Legal · Required reading

Risk Disclosure

This Risk Disclosure is provided by Tickfills LLC ("Tickfills") so that you understand the risks of using our platform — trade replication, the Flow Feed, and Horizon automated strategies — and the risks of options trading generally. It is part of our Terms of Service. Read it carefully before using the service.

1. No Advice — You Decide Everything

Tickfills is a self-directed software tool. We are not a broker-dealer, investment adviser, commodity trading advisor, or financial planner, and nothing on the platform — traders, statistics, order flow, AI-generated strategies, community content — is investment advice or a recommendation. Every decision to trade, follow, activate, or continue running anything on Tickfills is yours alone, and every outcome of those decisions belongs to you.

2. Options Trading Risks

Options are complex instruments carrying a high degree of risk. Key risks include:

• Total loss of premium: options can expire worthless, resulting in the complete loss of the amount paid
• Leverage risk: options provide leveraged exposure — losses can accumulate rapidly, and certain strategies can lose more than the initial investment
• Time decay: options lose value as expiration approaches, regardless of the underlying's movement
• Volatility risk: changes in implied volatility can move option prices sharply, independent of the underlying
• Liquidity risk: wide bid-ask spreads and thin markets can make exiting a position difficult or costly
• Assignment risk: short options can be assigned at any time, obligating you to buy or sell the underlying at the strike

3. Trade Replication Risks

Copying trades from other users introduces risks beyond ordinary trading:

• Execution differences: your fills can differ from the trader's due to market movement, queue position, and timing — even sub-second delays can produce materially different prices in volatile markets
• Slippage and crowding: many followers replicating the same trade can move the market, worsening fills for followers
• Position sizing differences: your risk limits and account size produce different exposure and different results than the trader you follow
• Partial fills: your order may fill partially or not at all given available liquidity
• Technical failures: outages, API failures, connectivity issues, or brokerage downtime can prevent, delay, or duplicate executions — entries and exits alike
• Trader behavior: traders can change strategy, increase risk, or stop trading at any time, without notice, and owe you nothing

4. Automated and AI-Generated Strategy Risks

• AI output can be flawed: strategies generated from your description by artificial-intelligence systems can misinterpret your intent, contain logic errors, or behave unexpectedly in market conditions they were not designed for. No human at Tickfills reviews them, and your approval of a strategy does not make it safe or profitable
• Automation acts without you: once live, a strategy opens and closes positions with no further confirmation. Losses can accumulate while you are asleep, offline, or unaware
• Simulated results are hypothetical: paper-trading and backtested results are produced without real orders. They do not reflect actual execution, slippage, fees, liquidity, or the psychological pressure of live trading. Hypothetical performance results have inherent limitations, and no representation is made that any account will or is likely to achieve results similar to those shown. Live results are frequently worse
• Controls are best-effort: kill switches, flatten commands, and risk limits are software; they can fail or lag during outages, API failures, or extreme markets
• Monitoring is your job: you are responsible for supervising any strategy you activate and for intervening when needed

5. Flow Feed and Market Data

The Flow Feed and other market information on the platform are for information only. Data can be delayed, incomplete, misattributed, or wrong; large orders on the tape are not predictions, signals, or recommendations, and institutional activity frequently reflects hedging or offsetting positions you cannot see. Trading decisions based on displayed data are entirely your own. Market data may not be redistributed or used outside the platform.

6. Past Performance and Displayed Statistics

Past performance is not indicative of future results. Statistics displayed for traders and strategies — win rates, returns, P&L, drawdown — are computed from available historical data on a best-effort basis, may contain errors or omissions, and do not guarantee anything about the future. Screenshots and testimonials shown on our website or in our community are individual experiences and are not typical results. Your results will differ due to timing, fills, sizing, fees, and the periods in which you trade.

7. Platform and Technology Risks

Tickfills is software, and software fails. Outages, bugs, cloud-provider incidents, API changes, and connectivity problems can prevent orders from being placed, prevent positions from being closed, duplicate instructions, display stale data, or interrupt automation mid-strategy. The platform is provided "as is," and you accept these operational risks by using it.

8. Brokerage and Regulatory Risks

• Brokerage risk: we rely on third-party brokerage and connectivity APIs; their disruptions, policy changes, or restrictions can stop the platform from operating in your account
• Account restrictions: your brokerage may impose margin calls, trading restrictions, or limitations that prevent execution
• Regulatory risk: securities regulation of trade replication and automated trading can change in ways that restrict or end the service; Tickfills is not responsible for the consequences of regulatory change

9. Risk-Control Limitations

• Risk limits are enforced on a best-effort basis and may not function during outages or extreme market conditions
• Gap risk and overnight moves can cause losses exceeding your configured daily loss limit
• Limits apply per trade or per trader and may not account for correlated positions across multiple traders or strategies
• Choosing limits appropriate to your finances is solely your responsibility

10. Tax Considerations

Trading options has tax consequences, and frequent trading commonly produces short-term gains taxed at higher rates. You are responsible for your own tax reporting and payment; consult a tax professional.

11. Your Acknowledgment

By using Tickfills, you acknowledge that:

• You have read and understood this Risk Disclosure and the Terms of Service
• You understand the risks of options trading, trade replication, and automated strategies described here
• You are trading only with funds you can afford to lose
• You alone decide what to follow, what to activate, and what limits to set, and you accept every outcome of those decisions
• You will monitor your accounts, positions, and running strategies regularly
• Tickfills does not guarantee any result and is not liable for your trading losses

12. Contact

Questions about this Risk Disclosure: info@tickfills.com.