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Nexbitra

Legal

Risk disclosure

What simulated trading is, what it is not, and the risks of the products it imitates.

Version
draft-0
Last updated
Draft, pending counsel review. This text is a working draft and is not yet legal advice or a final agreement.

Simulated accounts

All Nexbitra accounts are simulated, including funded accounts. Account sizes are virtual and are not capital provided to you. No order is sent to an exchange on your behalf. Your fee pays for an evaluation service, and you can lose the whole fee.

Leveraged crypto derivatives

The service imitates trading in crypto perpetual futures with leverage. In real markets these products carry a high risk of rapid loss, and prices can move sharply at any hour of any day. Nothing in the service suggests that trading such products with real money is suitable for you.

Hypothetical performance

Results in a simulated account are hypothetical and have inherent limitations. Unlike an actual performance record, they do not represent actual trading. Because the trades are not executed, the results may under- or over-compensate for market factors such as lack of liquidity. No representation is made that any account will or is likely to achieve results similar to those shown, and past simulated results do not predict future results.

How the simulation can differ from a market

Fills are simulated against the live order book of one exchange and prices come from a composite of several exchanges. A real order of the same size could fill at different prices, or not at all. Market data can be delayed or interrupted; when it is, trading on the affected symbol pauses.

Rewards

Rewards on funded accounts are performance rewards under the trader agreement. They are not trading profits from real capital, and no reward or income is promised. A reward request is reviewed against the rules before it is paid.

No advice

Nexbitra is not a broker, exchange, investment adviser or financial institution. Nothing in the service is investment advice or an offer to buy or sell any asset.

Change log

  1. draft-0First draft, written for counsel review.