Risk Disclosure

The EA operates on Contract for Difference (CFD) derivatives with XAU/USD (spot gold) as underlying. CFDs are complex, leveraged, cash-settled products that do not confer ownership of the underlying asset.

In Italy and the European Economic Area, CFDs are subject to ESMA and national-authority product-intervention measures, which cap maximum leverage, mandate negative balance protection and require standardized risk warnings.

The User acknowledges and accepts that use of the EA may result in the partial or total loss of the capital deposited in the MT5 account. Past trades, backtest scenarios, performance published on the dashboard or on social/Discord channels do not constitute, and shall not be construed as, predictions of future results.

Users are advised to invest only sums whose loss would not impair their overall financial situation.

CFD trading is leveraged: small movements in the underlying price may produce amplified positive or negative changes on the margin employed. The applied leverage level is determined by the User’s Broker in accordance with applicable regulation.

Margin calls and automatic stop-out closures may occur without notice, including during EA operation.

Spot gold is an instrument historically characterized by high intra-day volatility, sensitive to macroeconomic, geopolitical and central-bank factors. Significant price movements may occur within short time windows, including outside the EA’s operating hours.

Order execution is the sole responsibility of the Broker. Events such as weekly market open, high-impact news, illiquidity or malfunctions may result in price gaps, slippage relative to the requested level, requotes or inability to close at desired levels. BlackSwan FX does not and cannot guarantee any execution level by the Broker.

EA operation depends on the availability of multiple technology components controlled by third parties: MetaTrader 5 terminal, Broker servers, public network connectivity, the User’s VPS where applicable, hosting infrastructure (e.g. Vercel, Neon, Cloudflare). Malfunctions, unavailability, cyberattacks, software or configuration errors may result in missed execution, delays, erroneous orders or losses. The User fully accepts such risk.

The contractual relationship for opening and holding the trading account is solely between the User and the chosen Broker. BlackSwan FX is not a party to that relationship, does not hold User funds, and is not liable for the Broker’s insolvency, fraud, operational suspensions or restrictions. Users are advised to verify the Broker’s regulatory status and any membership in guarantee schemes (e.g. ICF, FSCS or equivalents).

Published results are based on a limited sample of accounts, under specific market conditions, and may differ significantly from results achievable by the User, even with identical configuration, due to differences in Broker, spread, execution, leverage, time zone, starting capital and timing of activation.

The EA executes deterministic logic based on predefined rules. It cannot predict exceptional market events, price manipulation, feed errors or sudden political and regulatory decisions. The remote kill switch and protection layers (news filter, daily drawdown lock, etc.) reduce but do not eliminate the risks described in this Disclosure.

Historical drawdowns observed on the accounts published on the landing represent the worst value recorded up to the reporting date and may be exceeded in the future. The User is responsible for the choice of capital employed and for assessing the drawdown level sustainable for their financial situation.

The Service is not directed to and is not offered to residents, citizens or entities of the United States of America, nor to persons located in jurisdictions where the supply of the Service requires prior authorizations that BlackSwan FX does not hold, or is otherwise prohibited. It is the User’s responsibility to verify the lawfulness of using the Service in their jurisdiction.

Before activating the EA, the User is invited to honestly assess:

• Knowledge and experience of trading and leveraged derivatives.
• Ability to financially sustain the total loss of the capital employed.
• Emotional tolerance for drawdowns and extended volatility phases.
• Understanding of the BlackSwan FX commercial model and the Profit Share obligations arising under the Terms.

By activating the EA or using the Service in any form, the User declares having read, understood and fully accepted this Disclosure and undertakes any risk arising from the trading activity.