Terms of Service
Effective Date: August 12, 2026
1. Overview. These Terms of Service ("Terms") govern your access to and use of the ALGORA1 Terminal and related websites and services (collectively, the "Service"), provided by ALGORA1, LLC ("ALGORA1," "we," "us," or "our"). By creating an account, subscribing, or otherwise using the Service, you agree to be bound by these Terms. If you do not agree, do not use the Service.
2. The Service. ALGORA1 Terminal is a subscription, web-hosted application that provides real-time market data, multi-year charting, a saved watchlist, chart drawings and highlights, proprietary informational market studies and signal indicators, one trading strategy's historical buy and sell markers plotted on the chart with a per-ticker Strategy Report and a strategy ranking across the offered universe, STATIC ENGINES (buy-and-hold baskets of the offered tickers, with modelled return, volatility and simulated outcomes, optimizer-suggested weights, and a search for the best-compounding baskets), a builder that turns a plain-English strategy or portfolio description into either of those (Section 7A), and briefs describing a strategy's rules or a basket's holdings and weights, for U.S. equities. It also offers an optional BROKERAGE AGENT (Section 7B) which, if you connect your own brokerage account — from the list in Section 7B, and no others — reads that account and places orders in it, by default without asking you first. Except for that feature, the Service is provided for informational and analytical purposes only: it does not custody funds or securities, open brokerage accounts, send market alerts or notifications, or provide personalized investment advice.
3. Eligibility. You must be at least 18 years old and able to form a binding contract to use the Service, and you agree to comply with all applicable laws and regulations.
4. Accounts and Security. Accounts are created and accessed either by signing in with Google or with a username and password of your choosing; where you sign in with Google we never receive or store your Google password, and where you set an ALGORA1 password we store only a salted hash of it. An email address is required when you register with a password, so that a forgotten one can be reset by emailed single-use link. You are responsible for the security of the Google account you sign in with and for all activity under your ALGORA1 account. THIS MATTERS MORE ONCE YOU HAVE CONNECTED A BROKERAGE ACCOUNT: whoever can sign in as you can direct the agent, and orders it places are placed in your account. For convenience this browser may remember which Google account it last used, so that a return visit can re-establish your session through Google without showing a sign-in page; that record names an account only, grants no access on its own, and is cleared when you sign out. Your account is for your own use: the Service permits concurrent use from one network but treats a sign-in from a clearly different network as a takeover of your session, and account sharing is prohibited under Section 6. Notify us promptly of any unauthorized use of your account, and revoke our access at your brokerage if an account is connected.
5. Subscription and Billing. Access to the Service requires a PAID MONTHLY SUBSCRIPTION of $20 per month, charged in advance at the start of each billing period and renewing automatically until cancelled. THERE IS NO FREE TRIAL AND NO FREE TIER. The subscription includes market data, charting, the strategy layer, the leaderboard, the static engines and the briefs, and it includes AN ALLOWANCE OF AI CREDIT IN EACH BILLING PERIOD, the amount of which is stated in the Service. The two features that call an artificial-intelligence provider — the algorithm builder (Section 7A) and the brokerage agent (Section 7B) — are additionally METERED ON USAGE and paid for out of that credit balance; further credit may be purchased at any time through our third-party payment processor as a one-time payment. Included credit is added to your balance when a billing period's payment succeeds, and unused credit ROLLS OVER rather than expiring at the end of the period. Every message you send to either AI feature is charged, based on what that message cost to process, at a published multiple of that cost; a minimum balance is required to send one, there is no free allowance beyond the credit included in your plan, and the amount varies with the length and complexity of the message and cannot be quoted in advance. Running out of credit stops those two features and nothing else — it does not end your subscription, disconnect a brokerage account, cancel an order already sent, or stop the scheduled rebalance described in Section 7B. YOU MAY CANCEL AT ANY TIME through the billing portal. Cancellation stops the next renewal and ends access at the end of the period already paid for; it does not delete your account, and your watchlist, drawings, saved algorithms and remaining credit are retained so that resubscribing returns you to the same account. Subscription fees already paid are not refunded for a partial period, and credit has no cash value and is non-refundable and non-transferable once spent, in each case except as required by law or as expressly stated. We may change the price, or what the subscription includes, on prospective notice.
