Risk disclosure

Risk of loss

Trading futures and options involves substantial risk of loss and is not appropriate for all investors. You may lose more than your initial investment. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.

Past performance

Past performance is not necessarily indicative of future results. No representation is made that any account will or is likely to achieve profits or losses similar to those shown.

Hypothetical performance

Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors such as lack of liquidity. Simulated trading programs in general are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

Automated systems

Automated trading systems can experience technical failure, connectivity interruptions, data errors, or extended periods of loss. Systems may be modified, paused, or discontinued, and availability is subject to change.

Role of ELSE Markets

ELSE Markets provides automated futures system research, platform education, technical implementation, and oversight. ELSE Markets does not manage client accounts, does not accept client funds, does not recommend any particular system, and does not guarantee investment performance or any specific result. Supported brokerage accounts are opened in the client's own name.