DISCLAIMER AND TERMS
1. Algemeen
Cimplytrading is a software company that provides automated investment recommendations via trading bots. By using our services and information, you agree to this disclaimer and these terms.
2. Risks of investing
Cimplytrading's recommendations relate to the foreign exchange market (Forex), where trading is done with leverage. This entails significant risks, including the risk of losing your entire investment. Only invest money you can afford to lose and make sure you fully understand how leverage works. Approximately three quarters of retail investors incur losses with Forex trading, and our bots may also incur losses at times.
3. Responsibility of the user
Investment recommendations lead via signals to automatic copying of orders. You are fully responsible for your investments and choices. You can start, stop, or pause copy trading at any time, and close or open orders yourself. Seek independent advice and carefully assess whether the risks of our services fit your profile.
4. No investment advice
Cimplytrading is not a copy trading platform, broker, financial advisor, intermediary, or asset manager. Our services and information do not constitute investment advice. The investment recommendations are general in nature and not tailored to the situation of the individual investor.
5. Terms of use
The investment recommendations are for personal use only and may not be shared commercially. Violations are subject to a fine of €10,000 per violation. Cimplytrading may stop providing recommendations at any time without being liable for any compensation.
6. Supervision and regulation
The Netherlands Authority for the Financial Markets (AFM) sets transparency requirements for investment recommendations. Cimplytrading follows these requirements where applicable. Investing with our bots takes place outside AFM supervision. You must check yourself whether the broker and bot suit your situation and risks.
7. Responsibility of the user with brokers
You open an account with the broker yourself and subscribe to copying orders. The broker and the copy trading platform are separate from Cimplytrading. Carefully read the broker’s and platform’s terms before agreeing to them.
8. Belgian customers
Do you live in Belgium? The commercialization of Forex has been prohibited by the FSMA since 2016. We do not target Belgian residents.
9. Fee structure
For copy trading, you only pay a performance fee of 35% on the net profit, according to the high-watermark principle. There are no start-up fees. The fee is deducted automatically on a weekly basis. The broker may charge additional transaction costs and interest charges.
10. Liability
Cimplytrading is not liable for the quality, accuracy, completeness, reliability, availability, or timeliness of the information and investment recommendations provided, or for any damage resulting from this. Online services involve certain risks, such as system delays, technical failures, and cyberattacks. We are not liable for damage resulting from these.
By using Cimplytrading’s services, you as a customer declare that you have conducted sufficient research and accept the risks. For questions or more information, please contact our team.