Legal

License Agreement

Last Updated: June 2025

This End-User License Agreement (“EULA” or “Agreement”) is a legal contract between you (“Licensee”) and Forex Trading Tools (“Licensor”, “we”, “us”), operated by Carlos, domiciled in Portugal, EU. By downloading, installing, or using any product purchased from forextradingtools.eu, you agree to be bound by the terms of this Agreement.

1. Grant of License

Subject to your compliance with this Agreement and payment of the applicable purchase price, Forex Trading Tools grants you one (1) non-exclusive, non-transferable, revocable license to install and use the purchased software product (“the Software”) on up to two (2) MetaTrader accounts — typically one live trading account and one demo account — for your personal or professional trading use. Each separate purchase grants one such license; you must purchase an additional license for each additional user or independent usage context beyond the scope described herein.

2. Permitted Uses

Under this license you are permitted to:

  • (a) Install and run the Software on your own MetaTrader 4 or MetaTrader 5 terminal on any device you personally own or control.
  • (b)Use the Software on a funded proprietary trading firm (“prop-firm”) account that you personally operate and trade under your own name or entity.
  • (c) Use the Software on demo accounts for testing, evaluation, and strategy development purposes.
  • (d) Make a backup copy of the Software files solely for archival purposes.

3. Prohibited Uses

You may not, under any circumstances:

  • (a) Redistribute, resell, rent, lease, sublicense, lend, or share the Software or its files with any third party.
  • (b) Reverse engineer, decompile, disassemble, or otherwise attempt to derive or access the source code of the Software.
  • (c) Create derivative works based on the Software for distribution or sale.
  • (d) Bypass, circumvent, disable, or tamper with any license protection, activation mechanism, or technical restriction embedded in the Software.
  • (e) Use the Software on accounts managed on behalf of third-party clients without obtaining a separate license for each such client (see Section 4).
  • (f) Use the Software in any automated trading service, signal service, copy-trading service, or fund management operation offered to external investors without a separate commercial license.
  • (g) Remove, alter, or obscure any proprietary notices, copyright notices, or watermarks in the Software.

4. Prop-Firm and Multi-Account UsageImportant

A standard single license covers your own prop-firm challenge account(s) and funded accounts that you personally trade. If you are managing accounts on behalf of multiple different clients — for example, operating as a fund manager or account management service — you require one separate license per client. Please contact us at legal@forextradingtools.eu to discuss volume pricing for multi-account or institutional use cases.

5. Updates and Version Access

Your license includes free access to all minor version updates — including bug fixes, MT5 compatibility patches, broker compatibility updates, and performance improvements — released within 12 months of your original purchase date. Updates are delivered via the same download mechanism used for the original purchase. Major version upgrades, which may introduce significant new features, re-architectured logic, or support for new platforms, may be offered to existing license holders at a discounted upgrade price rather than the full retail price.

6. Support

Your license includes direct email and Telegram support from the developer for 12 months from your purchase date. Support covers installation assistance, configuration guidance, and bug reports. Support does not include general trading education, strategy development, or bespoke feature development. After 12 months, community support via our Telegram channel remains available.

7. Intellectual Property and Ownership

All intellectual property rights in and to the Software — including but not limited to the compiled code, algorithms, logic, design, documentation, and branding — remain exclusively with Forex Trading Tools and its licensor(s). This Agreement grants you a limited usage right only. You acquire no ownership interest in the Software by virtue of this license or the payment of any license fee. All rights not expressly granted herein are reserved.

8. Termination

This license is effective until terminated. It will terminate automatically and immediately, without notice from us, if you breach any provision of this Agreement. Upon termination — for any reason — you must immediately cease all use of the Software and permanently delete all copies in your possession or control, including backup copies. Sections 7 (Intellectual Property), 9 (Disclaimer of Warranties), 10 (Limitation of Liability), and 11 (Governing Law) survive termination.

9. Disclaimer of Warranties

THE SOFTWARE IS PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, FOREX TRADING TOOLS EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO: IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE SOFTWARE WILL MEET YOUR SPECIFIC TRADING REQUIREMENTS, OPERATE WITHOUT INTERRUPTION OR ERROR, PRODUCE PROFITABLE RESULTS, OR THAT ANY DEFECTS WILL BE CORRECTED. TRADING FOREIGN EXCHANGE AND DERIVATIVES INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS.

10. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL FOREX TRADING TOOLS, ITS OWNER, OR CONTRIBUTORS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, TRADING LOSSES, LOSS OF DATA, OR BUSINESS INTERRUPTION, ARISING OUT OF OR RELATED TO YOUR USE OF OR INABILITY TO USE THE SOFTWARE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT SHALL OUR TOTAL CUMULATIVE LIABILITY EXCEED THE AMOUNT YOU PAID FOR THE LICENSE IN THE TWELVE (12) MONTHS PRECEDING THE CLAIM.

11. Governing Law and Jurisdiction

This Agreement shall be governed by and construed in accordance with the laws of Portugal and applicable European Union regulations, without regard to conflict of law principles. Any dispute arising under or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of Portugal, unless mandatory consumer protection laws in your country of residence provide otherwise. If you are an EU consumer, you may also use the EU Online Dispute Resolution platform at ec.europa.eu/consumers/odr.

12. Entire Agreement

This Agreement, together with any product-specific addenda provided at purchase, constitutes the entire agreement between you and Forex Trading Tools with respect to the Software and supersedes all prior or contemporaneous understandings, agreements, representations, and warranties. If any provision of this Agreement is held unenforceable, the remaining provisions will continue in full force and effect. Our failure to enforce any right or provision shall not be deemed a waiver of such right or provision.

13. Contact

If you have questions about this License Agreement, please contact: legal@forextradingtools.eu