Terms of Service

1. What Bear is Fair is (and is not)

• Educational software service. Bear is Fair is an educational software platform classified as digital content within the meaning of the EU Digital Content Directive (2019/770). It provides automated analytical tools, algorithmically generated signals, market data visualisations, and indicators strictly for educational and informational purposes.
• Automated software outputs. The trading signals on this platform are generated entirely by automated software algorithms that apply academically derived statistical models to publicly available market data. No human being at Bear is Fair selects, reviews, approves, or personalises any signal. The signals are the output of software computation — equivalent to a spreadsheet formula or statistical calculator — and are shared for educational purposes only.
• Not financial advice. We are a software provider, not a broker, exchange, or investment adviser. The Platform provides automated software outputs, not personalised financial advice, and therefore does not require authorisation by any financial regulatory authority including the Danish Financial Supervisory Authority (Finanstilsynet). Nothing on the Platform is a personal recommendation to buy or sell any financial instrument.
• High risk. Trading financial instruments (including futures, options, CFDs, and equities) involves substantial risk of loss and is not suitable for all persons. You may lose more than your initial investment. Only trade with capital you can afford to lose entirely.
• Minimum age. You must be at least 18 years of age to use this Platform.

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2. Accounts & eligibility

• You must provide a valid email and keep your account information accurate.
• You are responsible for activity under your account and for keeping your password secure.
• One account = one individual. Login sharing is prohibited.

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3. Subscriptions, pricing & renewals

• Subscription required: unless you are an Admin/Moderator or otherwise granted access, a paid subscription is required to use protected areas.
• Free trial: new users may be eligible for a free trial period with no credit card required. Trial access is limited to one per user.
• Pricing tiers: the Platform offers two subscription tiers: Signal Subscriber ($14.99/month, annual $152.90/year) and Day Trader ($24.99/month, annual $254.90/year). Annual billing includes a 15% discount. If we increase prices, you will be notified by email at least 30 days before your next renewal date. If you do not agree with the new price, you may cancel before the new price takes effect.
• Signal Subscriber features: Daily timeframe signals, signal history and track record, Market Pulse, Economic Calendar, research charts with S/R detection, education library, and Trade Journal.
• Day Trader features: everything in Signal Subscriber, plus 4-Hour timeframe signals, enhanced statistics (volatility, seasonality, relative strength, signal checklist), institutional ownership data, COT positioning data, and sector performance heatmap.
• Auto-renewal: subscriptions renew automatically at the end of each billing period (monthly or annually) at the then-current price unless you cancel before the renewal date. You can cancel at any time from your account settings. Cancellation takes effect at the end of the current billing period — you keep access until then.
• Billing period lock: subscriptions are locked for 31 days until the next payment date. After the 14-day withdrawal period (first subscription only), no mid-cycle refunds are issued. Access continues until the billing period ends even after cancellation.
• Access on non-payment: if payment fails or becomes past-due, access may be restricted until resolved.
• Subscription refunds: for your first subscription, if you cancel within 14 days you are entitled to a full refund under the EU Consumer Rights Directive (2011/83/EU, Art. 9). After the 14-day withdrawal period (first subscription only), no mid-cycle refunds are issued but you retain access until the current billing period ends.
• VAT: all displayed prices are exclusive of VAT. Applicable VAT/moms is added at checkout based on your country of residence (25% for Denmark).

3a. Lifetime licence

• Price: $1,500 USD (one-time) for the first 1,000 licence holders. After 1,000 licences have been sold, the price increases to $2,500 USD for new buyers.
• What is included: the lifetime licence includes (a) the proprietary indicator software with lifetime updates, (b) lifetime access to all trading signals on all timeframes including maintenance, (c) the Orderflow Trading Course (when available), and (d) all Day Trader tier features permanently.
• Founder supporter programme: the first 1,000 lifetime licence holders are recognised as founding supporters of Bear is Fair. As founding supporters, they will receive free access to all new features, tools, and content developed after their purchase, in addition to all benefits listed above, for as long as Bear is Fair operates. This is our commitment to the community that supported the company's growth from the beginning.
• Personal licence: the licence is personal, non-transferable, and non-exclusive. It is bound to a single user account and may not be shared, resold, sublicensed, or transferred to any other person or entity.
• Prohibited activities: you may not redistribute, copy, decompile, reverse-engineer, disassemble, create derivative works from, or attempt to extract the source code of the indicator software.
• Licence revocation: material violation of these licence terms (including redistribution, reverse-engineering, or sharing access credentials) may result in revocation of the licence. For minor or inadvertent violations, we will issue a written warning and a reasonable opportunity to remedy the breach before revoking. In cases of deliberate redistribution or commercial misuse, revocation may be immediate. Refund eligibility for revoked licences will be assessed on a case-by-case basis in accordance with applicable consumer protection law (including Aftaleloven section 36 and EU Directive 93/13/EEC). We actively monitor licence usage to detect redistribution and abuse. Upon revocation, you must delete all copies of the indicator software from your devices.
• Machine binding: the licence key is bound to a limited number of installations as specified on the indicator product page. Activating the licence on additional machines beyond the permitted limit will automatically disable the licence on previous installations.
• Intellectual property: the indicator software, including all algorithms, statistical models, compiled code, and documentation, is the proprietary intellectual property of Bear is Fair and is protected by Danish and EU copyright law, trade secret law, and the EU Trade Secrets Directive (2016/943). All rights not expressly granted are reserved.
• Discontinuation clause: the lifetime licence product may be discontinued for new buyers at any time at the sole discretion of Bear is Fair. However, existing lifetime licence holders retain their access, signal delivery, indicator updates, and all benefits specified at the time of their purchase, permanently. Original terms are honoured for existing lifetime holders regardless of any future changes to pricing, features, or product availability for new buyers.
• Grandfathering: if the terms of the lifetime licence are modified after your purchase, the terms in effect at the time of your purchase will continue to apply to you. Existing lifetime holders are grandfathered into their original terms.
• Withdrawal right waiver: by purchasing the lifetime licence and consenting to immediate delivery of the digital content, you waive your 14-day right of withdrawal under EU Directive 2011/83/EU, Article 16(m). This waiver takes effect once the download becomes available.
• No withdrawal refunds: due to the digital nature of the product and the withdrawal right waiver above, lifetime licence purchases are not subject to the 14-day withdrawal right. However, this does not affect your statutory rights regarding non-conforming digital content under EU Directive 2019/770.
• Software warranty: the indicator is an educational research tool, not a trading system or financial advisor. You retain all mandatory consumer rights regarding digital content conformity under applicable law, including EU Directive 2019/770. We will provide updates necessary to maintain conformity for a minimum of two (2) years from delivery. Beyond the statutory conformity requirements, the indicator is provided without additional warranties of merchantability, fitness for a particular purpose, or guaranteed accuracy. See the Disclaimer for full details.

