NikForex
User Agreement and Risk Disclosure
1. Service and contacts
NikForex provides subscription access to copying the trades of a selected strategy through an Expert Adviser for MetaTrader 4.
- Service: NikForex
- Official website: nikforex.com
- Support: support@NikForexAdmin.com
- Administrative matters: admin@NikForexAdmin.com
- Backup contact: nikforex.com@gmail.com
If the website or corporate email is unavailable, the user may contact the backup address. The estimated support response time is up to 48 hours.
2. Scope of the service
The user pays for access to trade copying for the period specified in the plan and for the designated trading account. The subscription fee is not a trading account deposit, an investment contribution or insurance against losses.
Trading funds remain in the user's account with their broker. NikForex does not hold these funds in custody and does not guarantee their return by the broker.
3. Automatic execution of trades
The user independently selects the strategy, account and copying settings. Once the Expert Adviser is running with the appropriate permissions, trades may be executed automatically without separate confirmation of each trade.
Copying is enabled by default in the SET file provided by the service. Before starting, the user must check the account, volume multiplier and other settings.
4. Trading risks and absence of guarantees
Trading in financial markets involves a risk of partial or total loss of funds. Leverage may increase losses.
NikForex does not guarantee:
- profit or a particular rate of return;
- preservation of the balance or trading capital;
- the absence of losing trades;
- compliance with a particular maximum drawdown;
- repetition of past results in the future.
Historical returns and drawdowns describe past results and do not limit future risk. The user independently assesses the suitability of a strategy and assumes the risks of their trading decisions and settings.
5. Differences in results and technical risks
The user's results may differ from those of the master account due to broker conditions, quotes, spreads, fees, slippage, account size, settings and communication delays.
Signals may be missed, orders rejected or partially executed, and the terminal, server, internet connection or third-party services may be interrupted. NikForex does not guarantee an uninterrupted connection or execution of every trade at the master account's price.
The user must monitor their account and be able to manage positions independently through the broker.
6. Liability
To the extent permitted by applicable law, NikForex is not liable for trading losses or lost profits caused by market fluctuations, the user's decisions or selected settings, or circumstances beyond the service's control.
A negative trading result alone does not mean that access to the service was improperly provided.
These provisions do not exclude liability for an intentional breach of obligations or other liability that cannot be excluded or limited by law. Acceptance of trading risk does not deprive the user of mandatory statutory rights.
7. Payment, access period and refund requests
The price, duration and terms of the plan are displayed before payment. Access is activated after payment confirmation has been verified. To renew, the user makes another payment; this arrangement does not involve automatic charges.
The payment provider may apply its own fees, conversion rules and processing times, which should be checked before confirming payment.
A trading loss alone is not grounds for a refund of a fee for access properly provided. Support accepts requests concerning duplicate or erroneous payments and access that was paid for but not provided. Mandatory rights to withdraw from a contract or receive a refund under applicable law remain unaffected.
8. Stopping copying
Disabling the Expert Adviser or copying does not, by itself, close open positions. Users should also not rely on positions closing automatically when the subscription expires or the connection is lost.
Monitoring and, where necessary, closing these positions remain the user's responsibility.
9. Access security
The user provides accurate registration details and connects accounts they are entitled to use.
The account password, Expert Adviser key and personal SET file must be kept confidential. Sharing them with others is prohibited. Suspected unauthorised access must be reported to support.
Access may be temporarily restricted to protect the account or in the event of a breach of these terms. Such a restriction does not cancel the user's statutory rights.
10. Communications and personal data
The service processes the contact, account and technical data necessary to operate the user account, process payments, provide access and offer support. Detailed processing procedures are to be defined in a separate Privacy Policy.
The user receives service messages about registration, payment, access, security and necessary updates. Registration and payment emails are sent in the language selected on the website, or in English if that information is unavailable.
News is sent only with separate, voluntary consent. Users may unsubscribe. News and general service update announcements are sent in English.
11. Changes to terms and handling requests
Each edition of the agreement has its own version and date. Users are notified of material changes in advance; where separate acceptance is required, it is requested again.
New editions do not apply retroactively to completed operations. A price change does not change the price of a period already paid for.
Requests and complaints may be sent to the contact addresses listed above. Contacting support does not restrict the user's right to other remedies provided by law.