Introduction
Algokart.in is provided by Stratzy Fintech Pvt. Ltd.
Algokart is a marketplace of algorithmic trading strategies. Through this platform, we’ve made access to quantitative investment advisory as easy as perhaps buying a gadget or an apparel online. Users can subscribe to algorithms for fixed time periods. Signals generated by the selected algorithms during the subscription period can be executed through their broking account.
Agreement/ Terms of Use
These Terms of Use constitute a legally binding agreement between Stratzy Fintech Pvt. Ltd. provider of algokart.in, "us" or "we" and you (“you”), the individual logging in to algokart
or using its services without logging in, sets forth the terms and conditions that govern your use of algokart.in (the "Site" referred as Platform) and/or any related services (the "Services") accessed through the Algokart platform.
We refer to these Terms of Use as the “Agreement.” We may update or amend these Terms of Use from time to time by posting such updates or amendments to the Site. Your use of the Site after we post any such updates or amendments will constitute your agreement to those updates or amendments.
THIS AGREEMENT REQUIRES THE USE OF ARBITRATION ON AN INDIVIDUAL BASIS TO RESOLVE DISPUTES, RATHER THAN JURY TRIALS OR CLASS ACTIONS, AND ALSO LIMITS THE REMEDIES AVAILABLE TO YOU IN THE EVENT OF A DISPUTE.
PLEASE CAREFULLY READ THESE TERMS OF USE BEFORE ACCESSING THE SITE OR USING ANY OF THE SERVICES. IF YOU DO NOT WISH TO BE BOUND BY THESE TERMS AND CONDITIONS OR IF YOU CANNOT REMAIN IN COMPLIANCE WITH SUCH TERMS AND CONDITIONS, YOU MAY NOT ACCESS THE SITE OR USE ANY OF THE SERVICES AND SHOULD IMMEDIATELY CEASE SUCH ACCESS AND USE.
Disclaimer
1. Investment
You acknowledge and understand that the Services of algokart are not intended to supply investment, financial, tax or legal advice. The Services are not investment advice and any observations concerning any security, trading algorithm or investment strategy provided in the Services is not a recommendation to buy, sell or hold such investment or security or to make any other investment decisions. We offer no advice regarding the nature, potential value, risk or suitability of any particular investment strategy, trading algorithm, transaction, security or investment. You acknowledge and agree that any use of the Services, any decisions made in reliance on the Services, including any trading or investment decisions or strategies, are made at your own risk. If investment, trading or other professional advice is required, the services of a competent, licensed professional should be sought. No employee, agent or representative of algokart is authorized to provide any such advice pursuant to this Agreement, and any such advice, if given, is in violation of algokart's policies, and unauthorized and hence should not be relied upon.
The services referred to in our site may have tax consequences and it is important to bear in mind that we do not provide tax advice. The level of taxation depends on individual circumstances and such levels and bases of taxation can change. You should consult your own tax advisor in order to understand any applicable tax consequences.
Algokart has developed, verified the results and provided the reports of backtest results. You are Solely Responsible for verifying the Accuracy of a trading strategy by carefully going through the backtests. The quality of the product's analysis and optimization depends on past data modelling and has deviations from real time results owing to the nature of backtesting and data provided by our vendors. After deployment, alerts have been made available in the product to ease expedite your entry of the position, and you, as user of the system, are solely responsible for its usage. As such, you must carefully review all backtest reports in all ways necessary to ensure their accuracy and fidelity. While there are other factors governing analysis and optimization accuracy, the quality of the product outputs depends on the quality of data that we model. The trades generated by the Service may increase beyond what is practical to execute, due to broker execution limits and the difficulties in executing a complex trade in an all-or-none fashion. Moreover, once the trade is executed, the management of a complex trade becomes more difficult than is normally the case. Another factor is that you may not be authorized to execute all contract types found in the solutions generated. Algokart makes no representation that a solution generated by the Service can be executed and effectively monitored and managed in practice. It is entirely your responsibility to assess the appropriateness, suitability, and practicality of the solutions generated by the optimizer. It is your responsibility to ensure the trade is executable and manageable, and appropriate for your needs.
2. Backtest methodology
A backtest means testing an algorithm/strategy/strategyrithm on historical data and approximating its profitability. Historical returns, expected returns, and probability projections are provided for informational and illustrative purposes, and may not reflect actual future performance due to certain assumptions in the backtest results that might not hold true during live trading.
