Legal Disclaimer

1. Non-Financial Services and Non-Investment Advisory Services

1.1 No Financial or Investment Advice

Pipster.io and its services do not provide financial advice, investment advice, or any form of financial consulting services of any kind. The information, data analytics, tools, technologies, reports, or any other content provided by Pipster.io through the Website or otherwise (the "Services") must not be construed, interpreted, or relied upon as:

• Financial advice or guidance
• Investment recommendations or suggestions
• Advice on the purchase, sale, or holding of any financial instruments, securities, or assets
• Brokerage services or intermediary services
• Asset management services
• Trading instructions or signals
• Forecasts or predictions of market performance
• Tax advice or legal counsel

No investment advice or brokerage

(a) We do not provide investment advice, portfolio management, brokerage services, execution or reception/transmission of orders, or any other regulated investment service.

(b) All content, data, tools and simulations made available through the Platform are provided for educational and assessment purposes only. Any decisions you make to trade or invest in real markets outside the Platform are your own responsibility, and you should seek independent professional advice where necessary.

1.2 Technology and Data Analytics Services Only

Pipster.io provides exclusively technology-based services, which may include data analytics, market data provision, software tools, dashboards, informational platforms, educational materials, simulated trading environments, and related IT-enabled services designed to support users in their own independent research and decision-making processes. These services are provided for informational and educational purposes only and are not regulated financial services. All activities on our platform are conducted in a simulated environment using market data feeds and virtual balances, and no real funds, assets, or trades are involved unless we expressly state otherwise.

1.3 Personal Responsibility and Independent Decision-Making

All decisions to engage in trading, investing, or any other financial activity based on information or tools accessed through Pipster.io are entirely your own personal decisions and your sole responsibility. We do not accept fiduciary duty or responsibility to any user. You must conduct your own independent due diligence and seek professional financial, legal, or tax advice from qualified professionals if you require guidance on any financial matter.

2. No Authorisation as a Financial Services Provider

2.1 Regulatory Status

Pipster.io is not authorised or regulated by any financial services regulator. Pipster.io does not hold or require any financial services licence or authorisation to provide the Services, as such Services do not constitute regulated financial activities under UK law or any equivalent international regulations.

2.2 No Real Trading or Live Account Services

Pipster.io does not:

• Execute live trades on behalf of users
• Manage real money or assets
• Provide access to real financial markets
• Offer live funded trading accounts
• Act as a broker, dealer, or counterparty to any financial transactions
• Receive, hold, or manage customer funds or financial assets
• Provide custody services or prime brokerage services

The "funds" or capital provided in any simulated trading or evaluation accounts are entirely virtual and simulated. They do not represent real currency, assets, or monetary value. Users have no ownership, title, or right to possess, withdraw, transfer, or claim these simulated funds beyond their limited use within the trading portal solely for the purpose of evaluation, testing, or educational activities as per the terms of service. All profits, losses, or outcomes in the simulated environment are hypothetical and do not confer any real financial benefits or obligations.

2.3 Simulated trading and losses

(a) All trading activity carried out through the Platform is Simulated Trading using virtual balances. We do not place orders into live financial markets on your behalf, and no real money is lost or gained as a direct result of your trading activity within the Platform.

(b) Any "losses" shown in your Challenge Account or Funded (Simulated) Account are notional and are used only to assess your performance against our rules (including profit targets and drawdown limits). These notional losses cannot result in margin calls, debts, or negative balances payable by you to us.

(c) Your only real financial exposure in using the Services is the access, evaluation or participation fees and any other charges that we clearly describe at the point of purchase.

3. Exclusion of Gambling and Betting Activities

3.1 Non-Gambling Services

Pipster.io's Services do not constitute gambling, betting, or gaming activities as defined under UK law or any related legislation and statutory instruments. The Services are not designed to simulate, facilitate, or replace gambling or betting activities. Pipster.io does not require, hold, or operate under any gambling or betting licence, permit, or registration with any gambling regulator in the United Kingdom or internationally.

