Terms of Services | Blackalgo

Introduction

These Terms of Use ("Terms") govern your access to and use of the services and website of Blackalgo (the "Company"). By accessing our website or using our services, you agree to be bound by these Terms. If you do not agree with any part of these Terms, you must not use Blackalgo's website or services. These Terms constitute a binding legal agreement between you and Blackalgo, so please read them carefully.

Services Description

Blackalgo offers AI-powered algorithmic trading tools and strategies that you, as the user, can deploy in your own personal trading accounts via API integration. Our platform enables you to mirror or copy the trading strategies developed by Blackalgo into your accounts with supported third-party brokerages or cryptocurrency exchanges (for example, IC Markets, Binance, Pepperstone, Bybit, among others). All trading signals or instructions generated by our algorithms are sent to your linked account through an API or trade-mirroring service.

Non-Custodial Service: Blackalgo is a technology provider only. We never take custody of your funds or assets. Your trading capital remains in your personal brokerage or exchange account at all times. Blackalgo cannot deposit, withdraw, or transfer funds in your account; we only transmit trading instructions (such as buy/sell orders) to your account based on the selected strategy.

No Brokerage or Advisory: Blackalgo is not a broker-dealer, exchange, bank, or investment adviser. We do not execute trades on your behalf as an agent, and we do not provide personalized investment advice or asset management. The decision to utilize our tools and mirror trades is solely yours, and you are free to start or stop using our strategies at any time.

No Guarantee of Execution: While Blackalgo’s algorithms generate trading signals, actual trade execution is performed by third-party platforms and brokers (e.g., your chosen exchange or broker and any intermediary copy-trading service like MetaCopier). Blackalgo does not guarantee that any trade signal will be executed in your account, as execution depends on factors outside our control (such as your broker’s infrastructure, market conditions, API connectivity, and the performance of third-party services). You understand that there may be instances of missed signals, delays, or differences in prices due to these external factors.

Eligibility and Restricted Jurisdictions

By using Blackalgo’s services, you represent and warrant that you are at least 18 years old (or the age of majority in your jurisdiction) and legally capable of entering into binding contracts. You also represent that you are using our services in compliance with all applicable laws and regulations.

Restricted Jurisdictions: Blackalgo’s services are not available to individuals or entities in certain jurisdictions where our services would violate law or where we choose not to operate. This includes jurisdictions subject to international sanctions or restrictive trade measures, as well as other locations we may designate from time to time. You are not permitted to use Blackalgo if you are located in, under the control of, or a citizen/resident of any of the following jurisdictions:

United States of America (U.S.)
Russia
Belarus
North Korea
Iran
Syria
Any other country or region that is subject to United Nations sanctions, U.S. or EU embargoes, or other applicable trade sanctions.

By using our services, you affirm that you do not violate any such sanctions or restrictions. If it becomes apparent that you are using our services from a prohibited jurisdiction or are otherwise prohibited by law, Blackalgo reserves the right to terminate your access immediately without notice.

Additionally, you are responsible for ensuring that you comply with your own local laws regarding use of our services. If your country or region prohibits participation in algorithmic trading or the use of foreign trading services, you must refrain from using Blackalgo.

User Accounts and Security

To access certain Blackalgo services, you may need to create an account on our platform. You agree to provide truthful, current, and complete information during registration and to keep your account information updated. You must maintain the confidentiality of your account credentials (username, password, API keys, etc.) and are responsible for all activities that occur under your account.

Account Security: You must safeguard your login information and any API keys or credentials that connect Blackalgo to your brokerage/exchange accounts. Sharing access or credentials with unauthorized parties is prohibited. If you suspect any unauthorized use of your Blackalgo account or any breach of security, you must notify us immediately at [email protected].

Blackalgo employs reasonable security measures to protect the integrity of its platform and the transmission of trading signals. However, you acknowledge that no system is completely secure. We cannot guarantee absolute security of the information or that unauthorized third parties will never be able to defeat our security measures. You use the service at your own risk and are responsible for implementing security practices (such as two-factor authentication on your accounts) appropriate for your needs.

