Risk Notice

Backtests replay historical data, while paper trading uses virtual funds with simulated execution. Both depend on data, model, fee, slippage, liquidity, and configuration assumptions; neither proves how a strategy will perform live.

Live trading uses real funds in a connected exchange account or an AlphaFox-managed Hyperliquid trading account. Volatility, leverage, liquidation, funding, fees, latency, order-book depth, exchange outages, and API failures can produce losses or execution that differs from backtest and paper results.

Public rankings, ROI, profit, charts, labels, and leader activity describe recorded results, not future returns. Copy trading follows future signals only and does not backfill positions opened before you started. Your fills and results can differ from the source.

For exchange API connections, funds stay in your exchange account and orders use the access you authorize. Grant read and trade permissions only, never withdrawal; use exchange IP allowlists where supported and rotate exposed credentials.

If you choose an AlphaFox-managed Hyperliquid trading account, AlphaFox creates and holds the keys for that account and for your funding account, and can submit the trading and transfer operations you authorize. Withdrawals are initiated only from the funding account, and each one needs confirmation with an enrolled Passkey, Authenticator, or email code. You can export any trading account's private key; once exported, you fully control that account yourself. Deposits land in the funding account first and are transferred into a trading account; review the destination, network, amount, fees, account status, and strategy risk before funding or approving an operation.

For every connection type, review each strategy's position sizing and risk controls, protect account access, and contact support immediately if activity or credentials appear compromised.