Risk Disclaimer

Options are complex financial instruments that carry significant risks. Understanding these risks is essential before engaging in options trading:

The Trading School and all educational materials are designed to teach concepts and strategies. They should not be interpreted as recommendations to make specific trades.

When using educational content, you should:

• Conduct your own research and due diligence
• Consider your personal financial situation and goals
• Consult with a licensed financial advisor if needed
• Practice with paper trading before using real money

Any examples, case studies, or historical performance data shown on FainTrading are for educational purposes only and should not be used to predict future results:

• Historical examples may not reflect current market conditions
• Backtesting results are hypothetical and may not reflect real trading
• Paper trading results differ from live trading due to slippage and emotions
• Market conditions change and strategies that worked before may not work in the future

Paper trading on FainTrading simulates order execution using market data. Live trading replaces those simulations with real orders routed to your broker and the exchange. The gap between the two can be large, especially on options.

• No capital at risk: paper orders do not move money, affect your margin, or create real positions with your broker.
• Spread and slippage: live orders must cross the bid-ask spread. On out-of-the-money or low-volume options, the spread can exceed 10% of the contract price, while the simulator may fill closer to the theoretical mid.
• Partial fills and latency: large orders may fill in pieces at worse prices. Submission-to-fill latency is usually sub-second but can spike to several seconds during high-volatility events.
• Commissions, regulatory fees, and exchange fees: live trades incur per-contract broker commissions and per-contract regulatory fees (OCC, SEC, FINRA) that the simulator may not reproduce exactly.
• Margin, buying power, and assignment: your broker enforces margin requirements and may close or exercise positions without notice (assignment on short options, margin calls). The simulator cannot fully model these broker-side decisions.
• Emotional and behavioral factors: discipline under real P&L and unrealized loss differs substantially from simulated trading. Historical simulator results do not predict how you will behave live.

FainTrading does not provide a trading bot, automated signals, or broker execution. School, News, and Practice are educational. Practice uses simulated prices and virtual cash.

Practice and educational content:

• May return incorrect, outdated, or fabricated information (model hallucinations), including invented ticker data, prices, or strategy parameters
• May be delayed — signals, quotes, and analytics rely on data feeds that can lag real market prices by seconds or minutes, especially on low-liquidity instruments
• Do not replace professional financial, investment, or tax advice and must not be the sole basis for any trading decision
• Practice cannot submit, cancel, or modify a real brokerage order.
• Does not send orders to a broker. FainTrading is not a broker and does not hold client funds.
• Do not treat a simulated position as a live brokerage position.

Lesson text and Practice results are educational. They are not investment advice or personal recommendations, and they are never a signal to trade.

FainTrading does not provide a trading bot, portfolio management, or discretionary trading.

• There is no automation that opens, adjusts, or closes a brokerage position.

• Practice results on FainTrading are simulated. They are not live, executed performance.
• Simulated results benefit from hindsight and do not fully model spreads, slippage, commissions, liquidity, margin enforcement, or your own behavior under real risk.
• Simulated figures are shown for educational purposes only; past performance — real or simulated — is not a reliable indicator of future results.

Where other users' performance is displayed (shared journal results, community statistics, leaderboards), it is an educational record of what another user reportedly did — not a recommendation to trade, follow, or copy anyone.

• Community performance is shown for educational purposes only and is not investment advice or an offer or solicitation to follow any strategy or user.
• We do not compensate community members for being followed and have no revenue-sharing arrangement tied to the performance they display.
• Reported results may be simulated (paper trading), selectively shared, unverified, or affected by hindsight, and typically differ from results you could obtain.

Practice prices are simulated. News articles come from third-party vendors. Availability depends on those vendors and on our own rate limits.

• Delayed vs real-time data: depending on your data entitlements, quotes may be delayed by several minutes. Treat any quote older than its displayed timestamp as potentially stale.
• Rate limits: our servers enforce per-user limits on quote requests, chart requests, and websocket messages. When a limit is hit, older cached values may be displayed until fresh data arrives.
• Gaps and outages: provider outages, exchange halts, holidays, and after-hours periods can leave quotes empty, frozen, or unreliable — especially for illiquid options contracts.
• Computed values: Greeks, implied volatility, probability of profit, and similar analytics are computed using standard options-pricing models (Black-Scholes and binomial approximations). These are estimates, not traded prices.
• Corporate actions: splits, special dividends, ticker changes, and option-series adjustments may take time to propagate into strikes, deltas, and P&L. Re-check a simulated position after a split, dividend, or ticker change.

By using FainTrading, you acknowledge and agree that:

• You are solely responsible for your trading decisions
• You should only trade with capital you can afford to lose
• You will conduct your own research before trading
• You understand the risks associated with options trading
• You will seek professional advice if needed
• You are of legal age to trade in your jurisdiction

FainTrading is operated by Faintech Solutions SRL, a registered software company. We are NOT a registered broker-dealer, investment advisor, or financial institution in any jurisdiction.

FainTrading does not offer live trading. Trading at a broker outside this product is governed by that broker's terms and by the regulator in your jurisdiction.

If you have questions about this Risk Disclaimer, please contact us at support@faintrading.com.