Terms and Conditions
Last updated: December 2024
1. Introduction and Acceptance
Welcome to Novak Trading Platform ("Novak," "we," "us," or "our"). These Terms and Conditions ("Terms") govern your use of our AI-powered automated trading platform, website, and related services. By accessing or using Novak's services, you agree to be bound by these Terms.
If you do not agree with any part of these Terms, you must not use our services. These Terms constitute a legally binding agreement between you and Novak Trading.
2. Service Description
Novak provides an AI-powered automated trading platform that:
- Utilizes machine learning algorithms to analyze financial markets
- Executes automated trades on behalf of users
- Provides risk management tools and portfolio analytics
- Offers integration with supported brokers and trading platforms
- Delivers real-time performance monitoring and reporting
Our services are intended for experienced traders and investors who understand the risks associated with automated trading systems.
3. User Responsibilities and Eligibility
3.1 Eligibility Requirements
To use Novak's services, you must:
- Be at least 18 years of age
- Have the legal capacity to enter into binding agreements
- Not be prohibited from using our services under applicable law
- Maintain an account with a supported broker
- Have sufficient trading experience and risk tolerance
3.2 Account Security
You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account. You must immediately notify us of any unauthorized use of your account.
4. Risk Disclosure and Trading Warnings
IMPORTANT RISK WARNING
Trading in financial markets involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results.
By using Novak's automated trading services, you acknowledge and accept the following risks:
- Market Risk: Financial markets are volatile and unpredictable. You may lose some or all of your invested capital.
- Technology Risk: Automated trading systems may experience technical failures, connectivity issues, or algorithmic errors.
- Execution Risk: Market conditions may prevent the execution of trades at expected prices or times.
- Liquidity Risk: Certain markets or instruments may have limited liquidity, affecting trade execution.
- Regulatory Risk: Changes in regulations may impact the availability or functionality of our services.
5. Subscription and Payment Terms
5.1 Subscription Plans
Novak offers various subscription plans with different features and pricing. All fees are clearly displayed on our website and are subject to change with 30 days' notice.
5.2 Free Trial
We offer a 3-day free trial for new users. You may cancel at any time during the trial period without charge. If you do not cancel, you will be automatically charged for your selected subscription plan.
6. Platform Usage and Restrictions
6.1 Permitted Use
You may use Novak's platform solely for legitimate trading purposes in accordance with these Terms and applicable laws.
6.2 Prohibited Activities
You agree not to:
- Use the platform for illegal activities or money laundering
- Attempt to manipulate or disrupt the platform's functionality
- Share your account credentials with third parties
- Reverse engineer or copy our proprietary algorithms
- Use the platform to harm other users or the financial markets
7. Data Protection and Privacy
We take your privacy seriously and handle your personal and trading data in accordance with our Privacy Policy. By using our services, you consent to the collection, use, and processing of your data as described in our Privacy Policy.
We implement industry-standard security measures to protect your data, including encryption, secure data storage, and regular security audits.
8. Limitation of Liability and Disclaimers
8.1 Service Disclaimers
Novak's services are provided "as is" without warranties of any kind. We do not guarantee continuous, uninterrupted access to our platform or specific trading results.
8.2 Limitation of Liability
To the maximum extent permitted by law, Novak shall not be liable for any indirect, incidental, special, or consequential damages arising from your use of our services, including but not limited to trading losses.
9. Termination
Either party may terminate this agreement at any time. We reserve the right to suspend or terminate your account immediately if you violate these Terms or engage in prohibited activities.
Upon termination, your access to the platform will cease, but these Terms will continue to apply to any prior use of our services.
10. Governing Law and Dispute Resolution
These Terms are governed by the laws of [Jurisdiction]. Any disputes arising from these Terms or your use of our services shall be resolved through binding arbitration in accordance with the rules of [Arbitration Organization].
11. Changes to These Terms
We may update these Terms from time to time. We will notify you of any material changes by email or through our platform. Your continued use of our services after such notice constitutes acceptance of the updated Terms.
12. Contact Information
If you have any questions about these Terms, please contact us at:
Support: support@novaktrading.com
Website: novaktrading.com