Terms of service

Who these terms are with

MirrorTrade is run by one person, not by a company. It has not been incorporated anywhere, so there is no registered entity, company number or registered office to give you, and we would rather write that down than print a name that does not exist. In these terms "MirrorTrade", "we", "us" and "our" mean the operator of the service. "You" means the person or entity using it.

This matters to you in one practical way, so here it is: your agreement is with an individual, and there is no company balance sheet standing behind it. What protects your money is not our size — it is that we never hold it. The key you approve can place orders and nothing else; it cannot withdraw, transfer or move your funds anywhere. See the risk disclosure for exactly what that key can and cannot do.

If that changes — if the service is transferred to a company — we will update this section, and section 17 governs the notice you get first.

These terms form a binding agreement between you and us. You accept them by connecting a wallet, approving an agent key, or otherwise using the service. If you do not accept them, do not use MirrorTrade.

If you are entering into these terms on behalf of a company or other entity, you confirm you have authority to bind it, and "you" means that entity.

What MirrorTrade is, and what it is not

MirrorTrade is software. It watches the trading activity of accounts you choose to follow on the Hyperliquid protocol and attempts to reproduce their trades in your own Hyperliquid account, scaled to parameters you set.

MirrorTrade is not an investment adviser, broker, dealer, exchange, fund manager or portfolio manager. We do not:

• recommend, endorse, rank or vet the traders available to follow, beyond publishing the on-chain record of what they have done;
• give investment, legal, tax or financial advice, or advise on whether copying any trader is suitable for you;
• exercise discretion over your account — every trade MirrorTrade places is the mechanical result of settings you chose and a trade someone else made;
• hold, pool, manage or invest your assets.

Any figure, chart, record or statistic we publish describes what has already happened. It is not a forecast, a promise, or an indication of what will happen in your account. Past performance does not predict future results.

You are solely responsible for deciding whether to use MirrorTrade, whom to follow, how much of your balance to allocate, and when to stop.

Who may use it

To use MirrorTrade you must be at least 18 years old and have the legal capacity to enter into this agreement.

You may not use MirrorTrade if you are resident in, located in, or a citizen of any jurisdiction in which trading leveraged derivatives, or accessing the Hyperliquid protocol, is prohibited or restricted for a person like you. That includes, but is not limited to, the United States of America: we do not serve US persons, meaning US citizens and residents wherever they are, and anyone accessing the service from the United States or its territories. It also includes any country subject to comprehensive sanctions.

We do not ask you for identity documents and we do not verify your nationality — so this is your statement, not our check. If it is not true, you are using the service in breach of these terms, and section 13 is what happens next.

You confirm that you are not subject to sanctions administered by the United Nations, the United States (OFAC), the European Union or the United Kingdom, are not acting for anyone who is, and will not use MirrorTrade to breach any sanctions, anti-money-laundering or counter-terrorist-financing law.

Determining what is lawful where you are is your responsibility, not ours. We may block, restrict or refuse access to any person or region at our discretion, including by geographic filtering, without notice.

Your account and your keys

MirrorTrade is used through a wallet you control. We never ask for, receive or store your wallet's private key or seed phrase, and no one from MirrorTrade will ever ask you for one.

You are responsible for the security of your wallet, your devices and any credentials used to reach your MirrorTrade account. Transactions authorised by your wallet or by an agent key you approved are treated as authorised by you.

Blockchain transactions are generally irreversible. We cannot reverse, cancel or refund a trade that has settled on Hyperliquid, and we cannot recover assets sent to a wrong address or lost through a compromised wallet.

Tell us immediately at security@mirrortrade.xyz if you believe your wallet or account has been compromised. Until you do, and until you revoke the agent key, copying continues.

The agent key

To copy trades, you approve a Hyperliquid agent wallet (an API wallet) scoped to trading on your account. This is a facility of the Hyperliquid protocol, not of MirrorTrade.

