Legal
Software License Agreement
This is the license (EULA) for the MetaTrader 5 indicators, Expert Advisors and bots you buy on store.nikaquant.com. You pay once. You get a license to use the software, not ownership of it. Read it before you buy. It is short on purpose, but it is binding.
1. Who this is between
This Software License Agreement ("Agreement") is between you and NikaQuant ("NikaQuant", "we", "us", "our"), operated by [Legal entity name], [Registered address], [Company registration number].
"You" means the person who buys the license. If you buy for a company or other organisation, you confirm you can bind it, and "you" means that organisation as well as you.
This Agreement covers software bought on store.nikaquant.com. It does not cover the NikaQuant app (app.nikaquant.com) or its subscriptions, which are governed by our Terms of Service (nikaquant.com/terms/). It does not cover the $NIKAQUANT token (coin.nikaquant.com/disclaimer/).
2. Acceptance
You accept this Agreement when you do any of these: complete a purchase on the store, download the software, or install, copy, attach or run it in MetaTrader 5. If you do not agree, do not buy, download or install it.
This Agreement works alongside our Store Terms of Sale (store.nikaquant.com/terms/), which cover price, payment, delivery and refunds, and our Privacy Policy (nikaquant.com/privacy/). If this Agreement and the Terms of Sale conflict on how you may use the software, this Agreement wins. On payment, delivery and refunds, the Terms of Sale win.
You must be at least 18, or the age of legal majority where you live if that is higher.
3. Definitions
- Software — the indicator, Expert Advisor (EA) or bot you bought, in compiled form (
.ex5) and, only where your license type includes it, source form (.mq5), plus any templates, presets, documentation and updates we give you for it. - License type — the license option you picked at checkout, as named on the product page and your receipt (see section 5).
- Source Code — the human-readable
.mq5file and any include files we supply with it. - Trading Account — a MetaTrader 5 trading account (live, demo or contest) identified by its account number and broker server.
- Terminal — one installation of the MetaTrader 5 client terminal, including one running on a VPS.
4. License grant
Once you have paid in full, we grant you a personal, non-exclusive, non-transferable, non-sublicensable, revocable (only as set out in section 14) license to install and use the Software for your own trading and analysis, within the limits of the license type you bought. The license is perpetual for the version you bought: it does not expire and there is no subscription.
"Personal" means you (or, for an organisation, its own employees acting for it) use the Software. You may not use it to provide trading, signal, copy-trading, account-management or analysis services to other people for a fee or other benefit, unless we agree in writing.
You may make a reasonable number of backup copies of the files you were sent, for your own use only.
Everything not expressly granted is reserved to us.
5. License types
Each product page lists the license types available for that product. The store currently offers two types. The type you bought is shown on your Stripe receipt.
You get the compiled .ex5 file only. No source code. You may use it on [number of MT5 Trading Accounts / Terminals per One license — to be confirmed] that you personally own or control. Moving the Software to a different account or terminal you own is fine, as long as you stay within that limit at any one time.
You get the compiled .ex5 and the .mq5 Source Code. You may use the Software on any number of Trading Accounts and Terminals that you (or your organisation) own or control. You may read, modify and recompile the Source Code for that same use. "Unlimited" is about the number of your own accounts and terminals. It does not allow you to share, sell or publish the Software, the Source Code or anything compiled from it (see section 7).
If a product page ever describes a license type in more detail than this section, the product page description applies to that product, as long as it gives you at least the rights above.
6. Delivery, activation and account binding
Files are delivered after payment by email or download link. The success page you see after Stripe checkout is not a download. If your files do not arrive, write[email protected] with your receipt.
The products currently listed do not use license keys, online activation, DLLs, WebRequest or any network access. Where a future product uses activation, a license key, or locks to a specific Trading Account number, its product page will say so before you buy. In that case you must not bypass, share or tamper with the key or the lock, and we may ask for your account number to set it up or move it.
Your license is tied to you, the buyer. Keep your files and receipt. We may ask for proof of purchase before giving support or a re-delivery.