Charts and performance numbers are backtested/simulated results calculated via a standard methodology that includes certain assumptions.
Here are a few assumptions that have been used while backtesting strategies/algorithms/strategyrithms displayed on algokart:
The illustrated returns incorporate a constant transaction cost as a percentage of turnover. This might vary in live trading depending on state specific charges and delay in execution of alerts. No actual money was invested or trades were executed while calculating the algorithm’s performance. Returns are calculated from historical data from third party vendors. Profits are not reinvested however losses are accounted for. Performance and risk scores are derived from our in-house metrics, which try to best approximate a strategy’s profitability and risk. These should not be considered investment recommendations in any way and are provided for informational and illustrative purposes.
Dividends earned while a stock is held by an algorithm during the backtest period are not included in the illustrated results.
All information present on the algokart platform is to help investors in their decision making process and shall not be considered as a recommendation or solicitation of an investment or investment strategy. Investors are responsible for their investment decisions and are responsible to validate all the information used to make the investment decision. Investor should understand that his/her investment decision is based on personal investment needs and risk tolerance, and performance information available on the algokart platform is one among many other things that should be considered while making an investment decision.
Past performance does not guarantee future returns and performance of algorithms/strategies/strategyrithms is subject to market risk and several other risks mentioned in the below mentioned risk disclosure document.
3. Execution alerts
Once the strategy is live and an alert is generated based on the conditions in the strategy, our systems attempt to deliver the alert to the user over the internet. By using this service, the user acknowledges they understand that the alerts' delivery is dependent on many factors such as the internet connection of the user, location, time of the day, server load, data availability etc.
We recommend users to be logged in to algokart.in, keep it open in their browser and maintain a fast uninterrupted internet connection to their devices to see the best alerts delivery.
Algokart relies on third party services for market data eg. Kite (Zerodha Trading Platform) for ticks, OHLCV etc. If these services are down due to unforeseen circumstances or experience a down time due to various technical / non technical issues, Algokart might not be able to generate and deliver the actionable alerts on time or at all.
Once a signal is generated, we try to send this signal to the user's device over the internet. The delivery of these alerts are subject to network conditions of the user, internet services and technical issues.
Accurate and complete real-time price data is critical for the success of strategyrithmic trading. Our service providers or systems that provide data could experience failures, errors, lag, and latency which could result in missing, incorrect, or stale market data leading to no/wrong signals(alert) while triggering an alert.
All actionable order alerts are read-only alerts, where with a single click the user can send the order to the exchange. The actionable order alerts are made read-only in order to obtain consistency in the deployed and backtest results and to avoid any drastic increase in risk. If on any scrip / instruments such as Stock, Futures, Currency Futures etc., there is high volatility due to news based or non news based or any speculative events / positions, Streak is not responsible for higher slippages. You understand that volatility is the nature of the market.
Upon clicking on buy/sell on the order window, based on users network speed, a network latency can be experienced and any rapid clicks on the buy/sell button through same or different windows can lead to multiple order placements. Users take full responsibility on making sure the actions on the notifications are their own actions and are fully aware of their positions and strategy status when clicking on the buy/sell button. Algokart is not responsible for any profits/losses incurred due to the user’s failure to acknowledge or execute the alerts. Algokart expects the user to be aware of the consequences that arise due to missing the alerts, (Eg. downsizing of positions in the subsequent alerts due to unforeseen losses)
Risk Disclosure
Using Services on the platform, presents several different types of risk. We have summarized these below. You should read and understand these risks before you use any of Stratzy Fintech Pvt. Ltd. (algokart.in)’s services.
1. Loss of invested money
All the information provided on the website regarding the product are derived from backtested results. Past performance does not guarantee future performance. Use of any product/service provided by us, involves significant risks and potential for financial losses. The service provided by us are not investment advice and any observations concerning any security, trading algorithm or investment strategy provided in the Services is not a recommendation to buy, sell or hold such investment or security or to make any other investment decisions. We would not be responsible for any profit/losses incurred by using the products/services provided on our website.
2. Internet and Mobile technology risk
The product/services provided by the website uses internet and is susceptible to all risks related to the technology.