Within the limits enforced by the protocol, the agent key can open, modify and close positions in your account. It cannot withdraw funds, transfer funds, or move assets off the exchange. Those instructions are rejected by Hyperliquid itself when signed by an agent key.

We will use the key only to carry out the copying you have configured, and to the extent needed to operate, monitor and secure the service. We will not use it to trade for our own account, and we will not share it with a trader you follow or any other customer.

You may revoke the key at any time from your own wallet, without our involvement and without our consent. Revocation takes effect on the protocol, not on our systems, so it ends new copying immediately. It does not close positions already open — see section 12.

The security properties described here are properties of Hyperliquid. If the protocol changes what an agent key can do, what the key can do changes with it, and we do not control that.

We are not a custodian

Your assets remain in your own Hyperliquid account at all times. MirrorTrade does not take deposits, does not hold client money or client assets, does not operate a vault or pooled position, and never has title to, or possession of, anything of yours.

Because we hold nothing, we cannot lose your funds through our insolvency, and we cannot return them either — there is nothing of yours in our hands to return. Your exposure is to the market, to the trader you followed, and to Hyperliquid.

Nothing we hold on your behalf is protected by any deposit guarantee or investor compensation scheme, because there is nothing held.

How copying works

When a trader you follow opens or closes a position, MirrorTrade attempts to place a corresponding order in your account, sized according to the share of your balance and the per-trade ceiling you set.

Copying is provided on a best-efforts basis. We do not guarantee that any particular trade will be copied, or copied at any particular price, size or time. In particular:

• your order is necessarily placed after the trader's, so you will receive a different price — sometimes better, sometimes worse, and on a fast-moving market materially worse;
• orders below the minimum size enforced by Hyperliquid may not be placed at all;
• a position opened and closed faster than the round trip to your account may be missed entirely;
• a trade may fall outside a price band you configured, and be skipped;
• connectivity, protocol, exchange or infrastructure failures may prevent copying for a period.

Any latency, fill-rate or slippage figure we publish is a historical measurement, not a service level, and we do not commit to it. Where a trade is missed we will record it and the reason in your account record.

Copying begins from the next qualifying trade after you start following. We do not back-fill positions a trader already held.

Where you follow more than one trader and their positions offset, MirrorTrade may net them rather than placing both legs.

Traders you follow

Traders are independent third parties. They are not our employees, agents or partners, and we do not control them. They may change strategy, take on more risk, stop trading, or lose money, without notice to you or to us.

We do not guarantee the accuracy of anything a trader says about themselves. Performance data we publish is derived from on-chain activity and may be incomplete or subject to correction.

A trader may charge a fee of their own for being followed. Where they do, it is disclosed before you follow them, it is theirs and not ours, and it is in addition to our fee under section 9.

Nothing about a trader appearing on MirrorTrade is a recommendation by us to follow them.

Fees

Our fee is charged on the notional value of the orders MirrorTrade places for you — not on your balance, not on your profit, and not on assets you merely hold. The rate is set by the total notional we have copied for you since your account was opened:

That total only increases, so your rate only decreases. Crossing a threshold applies the lower rate to every order copied after the crossing; it is not applied retrospectively to orders already copied, and it is never reversed if you pause, withdraw or trade less. There is no periodic re-assessment and no reset.

We may issue a promotional code that sets your rate to 1 bp for 30 days from the date you redeem it. Volume copied during that period still counts toward the thresholds above. A code may be redeemed once per account.

You are never invoiced and we never hold or debit your funds. Our fee is collected by Hyperliquid as part of executing each order — the exchange deducts it at the point of the fill and remits it to us. You authorise this when you approve the builder fee during onboarding, and the approval sets a maximum rate we cannot exceed without asking you to approve a new one. If you revoke that approval, we can no longer be paid for your account and we may stop copying.

Because the fee is taken by the exchange on execution, there is nothing for you to pay separately, nothing to pay late, and no payment method for us to hold.

