Risk Disclosure

LAST UPDATED: SEPTEMBER 9, 2026 · THIS DOCUMENT FORMS PART OF THE TERMS OF SALE

Trading CFDs, foreign exchange and precious metals on margin carries a high level of risk and may not be suitable for all investors. Leverage magnifies both gains and losses; you can lose more than your initial deposit. Do not trade with money you cannot afford to lose.

1. Software only — no advice, no guarantees

BlackArbitrage provides software tools and market data. We are not a broker, investment adviser or fund manager; we do not manage accounts, handle funds or give investment advice. No product we sell guarantees profits, and we never represent that it does. Every trading decision — including whether to run the software at all, on which broker, with which settings and which position sizes — is yours alone, and its consequences are yours alone.

2. No responsibility for trading losses

To the maximum extent permitted by law, we accept no responsibility or liability for any trading losses, missed profits or other damages incurred while using — or attempting to use — our software or data, regardless of configuration, market conditions or broker behaviour. See also Section 9 of the Terms of Sale.

3. Simulated results and their limits

Performance figures published for Black System are simulated backtest results. They include commissions, swaps, execution delay and slippage emulation, but simulations have inherent limits, which the full validation report states openly:

All modules trade a single instrument (XAUUSD); in a stress event they can lose together.
Costs reflect one broker; spreads, swaps and commissions differ across venues and change over time.
Part of the historical data is generated from M1 bars rather than real ticks.
Simulations cannot reproduce liquidity effects, requotes or broker-side latency under stress.

Past performance — real or simulated — is not indicative of future results. Hypothetical results are generally prepared with the benefit of hindsight and no financial risk, and frequently differ sharply from results later achieved in live trading.

4. Demo verification ≠ future profitability

We offer every prospective buyer a demonstration of the software on a demo account before purchase. This demonstrates that the software installs, runs and executes its logic as described — nothing more. Demo accounts do not replicate live conditions (liquidity, slippage, requotes, execution latency), and a functioning demonstration is not a promise, prediction or indication of future trading results on a live account.

5. Latency arbitrage and broker restrictions

Latency-sensitive strategies exploit price update delays. Many brokers contractually prohibit such trading and may cancel profits, freeze withdrawals or close accounts if they detect it. Reviewing and complying with your broker's terms is exclusively your responsibility; we accept no liability for any action a broker takes against your account.

6. Technical and operational risk

Automated trading depends on infrastructure you control: VPS, connectivity, platform stability, correct configuration. Outages, disconnections, misconfiguration or feed interruptions can cause losses, including on positions left open. Data feeds are provided on a best-effort basis with no guarantee of continuity or accuracy.

7. Regulatory suitability

Laws on leveraged trading and automated systems vary by country. It is your responsibility to ensure that purchasing and using our products is lawful where you live. Our products are intended for adults (18+) who understand the risks described here.

By purchasing, you confirm that you have read and understood this Risk Disclosure, that you had the opportunity to verify the software on a demo account before buying, and that you accept full and exclusive responsibility for your trading results.