Terms of Service

1. Agreement to Terms

By accessing or using AlphaRules (the “Service”), operated by Ant vs Bear Ltd, 128 City Road, London, United Kingdom, EC1V 2NX (Company No. 15391307) (“AlphaRules”, “we”, “us”, or “our”), you (“User”, “you”, or “your”) agree to be bound by these Terms of Service (“Terms”). If you do not agree to these Terms, do not use the Service.

We reserve the right to modify these Terms at any time. We will notify you of material changes by email or by posting a notice on the Service at least 30 days before the changes take effect. Your continued use of the Service after changes become effective constitutes acceptance of the revised Terms.

2. Important Investment Disclaimer

3. No Fiduciary Relationship

Your use of the Service does not create an investment advisory, fiduciary, or any other professional relationship between you and AlphaRules. We owe you no fiduciary duty. We do not know and do not take into account your financial situation, investment objectives, risk tolerance, time horizon, tax situation, or any other personal circumstances.

The Service provides tools that allow you to define your own investment screening rules and view the results. The outputs are generated mechanically based on the rules you define, applied to publicly available financial data. AlphaRules does not originate, endorse, or recommend any specific investment decision.

4. User Sole Responsibility

You accept sole responsibility for:

1. Evaluating the merits and risks of any investment decision you make;
2. Any consequences, financial or otherwise, of investment decisions you make based on information obtained from the Service;
3. Verifying the accuracy, completeness, and timeliness of any data, analysis, or output provided by the Service before acting on it;
4. Determining whether any investment, security, strategy, or other product or service is appropriate or suitable for you based on your investment objectives and personal and financial situation;
5. Complying with all applicable laws and regulations in your jurisdiction relating to the purchase, sale, or holding of securities.

AlphaRules does not verify, and is not responsible for, the investment decisions you make or the outcomes of those decisions.

5. Past Performance and Backtest Disclaimer

The Service may display backtested performance data, historical returns, model portfolios, and hypothetical performance results. You acknowledge and agree that:

1. Past performance is not a guarantee or indicator of future results. Historical returns, whether actual or backtested, do not guarantee future performance.
2. Backtested performance is not an indicator of future results. Backtested results are hypothetical, have inherent limitations, and do not represent actual trading. No representation is made that any account will or is likely to achieve profits or losses similar to those shown.
3. Backtest limitations include, but are not limited to: survivorship bias, look-ahead bias, the inability to account for transaction costs, slippage, market impact, taxes, and the fact that backtests are designed with the benefit of hindsight.
4. Model portfolios displayed by the Service are hypothetical and do not represent actual client accounts. Actual results would differ due to timing of trades, fees, taxes, and market conditions.
5. Any performance data, statistics, or metrics displayed by the Service (including but not limited to CAGR, Sharpe ratio, maximum drawdown, alpha, and win rate) are calculated based on historical data and assumptions that may not hold in the future.

6. AI and Algorithmic Output Disclaimer

The Service uses artificial intelligence (“AI”) and algorithmic systems to assist with stock screening, ranking, portfolio construction, and generating suggestions. You acknowledge and agree that:

1. AI systems calculate probabilities, not certainties. AI-generated outputs, suggestions, and analysis are computational outputs based on patterns in historical data and should not be treated as predictions, guarantees, or professional advice.
2. AI outputs may contain errors, inaccuracies, or biases inherent in the underlying models, training data, or algorithms.
3. AI suggestions are informational tools to help you explore options — they are not personal recommendations.
4. The AI does not know your financial situation, objectives, or risk tolerance. It responds to the parameters you set, not to your personal circumstances.
5. You should independently verify any AI-generated output before making investment decisions.

7. Third-Party Data Disclaimer

The Service incorporates financial data, market data, and other information from third-party data providers. You acknowledge and agree that:

1. AlphaRules does not guarantee the accuracy, completeness, timeliness, or reliability of any third-party data displayed on the Service.
2. Financial data may be delayed, incomplete, or contain errors. Data feeds may experience interruptions or outages.
3. AlphaRules is not responsible for any errors, omissions, or inaccuracies in third-party data, or for any actions you take in reliance on such data.
4. You should verify all data independently before making investment decisions.

8. Eligibility and Account Registration

1. You must be at least 18 years old (or the age of majority in your jurisdiction) to use the Service.
2. You must provide accurate, current, and complete registration information and maintain the accuracy of such information.
3. You are responsible for maintaining the confidentiality of your account credentials and for all activity that occurs under your account.
4. You must notify us immediately of any unauthorised use of your account.
5. The Service is intended for self-directed investors. If you are acting on behalf of a third party, you represent that you have the authority to bind that party to these Terms.

9. Permitted Use

You may use the Service for your personal, non-commercial investment research and education. You may not:

1. Redistribute, resell, sublicence, or commercially exploit any data, analysis, screening results, backtest results, or other content from the Service without our prior written consent;
2. Use the Service to create, market, or distribute competing investment products or services;
3. Use the Service to provide investment advice to third parties for compensation (doing so may subject you to investment adviser registration requirements under applicable law, including the U.S. Investment Advisers Act of 1940, the UK Financial Services and Markets Act 2000, or the SEBI (Investment Advisers) Regulations 2013);
4. Use automated systems, bots, or scripts to access the Service in a manner that exceeds reasonable use or places an unreasonable load on our infrastructure;
5. Attempt to reverse-engineer, decompile, or extract the algorithms, models, or proprietary methods used by the Service;
6. Use the Service for any unlawful purpose or in violation of any applicable law or regulation.

