Each time you use the website, the current version of the Terms and Conditions will apply.
The term Orderbook or “us” or “we” refers to the owner of the website whose. The term “you” refers to the user or viewer of our website.
Orderbook is proud to provide You with the ability to interact, follow and copy other traders by using information made available on our websites and/or copy trading platforms. Such copy trading features include but are not limited to our community, “follow”, “copy” and/or “copytrader” traders rankings, “featured users” and/or any advanced search options etc. (collectively, “Copy Trading Features ”). However, We note that Copy Trading Features are associated with various risks and You are urged to carefully read and consider the following risks before utilizing our Copy Trading Features:
Automated trading execution whereby trades are opened and closed in your account without your manual intervention.
Orderbook’s services is contingent upon Your decisions to Copy a specific trader or traders and/or follow a particular strategy. In making such decisions, You have considered your entire financial situation including financial commitments and you understand that using Social Trading Features is highly speculative and that you could sustain significant losses exceeding the amount used to copy a trader or traders.
All performance claims found on Orderbook about trading systems or strategies must be regarded as hypothetical. Use of Orderbook to offer or subscribe to a trading system or strategy indicates you agree to our Terms and Conditions. Before using any systems or strategies listed on Orderbook you should be aware that there is often a vast difference between hypothetical results and real-life trading results achievable in a real brokerage account, and real-live results are almost always vastly worse than hypothetical results. Performance results for systems and strategies listed on Orderbook do not take into account fees, spreads and/or trading commissions that may be charged by your broker. Please consult with your broker for information on these costs.
Trading is never without risk and you are urged to carefully read and consider the following before utilizing any or all of our services:
(a) No aspect of the Site is intended to provide, or should be construed as providing, any investment, tax or other financial related advice of any kind. You should not consider any content on the Site to be a substitute for professional financial advice. While individual participants may offer investment advice or opinions and/or effect a transaction which may be subsequently copied by another trader, such advice, opinions, or trades amount to nothing more than exchanges between persons who may be anonymous or unidentifiable or simply the execution of a trade by such traders. Orderbook does not provide investment advice directly, indirectly, implicitly, or in any manner whatsoever by making such information and/or features available to you. You should use any information gathered from here and/or utilize the Orderbook features only as a starting point for your own independent research.
(b) The Site, Services, and Orderbook features are provided by Orderbook solely for informational purposes. Orderbook and/or any on its behalf, including its affiliates and their employees and agents are not investment or financial advisers. ANY INVESTMENT DECISIONS YOU MAY MAKE IN RELIANCE ON INFORMATION WHICH IS AVAILABLE ON OUR WEBSITE OR AS A RESULT OF THE USE OF THE Orderbook TRADING FEATURES, ARE AT YOUR OWN RISK AND Orderbook, AND ITS PARTNERS, AFFILIATES, EMPLOYEES AND AGENTS WILL NOT BE LIABLE FOR ANY LOSSES THAT YOU MAY SUSTAIN. YOU ARE SOLELY AND EXCLUSIVELY RESPONSIBLE FOR DETERMINING WHETHER ANY INVESTMENT, OR STRATEGY, OR ANY OTHER PRODUCT OR SERVICE IS APPROPRIATE OR SUITABLE FOR YOU BASED ON YOUR INVESTMENT OBJECTIVES AND PERSONAL AND FINANCIAL SITUATION.
(c) If you choose to copy specific traders and/or trades and/or to engage in transactions based on content on the Site, then such decision and transactions and any consequences flowing therefrom are your sole responsibility.
(d) A copied trader positions will be copied with the same proportional amounts, to the maximum extent possible. All such positions will be closed automatically if and when closed by the copied trader, without providing any further notice and without any action on your part.
(e) You may achieve a materially different result than the Orderbook system that you followed, especially if you place additional trades in your account or you modify or cancel an order generated by the Orderbook system.
(f) Fifo accounts are not supported.
(g) Any past performance indicated on this Site is not indicative of future results. Anyone investing should be able and prepared to bear a loss of his or her entire investment. You are fully responsible for any losses you may sustain as a result of our automatic execution of instructions generated as a result of the utilization of any of the Orderbook trading Features.
Any comments/opinions or market advice found on the website are not necessarily the opinions of Orderbook or its affiliates and should not be construed as a solicitation or recommendation. The comments/opinions are not reviewed or researched by Orderbook or its affiliates. If you chose to make decisions or place trades based upon the comments, you are doing so at your own risk. Orderbook and its affiliates are not responsible for any losses incurred due to the use of the content on orderbook.finance.
You must be 18 years of age or older to use the website. You represent and warrant that you are 18 years of age or older and are fully able and competent to enter into, and abide by, the contract created by the Terms and Conditions.
To the maximum extent permitted by applicable law, in no event shall Orderbook, its affiliates, or their respective officers, directors, shareholders, employees and agents be liable for any damages, liability, claims, expenses and costs, incurred by you as a result of your use of the site or the information. Without limitation, they shall not be liable for any lost profits, lost savings or any consequential, incidental, direct, indirect, special, punitive or other damages whatsoever, including, without limitation, damages for loss of business profits, business interruption, loss of business information, costs associated with recreating lost data, the cost of any substitute program or other pecuniary loss, arising out of this agreement or the use of or inability to use the site or the information, whether resulting from impaired or lost data, or any other cause, even if Orderbook has been advised of the possibility of such damages.
You agree to protect and fully compensate Orderbook and their affiliates from any and all third party claims, liability, damages, expenses and costs, including, but not limited to, reasonable attorneys fees, caused by or arising from your use of the service, your violation of these terms or your infringement, or infringement by any other user of your account, of any intellectual property or other right of anyone.
