Copy Trading Agreement

BitFrog Copy Trading Terms and Conditions Addendum

1.1 “BitFrog Copy Trading” (hereinafter, the “Copy Trading Service” or “Copy Trading”) is a service that allows users (hereinafter, the “Copier” or “you”) to copy the trading activity of other traders (hereinafter, the “Trader”).

1.2 The terms set out in this Addendum apply when you use the Platform’s Copy Trading Service. Before proceeding, you must declare that you have read, understood, and agreed to the terms contained in this Addendum.

1.3 This Addendum forms supplemental terms to the Platform’s Terms and Conditions and applies to you. The Platform Terms and Conditions apply to all services, including Copy Trading. In the event of any conflict, the terms highlighted in bold in this Addendum shall prevail. Unless otherwise defined, terms used in this Addendum have the same meanings as in the Terms and Conditions. By using the Copy Trading Service, you agree to this Addendum and to any profit-sharing charged by us and/or the Trader.

Risk Disclosure

2.1 This risk disclosure supplements any risk disclosures relating to products traded on the Platform. Before deciding to copy a Trader or an investment strategy, you must consider your financial situation, including your financial obligations. You should understand that Copy Trading is highly speculative and you may incur substantial losses, potentially exceeding the principal used by the Trader being copied. Pay particular attention to the following risks related to Copy Trading: (a) Copy Trading involves automatic trade execution. Positions in your account will be opened and closed automatically without manual intervention or further instructions from you; (b) If you manually modify or close orders under the Copy Trading function, your results may differ significantly from those of the Trader you copy; (c) If the copy amount, in proportional terms, is below the minimum trade requirement (as defined by the Platform), an order may not be opened; (d) Redemptions/withdrawals by the Trader or strategy you copy may cause significant divergence between your returns and the Trader’s returns. This may occur due to differences in your initial account balance, proportional allocation effects, minimum/maximum trade sizes, your account settings, as well as spreads, interest, entry prices, and potential fee differences at the time you invest; (e) Following Traders who lack experience or who are not professional investors carries risk. We make no representation as to the professional level, skill, or prudence of any Trader whom you choose to follow and/or copy.

Trade Execution

3.1 Copy Trading is a feature that allows you to replicate another account’s trading. You may copy a specific Trader. By placing a copy trade instruction on the Platform, you authorize and instruct us to execute trades for your account and, to the fullest extent permitted by the Service or Copy Trading functionality, to automatically mirror the Trader’s account configuration. For applicable limits, please refer to the disclosures published on the Platform from time to time, without further consultation or consent. Copy trades are executed proportionally, in the same product and with the same trade instructions. Accordingly, we are authorized to open and close positions, set limits, and take all other actions necessary to provide the Copy Trading Service.

3.2 We may be unable to replicate the Trader’s activity exactly, including for the following reasons: (a) Applicable law or other reasons may prevent you or your account from entering into a given trade; (b) If the trade amount is below the minimum threshold, no position will be opened; (c) If the trade amount exceeds the maximum threshold, no position will be opened.

3.3 To ensure we can replicate trades for you to the maximum extent permitted, you authorize us, at our discretion, to allocate available balances in your account in proportion to your copy-trading settings.

3.4 When we automatically execute orders based on instructions generated by the Trader you copy, we do not need your consent, prior approval, or any further confirmation to execute such orders.

3.5 Copy Trading is subject to order limits, including minimum and maximum investment amounts for any Trader you copy, minimum amounts for any single copy trade, and a maximum number of Traders you may copy.

3.6 When you open positions using the Copy Trading Service, the following rules apply: (a) We will not replicate any orders that the Trader had already placed before the moment you began copying; (b) If the Trader has an open order, we will not replicate that Trader’s add/reduce or new order operations for you until the original order has been completed; (c) Slippage caused by extreme market conditions or by depth/liquidity issues on the copied exchange is considered normal within Copy Trading; (d) Trading environments differ by venue. The specific fill/execution of copied trades is subject to the trading rules of the corresponding venue.

Limitation of Liability

4.1 The Copy Trading Service is provided “as is.” To the maximum extent permitted by applicable law, we make no warranties or representations regarding the quality of the Platform or the Services. You bear all risks arising from your use of our Services. If any of the foregoing disclaimers or exclusions of liability are deemed invalid or unenforceable, then in no event, under any legal theory (tort, contract, strict liability, or otherwise), shall we or any indemnified party be liable to you or any other person for any damages of any kind—direct, indirect, special, incidental, or consequential—arising out of or related to your use of the Platform, the Site, third-party content, or any account, including trading losses, loss of information, business interruption or loss of profits, loss of deposits, loss of data, or any liability under contract, negligence, strict liability, or any other theory, or damages based on any third-party claim or demand, even if we knew or had reason to know of the possibility of such damages, claims, or demands.

4.2 Furthermore, to the maximum extent permitted by law, we shall not be responsible for (i) any actions taken to execute instructions related to your Copy Trading; or (ii) any decisions or actions taken by the Trader or strategy you choose to copy.

4.3 Notwithstanding the foregoing and to the maximum extent permitted by law, Copy Trading shall not be deemed any form of investment or asset management.

4.4 To the maximum extent permitted by law, our Copy Trading Service or functionality does not constitute personal investment recommendations, investment advice, tax advice, or any other form of financial advice.

4.5 Any explanations or information we provide to you (as part of the Services), or any explanations or information about Copy Trading performance, are not intended and should not be regarded as investment advice. Information provided via the Platform is for informational purposes only.

4.6 You may use information collected via official Site features as a starting point for your own independent research and investment decisions. However, you should not base investment decisions solely on information provided by the Platform.

4.7 We will take reasonable steps to monitor the performance of Traders being copied under the Copy Trading function and the performance of the Copy Trading functionality itself.

4.8 We reserve the right to suspend, halt, or mask: (i) any Trader being copied under the Copy Trading functionality; and (ii) any strategy being copied under the Copy Trading functionality. In such cases, any open positions arising from Copy Trading will be closed.

4.9 We reserve the right, at our discretion, to terminate the Copy Trading functionality.

4.10 We may also terminate the Copy Trading Service if we suspect or have reason to believe that: (i) Prohibited trading activities, including manipulative or abusive trading behavior, are occurring; (ii) False information was provided during account opening amounting to fraud; or (iii) You have engaged in other malicious conduct.

4.11 Upon termination of the Copy Trading Service, any open positions under that functionality will be closed.

4.12 We reserve the right to amend the Copy Trading Service terms without prior notice.

Disclaimer

5.1 We make no representation or warranty regarding the performance of any investor, investment behavior, account, or strategy. We do not guarantee that the past returns of any Trader you choose to copy will be repeated, nor do we guarantee that your profits (or losses) will match exactly the profits (or losses) achieved by the Trader you copy.

5.2 Past performance, risk scores, statistics, and any other information relating to Traders under the Platform’s Copy Trading functionality should not be regarded as reliable indicators of future results.

5.3 We make no representation or warranty that you will achieve returns or losses similar to those of the Trader you copy.