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Trading and Paper-Trading Disclaimer

Why nothing in the terminal is a real trade, and what that means for you.

Every order, position, fill, margin figure, charge and profit or loss in TradeToday Terminal is simulated on virtual money. The terminal has no function to send orders to any exchange or broker, and real-money trading cannot be switched on.

• Simulated orders are filled by our own model using the prices available to you, with estimated slippage and estimated charges.
• Margins shown are estimates, not your broker's actual requirement.
• The "paper kill switch" only stops simulated orders in your paper account.
• Target, stop-loss, trailing-stop and intraday exits are rules you set for your own paper positions; the terminal applies them to simulated positions only.

If you trade for real elsewhere, your broker's terms, prices and margins apply, not anything shown here.