⚠ Document Status
FINAL DRAFT · AWAITING FOUNDATIONAL COUNSEL REVIEW
This document is a final draft. Algonet's full legal framework has been drafted and submitted for foundational counsel review under the Algonet BH LLC / CFTC Rule 4.7 structure. Formal confirmation is expected within six weeks. Until that review is returned, this document is not yet executed and existing client engagements remain governed by the prior version signed at onboarding. Published here in full for transparency and for the review of prospective qualified investors and their counsel.
Working draft v0.2 — 2026-04-22. Unified US + Israel framework. Structure adapted from Cornix Terms (cornix.io, Sept 2023, Israeli-jurisdiction anchor) + 3Commas Client Terms of Use (18 Dec 2025) + Shrimpy Terms of Service (Benthos Labs, 2019, non-custodial framing + arbitration) + Bitsgap / Coinrule / Cryptohopper for non-regulated-service disclaimers. Previous v0.0 Hebrew-origin content archived at /opt/backups/algonet-legal-originals-pre-v02-*.
Legal · I — TEST
The rules of engagement for the Algonet website and execution service — pending legal review.
These Terms of Use (the "Terms") govern access to and use of the website https://www.algonet-trade.com, the Algonet client portal, and the algorithmic execution service (together, the "Services") operated by Toi Campbell Holdings Ltd (Israeli company no. 517110987), represented by Toi Campbell (director, ID 205852122), trading as אלגונט — פתרונות אלגוריתמים, at Bar Kochva 23, V Tower, Bnei Brak 5126002. Algonet BH LLC (a Florida limited liability company) is held for a future US operating framework and does not currently accept client mandates (together, "Algonet", "we", "us", or "our"). Any use of the Services constitutes acceptance of these Terms. The Terms are drafted in the neutral masculine form for convenience and apply equally to all genders.
I — Chapter
Definitions
The Client — a natural person or legal entity who has executed the Engagement Agreement with Algonet and is receiving the Services.
The Visitor — any person who accesses the Website without being a Client.
The User — collective term for Clients and Visitors.
The Website — https://www.algonet-trade.com, including all subdomains and the client portal.
The Services — Algonet's systematic signal generation and non-custodial routing of trade instructions to the Client's exchange account via a trade-only API key.
The Exchange — the third-party cryptocurrency derivatives exchange (currently Binance Futures; others may be approved) on which the Client maintains the trading account.
API Credentials — the API key/secret pair with trade permissions enabled and withdrawal permissions explicitly disabled, that the Client delivers to Algonet.
Content — all text, images, data, code, interfaces, and other materials displayed on the Website or made available by Algonet.
II — Chapter
Nature of the Services
Algonet provides a non-custodial algorithmic execution service. The Client maintains sole custody of all capital in the Client's own Exchange account at all times. Algonet never holds, receives, transfers, or has withdrawal access to Client capital.
Algonet is NOT a broker-dealer, a registered investment adviser, a portfolio manager, a cryptocurrency exchange, a custodian, a trust company, a bank, or a money-transmitter. In the United States, Algonet operates within the CFTC Rule 4.7 exemption from full Commodity Trading Advisor registration. In Israel, Algonet operates as a software and execution-service provider and is not licensed under the Investment Advice, Investment Marketing, and Portfolio Management Law, 1995.
Nothing in the Services or on the Website constitutes individualized investment advice, tax advice, legal advice, or accounting advice. Clients and Visitors must not rely on any Content or communication from Algonet as personalized advice, and must make their own independent determinations about the suitability of the Services.
III — Chapter
Eligibility and Access
Services are available only to Qualified Eligible Persons as defined under CFTC Rule 4.7(a), or equivalent qualified-investor definitions. Every prospective Client must execute the QEP Certification before receiving any factsheet or performance material containing specific return numbers.
Algonet does not onboard Clients resident in, citizens of, or located in any jurisdiction subject to comprehensive U.S. sanctions (currently Cuba, Iran, North Korea, Syria, Crimea / Donetsk / Luhansk), Russia, Belarus, Venezuela, Myanmar (Burma), or Afghanistan. The list is updated when sanctions programs change.
Minimum allocation to activate the Services is US$250,000, subject to Algonet's discretion to waive on a case-by-case basis.
Access to the Website is provided "as available." Algonet may modify, suspend, or discontinue any portion at any time, with or without notice, including for maintenance, security, or regulatory reasons.
IV — Chapter
Risk Groups and Client Configuration
Every Client selects one of four Risk Groups at onboarding: Conservative (5% target monthly drawdown ceiling), Moderate (15%), Growth (35%), or Opportunistic (100%). Each Risk Group controls the scaling factor applied by the Mother System to position sizes on the Client's account.