Fees and Payments

Use of Blackalgo’s services may be subject to subscription fees or other charges as described on our website or in a separate order or plan selection. By subscribing to or purchasing our services, you agree to pay all applicable fees. All fees are due in the currency and at the price specified at the time of purchase or subscription, unless otherwise stated.

Payment Processing: All payments for Blackalgo services are handled by Blackalgo LTD (UAE). Blackalgo LTD may process payments directly via bank transfer or utilize third-party payment processors, including DeusXPay for cryptocurrency payments. By making a payment, you authorize Blackalgo LTD to charge your provided payment method for the applicable fees, and you agree to abide by any terms of service of the payment processor (such as DeusXPay) in addition to these Terms.

Taxes: Unless stated otherwise, fees are exclusive of any taxes (such as VAT). If any taxes are applicable to your purchase (for example, UAE Value Added Tax), you are responsible for paying those taxes. Blackalgo may add such taxes to the fees when processing payment as required by law.

No Refund Policy: Fees for our services (e.g., subscription fees) are generally non-refundable once paid. It is your responsibility to evaluate the suitability of our services before purchasing. Any exceptions, such as a refund or credit, will be at Blackalgo’s sole discretion or as required by applicable law. If you believe you have extenuating circumstances, you may contact us at [email protected], but we make no guarantee of a refund unless mandated by law.

Blackalgo reserves the right to change its fees or introduce new charges for services at any time upon reasonable notice to you (for example, by updating the pricing on our website or by email notification). Fee changes will not affect subscriptions or services already paid for until the next renewal or purchase.

Third-Party Platforms and Services

Blackalgo’s tools are designed to work in conjunction with third-party trading platforms, such as brokers or exchanges and copy-trading services. You are solely responsible for maintaining an account with a compatible third-party brokerage or exchange (e.g., IC Markets, Binance, Pepperstone, Bybit, etc.) and for complying with that third party’s terms and conditions. Blackalgo does not endorse or guarantee the services of any particular broker or exchange; the examples provided are for illustration.

If our service utilizes an intermediate trade-mirroring or API service (for example, MetaCopier or a similar platform) to connect our strategies to your brokerage account, you acknowledge that such third-party services are beyond our control. The use of any third-party service (including any API integrations or trade-copier tools) may be subject to that service’s own terms of use and privacy policy.

No Guarantee by Blackalgo: While we strive to provide timely and accurate trading signals, Blackalgo is not liable for any failure, error, or delay in trade execution caused by any third-party platform or service. This includes, but is not limited to:

Downtime, outages, or technical failures of brokers, exchanges, or copy-trading services.
Slippage, rejection, or partial fills of orders by your broker or exchange.
Errors in data feeds or market data provided by external sources.
Any limits or restrictions imposed by your brokerage (such as position size limits, risk management triggers, or technical issues in their API).

You understand that using Blackalgo’s services requires a reliable internet connection and the cooperation of third-party services, and that interruptions or issues with those can result in trades not being executed as intended. Blackalgo shall not be responsible for losses, missed opportunities, or other damages resulting from third-party issues or from your own connectivity problems.

Additionally, any disputes or issues arising between you and your chosen third-party platform are independent of Blackalgo. You must resolve such issues with the third party directly. However, we encourage you to inform us of serious problems, as we may choose to adjust our service or communicate with the third party if appropriate (without assuming any obligation to do so).

No Financial Advice or Fiduciary Duty

All information and services provided by Blackalgo are for informational and educational purposes only and are offered on a non-advisory basis. Blackalgo’s algorithms and trade signals are generated without consideration of your personal financial situation, objectives, or needs. Nothing on our website or through our services constitutes investment advice, financial advice, trading advice, or any other form of recommendation to buy or sell securities, cryptocurrencies, or other financial instruments.

Blackalgo is not a registered investment advisor, does not provide personalized trading advice, and does not assume any fiduciary duty toward you. You alone are responsible for determining whether any trading strategy, algorithm, or related service is suitable for you in light of your own financial circumstances and risk tolerance. If you are unsure, you should consult with a qualified financial advisor before using our services or making any investment decisions.

