or consequential loss arising from the use of our services.
This Risk Disclosure Statement is not exhaustive and does not disclose all the risks associated with trading in cryptocurrencies. You should ensure that your decision to trade is made on an informed basis and in light of your knowledge and experience, as well as your personal financial situation and circumstances.
By continuing to use our services, you are stating that you have read, understood, and accepted the risks detailed in this Risk Disclosure Statement.