Disclaimer
Trading in financial products, in particular leveraged products such as derivatives, foreign exchange, futures, options, etc., and other investments can lead to the total loss of the entire investment capital! For some products there is even an obligation to make additional payments. There the loss can exceed the amount of the total investment capital. We would like to point out that it is up to you to deal with these risks in detail. These stores are not for everyone!
The use of an internet-based trading system to carry out transactions is associated with risks. Failure in hardware, software, and Internet connections can cause damage. Trade Wizards cannot accept any responsibility for interruptions or delays in communication over the Internet. No responsibility can be assumed for the reliability of the hardware used. We ask everyone to inform themselves carefully about the risks before using electronic and internet-based trading systems.
The execution of trading orders, so-called orders, is the sole responsibility of the broker who provides the trading account. The broker also provides the trading platform. Trade Wizards has no influence here. In particular, no influence can be exerted on the trade execution, which is why no liability can be assumed for this.
The same applies to the use of automatic trading systems and Expert Advisors. These partially or fully automatic trading systems can only be used to support trading. Trading in these products entails great risks and, among other things, there may be a high trading frequency. It is not always possible to influence the position size before an order is executed. They are in no way used to take trading decisions or to exercise an advisory function. They are not a substitute for the user’s obligation to pay attention. From a historical performance, which was achieved with an automatic trading program, no conclusions can be drawn about future earnings. In particular, it should be understood that the use of automated trading programs can result in damage due to hardware or software failure. Trade Wizards cannot accept any responsibility for these cases. Hypothetical performance outcomes have many inherent limitations, some of which are described below. The results of the account shown can vary widely in terms of profits and losses. One of the limitations of the hypothetical results is that they were derived from known historical data. In addition, hypothetical trading involves no financial risk – no hypothetical track record can represent the financial risks of actual trading. For example, there is the possibility that trading will be suspended or canceled in the event of losses, this can change the actual results significantly. Furthermore, there are numerous other factors that cannot be fully taken into account in the hypothetical performance when implementing a trading program and thus can influence the actual results.
Claims for compensation by the user against the provider are excluded regardless of the legal basis. An exception only arises if the provider or his vicarious agents have acted willfully or with gross negligence and essential contractual obligations have been violated. Essential contractual obligations are obligations that protect the legal position of the user, which is essential to the contract and which the contract has to grant him according to its content and purpose. In addition, contractual obligations are essential, the fulfillment of which made the proper execution of the contract possible in the first place and the observance of which the contractual partner trusted and was allowed to trust. In the event of a breach of an essential contractual obligation, the compensation is limited to the typical and foreseeable damage. Liability for damage that does not result from the subject of the contract is excluded. Liability for indirect or consequential damage is also excluded.