7. What you may not do
Unless the law gives you a right that cannot be contracted away, you may not:
- sell, resell, rent, lease, lend, give away, sublicense or otherwise transfer the Software or your license;
- share the files, or let anyone else use your copy, including friends, trading groups, Discord / Telegram channels, forums or file-sharing sites;
- use the Software on more Trading Accounts or Terminals than your license type allows;
- decompile, disassemble, decrypt or reverse engineer the
.ex5, or try to recover its source code; - remove, disable or get around any protection, account lock, time limit, licence check, copyright notice or branding;
- publish, upload or redistribute the Software, the Source Code, or any modified or recompiled version, in whole or in part, free or paid, including on the MQL5 Market or any other marketplace;
- use the Software, the Source Code or its logic to build, train or market a product or service that competes with ours;
- resell the Software's output (alerts, levels, signals) as a commercial signal or copy-trading service, unless we agree in writing;
- use the Software in breach of any law, broker agreement or prop-firm rule that applies to you.
Where EU or UK law lets you decompile to achieve interoperability with other software, you must first ask us for the information you need at[email protected], and use anything you learn only for that purpose.
8. Updates and support
Support. Email [email protected]. Include your terminal build, symbol and timeframe. Support covers installing the Software and explaining what it does and its inputs. It does not cover trading advice, strategy design, custom coding, or problems caused by your broker, VPS or other software. Support is provided for [support period — to be confirmed] from purchase. We aim to reply within [support response target — to be confirmed].
Updates. Bug-fix and compatibility updates to the version you bought are included for [update period — to be confirmed] from purchase. We are not obliged to build new features, or to release new major versions free of charge. Updates are covered by this Agreement.
End of life. We may stop selling or updating a product. That does not end your license: you can keep using the last version you received.
Where consumer law requires us to supply updates needed to keep digital content in conformity (for example in the EU and UK), we will do so for the period that law requires.
9. Compatibility and MetaTrader
The Software runs only in the MetaTrader 5 desktop client terminal (Windows, or another setup that runs the MT5 desktop terminal). It does not run in MetaTrader 4 or the MT5 mobile or web terminals. Check the product page for anything else it needs, such as a symbol with real volume or a minimum amount of history.
MetaTrader and MetaQuotes are trademarks of MetaQuotes Ltd. NikaQuant is not affiliated with, endorsed by or sponsored by MetaQuotes Ltd. or any broker or prop firm. MetaQuotes can change MT5 at any time. A terminal update may break or change how the Software behaves; we will make reasonable efforts to fix compatibility issues during the update period in section 8, but we cannot guarantee it.
You are responsible for your computer, VPS, internet connection, terminal, broker account and data feed.
10. Trading risk — no performance promise
Trading forex, CFDs, futures, crypto and other leveraged products carries a high risk of loss. You can lose more than you put in. Read our Risk Disclosure (nikaquant.com/risk-disclosure/).
- The Software is a tool. It is not financial, investment, tax or legal advice, and it is not a recommendation to buy or sell anything.
- NikaQuant is not a broker, investment adviser or regulated financial firm. We do not hold your money or place trades for you.
- Indicators show market history, not a forecast. Backtests, Strategy Tester results, screenshots and promo videos do not predict future results.
- We make no promise of profit, win rate, drawdown limit, or that the Software will help you pass any prop-firm challenge.
- Where a product can send orders (for example an EA or bot), it acts on the settings you choose, and slippage, spreads, latency, requotes, outages and broker rules can change the result.
11. Your settings, your testing, your trades
You decide whether and how to use the Software. You choose its inputs, symbols, timeframes, lot sizes and risk. Before you use it near real money:
- read the product page and documentation;
- test it in the Strategy Tester and on a demo account first;
- start small, and watch it.
Every trade you place or allow is your decision and your responsibility. This includes trades you place after reading a signal, alert or level from the Software.
12. Ownership and intellectual property
The Software is licensed, not sold. We (or our licensors) own all rights in it, including copyright in the code, compiled files, documentation, names, logos and visual design. This stays true for the Source Code you receive under an Unlimited license and for any changes you make to it: you may use your modified version only as section 5 allows, and you may not claim it as your own product.
