Terms of Service
Algoagent Core — algoagent.in
Last Updated: July 24, 2026
These Terms of Service ("Terms") constitute a legally binding agreement between you ("you" or "User") and the operator of Algoagent Core ("we", "us", "our", or the "Company") governing your download, installation, and use of the Algoagent Core desktop application and all related software, documentation, and updates made available by us (collectively, the "Software").
Please read these Terms carefully before using the Software. By downloading, installing, accessing, or using the Software, you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree, do not install or use the Software and remove it from your device.
1. Acceptance of Terms
1.1. These Terms take effect when you download, install, or first use the Software, or when you otherwise indicate acceptance. Your continued use of the Software constitutes ongoing acceptance of these Terms as they may be amended from time to time under Section 16.
1.2. These Terms, together with any additional terms presented to you at the point of purchase or within the Software, constitute the entire agreement between you and the Company regarding the Software and supersede all prior or contemporaneous understandings, whether oral or written.
1.3. If any provision of these Terms is held to be unenforceable, that provision will be enforced to the maximum extent permitted and the remaining provisions will remain in full force and effect.
2. Description of Service
2.1. Software vendor, not a financial services provider. Algoagent Core is a local-first macOS desktop application that functions as a trading terminal and research environment for algorithmic traders. The Company is a software vendor only. We are not a broker, broker-dealer, exchange, trading venue, custodian, investment adviser, portfolio manager, research analyst, or financial services provider of any kind.
2.2. No regulated status. The Company is not registered with the Securities and Exchange Board of India (SEBI) as an investment adviser or research analyst, is not a member of any stock exchange, is not registered with the Financial Intelligence Unit – India (FIU-IND), and does not hold any broker-dealer, money-transmitter, or virtual-asset service provider license. Nothing in these Terms or in the Software should be construed as implying any such status.
2.3. Local operation. The Software runs on your own Mac. Your data, strategies, and credentials remain on your device. We operate no cloud infrastructure that stores your trading data or credentials.
2.4. Bring Your Own Keys (BYOK). Where the Software supports connecting to third-party services, you provide your own large language model (LLM) API keys and, where applicable, your own broker or exchange API keys. These keys are stored and used locally by the Software to communicate directly with the third-party services you configure. We do not receive, store, transmit, or have access to your API keys or credentials.
2.5. Human-in-the-loop execution. The Software is designed so that any order involving real funds requires your explicit, affirmative approval before it is transmitted to a broker or exchange. Any analysis, signal, suggestion, or output generated by the Software (including AI-generated content) is informational only; you decide and you act. The Software may prepare and stage orders, but the human approves and executes.
2.6. Multi-market scope. The Software may support research and, where configured, trading across multiple asset classes, including cryptocurrency and equity instruments, subject to the capabilities of the brokers and exchanges you connect and the version of the Software you run.
2.7. Paper-trading sandbox. The Software includes a simulated paper-trading environment that uses no real funds and is provided for testing, education, and evaluation. Some features described in these Terms (including real-money order staging) may be unavailable, limited, or offered only in certain versions or configurations of the Software.
2.8. The Company reserves the right to modify, suspend, or discontinue any feature of the Software at any time, with or without notice, subject to the terms of any paid license you hold.
3. Eligibility
3.1. You may use the Software only if you are a natural person or legal entity capable of forming a binding contract under applicable law. If you are an individual, you must be at least eighteen (18) years of age (or the age of majority in your jurisdiction, if greater).
3.2. The Software is intended for professional and sophisticated traders who understand the mechanics and risks of algorithmic and leveraged trading. By using the Software, you represent that you have sufficient knowledge and experience to evaluate the risks of trading and to use automated and AI-assisted trading tooling responsibly.
3.3. You represent that you are not prohibited from using the Software under any applicable law, regulation, order, or sanction, and that your use of the Software to trade any instrument complies with the laws of your jurisdiction.
4. License Grant
4.1. Grant. Subject to your compliance with these Terms and payment of any applicable fees, the Company grants you a limited, personal, non-exclusive, non-transferable, non-sublicensable, revocable license to install and use the Software on macOS devices that you own or control, solely for your own internal use.
