Risk Disclosure

Using Felix to trade, or to run an agent that trades, can result in the loss of some or all of your money. This disclosure describes major risks. It is not exhaustive. If you do not understand a risk, do not trade until you do. Only use funds you can afford to lose entirely.

Felix is a technology provider, not a broker, adviser, or fiduciary. Nothing in the Service, including prices, backtests, AI-generated strategies, previews, or examples, is investment advice or a recommendation. Every decision, and its consequences, is yours.

Markets can move against you quickly and without warning. You can lose your entire balance. Some instruments can lose value faster than you can react, and there is no guarantee you can exit a position at a favorable price, or at all.

Crypto assets and many other instruments are highly volatile. Liquidity can vanish, spreads can widen, and prices can gap. Orders may fill at prices materially different from what you expected, or may not fill.

Leveraged products, including perpetual futures, magnify both gains and losses and can be liquidated, wiping out your position. Funding payments, margin requirements, and liquidations can cause losses that exceed your initial outlay in some venues.

Options can expire worthless, lose value rapidly from time decay and volatility changes, and carry the risk of total loss of the premium. Complex options positions carry additional and potentially unlimited risk.

Blockchain transactions are generally irreversible. You may lose funds due to smart-contract bugs, network congestion or failure, incorrect addresses, bridge or protocol exploits, or changes in protocol rules. On-chain assets are subject to their own technical and market risks.

Prediction-market contracts can resolve to zero. Outcomes depend on events and resolution sources outside our control, and may be disputed, delayed, or resolved in ways you did not expect.

Software you run through Felix, including AI agents, can behave unexpectedly, contain bugs, misinterpret instructions, or trade in ways you did not intend, at machine speed. You are responsible for your agent’s behavior and for setting your own spend caps, position limits, and safeguards. Risk controls we provide are tools, not guarantees.

Felix is non-custodial. Your funds live in a wallet you control. If you lose access to your wallet or keys, your funds may be permanently unrecoverable, and we may be unable to help.

Trades are executed on third-party venues and protocols that can experience outages, errors, price dislocations, settlement failures, or insolvency. We do not control and are not responsible for those third parties, and we do not guarantee execution, timing, or price.

Paper mode is a simulation using real prices but no real money; results do not guarantee live results, and live conditions (slippage, fees, latency, liquidity) will differ. Live mode uses real funds and carries all of the risks above.

Laws and regulations affecting trading, crypto assets, and derivatives vary by jurisdiction and can change. Certain products or features may be restricted where you are. You are solely responsible for determining whether your use is lawful and for all tax consequences.

By using the Service, you acknowledge that you have read and understood this disclosure, that you are trading at your own risk, and that Felix is not liable for your trading losses. See our Terms of Service for the full agreement.