These terms govern your use of the LiveForexPower website and the LFP trading robot. By obtaining a licence to use LFP, or by using it, you accept them.
What the product is
LFP is a trading robot (expert advisor) for MetaTrader 5, delivered as a compiled build customised for the buyer’s broker and run on the buyer’s own MetaTrader. The licence to use it is controlled and updated from the LFP server. Source code is not delivered.
LiveForexPower does not provide financial advice, asset management or account management, and has no access to your funds, password, withdrawals or deposits. Running the robot, choosing the risk level and continuing or stopping it are your decisions.
Licence to use
- Licences to use come in two types: 6-month and the IB licence. LFP is not sold; what is granted is a non-exclusive, non-transferable right to use the robot.
- Each licence activates on one registered real MT5 account. Further accounts are added to the same licence at the additional-account price.
- Every licence is a dedicated build customised for the buyer’s broker (symbol names, contract specifications and trading hours) and watermarked in their name. Running a build on a broker or account other than those registered is not supported.
- Term licences are valid until the end of the paid term and do not renew automatically.
- Each term licence is counted from the moment the robot is activated on the registered account. From the day after the expiry date, the robot’s access to the licence server and its ability to open new trades are cut off.
- Ownership of the robot, its code, tuned parameters and the LiveForexPower trademark remains with us.
The IB licence
- The IB licence carries no fee and is conditional. It requires that the real account was opened at one of our partner brokers through LiveForexPower and that it is funded to at least USD 5,000.
- It has no expiry date. It is valid for as long as the registered account’s balance stays above a third of net deposits — every deposit minus every withdrawal on that account — which is recomputed on each deposit and each withdrawal.
- As soon as the balance reaches or falls below that floor, from the next day the robot’s access to the licence server and its ability to open new trades are cut off. Open positions are not closed and each keeps its stop loss at the broker.
- Funding the same account back to USD 5,000 reactivates the licence, with the floor recomputed.
- If the account ceases to be registered under LiveForexPower, is moved to another broker, or our relationship with that broker ends, the account’s IB licence ends with it. A term licence may be taken out to continue.
- In this model LiveForexPower’s income comes from the broker’s introducing commission and depends on the account’s trading volume. The robot, the trading styles and the tuned parameters are the same build delivered to paying licence holders, and the risk level is the user’s choice.
- Trading conditions, spread, commission and execution quality are set by the broker, not by us. The free compatibility test examines exactly these before you register.
Undertaking
Before any licence is delivered, an undertaking is signed digitally covering non-publication, non-resale, non-transfer and no reverse engineering of the robot. In breach, the licence is revoked without refund.
End of licence and disconnection
- From the day after a licence term ends, the robot has no access to the licence server and opens no new trades.
- Losing the connection to the licence server does not close positions; each keeps its stop loss at your broker.
Prohibited use
- Copying, publishing, reselling, sub-licensing or sharing the robot or a licence.
- Redistributing or passing on the robot’s trades to other accounts or people, including with trade-copying software.
- Reverse engineering, decompiling or tampering with the robot, or attempting to bypass the licensing mechanism.
- Use on any account other than those registered for the licence.
Your responsibilities
- Choosing a broker, choosing the trading style and deciding to run the robot on a live account.
- Keeping MetaTrader running and connected, and providing a VPS if needed.
- Providing the correct account number and broker server; your dedicated build is produced from them.
- Complying with the laws of your country of residence, your broker’s rules and the rules of any funding firm you trade with.
No guarantee
The robot is provided “as is”. Neither backtest results nor the LFP live account’s performance guarantee profit, future performance or the results of your account. Your results differ from them because of broker costs and execution quality, your risk level and when you start.
Limitation of liability
LiveForexPower is not liable for trading losses, broker service disruptions, internet or server outages, or decisions made on the basis of the robot or this site’s content. In any case our liability will not exceed the amount you paid for the licence concerned.
Updates and service availability
We may update the robot, its tuned parameters or the licence server to fix issues or improve them. We make every effort to keep the licence server available, but uninterrupted availability is not guaranteed.
Changes to these terms
These terms may be updated. The date of the latest change is shown at the top of this page.