Risk Disclosure

1. Leverage

The perpetual futures and other products available through prop firms are leveraged. A small price move can cause a large gain or loss relative to your account, and positions can be liquidated or closed by the venue quickly. Crypto and other markets can move sharply, gap, or become illiquid, and stop-loss orders may fill well away from their price or not at all.

Fanout multiplies your exposure: one ticket sent to ten accounts is ten leveraged positions moving together.

2. Simulated and funded accounts

Many prop-firm accounts, including evaluation accounts and some “funded” accounts, are simulated: the balances aren’t money you can withdraw, and payouts depend entirely on the firm’s rules and discretion. Vest, for example, describes all of its Capital accounts as simulated.

Even when the balance is simulated, real money is at stake: the evaluation and account fees you pay, and payouts you might lose. Results in simulated accounts may not reflect what would happen in a live market, and past or simulated results don’t predict future results.

3. Losing prop-firm accounts

• Breaking a drawdown, daily-loss or other rule usually fails or closes the account, and a single trade sent to many accounts can break the rule on all of them at once.
• Firms may restrict or forbid copied, automated or same-direction trading across accounts, or use of third-party software, and may close accounts or deny payouts at their discretion. Read each firm’s terms yourself.
• The drawdown and daily-loss room Fanout shows comes from data that can be delayed, incomplete or calculated differently from the firm. Fanout warns you but never blocks an order or skips an account; the decision, and the result, are yours.

4. Copy and fan-out execution risk

Fanout doesn’t place one order and copy it. It sends a separate order to each account you switch on, and each one can turn out differently:

• Mixed results. A copy can fail on some accounts and fill on others, for example because of a margin rejection, a venue error, an expired session or a dropped connection. You can end up with positions on only some accounts.
• Different prices and sizes. Orders reach venues at slightly different times and fill at different prices. Sizes are rounded to each venue’s lot size and each account’s settings, and different venues (such as Vest and Breakout) quote different prices for the same market.
• Partial fills and delays. Orders can fill only in part, lag, or sit unfilled.
• Uncertain outcomes. If a connection drops mid-order, Fanout may not know whether the order went through. It never resends automatically and holds that account until you check it, so you must reconcile it at the venue.
• Your machine. Orders and held stop entries run from your own browser or PC. If it’s off, asleep, offline or signed out of the venue, nothing is sent and held stops don’t trigger.
• Outages and changes. Fanout, your internet connection, or a venue can go down, and a venue can change its systems in ways that break Fanout without warning.

Always check every account at the venue after you trade, and be ready to manage positions there directly.

5. No performance guarantees

Fanout doesn’t promise that you will pass an evaluation, get funded, receive payouts or make money. Figures, charts and dashboards on our website are sample data for illustration, not real or typical results. Nothing from Fanout is a recommendation to trade.

6. Your responsibility

You choose what to trade, how much, on which accounts and when. Only trade with money you can afford to lose, including evaluation fees. By using Fanout you accept these risks, as set out in our Terms of Service. Questions: support@fanout.trade.