6. Acceptable Use. You agree not to: (a) scrape, resell, redistribute, or commercially exploit the market data or any Service output; (b) reverse engineer, decompile, or attempt to derive the proprietary studies, indicators, thresholds, strategy rules, or source code; (c) circumvent authentication, the credit metering, the guardrails described in Section 7B, or any other security or usage control; (d) share your account or access credentials, or connect a brokerage account you are not the account holder of and authorized to trade; or (e) use the Service in violation of any applicable law, any third-party data provider's terms, or your own agreement with your brokerage.
7. No Financial Advice. In connection with the Service, ALGORA1 does not act as a broker-dealer or investment adviser, and the Service does not provide investment, financial, tax, or legal advice or any recommendation to buy or sell any security. All investment and trading decisions, and any resulting gains or losses, are solely your responsibility. See our Disclaimer.
7A. Algorithm Builder; Artificial Intelligence. The Service includes a builder that produces two kinds of thing: trading algorithms and static buy-and-hold baskets. When you use it, the messages you submit - your strategy, your description of the portfolio you want, and the remainder of that conversation - are transmitted to Anthropic, PBC, which processes them and returns either a rule definition (a set of technical indicators and the buy and sell conditions built from them) or a basket definition (a list of tickers, drawn only from the universe the Service already carries, and optionally a weight for each). The builder is one of TWO features that use artificial intelligence; the other is the brokerage agent in Section 7B, and the difference between them matters. The builder transmits ONLY the text of that conversation: we do not transmit your username, email address, payment reference, watchlist, or any other account data alongside it, and the builder cannot see or touch a brokerage account. The agent additionally transmits information about a connected account, and Section 7B governs it. Do not submit brokerage credentials, API keys, account numbers, or other sensitive information to the builder. What is returned is DATA, NOT A PROGRAM: it is validated against a fixed grammar (for a basket, tickers must come from the universe the Service already carries) and executed by the same interpreter that runs our own strategy, and nothing you submit and nothing the model returns is ever executed as code, on our servers or in your browser. A definition that does not fit the grammar is rejected and nothing is saved. Because the translation is produced by an artificial-intelligence system it may misinterpret your intent - expressing a condition as a level test rather than a crossing, or applying a different fill assumption than the platform you took the strategy from - and any such difference changes every figure subsequently produced from it. The Service displays the saved rules in full so that you can verify them, and you are responsible for doing so before relying on any result. Every figure produced from an algorithm you build is hypothetical and subject to Section 8. Anthropic's processing and retention of the conversation are governed by its own terms and privacy policy. Builder conversations are not stored on our servers after your session ends; the resulting rule definition is stored on your account. The builder is not an unlimited part of the subscription: it is METERED ON USAGE and paid for out of your AI credit balance, which your subscription tops up in each billing period and which you may add to at any time (Section 5). Every message you send is charged, based on the processing cost of that message at a published multiple, including messages that only ask a question, that you are dissatisfied with, or whose resulting rules are rejected, because each is a real request to the provider. The amount varies with the length and complexity of the message and cannot be quoted in advance; your remaining balance is displayed in the Service at all times and a minimum balance is required to send a message. There is no free allowance beyond the credit included in your plan. Credit rolls over, does not expire while the account is active, has no cash value, and is not refundable or transferable once spent.
7B. Brokerage Agent; Orders Placed in Your Brokerage Account. This Section governs the only part of the Service that can move money, and applies only if you choose to connect a supported brokerage account. Until you do, it has no effect and the rest of the Service behaves as described above. READ THIS SECTION BEFORE CONNECTING.
