Legal
Risk disclosure
Trading leveraged instruments carries substantial risk. Read this before interpreting anything else on this site.
Demo data — fictional sample content for interface development. Not real ClonePips customer data.
Risk warning
Risk warning
Trading foreign exchange, CFDs and leveraged instruments on margin carries a high level of risk and may not be suitable for all investors.
Status of this document
Pre-review draft
This document was authored as part of this repository and has not been reviewed by counsel. It becomes final when a legal entity and its counsel adopt it.
- Authored in this repository alongside the product it describes
- Not reviewed or approved by a law firm or regulator
- Updated in version control; replace it when counsel supplies the final text
Before this page is final
- Name the legal entity and registered address
- Add jurisdiction-specific clauses and governing law
- Confirm contact channels for notices and complaints
- Replace these bullets with counsel's text
Risks
What copy trading adds to the usual risks
Beyond the risks of the instruments themselves, following a strategy on someone else's terms introduces these:
Replication is not identical
A copied order can fill at a different price, size or time than the master's — slippage, spreads and venue rules differ per account.
Strategies can and do lose
A provider's historical record, however presented, does not bound future losses. Drawdown periods are part of every strategy's record.
Leverage amplifies both directions
Margin trading magnifies losses as well as gains. Positions can be closed by margin rules before a move reverses.
Venue and counterparty exposure
Execution happens on a broker's venue. The broker, its liquidity and its systems are part of the risk path, independent of the strategy chosen.
Suitability
Only with capital you can afford to lose
No page on this site assesses whether any instrument or strategy is suitable for you — that assessment is yours, or a licensed adviser's.
- Understand the instrument and the strategy before allocating
- Size allocations as though they can go to zero
- Read the strategy's drawdown history, not only its return
- Set your own exit rules before you enter
On this site specifically
- All figures shown are fictional demo data
- No figure here describes a real account
- No page recommends any strategy or provider