Terms of Service

1Who you are contracting with

Nexlot is operated by the individual operating Nexlot, based in Germany. Correspondence reaches us at support@nexlots.com, and we will supply a postal address on request.

Nexlot is not a company. It is run by a private individual. We state this plainly rather than implying a corporate structure that does not exist. If that changes, these terms will be re-issued under a new version naming the company.

2What Nexlot is — and what it is not

Nexlot is software for research, testing, education and record-keeping. Every bot runs against exchange testnets — nothing here trades real money. Nothing on this site or in the applications is investment advice, a personal recommendation, a suitability assessment, or an offer to buy or sell any financial instrument.

Nexlot is software. You use it to record your own trades, write and test your own strategies, and — if you choose to connect your own exchange account — to execute the instructions your own strategy produces.

We are not authorised by BaFin, and we hold no licence from any other financial regulator. We do not need one for what the software does, because we neither advise nor manage money nor decide what anyone trades — but you should know it, rather than assume the protections that come with a regulated provider apply here. They do not.

Nexlot is not an investment adviser, broker, portfolio manager, or financial services provider. Specifically, and in each case without exception:

• We do not give investment advice, personal recommendations, or suitability assessments. Nothing in the software or on this site is a recommendation to buy, sell, or hold anything.
• We do not publish trading signals, and we do not sell them.
• We do not manage your money or your portfolio. We never hold your funds, and we never take custody of your assets.
• We do not decide what you trade. Every strategy that runs is one you wrote and configured, and every order originates from rules you set.

If you want advice about whether a strategy, an instrument, or trading at all is appropriate for you, ask a licensed adviser. We are not one, and we will not pretend otherwise to keep you as a user.

3Current status of the service

Nexlot is in construction and testing. At the date of this version:

• There are no public sign-ups.
• Nothing is for sale and no fee is charged.
• Automated execution runs against exchange testnets only. No bot places real-money orders.
• Features described on this website may change, be delayed, or be removed before release. Nothing here is a promise that a specific feature will ship.

Before any of that changes, these terms will be re-issued under a new version and you will be asked to accept it.

4Eligibility

You must be at least 18 years old and legally able to enter a contract. You must use Nexlot only for yourself — not on behalf of someone else, and not as a way of providing a financial service to third parties. If you are subject to sanctions, or you are in a jurisdiction where using this software or the exchanges you connect to it is unlawful, you may not use Nexlot.

5Your account and credentials

You are responsible for keeping your password and your session secure. Tell us promptly at support@nexlots.com if you think someone else has access to your account. Do not share one account between several people.

6Your strategies, and who is responsible for them

Strategies you write remain yours. We claim no ownership of them, and we do not sell them, publish them, or trade on them. We grant ourselves only the narrow, technical licence needed to store your strategy, run it when you tell us to, and show it back to you.

You are responsible for what your strategy does. That includes the logic, the parameters, the position sizing, the instruments, and the decision to run it. A strategy that behaves exactly as you wrote it and still loses money has not malfunctioned.

7Exchange and broker connections

Any API keys you connect are yours. You create them at your exchange or broker, you choose what permissions to give them, and you can revoke them at your exchange at any time, without our involvement. We recommend you never grant withdrawal permission to a key you connect here.

We encrypt stored credentials with AES-256-GCM, and some integrations store no credential at all — the Privacy Policy sets out exactly what is kept for each one. Encryption reduces risk; it does not eliminate it, and we do not claim otherwise.

Your relationship with your exchange or broker is between you and them, on their terms. We are not a party to it, we cannot reverse their decisions, and we are not responsible for their outages, rejections, fees, liquidations, or errors.

8Availability

We do not promise the service will be available, uninterrupted, or error-free. There is no uptime guarantee, and — while the service is free — no service level of any kind. Market data may be delayed, incomplete, or wrong, because it comes from third parties.

Do not build a position you cannot survive on the assumption that Nexlot will be reachable when you need it. Keep direct access to your exchange account so you can always close a position yourself.

9Liability

Nexlot is currently provided free of charge. Under German law the standard applicable to gratuitous provision applies, so our liability is limited to intent and gross negligence (by analogy to §§ 521, 599 BGB). This limitation ends if and when we begin charging for the service, and these terms will be re-issued at that point.

In every case, and regardless of the paragraph above:

• We are fully liable for damage arising from injury to life, body or health, for intent, for gross negligence, for fraudulently concealed defects, and under the Produkthaftungsgesetz. None of that is limited, and nothing below limits it.
• For slight negligence we are liable only where we breach an essential contractual duty — a Kardinalpflicht, meaning a duty whose fulfilment makes proper performance possible at all and on which you may routinely rely. In that case liability is limited to the foreseeable damage typical for this kind of contract.
• Any further liability for slight negligence is excluded.

Trading losses are not damage caused by us. Losses arising from your trading decisions, your strategies, market movements, or the acts of your exchange or broker are not attributable to Nexlot, and we accept no liability for them. The Risk Disclosure explains this in full, and it forms part of these terms.

10Your responsibility to us

If you use Nexlot in breach of these terms or the Acceptable Use Policy and a third party brings a claim against us because of it, you will indemnify us against that claim and the reasonable cost of defending it. This does not apply where you are not at fault.

11Time limit for claims

Claims against us that are not covered by the mandatory categories in clause 9 — that is, other than claims for injury to life, body or health, or arising from intent or gross negligence — must be brought within one year of the date you became aware, or should reasonably have become aware, of the circumstances giving rise to them. Statutory limitation periods apply to everything else.

12Changes to these terms

We may change these terms — for example when a feature launches, when the service stops being free, or when the law changes. Substantive changes are published under a new version number and you will be asked to accept the new version before continuing to use the service. We will not treat silence as agreement to a change that disadvantages you.

13Ending the agreement

You may stop using Nexlot and delete your account at any time, for any reason, with no notice period. We may suspend or close an account that breaches these terms or the Acceptable Use Policy, or where we are legally required to. Where it is reasonable to do so, we will tell you first and give you a chance to fix the problem.

On closure you can export your data, and what happens to it afterwards is set out in the Privacy Policy.

14Governing law and jurisdiction

These terms are governed by the law of the Federal Republic of Germany, excluding the UN Convention on Contracts for the International Sale of Goods.

If you are a consumer, this does not cost you anything. Under Art. 6(2) of the Rome I Regulation you keep the protection of the mandatory consumer law of the country you habitually live in, and you may bring proceedings in the courts of that country. We are not trying to move you out of your home courts, and any clause here that tried to would be void anyway.

A place of jurisdiction is agreed only where you are a merchant, a legal person under public law, or a special fund under public law; in that case it is the place from which Nexlot is operated.

15Consumer dispute resolution

We are neither obliged nor willing to take part in dispute resolution proceedings before a consumer arbitration board (§ 36 VSBG). This does not affect your right to go to court.

16If part of this is invalid

If a clause turns out to be invalid, the rest stays in force. The invalid clause is replaced by the statutory rule that comes closest to what it was trying to achieve — not by a re-reading of it in our favour.