Terms of Service
Algoagent Core — algoagent.in
Last Updated: July 25, 2026
These Terms of Service ("Terms") constitute a legally binding agreement between you ("you" or "User") and the operator of Algoagent Core ("we", "us", "our", or the "Company") governing your download, installation, and use of the Algoagent Core desktop application and all related software, documentation, and updates made available by us (collectively, the "Software"). These Terms describe the Software as shipped in release 1.0.0, which is a portfolio research tool with no order capability. The Software never places an order — that is a permanent design boundary, not a deferred feature.
Please read these Terms carefully before using the Software. By downloading, installing, accessing, or using the Software, you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree, do not install or use the Software and remove it from your device.
1. Acceptance of Terms
1.1. These Terms take effect when you download, install, or first use the Software, or when you otherwise indicate acceptance. Your continued use of the Software constitutes ongoing acceptance of these Terms as they may be amended from time to time under Section 16.
1.2. These Terms, together with any additional terms presented to you at the point of purchase or within the Software, constitute the entire agreement between you and the Company regarding the Software and supersede all prior or contemporaneous understandings, whether oral or written.
1.3. If any provision of these Terms is held to be unenforceable, that provision will be enforced to the maximum extent permitted and the remaining provisions will remain in full force and effect.
2. Description of Service
2.1. Software vendor, not a financial services provider. Algoagent Core is a local-first macOS desktop application that provides portfolio research: it syncs your holdings through read-only broker connections and produces structured research dossiers. The Company is a software vendor only. We are not a broker, broker-dealer, exchange, trading venue, custodian, investment adviser, portfolio manager, research analyst, or financial services provider of any kind.
2.2. No regulated status. The Company is not registered with the Securities and Exchange Board of India (SEBI) as an investment adviser or research analyst, is not a member of any stock exchange, is not registered with the Financial Intelligence Unit – India (FIU-IND), and does not hold any broker-dealer, money-transmitter, or virtual-asset service provider license. Nothing in these Terms or in the Software should be construed as implying any such status.
2.3. Local operation. The Software runs on your own Mac. Your data, your keys (LLM, read-only broker, and fundamentals keys), and your research remain on your device. We operate no cloud infrastructure that stores your trading data or credentials.
2.4. Keys (bring your own, read-only). The Software uses keys you supply: an LLM provider key for research, an optional fundamentals-data key, and optional read-only broker keys used solely to sync your holdings. Each key is stored locally on your Mac and used only to call the respective provider directly; none is ever transmitted to us. The Software never loads credentials capable of placing an order.
2.5. No order capability — ever. The Software has no order capability. It does not submit, stage, prefill, relay, modify, cancel, or execute any exchange order, and no adapter exposes an order method. All AI-generated analysis, scenarios, verdicts, and output are informational research only. You decide and act in your own exchange.
2.6. Scope. Research covers your synced holdings — Indian equities via Zerodha Kite and crypto via Coinbase and CoinDCX (all read-only) — plus manual CSV import, public market data, and sourced news.
2.7. Research dossiers. The Software runs a nine-stage research framework over each holding and produces structured dossiers — pros, cons, red flags, a computed valuation verdict, scenarios, and confidence. These are assessments for informational purposes, not advice.
2.8. Permanent boundaries. The following are not capabilities of the Software and are not roadmap: (a) order placement of any kind — the Software never submits, stages, or relays an order; (b) loading of order-capable credentials — broker keys are read-only; (c) autonomous or unattended trading of any kind. The Software researches; you decide and act in your own exchange. Your broker keys are stored locally and never transmitted to us.
2.9. The Company reserves the right to modify, suspend, or discontinue any feature of the Software at any time, with or without notice, subject to the terms of any paid license you hold.
3. Eligibility
3.1. You may use the Software only if you are a natural person or legal entity capable of forming a binding contract under applicable law. If you are an individual, you must be at least eighteen (18) years of age (or the age of majority in your jurisdiction, if greater).
3.2. The Software is intended for users who understand that it is a portfolio research tool, and who understand the mechanics and risks of trading generally (including any trading they conduct in their own exchange). By using the Software, you represent that you have sufficient knowledge and experience to evaluate research output and to use AI-assisted tooling responsibly.
3.3. You represent that you are not prohibited from using the Software under any applicable law, regulation, order, or sanction, and that your use of the Software complies with the laws of your jurisdiction.