Our fee is exclusive of any tax. You are responsible for any VAT, GST, sales or withholding tax that applies, and for reporting and paying tax on your own trading. We do not provide tax advice or tax reporting.

Fees charged by Hyperliquid, by the network, or by a trader you follow are not ours, are additional, and are typically larger than our fee.

We may change our fees on 30 days' notice under section 17. A rate increase can only take effect for you by asking you to approve a new maximum, which you are free to decline.

Hyperliquid and other third parties

MirrorTrade depends on the Hyperliquid protocol and on infrastructure we do not own — networks, node providers, wallets and hosting. We do not control any of them and are not responsible for their acts, omissions, downtime, rule changes, forks, exploits or failures.

Your relationship with Hyperliquid is governed by its own terms and rules. It sets margin requirements, liquidation logic, order minimums and its own fees, and it can change them. Nothing in these terms alters that relationship or makes us responsible for it.

Where a third-party failure prevents, delays or distorts copying, section 15 applies.

Risk

You acknowledge and accept the following, and confirm you are able to bear the consequences:

• Perpetual futures are leveraged. Losses can equal your entire margin, and can arrive within a single price move.
• You can be liquidated. If your margin falls below Hyperliquid's requirement, positions may be closed automatically, at a loss, with no warning and no opportunity to add margin.
• Copying a profitable trader does not make you one. A trader you follow can be liquidated, and so can you. Their record is theirs and describes their account, not yours.
• Digital assets are volatile and markets can gap, halt or become illiquid.
• Smart contracts and protocols can contain defects and can be exploited.
• The regulatory treatment of these products can change, including in ways that restrict your access at short notice.

Only copy money you can afford to lose in full. If you do not understand a risk in this section, do not use the service.

This section is a summary written to be binding. The longer, plainer account of the same risks — including what a busy trader's turnover does to the fee over a year, and the list of things we have not measured — is the risk disclosure. Read it before you approve a key.

Stopping

You may stop at any time, by any of these routes:

• Pause — nothing new is copied. Positions already open stay open, and remain exposed to the market.
• Exit — MirrorTrade attempts to close every copied position at market. This is an instruction to trade, and it is subject to the same best-efforts limits as any other order in section 7.
• Revoke the agent key from your wallet — MirrorTrade loses the ability to place orders in your account immediately. Positions already open stay open, and from that moment only you can close them.

Revoking the key does not close positions and does not terminate these terms. Fees already taken by the exchange on orders it executed are not refundable.

You may close your MirrorTrade account by revoking the agent key on Hyperliquid and emailing support@mirrortrade.xyz. Revoking the key is the part that stops us trading; you do not need our cooperation for it. Sections 6, 9, 11, 14, 15, 16, 20 and 21 survive termination.

Suspension and termination

We may suspend or terminate your access, in whole or in part, with or without notice, if we reasonably believe that:

• you have breached these terms;
• you are not eligible under section 3, or your use exposes us to legal, regulatory or sanctions risk;
• your account is being used fraudulently, unlawfully, or to manipulate a market;
• continuing would risk harm to you, to other customers, or to the service; or
• we are required to by law, by a regulator, or by a court.

We may also discontinue the service, or any part of it, on 30 days' notice.

Suspension stops copying. It does not close your positions, and it does not put us in charge of them. Your positions remain yours to manage, and you should assume you must manage them yourself from that moment.

No warranty

The service is provided "as is" and "as available". To the fullest extent permitted by law we exclude all warranties, conditions and representations, whether express or implied, including any implied warranty of merchantability, fitness for a particular purpose, non-infringement, accuracy, or uninterrupted or error-free operation.

We do not warrant that copying will be timely, complete, accurate or profitable, that the service will be available at any particular time, or that defects will be corrected.

Nothing in these terms excludes liability that cannot lawfully be excluded, including for death or personal injury caused by negligence, or for fraud or fraudulent misrepresentation.