The Risk Group may be changed by the Client at any time through the client portal. A change is confirmed by an email one-time password to the Client's registered address and applies to subsequent trading within approximately 30 minutes. Drawdown ceilings are design targets, not contractual guarantees; market conditions, slippage, and infrastructure events can produce deviations.
The initial selection and any subsequent change are logged in the Algonet audit trail with timestamp and IP address.
V — Chapter
API Connection
To receive the Services, the Client must generate API Credentials on the Exchange with trade permissions enabled and withdrawal permissions explicitly disabled, and deliver them to Algonet through the secure onboarding flow. By delivering the Credentials, the Client confirms that (i) the Exchange account belongs to the Client personally; (ii) withdrawal permissions are disabled; and (iii) the Client may revoke the Credentials at any time and thereby immediately terminate the Services.
Algonet stores the Credentials encrypted at rest using AES-256-GCM and uses them only for order routing under the Services. The full API Key Connection Authorization, incorporated herein by reference, governs the specific scope.
If Algonet has reasonable grounds to believe the Credentials have been compromised or are being used inconsistently with these Terms, Algonet may drop or suspend them for security purposes with prompt notice.
VI — Chapter
Fees
The sole fee payable to Algonet is a twenty percent (20%) performance fee on net new profits, crystallized monthly on a strict high-water-mark basis. No management fee. No subscription fee. No setup fee. No per-trade commission. Exchange fees (maker/taker commissions, funding rates, withdrawal and network fees) are paid directly by the Client to the Exchange under the Exchange's own fee schedule.
Fee mechanics are specified in the Engagement Agreement, which governs in the event of any conflict.
VII — Chapter
Intellectual Property
The Website, all Content, the Mother System (including code, models, signal outputs, risk logic, infrastructure), the Algonet name, marks, logos, domain names, and all associated IP rights are owned by Algonet or its licensors and protected by copyright, trade-mark, and trade-secret law. All rights not expressly granted are reserved.
The User receives a limited, non-exclusive, non-transferable, revocable license to access the Website and (for Clients) to receive the Services, solely for the User's own personal or internal business purposes. The User shall not (i) reproduce, modify, distribute, publicly display, or create derivative works of any Content; (ii) reverse-engineer, decompile, disassemble, or attempt to derive source code; (iii) probe, penetrate, or load-test Algonet's infrastructure; or (iv) use the Services to develop a competing product.
VIII — Chapter
Prohibited Conduct
The User shall not: (a) access the Website by automated means other than Algonet-documented public endpoints; (b) attempt unauthorized access to any portion of the Website, portal, or infrastructure; (c) submit false or misleading information during onboarding; (d) use the Services in violation of applicable law, the Exchange's terms, or any sanctions regime; (e) impersonate any person or entity; (f) transmit any virus, worm, or other harmful code; or (g) engage in behavior that interferes with the proper functioning of the Services.
Algonet reserves the right to suspend, restrict, or terminate access in response to any actual or suspected violation.
IX — Chapter
No Guarantees; Performance Disclosures
Past performance is not indicative of future results. Any performance statistics, backtesting artifacts, research notes, or historical return figures are historical and subject to the limitations in accompanying methodology disclosures. Algonet does not guarantee any level of return; Clients may lose some or all capital allocated to the Services.
Performance statistics on the Website are reported net of the 20% performance fee and are pulled directly from client Exchange accounts. Simulated or backtested figures are explicitly labeled as such, and methodology is available on request.
X — Chapter
Third-Party Services and Exchanges
The Client interacts with one or more third-party cryptocurrency derivatives exchanges as independent counterparties. Algonet is not a party to the relationship between the Client and the Exchange. The Exchange's own terms, risk rules, margin requirements, liquidation mechanics, fee schedule, data feeds, and customer support are entirely the Exchange's responsibility.
Algonet is not responsible for (a) any act or omission of the Exchange; (b) Exchange outages, delistings, trading halts, liquidation events, or regulatory actions; (c) any difference between the price the Mother System intended to trade at and the price at which the Exchange actually filled; or (d) any loss arising from Exchange counterparty insolvency, hack, or bankruptcy.
XI — Chapter
Disclaimers
THE WEBSITE, THE CONTENT, AND THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, ACCURACY, OR UNINTERRUPTED OPERATION. NO ORAL OR WRITTEN STATEMENT BY ALGONET OR ANY AFFILIATE CONSTITUTES A WARRANTY NOT EXPRESSLY STATED.
ALGONET DOES NOT WARRANT THAT THE WEBSITE OR SERVICES WILL BE ERROR-FREE, UNINTERRUPTED, SECURE AGAINST ALL THREATS, OR FREE FROM VIRUSES OR HARMFUL COMPONENTS. ALGONET DOES NOT WARRANT THE ACCURACY, COMPLETENESS, OR TIMELINESS OF ANY CONTENT OR THIRD-PARTY DATA.
