Terms of Service

2.1 Not a Financial Institution

WE ARE NOT A FINANCIAL INSTITUTION. Spectra is solely a technology platform that provides software tools for automated trade replication. We:

• Are NOT a bank, broker-dealer, investment advisor, or financial institution of any kind
• Do NOT provide brokerage services or hold regulatory licenses
• Do NOT manage, advise, or make decisions about your investments
• Are NOT registered with any financial regulatory authority
• Operate purely as a software technology provider

2.2 No Financial Services

WE DO NOT PROVIDE FINANCIAL SERVICES. We explicitly do NOT:

• Execute, process, or handle any trades
• Hold, custody, transfer, or manage any funds
• Provide clearing or settlement services
• Act as an intermediary in financial transactions
• Offer investment products or financial instruments
• Provide portfolio management services

All trades are executed exclusively through YOUR Broker account using THEIR systems. We only provide the software to automate what YOU choose to do.

2.3 No Financial Advice - No Recommendations

WE DO NOT PROVIDE FINANCIAL, INVESTMENT, LEGAL, OR TAX ADVICE.

• Nothing on the Platform constitutes advice of any kind
• We do NOT recommend, endorse, suggest, or advise on any trading strategies
• We do NOT evaluate, verify, or validate any Trader's performance or methods
• Displaying information about Traders is NOT a recommendation
• You are solely responsible for evaluating and choosing whom to copy
• YOU MUST consult with qualified financial advisors before making investment decisions

2.4 No Licensing Required for Our Service

THIS ACTIVITY DOES NOT REQUIRE A FINANCIAL LICENSE. Our service is purely technological software that:

• Connects to third-party Broker APIs (per Broker's terms)
• Automates the replication of actions YOU choose to copy
• Does NOT require financial regulatory licensing
• Is comparable to trading automation software

We provide technology, not financial services.

2.5 Company Status

Spectra operates from Dubai, United Arab Emirates. We are a technology service provider, NOT a registered financial entity, and we make NO representations as a financial institution of any kind.

2.6 CRITICAL: You Trade At Your Own Risk

BY USING THIS SERVICE, YOU EXPLICITLY ACKNOWLEDGE:

• You are making your own independent investment decisions
• We bear NO responsibility for your trading outcomes
• You will NOT hold us liable for any losses or damages
• You understand the substantial risks involved in trading
• You are NOT relying on us for investment guidance

3.1 Age and Legal Capacity

You must be at least 18 years old and have the legal capacity to enter into binding contracts in your jurisdiction. By using the Service, you represent and warrant that you meet these requirements.

3.2 Geographic Restrictions

The Service may not be available in all jurisdictions. You represent that your use of the Service complies with all applicable laws in your country of residence. You may not use the Service if you are located in, or a resident of, any jurisdiction where such use is prohibited by law or regulation.

3.3 Registration Requirements

To use the Service, you must:

• Provide accurate, complete, and current information during registration
• Maintain the accuracy of your account information
• Keep your login credentials secure and confidential
• Notify us immediately of any unauthorized access to your account

3.4 Account Security

You are solely responsible for all activity that occurs under your account. We are not liable for any loss or damage arising from your failure to maintain account security.

4.1 Authorization

By linking your Broker account to the Platform, you authorize Spectra to:

• Access your Broker account via API connection
• Retrieve account information, positions, and trading history
• Execute trades in your account based on copy trading settings
• Monitor account status and balance

4.2 Broker Relationship

Your relationship with your Broker is separate and independent from your relationship with Spectra. You must comply with your Broker's terms of service, and you are solely responsible for:

• Maintaining sufficient funds and margin in your Broker account
• Ensuring your Broker permits API connections and automated trading
• Understanding and accepting your Broker's fees, execution policies, and risk disclosures

4.3 Revocation of Access

You may revoke our access to your Broker account at any time by:

• Disconnecting the account through the Platform settings
• Revoking API credentials directly with your Broker
• Closing your Spectra account