"NikaQuant" and our product names are our marks. This Agreement gives you no right to use them.
13. Feedback
If you send us ideas, bug reports or suggestions, we may use them freely without owing you anything. We will not name you without asking.
14. Termination
This license lasts until it is terminated. We may terminate it by written notice (email is enough) if you materially breach this Agreement — for example by sharing, reselling or cracking the Software — and, where the breach can be fixed, you do not fix it within 14 days of our notice. We may terminate immediately for piracy, redistribution or tampering with protections. A refund or chargeback of your purchase also ends the license.
When the license ends you must stop using the Software and delete every copy, including Source Code and modified versions. Sections 7, 10, 12, 15, 16, 19, 20 and 22 survive. Terminating for breach does not limit any other remedy we have.
15. Warranty disclaimer
To the extent the law allows, the Software is provided "as is" and "as available". We do not warrant that it is error-free, will run without interruption, is compatible with every broker, symbol or terminal build, or will meet your trading goals. We disclaim all implied warranties, including merchantability, fitness for a particular purpose, accuracy and non-infringement.
We do promise that the Software will substantially match its product-page description when delivered. If it does not, tell us and we will fix it, replace it, or refund you under the Terms of Sale. This section does not take away statutory rights that cannot be excluded (see section 17).
16. Limitation of liability
To the extent the law allows:
- We are not liable for trading losses, lost profits, lost revenue, failed prop-firm challenges, lost data, or any indirect, incidental, special, consequential or punitive loss, however caused, even if we were told it was possible.
- Our total liability to you for all claims about a product is capped at the amount you paid us for that product's license.
Nothing in this Agreement limits or excludes liability for death or personal injury caused by negligence, for fraud or fraudulent misrepresentation, or for anything else that cannot be limited or excluded by law. Some places do not allow some of these limits, so they may not all apply to you.
17. Your consumer rights
If you buy as a consumer, you have legal rights this Agreement does not override. In the EU and UK, for example, digital content must be as described, fit for purpose and of satisfactory quality, and you may be entitled to a repair, replacement, price reduction or refund if it is not. In some US states, implied warranties cannot be fully excluded. Where those rights apply, they take priority over sections 15 and 16.
18. Refunds
Refunds for store purchases, including how your statutory right to withdraw from a digital purchase works once a download starts, are covered by our Store Terms of Sale (store.nikaquant.com/terms/). The 14-day money-back promise for app subscriptions on nikaquant.com/refund/ is a separate policy for the app.
19. Export controls and sanctions
You confirm you are not located in, ordinarily resident in, or acting for anyone in a country or region under comprehensive sanctions, and that you are not on any sanctions or restricted-party list (including those kept by the UN, EU, UK or US). You will not export, re-export or use the Software in breach of export-control or sanctions laws. We may refuse or cancel an order, and terminate a license, to comply with those laws.
20. Governing law and disputes
[Governing law and courts — to be set by counsel]
If you are a consumer, you also keep the protection of the mandatory laws of the country where you live, and you may be able to bring a claim in your local courts. Before starting a claim, please email [email protected] so we can try to fix it first.
21. Changes to this agreement
We may update this Agreement, for example when we add products or license types. The version in force when you bought applies to that purchase. A later version applies to it only if you accept it (for example by installing an update that ships with it) and it does not reduce the rights you paid for. We will change the "Last updated" date at the top.
22. General
- Entire agreement. This Agreement, the Store Terms of Sale and the product page for what you bought are the whole agreement about the Software.
- Severability. If a court finds part of this Agreement unenforceable, the rest still applies, and that part is applied as far as the law allows.
- No waiver. If we do not enforce a right straight away, we have not given it up.
- Assignment. You may not transfer this Agreement. We may transfer it to a business that takes over the store, as long as your rights are not reduced.
- Events outside our control. We are not responsible for delays or failures caused by events we cannot reasonably control, including MetaTrader, broker, payment-provider or internet outages.
- Language. This Agreement is written in English. If we provide a translation, the English version wins where the law allows.
23. Contact
NikaQuant, [Legal entity name], [Registered address].
Email: [email protected]