Risk Disclaimer

1. No advice. LayTrader provides general information and a simulation. Nothing on LayTrader - trader lists, scores, rankings, follower counts, signals, notifications or simulated results - is investment, financial, legal or tax advice, a personal recommendation, or an offer or solicitation to buy or sell any asset.

2. Simulation only. All balances, positions, profits and losses in LayTrader are virtual. No real money is used and no orders are sent to any exchange.

3. Limits of simulated results. Simulated results can differ significantly from what real trading would produce, because:

• they are not real trades and assume execution at prices we observe, which may differ from prices you could actually get;
• the simulation models leverage and the margin set aside for each position, and it follows a trader's partial closes and additions proportionally; it does not model trading fees, funding payments, slippage or spreads, liquidation (a simulated position is closed only when the trader closes it, even if its loss exceeds its margin) or partial fills (every simulated order is assumed to be filled in full at the trader's price);
• there is a delay between a trader's action and our detection of it, and data can have gaps;
• traders can hide, change or close positions, or stop sharing them;
• traders shown may have been selected because they did well recently; that does not mean they will keep doing well.

4. Copying a trader in real life. A trader's results depend on their own capital, timing and risk choices. Copying them with a different amount, at a different time or at different prices will give different results. Traders can change their strategy, take extreme risks or stop trading without notice.

5. Crypto-asset risks. Crypto-asset prices are highly volatile and markets trade around the clock. Leverage multiplies both gains and losses, and leveraged positions can be liquidated quickly. Exchanges and other intermediaries can fail, suspend trading or restrict withdrawals. Laws and regulations can change, and some crypto-asset products may be restricted or prohibited for retail customers in your country. You can lose all of the money you invest.

6. Data and availability. Trader data comes from third parties, mainly Binance. It may be delayed, incomplete or wrong, and the Service or its notifications may be unavailable or late.

7. Your responsibility. Decide for yourself, only risk money you can afford to lose, check the rules that apply in your country, and consider getting advice from an independent, licensed adviser.

8. No relationship. LayTrader is not affiliated with, endorsed by or sponsored by Binance or by any trader shown.