No gambling

The Services are not games of chance and do not involve betting or wagering. Access fees are paid for participation in our simulated trading programmes and related services, and any payouts are performance‑based rewards for skills‑based activity within the Platform. The Services are not operated as, and are not intended to be treated as, a gambling product.

3.2 Technology Platform - Not a Gaming Platform

The Website and Services are technology platforms providing data, analytics, and software tools for informational purposes. Users should not engage with the Services if they seek gambling or betting experiences, and any such use would be contrary to the intended purpose of the Services. Our services do not involve any form of betting, wagering, or chance-based outcomes that could be interpreted as gaming activities. They are not intended to simulate or engage in real-world risk-taking for monetary gain and operate solely as technology-driven tools for informational and developmental purposes.

4. Risk Disclosures and Limitations

4.1 No Guarantee of Outcomes

The Services, including any data, analytics, tools, or information provided, are provided "as is" without warranty of any kind. We do not:

• Guarantee the accuracy, completeness, timeliness, or reliability of any information or data
• Warrant that the Services will be uninterrupted, error-free, or free from viruses or other harmful components
• Guarantee any particular outcome, result, or profit from the use of the Services
• Guarantee that the Services will meet your specific requirements or expectations
• Represent that information derived from the Services will enable you to make profitable financial decisions

4.2 Past Performance Disclaimers

Any historical data, past performance metrics, backtested results, or historical information provided by Pipster.io is presented for informational purposes only. Past performance is not indicative of future results. Historical data does not guarantee or suggest any likelihood of comparable future performance. Users should not assume that future performance will replicate historical performance.

4.3 Simulated or Hypothetical Results

If Pipster.io provides simulated, hypothetical, or backtest results, such results are fictitious in nature and do not represent actual trading or investment outcomes. Simulated results often do not account for the impact of market factors such as:

• Liquidity constraints
• Slippage and execution delays
• Market impact costs
• Trading commissions and fees
• Regulatory restrictions
• Real-world market frictions
• Psychological factors affecting live trading

Actual results, if any, may differ materially and could result in substantial losses.

4.4 User Assumes All Risks

By using the Services, you acknowledge and accept that:

• You assume full and complete responsibility and risk for any decisions or actions taken in reliance upon the Services
• Your use of the Services relates to Simulated Trading only, and any decision to engage in real trading or investment activity outside the Platform is entirely your own decision and at your own risk
• Financial markets are subject to significant volatility and risk
• No financial service or tool can eliminate market risk
• Leverage and margin trading, if applicable, amplify both gains and losses
• You have the financial capacity to bear any potential losses

We accept no responsibility, liability, or obligation for any losses, financial harm, or adverse consequences arising from your use of the Services or reliance on any information provided. If any data, tools, or simulations provided could potentially be applied in trading or financial contexts by users: Past performance or simulated results are not indicative of future results and do not guarantee any outcomes. Users assume all risks associated with their use of the services, including any potential financial losses incurred outside of our platform based on interpretations of the data or tools provided. We strongly recommend that users seek independent professional advice before applying any insights from our services in real-world scenarios.

5. Limitations of Liability and Indemnification

5.1 Disclaimer of Warranties

To the maximum extent permitted by applicable UK law, Pipster.io and its officers, employees, agents, and representatives disclaim all warranties, express or implied, including any warranty of:

• Merchantability
• Fitness for a particular purpose
• Non-infringement of intellectual property rights
• Quiet enjoyment
• Title or ownership
• Accuracy, completeness, or reliability

5.2 Limitation of Liability

Except where prohibited by law, in no event shall Pipster.io, its parent company, subsidiaries, affiliates, officers, employees, agents, or representatives be liable to you for:

• Any indirect, incidental, special, consequential, exemplary, or punitive damages
• Loss of profits, revenue, business opportunities, or goodwill
• Loss of data, files, or information
• Interruption of service or business operations
• Any damage or loss arising from your use of or inability to use the Services
• Any loss or corruption of data transmitted, processed, or stored through the Website
• Third-party claims or conduct
• Any damages arising from use of or reliance on any linked websites or third-party content

5.3 Cap on Liability

If, notwithstanding this Disclaimer, Pipster.io is found liable to you for any loss or damage, such liability shall be limited to the maximum extent permitted by applicable law, but in no case shall exceed the fees paid by the user for the specific service in question in aggregate across all claims.

