Risk Disclosure

You can lose money

Investment and trading carry substantial risk of loss. You can lose some, all, or — in extreme cases involving fees or borrowed funds — more than what you deposit. Do not commit funds that you cannot afford to lose. This is not a slogan: it is the single most important rule for anyone using a trading or copy-trading platform.

Past performance does not predict future results

Every Master Trader on Alphaforge publishes their historical track record — ROI, win rate, drawdown, and full trade history. This information is useful for comparison and decision-making. It is not a forecast. A Master Trader who has been profitable for years can have a losing month, quarter, or longer. Strategies that worked in one market regime can fail in another. Treat history as one input, not a guarantee.

Specific risks of copy trading

• Trader-specific risk. When you follow a Master Trader, the daily P&L of that trader is applied to your account. You are exposed to that trader's decisions, mistakes, and changes in style — over which you have no control.
• Concentration risk. Following a single Master Trader concentrates your exposure. Following multiple traders diversifies it but does not eliminate it; correlated traders can lose at the same time.
• Lag and execution risk. Alphaforge distributes daily P&L based on the trader's published results. Distribution is not instantaneous — there is a lag between the trader's activity and the change to your balance.
• Trader withdrawal. A Master Trader can stop trading at any time. If the trader you follow stops, your follow becomes inactive until you choose another.

Funding, settlement, and counterparty risks

• Settlement timing. Deposits and withdrawals are made in US dollars by bank transfer and are not instantaneous. Transfers typically settle within one to two business days, and bank processing times are outside Alphaforge's control.
• Bank-detail risk. Funds are returned to the bank account you link and verify. We cannot recover funds sent using incorrect details where the receiving institution treats the transfer as final. Verify your details before confirming every transfer.
• Counterparty risk. Customer funds are held with our banking and clearing partners. Failures, delays, or insolvencies at a partner institution can affect access to funds. Investor-protection schemes may apply but have coverage limits and do not protect against market losses.
• Currency risk. Your account is denominated in US dollars. If your local currency is not USD, the value of your deposits and withdrawals in your home currency will move with exchange rates.
• Regulatory risk. Financial regulations vary by jurisdiction and change over time. Changes in your country's rules may affect your ability to use Alphaforge, transfer funds, or realise gains.

Risks specific to additional asset classes

If you trade — or follow a Master Trader who trades — in additional asset classes offered through the Platform, the following risks apply in addition to the general risks above. This summary is illustrative, not exhaustive.

• Stocks and ETFs. Equity prices reflect company-specific factors, sector dynamics, and macroeconomic conditions. Individual stocks can lose substantial value rapidly. ETFs reduce concentration risk but do not eliminate it; tracking error, expense ratios, and liquidity gaps relative to the underlying basket affect returns.
• Options and index options. Options carry asymmetric risk profiles. Long options can expire worthless, losing the entire premium paid. Short options can produce losses materially greater than the premium received, particularly uncovered positions. Index options share these characteristics with additional exposure to broad-market movements.
• Futures. Futures are leveraged contracts. Small price movements in the underlying produce large gains or losses relative to the margin deposited. Adverse movements can trigger margin calls requiring immediate additional funds; failure to meet a margin call may result in forced liquidation at unfavourable prices.
• Margin. Trading on margin amplifies both gains and losses. Interest accrues on borrowed funds. If your equity falls below the maintenance requirement, positions may be liquidated without prior notice. You can lose more than your initial deposit.
• OTC. Over-the-counter securities trade off-exchange with greater spreads, lower liquidity, and weaker disclosure standards than listed securities. Information asymmetry is higher; price discovery is slower.
• Fractional shares. Fractional shares carry the same underlying risk as full shares. Corporate actions (splits, mergers, tender offers) may be handled differently for fractional positions and may not be eligible for all rights afforded to whole-share holders.

Risks specific to planning and advisory services

Where the Platform offers planning or advisory features — including financial planning, private wealth management, estate planning, long-term care planning, business planning, and strategic planning — the following apply:

• Planning outputs are based on the information you provide. Inaccurate or incomplete inputs produce unreliable outputs.
• General planning tools and educational content do not constitute personalised advice unless explicitly stated and delivered by a qualified professional through the Platform.
• Tax, legal, and regulatory aspects of any plan are jurisdiction-specific and change over time. Plans require periodic review and may need updating as your circumstances change.
• For decisions with significant tax, legal, or estate implications, consult a qualified professional (accountant, lawyer, or registered financial advisor) in your jurisdiction.

Alphaforge-specific limitations

• Except where you enter into a written advisory agreement with Alphaforge Advisors LLC, Alphaforge does not provide personalised financial, investment, tax, or legal advice. General information published on the platform is not tailored to your individual situation.
• Alphaforge is not liable for losses arising from the trading decisions of any Master Trader, your own decisions on what to follow or when to disconnect, or actions you take on your own account.
• The platform's daily P&L distribution model relies on accurate reporting and operational systems. While we audit and reconcile rigorously, no system is perfect. Errors that arise will be corrected as soon as identified.
• Some features described on marketing pages are still in development. See Section 8 (Forward-Looking Statements) of the Terms of Service. You should not rely on the availability of any unreleased feature in deciding whether to use the Platform today.

What we ask of you

Before you commit funds:

• Read this page in full.
• Read the Terms of Service, Privacy Policy, and Capital Gains Tax page.
• Confirm that using Alphaforge is lawful in your jurisdiction.
• Decide on an amount you are genuinely prepared to lose.
• Choose a Master Trader whose risk profile matches your situation — read their drawdown and risk-level data, not just their headline ROI.

Get advice if you need it

If you are unsure whether copy trading is appropriate for your circumstances, seek independent financial advice from a qualified professional in your jurisdiction before proceeding.

Contact

Questions about anything on this page: legal@alphaforge.com.