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Risk Disclosure & Disclaimer

Last updated · 29 September 2026

This Risk Disclosure & Disclaimer forms part of our Terms of Use, and prevails on the topics it covers. Please read it carefully before you trade.

Investments in the securities market are subject to market risks. Read all related documents carefully before investing.

1. Regulatory status

  • Who we are. FlashTerminal is operated by THINKCREATIVE TECHNOLOGIES (OPC) PRIVATE LIMITED. It is a software and information platform.
  • Not registered or regulated. FlashTerminal is not registered with SEBI in any capacity, and it is not regulated by the Reserve Bank of India. It is not:
    • an investment adviser or research analyst;
    • a stockbroker or authorised person;
    • a portfolio manager, depository participant or mutual fund distributor;
    • a stock exchange.
  • No algo empanelment, no crypto services. FlashTerminal is not empanelled with any stock exchange as an algorithmic trading provider. It does not itself exchange, hold or safekeep crypto assets.
  • No endorsement. No regulator, exchange or Broker has approved or endorsed FlashTerminal.
  • No advice. FlashTerminal does not provide investment advice, research reports, recommendations, tips, calls or targets, and it does not manage money.
  • Your Broker is separate. Brokers you connect are separate businesses, with their own regulators, terms and risk disclosures. Read your Broker’s risk disclosure documents before you trade.
  • Names and logos. Broker, exchange and data-provider names and logos belong to their owners. Showing them, or connecting to them, does not mean they endorse, partner with or are responsible for FlashTerminal.
  • Beware of false claims. If anyone offers you advice or promises returns “from FlashTerminal”, including someone who promotes us, it is not from us. Please report it to connect@flashterminal.com.

2. Nothing here is advice

  • Information only. Content, charts, screeners, research tiles, AI answers, summaries and “what-if” views are general information. They do not take into account your objectives, finances or risk tolerance.
  • Available is not suitable. That an instrument is shown, supported or available to trade does not mean it is suitable for you.
  • Historical levels are not guidance. Where a tile describes a historical level or range, it describes the past, not what you should do.
  • The decision is yours. You alone decide whether to trade. For personalised advice, consult a SEBI-registered investment adviser.

3. Market risk

  • You can lose everything. Trading and investing in securities, derivatives, commodities, currencies and crypto assets carries a risk of loss, including loss of your entire capital.
  • The past is no guide. Past performance, back-tests and historical data do not indicate future results.
  • Prices can move against you. Liquidity, spreads and prices can change sharply, and orders may be executed at worse prices than expected, or not at all.

4. Derivatives and leverage

  • Losses can exceed your margin. Futures, options and other leveraged products amplify both gains and losses.
  • Most individual traders lose. SEBI’s study of individual traders in equity futures and options, for FY2022 to FY2024, found that about 93% made net losses. Their losses averaged about ₹2 lakh per trader over the three years, including transaction costs. Trade derivatives only if you understand them and can afford to lose.
  • Your Broker can close positions. Brokers may change margins, or close positions without notice, when your margin is insufficient.
  • Costs add up. Charges, taxes and funding costs reduce returns.

5. Specific instrument and market risks

  • Selling (writing) options. Losses can be far greater than the premium you receive, and in theory unlimited. Margin requirements can rise sharply in volatile markets.
  • Gap risk. Prices can open far from the previous close after news, results, holidays or global events. Stop-loss orders do not guarantee an exit price, and may not execute at all.
  • Margin shortfall and penalties. If your margin falls short, including under exchange peak-margin rules, your Broker may charge penalties, block new orders or close your positions without asking you.
  • Physical settlement. Stock futures and in-the-money stock options held to expiry are settled by delivery. You may have to pay the full contract value or deliver the shares, and your Broker may close such positions before expiry.
  • Price bands and circuits. Daily price bands and market-wide circuit breakers can halt trading, and leave you unable to exit.
  • Illiquid instruments. SME-platform shares, low-volume shares and far out-of-the-money options can have wide spreads, large lots and too few buyers or sellers for you to exit.
  • Currency derivatives. Under RBI rules, exchange-traded currency derivatives involving the rupee may be used only to hedge an actual exposure, and your Broker may ask for proof.
  • Commodity derivatives. These can move sharply on global prices, weather and government policy, and some lead to delivery obligations.
  • Global markets. Global data is for information. Different time zones, holidays and exchange rates apply. Investing abroad is subject to RBI’s Liberalised Remittance Scheme and to tax rules.
  • Corporate actions. Splits, bonuses, dividends, mergers and rights issues change prices and contracts. Charts, P&L and history may not be adjusted, or may be adjusted late.
  • Market hours and holidays. Orders placed outside market hours may be rejected, queued, or executed at the next opening price.

