Futures Agreement
Upon activating the service, you confirm and agree to the following:
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1.Trading Bots and Their Role in Futures Trading:
As part of our Futures Trading Services, MyITS provides access to specialized trading tools referred to as 'Trading Bots' (formerly known as 'Strategy Trading Tools'). These Trading Bots are designed to assist users in placing orders and executing transactions using predetermined execution methodologies. Our selection of Trading Bots within the Futures Trading Services includes, but is not limited to, Futures Grid Trading, TWAP (Time Weighted Average Price), and VP (Volume Participation) algorithmic trading tools. Detailed information about these Trading Bots can be found here.
2.User Responsibility in Using Trading Bots:
You acknowledge and agree that the decision to use any Trading Bot rests entirely with you. It is your responsibility to choose an appropriate Trading Bot based on your investment objectives and requirements. Additionally, you must configure the parameters and execution methodology for your chosen Trading Bot, ensuring alignment with any transaction-related restrictions or conditions.
3.Risks and Limitations:
MyITS bears no liability for your choice of Trading Bot, the parameters you select, or the execution methodology you employ. This holds true whether these parameters were recommended or pre-populated on the platform. MyITS does not assess your objectives when you make a choice or use any Trading Bot. The use of Trading Bots is entirely at your discretion and risk. We do not guarantee Trading Bot outcomes and are not accountable for any losses arising from their use. Information provided by Trading Bots, including recommended parameters, does not constitute investment advice or recommendations concerning transaction suitability or execution methodology. You understand that the use of Trading Bots must comply with applicable laws and regulations.
4.Controls and Impact on the Market:
Should MyITS determine that a Trading Bot's use could negatively affect the market or liquidity availability or to ensure compliance with applicable laws, including regulatory requests or restrictions, you consent to MyITS exercising specific controls at its discretion. These controls may encompass order and transaction cancellations initiated by a Trading Bot and restrictions on Trading Bot usage and availability for futures orders and transactions.
5.Acknowledgment of Risks:
Through your use of any Trading Bot, you acknowledge and accept the risks detailed in MyITS's Trading Bot Terms. We strongly advise you to read and fully comprehend these risks before employing any Trading Bot.
6.Separate Trading Bots Account:
MyITS may establish a distinct account, termed a 'Trading Bots Account', for orders executed by users through specific Trading Bots. This separation is intended to differentiate these transactions from standard futures transactions conducted by the user, which are recorded within the user's Futures Account. You are responsible for monitoring each Trading Bots Account established on your behalf and ensuring it maintains sufficient digital assets to cover associated payments, encompassing fees and margin requirements.
7.Risk Disclaimer:
Investment entails inherent risks and is not entirely secure. The value of digital assets can experience significant fluctuations, potentially resulting in gains or losses. Please select suitable strategies based on your financial situation. Due to market conditions, there is a possibility of experiencing neither profit nor loss. You understand the risks associated with digital currency and derivative trading. By utilizing this platform and engaging in digital currency and derivative trading, you assume all associated risks.
8.MyITS Platform Risk Disclaimer:
MyITS explicitly disclaims any responsibility for these risks. It is explicitly stated that the subscribed trading packages are structured on designated exchanges, and MyITS will not be responsible for any financial losses incurred on the Exchange platform. This platform does not belong to any exchange and is not supported or sponsored by any exchange entity. Consequently, it cannot control or manage the operation, security, and solvency of various exchanges. Please trade responsibly and stay informed about market risks.
9.In cases where terms and conditions are not explicitly covered, you may refer back to the original Binance terms and conditions.