Terms of Service

1. Acceptance & who we are

These Terms of Service (the “Terms”) are a binding agreement between you (“you” or the “customer”) and the operator of Coil (“Coil,” “we,” “us,” or “our”), who publishes the website at coil.trade and distributes the Coil software. By purchasing, downloading, installing, or running Coil, or by using coil.trade, you confirm that you have read, understood, and agree to be bound by these Terms.

If you do not agree with any part of these Terms, do not purchase, download, or run the software. You must be of legal age to form a binding contract and to maintain a brokerage account in your jurisdiction in order to use Coil.

2. What Coil is

Coil is downloadable software: a rules-based, self-tuning trading engine for the 3x leveraged semiconductor ETFs SOXL and SOXS, which you buy, download, and run yourself on your own machine, inside your own AI agent, against your own brokerage account.

To be unambiguous about what Coil is not:

• Coil is not investment advice and does not provide personalized recommendations to buy or sell any security.
• Coil is not a managed account. We never take custody of, hold, or direct your funds.
• Coil is not a signal service, newsletter, or trade-alert subscription.
• Coil is not a broker, dealer, investment adviser, or fiduciary, and we are not acting in any such capacity toward you.

Coil is a tool. Every order it generates is executed by your own software, on your own machine, against your own brokerage account, under your own control and responsibility.

3. License grant

Subject to your compliance with these Terms and your payment of the applicable fees, we grant you a license to use Coil as follows.

Download (one-time)

The one-time Download purchase grants you a perpetual, personal, non-transferable, non-exclusive license to use the specific version of Coil you downloaded, for your own trading use. “Perpetual” means we will not revoke the license to that version for non-renewal, because there is nothing to renew; it does not entitle you to future versions, updates, or new validated releases.

Pro (subscription)

The Pro subscription grants you, while your subscription is active and paid, a license to install and run Coil and to receive new cold-validated versions delivered through Coil Sync as they are released. The same personal, non-transferable, non-exclusive terms apply. If you cancel or your subscription lapses, your access to new versions and to Coil Sync ends, but you keep a perpetual license to the last version you received while your subscription was active, on the same terms as a Download license.

4. Restrictions

The license above is limited. You may not, and may not permit any third party to:

• redistribute, resell, sublicense, lease, lend, or otherwise make the software available to anyone else;
• publish, post, or otherwise disclose the engine, its source code, or its internal logic, in whole or in part;
• reverse-engineer, decompile, or disassemble the software except to the limited extent that applicable law expressly permits despite this restriction;
• remove, alter, or obscure any copyright, trademark, license, or other proprietary notices contained in the software or its documentation; or
• use the software to build or train a competing product or service.

5. Your responsibilities

Coil runs on your machine, with your accounts. You are responsible for how it is used and for everything that results.

• You use your own brokerage account, your own capital, and your own credentials. Your broker and data-provider credentials stay on your machine and are never transmitted to us — we never see, store, or have access to them.
• You are solely responsible for all trading decisions and outcomes, including every order placed, filled, or missed, and for any resulting profit or loss.
• You are responsible for configuring, supervising, and operating the software, including any kill switches, position limits, or safeguards you choose to enable or disable.
• You are responsible for complying with your brokerage's and your data provider's terms of service, with any market-data licensing requirements, and with all applicable laws, regulations, and tax obligations in your jurisdiction.
• You confirm that automated or algorithmic trading is permitted on your account and that you have the necessary approvals and permissions to trade leveraged ETFs.

6. Risk acknowledgment

Trading leveraged ETFs is high risk. By using Coil you acknowledge and accept that risk in full.

7. No warranty

Coil is provided “AS IS” and “AS AVAILABLE,” without warranties of any kind. To the maximum extent permitted by law, we disclaim all warranties, whether express, implied, or statutory, including any implied warranties of merchantability, fitness for a particular purpose, title, non-infringement, and any warranty as to accuracy, reliability, availability, or profitability.

We do not warrant that the software will be uninterrupted, error-free, or free of defects; that it will connect to or function with any particular broker, data feed, or third-party service; that signals or orders will be timely or accurate; or that using it will be profitable or will avoid losses. You use the software at your own risk.

8. Limitation of liability

To the maximum extent permitted by applicable law:

• we are not liable for any trading losses or for any lost profits, lost opportunities, or lost or corrupted data arising out of or related to your use of Coil;
• we are not liable for any indirect, incidental, special, consequential, punitive, or exemplary damages, even if we have been advised of the possibility of such damages; and
• our total aggregate liability for any and all claims arising out of or related to Coil or these Terms is capped at the total amount you actually paid us for the software in the twelve (12) months preceding the event giving rise to the claim.

Some jurisdictions do not allow the exclusion or limitation of certain warranties or liabilities, so some of the above may not apply to you. In that case, our liability is limited to the smallest amount permitted by law.

9. Payments

Coil is sold at $9.99 one-time for the Download license, and $25/month or $249/year for the Pro subscription. All prices are in U.S. dollars unless stated otherwise.

Payments, taxes, invoicing, and chargebacks are handled by Lemon Squeezy as our merchant of record (payment processing powered by Stripe). Your purchase is technically a transaction with Lemon Squeezy, and Lemon Squeezy's own terms of service and privacy policy also apply to that transaction in addition to these Terms. Subscriptions renew automatically at the then-current price until cancelled. Refunds are governed by our Refund Policy.

10. Intellectual property

Coil, the Coil name and logo, the website, the software, its source code, models, documentation, and all related materials are owned by the operator of Coil or its licensors and are protected by copyright, trademark, and other intellectual-property laws. Your license grants you the right to use the software as described above; it does not transfer any ownership or grant any rights beyond those expressly stated. All rights not expressly granted are reserved. “NVIDIA,” the ICE Semiconductor Index, “Robinhood,” “Alpaca,” “Lemon Squeezy,” and “Stripe” are the property of their respective owners, and Coil is not affiliated with, endorsed by, or sponsored by any of them.

11. Termination

You may stop using Coil at any time, and you may cancel a Pro subscription as described in your account or the Refund Policy. We may suspend or terminate your license if you materially breach these Terms — for example, by redistributing or publishing the software, by violating the restrictions in Section 4, or by using Coil unlawfully. On termination for breach, the licenses granted to you end and you must stop using and delete the software. Sections that by their nature should survive termination — including risk acknowledgment, disclaimers, limitations of liability, intellectual property, and governing law — survive.

12. Changes to these Terms

We may update these Terms from time to time, for example to reflect changes to the software, our payment processor, or the law. When we do, we will revise the effective date at the top of this page. Material changes will be reflected here, and your continued purchase, download, or use of Coil after an update constitutes your acceptance of the revised Terms. If you do not agree to a change, stop using the software.

13. Governing law

These Terms are governed by the laws of the jurisdiction in which the operator of Coil is established, without regard to its conflict-of-laws rules, and any dispute relating to these Terms or to Coil will be subject to the courts of that jurisdiction, except where applicable mandatory law gives you the right to bring proceedings in your own place of residence. Nothing in these Terms limits any non-waivable statutory rights you may have as a consumer.

14. Contact

Questions about these Terms can be sent to support@coil.trade. Questions about a specific payment, invoice, or refund may be directed to us or to Lemon Squeezy as the merchant of record for your purchase.