Risk Disclaimer

Educational purpose only

All content, courses, articles, examples, tools and research outputs provided by Quantzivo ("Quantzivo", "we", "us" or "our") are intended for educational and informational purposes only. Examples of strategies, indicators, code and results are used to explain concepts and methods. They are not recommendations and are not presented as strategies you should use with real money.

Not investment, financial, tax or legal advice

Nothing provided through Quantzivo Academy, Quantzivo Studio, Quantzivo AI, this website or our communications is investment, financial, tax, legal or other professional advice. Nothing is an offer, solicitation or recommendation to buy, sell or hold any security, derivative, cryptocurrency or other financial product, or to follow any trading strategy. Our content does not take your personal objectives, financial situation or needs into account.

Not a broker or investment adviser

Quantzivo is not a broker-dealer, investment adviser, portfolio manager or financial planner. We do not hold client funds, execute trades on your behalf or manage investments. Any paper trading feature is a simulation and does not place real orders.

Trading and investment risks

Trading and investing involve substantial risk and are not suitable for everyone. Risks include, among others:

• Loss of capital: you can lose some or all of the money you invest.
• Leverage and margin: borrowing magnifies both gains and losses and can lead to losses greater than your initial deposit.
• Derivatives: options, futures and similar instruments are complex, can move sharply and may expire worthless or require additional funds.
• Volatility and gaps: prices can move quickly or jump between trading sessions, so stop orders may not limit losses as intended.
• Liquidity: you may not be able to buy or sell at the price or size you want.
• Costs: commissions, spreads, financing charges, slippage and taxes all reduce returns.
• Technology and operational risk: software bugs, data errors, connectivity problems and outages can cause unexpected results, especially in automated strategies.

Only trade with money you can afford to lose, and make sure you understand an instrument before you trade it.

Hypothetical, backtested and simulated performance

Backtests, simulations, paper trading results and illustrative examples are hypothetical. They do not represent actual trading and have inherent limitations, including:

• Hindsight: they are designed or adjusted with the benefit of knowing what happened in the past.
• Overfitting: rules and parameters can be tuned to fit historical noise and fail on new data.
• Data quality: historical data may contain errors, gaps or survivorship bias, or be adjusted in ways that were not known at the time.
• Look-ahead bias: a test may accidentally use information that was not available when a decision would have been made.
• Execution assumptions: simulated fills usually ignore or underestimate slippage, spreads, partial fills, market impact and delays.
• Costs and constraints: fees, financing, taxes, borrowing limits and capital constraints may be simplified or left out.
• Changing markets: market conditions, regulations and participant behavior change, so past relationships may not persist.
• No real risk: simulated trading involves no financial or emotional pressure, which affects real decisions.

Past performance, whether actual or simulated, does not indicate or guarantee future results.

AI-generated content

Quantzivo AI and other AI-assisted features are designed to explain and summarize information. AI-generated content:

• may be inaccurate, incomplete, outdated or presented with more confidence than is warranted;
• may misinterpret context, tone or the meaning of news, filings and data;
• may reflect biases or gaps in the data the models were trained on or given;
• is not a forecast, signal or recommendation.

Always verify AI output against original sources before relying on it, and apply your own judgment.

Market data

Market data, prices, news and other information shown in our Services may come from third parties. It may be delayed, incomplete or inaccurate, and it may differ from data provided by your broker or exchange. We do not guarantee the accuracy, completeness or timeliness of any data and are not responsible for decisions made using it.

Paper trading differs from live trading

Paper trading uses virtual money to simulate trades. Simulated orders are filled using assumptions that may not match how real orders would be executed. Real trading involves execution delays, partial fills, liquidity limits, costs and psychological pressure that a simulation cannot reproduce. Results from paper trading should not be expected in live markets.

Your responsibility

You are solely responsible for your investment and trading decisions and their results. Before making any financial decision, consider your objectives, experience, financial situation and tolerance for risk, and seek advice from a suitably licensed and qualified professional who can assess your individual circumstances.

No guarantees

Quantzivo makes no promise or guarantee of profits, returns, accuracy or any particular outcome from using our courses, tools or research outputs. Completing a course or certificate does not make you a licensed professional or qualify you to provide financial advice to others. To the fullest extent permitted by law, Quantzivo is not liable for any losses arising from your use of our content or Services. See our Terms of Use for more information.

Questions

If you have questions about this Risk Disclaimer, please reach us through the contact page.