The alerts generated by our system are communicated over the internet and sometimes by mobile SMSs. By using this service, the user acknowledges they understand that the alerts' delivery is dependent on many factors such as the internet connection of the user, location, time of the day, server load, data availability etc. We rely on third party services for market data for ticks, OHLCV etc. If these services are down due to unforeseen circumstances or experience a down time due to various technical / non technical issues, We might not be able to generate and deliver the actionable alerts on time or at all.
Once a signal is generated, we try to send this signal to the user's device over the internet. The delivery of these alerts are subject to network conditions of the user, internet services and technical issues.
Accurate and complete real-time price data is critical for the success of strategyrithmic trading. Our service providers or systems that provide data could experience failures, errors, lag, and latency which could result in missing, incorrect, or stale market data leading to no/wrong signals(alert) while triggering an alert.
Upon clicking on buy/sell on the order window, based on users network speed, network latency can be experienced and any rapid clicks on the buy/sell button through same or different windows can lead to multiple order placements. Users take full responsibility on making sure the actions on the notifications are their own actions and are fully aware of their positions and strategy status when clicking on the buy/sell button.
3. Live trading related risk
All actionable order alerts are read-only market order alerts, where with a single click the user can send the order to the exchange. The actionable order alerts are made read-only in order to obtain consistency in the deployed and backtest results and to avoid any drastic increase in risk. If on any scrip / instruments such as Stock, Futures, Currency Futures etc., there is high volatility due to news based or non news based or any speculative events / positions, We are not responsible for higher slippages. You understand that volatility is the nature of the market.
Time lag at various point in live trading might cause unexpected behavior. The time lag between the actionable alert generation time, the time at which you receive the actionable alert, and the time at which you take action on the alert, can cause a delayed order placement in the market, lead to cancellations, and cause you loss (or fail to gain profits) and may deliver unanticipated results vastly different from the backtest results.
The relevant market might fail or behave unexpectedly. Market centers in which you seek to implement your trading strategy may fail or behave incorrectly because of technical reasons relating to infrastructure, connectivity, and similar factors. Your orders placed might suffer from adverse market conditions. Those conditions can include lack of liquidity, and abrupt and unwarranted price swings. Also possible are late market openings, early market closings, market chaos, and mid-day trading pauses, and other such disruptive events.
Your broker may experience failures in its infrastructure, fail to execute your orders in a correct or timely fashion or reject your orders.In addition, even if our infrastructure or your broker's infrastructure and API are working correctly, the orders may get rejected in error or by design, incorrectly execute orders, or induce errors through unexpected behavior (such as returning messages out of sequence, incorrectly acknowledging orders, or posting incorrect execution reports). If at all, any losses arise from these risks, Stratzy Fintech Pvt. Ltd. (algokart.in) bears no responsibility for this.
The systems of third parties in addition to those of the provider from which we obtain various services, your broker, and the applicable securities market may fail or malfunction.The operations of these third parties are beyond all of our reasonable control. Regardless of the reason for any failure by your broker, the market in which you seek to have trades executed, or these other third parties, we will not have any liability for any such failure.The systems of these data providers could experience failures, errors, and latency, which could result in missing, incorrect, or stale market data.
In addition to all of the risks described above, live strategyrithmic trading is subject to the following types of types of risk:
i. Backtesting Cannot Assure Actual Results.
It is not possible for a computer model to truly predict what might have happened if an strategyrithm-based trading strategy was in play in a live trading environment. For example, the implementation of such a strategy can itself have an impact on the market, and the model may fail to account for real-life factors that impact the model. Moreover, the model may fail to account for execution costs including broker commissions, fees, and trading slippage. A promising model result does not necessarily predict a successful strategy. Execution of the strategyrithm and the performance of that code may prove to be impossible in a live trading environment. Changes in various market factors not foreseen in a model can change, causing a strategy to fail. A backtest might be over-fitted to past data, and fail when the strategy is applied to new, live data. Orders that were executed correctly in the backtesting environment may be disallowed or rejected because of various reasons eg: margin requirement , illiquid stocks etc causing the strategyrithm to fail or otherwise not perform as expected. Attempts to create, exit, or cancel orders might fail, or might result in unexpected outcomes. Moreover, your strategyrithm might not handle market conditions that cannot be reasonably anticipated, i.e., a ‘flash crash’ or an exchange outage. These market conditions, by definition, will not have been tested.