4.2. Restrictions. You may not, and may not permit any third party to: (a) copy, modify, or create derivative works of the Software, except as expressly permitted; (b) reverse engineer, decompile, or disassemble the Software, except to the extent prohibited by applicable law; (c) rent, lease, lend, sell, redistribute, or sublicense the Software; (d) remove or alter any proprietary notices; (e) use the Software to build a competing product; or (f) use the Software in violation of any applicable law or these Terms.
4.3. Ownership. The Software is licensed, not sold. The Company and its licensors retain all right, title, and interest in and to the Software.
5. BYOK & User Responsibilities
5.1. Your keys, your responsibility. You are solely responsible for obtaining, configuring, safeguarding, and managing all API keys, credentials, tokens, and account access used with the Software.
5.2. Key security. Because your keys are stored locally and never transmitted to us, you bear full responsibility for the security of your device and your keys. You agree to use appropriate security measures (including restricting key permissions, using read-only or trade-only scopes where available, disabling withdrawal permissions, and employing IP allow-lists and device encryption). You accept all risk and consequences of loss, theft, misuse, or unauthorized use of your keys.
5.3. No custody or access. We do not hold, custody, control, or have access to your funds, keys, or credentials at any time.
5.4. Third-party terms. Your use of any broker, exchange, LLM provider, data feed, or other third-party service through the Software is governed solely by your agreement with that third party. We are not a party to, and are not responsible for, any such third-party agreement or service.
5.5. Accuracy of configuration. You are responsible for the correctness of your configuration, strategy parameters, order sizes, risk limits, and connection settings. Misconfiguration can result in unintended orders or losses.
5.6. Compliance. You are solely responsible for your own regulatory compliance, including any registration, licensing, reporting, KYC, AML, and tax obligations arising from your trading activity in your jurisdiction.
6. No Investment Advice / No Fiduciary Relationship
6.1. No advice. Nothing provided by, through, or in connection with the Software — including any AI-generated analysis, signal, recommendation, commentary, backtest, or output — constitutes investment, financial, legal, tax, or trading advice, or a recommendation or solicitation to buy, sell, or hold any instrument.
6.2. Independent decision-making. All information and outputs are provided for informational and tooling purposes only. You are solely responsible for your own trading decisions and must independently evaluate the merits and risks of any transaction before executing it.
6.3. No fiduciary duty. No fiduciary, advisory, agency, partnership, or similar relationship is created between you and the Company by your use of the Software. We owe you no fiduciary duty.
7. Trading Risk Acknowledgment
7.1. Substantial risk of loss. Trading in securities, cryptocurrencies, derivatives, and other financial instruments involves a substantial risk of loss and is not suitable for every investor. Prices are volatile, markets can move rapidly against you, and you may lose some or all of the funds you trade. Leveraged trading can magnify losses beyond your initial capital.
7.2. You accept all trading risk. You acknowledge and agree that you trade entirely at your own risk and discretion. The Company is not responsible for any trading losses, whether arising from market movement, software behavior, connectivity issues, your configuration, your decisions, or any other cause.
7.3. Automation and AI risk. Algorithmic and AI-assisted trading carries additional risks, including erroneous or unexpected orders, model or data errors, latency, slippage, partial fills, failed or duplicated orders, unintended exposure from misconfiguration, and behavior that differs from backtested or expected results. Past performance and backtests are not indicative of future results.
7.4. Human-in-the-loop is your safeguard. The requirement for your explicit approval of real-money orders is a control provided for your protection. By approving an order, you accept full responsibility for that order and its consequences.
7.5. No guarantee. We make no representation or warranty regarding the accuracy, completeness, timeliness, or reliability of any data, output, or result produced by the Software, and we do not guarantee any profit or trading outcome.
8. Paper Trading Disclaimer
8.1. Simulation only. The paper-trading sandbox is a simulated environment that does not involve real funds and does not place real orders. Paper-trading results are hypothetical and for testing, educational, and evaluation purposes only.
8.2. Not indicative of live results. Paper-trading performance does not reflect actual market execution and may differ materially from live trading due to slippage, liquidity, latency, fees, partial fills, and market impact.
9. Fees & Payment
9.1. Fees. Certain features, editions, or licenses of the Software may be offered for a fee. All fees and payment terms will be disclosed at the point of purchase.
