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Terms of Use

INTRODUCTION

Modern Algos Private Limited is a SEBI registered Research Analyst. It is an Investment and Trading Platform, which engages itself in developing various models and methods for Trading and Investing. Access and use of Modern Algos Private Limited and all properties are subject to the Terms of Use below.

ACCEPTING TERMS

Modern Algos Private Limited, called Modern Algos from here onwards.

  • To use the Services, you must first agree to the Terms. Services cannot be used if you do not accept the Terms.
  • You accept the Terms by agreeing to do so, on any Modern Algos website on any broker or outside a broker.
PROVISION OF THE SERVICES BY MODERN ALGOS
  • Modern Algos is constantly improving and innovating in order to provide the best experience for users. You acknowledge and agree that the form and nature of the Services which Modern Algos provides may change from time to time without prior notice to you.
  • As part of this continuing innovation, you acknowledge and agree that Modern Algos may stop (permanently or temporarily) providing the Services (or any features within the Services) to you or to users generally at Modern Algos’s sole discretion, without prior notice. You may stop using the Services at any time. You do not need to specifically inform Modern Algos when you stop using the Services.
  • You acknowledge and agree that if Modern Algos disables access to your account, you may be prevented from accessing the Services, your account details, or any files or other content which is contained in your account.
  • You acknowledge and agree that while Modern Algos may not currently have set a fixed upper limit on the number of transmissions you may send or receive through the Services or on the amount of storage space used for the provision of any Service, such fixed upper limits may be set by Modern Algos at any time, at Modern Algos’s discretion.
USE OF THE SERVICES BY YOU
  • In order to use Modern Algos Services, you will need to provide your personal information. You agree that any information you give to Modern Algos will always be accurate, correct and up to date.
  • You agree to use the Services only for purposes that are permitted by (a) the Terms and (b) any applicable law, regulation or generally accepted practices or guidelines in the relevant jurisdictions.
  • You agree not to access (or attempt to access) any of the Services by any means other than through the interface that is provided by Modern Algos, unless you have been specifically allowed to do so in a separate agreement with Modern Algos. You specifically agree not to access (or attempt to access) any of the Services through any automated means (including use of scripts or web crawlers).
  • You agree that you will not engage in any activity that interferes with or disrupts the Services (or the servers and networks which are connected to the Services).
  • Unless you have been specifically permitted to do so in a separate agreement with Modern Algos, you agree that you will not reproduce, duplicate, copy, sell, trade or resell the Services for any purpose.
  • You agree that you are solely responsible for (and that Modern Algos has no responsibility to you or to any third party for) any breach of your obligations under the Terms and for the consequences (including any loss or damage which Modern Algos may suffer) of any such breach.
PRIVACY POLICY

For information about Modern Algos’s data protection practices, please read Modern Algos’s privacy policy. This policy explains how Modern Algos treats your personal information, and protects your privacy, when you use the Services.

GENERAL INVESTMENT DISCLOSURE

All information present on Modern Algos platform is to help investors and traders in their decision making process and shall not be considered as a recommendation or solicitation of an investment or investment strategy. Investors are responsible for their investment decisions and are responsible to validated all the information used to make the investment decision.

Investor should understand that his/her investment decision is based on personal investment needs and risk tolerance, and performance information available on Modern Algos platform is one among many other things that should be considered while making an investment or trading decision. Past performance does not guarantee future returns and performance of Modern Algos Strategies or ideas or any investment you make on the platform are subjected to market risk. The contents and data available on Modern Algos platform, Modern Algos’s numbers and rationale are for information and illustration purposes only. Charts and performance numbers are backtested/simulated results calculated via a standard methodology and do not include the impact of transaction fee and other related costs. Data used for calculation of historical returns and other information is provided by exchange approved third party data vendors, and has neither been audited nor validated by Modern Algos.

Investors should be aware that system responses, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors.

Trading in derivatives is extremely risky, and can wipe out your entire capital and more.

LIMITATION OF LIABILITY

Subject to overall provision in paragraph above, you expressly understand and agree that Modern Algos, its affiliates, and its licensors shall not be liable to you for:

  • Any direct, indirect, incidental, special consequential or exemplary damages which may be incurred by you, however caused and under any theory of liability. This shall include, but not be limited to, any loss of profit (whether incurred directly or indirectly), any loss of goodwill or business reputation, any loss of data suffered, cost of procurement of substitute goods or services, or other intangible loss;
  • Any loss or damage which may be incurred by you, including but not limited to loss or damage as a result of:
    • Any reliance placed by you on the completeness, accuracy or existence of any advertising, or as a result of any relationship or transaction between you and any advertiser or sponsor whose advertising appears on the services;
    • Any changes which Modern Algos may make to the services, or for any permanent or temporary cessation in the provision of the services (or any features within the services);
    • The deletion of, corruption of, or failure to store, any content and other communications data maintained or transmitted by or through your use of the services;
    • Your failure to provide Modern Algos with accurate account information
EXCLUSION OF WARRANTIES
  • Nothing in these terms shall exclude or limit Modern Algos’s warranty or liability for losses which may not be lawfully excluded or limited by applicable law. Some jurisdictions do not allow the exclusion of certain warranties or conditions or the limitation or exclusion of liability for loss or damage caused by negligence, breach of contract or breach of implied terms, or incidental or consequential damages. Accordingly, only the limitations which are lawful in your jurisdiction will apply to you and our liability will be limited to the maximum extent permitted by law.
  • You expressly understand and agree that your use of the services is at your sole risk and that the services are provided "As is" and “as available.”
  • In particular, Modern Algos, its affiliates, and its licensors do not represent or warrant to you that:
    • Your use of the services will meet your requirements,
    • Your use of the services will be uninterrupted, timely, secure or free from error,
    • Any information obtained by you as a result of your use of the services will be accurate or reliable, and
    • That defects in the operation or functionality of any software provided to you as part of the services will be corrected.
  • Any material downloaded or otherwise obtained through the use of the services is done at your own discretion and risk and that you will be solely responsible for any damage to your computer system or other device or loss of data that results from the download of any such material.
  • No advice or information, whether oral or written, obtained by you from Modern Algos or through or from the services shall create any warranty not expressly stated in the terms.
  • Modern Algos further expressly disclaims all warranties and conditions of any kind, whether express or implied, including, but not limited to the implied warranties and conditions of merchantability, fitness for a particular purpose and non-infringement.
JURISDICTION

