Risk & regulatory disclosures, last updated 12 November 2026

1. Nydex is not an investment adviser

Thomas Kramer is not registered as an investment adviser or a broker-dealer with the SEC, with any state securities regulator, or with FINRA, and Nydex is not operated as one.

Nydex does not recommend securities. It does not know your income, your net worth, your holdings, your goals, or your risk tolerance, and it never asks. It has no discretion over your account: every rule it acts on is a rule you set, and the strategies shipped with it are general-purpose starting points written for no one in particular, not selections made for you.

Nothing in Nydex is a recommendation, an opinion about the value of any security, or advice about whether to buy, sell, or hold anything. If you want advice, hire someone licensed to give it who knows your circumstances.

2. Nydex is not a broker and holds nothing

Your broker executes your orders, holds your securities, and holds your cash. Nydex sends instructions to your broker using API credentials you supplied and can revoke in one click. Thomas Kramer never has custody of, access to, or control over your money or your positions.

As of 12 November 2026, every order Nydex sends is a paper order. Market data is live and the scan is live; execution is simulated. No real money can be lost through Nydex today. If that ever changes, this page changes first.

3. Trading loses money for most people

Trading stocks and ETFs carries a substantial risk of loss, including the loss of everything you put in. Most active retail traders lose money over time. A scanner does not fix that. It narrows what you look at; it does not tell you what will happen.

Only trade money you can afford to lose entirely. Nothing in this application is a prediction, a projection, or a promise of any return.

4. Market data is delayed and imperfect

Prices come from the IEX feed with a 15-minute delay. Fundamental data comes from public SEC filings. All of it is supplied by third parties, as is, and may be late, revised, incomplete, or wrong. Nydex is unsuitable for any strategy that depends on current prices.

5. What a backtest is not

Backtests are hypothetical simulations run on historical data, with the benefit of hindsight and the knowledge of what happened next. They model no slippage, no spread, no commission, no partial fills, no liquidity limits, no borrow cost and no tax. They cannot know whether a bar hit its high or its low first.

Past performance, real or simulated, does not indicate future results. Hypothetical results have inherent limitations and frequently differ sharply from what an account actually achieves. Treat a backtest as evidence that a rule is worth watching, never as a return you would have made.

6. The tax estimate is not tax advice

The Tax tab treats every trade as short-term, applies one flat state rate, and flags but does not calculate wash sales. It ignores the alternative minimum tax, credits, itemised deductions, trader-status expenses, and any income you did not type in. The figures and the payment dates it prints may differ materially from what you owe. Confirm every number with a licensed tax professional before you file or pay.

7. Conflicts of interest, stated plainly

Thomas Kramer is paid by subscribers and by nobody else.

• No issuer pays for coverage. No company, promoter, or shareholder pays anything to appear in a scan, a sector view, or a preset watchlist, and none ever will.
• No commission, no payment for order flow, no revenue share with any broker. Nydex earns nothing when you trade, so it has no reason to want you to trade more.
• No affiliate arrangements with any broker or data provider named in the app. Nydex is not affiliated with, endorsed by, or operated by any of them.
• Thomas Kramer personally trades and may hold positions in securities that appear in Nydex output. He receives nothing from anyone for their appearance, and the output is produced by your configuration, not by his positions.

8. Eligibility and where Nydex is offered

Nydex is for people 18 or over who are legally permitted to trade securities where they live. It is offered from the United States and is not directed at any jurisdiction where offering it would require a licence or registration that is not held. You are responsible for whether using it is lawful where you are.

9. Questions

These disclosures sit alongside the Terms of Use and the Privacy Policy, both readable from Settings → Legal without signing in. Where a term and a disclosure differ, the Terms of Use governs.

Anything unclear, or you would rather ask a person: support@nydex.app.