BitBots Terms & Conditions

These Terms and Conditions apply specifically to the BitBots algorithmic trading platform. For our general terms, please see our General Terms & Conditions.

1. Acceptance of Terms

By registering for, accessing, or using BitBots, you agree to be bound by these Terms and Conditions, our Privacy Policy, and all applicable laws and regulations governing securities trading in India.

2. Eligibility and Account Registration

2.1 Eligibility Requirements

To use BitBots, you must:

• Be at least 18 years of age
• Be a resident of India
• Have a valid PAN (Permanent Account Number)
• Complete KYC (Know Your Customer) verification
• Have an active trading and demat account with a registered broker
• Have sufficient knowledge of stock market trading

2.2 KYC Compliance

You must provide accurate KYC information including PAN, Aadhaar, bank details, and identity documents as required by SEBI regulations.

3. Service Description

BitBots provides:

• Algorithmic Trading Platform: Tools to create, backtest, and deploy trading strategies
• Market Data: Real-time and historical data from NSE and BSE
• Broker Integration: API connectivity with registered brokers
• Risk Management: Stop-loss, position sizing, and risk monitoring tools
• Analytics: Performance tracking and reporting

BitBots is a technology platform only. We are not a stock broker, investment advisor, or portfolio manager.

4. Broker Integration

4.1 Broker Account Required

You must have an active account with a SEBI-registered broker (such as Zerodha, Upstox, Angel One, etc.) to execute trades through BitBots.

4.2 API Authorization

By connecting your broker account, you authorize BitBots to:

• Place buy and sell orders on your behalf
• Access your portfolio and holdings
• Retrieve transaction history
• Monitor positions and margins

4.3 Broker Relationship

Your relationship with your broker is governed by their terms. BitBots is not responsible for broker fees, policies, or service issues.

5. Trading Risks and Disclaimers

5.1 Market Risks

You acknowledge that:

• Stock market trading involves substantial risk of loss
• Market conditions can change rapidly and unpredictably
• Past performance does not guarantee future results
• You may lose your entire investment or more
• Leverage and derivatives amplify both gains and losses

5.2 Algorithmic Trading Risks

Algorithmic trading carries additional risks:

• System Failures: Technical issues may prevent order execution
• Strategy Failures: Algorithms may not perform as backtested
• Market Impact: Large orders may move prices against you
• Latency: Delays in data or execution may affect results
• Over-optimization: Backtested strategies may not work in live markets

5.3 No Investment Advice

BitBots does not provide investment advice, recommendations, or portfolio management services. All trading decisions are your own responsibility.

6. User Responsibilities

You are responsible for:

• Strategy Development: Creating and testing your own trading strategies
• Risk Management: Setting appropriate stop-losses and position sizes
• Monitoring: Actively monitoring your positions and account
• Margin Requirements: Maintaining sufficient margin in your broker account
• Tax Compliance: Reporting and paying taxes on trading profits
• Regulatory Compliance: Following all SEBI rules and regulations

7. Platform Usage Rules

You agree NOT to:

• Engage in market manipulation or insider trading
• Use the platform for illegal activities
• Attempt to circumvent risk controls or position limits
• Share your account credentials with others
• Reverse engineer or copy our algorithms
• Overload our systems with excessive API calls
• Use the platform to harm other users or the market

8. Fees and Charges

8.1 Platform Fees

BitBots charges subscription fees as displayed on our website. Fees are subject to change with 30 days notice.

8.2 Broker Charges

You are responsible for all broker charges including:

• Brokerage fees per trade
• Exchange transaction charges
• GST and other taxes
• SEBI turnover fees
• Stamp duty

8.3 Market Data Fees

Real-time market data may incur additional charges from exchanges or data vendors.

9. System Availability and Performance

9.1 Uptime

We strive for 99.9% uptime during market hours but do not guarantee uninterrupted service.

9.2 Maintenance

We may perform maintenance during non-market hours. Emergency maintenance may occur during market hours with minimal notice.

9.3 No Performance Guarantee

We do not guarantee:

• Order execution speed or price
• Strategy performance or profitability
• Market data accuracy or timeliness
• System availability during critical market events

10. Limitation of Liability

To the maximum extent permitted by law, BitBots and UnoHive Technologies shall not be liable for:

• Trading Losses: Any losses from your trading activities
• System Failures: Losses due to platform downtime or errors
• Data Errors: Incorrect or delayed market data
• Broker Issues: Problems with broker APIs or services
• Market Events: Losses from market crashes, circuit breakers, or volatility
• Strategy Failures: Underperformance of algorithmic strategies
• Consequential Damages: Lost profits, business interruption, or other indirect losses

Our total liability is limited to the fees you paid in the past 12 months.

11. Indemnification

You agree to indemnify BitBots and UnoHive Technologies from any claims, losses, or damages arising from:

• Your trading activities and losses
• Your violation of these terms
• Your violation of securities laws or regulations
• Unauthorized use of your account

12. SEBI Compliance

You agree to comply with:

• SEBI (Stock Brokers and Sub-Brokers) Regulations
• SEBI (Prohibition of Insider Trading) Regulations
• SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations
• Prevention of Money Laundering Act (PMLA)
• All applicable exchange rules and regulations

13. Data and Intellectual Property

13.1 Your Strategies

You retain ownership of your trading strategies. We do not claim rights to your algorithms or strategies.

13.2 Platform IP

BitBots platform, including all software, algorithms, and documentation, is owned by UnoHive Technologies and protected by intellectual property laws.

13.3 Market Data

Market data is licensed from exchanges and vendors. You may not redistribute or use it outside the platform.

14. Account Suspension and Termination

14.1 By You

You may close your account anytime. Ensure all positions are closed before account closure.

14.2 By Us

We may suspend or terminate your account if you:

• Violate these terms or applicable laws
• Engage in fraudulent or manipulative activities
• Fail to maintain KYC compliance
• Pose a risk to the platform or other users
• Fail to pay subscription fees

15. Dispute Resolution

Any disputes shall be resolved through:

• Negotiation: Good faith discussions between parties
• Arbitration: Binding arbitration in Bhubaneswar, Odisha
• Jurisdiction: Courts in Bhubaneswar, Odisha, India

16. Governing Law

These terms are governed by the laws of India, including SEBI regulations and securities laws.

17. Changes to Terms

We may update these terms to reflect regulatory changes or new features. Material changes will be communicated 30 days in advance.

18. Contact and Support

For questions or support:

• Email: vivecpatel@gmail.com
• Phone: +91 700 8299 707
• Website: bitbots.in