5.4 Severability of Limitations

If any portion of these limitations is found to be unenforceable by a court of competent jurisdiction, the remainder shall continue in full force and effect to the maximum extent permitted by law.

6. Intellectual Property Rights

6.1 Ownership of Content

All content, software, technology, tools, data feeds, dashboards, reports, documentation, trademarks, logos, brand names, and other intellectual property located on or accessible through the Website (collectively, the "Content") are the exclusive property of Pipster.io, its licensors, or third-party content providers.

6.2 Limited Licence

Pipster.io grants you a limited, non-exclusive, non-transferable, revocable licence to access and use the Website and Services solely for your personal, non-commercial purposes, in accordance with this Disclaimer and any applicable Terms of Service.

6.3 Prohibited Uses

You must not:

• Reproduce, distribute, transmit, modify, or create derivative works of any Content
• Use any automated systems, bots, scrapers, or similar technologies to access, monitor, or download Content
• Reverse-engineer, decompile, disassemble, or attempt to derive the source code of any software
• Circumvent any security measures or authentication mechanisms
• Remove, alter, or obscure any copyright notices, proprietary notices, or attribution
• Use the Content for commercial purposes, resale, or licensing
• Frame or mirror the Website or Services
• Interfere with or disrupt the Website or Services

6.4 Infringement

Users are solely responsible for ensuring that their use of the Website and Services does not infringe third-party intellectual property rights. Pipster.io reserves the right to disable access to any Content or the Website if we receive credible notice of intellectual property infringement.

7. Third-Party Links and External Services

7.1 No Endorsement

The Website may contain links to third-party websites, services, platforms, or resources. Pipster.io provides such links for convenience only and does not endorse, control, monitor, or assume responsibility for:

• The content, accuracy, or reliability of any linked website or external service
• The privacy practices or policies of third parties
• The legality or regulatory compliance of third-party services
• Any transactions or interactions with third parties

7.2 Your Responsibility

Your use of any linked website or external service is entirely at your own risk and subject to that third party's terms of use and policies. You acknowledge and accept that Pipster.io accepts no liability for any loss, damage, or harm arising from your use of or reliance on any third-party website or service.

8. Data Privacy and Security

8.1 Data Handling

Users should refer to Pipster.io's Privacy Policy and Data Protection Statement (available on the Website) for comprehensive information regarding the collection, use, processing, storage, and protection of personal data. By using the Website and Services, you consent to our data handling practices as described in such policies.

8.2 Security Limitations

While Pipster.io endeavours to implement reasonable security measures, we cannot guarantee absolute security of data transmitted through the Website or Services. Users transmit data at their own risk. Pipster.io shall not be liable for any unauthorised access, interception, alteration, or loss of data.

8.3 Data retention

We generally retain account and transaction data for up to 5 years where required to meet legal, accounting and anti‑money laundering (AML) obligations.

8.4 Automated decision‑making

We use automated systems to help detect fraud, abuse and rule breaches (for example, monitoring trading patterns against our rules). These systems may automatically flag or restrict accounts, and we may then review those flags manually.

8.5 International data transfers

Your data may be processed and stored on servers located outside the UK/EEA. Where we transfer personal data internationally, we use appropriate safeguards (such as standard contractual clauses) to protect your information.

9. Service Availability and Technical Issues

9.1 "As-Is" Provision

The Website and Services are provided on an "as-is" and "as-available" basis. Pipster.io does not guarantee:

• Uninterrupted access or availability
• Absence of bugs, errors, or technical defects
• Timely updates or maintenance notifications
• Compatibility with any specific device, operating system, or browser

9.2 Maintenance and Service Interruptions

Pipster.io reserves the right, without notice or liability, to:

• Suspend, interrupt, or discontinue any or all Services
• Perform system maintenance, updates, or upgrades
• Modify or remove any features or functionality
• Restrict or limit access to the Website or Services

We shall have no obligation to provide compensation or notice for such suspensions or interruptions, except where required by applicable law.