5.1 How Copy Trading Works

When you copy a Trader:

• Trades executed in the Trader's account are automatically replicated in your linked Broker account
• Trade sizes are calculated proportionally based on your account size relative to the Trader's account size
• You maintain full control and can stop copying, close positions, or modify settings at any time

5.2 No Guarantee of Execution

We do NOT guarantee:

• That all trades will be replicated successfully
• Identical execution prices or timing as the Trader
• That you will achieve the same results as the Trader
• Uninterrupted or error-free operation of the Service

5.3 Factors Affecting Execution

Copy trading results may differ due to:

• Latency and network delays
• Slippage and market volatility
• Broker execution policies and limitations
• Partial fills and order rejections
• Differences in available margin or account size
• Rounding of fractional shares or position sizes
• Broker-specific restrictions on certain instruments

5.4 Automatic Suspension

Copy trading may be automatically paused or suspended if:

• Your account has insufficient margin or funds
• Your Broker rejects or blocks API access
• We detect unusual activity or potential violations of these Terms
• Technical issues prevent reliable execution

6.1 Current Free Access - BETA PERIOD

IMPORTANT: The Service is currently FREE during our beta period.

During this beta phase, you receive:

• FREE access to ALL copy trading features
• NO subscription or payment required
• NO time limits on free access
• Ability to connect unlimited Broker accounts
• Ability to copy unlimited Traders
• Full access to all platform functionality

You are NOT required to pay anything to use Spectra at this time.

6.2 Future Subscription Model

We reserve the right to introduce paid subscription plans in future updates to the Service.

If and when we introduce paid subscriptions:

• We will provide advance notice of at least 30 days to all users
• We will clearly communicate pricing and subscription terms
• Existing beta users may receive special pricing, discounts, or grandfathered access
• You will have the choice to subscribe under the new pricing OR discontinue use
• You will never be charged without your explicit consent

We will notify you via:

• Email to your registered email address
• In-app notification
• Prominent announcement on the Platform

6.3 Broker Fees - STILL APPLY

While our Service is currently free, you are still responsible for:

• Broker fees: Commissions, spreads, financing costs charged by your Broker
• Trading costs: Any costs associated with executing trades in your Broker account
• Taxes: Any taxes associated with your trading activity
• Broker account requirements: Minimum deposits or margin requirements set by your Broker

IMPORTANT: Spectra does NOT charge you anything currently. However, your Broker charges are separate and paid directly to your Broker. These are NOT controlled by Spectra.

6.4 No Hidden Charges - Transparency Commitment

We commit to complete transparency:

• We will NEVER charge you without explicit advance notice and consent
• We will NEVER add surprise fees or hidden charges
• All future pricing will be clearly displayed before any payment is required
• You will always have the choice to accept new pricing or stop using the Service

6.5 Beta Period Duration

The beta period and free access will continue until we officially announce the introduction of paid subscriptions. We will provide advance notice as specified in Section 6.2 above.

Your rights during beta:

• Continue using all features for free until pricing is introduced
• Receive advance notice before any monetization begins
• Make an informed decision about whether to continue using the Service under paid plans

7.1 Illegal Activities

• Use the Service for any illegal purpose or in violation of any laws
• Engage in market manipulation, wash trading, or fraudulent trading practices
• Use the Service to facilitate money laundering or terrorist financing

7.2 Technical Abuse

• Reverse engineer, decompile, or disassemble any part of the Service
• Attempt to gain unauthorized access to our systems or other users' accounts
• Introduce viruses, malware, or any harmful code
• Overload or interfere with the proper functioning of the Service

7.3 Misrepresentation

• Provide false or misleading information during registration or use
• Impersonate any person or entity
• Misrepresent your trading performance or results

7.4 Account Sharing

• Share your account credentials with others
• Allow multiple individuals to use a single account
• Sell, transfer, or sublicense your account access

8.1 HIGH RISK - READ THIS CAREFULLY

COPY TRADING AND FINANCIAL MARKETS INVOLVE EXTREME RISK OF SUBSTANTIAL OR TOTAL LOSS.

