Key warnings

  • Trading can cause rapid and substantial loss. You may lose all funds committed to a trading account and, depending on the product, broker and account terms, potentially more.
  • Leverage magnifies exposure. A relatively small market movement can create a disproportionately large gain or loss, margin call, forced close-out or account breach.
  • Copying is not identical execution. A Destination account can receive a different price, size, timing or outcome from the Source account, or no execution at all.
  • Automation can multiply mistakes. An incorrect Source trade, route configuration, mapping rule or sizing setting may be replicated across multiple accounts before you intervene.
  • Account Protection is not insurance and does not guarantee that a trade will be stopped, a loss will be limited or an account-provider rule will be preserved.
  • Peer Copy means following another user's trading activity. CopierPilot does not select, recommend, verify or monitor a Master for skill, legality, suitability or performance.
  • Except where a confirmation control is triggered, copied trades may be transmitted automatically without approval for each individual trade.
  • Funds remain with your broker or account provider. CopierPilot does not hold trading funds and is not responsible for the broker's custody, solvency or execution obligations.

1. Purpose and scope

This Risk Disclosure applies to the CopierPilot software platform and its functions, including Trade Copier, Multi-Account Trade Copier, multi-platform and cross-platform connections, Account Protection, Analytics, Market Insights where available, and private Peer Copy.

You should read this document together with the Terms of Service, Privacy Policy, Subscription Disclosure and, where applicable, the Peer Copy Terms, Master Participation Agreement and Follower Risk Acknowledgement and Consent.

This disclosure cannot identify every possible risk. Markets, instruments, brokers, platforms, account types, technologies, laws and user configurations differ and may change. You are responsible for deciding whether trading and the Service are appropriate for you and lawful for your intended use.

2. CopierPilot is software, not trading advice

CopierPilot provides software infrastructure for connecting accounts, configuring routes, transforming trading events into Copy Instructions, transmitting those instructions through supported connections, monitoring status, displaying Analytics and applying configured risk controls.

CopierPilot does not:

  • provide a trading strategy or trade signals;
  • recommend an instrument, trade, Master, broker, platform or account provider;
  • decide whether a trade is suitable for you;
  • manage your broker account or hold your trading funds;
  • guarantee execution, profitability, capital preservation or legal compliance;
  • verify that a broker, platform or prop firm permits your intended use.

Information, Analytics, alerts, labels and confirmation prompts within the Service are product outputs, not personal investment advice, a recommendation to trade, or a representation that a trade is safe.

3. General trading and market risk

The value of a financial position may rise or fall rapidly. Loss can arise from ordinary market movement, gaps, volatility, illiquidity, unexpected news, economic events, market closures, price discontinuities, trading halts or changes in market structure.

Some products may be complex, speculative or difficult to value. These may include foreign exchange, contracts for difference, commodities, indices, shares, crypto-related instruments or other leveraged products where supported. Product availability in CopierPilot does not mean that a product is suitable, low risk or permitted for you.

You should use only funds you can afford to lose. You remain responsible for understanding each instrument, its contract specifications, costs, expiry or rollover mechanics, trading hours and potential maximum loss.

4. Leverage, margin and liquidation risk

Leverage allows market exposure greater than the equity in an account. It magnifies both gains and losses. A small adverse movement can substantially reduce equity and free margin.

Your broker or account provider may:

  • increase margin requirements;
  • reduce available leverage;
  • reject an order;
  • close positions without prior notice;
  • apply different close-out levels between account types;
  • charge financing, swap, commission, spread or other costs;
  • create a negative balance or other payment obligation where permitted by applicable terms and law.

CopierPilot does not control those decisions. A CopierPilot exposure threshold is not the same as broker margin, maximum possible loss, stop-out risk or a guarantee that sufficient free margin exists.

5. Risks of copying and automation

A Copy Route can act faster than a user could manually reproduce the same activity. This is a benefit of automation but also a material risk.

Except where a mandatory or configured confirmation control applies, a Copy Instruction may be transmitted automatically after the Source event has been detected and the route settings have been applied. You may therefore receive a position without reviewing that specific trade beforehand.

Automation can replicate:

  • a mistaken or unintended Source order;
  • an unusually large position;
  • rapid sequences of positions;
  • adding to a losing position;
  • martingale or volume-doubling behaviour;
  • trades in an unfamiliar instrument;
  • a configuration or mapping error;
  • behaviour that conflicts with your broker or prop-firm rules.