10. Intellectual Property

1. The Service, including its design, features, algorithms, AI models, branding, and content (excluding third-party data and user-created strategies), is owned by Ant vs Bear Ltd and protected by intellectual property laws.
2. Investment rules, strategies, and configurations you create using the Service (“User Strategies”) remain your intellectual property.
3. By using the Service, you grant AlphaRules a non-exclusive, royalty-free licence to process your User Strategies for the purpose of operating the Service (e.g., running screens, generating backtests, sending alerts).
4. AlphaRules may use anonymised, aggregated data derived from usage of the Service for product improvement, research, and community features — including displaying aggregate rule popularity, historical performance of rule combinations, and AI debate accuracy statistics within the Service. This data is always anonymised and cannot be used to identify you or your individual strategies. No individually identifiable User Strategies will be disclosed without your consent.

11. Subscription and Payment

1. Certain features of the Service require a paid subscription. Subscription tiers, pricing, and features are described on the Service’s pricing page.
2. Subscriptions are billed in advance on a recurring basis (monthly or annually, as selected). You authorise us to charge your designated payment method for all applicable fees.
3. Auto-renewal: Subscriptions automatically renew at the end of each billing period unless you cancel before the renewal date.
4. Cancellation: You may cancel your subscription at any time through your account settings. Cancellation takes effect at the end of the current billing period. No partial refunds are provided for unused portions of a billing period.
5. Price changes: We may change subscription prices with at least 30 days’ notice. Price changes take effect at the start of the next billing period following notice.
6. Refunds: Refunds are provided at our sole discretion. We may offer refunds within 14 days of initial purchase for first-time subscribers who have not extensively used premium features.

12. Limitation of Liability

13. Disclaimer of Warranties

14. Indemnification

You agree to indemnify, defend, and hold harmless Ant vs Bear Ltd, its officers, directors, employees, agents, and affiliates from and against any claims, damages, losses, liabilities, costs, and expenses (including reasonable legal fees) arising out of or related to:

1. Your use of the Service;
2. Your investment decisions, whether or not based on information obtained from the Service;
3. Your violation of these Terms;
4. Your violation of any applicable law, regulation, or third-party right;
5. Any content or data you submit to the Service.

15. Geographic Restrictions and Regulatory Compliance

15.1 General

The Service is not directed at or intended for distribution to any person or entity in any jurisdiction where such distribution or use would be contrary to law or regulation, or which would subject AlphaRules to any registration requirement within such jurisdiction.

Users are solely responsible for ensuring that their use of the Service complies with all applicable laws and regulations in their jurisdiction.

15.2 United Kingdom

The Service does not constitute a financial promotion as defined by the UK Financial Services and Markets Act 2000 or the FCA’s financial promotion rules. AlphaRules is not authorised or regulated by the Financial Conduct Authority. The protections provided by the FCA for regulated activities do not apply to the use of this Service.

15.3 United States

AlphaRules is not registered as an investment adviser under the U.S. Investment Advisers Act of 1940, nor as a broker-dealer under the Securities Exchange Act of 1934. The Service operates as a publisher of impersonal investment information and a self-directed screening tool. No content on the Service constitutes a recommendation by AlphaRules that any particular security, transaction, or investment strategy is suitable for any specific person.

15.4 India

AlphaRules is not registered with the Securities and Exchange Board of India (SEBI) as an investment adviser under the SEBI (Investment Advisers) Regulations 2013, nor as a research analyst under the SEBI (Research Analysts) Regulations 2014.

The Service is a self-directed stock screening and portfolio analysis tool. It does not provide stock tips, buy/sell calls, or personalised investment recommendations. All outputs are generated mechanically based on rules defined by the user.

Indian users are advised that investments in securities markets are subject to market risks. Users should read all related documents and consult a SEBI-registered investment adviser before making investment decisions. The Service does not facilitate the purchase, sale, or holding of securities on any Indian stock exchange.

15.5 Other Jurisdictions

If you are located in a jurisdiction that restricts access to stock screening tools, investment research platforms, or similar services, you must not use the Service. It is your responsibility to determine whether your use of the Service is lawful in your jurisdiction.

16. Termination

1. You may terminate your account at any time by contacting us or through your account settings.
2. We may suspend or terminate your account at any time, with or without cause, with or without notice, including but not limited to cases where we believe you have violated these Terms.
3. Upon termination, your right to use the Service ceases immediately. We may retain your data in accordance with our Privacy Policy and applicable law.
4. Sections 2, 4, 5, 12, 13, 14, and 17 survive termination.

17. Governing Law and Dispute Resolution

1. These Terms shall be governed by and construed in accordance with the laws of England and Wales.
2. Any dispute arising out of or relating to these Terms or the Service shall first be attempted to be resolved through good-faith negotiation for a period of 30 days.
3. If the dispute cannot be resolved through negotiation, it shall be submitted to the exclusive jurisdiction of the courts of England and Wales.
4. Nothing in this section prevents either party from seeking injunctive or other equitable relief in any court of competent jurisdiction.
5. If you are a consumer in the European Union, United Kingdom, or India, nothing in this section affects your statutory rights, including any right to bring proceedings in your local courts.

18. Miscellaneous

1. Entire Agreement: These Terms, together with our Privacy Policy, constitute the entire agreement between you and Ant vs Bear Ltd regarding the Service.
2. Severability: If any provision of these Terms is found to be unenforceable in any jurisdiction, the remaining provisions shall continue in full force and effect.
3. Waiver: Our failure to enforce any provision of these Terms shall not be construed as a waiver of that provision or the right to enforce it.
4. Assignment: You may not assign your rights or obligations under these Terms without our prior written consent. We may assign our rights and obligations without restriction.
5. Force Majeure: AlphaRules shall not be liable for any failure or delay in performance due to circumstances beyond our reasonable control.
6. Language: These Terms are drafted in English. If translated into any other language, the English version shall prevail.

19. Contact