Disclosures — risk and methodology disclosure

This document contains the mandatory disclosures of ITRADE ENTERPRISE LTD, registered in England and Wales, Company No. 09038312, registered office: 22 Kingsley Close, Birkenshaw, Bradford, West Yorkshire, United Kingdom, BD11 2NH (the "Platform"; trading as I-Trade, website i-trade.io). Please read the document in full before investing. This document forms part of the Customer Agreement and must be read in conjunction with Terms of Use.

1. Platform Status and Applicable Law

Services are provided in accordance with the applicable law of the jurisdictions in which the Platform operates. This document and the relationship between you and the Platform are governed by the law of England and Wales. If you are a consumer, you retain the mandatory remedies available under the law of your country of residence.

Consumers from the EU/EEA may have access to alternative dispute resolution (ADR) mechanisms in their country of residence, where provided for by law. The complaints procedure is described on the Support.

2. General Market Risk Warning

The value of investments may go up as well as down. You may lose part or all of the capital invested. Past performance is not a guide to future results and is not a guarantee thereof.

Algorithmic management does not eliminate market risk — it merely formalises the rules for responding to it. Do not invest funds whose loss would be critical to your financial position, and do not use borrowed money to fund your Account.

3. Risks of Algorithmic Strategies

Model risk — the behaviour of a model on new market data may differ materially from its historical behaviour and from expectations.
Overfitting Risk — strategy parameters calibrated on historical data may not hold on future data.
Changes in Market Regime — a strategy that performs well in certain conditions (such as trending markets or low volatility) may consistently generate losses in other conditions.
Drawdowns — the decline in portfolio value from its peak may be deep and prolonged; recovery of value is not guaranteed.
No Warranties — no strategy guarantees a return or preservation of capital. Model ensembling and risk limits reduce the risks described herein but do not eliminate them.

4. Leverage and Derivatives

Leveraged derivative instruments amplify both profits and losses proportionately. A significant proportion of retail client accounts lose money when trading margined products. Ensure that you understand how the instrument works and that you are prepared to accept the high risk of loss.

Perpetual futures on the Platform are traded with isolated margin: the maximum loss on a position is limited to the margin allocated to that position and shall not exceed the funds deposited against it.
In the event of a sharp price movement, a position may be forcibly liquidated at a price worse than anticipated; the margin allocated to the position may in such circumstances be lost in full.
Funding rates on perpetual futures are periodically credited or debited and affect the overall result of a position.
Access to derivatives is granted only upon successful completion of an appropriateness test. Passing the test does not constitute a recommendation to trade in those instruments.

5. Crypto-Asset Risks

Volatility. Crypto-asset prices are extremely volatile; the value may decline rapidly and substantially, including to zero.
No Insurance. Crypto-assets are not covered by deposit guarantee schemes or investor compensation schemes.
Regulatory Context. For EEA clients, crypto-asset activities are regulated by MiCA (Regulation (EU) 2023/1114) on markets in crypto-assets. The regulatory status of individual assets and services may change and varies across jurisdictions.
Technology Risks. Protocol and smart contract vulnerabilities, blockchain network failures and congestion, infrastructure attacks, and loss or compromise of keys.
Forks and Network Events. Hard forks, chain splits, or network halts may result in loss of access to assets or loss of their value; support for assets created as a result of a fork is not guaranteed.
Staking. Network reward rates are not guaranteed; assets in staking are subject to market risk, slashing risk, and lock-up periods. The Platform's reserve fund may partially compensate for slashing losses up to its available size; such coverage is not guaranteed.

6. Liquidity and Execution Risk

During periods of market stress it may be impossible to close a position at a fair price; stop rules may execute at a substantially worse level than anticipated (slippage). During periods of extreme volatility, execution speed and quality may deteriorate and prices may temporarily be unavailable.

Orders are routed in accordance with the best execution policy, taking into account price, costs, speed, and likelihood of execution. The list of execution venues and periodic execution quality reports are published in the Investor Relations.