Orderbook is not providing exchange, investment, tax or legal advice, acting as a fiduciary or endorsing any company, property, product, service, exchange, security, instrument, or any other matter by posting any participant submitted information on the website.
Orderbook is not disposing analysis, exchange, trading, brokers, or investment advisory services on this website. We do not purport to tell people, or suggest to people what they should buy or sell for themselves or who can guide them so. Neither Orderbook nor anyone affiliated with Orderbook is responsible for any exchange, trading, or investment decision made by participants on the basis of using this website. Participants should always read the corresponding prospectus and other relevant material, check with their licensed financial advisor and their tax advisor to determine the suitability of any exchange or investment.
You acknowledge that there is a risk that the website may knowingly contain incomplete, incorrect, inaccurate, misleading and/or false information.
The information on this website is not verified in any way.
The content of the pages of the website is for your general information only with no responsibility or liability regarding this information or resulting from it. The content is subject to change without notice.
Neither we nor any third parties provide any warranty or guarantee regarding the information on the website, including, but not limited to, the accuracy, timeliness, performance, completeness or suitability of the information and materials found or offered on the website for any purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law.
Your use of any information or materials on the website is entirely at your own risk, for which we shall not be liable. It shall be your own responsibility to ensure that any products, services or information available through the website meet your specific requirements.
The information posted on the website should not be used by others in connection with any sale, offer for sale or solicitation of an offer to sale or buy foreign currency, securities or any other investments, and is not a recommendation or opinion for you to participate in any transaction.
This website contains material which is owned by or licensed to us. This material includes, but is not limited to, the design, layout, look, appearance, graphics and any information or materials, includes, but is not limited to any information or materials provided by you. We shall be free to use, for any purpose, any and all ideas, concepts, know-how, techniques or other information provided by you to the website. Reproduction is prohibited by law.
All trademarks reproduced in this website, which are not the property of, or licensed to the operator, are acknowledged on the website.
Unauthorized use of this website may lead to a claim for damages and/or be a criminal offence.
You agree and understand that you are responsible for maintaining the confidentiality of your password which, together with your login e-mail address, allows you to access certain portions of the website.
By providing us with your e-mail address, you agree to receive all required notices electronically, to that e-mail address. It is your responsibility to update or change that address, as appropriate.
If you become aware of any unauthorized use of your registration information, you agree to notify Orderbook immediately.
From time to time this website may also include links to other websites. These links are provided for your convenience to provide further information. They do not signify that we endorse the website(s). We have no responsibility for the content of the linked website(s).
Any material downloaded or otherwise obtained through the use of the website is done at your own discretion and risk and you are solely responsible for any damage to your computer system or loss of any data that results from the download of any such material.
Orderbook reserves the right to, and may, cancel commissions, terminate or temporarily suspend your access to all or any part of the website, without notice, for conduct that Orderbook believes violates these Terms and Conditions or any of its policies or guidelines, or for any other reason in its sole discretion. Orderbook will bear no responsibility or liability from such action.
When using the website, you must comply with all applicable laws, any applicable foreign or domestic regulatory body, national or other securities exchanges.
In the event that any provision of these Terms and Conditions is held unenforceable, the validity or enforceability of the remaining provisions will not be affected, and the unenforceable provision will be replaced with an enforceable provision that comes closest to the intention underlying the unenforceable provision.
ORDERBOOK does not accept applications from residents of Israel, Iran, Iraq, Lebanon, Syria. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
The use of a 3rd party trading system without its written consent.
Any form of advertising of 3rd party services which are not related to Orderbook.
Any means to falsify or adjust trading results as seen on Orderbook.
The use of spam to promote a Strategy.
Any method that may compromise the operation of Orderbook.
The reproduction, copying or reselling of the Orderbook service without the permission of Orderbook.
Orderbook Refund Policy
You will have to deposit with Orderbook a non-refundable membership fee as a retainer for future deductions of profit-sharing fees or any other fees that arise from using the Service. You can disconnect at any time, and you won’t participate in any new position.
Orderbook does not make investment recommendations. No communication through this website or otherwise should be construed as a recommendation of any investments. Our copy trading service allows members to follow trades of different strategy managers,
Use of the copy trading service should not be construed as providing financial or investment advice. By subscribing to the copy trading service, you understand all aspects of the risk associated with the copied account and the copied trader’s trading objectives. You acknowledge and agree that your use of the copy trading service is highly risky, and you could sustain significant losses.
No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
Trading is risky. You can lose money. Past results are not necessarily indicative of future results. Futures and forex trading is not appropriate for everyone.
Trading is a high-risk venture, and we advise that you be aware of potential risks before participating. No aspect of this Site is intended to provide, or should be construed as providing, any investment, tax or other financial related advice of any kind. You should not consider any content on the Site to be a substitute for professional financial advice. While individual participants may offer investment advice or opinions and/or effect a transaction which may be subsequently copied by another trader, such advice, opinions, or trades amount to nothing more than exchanges between persons who may be anonymous or unidentifiable or simply the execution of a trade by such traders.
Orderbook does not provide investment advice directly, indirectly, implicitly, or in any manner whatsoever by making such information and/or features available to you. You should use any information gathered from here and/or utilize the copy trading features only as a starting point for your own independent research.
“Max Drawdown” Calculation Method.
We look at the equity chart of the system in question and finds the largest percentage amount that the equity chart ever declines from a local “peak” to a subsequent point in time (thus this is formally called “Maximum Peak to Valley Drawdown.”) While this is useful information when evaluating trading systems, you should keep in mind that past performance does not guarantee future results. Therefore, future drawdowns may be larger than the historical maximum drawdowns.
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