Risk Disclosure

01Trading is genuinely high-risk

Buying and selling currencies, CFDs and other leveraged products is high-risk. Trading on borrowed margin scales the result in both directions, so a position can move against you faster than an unleveraged one would. Weigh up your goals, your experience and how much loss you could absorb before switching X Capital on, and only ever commit money whose total loss would not harm you.

02No outcome is promised

X Capital places trades automatically; it does not promise a result. Any figures we show, live or modelled, reflect a single account over a particular stretch of time under the market conditions that happened to exist then. What the engine does afterwards can look completely different, including periods where the account loses money or is lost in full.

03We are not your adviser

X Capital is not an adviser, a fund manager or a broker, and nothing we publish, send or generate is a recommendation to trade any instrument. Every decision to put capital to work is yours alone. We urge you to speak with an independent, properly licensed adviser before committing funds.

04Software and execution failures

X Capital is software, and software can fail. The things that can go wrong include:

• Server outages, dropped connections, or a broker's API going down
• Delay between a signal being produced and the order actually filling
• Coding faults that make the engine behave in ways it should not
• A fill landing at a worse price than intended (slippage)
• Markets moving in ways the strategy was never built for, such as violent swings, price gaps or thin liquidity
• Rejections, requotes or limits applied by your broker

You accept that losses caused by events of this kind are not X Capital's responsibility.

05What leverage does

Currency trading is normally done on margin supplied by your broker. Because leverage magnifies profit and loss alike, even a modest move the wrong way can erase a large share of your balance, and, if your broker permits negative balances, take you below zero.

06The account stays yours

Your broker account, and the money in it, stay entirely under your control. That makes you the one responsible for:

• Keeping enough margin in the account
• Watching your open positions and the account's health
• Choosing a broker that is sound and correctly licensed where you live
• Setting any broker-level risk limits you want in place
• Protecting your broker login details

X Capital places trades over an API connection only. We have no ability to withdraw, move or reconfigure anything beyond executing trades.

07Use risk capital only

Trade only with money you could lose in full without it touching your way of life, your security or your commitments. Currency trading has no place funding a pension, an emergency reserve or anything you depend on day to day. If a complete loss would put you under financial strain, X Capital is not for you.

08How we charge

X Capital charges in one of two ways, depending on when you joined. Clients on profit share pay 20% of the profit from closed trades, and nothing if there is no profit. For clients on our partner broker it is deducted automatically from the trading account at the end of each month or on withdrawal from X Capital; clients connected before our current broker partnership are invoiced. Existing members on our fixed monthly plans pay a monthly software subscription set by the connected account's size, currently ranging from £49.99 to £999.99 per calendar month, with no performance fee. Separately, X Capital may receive a volume-based rebate from the broker; this is paid by the broker and is not deducted from your account. Fees already due are non-refundable except where the law requires otherwise.

09Beta and early releases

While any part of the platform is in beta, early access or any stage before full release, expect more frequent changes, interruptions or shifts in behaviour. Early-stage features are offered as they are, with no assurance that they are fit for trading real money. Running them with live capital is entirely at your own risk.

10Our regulatory position

X Capital is not a licensed financial firm. We do not hold client money, we are not a broker or a counterparty, and we provide no financial intermediation. You trade through a broker you choose yourself; that relationship sits under the broker's own contract and the rules of the broker's own regulator.

11Tax is on you

Gains or losses from your trading may be taxable where you live. Understanding and meeting those obligations is your responsibility. X Capital does not give tax advice.

12Your confirmation

By connecting X Capital you confirm that you have read and understood this notice and that you take full responsibility for how your trading turns out. If any part of it is unclear or unacceptable to you, do not use the platform.