The ability to pause a route, close a position or change settings does not guarantee that you can intervene before loss occurs.

6. Source and Destination results will differ

A Source event and a Destination execution are separate events on separate accounts. They may be processed by different brokers, servers, platforms, liquidity providers, account types or market conditions.

Differences may arise from:

  • network, platform, backend or broker latency;
  • price movement and slippage;
  • different spreads, commissions, swaps and financing;
  • different liquidity or execution models;
  • different contract sizes, minimum volumes and volume steps;
  • account currency and currency conversion;
  • leverage, margin and stop-out rules;
  • market hours, holidays and time zones;
  • netting versus hedging account modes;
  • symbol names, suffixes and mapping;
  • unsupported or incorrectly classified instruments;
  • minimum stop distances and order restrictions;
  • partial fills, order rejection or requotes;
  • insufficient margin or account restrictions;
  • different position history or an existing position on the Destination;
  • platform maintenance, outage or disconnection.

A copied trade may be opened later, at another price, in another size, partially, in a modified form, or not at all. A close instruction may also be delayed, rejected or executed differently. These differences can materially change profit, loss and exposure.

7. Multi-account and cross-platform risk

Copying to multiple accounts can concentrate and multiply risk. One Source action may create exposure across several Destination accounts. A route error can therefore affect more than one account before it is identified.

Cross-platform copying introduces additional translation risk because account and order models may differ. A feature available on one platform may not have an exact equivalent on another. Order types, stop behaviour, hedging, netting, symbol specifications, contract sizes and precision may be transformed or may not be supported.

You must review every route separately. A setting appropriate for one account may be inappropriate for another because of balance, equity, leverage, currency, instrument availability, provider rules or risk limits.

8. Route configuration and sizing risk

You choose the Source, Destination, sizing, symbol mapping, execution options, filters and protection settings for your routes. An incorrect value can cause unintended exposure.

Examples include:

  • using fixed size where proportional sizing was intended;
  • applying an inappropriate multiplier;
  • mapping to the wrong symbol or contract;
  • copying into an account with substantially lower equity or leverage;
  • failing to account for existing positions;
  • disabling or relaxing an optional protection rule;
  • leaving a route active after your circumstances or provider rules change.

Review configuration before activation and after any account, balance, platform, broker or strategy change. Monitor the first trades and continue to monitor route health and account status.

9. Risk Controls and Account Protection do not remove risk

Peer Copy uses two separate layers. Mandatory Risk Controls are fixed platform controls that cannot be disabled and may hold or prevent a risk-increasing Copy Instruction. Account Protection is the Follower-configured Tier 2 layer and may hold an instruction, pause future copying or take another configured action shown in the product.

These controls are risk-management tools only. They are not insurance, a stop-loss guarantee, a capital guarantee, financial advice or a promise that intervention will occur before a loss, margin call, liquidation or account-rule breach.

Controls depend on accurate and timely data, correct instrument classification, connectivity and technical processing. They can be affected by fast markets, stale or missing account data, mapping errors, broker behaviour, platform limitations, application availability and user settings.

A rule may trigger only after a loss has already occurred. A pause stops future Copy Instructions but does not reverse previous trades or necessarily close existing positions.

10. Mandatory Peer Copy confirmation thresholds

The following mandatory platform controls apply to Peer Copy Destination routes under the current product specification. They cannot be disabled and a Follower may only make them stricter.

10.1 Per-trade new-exposure threshold

CopierPilot assesses the portion of an incoming Copy Instruction that increases net exposure. The current maximum new notional exposure before confirmation is:

Instrument category CopierPilot reference leverage Confirmation threshold
Major forex 30 6 times current equity
Minor forex, gold and major indices 20 5 times current equity
Other commodities and minor indices 10 2.5 times current equity
Individual equity CFDs 5 1.25 times current equity
Crypto CFDs 2 0.5 times current equity

Only instrument categories actually supported by CopierPilot apply. The reference leverage is an internal CopierPilot value for the control calculation. It is not the leverage granted by the broker.

Exceeding a threshold does not mean that CopierPilot has judged the trade unsuitable or unlawful. It means the Copy Instruction is held for the Follower's decision within the confirmation process. If the Follower confirms, the trade may still create substantial loss.

10.2 Cumulative exposure threshold

A Peer Copy Instruction is also held for confirmation where the total net notional exposure, including the new exposure created by that instruction, would exceed 15 times current equity.

