Terms of use
Short version: RiskBrake is a tool that locks you out of your own trading when you break your own rules. It is free during the beta, it is not finished, and you use it at your own risk. The long version follows. Last updated: 4 August 2026.
- RiskBrake closes positions and can close your trading platform. That is what you are asking it to do. Set your limits accordingly and test on a demo account first.
- It is not investment advice. No signals, no recommendations, no promise of profit.
- It cannot guarantee that a lock always holds. Software on your own computer can be removed by someone determined enough, and platforms, brokers and operating systems change.
- Trading involves substantial risk of loss. RiskBrake reduces the damage caused by undisciplined trading. It does not make trading safe.
1. Who we are and what this is
Provider is the person named in the legal notice. RiskBrake consists of a website, a server, a Windows background program and a strategy for the ATAS trading platform. Together they enforce risk limits that you set yourself.
2. Your account
You need an account with a valid email address. You are responsible for keeping your password safe and for everything that happens under your account. One account is for one person. You must be of legal age in your country.
3. Beta phase
RiskBrake is currently free and in beta. That means: features change, bugs exist, and there may be interruptions. We may change or discontinue functions at any time. If we introduce paid plans, existing beta users will be informed beforehand and nothing becomes payable without a separate agreement.
4. What you agree to
You will not attempt to break the enforcement for other users, attack the service, use it to circumvent the rules of a broker or prop firm, resell it, or decompile and redistribute it. You may of course stop using it at any time through the removal function in your dashboard.
5. How the lock behaves
When one of your limits is reached, RiskBrake blocks new entries and closes positions that are opened anyway. Closing or reducing an existing position is never blocked. If you disable or remove the strategy while a lock is running, the guardian may close your trading platform after a short grace period and lock you for the rest of the day. A lock cannot be lifted early, not by us and not by you, unless you ask support and we consider it justified.
6. No warranty for uninterrupted operation
We do our best to keep the service running, but we do not warrant that it is available at all times, free of errors, or compatible with every version of your trading platform. There is no guarantee that a lock is technically unbreakable.
7. Liability
We are liable without limitation for damages caused intentionally or by gross negligence, for injury to life, body or health, and where liability is mandatory by law, in particular under the German Product Liability Act. In case of slight negligence we are only liable for breach of an essential contractual obligation, and only up to the foreseeable damage typical for this kind of contract. Any further liability is excluded.
In particular we are not liable for trading losses, missed profits, positions closed by the tool, a trading platform closed by the tool, or decisions you take because of what the dashboard shows. The software is provided free of charge during the beta, which is reflected in this allocation of risk.
8. Not financial services
RiskBrake gives no investment advice, no trading signals and no recommendations, and it does not execute trades on your behalf beyond closing positions according to your own rules. It is not a financial service under German or European supervisory law. You alone decide what you trade.
9. Termination
You can stop using RiskBrake at any time. For safety reasons removal is released the next morning and never while a lock is active, so that uninstalling cannot be used to escape your own rules. We may terminate accounts that abuse the service or attempt to harm it.
10. Changes and applicable law
We may change these terms. Substantial changes will be announced by email at least two weeks in advance. German law applies, excluding the UN Convention on Contracts for the International Sale of Goods. Mandatory consumer protection rules of your country of residence remain unaffected. If any provision is invalid, the rest stays in force.
See also Legal notice and Privacy policy.