Current product boundary. Paper trading is simulated. The current live route is a user-approved SOL/USDC spot swap through 0x on Solana at 1×. Stocks and Forex in MultiX may display real market data, but MultiX does not currently execute live stock, Forex, CFD, futures, options or 1000× orders. A “1000×” control is a simulation feature until an eligible, authorized execution venue is integrated.
1. Nature and status of the service
MultiX provides software interfaces for market information, paper trading and, where expressly enabled, access to third-party blockchain transactions. MultiX does not promise that any feature will be available in every jurisdiction, and access may be limited, suspended or removed to meet legal, provider, network or risk requirements.
Nothing in the interface is investment, legal, tax or accounting advice. Users make their own decisions and remain responsible for applicable laws and taxes.
2. Eligibility and jurisdiction
A user must be legally able to use each selected service where the user is located. Funding with cryptocurrency, using a self-custody wallet or selecting Panama law does not remove local securities, commodities, derivatives, money-transmission, sanctions, consumer-protection, tax or licensing requirements. MultiX may require identity, location and sanctions checks before enabling regulated or real-money features.
3. Decentralized protocols and smart contracts
Some transactions may be routed through public blockchains, smart contracts, decentralized exchanges, aggregators, bridges, oracle networks or other protocols operated by third parties. MultiX may provide an interface to these systems without controlling their code, validators, governance or continued availability.
- Transactions may be irreversible after the wallet signs and the network confirms them.
- Smart contracts may contain bugs, vulnerabilities, permission risks or economic-design failures.
- Networks may become congested, fork, halt, reorganize or charge unexpectedly high fees.
- Oracles and routing systems may publish incorrect, delayed or manipulated information.
- A protocol can change its rules, supported assets or geographic access without notice.
Users must review the wallet transaction, token, network, quoted amount, minimum received and fees before signing.
4. Liquidity providers and execution quality
Liquidity may come from market makers, automated market makers, order books, aggregators, settlement pools or other third parties. A displayed quote is not a guarantee of execution. Available liquidity can disappear between quote and settlement.
Orders may experience spread, price impact, slippage, partial execution, rejection, reversion, delay or failure. Thin liquidity and fast markets can make it difficult or impossible to open, close or withdraw at the expected time or price. A liquidity provider may stop quoting, become insolvent, lose access to banking or blockchain infrastructure, or reject a transaction under its own rules.
5. Counterparty and settlement risk
A counterparty is any person or service whose performance is needed for a transaction or withdrawal to complete. Depending on the route, this may include another user, a liquidity provider, market maker, protocol, custodian, bridge, stablecoin issuer, payment processor, settlement pool or execution venue.
If a counterparty defaults, lacks collateral, becomes insolvent, is hacked, freezes assets, fails to settle or disputes a transaction, a user may lose principal or profit and may be unable to close a position or withdraw funds. Blockchain records do not guarantee that a counterparty can or will perform. MultiX cannot guarantee recovery from an independent counterparty.
Stablecoin risk
USDC or another settlement asset can lose its peg, be frozen by its issuer, become unsupported on a network or trade at different prices across venues. A displayed “USD” value does not mean funds are insured bank deposits.
6. Market, leverage and liquidation risk
Digital assets, stocks, currencies, commodities and indices can move rapidly. Leverage magnifies gains and losses. A small adverse move can consume all posted margin, trigger liquidation and produce fees or losses beyond an expected amount where venue rules permit. Stop-loss and take-profit instructions may not execute at the selected price during gaps, outages or insufficient liquidity.
Paper results do not predict live results. The simulator does not fully reproduce real spreads, funding, borrow costs, taxes, latency, price impact, liquidation engines or counterparty failure.
7. Market-data and technology risk
Quotes and charts may be incomplete, delayed, stale or limited to one venue. For example, a free IEX stock feed does not represent all U.S. exchanges. Market-data providers may restrict redistribution and may change their entitlements or rates. MultiX labels sample data, authentic historical data and stale quotes separately, and pauses paper order entry when a required real quote is stale.
Internet, device, browser, server, API, provider and blockchain failures can delay or prevent orders, exits, deposits or withdrawals. Users should verify material information independently.
8. Self-custody wallets, deposits and withdrawals
A connected Phantom or other self-custody wallet remains under the user’s control. MultiX does not possess the seed phrase or private key. Anyone with those credentials may control the assets, and lost credentials may be unrecoverable. Users are responsible for the correct address, token mint and network. Sending an unsupported token or using the wrong network can cause permanent loss.
A wallet balance is not automatically trading collateral. Each execution venue or protocol determines whether an asset must be approved, deposited, bridged or transferred before it can be used.
9. Governing law — Panama
Subject to any mandatory law that applies to a user or transaction, these Terms and any dispute arising from them are governed by the laws of the Republic of Panama, without regard to conflict-of-law principles. The United Nations Convention on Contracts for the International Sale of Goods does not apply.
This clause does not waive non-waivable rights or override regulatory, consumer-protection or financial-services laws that apply because of a user’s location, the nature of an instrument, or where a service is offered. The dispute forum, arbitration language, contracting entity, notices and service address must be completed by Panama counsel before publication.