ii. The relevant market might fail or behave unexpectedly. Market centers in which you seeking to implement your trading strategy may fail or behave incorrectly because of technical reasons relating to infrastructure, connectivity, and similar factors. Your strategyrithm might suffer from adverse market conditions. Those conditions can include lack of liquidity, and abrupt and unwarranted price swings. Also possible are late market openings, early market closings, market chaos, and mid-day trading pauses, and other such disruptive events.
iii. Your broker may experience failures in its infrastructure, fail to execute your orders in a correct or timely fashion or reject your orders. Algokart infrastructure on which you are running your strategyrithm might fail. In addition, even if Algokart infrastructure or your broker's infrastructure and API are working correctly, the orders may get rejected in error or by design, incorrectly execute orders, or induce errors through unexpected behavior (such as returning messages out of sequence, incorrectly acknowledging orders, or posting incorrect execution reports). If at all, any losses arise from these risks, Stratzy Fintech Pvt. Ltd. (algokart.in) bears no responsibility for this.
iv. The system you use for generating trading orders, communicating those orders to your broker, and receiving queries and trading results from your broker may fail or not function in a correct or timely manner. Latency (i.e., delays) within and between your system, as well as those of your broker and the market in which you seeking to affect trades, might cause orders, corrections, and cancels to be placed or not placed in ways that are not desired. You may receive incorrect information, or be unable to get information, about your orders, your positions, or market conditions. Incorrect actions may be taken, or correct actions may not be taken, because of inaccurate or missing information. In addition, you may be unable to terminate or edit your strategyrithm.
v. Time lag at various point in live trading might cause unexpected behavior. The time lag between the actionable alert generation time, the time at which you receive the actionable alert, and the time at which you take action on the alert, can cause a delayed order placement in the market, lead to cancellations, and cause you loss (or fail to gain profits) and may deliver unanticipated results vastly different from the backtest results.
vi. The systems of third parties in addition to those of the provider from which we obtain various services, your broker, and the applicable securities market may fail or malfunction. Strategyrithmic trading depends on the availability of various services from third parties in addition to your service provider and your broker. These, for example, include providers of data services, computational services, and network connectivity. The operations of these third parties are beyond all of our reasonable control. Regardless of the reason for any failure by your broker, the market in which you seek to have trades executed, or these other third parties, we will not have any liability for any such failure. Accurate and complete real-time price data is critical for the success of strategyrithmic trading. The systems of these data providers could experience failures, errors, and latency, which could result in missing, incorrect, or stale market data.
vii. Malicious and criminal activities might cause your strategies and strategy to fail or your brokerage account to be compromised. All computers and networks are subject to malicious ‘hacking’ attacks and criminal activities designed to misappropriate intellectual property, compromise personally identifiable information, steal funds, or any combination of such purposes. These attacks might be attacks on a target of opportunity or specifically targeted. Each of the various systems described above that are necessary for you to engage in live strategyrithmic trading is subject to such attack. Any such attack could cause the system so attacked to function improperly or not at all and could result in the misappropriation of your intellectual property, the compromise of your personally identifiable information and personal financial information, the theft of your funds and can cause your strategy be misbehave, malfunction or behave erratically.
ANY PERMUTATION OR COMBINATION OF THE OCCURRENCE OF THE POTENTIAL EVENTS THAT DEFINE THE RISKS DESCRIBED IN THIS DISCLOSURE STATEMENTS CAN LEAD TO A TOTAL OR PARTIAL LOSS OF OPERABILITY, RESPONSIVENESS, FUNCTIONALITY, AND FEATURES THAT COULD MATERIALLY AND ADVERSELY AFFECT YOUR USE OF ALGOKART.IN
Other terms and conditions
1. Use of services:
Unless otherwise specified, Stratzy Fintech Pvt. Ltd. grants you a non-exclusive and non-transferable limited right and license to access the site algokart.in.The Services provided on this platform (algokart.in) is for your personal use only, provided that you agree with and comply fully with the provisions of this Agreement. Certain features of the Site or Services are available only to users who have an account with Zerodha/Upstox.The complete customer facing features of algokart.in is available only by paying a premium depending on the plans available.
