I, the undersigned subscriber of
ALGOSYS®
, affirm my acceptance of this declaration, granting authorization for semi-automatic trading. I acknowledge the comprehended risks and the potential for unforeseen technological issues leading to losses beyond my expectations.
Taking full responsibility for my replica trading, guided by automated signals from the Strategy Owner, I explicitly declare
ALGOSYS®
empowerment for semi-automatic trade execution. Recognizing that the Strategy Owner may or may not be a SEBI registered advisor, I assume sole responsibility for subscribing to their services via
ALGOSYS®
for educational knowledge sharing.
Prior to initiating trading based on the educational knowledge shared, I have diligently performed due diligence and consulted my financial advisor. The information displayed in my trading account is replicated for my use, and I acknowledge that
ALGOSYS®
administration does not store this data, ensuring privacy.
In consideration, I absolve and indemnify the Strategy Owner, as well as the
ALGOSYS®
creator and execution team, from any profits or losses arising from system utilization.
Furthermore, in understanding the risk disclosures in the Equity Futures & Options segment:
High Incidence of Net Losses:
9 out of 10 individual traders incurred net losses.
Average Net Trading Losses:
On average, those with losses registered a net trading loss close to 50,000.
Additional Transaction Costs for Loss Makers:
Loss makers expended an extra 28% of net trading losses as transaction costs.
Transaction Costs for Net Profit Earners:
Individuals with net trading profits incurred transaction costs ranging between 15% to 50%.
Source:
SEBI Circular
Acknowledging these risk disclosures signifies my understanding of the challenges in trading Equity Futures & Options. This reaffirms my commitment to due diligence and responsibility in my trading activities, including those conducted through
ALGOSYS®
.
Accept