XII — Chapter
Limitation of Liability
To the maximum extent permitted by law, and except for the carve-outs below, the aggregate liability of Algonet arising out of or relating to these Terms or the Services, from any cause whatsoever and regardless of form of action, shall in no event exceed the aggregate performance fees paid by the User to Algonet during the twelve (12) calendar months immediately preceding the event. Where less than twelve months have been paid, the cap is the actual fees paid; for Visitors who are not Clients, the aggregate cap is US$100.
ALGONET SHALL NOT BE LIABLE FOR ANY INDIRECT, CONSEQUENTIAL, SPECIAL, PUNITIVE, OR EXEMPLARY DAMAGES, INCLUDING LOST PROFITS, LOST OPPORTUNITY, LOST GOODWILL, COST OF COVER, OR DAMAGES ARISING FROM TRADING LOSSES ON THE EXCHANGE, EVEN IF ADVISED OF THE POSSIBILITY.
Carve-outs. The limitations do not apply to (a) Algonet's indemnification obligations in the Engagement Agreement; (b) willful misconduct or fraud; or (c) any liability that cannot be limited under applicable law.
XIII — Chapter
Crypto-Specific Risk Acknowledgment
THE USER EXPRESSLY ACKNOWLEDGES AND AGREES THAT THE USER MAY LOSE SOME OR ALL OF THE USER'S FUNDS. CRYPTOCURRENCIES AND CRYPTOCURRENCY PERPETUAL FUTURES ARE A NEW AND INSUFFICIENTLY TESTED TECHNOLOGY, SUBJECT TO EXTREME PRICE VOLATILITY, EVOLVING REGULATION, INFRASTRUCTURE RISK, AND COUNTERPARTY RISK AT THE EXCHANGE LEVEL.
The User's full risk acknowledgment is set out in the Risk Disclosure Statement.
XIV — Chapter
Indemnification
The User shall indemnify, defend, and hold harmless Algonet, its officers, members, employees, and agents from and against any and all claims, losses, damages, liabilities, settlements, costs, and expenses (including reasonable attorneys' fees) arising out of or related to: (a) the User's breach of these Terms; (b) the User's violation of any applicable law; (c) misrepresentation of any fact in the QEP Certification; or (d) the User's activity on the Exchange in connection with the Services.
XV — Chapter
Governing Law and Dispute Resolution
For U.S.-resident Users, these Terms shall be governed by the laws of the State of Florida, without regard to conflict-of-laws principles. Any dispute shall be resolved by final and binding arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules, seated in Miami-Dade County, Florida. Each party waives any right to a jury trial and any right to bring a class-action claim.
For Users resident outside the United States, these Terms shall be governed by the laws of the State of Israel, and any dispute shall be submitted to the exclusive jurisdiction of the competent courts of Tel Aviv-Jaffa, except that Algonet may elect arbitration under the Israel Institute of Commercial Arbitration rules seated in Tel Aviv.
Nothing limits either party's right to seek injunctive or equitable relief in any court to protect confidential information or intellectual property.
XVI — Chapter
Updates and Termination
Algonet may update these Terms from time to time. Material updates notified by email (for Clients on the mailing list) at least thirty (30) calendar days before the effective date and by prominent notice on the Website. Continued use after effective date constitutes acceptance.
Algonet may terminate any User's access for any reason, including breach, regulatory requirement, or cessation of the Services. The User may discontinue use at any time; a Client may terminate the Services by revoking the API Credentials or by delivering notice under the Engagement Agreement.
XVII — Chapter
Miscellaneous
Entire Agreement. These Terms, together with the Privacy Notice, Risk Disclosure Statement, QEP Certification, API Key Connection Authorization, and Engagement Agreement (for Clients), constitute the entire agreement.
Severability. If any provision is held invalid, remaining provisions continue in full force.
Assignment. User may not assign. Algonet may assign to a successor in a merger, acquisition, or sale of assets.
No Agency. Nothing creates an agency, partnership, joint venture, or employment relationship.
Language. These Terms may be issued in English and Hebrew. English governs for U.S.-law matters; Hebrew governs for Israeli-law matters.
Contact. support@algonet-trade.com.
Terms of Use v0.2 · 2026-04-22 · Toi Campbell Holdings Ltd (Israel, company no. 517110987), trading as אלגונט — פתרונות אלגוריתמים · Bar Kochva 23, V Tower, Bnei Brak 5126002. Algonet BH LLC (Florida) held for future US framework — does not currently accept mandates.
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