Risk notice and disclaimer

Nothing here is advice

This site is an educational reference. Nothing published on it is financial, investment, legal or tax advice, and nothing on it is a recommendation to use, avoid, fund or withdraw from any exchange, broker, custodian or other venue.

No venue is verified, endorsed, audited or vetted here. Working through the checks described on this site is not a certification of anything and does not establish that a venue is safe, solvent or suitable.

The checks are not a guarantee

The checks described here reduce a large field quickly using information that is free and public. They cannot establish solvency, they cannot see a balance sheet, and firms that would pass every one of them have failed.

Nothing on this site should be treated as due diligence performed on a reader's behalf.

Trading carries the risk of loss

Trading financial instruments, including cryptoassets and derivatives on them, carries the risk of losing the money committed. Leveraged positions can be closed automatically when margin is exhausted, and losses can in some products exceed the amount deposited.

Past performance, whether real, simulated or backtested, does not indicate future results. This applies to every figure, chart or example described anywhere on this site.

No relationship is created

Reading this site does not create an advisory, fiduciary, brokerage or client relationship of any kind. There are no accounts, no services and no transactions.

Accuracy and limits

The material here is published in good faith and reviewed for accuracy, but it is general in nature, may become out of date, and may contain errors. Regulation, market structure and venue rules differ by jurisdiction and change over time.

Corrections are welcome and are handled as described in the editorial policy.

Third parties

This site does not endorse, verify or take responsibility for any external site it links to, including archived pages linked as evidence. Archive links are provided so that statements about this domain's history can be checked, not as an endorsement of their contents.

If you need advice

Speak to a professional authorised in your own jurisdiction. Registers of authorised firms and public warning lists about unauthorised ones are published by national financial regulators and are free to search.