WARNING: Trading financial instruments, especially with leverage, is highly speculative and carries substantial risk. You can lose MORE than your initial investment. DO NOT trade with money you cannot afford to lose entirely.

8.2 NO GUARANTEE - LOSSES ARE LIKELY

THERE IS NO GUARANTEE OF PROFIT. LOSSES ARE COMMON AND OFTEN SUBSTANTIAL.

• Past performance is NEVER indicative of future results
• Most traders lose money - you likely will too
• No Trader can guarantee profits
• Markets are unpredictable and can move against you rapidly
• Copying successful past performance does NOT ensure future success

8.3 Comprehensive Trading Risks

By using this Service, you acknowledge and accept the following risks:

8.4 Your Responsibility to Monitor

YOU ARE REQUIRED TO:

• Actively monitor all copy trading activity
• Understand that automated trading can execute many trades rapidly
• Be prepared for rapid and substantial losses
• Have stop-loss strategies and risk management plans
• Never rely solely on automation without monitoring

WARNING: Automated copy trading can result in numerous trades being executed in seconds, potentially causing massive losses before you can react.

8.5 Not Suitable for Everyone

Copy trading and leveraged trading are NOT suitable for:

• Individuals who cannot afford to lose their investment
• Those without substantial trading knowledge and experience
• Risk-averse investors
• Those relying on capital for living expenses
• Minors (under 18 years old)

8.6 Professional Advice Required

YOU MUST:

• Consult with independent financial advisors before trading
• Seek tax advice regarding tax implications
• Seek legal advice if unsure about regulatory compliance
• Understand your Broker's terms and risk disclosures
• Never rely on the Platform as your sole source of information

8.7 Acknowledgment of Risk

BY USING THE SERVICE, YOU EXPLICITLY ACKNOWLEDGE THAT:

• You fully understand these substantial risks
• You accept full responsibility for all trading outcomes
• You may lose all or more than your invested capital
• You will NOT blame Spectra for any losses
• You are trading with risk capital only (money you can afford to lose completely)
• You have adequate financial resources and risk tolerance
• You have been advised to seek professional guidance

9.1 ABSOLUTE EXCLUSION OF LIABILITY FOR TRADING LOSSES

TO THE MAXIMUM EXTENT PERMITTED BY LAW, WE ARE NOT LIABLE FOR ANY:

• Trading losses, financial damages, or loss of profit
• Loss of capital, margin calls, or account liquidations
• Missed opportunities or failed executions
• Direct, indirect, incidental, consequential, or punitive damages
• Any losses whatsoever arising from your use of the Service

YOU EXPRESSLY AGREE THAT YOU USE THE SERVICE ENTIRELY AT YOUR OWN RISK.

9.2 Complete List of Excluded Liabilities

We are NOT responsible and bear NO liability for losses or damages resulting from or related to:

9.3 NO IMPLIED WARRANTIES

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITH ALL FAULTS AND WITHOUT WARRANTIES OF ANY KIND.

WE EXPLICITLY DISCLAIM ALL WARRANTIES, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING BUT NOT LIMITED TO:

• Warranties of MERCHANTABILITY
• Warranties of FITNESS FOR A PARTICULAR PURPOSE
• Warranties of NON-INFRINGEMENT
• Warranties of ACCURACY, RELIABILITY, or COMPLETENESS
• Warranties of UNINTERRUPTED or ERROR-FREE operation
• Any warranties arising from course of dealing or usage of trade

9.4 Maximum Liability Cap

IN THE UNLIKELY EVENT that we are found liable despite the above exclusions, our TOTAL aggregate liability to you for ANY AND ALL claims shall be strictly limited to the lesser of:

• The Subscription fees you paid to us in the three (3) months immediately preceding the claim, OR
• USD $100 (one hundred US dollars)

This cap applies regardless of the form of action (contract, tort, negligence, strict liability, or otherwise).