No Client-Advisor Relationship: Your use of Blackalgo does not create any advisory, brokerage, fiduciary, or agency relationship between you and us. We provide tools that you can choose to use at your own discretion. Any testimonials, descriptions of strategies, or performance results on our site are for illustrative purposes only and are not guarantees or projections of future performance.

Assumption of Risk

By using Blackalgo’s trading tools, you acknowledge and accept the risks inherent in algorithmic trading and financial markets. Trading virtual assets, cryptocurrencies, forex, and other financial products is highly speculative and can be extremely volatile. There is no guarantee that the strategies provided by Blackalgo will result in profits or avoid losses. In fact, it is possible you could sustain significant losses, including a total loss of the funds in your trading account.

You should carefully consider whether trading on the basis of algorithmic strategies is appropriate for your financial condition and experience level. It is your responsibility to understand the risks involved. Blackalgo strongly recommends that you review our detailed Risk Warning page, which is incorporated by reference into these Terms. By agreeing to these Terms and using our services, you confirm that you have read and understood the Risk Warning.

Blackalgo will not be liable for any losses you incur as a result of following our algorithms or signals. You assume full responsibility for all trading decisions and outcomes in your account, including any reliance on information or tools provided by Blackalgo.

Intellectual Property

All content and materials provided on the Blackalgo website and through our services – including, but not limited to, text, graphics, logos, software (including the trading algorithms and code), and any proprietary algorithms or trade strategies – are the intellectual property of Blackalgo or its licensors. These materials are protected by copyright, trademark, trade secret, and other intellectual property laws.

Blackalgo grants you a limited, revocable, non-exclusive, non-transferable license to access our website and use our services for your personal, non-commercial use in accordance with these Terms. You agree not to copy, reproduce, distribute, modify, create derivative works from, publicly display, publicly perform, republish, download, store, or transmit any of the content or software on our site, except as expressly permitted by us in writing. You also agree not to reverse engineer or attempt to extract the source code of any software or algorithms provided by Blackalgo, except to the extent allowed by law (and then only after providing us with prior written notice).

Trademarks and trade names of Blackalgo (including the name "Blackalgo" and associated logos) are owned by Blackalgo. You are not granted any right or license to use them. All other product and company names mentioned on our site may be trademarks of their respective owners, and are used for identification purposes only.

If you submit feedback or suggestions to Blackalgo regarding our services, we may use and implement that feedback without obligation to you.

Limitation of Liability

To the fullest extent permitted by applicable law, Blackalgo and its affiliates, officers, employees, and agents shall not be liable for any of the following in connection with your use of the services or this website:

Any indirect, consequential, incidental, special, exemplary, or punitive damages.
Any loss of profit, loss of revenue, trading losses, loss of data, loss of business opportunities, or damage to goodwill.
Any loss or damage arising from: (i) your reliance on any information or content provided by Blackalgo; (ii) any interruption, errors, or omissions in our services; (iii) events beyond our reasonable control, including any third-party failures as described in these Terms; or (iv) any breach of security or unauthorized access to our systems.

Blackalgo’s total cumulative liability to you for any claims arising out of or relating to these Terms or the services, whether in contract, tort (including negligence), or otherwise, shall not exceed the total amount of fees you have paid to Blackalgo in the twelve (12) months preceding the event giving rise to the liability. If you have paid no fees, Blackalgo’s maximum liability to you for any applicable claim will be zero, to the extent allowed by law.

Nothing in these Terms limits or excludes liability that cannot be limited or excluded under applicable law (for example, certain statutory warranties that may apply to consumers, or liability for willful misconduct or gross negligence). However, in such cases, our liability will be limited to the fullest extent permitted by law.

You understand and agree that without these limitations of liability, Blackalgo would not be able to offer the services to you, and that these limitations are an essential basis of the bargain between you and us.