Supported brokerages. The Service integrates with the following brokerages and no others (each a "Supported Brokerage", and the one you link, your "Connected Brokerage"), by one of TWO connection routes. DIRECT, through the brokerage's own agent endpoint: Robinhood, Webull, and Public.com. THROUGH SNAPTRADE, an independent brokerage-connectivity provider that holds the connection: Alpaca, Tradier, tastytrade, E*TRADE, Charles Schwab, moomoo, and TradeStation. PAPER (SIMULATED) ACCOUNTS: two further Supported Brokerages - ALPACA PAPER and TRADESTATION PAPER - are simulated accounts. They connect identically and are governed by this Section in full, EXCEPT that no real money moves in them: no real security is bought or sold, nothing in them can be withdrawn, and a result obtained in one does not predict a result in a funded account, because simulated fills do not model real queue position, real execution price, commissions or taxes. The Service marks paper accounts distinctly wherever they appear. Which route applies determines who holds your brokerage connection and is disclosed in the Privacy Policy; for a SnapTrade connection you sign in on SnapTrade's pages and ALGORA1 never receives your brokerage password. The Service shows you which Supported Brokerages are actually available to connect, and that in-product list governs. There is no ALGORA1 connection to any other broker, and nothing in these Terms should be read as offering one. Naming these firms is nominative use for identification: ALGORA1 is not affiliated with, endorsed by, sponsored by, or acting for any of them, and your agreement with your Connected Brokerage governs your account and continues to do so. What the Service can actually do in an account is limited by what that brokerage's own interface permits, and this differs between them - a brokerage may allow the Service to read an account but not to place orders in it, or may permit some order types and not others. The Service shows you which of these it was granted for your account once you connect.
Authorization. Each Supported Brokerage offers an endpoint that lets software you authorize read your account and place orders in it. By connecting one to ALGORA1 - by signing in at that brokerage, or by supplying a credential it issued you - you authorize ALGORA1 to use that endpoint on your behalf until you disconnect. The Service may then read your balances, buying power, positions, and orders, and submit orders to your Connected Brokerage. ALGORA1 does not open, hold, or custody the account and never takes possession of your securities or cash; your Connected Brokerage accepts or rejects every order on its own terms.
AUTONOMOUS TRADING IS THE DEFAULT, AND CONNECTING IS WHAT GRANTS IT. From the moment you connect, orders that satisfy the limits described below are sent to your Connected Brokerage as soon as the agent decides on them, WITHOUT NOTICE TO YOU AND WITHOUT ANY FURTHER ACT BY YOU, and the Service SELECTS SECURITIES, SIDES, AND SIZES ON ITS OWN within those limits. This is a broad and continuing authority to trade your account while you are not watching, and it is granted by the acknowledgement you accept on the connect screen rather than by any later step. Do not connect an account unless you accept that. REVIEW MODE is available at any time: switched on for an account, the agent proposes orders and each one waits for your approval, and only what you approve is sent.
Guardrails, and their limits. Autonomous trading operates inside limits you configure: maximum per order, maximum per day, maximum orders per day and per symbol, a ceiling on how much of the account any one holding may become after a trade, a cash floor, a daily-loss level at which trading halts for the day, optional permitted or forbidden tickers, and whether orders may be placed outside the regular session. Short selling is never permitted. These limits are enforced by OUR SOFTWARE against your live account before an order is sent - they are not enforced by the AI model, and the model cannot raise, waive, or reason its way around them - and an order that would breach one is refused and recorded while the others in that batch still proceed. Ceilings apply above your own settings so that a mistyped limit cannot authorize an unreasonable amount. IN REVIEW MODE THE CONTROL IS YOUR APPROVAL, NOT THESE LIMITS: an order you tick is sent as you approved it, so read what you are approving. Orders you approve by hand still count toward the daily totals the limits are measured against. THEY ARE A CAP ON INSTRUCTIONS, NOT A CAP ON LOSSES: they do not prevent a position from falling in value, do not ensure good pricing or timing, cannot stop a loss occurring between orders or overnight or in a gap, and depend on account and market data that may be delayed or incorrect. Nor do they guarantee execution - when a limit refuses an order, the intended trade simply does not occur, which can also cost you money.
