Risk Disclosure

This Risk Disclosure statement is provided by Tickfills Inc. ("Tickfills") to ensure that you understand the risks associated with using our trade-copying platform and with options trading in general. Please read this document carefully before using our service.

1. Options Trading Risks

Options are complex financial instruments that carry a high degree of risk. Key risks include:

• Total loss of premium: Options can expire worthless, resulting in the complete loss of your investment
• Leverage risk: Options provide leveraged exposure, meaning losses can accumulate rapidly and may exceed your initial investment in certain strategies
• Time decay: Options lose value as they approach expiration, regardless of the movement of the underlying asset
• Volatility risk: Changes in implied volatility can significantly impact option prices, independent of the underlying asset's price movement
• Liquidity risk: Some options may have limited liquidity, resulting in wider bid-ask spreads and difficulty exiting positions at favorable prices
• Assignment risk: If you sell options, you may be assigned at any time, requiring you to buy or sell the underlying asset at the strike price

2. Trade Copying Risks

Using Tickfills to copy trades from other users introduces additional risks beyond standard options trading:

• Execution differences: Your trades may be filled at different prices than the trader you follow due to market movement, order queue position, and execution timing. Even sub-second delays can result in materially different fill prices, especially in volatile markets
• Slippage: If many followers are copying the same trade simultaneously, increased order volume may move the market, resulting in worse fills for followers
• Position sizing differences: Your configured position sizes and risk limits may result in different exposure relative to the trader you follow
• Partial fills: Your order may be partially filled or not filled at all due to available liquidity at the time of execution
• Technical failures: System outages, API failures, internet connectivity issues, or brokerage downtime may prevent trades from being executed or may delay execution
• Trader behavior: Traders on the platform may change their strategy, take on more risk, or stop trading without notice

3. Past Performance

Past performance is not indicative of future results. The performance statistics displayed on the Tickfills platform, including win rates, average returns, and total P&L, are based on historical data and do not guarantee that a trader will achieve similar results in the future.

Market conditions change, strategies that worked in the past may fail in the future, and individual trader performance can vary significantly over time.

4. Not Financial Advice

Tickfills is a technology platform, not a registered investment advisor, broker-dealer, or financial planner. The information provided on our platform, including trader statistics and trade history, is for informational purposes only and should not be construed as financial advice.

The decision to follow a trader and allow trades to be executed in your account is solely your responsibility. We strongly recommend consulting with a qualified financial advisor before using our service.

5. Brokerage and Regulatory Risks

• Brokerage risk: Tickfills relies on third-party brokerage APIs to execute trades. Changes to these APIs, service disruptions, or policy changes by the brokerage may affect the platform's ability to execute trades
• Regulatory risk: Securities regulations may change in ways that affect the legality or operation of trade-copying services. Tickfills is not responsible for regulatory changes that may impact the service
• Account restrictions: Your brokerage may impose trading restrictions, margin requirements, or other limitations that may prevent trades from being executed

6. Risk Management Limitations

While Tickfills provides risk management tools (position size limits, daily loss limits, per-trader allocation caps), these tools have limitations:

• Risk limits are enforced on a best-effort basis and may not function during system outages or extreme market conditions
• Gap risk and overnight moves can cause losses that exceed your configured daily loss limit
• Risk limits apply to individual trades and may not account for correlated positions across multiple traders
• You are solely responsible for setting appropriate risk limits for your financial situation

7. Tax Implications

Trading options has tax implications. Frequent trading may result in short-term capital gains, which are taxed at higher rates than long-term gains. You are responsible for understanding and complying with all applicable tax laws. We recommend consulting with a tax professional.

8. Your Responsibilities

By using Tickfills, you acknowledge that:

• You understand the risks of options trading and trade copying as described in this document
• You are trading with funds you can afford to lose
• You have sufficient knowledge and experience to evaluate the risks of the trades being executed in your account
• You are solely responsible for your investment decisions and the configuration of your risk limits
• You will monitor your account and open positions regularly
• You understand that Tickfills does not guarantee any specific returns or outcomes

9. Contact

If you have questions about this Risk Disclosure, contact us at:
hello@tickfills.com