This is not a maximum-loss calculation. Positions can lose more or less than implied by notional exposure, and broker margin or liquidation may occur below these thresholds.

10.3 Net-exposure and risk-reducing treatment

CopierPilot uses a net-exposure calculation intended to distinguish risk-increasing activity from activity that reduces existing exposure. In a hedging account, multiple signed positions may be combined for this assessment. In a netting account, the broker's net position is used.

A Copy Instruction assessed as closing or genuinely reducing net exposure is intended to proceed without being held under the risk-increasing thresholds. If an instruction crosses through zero and creates exposure in the opposite direction, the portion beyond zero is treated as new exposure.

This calculation is a software control. Execution, market movement, symbol mapping and broker treatment may cause the actual economic result to differ from the assessment. A risk-reducing instruction can still fail, be delayed or execute at an unfavourable price.

11. Configurable Account Protection rules

A Follower may configure additional controls. Available controls may include:

  • maximum simultaneous positions for a symbol and direction;
  • volume-doubling or martingale detection;
  • adding to a position already in loss;
  • first copied use of a new instrument on a route;
  • daily realised-loss limits;
  • drawdown from a stored equity high-water mark;
  • consecutive losing closed trades;
  • an absolute equity floor;
  • a permitted trading window.

Initial launch defaults are: maximum 3 positions per symbol/direction; martingale-factor trigger 2×; adding to a losing position at 30 pips; new-instrument protection ON; daily realised-loss trigger −5%; high-water-mark drawdown trigger −25%; and losing-streak trigger 4. The equity floor has no default and the trading window is OFF by default. Trade-triggered rules may create a confirmation request and account-state rules may pause copying. If a user later enables a trading window, the default outside-window action is to pause new Copy Instructions; any close action must be a separate explicit user choice with a warning.

Closing or pausing is not guaranteed. A broker may reject or delay a close, the market may move, a connection may fail, or an account may already have incurred additional loss. High-water marks, realised-loss calculations and losing-streak counters depend on available account history and stored data.

12. Hold-for-confirmation risk

Where a rule triggers, CopierPilot may send an in-app confirmation request. The confirmation window is 120 seconds. Email is not used for time-sensitive confirmation under the current specification.

Important limitations include:

  • the confirmation window is limited and is displayed in the product;
  • if no response is received in time, the Copy Instruction is not executed;
  • if the required account-state query fails or times out, the instruction is not executed;
  • price, free margin, equity and market conditions may change while the instruction is waiting;
  • relevant account state is intended to be checked again before execution;
  • confirmation does not guarantee that the broker will accept or execute the order;
  • declining or missing a trade can cause the Destination to diverge further from the Source;
  • a later close or hedge from the Source may no longer correspond to the Destination position.

A confirmation prompt explains triggered software rules. It is not a recommendation from CopierPilot to accept or reject the trade. The decision remains yours.

13. Fail-closed behaviour and missed trades

Some CopierPilot controls use fail-closed behaviour. Where required data or confirmation is unavailable, the Copy Instruction is not sent.

Fail-closed behaviour can reduce the risk of sending an unevaluated trade, but it creates other risks. A missed opening trade, close, hedge or adjustment can leave the Destination in a different position from the Source. Later copied instructions may then have a different effect than intended.

You must monitor for missed, rejected, held, expired and failed instructions and manage the Destination directly with the broker when necessary.

14. Pausing, disconnecting and open positions

Pausing, disabling or ending a Copy Route stops new Copy Instructions only. It does not automatically close positions already held at the broker.

Open positions remain exposed to market movement, financing, margin and liquidation. Before pausing, disconnecting an account or ending a relationship, review all open positions and pending orders. A separate instruction to close may be required.

If a feature offers an option to close positions, review the warning and selected scope carefully. A close attempt may be delayed, partially filled or rejected.

15. Peer Copy-specific risks

Peer Copy is a private, invite-only software connection between a Master and a Follower. The Follower independently selects the Master and configures their own Destination, sizing, protection and risk settings.

CopierPilot does not:

  • recommend or introduce the Master;
  • verify the Master's skill, experience, legality or strategy;
  • rank, rate or publish Master performance;
  • determine whether the strategy is suitable for the Follower;
  • guarantee that the Master acts honestly or consistently;
  • monitor private communications outside the platform;
  • support payments or commercial access between peers.