9.3 Data Loss

Pipster.io shall not be responsible for any loss, corruption, or deletion of data, whether caused by system failures, user error, third-party interference, or any other cause. Users should maintain independent backups of any important data.

10. User Conduct and Compliance

10.1 Prohibited Activities

Users must not engage in any illegal, fraudulent, defamatory, abusive, or prohibited activities, including:

• Attempting to gain unauthorised access to the Website or Services
• Interfering with the normal operation of the Website or Services
• Transmitting viruses, malware, or harmful code
• Impersonating others or misrepresenting identity or affiliation
• Engaging in market manipulation, fraud, or deception
• Using the Services in violation of any applicable law or regulation
• Violating the intellectual property rights of Pipster.io or others
• Harassing, threatening, or abusing other users or staff

10.2 Compliance with Law

Users are solely responsible for ensuring that their use of the Website and Services complies with all applicable laws, regulations, and requirements in their jurisdiction. Pipster.io accepts no liability for your failure to comply with applicable laws.

10.3 Account Suspension or Termination

Pipster.io reserves the right, in its sole discretion and without notice, to:

• Suspend or terminate user access
• Delete or restrict user accounts
• Refuse to provide services
• Report suspected illegal activity to appropriate authorities

10.4 Verification, sanctions and anti‑money laundering

(a) We may carry out identity verification, sanctions screening and other checks to comply with legal and regulatory obligations (including AML/CTF requirements) and to protect the integrity of the Services.

(b) We may request information and documents from you (for example, proof of identity and address) and may delay or decline payouts, or restrict your use of the Services, if you do not provide this information or if we cannot verify it.

(c) We will not process payments to or from sanctioned persons or jurisdictions, and we reserve the right to refuse or terminate access for users from locations we consider high‑risk.

10.5 Compliance review and account investigation

(a) We may review any account or payout request at any time (a "Compliance Review"), for example where we suspect abuse, fraud, rule evasion, AML/sanctions issues, chargebacks or other irregular activity.

(b) During a Compliance Review we may temporarily suspend trading, restrict features and/or delay payouts while we investigate, and we may request additional information or documents from you. You agree to cooperate with us and provide any information we reasonably request.

(c) Following a Compliance Review we may, acting reasonably, lift restrictions, issue a warning, reset or close accounts, cancel or adjust payouts, and/or terminate your access to the Services in serious cases (including fraud, abuse or repeated rule‑breaches).

(d) Where we reasonably conclude that you have engaged in fraud, abuse of our systems, serious breaches of our rules or unlawful conduct, we are not obliged to refund any fees and may withhold or cancel payouts linked to that activity, to the extent permitted by law. This does not affect any mandatory consumer rights you may have.

11. Cancellation, Refunds, and Returns

11.1 Refund Policy

Pipster.io maintains a comprehensive Cancellation and Refund Policy that governs all refund requests related to Challenge and Instant Funding Account purchases. This policy outlines:

• Your right to withdraw from Challenge and Instant Funding Account purchases within 14 calendar days of purchase
• Conditions for refund eligibility (no trading activity, written request, within deadline)
• Refund processing timelines and payment methods
• Non-refundable scenarios and exclusions
• Service complaint and defect remedy procedures

11.2 Summary of Key Refund Terms

• 14-Day Withdrawal Period: You may request a refund within 14 calendar days from your purchase date, provided you have not executed any trades on your Challenge Account and submit your request in writing to support@pipster.io.
• Refund Processing: Approved refunds are processed within 14 business days and issued to your original payment method. Clearing times vary by payment method (3-10 business days).
• Non-Refundable Scenarios: Refunds are not available for accounts on which trades have been executed, requests outside the 14-day period, completed challenges, accounts suspended for Terms of Service violations, or accounts under compliance review.
• Service Complaints: If our Services do not match what was agreed, you may notify us immediately. Pipster will resolve complaints within 30 calendar days, and you may request remedy of the defect, a reasonable discount, or a full refund if the defect is material and cannot be remedied.