You acknowledge and understand that our platform hosts trading strategies, their backtest reports, and live alerts during market hours. Algokart is not promoting any strategy or indicator, this is just an algorithmic implementation of the strategy, the description of which is already provided in the strategy's description page.
You further acknowledge and understand that you are supposed to do your own analysis and research before entering a trade, and that you are responsible for your own accord if trades taken from our platform result in any profits/losses occurred.
2. Accounts,Passwords and Security:
To become a registered user, you must register with the platform to get login credentials. We are eligible to know your current, complete and accurate personal identifiable information, including, without limitation, your real name and the email address through which we can correspond with you and the telephone number, as prompted by the applicable registration form. You further agree to keep any registration information you provide to us. current, complete and accurate.
FURTHERMORE, YOU ARE ENTIRELY RESPONSIBLE FOR ANY AND ALL ACTIVITIES AND CONDUCT, WHETHER BY YOU OR ANYONE ELSE, THAT ARE CONDUCTED THROUGH YOUR ACCOUNT. We may hold you liable for any losses incurred by algokart or any other party due to someone else’s use of your account or password. You agree to notify Stratzy Fintech Pvt. Ltd. by writing to support@sensum.tech immediately upon your becoming aware of any unauthorized use of your account or any other breach of security involving your account. Stratzy Fintech Pvt. Ltd. will not be liable for any loss that you or any other party may incur as a result of someone else’s use of your password or account, either with or without your knowledge.
We use the term “Content” to mean entire or partial strategies, trading strategies, data transformations, data analysis and manipulation functions, tools, software, data, databases, text, messages, images, graphics, video files, audio files, ideas or any other information and materials. We use the term “Shared Content” to mean the Content (other than third party data) that we, you, or other Registered Users of algokart post in publicly accessible areas of the Site and Services. Third party data is subject to the terms and conditions of the provider of such data. Other than as provided at the end of this Section in respect of Shared Content, you acknowledge and agree that you will NOT:
i. Copy, modify, publish, transmit, distribute, transfer or sell, create derivative works of, or in any way exploit, any of the Content accessible through the Site not submitted or provided by you, including by use of any robot, spider, scraper, scripting, deep link or other similar automated data gathering or extraction tools, program, strategyrithm or methodology, unless you obtain Stratzy Fintech Pvt. Ltd.’s prior written consent; use the Site or Services to advertise, market, sell, or otherwise promote any commercial enterprise that you own, are employed by or are otherwise compensated by, either directly or indirectly; use any engine, software, tool, agent or other device or mechanism to navigate or search the Site, other than the search engines and agents available through the Service and other than generally available third party web browsers; copy, reverse engineer, reverse assemble, otherwise attempt to discover the source code, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer or sell any information, software, products or services obtained through the Site or the Services; access the Site or use the Services by any means other than through Stratzy Fintech Pvt. Ltd.-provided or approved interfaces; transmit any Content that is unlawful, harmful, threatening, abusive, harassing, tortious, defamatory, vulgar, obscene, libelous, or otherwise objectionable or which may invade another's right of privacy or publicity;
ii. post or transmit any material that contains a virus, worm, Trojan horse, or any other contaminating or destructive feature; post or transmit information protected under any law, agreement or fiduciary relationship, including but not limited to proprietary or confidential information of others; use any of the Site’s or Service's communications features in a manner that adversely affects the availability of its resources to other users; post or transmit any unsolicited advertising, promotional materials, "junk mail", "spam," "chain letters," "pyramid schemes" or any other form of solicitation or any non-resumé information such as opinions or notices, commercial or otherwise; access or use the Site or Services to intentionally or unintentionally violate any applicable local, state, national or international law, including, but not limited to, regulations promulgated under any such law; upload or transmit any material that infringes, violates or misappropriate any patent, trademark, service mark, trade secret, copyright or other proprietary rights of any third party or violates a third party’s right of privacy or publicity; manipulate or otherwise display or obstruct portions of the Site and/or the Services by using framing or similar navigational technology; register, subscribe, attempt to register, attempt to subscribe, unsubscribe, or attempt to unsubscribe, any party for any Stratzy Fintech Pvt. Ltd. product or Service if you are not expressly authorized by such party to do so;
iii. use the Site and/or the Services for any purpose that is unlawful or prohibited by these terms and conditions; use the Site or the Services in any manner that could damage, disable, overburden or impair Stratzy Fintech Pvt. Ltd.’s servers or networks, or interfere with any other user's use and enjoyment of the Site and/or the Services; attempt to gain unauthorized access to any of the Site, Services, accounts, computer systems or networks connected to Stratzy Fintech Pvt. Ltd. through hacking, password mining, brute force or any other means; obtain or attempt to obtain any Content through any means not intentionally made available as Shared Content through the Site or the Services; or knowingly provide any Content that is false or inaccurate or will become false or inaccurate at any time.