9.2. Third-party costs. You are solely responsible for all costs charged by third parties in connection with your use of the Software, including LLM provider usage fees, broker or exchange commissions, data-feed subscriptions, and internet or hardware costs.
9.3. Refunds. Unless otherwise required by applicable law or stated at the point of sale, fees are non-refundable.
10. Intellectual Property
10.1. Company IP. The Software and all intellectual property rights therein are and remain the exclusive property of the Company and its licensors.
10.2. Your content. You retain all rights to your own strategies, configurations, data, and content created or input using the Software. Because the Software operates locally, your content remains on your device.
10.3. Trademarks. The Algoagent name, logo, and related marks are trademarks of the Company.
11. User Conduct / Prohibited Uses
11.1. You agree not to use the Software: (a) in violation of any applicable law or third-party right; (b) to engage in market manipulation, fraud, insider trading, spoofing, or wash trading; (c) to trade where prohibited or where you lack authorization; (d) to circumvent any security, licensing, or access-control feature; (e) to introduce malware or harmful code; or (f) to resell or redistribute the Software in violation of Section 4.
12. Disclaimers & Limitation of Liability
12.1. "AS IS" DISCLAIMER. THE SOFTWARE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT WARRANTIES OF ANY KIND. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE COMPANY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, AND ACCURACY.
12.2. No warranty of results. WE DO NOT WARRANT THAT THE SOFTWARE WILL BE ERROR-FREE, UNINTERRUPTED, OR SECURE, OR THAT IT WILL PRODUCE ANY PARTICULAR TRADING RESULT. YOU USE THE SOFTWARE AND RELY ON ANY OUTPUT ENTIRELY AT YOUR OWN RISK.
12.3. Third-party services. We are not responsible for the acts, errors, omissions, availability, or reliability of any third-party service, including brokers, exchanges, LLM providers, and data feeds.
12.4. LIMITATION OF LIABILITY. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL THE COMPANY BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, GOODWILL, DATA, TRADING OPPORTUNITY, OR CAPITAL, ARISING OUT OF OR RELATING TO YOUR USE OF THE SOFTWARE.
12.5. CAP. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE COMPANY'S TOTAL AGGREGATE LIABILITY SHALL NOT EXCEED THE GREATER OF (A) THE AMOUNT YOU PAID TO THE COMPANY FOR THE SOFTWARE IN THE TWELVE (12) MONTHS PRECEDING THE CLAIM, OR (B) ONE THOUSAND INDIAN RUPEES (INR 1,000).
13. Indemnification
13.1. You agree to defend, indemnify, and hold harmless the Company from and against any claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising out of or relating to: (a) your use of the Software; (b) your trading activity, orders, or transactions; (c) your use of your API keys or third-party accounts; (d) your breach of these Terms or any applicable law; or (e) your content.
14. Termination
14.1. By you. You may terminate these Terms at any time by ceasing use of the Software and uninstalling it.
14.2. By us. We may suspend or terminate your license immediately if you breach these Terms, or if required by law.
14.3. Effect of termination. Upon termination, your license ends. Sections that by their nature should survive termination will survive. Because the Software operates locally, termination does not affect your access to your own data on your device.
15. Governing Law & Jurisdiction
15.1. Governing law. These Terms shall be governed by and construed in accordance with the laws of India, without regard to conflict-of-law principles.
15.2. Jurisdiction. Subject to applicable law, the courts located in the jurisdiction of your residence within India shall have non-exclusive jurisdiction over any dispute. Where you reside outside India, the parties agree that the competent courts in India shall have jurisdiction to the extent permitted by law.
15.3. Amicable resolution. The parties will first attempt in good faith to resolve any dispute amicably. Nothing limits any mandatory consumer protection rights you may have.
16. Changes to Terms
16.1. We may update these Terms from time to time. When we make material changes, we will update the "Last Updated" date and, where practicable, provide notice within the Software or on algoagent.in.
16.2. Your continued use of the Software after the effective date of revised Terms constitutes your acceptance of the revised Terms.
17. Contact
If you have any questions about these Terms, please contact us at:
Email: contact@algoagent.in
Bug reports: bugs@algoagent.in
Website: algoagent.in
By downloading, installing, or using Algoagent Core, you acknowledge that you have read and understood these Terms and agree to be bound by them.