Indemnification

You agree to indemnify, defend, and hold harmless Blackalgo, its affiliated companies (including Blackalgo LTD and Blackalgo VA Proprietary Trading LLC) and their respective officers, directors, employees, and agents from and against any and all claims, liabilities, losses, damages, obligations, costs, and expenses (including reasonable attorneys’ fees) arising out of or related to:

Your use or misuse of the Blackalgo website or services.
Your breach or violation of any of these Terms.
Your violation of any law or regulation, or the rights of any third party, in connection with your use of the services.
Any dispute between you and a third-party provider (such as a broker, exchange, or technology provider) related to your use of our services.

Blackalgo reserves the right, at its own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you (this does not limit your indemnification obligations). In such cases, you agree to cooperate with our defense of that claim.

Termination

Blackalgo may, in its sole discretion, suspend or terminate your access to the website or services at any time and for any reason, including (but not limited to) if we believe you have violated these Terms or any applicable law, or if you are engaging in activities that could harm Blackalgo or other users. We may attempt to provide notice to you in such cases (for example, via the email associated with your account), but we are not obligated to do so.

If your account or access is terminated or suspended, you remain responsible for any obligations incurred up to the point of termination (including payment of any fees due), and any provisions of these Terms which by their nature should survive termination (such as intellectual property rights, disclaimers, limitation of liability, indemnity, and governing law) will remain in effect. We will have no liability to you or any third party for account termination or associated loss of access to our services or content.

You may discontinue use of our services at any time. If you wish to delete your Blackalgo account, you may contact us with such a request. Please note that termination of services by you or by us will not automatically entitle you to any refund of fees already paid, especially for subscription periods already commenced, unless otherwise required by law or expressly stated by us.

Governing Law and Jurisdiction

These Terms of Use and any dispute or claim arising out of or in connection with them (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of the United Arab Emirates (UAE). This governing law applies regardless of your location, and without regard to conflicts of law principles.

You agree that any dispute arising under these Terms that cannot be resolved amicably shall be subject to the exclusive jurisdiction of the courts of the United Arab Emirates. If permitted under applicable law, the courts of the Emirate of Dubai (excluding the Dubai International Financial Centre) shall be the specific venue for the resolution of any such disputes. You waive any objection to the jurisdiction or venue of such courts on the grounds of inconvenience or any other basis, to the extent permitted by law.

Notwithstanding the foregoing, Blackalgo retains the right to seek injunctive or equitable relief in any jurisdiction worldwide to protect its intellectual property or confidential information.

Changes to these Terms

Blackalgo may update or revise these Terms of Use from time to time at our discretion. If we make material changes, we will provide notice to users by posting the updated Terms on our website and updating the "Last Updated" date at the top of the Terms, or by other appropriate means. It is your responsibility to check the Terms periodically for changes. Your continued use of the services after any changes to the Terms constitutes acceptance of those changes.

If you do not agree to the amended Terms, you must stop using our services and, if applicable, you may request the closure of your account.

Miscellaneous

Entire Agreement: These Terms (along with any documents or policies incorporated by reference, including our Privacy Policy, Risk Warning, and Disclaimer) constitute the entire agreement between you and Blackalgo regarding your use of our website and services, and supersede any prior agreements or understandings (whether oral or written) relating to the same subject matter.Severability: If any provision of these Terms is held to be invalid or unenforceable by a court of competent jurisdiction, that provision will be enforced to the maximum extent permissible, and the remaining provisions of these Terms will remain in full force and effect.No Waiver: Blackalgo’s failure to enforce any right or provision of these Terms shall not be deemed a waiver of such right or provision. Any waiver of any provision of these Terms will be effective only if in writing and signed by Blackalgo.Assignment: You may not assign or transfer any of your rights or obligations under these Terms without our prior written consent. Blackalgo may assign or transfer its rights and obligations under these Terms to an affiliate or to a successor in interest (such as in the case of a merger, acquisition, or sale of assets) without notice to you.Headings: Section headings in these Terms are for convenience only and have no legal or contractual effect.

Contact Information

If you have any questions or concerns about these Terms of Use or Blackalgo’s services, please contact us at [email protected]. You can also find further contact details on our website. We will endeavor to respond to inquiries within a reasonable timeframe.