Risk Warning
Working draft. It must be reviewed by a lawyer before it is opened to the public.
BackIQ is a study tool
BackIQ lets you test strategies on historical data. It is not a broker, it does not recommend buying or selling any asset, it is not investment consulting or advice, and no information or result shown is a promise or guarantee of profit.
Backtest results are hypothetical
- Past performance does not guarantee future performance.
- Simulations do not fully reflect real trading: variable spread, slippage, liquidity, partial fills, fees, taxes, platform failures and the emotional factor can make the real result worse.
- Tuning a strategy until it looks good on the past (overfitting) usually produces misleading results. Test it on different periods and assets.
- Historical data may contain errors, gaps or differences from your broker.
Trading in the markets involves risk
Foreign exchange (forex) markets, contracts for difference (CFDs), metals, indices and crypto assets are volatile and leveraged. You can lose part or all of the capital invested and, in some products, more than you invested. Trade only with money you can afford to lose and, if in doubt, consult a licensed and regulated professional.
Your responsibility
Any investment decision is yours and made at your own risk. BackIQ and those responsible for it are not liable for losses arising from the use of the information, results or simulations of the service.