4. License Grant
4.1. Grant. Subject to your compliance with these Terms and payment of any applicable fees, the Company grants you a limited, personal, non-exclusive, non-transferable, non-sublicensable, revocable license to install and use the Software on macOS devices that you own or control, solely for your own internal use.
4.2. Restrictions. You may not, and may not permit any third party to: (a) copy, modify, or create derivative works of the Software, except as expressly permitted; (b) reverse engineer, decompile, or disassemble the Software, except to the extent prohibited by applicable law; (c) rent, lease, lend, sell, redistribute, or sublicense the Software; (d) remove or alter any proprietary notices; (e) use the Software to build a competing product; or (f) use the Software in violation of any applicable law or these Terms.
4.3. Ownership. The Software is licensed, not sold. The Company and its licensors retain all right, title, and interest in and to the Software.
5. Keys & User Responsibilities
5.1. Keys you provide. The Software may hold the keys you supply: an LLM research key, an optional fundamentals-data key, and optional read-only broker keys. You are solely responsible for obtaining, configuring, safeguarding, and managing them, and for the security of your device. You accept all risk and consequences of their loss, theft, or misuse.
5.2. Broker keys are read-only. The broker keys the Software accepts are read-only and used solely to sync your holdings. You are solely responsible for those keys' permissions and security (including using read-only scopes, disabling withdrawals, and IP allow-lists where available). We never custody them.
5.3. No custody or access. We do not hold, custody, control, or have access to your funds, keys, or credentials at any time.
5.4. Third-party terms. Your use of any LLM provider, fundamentals-data provider, broker, exchange, or data feed through the Software is governed solely by your agreement with that third party. We are not a party to, and are not responsible for, any such third-party agreement or service.
5.5. Accuracy of configuration. You are responsible for the correctness of your configuration and any parameters you set.
5.6. Compliance. You are solely responsible for your own regulatory compliance, including any registration, licensing, reporting, KYC, AML, and tax obligations arising from any trading activity you conduct in your own exchange.
6. No Investment Advice / No Fiduciary Relationship
6.1. No advice. Nothing provided by, through, or in connection with the Software — including any AI-generated analysis, scenario, recommendation, commentary, backtest, or output — constitutes investment, financial, legal, tax, or trading advice, or a recommendation or solicitation to buy, sell, or hold any instrument.
6.2. Independent decision-making. All information and outputs are provided for informational and tooling purposes only. You are solely responsible for your own decisions and must independently evaluate the merits and risks of any transaction before executing it (any execution happens outside the Software, in your own exchange).
6.3. No fiduciary duty. No fiduciary, advisory, agency, partnership, or similar relationship is created between you and the Company by your use of the Software. We owe you no fiduciary duty.
7. Trading Risk Acknowledgment
7.1. Substantial risk of loss. Trading in securities, cryptocurrencies, derivatives, and other financial instruments involves a substantial risk of loss and is not suitable for every investor. Prices are volatile, markets can move rapidly against you, and you may lose some or all of the funds you trade. Leveraged trading can magnify losses beyond your initial capital. These risks apply to any trading you conduct in your own exchange.
7.2. You accept all trading risk. You acknowledge and agree that any trading you conduct is entirely at your own risk and discretion. The Company is not responsible for any trading losses, whether arising from market movement, software behavior, connectivity issues, your configuration, your decisions, or any other cause.
7.3. Automation and AI risk. Algorithmic and AI-assisted analysis carries risks, including model or data errors, hallucination, stale or incomplete data, overfitting, and behavior that differs from expected results. These apply to the Software's research outputs. Because the Software places no orders, there is no order-automation risk from the Software itself. Past performance is not indicative of future results.
7.4. No orders, ever. The Software places no orders, so there is no execution risk from the Software itself. Any order you place in your own exchange is your own decision, made on your own responsibility.
7.5. No guarantee. We make no representation or warranty regarding the accuracy, completeness, timeliness, or reliability of any data, output, or result produced by the Software, and we do not guarantee any profit or trading outcome.
8. Research Output Disclaimer
8.1. Informational only. Research dossiers, verdicts, scenarios, scores, and confidence levels are informational assessments for educational and evaluation purposes only. They are not advice and not a guarantee of any outcome.
8.2. Not indicative of results. A research verdict or scenario does not predict or guarantee actual market performance, which may differ materially due to factors the Software does not capture.
9. Fees & Payment
9.1. Fees. Certain features, editions, or licenses of the Software may be offered for a fee. All fees and payment terms will be disclosed at the point of purchase.