7. Operational and Technology Risk

Continuous availability of the Platform is not guaranteed. Software failures, communications outages, exchange disruptions, and external provider failures may temporarily restrict access to the Account or the ability to place or close orders. Strategies incorporate redundant stop circuits; however, zero technology risk is unachievable.

The Platform is subject to cyber risks, including attempts at unauthorised access. The Platform applies organisational and technical security measures; however, no system provides absolute security. Please use two-factor authentication and do not share your access credentials with third parties.

8. Currency Risk

Where strategy assets are denominated in a currency other than the base currency of your Account, movements in exchange rates may reduce your return or increase your loss even where the assets themselves perform positively.

9. Other Material Risks

Counterparty credit risk — default by an exchange, bank, custodian, or issuer.
Regulatory risk — changes in the legal status of instruments or the regulatory framework for the provision of services, in particular with respect to crypto-assets.
Concentration risk — thematic strategies ("Helios") are concentrated in specific sectors and more volatile than diversified ones.

10. No Investment Recommendation

Information on the Platform, including strategy cards, analytical materials, and appropriateness test results, is provided for informational purposes only and does not constitute investment, legal, or tax advice or a personal recommendation. The Platform makes no promise or guarantee of return. You make investment decisions independently; where appropriate, please seek independent professional advice.

11. Performance Calculation Methodology

Strategy returns are calculated using the time-weighted rate of return (TWR) method, net of all fees, at the closing prices of the calculation day.
Maximum drawdown is the largest decline in portfolio value from peak to trough over the observation period.
The Sharpe ratio is calculated using monthly returns against a comparable risk-free rate in the base currency of the strategy, on an annualised basis.
Performance figures prior to the strategy launch date are the result of backtest and are flagged in the strategy profile. The backtest accounts for fees and a slippage model, but does not fully replicate real execution; the live track always takes precedence.
Strategy trades are published on the I-Trade Chain network; the reconciliation methodology is described in the API documentation.

12. Conflicts of Interest

The Platform does not engage in proprietary trading against clients and does not act as counterparty to their trades.
The Platform does not receive payment for order flow (PFOF) or remuneration from venues for routing.
Platform remuneration consists exclusively of the public fees listed in Fee Schedule.
Employees are required to disclose personal accounts; trading on non-public information about client order flow is prohibited and monitored.
Third-party strategy authors receive a share of the management fee; their share is disclosed on the strategy card.

13. Asset Protection and Compensation Schemes

Client money is held in segregated accounts with credit institutions, separate from the Platform's own funds. Funds held in the Platform account do not constitute a bank deposit and are not covered by deposit guarantee schemes.

In respect of securities, applicable investor compensation schemes of the custody jurisdiction may apply where provided for by law; their availability, terms, and limits depend on the specific custodian and jurisdiction and are not guaranteed by the Platform. Crypto-assets are not covered by any compensation scheme. The majority of crypto-assets are held in cold storage with multi-signature protection; holdings in hot wallets are kept to a minimum. For further details, see the Terms of Use.

14. Fees and Aggregate Costs

The full schedule of fees is in Fee Schedule. Upon request, the Platform will provide an ex-ante calculation of aggregate costs for the selected strategy and amount, as well as an annual ex-post report on costs actually incurred and their impact on returns, where required by applicable law.

15. Taxation

The obligation to declare investment income and pay taxes rests with the Client. The Platform does not generally act as a tax agent in the jurisdictions in which it provides services. An annual tax report containing the necessary data is available in the account portal. Tax consequences depend on your jurisdiction and personal circumstances — please consult a tax adviser where appropriate.

16. Sustainability Approach (ESG)

Strategy ESG filters are based on third-party ratings and proprietary screening; their methodology is described on the ESG. If a strategy is not designated as an ESG version, the Platform does not take sustainability factors into account when making trading decisions for that strategy.

17. Document Updates and Contact Details

Disclosures are reviewed at least annually and upon any material changes. The current version is always on this page; the update date is shown in the header.

Enquiries regarding this document: [email protected]. Data processing enquiries: [email protected] (see Privacy Policy). General enquiries: [email protected].