Last Updated: 23.3.25

The use of trading Tools, Technology and Software is not suitable for all investors and carries great risk. Please carefully read the full Risk Disclaimer below and reach out to hello@omniwavefintech.com if you have any questions or concerns. This document defines the major risks that the Client assumes and accepts by opting to use the OmniWave Technology (“The Technology”). 

Use of Automated and/or Algorithmic Trading Technology

• The Client is solely responsible for ensuring that their participation in the Automated Trading Service, and use of any associated broker services, complies with applicable laws and regulations in their jurisdiction. OmniWave operates under the assumption that the Client is acting in accordance with their legal responsibilities and is not liable for any legal issues resulting from the Client’s non-compliance with local or international laws.

• Trading is complex and carries the risk of substantial losses. It is not suitable for all investors.

• The ability to withstand losses and to adhere to a program in spite of trading losses is a major factor which can affect investor returns.

• The actual percentage gains/losses experienced by investors will vary depending on many factors, including, but not limited to: starting account balances, market behavior, and the duration of investor’s use of specified technology.

• OmniWave provides the technology “as is” and does not provide financial, investment, legal, tax or any other professional advice. OmniWave is not a broker, financial advisor, investment advisor, portfolio manager or tax advisor. Nothing on or in the technology shall constitute or be construed as an offering of any currency or any financial instrument or as investment advice or investment recommendations.

• You agree that using OmniWave’s Automated Trading Technology involves a high degree of risk and that you are fully responsible for any and all outcomes. You expressly agree that you use the technology at your sole risk.

• The content on the website and otherwise provided is impersonal, and is not adapted to any specific client, trader, or business. Therefore OmniWave recommends that you seek professional financial advice prior to making any decisions.

By using the technology, the Client waives any claims or liability against OmniWave and its affiliates, recognizing the risks involved as stated below:

• General Risk of Loss: The Client explicitly understands and accepts that all forms of trading, including spot trading, CFDs, and algorithmic trading, carry substantial risk of loss. The Client is aware that trading can result in the total loss of their investment. The Client assumes sole responsibility for any losses, regardless of cause, and agrees that OmniWave is in no way responsible for any such losses.
• Risk of Algorithmic and Automated Trading: The Client acknowledges that algorithmic and automated trading relies on algorithms that function autonomously, without human intervention. These algorithms are designed based on historical data, but the Client acknowledges that market conditions change and past performance is not a reliable predictor of future success. The Client agrees that OmniWave makes no guarantee, express or implied, regarding the profitability or success of the algorithmic system.
• Trading Contracts for Difference (CFDs): Trading Contracts for Difference (CFDs) carries a high level of risk and may not be suitable for all investors. Before deciding to trade, you should carefully consider your trading objectives, level of experience and risk appetite. It is possible for you to sustain losses that equate to your invested capital and therefore you should not deposit money that you cannot afford to lose.
• Market Volatility and Market Movements Beyond Control: The Client acknowledges that financial markets are subject to extreme volatility, unexpected events, and unpredictable market movements that are beyond OmniWave’s control. The Client fully accepts the risk that sudden price swings, natural disasters, geopolitical events, or other unanticipated occurrences may result in substantial or total losses. OmniWave will not be held liable for any losses resulting from such events.
• Slippage Risk: The Client explicitly understands that slippage (the discrepancy between the expected trade price and the actual executed price) is an inherent risk of algorithmic trading, especially in times of high volatility or low liquidity. The Client agrees that OmniWave bears no responsibility for any adverse slippage, and that the Client assumes full risk and responsibility for any negative slippage effects.
• Liquidity Risk: The Client recognizes that liquidity is a critical factor in the execution of trades, and that insufficient liquidity may prevent the execution of trades or result in significantly worse execution prices. The Client acknowledges that OmniWave cannot be held responsible for any failure to execute trades due to liquidity constraints, and accepts the possibility of significant losses arising from such situations.
• Execution Risk: The Client understands that the execution of trades may not always occur at the desired price due to market conditions, broker limitations, or system delays. OmniWave explicitly disclaims any liability for failures in trade execution, delays, or errors in execution price, and the Client agrees to bear the full responsibility for any such discrepancies.
• Risk of System Failure: The Client understands that OmniWave’s algorithmic trading system is subject to technical failures, bugs, software malfunctions, and system outages. The Client agrees that OmniWave will not be liable for any losses resulting from such failures, and that the Client is solely responsible for any damages or losses incurred due to system disruptions.
• Over-Optimization and Curve Fitting: The Client acknowledges the risk of over-optimization and curve fitting, which occurs when algorithms are excessively tailored to past data, making them ineffective in other market conditions. The Client understands that relying on over-optimized systems may lead to significant financial loss, and OmniWave does not warrant that the technology will perform consistently in all market conditions.
• No Guarantee of Profits or Performance: The Client explicitly acknowledges that OmniWave does not guarantee any profits from the algorithmic trading technology, nor does it guarantee that the system will perform as expected. The Client understands that trading, especially with leveraged or automated strategies, can result in substantial financial losses, including the loss of the entire invested capital. The Client assumes all risks associated with trading and is solely responsible for their decisions and outcomes.
• Margin and Leverage Risks: The Client understands that margin trading involves significant risk, and that using leverage can magnify both potential gains and losses. The Client agrees that OmniWave is not liable for any losses resulting from the use of margin or leverage, including margin calls or forced liquidation of positions. The Client is solely responsible for managing margin requirements and understanding the consequences of using leverage in their trading strategy.
• Force Majeure Events: The Client agrees that OmniWave will not be liable for any losses, damages, or failures in performance caused by events beyond its reasonable control, including but not limited to natural disasters, wars, pandemics, governmental actions, market disruptions, or technical failures.
• Release of Liability: To the maximum extent permitted by applicable law you expressly understand and agree that OmniWace and their respective directors, officers, employees or agents shall not be liable to you for any direct, indirect, incidental, special consequential or exemplary damages which may be incurred by you in connection with your use of the technology, however caused and under any theory of liability including, but not limited to, any loss of profit, lost opportunities, loss of data suffered, or other intangible loss.

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