A Master can change trading style, increase risk, trade new instruments, stop trading, experience loss, disconnect a Source or make an error without advance notice to the Follower. Historical results, private statements or a period of profitable trading do not predict future results.

The Master does not see the Follower's balance, equity, margin, positions, trades, profit or loss, or personal Analytics. The Master therefore cannot adapt the strategy to the Follower's account and is not monitoring the Follower's individual risk.

A Master may have up to 50 Follower Relationships in Active or Paused state at the same time. Only an Ended or Terminated Relationship releases capacity. That capacity limit is a product control only. It does not verify the Master, reduce trading risk or establish suitability.

Peer Copy is permanently non-commercial under the current product. Paying or receiving any direct or indirect consideration connected with copied trades is prohibited and may lead to suspension or permanent account termination. This prohibition does not itself determine whether the activity is lawful in a particular jurisdiction.

16. Analytics and Market Insights limitations

Analytics and Market Insights, where available, are based on account data, calculations, classifications and historical information. They may be delayed, incomplete, inaccurate or affected by missing history, partial connections, symbol mapping, account resets, time zones, data-provider changes or calculation assumptions.

Metrics such as profit, drawdown, exposure, win rate, streaks, risk labels or comparisons do not predict future performance and should not be treated as advice or a complete account statement. Verify material information against your broker or account provider.

17. Third-party broker, platform and provider risk

CopierPilot depends on independent brokers, platforms, APIs, expert advisers, bridges, servers, networks, hosting and other providers.

A third party may change, restrict, suspend or discontinue access without CopierPilot's control. Third-party outages, maintenance, rate limits, authentication changes, account restrictions, market-data errors or software updates may interrupt copying or monitoring.

Your broker or account provider is responsible for custody and execution under its own terms. Protections relating to client money, negative balances, compensation schemes, insolvency or complaints depend on the provider and jurisdiction. CopierPilot does not hold your trading funds and cannot restore broker-held funds.

18. Broker and prop-firm permission

A supported technical connection does not mean that the relevant broker, platform or prop firm permits trade copying, expert advisers, APIs, multiple accounts, account coordination or the specific configuration you use.

Provider rules can change and can differ between challenge, funded, retail, professional and other accounts. Use of copying software may lead to warning, trade cancellation, loss of account status, forfeiture, suspension or termination by the provider.

You must check current provider rules before use and continue to monitor them. CopierPilot does not guarantee compliance with any provider's rules.

19. Technology, security and availability risk

No software or network is uninterrupted or completely secure. Risks include:

  • internet, power, VPS, device or application failure;
  • delayed or missing notifications;
  • account-side EA or bridge failure;
  • authentication expiry or revoked access;
  • software defects or incompatible updates;
  • malicious activity or unauthorised account access;
  • incorrect user actions;
  • data corruption, stale data or logging gaps.

Use available security controls, including two-factor authentication where offered. Protect devices, credentials and Invite Keys. Review account connections and revoke access that is no longer needed.

You must retain the ability to access and manage the broker account directly. Do not rely on CopierPilot as the only way to monitor or close a position.

21. Your responsibilities

Before and during use, you should:

  • understand the instruments and leverage involved;
  • use accounts you own, control or are authorised to use;
  • confirm broker, platform and prop-firm permission;
  • test route settings with appropriate caution;
  • use sizing suitable for each Destination account;
  • review symbol mapping and contract specifications;
  • configure protection settings and understand their limitations;
  • monitor open positions, free margin, route health and notifications;
  • keep direct broker access available;
  • respond promptly to errors, confirmation prompts and account changes;
  • stop copying and seek appropriate professional advice where you do not understand the risk.

23. Acknowledgement

By accepting the Terms of Service or an applicable role agreement and using the Service, you acknowledge that:

  • you have read and understood this Risk Disclosure;
  • trading, leverage, copying and automation can cause substantial loss;
  • you remain responsible for your accounts, settings, monitoring and decisions;
  • software controls and confirmation thresholds do not make a trade safe;
  • Peer Copy may transmit trades automatically except where a confirmation control applies;
  • CopierPilot does not recommend or verify Masters or guarantee results;
  • you can pause copying and manage positions directly with your broker, but intervention may not prevent loss.

24. Contact and document updates

Questions about this Risk Disclosure may be submitted through the Contact page. We may update this Disclosure as the Service or its risk controls change. Material updates will be reflected by a new version or effective date.

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