Full Disclosure & Risk Disclaimer

Last updated: 08/13/2025

About CYPHER
CYPHER is a financial education and trading software company. We provide algorithmic trading tools, resources, and market insights to help users make more informed trading decisions. We do not provide personalized investment or trading advice, manage client accounts, or guarantee profits or specific financial results. Our products and services are intended for educational purposes only.

Past Performance Disclaimer
Past performance is not indicative of future results. Any performance statistics, account statements, or trade history displayed may represent top-performing accounts and are not typical. From January 2023 onward, CYPHER has compiled verified account data from clients who voluntarily connected their broker accounts to third-party tracking platforms such as Myfxbook or FX Blue. Reported returns do not include mid-period deposits or withdrawals, which may materially impact the results. Differences in account size, risk settings, market selection, and duration of use will all affect individual performance outcomes.

Risk Warning
Trading foreign exchange (Forex), commodities, indices, or cryptocurrencies on margin involves a high level of risk and may not be suitable for all investors. Leverage can magnify both gains and losses. Before deciding to trade, consider your investment objectives, evaluate your level of experience, and assess your risk tolerance. You could lose some or all of your initial investment, and you should never trade with money you cannot afford to lose. You should fully understand all risks and, if necessary, seek independent financial advice.

Regulatory Status
The purchase, sale, or advisory activity regarding Forex, commodities, or securities should only be conducted by individuals or entities registered with or exempt from registration by the appropriate regulatory authorities such as the Commodity Futures Trading Commission (CFTC), the Securities and Exchange Commission (SEC), and state-level regulators. CYPHER, its affiliates, and its team members are not registered as brokers, dealers, investment advisers, or commodity trading advisors.

Educational Purpose Only
All information provided by CYPHER is for general educational purposes and does not take into account your personal financial situation, objectives, or needs. You are solely responsible for any investment decisions you make.

Hypothetical Performance Disclaimer
CFTC Rule 4.41 / NFA Rule 2-29 Notice: Simulated or hypothetical performance results do not represent actual trading and may not accurately reflect the impact of real-world market conditions such as liquidity, slippage, and execution quality. Hypothetical trading is prepared with the benefit of hindsight and cannot account for the psychological and financial factors that affect live trading, such as the ability to handle losses or adhere to a plan during drawdowns. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Actual results can and often do differ substantially from hypothetical results due to numerous variables, including but not limited to market volatility, trade execution quality, risk settings, and individual trader discipline.

Final Note
Trading and investing involve risk. You are solely responsible for evaluating your own financial condition and making independent decisions. Do not risk capital you cannot afford to lose.

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