Vorda legal
Terms of Service
These draft Terms contain unresolved fields and are not a binding agreement. The contracting entity is expected to be [LEGAL ENTITY NAME] Pty Ltd, an Australian proprietary limited company. Its registered name, ACN, ABN, address, launch markets, consumer terms, liability allocation, dispute process, and effective date are not yet approved.
The Trading and Automated Execution Risk Disclosure, Privacy Notice, Cookie Notice, and checkout-specific Subscription Terms are incorporated where applicable.
1. About these Terms
These Terms will govern the Vorda website, application, APIs, hosted MCP tools, and related software and support (the Service). Once effective, creating an account, expressly accepting the Terms, or using the Service as an authorised organisation representative will form the agreement.
Questions may be sent to [email protected]. Formal notice details remain [NOTICE EMAIL] and [NOTICE ADDRESS] until the company is registered.
2. Eligibility and account authority
Users must be at least 18, legally capable of contracting, and permitted to use the Service in their location. A connected account must be owned by the user or operated under formal authority recognised by the relevant broker or exchange (Provider).
- Provide accurate account information and protect authentication factors and credentials.
- Do not share credentials or use another person's Provider account without recognised authority.
- Business, adviser, fund, employer, or delegated-account use requires Vorda's written approval.
3. What Vorda provides
Vorda provides self-directed software and execution infrastructure. Users configure supported Signal Sources, Trading Rules, Automations, Provider connections, and execution parameters. The investment thesis, trading strategy, and directional signal originate outside Vorda.
Vorda does not create or generate trading strategies. Trading Rules are execution controls, not a trading strategy. Vorda can validate, constrain, reject, and transmit supported instructions to the selected Provider.
4. No advice, discretion, brokerage, or custody
Vorda does not provide financial product advice, investment advice, personal recommendations, suitability assessments, portfolio management, discretionary trading, brokerage, tax advice, or legal advice. It does not recommend an instrument, Provider, strategy, allocation, size, timing, or expected return.
Vorda does not hold customer money, securities, financial products, or other assets and does not provide withdrawal or transfer functionality. The Provider controls final routing, acceptance, cancellation, execution, fills, custody, and the authoritative account record.
5. User instructions and supervision
Users select and supervise every source, rule, Provider, account, symbol, quantity, order type, and Automation; understand Provider terms, fees, margin, and failure modes; and monitor open positions, working orders, alerts, and activity.
An accepted request, readiness result, simulation, status, alert, or execution Proof does not guarantee submission, fill, price, profit, or loss prevention.
6. Credentials and Provider connections
Users authorise Vorda to use supplied credentials or tokens only to provide the requested Service. Users must use least privilege and must not grant withdrawal or transfer authority where it is not required.
Disconnecting a credential does not necessarily close positions or cancel orders already held by a Provider. Compatibility or display of a Provider name or logo does not imply endorsement or partnership.
7. Automated execution risk
Messages may be delayed, duplicated, malformed, stale, incomplete, or conflicting. Systems may be unavailable. Orders may be rejected, delayed, partially filled, filled at an unexpected price, or not filled. A Provider response may be ambiguous, and retrying can create duplicate-order risk.
A user must read and acknowledge the current Risk Disclosure before real-money Live activation. Stopping or disabling a source, Automation, credential, workspace, subscription, or account may block new entries without closing positions or cancelling Provider-side orders.
8. Simulations and beta features
Sandbox, paper, demo, testnet, simulation, preview, and beta results may differ materially from live conditions and do not predict performance. Documentation, examples, status indicators, and AI-generated explanations are general operational information, not advice.
9. Acceptable use
- Do not use Vorda unlawfully, deceptively, in breach of sanctions, market rules, Provider terms, or third-party rights.
- Do not manipulate markets, conceal unauthorised third-party account use, or bypass authentication, rules, readiness, rate limits, or security controls.
- Do not disrupt, overload, scrape, reverse engineer, or resell the Service except as permitted by law or written agreement.
10. Fees, renewals, and taxes
Paid use will be governed by the checkout shown before purchase and the Subscription Terms. Checkout must control the exact price, currency, interval, trial, taxes, renewal date, and plan features. Pricing and checkout are not final in this draft.
Nothing in the final Terms may exclude rights or remedies that cannot be excluded under the Australian Consumer Law or another applicable law.
11. Intellectual property and data use
Vorda and its licensors own the Service and related intellectual property. Users retain rights in their configurations and instructions and grant only the rights reasonably needed to host, process, transmit, secure, support, and improve the Service for them.
Vorda will not silently use customer trading data to train a general-purpose model. Any future secondary use requires a separately approved purpose, disclosure, lawful basis, and control.
12. Third-party services
Clerk, Stripe, Cloudflare, AWS, analytics providers, Telegram, Signal Sources, and Providers operate under their own terms. Vorda is not responsible for their independent conduct, availability, fees, rule changes, or decisions.
13. Suspension, termination, and safe exit
Vorda may suspend access for security, non-payment, legal or Provider requirements, material breach, or risk to others. Before deactivation or termination, users must inspect the Provider account and manage open positions and orders directly.
Account deactivation is designed to stop Live Automations and disable active connections; it does not silently close Provider positions.
14. Warranties and non-excludable rights
The final agreement will not promise uninterrupted availability, error-free operation, execution, fill, price, profitability, compatibility, or loss prevention. It will not exclude or restrict a consumer guarantee, right, remedy, or liability that cannot lawfully be excluded.
15. Liability and disputes — unresolved
[COUNSEL TO INSERT A PROPORTIONATE LIABILITY FRAMEWORK, CAP, EXCLUDED LOSSES, NON-EXCLUDABLE-LIABILITY CARVE-OUTS, GOVERNING LAW, FORUM OR ARBITRATION PROCESS, CONSUMER CARVE-OUTS, AND NOTICE METHOD.]
No liability cap, indemnity, arbitration clause, class waiver, or exclusive forum is effective in this draft.
16. Changes
Material changes affecting execution, privacy, billing, liability, or disputes should receive reasonable advance notice where practicable and a new acceptance where appropriate. A changed footer date alone is not sufficient notice.