Limitation of liability

To the fullest extent permitted by law, we are not liable for:

• trading losses of any kind, including losses caused by a trade being copied, not copied, copied late, copied at a different price, or copied in a size you did not expect;
• liquidation of your positions;
• the acts, omissions, performance or solvency of any trader you follow;
• the acts, omissions, downtime, rule changes or failure of Hyperliquid or any other third party;
• loss of profit, revenue, anticipated savings, opportunity, goodwill or data; or
• any indirect, special, incidental, consequential or punitive loss.

Where we are liable, our total aggregate liability arising out of or in connection with these terms and the service, in contract, tort (including negligence), breach of statutory duty or otherwise, is limited to the total fees you paid us in the three months before the claim arose.

This section allocates risk between us and is reflected in our fee. You accept that the fee we charge would be materially higher without it.

Indemnity

You will indemnify us and our officers, employees and agents against any claim, liability, loss, cost or expense (including reasonable legal fees) arising from your breach of these terms, your misuse of the service, your breach of any law or third-party right, or any tax you were required to pay.

Changes

We may change these terms. Where a change is material and adverse to you, we will give you 14 days' notice, by email to the address you gave us and by a notice in the app, before it takes effect. Other changes take effect when published.

The date at the top of this page shows when it was last changed. If you keep using MirrorTrade after a change takes effect, you accept it. If you do not accept a change, stop using the service and revoke the agent key before the effective date.

We may also change, add to or remove features of the service, including traders available to follow.

Intellectual property

The service, the site, and everything in them other than your own data — the software, interface, text, graphics, marks and published records — belong to us or our licensors. You get a limited, revocable, non-exclusive, non-transferable licence to use them for their intended purpose.

You may not copy, resell, reverse-engineer, scrape, or use the service or its data to build a competing product, except where that restriction is unenforceable by law.

Privacy

This section is our privacy policy; there is no separate document to go and find. We process what we need to run the service and nothing else — wallet addresses, any contact details you give us, and technical logs. We do not collect identity documents, we do not sell or share your data, and we do not run advertising or third-party analytics on this site.

Activity on Hyperliquid is public by design. We cannot make an on-chain transaction private, and copying a trader necessarily creates a public on-chain record of your account doing so.

Governing law and disputes

These terms do not name a governing law or a court, and that is deliberate rather than an omission we are hoping you skip. The service is not incorporated anywhere yet (section 1), so choosing a country's law here would be a guess dressed up as a term. Where a dispute arises, the ordinary rules of the country whose courts are asked to hear it will decide which law applies.

We are telling you this because it cuts both ways: it means we have not picked a forum that is convenient for us and inconvenient for you, and it also means you have no pre-agreed forum to rely on. When the service is incorporated we will name both here, with the notice section 17 requires.

Before starting formal proceedings, please contact us — most disputes are resolved faster that way, and there is a person on the other end of support@mirrortrade.xyz.

Where you are a consumer, nothing here removes a right to bring proceedings in your country of residence, or any other mandatory protection the law of that country gives you.

General

Entire agreement. These terms, with any document they expressly incorporate, are the whole agreement between us about the service, and replace anything said or written before.

Severability. If a provision is unenforceable, it is severed and the rest continues.

No waiver. Not enforcing a right is not a waiver of it.

Assignment. You may not assign these terms without our written consent. We may assign them to an affiliate or to a successor of our business.

Force majeure. Neither party is liable for a failure caused by something outside its reasonable control, including protocol failure, exchange outage, network congestion, act of state, or a general failure of internet infrastructure.

No third-party rights. No one other than you and us may enforce these terms.

Notices. We may give notice to the email address on your account or by posting in the service. You give notice to us at the address in section 22.

Contact

Questions about these terms go to support@mirrortrade.xyz. Anything about your account, a fill or a fee goes to our contact page, which routes to a person rather than a queue.

There is no registered office to serve formal notice on (section 1). Until there is, send anything formal to support@mirrortrade.xyz and we will confirm receipt in writing.