Subscription fee once paid is non-refundable. The billing cycle varies from algorithm (strategyrithm) to algorithm (strategyrithm). There isn’t a cancellation option on algokart, the subscription period is fixed and isn’t autorenewed post expiration, hence the billing isn’t recurring. As a policy we do not refund subscription fee once paid.
We bill you as an when you buy the algorithm (strategyrithm).
Notwithstanding anything contained herein, algokart reserves the right to cancel any user (your) subscription anytime with or without prior notice to the client (you).
5. Intellectual property and trademark :
The Website algokart.in, its general structure, its live feeds, pre coded trading strategies, their backtest result as well as text, animated or non-animated images, know-how, drawings, graphics, as well as the look and feel of the site, for everyone are and shall remain the exclusive property of Algokart. You are only entitled to view information for your private use only. You may not reproduce, by any means, or process, in whole or in part, distribute, publish, transmit, create derivative works based on, modify or sell any such materials contained on the site. Any total or partial representation of this site by any process without the express authorization of the operator of the Website is prohibited and legal action will be enforced punishable by law.
6. Backtesting and data:
Backtesting results are hypothetical and are simulated on historical data. The performance results have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. These trades have not actually been executed, these results may have under-or over-compensated for the impact, especially when we have lack of liquidity in the market or news driven events or any other conditions. Simulated or hypothetical trading strategies in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those backtested.
In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading Strategies in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific Strategies trading which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
Chart data is subjected to minor variations from market time to post market times due to standard data adjustments.
You acknowledge and understand that (a) we can only give you the benefits of accessing the Site and using the Services by conducting business through the Internet and mobile networks, and therefore we need you to consent to our giving you Communications (defined below) electronically, and (b) this Section informs you of your rights when receiving Communications from us electronically. For contractual purposes, you: (i) consent to receive communications from us in an electronic form and (ii) agree that all terms and conditions, agreements, notices, documents, disclosures, and other communications (“Communications”) that we provide to you electronically satisfy any legal requirement that such Communications would satisfy if they were in writing. Your consent to receive Communications and do business electronically, and our agreement to do so, applies to all of your interactions and transactions with us. The foregoing does not affect your non-waivable rights
You agree to indemnify, defend, and hold Algokart, the exchange (National Stock Exchange), Sensum Research Pvt. Ltd the owner of algokart.in, and its subsidiaries, affiliates, officers, directors, agents, co-branders, sponsors, distributors, or other partners, employees, and representatives harmless from and against any and all claims, demands, actions, causes of action, damages, losses, costs or expenses (including reasonable attorneys' fees and disbursements) which arise or relate, directly or indirectly, out of, from or to (i) your breach of this Agreement or violation of any applicable law or regulation, (ii) any allegation that any materials that you submit to algokart infringe, misappropriate, or otherwise violate the copyright, trade secret, trademark or other intellectual property rights, or any other rights of a third party, or (iii) access or use of the Site and/or the Services by you or anyone using your algokart. account. This Section shall survive in the event this Agreement is terminated for any reason.