The terms of this agreement are exclusively based on and subject to Indian law. You hereby consent to the exclusive jurisdiction and venue of courts in Hyderabad, Telangana, India in all disputes arising out of or relating to the use of this website. Use of this website is unauthorized in any jurisdiction that does not give effect to all provisions of these terms and conditions, including without limitation this paragraph.

REFUND POLICY & SUBSCRIPTION CANCELLATION
  • For paid services - you can choose from a monthly subscription plan or a yearly plan and choose to pay with available payment methods.
  • You will have access to all features till your Plan end date after which you will have to pay to access the same.
  • Payments made once will not be refunded back to your account.
REFERRAL PROGRAM
  • This Referral Program is open to all existing Modern Algos users.
  • Self-referrals are not allowed.
  • Modern Algos reserves the right to modify, suspend, or terminate the Referral Program at any time without notice.
  • Rewards are non-transferable and have no cash value.
  • Modern Algos may disqualify referrals if fraudulent activity is suspected.
  • By participating in the program, you agree to these Terms & Conditions.

Terms of Use – Automated Bots

INTRODUCTION

This User Consent Agreement ("Agreement") outlines the terms and conditions for your use of Automated Bots, an automated trading system offered by Modern Algos Private Limited ("Modern Algos"). By using Automated Bots, you acknowledge that you have read and agreed to the full terms and conditions of this Agreement and the separate Terms of Services.

Service Details
  • Execution: Modern Algos uses a Unique Access Token (generated daily by your broker) to securely place orders generated by your trading strategy to your broker account. This token is refreshed with each login.
  • Responsibility: You are solely responsible for selecting, configuring, and using Automated Bots. You confirm that you have conducted thorough due diligence, understood the system's operation, and acknowledged the potential risks associated with automated trading.
Disclaimers
  • Performance Modern Algos cannot guarantee uninterrupted, timely, secure, or error-free services.
  • Subscription Automated Bots is a subscription-based service with periodic charges at a fixed rate for the chosen period.
  • Unique Access Token To ensure continuous trading and smooth operation of Automated Bots, you must login to your Modern Algos account daily before 9:15 AM Monday through Friday to generate a renewed Unique Access Token.
  • Liability Modern Algos will not be held responsible for losses incurred due to your failure to log in daily or for late subscription payments.
  • Risk of Loss You acknowledge the risk of potential losses in your account resulting from orders generated by Automated Bots.
  • Margin Requirements You are required to maintain the required margin at all time. Modern Algos will not be held responsible for losses incurred due to failure of trades because of insufficient margin.
Trading Risks
  • Market Factors Trade executions can be impacted by various factors such as trading volume, market conditions, system performance, technical issues, and unforeseen circumstances.
  • Market Volatility Market volatility, volume fluctuations, and system availability can delay account access and trade execution. Uptime and system availability may be affected by technical or external factors beyond Modern Algos' control.
Limitations of Liability
  • Guarantees Modern Algos does not provide any guarantees or promises regarding Automated Bots or associated offerings.
  • Financial Losses Modern Algos will not be liable for lost profits, revenue, data, financial losses, or any indirect, special, consequential, or punitive damages.
Indemnification

You agree to indemnify and hold harmless Modern Algos, its integrated brokers, distributors, licensors, officers, directors, and employees from any liabilities, damages, losses, costs, fees (including legal fees), and expenses arising from:

  • The limitations of the Automated Bots product.
  • Misuse of the Automated Bots product.
  • Violation of the Terms of Service for Automated Bots.
Important Disclosures
  • Daily Login Requirement A daily login to your Modern Algos account before 9:15 AM Monday through Friday is mandatory. This ensures Automated Bots can function effectively and execute your trading strategy as planned.
  • Communication via WhatsApp Important communications regarding your Automated Bots activity will be sent via WhatsApp. Please ensure the registered number is correct and available on Whatsapp.
  • Margin Maintenance You are responsible to maintain minimum margin required in your broker account at all time.
  • Manual Position Management To maintain optimal performance and avoid potential disruptions, please refrain from manually closing any positions or trades within your broker account. Automated Bots are designed to manage your trades automatically based on your chosen strategy.
Changes

Modern Algos reserves the right to modify or update this Agreement at any time. We will notify you of any changes by posting the revised Agreement on our website. Your continued use of Automated Bots after the posting of any revisions constitutes your acceptance of the revised Agreement.

Contact Us

If you have any questions regarding this Agreement, please contact us at: