Risk Disclaimer

Important Notice: Trading securities and options involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results.

1. Nature of Chainless

Chainless is a desktop trading application that provides enhanced interface functionality for Interactive Brokers accounts. We are an independent software provider and are not affiliated with, endorsed by, or sponsored by Interactive Brokers LLC or any of its affiliates.

2. What Chainless Provides

Our application offers:

  • Enhanced user interface for options trading
  • Multi-symbol options chain display
  • One-click order execution tools
  • Real-time position and P&L tracking
  • Technical tools to facilitate trading decisions

3. What Chainless Does NOT Provide

3.1 No Investment Advice

Chainless does not provide:

  • Investment advice or recommendations
  • Financial planning services
  • Market analysis or predictions
  • Trading strategies or signals
  • Portfolio management services

3.2 No Guarantee of Performance

We do not guarantee:

  • Profitability of any trades
  • Accuracy of market data or calculations
  • Uninterrupted service availability
  • Error-free software operation
  • Compatibility with all systems or configurations

4. Trading Risks

4.1 General Trading Risks

All trading involves risk, including but not limited to:

  • Market Risk: Securities prices can fluctuate dramatically
  • Liquidity Risk: You may not be able to exit positions when desired
  • Volatility Risk: Rapid price movements can result in significant losses
  • Leverage Risk: Using margin can amplify both gains and losses

4.2 Options Trading Risks

Options trading carries additional risks:

  • Time Decay: Options lose value as expiration approaches
  • Total Loss: Options can expire worthless, resulting in 100% loss
  • Assignment Risk: Short options positions may be assigned at any time
  • Complex Strategies: Multi-leg strategies involve multiple risks
  • Early Exercise: American-style options may be exercised before expiration

4.3 Technology Risks

Using trading software involves technological risks:

  • System Failures: Hardware or software malfunctions
  • Connectivity Issues: Internet or network disruptions
  • Data Delays: Market data may be delayed or inaccurate
  • Order Execution: Orders may not execute as expected
  • Platform Downtime: Temporary unavailability of trading platforms

5. User Responsibilities

As a user of Chainless, you are responsible for:

  • Understanding the risks associated with trading
  • Making your own investment decisions
  • Verifying all order details before submission
  • Monitoring your positions and account
  • Understanding options mechanics and strategies
  • Complying with all applicable laws and regulations
  • Maintaining adequate risk management practices

6. Limitation of Liability

To the maximum extent permitted by law, Chainless and its developers shall not be liable for:

  • Any trading losses or missed opportunities
  • Damages resulting from system failures or errors
  • Losses due to delayed or inaccurate data
  • Consequences of unauthorized access to your account
  • Any indirect, incidental, or consequential damages

7. Regulatory Considerations

7.1 Pattern Day Trading Rules

Users must comply with SEC Pattern Day Trading rules, which require accounts with less than $25,000 to limit day trades to three round trips in any five business day period.

7.2 Tax Implications

Trading activities may have significant tax implications. Consult with a qualified tax professional regarding your specific situation.

7.3 Regulatory Compliance

Users are responsible for compliance with all applicable securities laws and regulations in their jurisdiction.

8. Professional Advice Recommendation

Before engaging in trading activities, especially options trading, we strongly recommend:

  • Consulting with a qualified financial advisor
  • Obtaining proper education about trading and options
  • Understanding your risk tolerance and financial situation
  • Starting with paper trading to gain experience
  • Reading all relevant prospectuses and risk disclosures

9. Third-Party Services

Chainless integrates with Interactive Brokers' trading platform. We are not responsible for:

  • Interactive Brokers' terms of service or policies
  • Order execution by Interactive Brokers
  • Market data provided by third parties
  • Interruptions in third-party services

10. Educational Resources

We recommend familiarizing yourself with these educational resources:

  • Options Clearing Corporation (OCC) publications
  • SEC investor education materials
  • FINRA educational content
  • Interactive Brokers educational resources

Final Warning: Only trade with money you can afford to lose. Never invest borrowed money or funds needed for living expenses.