YOU ACKNOWLEDGE AND AGREE THAT WE ARE ONLY WILLING TO PROVIDE ACCESS TO THE SITE AND TO PROVIDE THE SERVICES IF YOU AGREE TO CERTAIN LIMITATIONS OF OUR LIABILITY TO YOU AND TO THIRD PARTIES. NEITHER Stratzy Fintech Pvt. Ltd. NOR ITS DIRECTORS, OFFICERS, EMPLOYEES, CONTRACTORS, AGENTS OR SPONSORS ARE RESPONSIBLE OR LIABLE TO YOU OR ANYONE ELSE FOR ANY LOSS OR INJURY OR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY, PUNITIVE OR OTHER DAMAGES UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER THEORY ARISING OUT OF OR RELATING IN ANY WAY TO (I) THE USE OF, DELAYS IN OPERATION, TRANSMISSION OR RESPONSE OF, OR INABILITY TO USE THE SITE OR THE SERVICES; (II) ANY CONTENT CONTAINED ON THE SITES AND/OR THE SERVICES; (III) STATEMENTS OR CONDUCT POSTED OR MADE PUBLICLY AVAILABLE ON THE SITES AND/OR THE SERVICES; (IV) ANY PRODUCT OR SERVICE PURCHASED OR OBTAINED THROUGH THE SITES; (V) ANY ACTION TAKEN IN RESPONSE TO OR AS A RESULT OF ANY INFORMATION AVAILABLE ON THE SITES OR THE SERVICES; (VI) ANY DAMAGE CAUSED BY MISTAKES, INACCURACIES, OMISSIONS, ERRORS, INTERRUPTIONS OR LOSS OF ACCESS TO, DELETION OF, FAILURE TO STORE, FAILURE TO BACK UP, OR ALTERATION OF ANY CONTENT ON THE SITES OR THE SERVICES, OR (VII) ANY OTHER FAILURE OF PERFORMANCE OF THE SITE OR SERVICES OR OTHER MATTER RELATING TO THE SITE AND/OR THE SERVICES, IN EACH CASE WHETHER OR NOT CAUSED BY EVENTS BEYOND THE CONTROL OF OUR DIRECTORS, OFFICERS, EMPLOYEES, CONTRACTORS, AGENTS OR SPONSORS, INCLUDING, BUT NOT LIMITED TO, ACTS OF NATURE, COMMUNICATIONS LINE FAILURE, THEFT, DESTRUCTION, OR UNAUTHORIZED ACCESS TO THE SITE OR SERVICES OR CONTENT STORED THEREIN. IN NO EVENT SHALL Stratzy Fintech Pvt. Ltd.'S TOTAL LIABILITY TO YOU FOR ANY AND ALL DAMAGES, LOSSES, AND CAUSES OF ACTION (WHETHER IN CONTRACT, TORT, STATUTORY, OR OTHERWISE) EXCEED ONE RUPEE (RS 1.00). SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF CERTAIN TYPES OF LIABILITY. ACCORDINGLY, SOME OF THE ABOVE LIMITATIONS AND DISCLAIMERS MAY NOT APPLY TO YOU. TO THE EXTENT THAT WE MAY NOT, AS A MATTER OF APPLICABLE LAW, DISCLAIM ANY IMPLIED WARRANTY OR LIMIT LIABILITIES, THE SCOPE AND DURATION OF SUCH WARRANTY AND THE EXTENT OF OUR LIABILITY WILL BE THE MINIMUM PERMITTED UNDER SUCH APPLICABLE LAW.
Sensum Research Pvt Ltd shall not be responsible for delay or default in the performance of their obligations due to contingencies beyond their control, such as (including but not limited to) losses caused directly or indirectly by exchange or market rulings, suspension of trading, fire, flood, civil commotion, earthquake, war, strikes, failure of the systems, failure of the internet links or government/regulatory action.
The Client is aware and acknowledges that trading over the internet involves many uncertain factors and complex hardware, software, systems, communication lines, peripherals, etc., which are susceptible to interruptions and dislocations; and the Online Trading Service of algokart.in may at any time be unavailable without further notice. Upon clicking on buy/sell on the order window, based on client's network speed, a network latency can be experienced, and any rapid clicks on the buy/sell button through same or different windows can lead to multiple order placements. Clients take full responsibility on making sure the actions on the notifications are their own actions and are fully aware of their positions and strategy status when on the buy/sell button. Algokart does not make any representation or warranty that its services will be available to the Client at all times without any interruption. The Client agrees that he shall not have any claim against the Exchange or Algokart on account of any suspension, interruption, non-availability or malfunctioning of Service of Algokart or the Exchange's service or systems for any reason whatsoever
Modification of terms
We may, at Our sole discretion, change, modify, add, or remove portions of these Terms and the Services from time to time without any prior written notice to You. We may do this for a variety of reasons including to reflect changes and requirements under the law, new features, or changes in business practices. It is Your responsibility to review these Terms periodically for updates/changes. Your continued use of the Services following the posting of changes will be deemed as Your acceptance of the revisions and that You agree to such amended Terms.