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Terms of Service

Last updated: April 18, 2026

Welcome to PicoFxBot. By accessing or using our website at picofxbot.com and our services, you agree to be bound by these Terms of Service. Please read them carefully before using our platform.

1. Service Description

PicoFxBot provides an automated algorithmic forex trading service. We connect your MetaTrader 4 (MT4) or MetaTrader 5 (MT5) broker trading account to our proprietary trading algorithm, which executes trades on your behalf via API-based ML-driven trading technology.

PicoFxBot does not act as a broker, financial advisor, or investment manager. We provide a technology service that automates trade execution based on algorithmic signals. You maintain full control of your broker account and funds at all times.

2. Eligibility

To use PicoFxBot, you must:

  • Be at least 18 years of age (or the age of majority in your jurisdiction)
  • Have a valid MT4 or MT5 trading account with a licensed forex broker
  • Meet the minimum capital requirements for the platform
  • Not be located in a jurisdiction where forex trading or cryptocurrency payments are prohibited

3. ML API Token System

PicoFxBot operates on a pay-as-you-go ML API Token system. There are no tiers, no recurring billing, and no fixed terms. Tokens are the sole unit of account on the platform:

  • Token value: 1 token = $1 USD. Tokens are used to cover profit share fees on winning trades.
  • Profit share model: A 40% profit share fee is calculated using an equity high-water mark (HWM) model. Fees are only charged when your broker account equity grows past its previous peak. If your account is in drawdown, $0 in fees are charged until equity fully recovers. Deposits and withdrawals are automatically detected and excluded from profit calculations.
  • Hard stop at $0: When your token balance reaches $0, all open positions are closed and your broker account is automatically disconnected. No debt is incurred.
  • Free tokens: New users receive a one-time $20 free token credit, claimable on the dashboard. No credit card is required. Free tokens are non-transferable.
  • Top-ups: You may top up your token wallet at any time. Minimum top-up is $10 with no maximum. Payments are accepted in cryptocurrency (BTC, ETH, USDT, USDC).
  • No refund on used tokens: Tokens consumed by profit share fees are non-refundable. Unused tokens may be refunded within 30 days of purchase. See our Refund Policy for details.

4. Trading Operations

PicoFxBot trades continuously on your behalf as long as your token balance is above $0. There are no time limits, no fixed trading windows, and no return targets. The ML algorithm operates around the clock during market hours.

Trading results are not guaranteed. Market conditions, execution quality, broker spreads, slippage, and other factors affect outcomes. Past performance is not indicative of future results.

A minimum broker deposit of $500 is recommended in your trading account, with a minimum leverage of 1:500. There is no maximum balance cap — your account can grow without restriction. Trade sizes are automatically scaled proportional to your balance.

Account balances are checked during account activation. If your balance is below the recommended minimum at the time of activation, you will be prompted to deposit additional funds before trading can begin.

5. Account Credentials

To activate our service, you must provide your MT4/MT5 trading password. This password is used solely to connect and execute trades on your account via API. It does not allow withdrawals or fund transfers from your broker account. Your funds remain fully under your control at all times.

All credentials are encrypted using AES-256 encryption at rest and transmitted over TLS 1.3 encrypted channels. They are stored in isolated, secure vaults and are never accessible in plaintext — not even by PicoFxBot staff. Our zero-knowledge architecture ensures that encryption keys are derived per-account and never stored alongside the data.

6. User Responsibilities

As a user, you are responsible for:

  • Maintaining sufficient capital in your trading account as recommended by the platform
  • Ensuring your broker account remains active and funded
  • Understanding the risks involved in forex trading
  • Complying with all applicable laws and regulations in your jurisdiction
  • Keeping your PicoFxBot account credentials secure

7. Risk Disclosure

Forex trading involves significant risk of loss and is not suitable for all investors. Past performance is not indicative of future results. The use of algorithmic trading does not guarantee profits or eliminate the risk of loss.

You should carefully consider whether forex trading is appropriate for you in light of your financial situation and risk tolerance. You should only trade with capital that you can afford to lose entirely.

PicoFxBot does not guarantee any specific returns, profit levels, or trading outcomes. Market conditions, execution quality, broker spreads, slippage, and other factors may affect results. Historical performance data displayed on our website is for informational purposes only and does not constitute a guarantee of future performance.

8. Limitation of Liability

To the maximum extent permitted by applicable law, PicoFxBot shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, or trading capital, arising from your use of our service.

PicoFxBot's total liability to you for any claims arising from or related to our service shall not exceed the amount of tokens you purchased in the 30 days preceding the claim.

We are not responsible for losses caused by broker outages, internet connectivity issues, MetaTrader platform failures, or any other factors outside our control.

9. Service Availability

We strive to maintain 24/5 uptime during market hours. However, we do not guarantee uninterrupted service. Scheduled maintenance, system updates, and unforeseen technical issues may temporarily affect service availability.

10. Account Termination

There is no recurring billing to cancel. You may stop trading at any time by disconnecting your broker account from the dashboard. Unused tokens remain in your wallet and do not expire.

You may request a refund of unused tokens within 30 days of purchase. To close your account entirely, contact support and any remaining token balance will be refunded.

We reserve the right to suspend or terminate your account if you violate these Terms, engage in fraudulent activity, or use the service in a manner that could harm PicoFxBot or other users.

11. Anti-Money Laundering (AML) Policy

PicoFxBot is committed to preventing money laundering and terrorist financing. We comply with applicable AML regulations and reserve the right to:

  • Verify the identity of users when required
  • Monitor transactions for suspicious activity
  • Report suspicious activities to relevant authorities
  • Refuse or terminate service to users who fail to comply with AML requirements

All cryptocurrency payments are processed through licensed third-party payment providers that maintain their own KYC/AML compliance programs.

12. Intellectual Property

All content, algorithms, software, and materials on picofxbot.com are the property of PicoFxBot and are protected by intellectual property laws. You may not copy, reproduce, distribute, or reverse-engineer any part of our service or trading algorithm.

13. Changes to Terms

We may update these Terms from time to time. When we do, we will update the "Last updated" date at the top of this page. Continued use of our service after changes are posted constitutes acceptance of the revised Terms.

14. Contact

If you have questions about these Terms, please contact us at picofxbot@gmail.com or visit our Contact page.

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