12. Governing Law and Jurisdiction

12.1 English Law

This Disclaimer shall be governed by and construed in accordance with the laws of England and Wales, without regard to conflict of law principles. The applicability of the United Nations Convention on Contracts for the International Sale of Goods is expressly excluded.

12.2 Exclusive Jurisdiction

Both parties irrevocably submit to the exclusive jurisdiction of the courts of England and Wales. Users consent to personal jurisdiction in such courts and waive any claim that such courts are an inconvenient forum.

12.3 Dispute Resolution

Any dispute, claim, or controversy arising from or relating to this Disclaimer or the Website and Services shall be subject to English law. Users agree to attempt good-faith resolution before initiating formal legal proceedings.

13. Modifications to This Disclaimer

13.1 Amendment Rights

Pipster.io reserves the right to modify, amend, or supplement this Disclaimer at any time without prior notice. Changes will be effective immediately upon publication to the Website.

13.2 User Responsibility

It is your responsibility to review this Disclaimer periodically. Your continued use of the Website and Services following any modification constitutes your acceptance of the amended Disclaimer.

14. Severability and Entire Agreement

14.1 Severability

If any provision of this Disclaimer is determined to be invalid, illegal, or unenforceable by a court of competent jurisdiction, such provision shall be severed, and the remaining provisions shall continue in full force and effect to the maximum extent permitted by law.

14.2 Entire Agreement

This Disclaimer, together with any published Terms of Service, Privacy Policy, Cancellation and Refund Policy, and Data Protection Statement, constitutes the entire agreement between you and Pipster.io regarding the Website and Services and supersedes all prior negotiations, representations, and agreements, whether written or oral.

15. Unsupported Countries, Regions, and States

15.1 Service Availability Restrictions

Pipster.io services are subject to geographic restrictions based on regulatory, compliance, and operational requirements. Users must ensure that they are located in a jurisdiction where our services are available and permitted before creating an account or using our platform.

15.2 Unsupported Countries and Regions

The following countries and regions are not serviced (individuals from these areas can still be serviced if they reside outside the country and can provide valid documentation):

15.3 Unsupported US States and Territories

The following US States and Territories are temporarily not serviced:

• Guam
• Puerto Rico

We are temporarily unable to provide our offerings in these states and territories. If you are located in any of these areas, we regret that we cannot offer our services at this time. We are actively working to expand and improve our service availability and hope to include these regions in the future.

15.4 Regulatory Basis for Restrictions

Due to regulatory and compliance requirements specific to each state and territory, we are currently restricted from providing our services in these areas. These restrictions are necessary to ensure compliance with local laws, financial regulations, anti-money laundering (AML) requirements, know-your-customer (KYC) obligations, sanctions programmes, and other applicable legal frameworks. We are continuously monitoring these regulations and will update our service availability as conditions change. Users in restricted jurisdictions who attempt to access or use our services do so in violation of this Disclaimer and our Terms of Service.

15.5 Verification of User Location

During the funded account creation and verification process, Pipster.io requires users to provide documentation confirming their current country of residence and, where applicable, citizenship. Users must provide accurate and truthful information regarding their location and legal status. False or misleading information regarding jurisdiction or residency status may result in:

• Immediate account suspension or termination
• Forfeiture of any funds or trading positions
• Reporting to relevant regulatory and law enforcement authorities
• Legal action to recover any losses or damages

15.6 Ongoing Compliance Obligation

Users are responsible for ensuring that their continued use of Pipster.io services remains compliant with the restrictions outlined in this section. If your circumstances change and you subsequently relocate to a restricted jurisdiction, you must immediately cease using our services and notify us at support@pipster.io. Continued use from a restricted jurisdiction may result in account termination and legal consequences.

Contact Information

For inquiries, complaints, or notices related to this Disclaimer, users may contact Pipster.io at:

Final Acknowledgement