> For the complete documentation index, see [llms.txt](https://trada-llc.gitbook.io/trada-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://trada-llc.gitbook.io/trada-docs/reference/legal.md).

# Risk disclaimer & legal

## Trading carries risk

Trading foreign exchange, CFDs, and futures carries a significant risk of loss and is not suitable for everyone. You can lose some or all of your capital. Past performance is not an indicator of future results. Nothing in Trada or in this documentation is a promise or projection of any financial outcome.

## What Trada is

Trada is **software** — trade-copier and journaling infrastructure. It connects to trading accounts you already hold, copies trades between them according to the rules you configure, and records them for review.

* **Trada is not a broker.** It does not hold your funds or execute trades on its own venue.
* **Trada is not an investment adviser.** It provides no trade signals, recommendations, or advice. Every trading decision and its consequences are yours.
* **You retain responsibility.** You are responsible for your accounts, your configuration, and the trades placed through them, including compliance with the rules and terms of service of your brokers and prop firms.

## Automated actions

Features such as risk protection and the global controls can close positions automatically based on the thresholds and settings you choose — including closing live positions at market, which can realise losses. Review your configuration carefully. Trada executes the rules you set; it does not judge whether they are appropriate for you.

## Illustrative data

Screens and examples in this documentation use illustrative sample data, not real accounts, and do not represent any actual or expected result.

## Your agreements

Your use of Trada is governed by its Terms of Service and Privacy Policy. Where those documents and this page differ, those documents control.

## Related

* [Plans & billing](/trada-docs/plans-and-billing/plans-billing.md)
* [Conventions](/trada-docs/reference/conventions.md)


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