Scheduled rebalancing. If you ask the Service to keep a static basket at its weights, it will, on each trading day shortly after the regular session opens and while the account is in autonomous mode, compare your account with those weights and place orders to correct any holding that has drifted beyond the band you set. This runs WHETHER OR NOT YOU OPEN THE TERMINAL THAT DAY and whether or not you have any credit remaining, is subject in full to the guardrails above, and can be stopped at any time.
Artificial intelligence and your account data. The agent is powered by Claude, operated by Anthropic, PBC. Unlike the builder in Section 7A, which transmits only text you type, the agent additionally transmits INFORMATION ABOUT YOUR CONNECTED ACCOUNT - balances, buying power, positions, order history, and any strategy brief you share - because it cannot act on an account it cannot read. Your brokerage credential is never transmitted to Anthropic. If you are unwilling for your account holdings to be transmitted to Anthropic, do not connect an account: there is no version of this feature that works without it. Each message to the agent is metered and charged against your prepaid credit exactly as in Section 5.
The record. Every order this feature proposes, places, refuses, blocks, or that you reject is written to an append-only activity log on your account, with the reason. You can read it in the Service; you cannot edit or delete it, and neither can we in the ordinary course. It is retained after you disconnect, because it is the evidence of what was done in your name.
Stopping. You may switch the account to review mode, halt all trading on it, or disconnect it entirely at any time from the Service, and stopping takes effect against runs already in progress. The Service may also halt an account by itself if your Connected Brokerage refuses the credential. Stopping does NOT cancel or reverse orders already sent to your Connected Brokerage; those are between you and that brokerage and must be managed there.
Your responsibility. Every order placed in your account through this feature is your order: you authorized the connection, you set the limits, and you chose whether to review. ALGORA1 does not guarantee that the agent will act correctly, profitably, at a good price, or at all; it may misread a strategy, misjudge the market, act on stale or incorrect data, place unintended or duplicate orders, or fail silently. It has no knowledge of your finances, tax position, other accounts, obligations, or objectives beyond what you place in front of it, and nothing it does is personalized investment advice or a recommendation. To the maximum extent permitted by law, ALGORA1 is not liable for any trading loss, missed gain, tax consequence, margin event, or other harm arising from any order placed, refused, blocked, delayed, or not placed through this feature, and Sections 13 and 14 apply to it in full.
8. Risk Acknowledgment; Hypothetical Results. You understand and accept that trading securities involves substantial risk, including loss of principal; that every performance figure, total, score, and ranking the Service computes is hypothetical, was derived from past data, and does not reflect actual trading or account for costs such as commissions, spreads, slippage, or taxes — the only figures that are not are the balances, positions and order records read from a brokerage account you have connected, which are real, come from your broker, and may still be delayed or incomplete; that past, historical, modeled, or simulated results do not guarantee future results; and that the Service may experience errors, delays, or interruptions due to system issues, third-party providers, or market conditions.
8A. Static Engines; Portfolio Figures. The Service includes STATIC ENGINES: buy-and-hold baskets of tickers, for which it reports expected return, volatility, simulated annual outcomes, correlations, suggested weights, and a ranked list of candidate baskets. Every one of those figures is model output computed from closed historical daily bars and is subject to Section 8 in full. Two limits apply specifically to them. FIRST, they are computed from PRICE HISTORY ONLY - dividends are excluded, so the return of any dividend-paying holding is understated by the whole of its yield. SECOND, any weight the Service suggests is the output of an optimisation run against that same history: it is selected for having compounded well over a period already known, it is NOT a recommendation of position size, and it takes no account of your finances, holdings, tax position, or objectives. Nothing in a static engine is personalized to you or is advice, and no basket, weight, or ranking the Service displays is a solicitation to buy or hold any security.