9.5 No Liability for Consequential Damages

UNDER NO CIRCUMSTANCES shall we be liable for:

• Lost profits, revenue, or business opportunities
• Loss of data or information
• Loss of goodwill or reputation
• Cost of substitute services or products
• Any indirect, special, incidental, consequential, exemplary, or punitive damages

EVEN IF we have been advised of the possibility of such damages.

9.6 Jurisdictional Limitations

Some jurisdictions do not allow the exclusion or limitation of certain warranties or liabilities. If such laws apply to you, some of the above exclusions or limitations may not apply, but they shall be enforced to the maximum extent permitted by applicable law.

9.7 Essential Basis of Agreement

YOU ACKNOWLEDGE AND AGREE that these limitations of liability are an essential element of the agreement between you and Spectra. We would not provide the Service without these limitations.

11.1 Platform Ownership

All content, software, technology, trademarks, logos, and intellectual property on the Platform are owned by or licensed to Spectra. These Terms do not grant you any ownership rights.

11.2 Limited License

We grant you a limited, non-exclusive, non-transferable, revocable license to access and use the Service for personal, non-commercial purposes in accordance with these Terms.

11.3 Restrictions

You may not:

• Copy, modify, distribute, or create derivative works from the Service
• Remove or alter any proprietary notices or labels
• Use our trademarks or branding without written permission

12.1 Our Right to Suspend or Terminate

We may suspend or terminate your access to the Service at any time, with or without notice, for any reason, including:

• Violation of these Terms
• Suspected fraud, abuse, or illegal activity
• Non-payment of Subscription fees
• Extended inactivity
• At our sole discretion

12.2 Your Right to Terminate

You may terminate your account at any time through the Platform settings or by contacting support. Termination does not entitle you to a refund of any Subscription fees already paid.

12.3 Effect of Termination

Upon termination:

• Your access to the Service will be immediately revoked
• All copy trading activity will cease
• You remain liable for any outstanding fees or obligations
• Sections of these Terms that by their nature should survive termination will continue to apply

13.1 Governing Law

These Terms are governed by and construed in accordance with the laws of the United Arab Emirates, without regard to its conflict of law principles.

13.2 Jurisdiction

Any disputes arising from or relating to these Terms or the Service shall be subject to the exclusive jurisdiction of the courts of Dubai, United Arab Emirates.

13.3 Arbitration

Before initiating any legal proceedings, both parties agree to attempt to resolve disputes through good faith negotiation. If negotiation fails, disputes may be submitted to binding arbitration in Dubai in accordance with the arbitration rules of the Dubai International Arbitration Centre (DIAC).

13.4 Class Action Waiver

You agree that any dispute resolution proceedings will be conducted only on an individual basis and not as a class, consolidated, or representative action. You waive any right to participate in a class action lawsuit or class-wide arbitration.

14.1 Right to Modify

We reserve the right to modify these Terms at any time. We will provide notice of material changes by:

• Posting the updated Terms on the Platform
• Sending notification via email or in-app message
• Updating the "Last Updated" date at the top of this document

14.2 Acceptance of Changes

Your continued use of the Service after changes become effective constitutes your acceptance of the revised Terms. If you do not agree to the changes, you must stop using the Service and terminate your account.

15.1 Entire Agreement

These Terms, together with our Privacy Policy, Refund Policy, Community Guidelines, and EULA, constitute the entire agreement between you and Spectra regarding the Service.

15.2 Severability

If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions will remain in full force and effect.

15.3 Waiver

Our failure to enforce any right or provision of these Terms does not constitute a waiver of that right or provision.

15.4 Assignment

You may not assign or transfer your rights or obligations under these Terms without our prior written consent. We may assign our rights and obligations without restriction.

15.5 No Third-Party Beneficiaries

These Terms do not create any third-party beneficiary rights.

15.6 Force Majeure

We are not liable for any failure or delay in performance due to circumstances beyond our reasonable control, including acts of God, war, terrorism, natural disasters, or government actions.