Risk Disclosure

Trading through Felix can result in the rapid and permanent loss of some or all funds you allocate. This disclosure summarizes material risks but cannot identify every risk. Do not use live mode with funds you cannot afford to lose entirely. If you do not understand a product, strategy, transaction, or authority grant, do not approve it.

Felix is software, not investment, legal, tax, or accounting advice. Prices, research, signals, backtests, generated strategies, previews, alerts, and examples are not recommendations or guarantees. Felix does not evaluate whether a trade is suitable for you and does not act as your fiduciary.

Prices can move suddenly; spreads can widen; liquidity can disappear; markets can halt; and an order can fill partially, at a worse price, or not at all. Small, new, event-driven, or thinly traded instruments can be especially unstable. A quoted, marked, or displayed value may not be realizable.

Perpetual futures and other leveraged products magnify gains and losses. Margin rules, funding payments, oracle prices, and venue liquidation engines can close a position before a Felix stop or agent reacts. A withdrawal or another position can reduce collateral backing and increase effective leverage. Losses may exceed the amount you expected to risk where a venue’s rules permit it.

Options may expire worthless and can change value rapidly because of time decay, volatility, liquidity, and the underlying price. Complex or short options positions may create losses far greater than premium received. Settlement, exercise, expiry, and collateral rules differ by venue.

Prediction contracts can resolve to zero. Resolution sources may be delayed, disputed, ambiguous, changed, or interpreted differently from your expectation. A resolved position may require on-chain redemption and may not remain sellable on an order book. Fast markets can have high fees, wide spreads, and limited time to recover from an error.

An autonomous agent can repeat an error at machine speed. It may misread data, act on stale or manipulated inputs, misunderstand instructions, stack correlated exposure, overtrade, or continue while unattended. Prompts and external content may attempt to manipulate an AI system. Caps, previews, validation, exit plans, and kill switches reduce selected risks but can fail, lag, or be unavailable and are not guarantees.

AI systems can hallucinate facts, tools, market symbols, fees, balances, and causal explanations. Output can vary between runs and can reflect stale or incomplete context. An AI operator may use the wrong account, venue, mode, direction, amount, or recovery step. You are responsible for independent review and for keeping irreversible authority outside an untrusted model.

Backtests are hypothetical. They may contain selection bias, survivorship bias, look-ahead bias, missing data, bad marks, unrealistic fill assumptions, or insufficient samples. Past or simulated performance does not predict future results. A degraded, zero-trade, or statistically weak test is not evidence of safety or profitability.

Networks fail. An API timeout does not prove that an order or transfer failed. Retrying with a new idempotency key can duplicate exposure. Venue acknowledgements, fills, blockchain confirmations, bridges, and balance indexes become final at different times. Felix may temporarily report an operation as pending or unavailable while it reconciles authoritative state. High-frequency or time-sensitive strategies may be unsuitable for this latency profile.

Anyone with your owner private key, seed phrase, unlocked device, or certain credentials may be able to authorize activity or take funds. Lost owner keys may make funds permanently inaccessible. Felix cannot reset a blockchain key or reverse a valid transaction. API keys must be scoped and protected even though they are not owner private keys.

Felix may use an attested signing system for owner-authorized, capped, allowlisted activity. A bug, compromised dependency, incorrect allowlist, policy mismatch, attestation failure, implementation defect, or operational compromise may cause a valid action to be rejected or an unintended action to be attempted. On-chain and server-side controls are defense in depth, not proof that loss is impossible.

Safe contracts, Felix policy modules, venue contracts, token contracts, bridges, relayers, and other protocols can have vulnerabilities, governance changes, admin-key risk, or economic exploits. Networks can congest, reorganize, fork, halt, censor, or change fees. Stablecoins can depeg, freeze addresses, or become non-redeemable. Contract approvals can survive after an agent or API key is stopped unless separately revoked.

Felix relies on venues, market makers, liquidity providers, data sources, RPC providers, bridges, cloud services, and AI providers. A third party can be hacked, insolvent, unavailable, inaccurate, slow, or legally restricted. It may freeze an account, change rules, reject a withdrawal, or fail to return funds. Felix does not control or insure these parties.

Felix, your device, a provider, or a software dependency may suffer unauthorized access, malware, credential theft, denial of service, data corruption, or supply-chain compromise. Such an incident can interrupt trading or withdrawals, expose personal information, corrupt reporting, or cause unauthorized activity within available authority. Encryption, monitoring, attestation, rate limits, and emergency controls reduce but do not eliminate these risks.

Felix, venue, bridge, network, funding, spread, slippage, and withdrawal costs can consume a significant share of a small account. Moving funds between venues can require multiple transactions and fixed costs. A profitable trade can still produce a net loss after all costs. Preview available fees and route economics before committing.

Laws governing digital assets, derivatives, prediction markets, autonomous agents, sanctions, tax, and money movement vary and can change quickly. A venue available technically may not be lawful for you. Regulators, networks, issuers, or venues may restrict, freeze, delay, or require information about activity. You are responsible for legal eligibility, reporting, and taxes.

Felix balances are not bank deposits and are not FDIC or SIPC insured. Felix does not guarantee reimbursement for trading loss, key loss, unauthorized activity, protocol failure, provider breach, or a Felix security incident. Recovery may be impossible even when Felix and the user act promptly.

By affirmatively accepting the Terms, enabling live authority, depositing funds, or deploying a live agent, you acknowledge that you understand these risks and accept responsibility for the activity you authorize. The limitation of liability in the Terms of Service applies subject to non-waivable law. For the exact signing boundary, read the Custody & Authority Notice.