9.2. Third-party costs. You are solely responsible for all costs charged by third parties in connection with your use of the Software, including LLM provider usage fees, fundamentals-data subscriptions, and, for any trading you conduct in your own exchange, broker or exchange commissions and internet or hardware costs.
9.3. Refunds. Unless otherwise required by applicable law or stated at the point of sale, fees are non-refundable.
10. Intellectual Property
10.1. Company IP. The Software and all intellectual property rights therein are and remain the exclusive property of the Company and its licensors.
10.2. Your content. You retain all rights to your own strategies, configurations, data, and content created or input using the Software. Because the Software operates locally, your content remains on your device.
10.3. Trademarks. The Algoagent name, logo, and related marks are trademarks of the Company.
11. User Conduct / Prohibited Uses
11.1. You agree not to use the Software: (a) in violation of any applicable law or third-party right; (b) to engage in market manipulation, fraud, insider trading, spoofing, or wash trading; (c) to trade where prohibited or where you lack authorization; (d) to circumvent any security, licensing, or access-control feature; (e) to introduce malware or harmful code; or (f) to resell or redistribute the Software in violation of Section 4.
12. Disclaimers & Limitation of Liability
12.1. "AS IS" DISCLAIMER. THE SOFTWARE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT WARRANTIES OF ANY KIND. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE COMPANY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, AND ACCURACY.
12.2. No warranty of results. WE DO NOT WARRANT THAT THE SOFTWARE WILL BE ERROR-FREE, UNINTERRUPTED, OR SECURE, OR THAT IT WILL PRODUCE ANY PARTICULAR TRADING RESULT. YOU USE THE SOFTWARE AND RELY ON ANY OUTPUT ENTIRELY AT YOUR OWN RISK.
12.3. Third-party services. We are not responsible for the acts, errors, omissions, availability, or reliability of any third-party service, including LLM providers, fundamentals-data providers, data feeds, brokers, and exchanges.
12.4. LIMITATION OF LIABILITY. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL THE COMPANY BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, GOODWILL, DATA, TRADING OPPORTUNITY, OR CAPITAL, ARISING OUT OF OR RELATING TO YOUR USE OF THE SOFTWARE.
12.5. CAP. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE COMPANY'S TOTAL AGGREGATE LIABILITY SHALL NOT EXCEED THE GREATER OF (A) THE AMOUNT YOU PAID TO THE COMPANY FOR THE SOFTWARE IN THE TWELVE (12) MONTHS PRECEDING THE CLAIM, OR (B) ONE THOUSAND INDIAN RUPEES (INR 1,000).
13. Indemnification
13.1. You agree to defend, indemnify, and hold harmless the Company from and against any claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising out of or relating to: (a) your use of the Software; (b) your use of research output and, for any trading you conduct in your own exchange, your orders or transactions; (c) your use of any API keys or third-party accounts; (d) your breach of these Terms or any applicable law; or (e) your content.
14. Termination
14.1. By you. You may terminate these Terms at any time by ceasing use of the Software and uninstalling it.
14.2. By us. We may suspend or terminate your license immediately if you breach these Terms, or if required by law.
14.3. Effect of termination. Upon termination, your license ends. Sections that by their nature should survive termination will survive. Because the Software operates locally, termination does not affect your access to your own data on your device.
15. Governing Law & Jurisdiction
15.1. Governing law. These Terms shall be governed by and construed in accordance with the laws of India, without regard to conflict-of-law principles.
15.2. Jurisdiction. Subject to applicable law, the courts located in the jurisdiction of your residence within India shall have non-exclusive jurisdiction over any dispute. Where you reside outside India, the parties agree that the competent courts in India shall have jurisdiction to the extent permitted by law.
15.3. Amicable resolution. The parties will first attempt in good faith to resolve any dispute amicably. Nothing limits any mandatory consumer protection rights you may have.
16. Changes to Terms
16.1. We may update these Terms from time to time, including to describe new capabilities as they ship. When we make material changes, we will update the "Last Updated" date and, where practicable, provide notice within the Software or on algoagent.in.
16.2. Your continued use of the Software after the effective date of revised Terms constitutes your acceptance of the revised Terms.
17. Contact
If you have any questions about these Terms, please contact us at:
Email: contact@algoagent.in
Bug reports: bugs@algoagent.in
Website: algoagent.in
By downloading, installing, or using Algoagent Core, you acknowledge that you have read and understood these Terms and agree to be bound by them.