6. Crypto assets

Crypto products are unregulated in India and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

  • Not regulated like securities. Crypto assets and crypto derivatives are not regulated by SEBI or the RBI. Indian virtual digital asset service providers must register with the Financial Intelligence Unit-India (FIU-IND) for anti-money-laundering purposes. That registration is not investor protection, and not approval of any product or exchange.
  • No investor protection. Exchange investor-protection funds, SEBI’s SCORES and exchange arbitration do not cover crypto. If a crypto exchange fails, is hacked or freezes withdrawals, you may lose everything you hold there.
  • Extreme volatility, around the clock. Crypto trades 24 hours a day, 7 days a week, including while you sleep. Prices can gap sharply.
  • Leverage and liquidation. Crypto futures and options can be liquidated automatically when margin falls short, sometimes at prices far from the last trade. Perpetual futures pay or charge funding at intervals. Exchanges may auto-deleverage positions, and change margin or contract rules at short notice.
  • Currency. Contracts may be priced or settled in US dollars or stablecoins, so exchange-rate movements add to gains or losses.
  • Tax. In India, income from transferring virtual digital assets is currently taxed at a flat 30% plus surcharge and cess. Losses cannot be set off against other income, and tax at 1% is deducted at source on many transfers. Derivatives may be treated differently, and tax law changes. Take advice from a tax professional; you are responsible for your own tax compliance.

7. Automation and order risk

  • Your orders are your instructions. Orders you confirm, and Automated Rules you set up (see section 7 of the Terms of Use), are your instructions to your Broker.

  • Automated Rules act without asking you again. A rule can place or exit orders repeatedly and quickly, including in fast or unusual markets and when you are away. A wrongly set rule can cause large losses, so monitor active rules and turn them off when you do not need them.

  • Automated Rules stop without warning. A rule stops when the app is closed, the device is offline, your Broker session expires, or we pause the feature. While it is stopped, it does not exit positions. Place protective orders directly with your Broker if you need them.

  • Software can fail. Software, networks and Broker interfaces can fail or lag. Orders may be delayed, duplicated, rejected or partly filled, so always confirm orders and positions with your Broker.

  • SEBI’s API framework applies. SEBI’s framework for retail algorithmic trading lets Brokers require that API orders:

    • come from a registered static IP address;
    • carry an exchange algo identifier;
    • stay below an order-rate limit.

    Brokers may reject, throttle or block orders that do not meet these rules. Check them with your Broker before you use API connections.

  • Sessions expire. Broker sessions and tokens expire, often daily. While a session is expired, the app cannot place, modify or exit orders, and Automated Rules stop.

  • Rate limits. Brokers and exchanges limit how often an app may request data or place orders. Near those limits, data may freeze, and orders may be delayed or refused.

  • Checks are aids only. Warnings, limits and checks reduce some errors. They cannot prevent every mistake or loss.

8. AI risk

  • AI can be wrong. AI answers can be wrong, incomplete, out of date or invented, even when they sound confident.
  • Reading and translating. AI may misread charts, documents or data. Answers in Hindi and other Indian languages can be less accurate than in English, and financial terms can be mistranslated. When a translation and the English source differ, rely on the source.
  • You confirm every AI order. When AI prepares an order, it is a draft, and it goes to your Broker only if you confirm it. One confirmation can approve a set of up to 20 actions shown to you together, so review every line.
  • Models change. We may change AI providers or models. The same question can get a different answer at different times.
  • Check first. Check anything important with the original source before acting on it.

9. Data risk

  • Market data may be wrong or late. It comes from your Broker, data vendors and public sources. Some of it is delayed (for example, some index data by about 15 minutes), estimated or incomplete. Where a tile’s data is delayed we aim to label it; if there is no label, do not assume it is real time.
  • Screeners, scans and alerts can lag. They run on data that may be delayed or sampled. A result can appear late, not at all, or after the condition has ended.
  • Back-tests and what-if views are hypothetical. They use historical or assumed data and simplified costs. They ignore slippage, liquidity, taxes and your own behaviour. They are not a forecast.
  • Third-party and automated data can mislead. News, sentiment, geopolitical, satellite, flight, shipping, conflict, sanctions and similar data come from third parties and automated processing. They can be wrong, incomplete, delayed or out of context. We do not verify them, and they must not be used for navigation, safety, security, legal or emergency decisions.
  • Your Broker’s figures are the reference. Your Broker’s own platform is the reference for executable prices, balances and positions.

10. Simulated trading

Paper trading and virtual portfolios use virtual money. They do not reflect real execution, costs, slippage, liquidity or emotions, and simulated results do not predict real results.

11. Your acknowledgement

By using FlashTerminal, you confirm that:

  • you understand these risks;
  • you are solely responsible for your trading decisions, Automated Rules, taxes and compliance;
  • to the extent the law allows, FlashTerminal is not liable for trading or investment losses, as our Terms of Use set out.

Nothing here limits your rights under the Consumer Protection Act, 2019.

Questions: connect@flashterminal.com.