9. Strategy Briefs; Your Responsibility. The Service may render a strategy's rules, or a static basket's holdings and weights, as a brief, and hand that brief to the brokerage agent (Section 7B) in a single action. SHARING A BRIEF WITH THE AGENT WHILE AN ACCOUNT IS CONNECTED IN AUTONOMOUS MODE WILL CAUSE ORDERS TO BE PLACED IN THAT ACCOUNT; read a brief before you share it. If you instead act on a brief manually, or reproduce it in any other automated or AI-driven system, you are the operator of that system and are solely responsible for reviewing, testing, supervising, and bearing the consequences of it, including every order placed and any loss incurred. You agree that ALGORA1 has no responsibility for the behavior, output, or failures of any system you or a third party build from, or run on the basis of, Service output, and that no such output constitutes an instruction or authorization to trade beyond the authority you granted under Section 7B. Where a brief names a brokerage, platform, or tool, it does so for identification only and implies no affiliation, endorsement, or assurance that a described order type is available or suitable there.
10. Intellectual Property. ALGORA1 retains all right, title, and interest in and to the Service, including its software, design, documentation, and the proprietary studies, indicators, strategy rules, and signal methodologies. Subject to these Terms, we grant you a limited, non-exclusive, non-transferable, revocable license to access and use the Service, and to use the briefs it produces for you, for your personal or internal business use. Market data remains the property of its respective providers. You may not copy, redistribute, or create derivative works from the Service except as expressly permitted.
11. Third-Party Services. The Service integrates with third-party providers, including market-data and historical-data providers, a payment processor, a transactional email provider, a hosting provider, an artificial-intelligence provider, and — where you have connected an account — that brokerage. ALGORA1 is not responsible for the availability, accuracy, or security of third-party services, and your use of them is subject to their terms. ALGORA1 does not control whether your brokerage accepts, rejects, delays, or fills an order, or at what price.
12. Termination. We may suspend or terminate your access to the Service at any time for violation of these Terms, non-payment, or as otherwise necessary to protect the Service or its users, and we may halt trading on a connected account where we reasonably believe it is being used in breach of these Terms or has been compromised. You may terminate at any time by discontinuing use; you may also ask us to delete your account, which forfeits any unspent credit. Disconnecting a brokerage account, or deleting your ALGORA1 account, stops future orders and deletes the stored credential, but does NOT cancel or reverse orders already sent to your brokerage or close positions already held — those remain yours to manage there. Provisions that by their nature should survive termination will survive.
13. Disclaimer of Warranties. The Service is provided "as is" and "as available," without warranties of any kind, whether express or implied, including implied warranties of merchantability, fitness for a particular purpose, accuracy, reliability, or non-infringement.
14. Limitation of Liability. To the maximum extent permitted by law, ALGORA1 and its affiliates, officers, and employees will not be liable for any indirect, incidental, special, consequential, or punitive damages, or for any loss of profits, data, or trading capital, arising out of or relating to your use of the Service, including any use of, or reliance on, any strategy brief it produces and any order placed, refused, delayed, or not placed through the brokerage agent. To the maximum extent permitted by law, our total liability for any claim relating to the Service will not exceed the amount you paid to ALGORA1 for the Service in the three (3) months preceding the claim.
15. Indemnification. You agree to indemnify, defend, and hold harmless ALGORA1 and its affiliates from any claims, damages, liabilities, or expenses arising from your use of the Service, your violation of these Terms or of your agreement with your brokerage, your violation of any law or third-party rights, the operation of any automated or AI-driven system you run on the basis of Service output, or any order placed, blocked, or not placed in a brokerage account you connected under Section 7B.
16. Governing Law. These Terms are governed by the laws of the District of Columbia, without regard to its conflict-of-laws principles. Any dispute arising under these Terms will be resolved exclusively in the courts located in the District of Columbia.
17. Changes to These Terms. We may update these Terms from time to time. Material changes will be posted with a revised effective date, and your continued use of the Service after changes take effect constitutes acceptance.
18. Contact. Questions about these Terms may be directed to official.admin@algora1.com.
Acknowledgment. By using the Service, you acknowledge that you: (1) understand the risks of trading, and that everything the Service displays is informational; (2) understand that the performance figures it presents are hypothetical; (3) understand that if you connect a brokerage account under Section 7B, the Service will place orders in it automatically and without asking you unless you switch it to review; (4) accept full responsibility for your own trading and investment decisions and outcomes, including every order placed in your account whether or not you approved it individually, and including anything you automate from a Service brief; and (5) agree to comply with these Terms.