Draft, pending legal review. This is placeholder text and isn't final or legal advice. Bracketed items still need details.

Trading risk disclaimer

Futures trading is risky. Please read this.

Trading futures and options involves substantial risk of loss and is not suitable for every investor. You can lose more than your initial deposit. Only trade with money you can afford to lose.

Prop firm evaluations are paid products. Most people who buy them do not pass or do not receive a payout. Read each firm's rules, refund policy and payout terms carefully.

Past performance, including results recorded in your journal or shown in sample data on this site, is not indicative of future results. Hypothetical or simulated performance has inherent limitations.

smart.trader is not a broker, futures commission merchant, commodity trading advisor or investment adviser, and is not registered with the CFTC, NFA or SEC. Nothing on this site is a recommendation to trade or to buy any product.

[Counsel to confirm CFTC Rule 4.41 hypothetical-performance language and any jurisdiction-specific requirements.]