3b. Founding member pricing

• Eligibility: users who subscribe to an annual plan before December 31, 2026 receive Founding Member status.
• Price protection: Founding Member renewal prices will not increase beyond the EU Harmonised Index of Consumer Prices (HICP) annual rate.
• Price reductions: if Bear is Fair reduces prices for new subscribers, Founding Members automatically receive the lower rate.
• Continuous subscription required: Founding Member status requires continuous annual subscription. If canceled and re-subscribed, standard pricing applies.

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4. Community rules

You agree not to do any of the following:

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5. Enforcement & right to revoke access

We reserve the right to suspend, restrict, or terminate accounts that violate these Terms or abuse the Platform. This includes (without limitation) account sharing, harassment, fraud, or security abuse.

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6. Referral program

• Eligibility: any registered user with an active paid subscription may generate a personal referral link to share with others.
• Reward: when a referred user subscribes to any paid plan, the referrer receives up to 31 days of free subscription time, credited automatically.
• Conditions:
  • The referred user must be a new registration — existing users are not eligible.
  • The referred user must complete a paid subscription. A free trial alone does not qualify.
  • Self-referral is prohibited. You may not use your own referral link to create another account.
  • The reward is applied once per referred user. Multiple subscriptions by the same referred user do not generate additional rewards.
  • A referrer may earn a maximum of 12 referral rewards per calendar year.
• Restrictions: referral links may not be distributed via spam, unsolicited bulk messaging, paid advertising, or misleading claims about the Platform. Bear is Fair reserves the right to revoke referral rewards and suspend referral privileges if abuse or manipulation is detected.
• Changes: Bear is Fair may modify or terminate the referral program at any time. If material changes are made, registered users will be notified at least 30 days in advance. Rewards already earned before termination will be honoured.

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7. User content

Strategies, playbooks, signals & posts

• You keep ownership of content you create, but you grant the Platform a license to host, display, and distribute it inside the service.
• Admins/Moderators may remove content that is inappropriate, abusive, misleading, or violates rules.
• Signals, strategies, and posts can be wrong. Treat them as educational ideas, not advice.

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8. Data & privacy

Please read our Privacy Policy for details about how we process personal data.

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9. Disclaimers & limitation of liability

• The Platform is provided for educational purposes. We do not guarantee accuracy of market data, uptime, or profitability of any software output.
• To the maximum extent permitted by law, we are not liable for trading losses, missed opportunities, or indirect damages.
• Nothing in these terms excludes or limits liability for fraud, gross negligence, or any other liability that cannot be excluded under applicable mandatory law. You retain all statutory rights regarding digital content conformity under EU Directive 2019/770.

For full details, see our Disclaimer.

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10. Governing law

This platform is operated from the European Union. These Terms are governed by the laws of Denmark. Any disputes shall be resolved in the courts of Copenhagen, Denmark, unless mandatory consumer protection rules in your jurisdiction provide otherwise.

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11. Complaints & dispute resolution

• Contact us first: if you have a complaint, email bearisfairmarkets@gmail.com. We aim to respond within 14 days.
• Danish Consumer Complaints Board: if you are not satisfied with our response, you may file a complaint with the Center for Klagelosning, Naevnenes Hus, Toldboden 2, 8800 Viborg, Denmark (naevneneshus.dk).
• EU Online Dispute Resolution: the European Commission provides an online dispute resolution platform at ec.europa.eu/consumers/odr.

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12. Contact

Questions about these terms? Contact bearisfairmarkets@gmail.com.