Risk Disclosure

1. Trading futures can lose you money

Futures and other leveraged instruments carry a substantial risk of loss and are not suitable for every investor. Leverage works in both directions, markets gap through stops, and it is possible to lose more than your initial outlay. Only trade with money you can afford to lose entirely. Nothing about owning a journal changes any of this.

2. TradeLunar is software, not a financial service

• TradeLunar is not a broker, a dealer, an exchange, an investment firm or a fund, and is not authorised or regulated by the Financial Conduct Authority or any other financial regulator.
• It does not hold client money for trading, does not execute orders, and cannot reach an order endpoint on any platform: no such code path exists.
• Nothing in the app, on this site, or in any email from us is financial, investment, tax or legal advice, and nobody at TradeLunar will ever tell you what to trade.
• Regulatory protections that apply to regulated investment services, such as the Financial Services Compensation Scheme or the Financial Ombudsman Service, do not apply to buying software or a simulated evaluation.

3. Evaluation and funded accounts are simulated

This is the most important section on this page. When the TradeLunar prop firm opens and you buy an evaluation, you will be trading a simulated account against real market data. Passing it moves you to a funded account, which is also simulated. You are not trading our money at that stage, and no order you place reaches a live exchange.

Payouts on a funded account are paid by TradeLunar, out of our own funds, calculated against the performance recorded on that simulated account. They are a contractual obligation of ours, not a withdrawal of your own trading profit from a real position.

Live capital is a separate, later stage. It is where real money is traded, selection for it is at our discretion and deliberately narrow, and passing an evaluation does not entitle you to it.

4. What an evaluation fee buys, and does not

• The fee buys access to the evaluation and the software around it. It does not buy a funded account, a payout, or any guaranteed outcome.
• Most people who buy an evaluation, at any firm in this industry, do not pass it. Budget for the fee as a cost, not an investment.
• Breaching a rule closes the account. Refund eligibility, resets and breach handling are set out in the rulebook, which publishes before accounts open; do not buy an evaluation assuming terms that are not written down.

5. We can only pay what we can pay

Payouts depend on TradeLunar remaining solvent and operating. If the business ceased trading, outstanding payout obligations would rank as ordinary unsecured claims. This is true of every firm in this industry; almost none of them say it. It is worth knowing before you commit money, and it is one reason the journal is paid for rather than free: reserves are built before evaluation fees are ever taken.

6. The journal’s statistics are only as good as the record

• Every figure the dashboard shows is computed from what you logged, imported or synced. Prices typed from memory, rules ticked generously, or trades left unlogged make the statistics wrong in your favour, which is the expensive direction.
• The record is editable by design. That serves honest correction; it also means the record proves nothing to anyone else and is not an audit trail.
• Cash figures on manual accounts are computed from the risk per trade you state. State it wrong and the cash is wrong. Connected accounts show the platform’s own figures.
• A rule adherence percentage, an expectancy, an MFE distribution or a streak is a description of what already happened. None of it is a recommendation, a prediction, or an edge in itself.

7. Connected platforms can fail, lag or change

• Synced fills and balances are the platform’s report, fetched when you open the app or press Sync now. They can lag the platform, and an API outage, change or rate limit can stop a sync entirely. Verify against your platform before acting on a figure that matters.
• A stored platform credential is a real credential. We encrypt it, make only read calls with it, and delete it on disconnect, but no storage is ever zero risk. Where a platform does not scope its credential read-only (Topstep’s API key is one), the connect screen says so before you paste it, and revoking it at the platform is always in your hands.
• Using a platform’s API is subject to that platform’s rules. Staying inside them, including any prop firm’s rules about third-party software, is your responsibility.

8. Backtests are worse than they look

• Replay results carry hindsight: you already know what the market did, and a live market may not have filled you where the replay assumes.
• Trades where both the stop and the target traded cannot be resolved from the journal alone. TradeLunar counts them as undetermined and keeps them out of every average rather than guessing, which means the averages describe a subset, and the app says which.
• Sample size prints next to every figure. Small samples are directional at best; treat anything under a few dozen occurrences as a hint, not a finding.
• A favourable backtest does not mean a favourable future. Markets change, and the trader reading the backtest changes too.

9. Market data has its own limits

Bar-based studies, when they ship, run on historical data you buy from a vendor in your own name. Vendors correct, revise and occasionally miss data; bars aggregate away the order of events inside them; and a study is only as good as the bars beneath it. Vendor charges are yours and are not refunded by us.

10. Past results say nothing about future ones

Neither yours, nor anyone else’s, nor any figure shown anywhere on this site. Example figures in product screenshots are seeded demonstration data, not records of a real account, and are marked as such where they appear in the app.

11. Your responsibilities

• Your trading decisions, and their results, are yours alone.
• Your broker’s, prop firm’s and data vendor’s rules are yours to follow.
• Tax on your trading, on affiliate rewards and on payouts is yours to assess and pay in your own jurisdiction.
• If you are unsure whether trading futures is suitable for you, take advice from someone qualified to give it. That is not us, by design.

12. Questions

Write to support@tradelunar.io. TradeLunar is operated by its founder, trading as TradeLunar, based in the United Kingdom.