Risk Disclaimer
Last updated: [DATE]. This page is a plain-language summary for users. It is not a substitute for the full Terms of Service and does not constitute legal, financial, or tax advice. Bitway FX Markets recommends you consult a qualified professional before depositing funds.
1. This is a custodial platform
Unlike the Bitway FX Markets AI Bot product, this trading platform is custodial. When you deposit USDT, it is transferred to a wallet address controlled by Bitway FX Markets. You do not retain individual on-chain control of deposited funds. Your account balance shown on the dashboard is an internal ledger entry maintained by Bitway FX Markets, not a balance you can move directly on-chain.
2. Trades are executed against Bitway FX Markets, not a public market
When you open a position, Bitway FX Markets quotes you a price derived from third-party market data plus a spread, and takes the opposite side of your trade internally. You are not being matched with another trader or routed to an external exchange order book. This allows for instant execution without the slippage that can occur on public markets, but it also means:
- Your profits are paid out of Bitway FX Markets' pooled funds.
- Your losses are retained by Bitway FX Markets.
- Bitway FX Markets has a direct financial interest in the outcome of your trades.
AlgoBot is different. Trades placed automatically by AlgoBot are routed to the Binance exchange and executed on its live market. Bitway FX Markets is not the counterparty to those trades and, like any trade on a live market, they can be affected by slippage and partial fills.
3. Withdrawals are not instant
Withdrawal requests are queued and reviewed by Bitway FX Markets before funds are released, typically within 24 hours. This manual step exists to detect fraud and account compromise. It also means Bitway FX Markets has discretion over the timing of withdrawal releases, and in cases of suspected fraud, violation of our Terms of Service, or unresolved KYC requirements, a withdrawal may be delayed or declined pending review.
4. You can lose your whole position
This platform does not offer leverage: a position uses only the amount you commit to it. You can still lose all of that amount, and prices can move quickly. Only trade with funds you can afford to lose.
5. No guarantee of fund availability
Bitway FX Markets maintains a buffer between total user balances and total open exposure, but this buffer is not a guarantee. In extreme market conditions or in the event of platform insolvency, Bitway FX Markets may be unable to honor withdrawal requests in full or in a timely manner. This platform is not insured by any government deposit insurance scheme.
6. Regulatory status
[Bitway FX Markets to insert accurate statement of its licensing status in each jurisdiction it operates in. If unlicensed, users should be told plainly that the platform is not licensed or regulated as a broker, exchange, or money transmitter, and what that means for their legal recourse.]
By depositing funds, you acknowledge you have read and understood this disclaimer.