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Fondeobot

Terms and conditions

These conditions govern the use of fondeobot.com and the licensing of the Fondeobot LLC software. Buying means accepting them.

Read them alongside the risk disclosure, which forms part of the information you are given before you buy.

Scope and parties

One party is Fondeobot LLC, whose full details are in the legal notice. The other is the user who buys, referred to below as the client, who confirms being of age and able to enter into a contract.

What is being sold is a licence to use automated trading software, together with the ancillary items listed in the next section.

Fondeobot LLC sells software. It provides no investment services, manages nobody else's capital, runs no portfolios and gives no advice of any kind, financial, investment, tax or legal. It does not receive, hold or move client funds, and it has no access to their money.

What the licence includes

Buying, on either of the two pricing options, covers:

  • the automated trading bot;
  • its installation and configuration;
  • access to the VIP signals channel;
  • the VPS it runs on;
  • technical support;
  • software updates.

Nothing beyond that is included. In particular, it does not cover the cost of the prop firm's evaluation or challenge, the capital the client chooses to put at risk, or any management, monitoring or advisory service over their trades.

Pricing options

There are two, and the client chooses:

  • €1,700 as a single payment.
  • €1,400 plus 30% of the profits.

Both include exactly the same thing. The option chosen, its amount and the specific terms of payment are agreed when you buy; what is published is on the pricing page.

No refunds

The price pays for the software licence and for setting it up, not for a particular outcome.

Failing a prop firm challenge or evaluation gives no right to a refund, in whole or in part, because Fondeobot LLC neither guarantees that outcome nor could guarantee it.

None of this affects the rights that mandatory consumer law gives the client, or the liability of Fondeobot LLC if the software does not conform to what was bought.

In particular, these conditions do not exclude any right of withdrawal that consumer law gives the client.

The account, and the control, stay yours

The bot runs on the client's own trading account. The client keeps control of that account at all times: they can stop the software, change how it is configured, close positions or shut the whole thing down whenever they want.

It follows that the decisions about what capital to commit, in which account and for how long are the client's, and that the trades executed are executed in their account and on their own account.

Your obligations

  • Give accurate, current details for the purchase and the installation.
  • Keep your own credentials and those of your trading account safe, and do not share them with anyone.
  • Use the software only on your own account and for your own use, without assigning, sharing, reselling, renting or distributing it.
  • Do not pass on or resell what is published in the VIP signals channel, access to which is personal.
  • Do not decompile the software or reverse engineer it, except where the law expressly allows.
  • Comply with the law that applies to you, tax law included.

Breaking these obligations entitles Fondeobot LLC to suspend or end the licence, with no refund and without prejudice to any other remedy available to it.

Complying with your prop firm's rules

The relationship with the prop firm is strictly between the client and that company. Fondeobot LLC is not a party to it, does not represent it and takes no part in its decisions.

It is for the client, as the account holder, to know and follow their prop firm's rulebook, including its conditions on automated software, and to check before buying that their firm allows it. Each firm sets its own rules, those rules can change, and they are only reliable read at their official source.

Fondeobot LLC is not answerable for the decisions a prop firm takes about a client's account, including suspending, failing or closing an evaluation or funded account.

Limitation of liability

Fondeobot LLC guarantees no financial outcome and no pass of any prop firm evaluation, challenge or phase. Trading leveraged markets carries the risk of loss, as set out in the risk disclosure.

In particular, Fondeobot LLC is not answerable for:

  • losses arising from trading in the client's account;
  • the decisions a prop firm takes about that account;
  • outages or failures attributable to third parties, such as the broker, the prop firm, the VPS provider or the client's own connectivity;
  • use of the software in conditions other than those it was configured for, or after changes made by the client or by anyone else.

None of the above excludes or limits liability that cannot be excluded or limited under applicable law, including liability for wilful misconduct and liability under mandatory consumer law.

Term, changes and termination

The licence is granted for the term agreed when you buy. Fondeobot LLC may change these conditions; the version published at the time of purchase is the one that governs it, and any later change that matters will be communicated to the client.

The software may change through updates, which are part of what was bought. Fondeobot LLC may end the licence if the client is in serious breach of these conditions.

How the personal data tied to the contract is handled is explained in the privacy policy. For anything to do with these conditions, the channel is fondeobot@fondeobot.com.

Governing law

These conditions are governed by the law of the state of Delaware, United States, where Fondeobot LLC is formed.

This is without prejudice to the mandatory rules that apply to clients who are consumers under the law of their country of habitual residence. A consumer resident in Spain keeps the protection those rules give them, and keeps the right to bring proceedings before the courts of their own domicile.