Legal Disclaimer

Review the Legal Disclaimer of Welix Fintech. Understand how we protect your personal information and ensure compliance with legal standards.

Last Updated: July 2024

This legal disclaimer ("Disclaimer") is provided by Welix Fintech ("Wx," "we," "us," or "our"), a fintech company headquartered in Hyderabad, India. This Disclaimer governs your access to and use of our website, mobile applications, trading algorithms, interactive chatbots, web dashboards, consulting services, and any other services or products offered by Welix Fintech (collectively referred to as the "Service").

PLEASE READ THIS DISCLAIMER CAREFULLY. BY ACCESSING OR USING OUR SERVICE, YOU AGREE TO BE BOUND BY ALL TERMS AND CONDITIONS OUTLINED IN THIS DISCLAIMER.

1. Nature of Service

1.1 Automated Trading Technology: Welix Fintech develops and provides advanced trading technology and tools specifically designed for Indian retail traders and institutional clients. Our core offerings include:

a) Alpha-generating trading algorithms b) Interactive chatbots on platforms such as Telegram and Discord c) Customizable web dashboards with charting and back testing capabilities d) Consulting services for institutional clients

1.2 Non-Advisory Nature: Our Service is solely restricted to automated trading application development, deployment, and maintenance. We do not provide personalized investment advice, trading tips, or act as investment advisers. Users are solely responsible for their investment decisions.

1.3 Educational Purpose: Any content, including but not limited to market analysis, trading strategies, or economic insights provided through our Service, is for educational and informational purposes only.

1. Risk Disclosure

2.1 Market Risks: Investments in securities markets are subject to market risks. The value of investments can fluctuate, and you may lose some or all of your invested capital. Past performance does not guarantee future results.

2.2 Algorithm Performance: All trading algorithms provided by Welix Fintech are based on back tested data. However, back testing results are hypothetical and do not represent actual trading. We do not guarantee that our algorithms will achieve similar results in live trading.

2.3 Automated Trading Risks: Automated trading systems can malfunction due to network connectivity issues, software errors, or other technological failures. Users should monitor their automated trading activities closely.

2.4 High-Risk Investment: Trading in financial markets, especially using leveraged products or derivatives, carries a high level of risk and is not suitable for all investors. You should carefully consider your investment objectives, level of experience, and risk appetite before using our Service.

1. User Responsibilities

3.1 Due Diligence: Users are responsible for conducting their own due diligence before making any investment decisions. We strongly recommend consulting with a qualified financial advisor before engaging in any trading or investment activity.

3.2 Risk Capital: Users should not invest money they cannot afford to lose. Only risk capital (funds that if lost would not affect your lifestyle) should be used for trading.

3.3 Understanding of Service: Users must thoroughly understand the functionalities, limitations, and risks associated with our Service before usage. If you do not understand any aspect of our Service, please contact us for clarification before use.

3.4 Account Security: Users are responsible for maintaining the confidentiality of their account credentials and for all activities that occur under their account.

1. Limitation of Liability

4.1 No Guaranteed Returns: Welix Fintech, its partners, officers, employees, or affiliates do not guarantee any returns on investments made using our Service. There is no assurance that the objectives of any strategy, model, or advice provided will be achieved.

4.2 Performance Variance: Actual returns may differ significantly from back tested or hypothetical results due to various factors, including but not limited to market conditions, liquidity, slippage, and trading costs.

4.3 Service Interruptions: We do not guarantee uninterrupted, secure, or error-free operation of our Service. We are not liable for any losses resulting from system failures, network issues, or other technological disruptions.

4.4 Third-Party Services: Our Service may integrate with or rely on third-party services. We are not responsible for any damages or losses resulting from the use of these third-party services.

4.5 Exclusion of Liability: To the fullest extent permitted by law, Welix Fintech and its affiliates shall not be liable for any direct, indirect, incidental, special, consequential, or exemplary damages resulting from the use or inability to use our Service.

1. Intellectual Property

5.1 Ownership: All content, algorithms, software, and other materials provided through our Service are the exclusive property of Welix Fintech and are protected by Indian and international intellectual property laws.

5.2 Limited License: Users are granted a limited, non-exclusive, non-transferable license to use our Service for personal or internal business purposes, subject to this Disclaimer and any applicable subscription terms.

5.3 Restrictions: Users may not copy, modify, distribute, sell, or lease any part of our Service or included software, nor may they reverse engineer or attempt to extract the source code of that software, unless laws prohibit these restrictions or they have our written permission.

1. Fees and Payments

6.1 Non-Refundable Fees: All subscription fees paid to Welix Fintech are non-refundable, unless otherwise stated in a separate agreement.

6.2 Fee Changes: We reserve the right to modify our fee structure at any time. Any changes will be communicated to users in advance.

1. Privacy and Data Protection

7.1 Data Usage: By using our Service, you consent to the collection, processing, and storage of your personal data as outlined in our Privacy Policy.

7.2 Data Security: While we implement robust security measures to protect user data, we cannot guarantee absolute security. Users should take appropriate measures to protect their own sensitive information.

1. Regulatory Compliance

8.1 Jurisdictional Restrictions: Our Service is not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to local law or regulation.

8.2 Compliance Responsibility: Users are responsible for ensuring their use of our Service complies with all applicable local, state, national, and international laws and regulations.

1. Modifications to Service and Disclaimer

9.1 Service Changes: We reserve the right to modify, suspend, or discontinue any part of our Service at any time without notice.

9.2 Disclaimer Updates: This Disclaimer may be updated from time to time. We will notify users of any material changes. Continued use of our Service after such changes constitutes acceptance of the updated Disclaimer.

1. Governing Law and Dispute Resolution

10.1 Governing Law: This Disclaimer shall be governed by and construed in accordance with the laws of India, without regard to its conflict of law provisions.

10.2 Dispute Resolution: Any disputes arising out of or related to this Disclaimer or our Service shall be resolved through arbitration in Hyderabad, India, in accordance with the Arbitration and Conciliation Act, 1996.

By using our Service, you acknowledge that you have read, understood, and agree to be bound by this Disclaimer. If you do not agree to any part of this Disclaimer, you must not use our Service.