Terms of Service, Privacy Policy & Risk Disclosure

Operated by Modevas FZC • Last updated: 24 September 2026

DRAFT for owner review — not legal advice. Have a qualified lawyer review before publishing.

Read this first. WHY Trading Bot places leveraged derivatives orders in your Yellow account on your behalf. Trading leveraged derivatives carries a high risk of loss, up to and including your entire balance. You use WHY entirely at your own risk. Nothing here is financial advice.

1. What WHY is (and is not) 2. Your API keys and permissions 3. How we store your credentials 4. Privacy — what we collect and why 5. Risk disclosure 6. No warranty & limitation of liability 7. Your responsibilities 8. Disconnection & termination 9. Changes & contact

1. What WHY is (and is not)

WHY Trading Bot ("WHY", "we", "us") is a product operated by Modevas FZC, a company registered in the United Arab Emirates. It is software that connects to your account on the Yellow exchange ("Yellow") through an API key you provide, and places trades according to its automated strategy.

WHY is non-custodial. Your funds stay in your Yellow account at all times. We never hold, receive, or move your money.
WHY is not a broker, exchange, custodian, or investment adviser, and is not registered as any of these. We do not provide financial, investment, legal, or tax advice.
WHY is independent of Yellow. Yellow is a third party we integrate with; we do not control it and are not responsible for its availability, pricing, execution, or conduct.

2. Your API keys and permissions

To let WHY trade for you, you create an API key inside Yellow and paste it into WHY.

You must create a dedicated API key for WHY with trading and read permissions only.
Withdrawal and transfer permissions must be disabled. A key that can withdraw or transfer funds is rejected automatically, and there is no override. This is a safety limit, not a guarantee.
Because Yellow does not always expose a key's permissions to us, in some cases WHY cannot automatically confirm that withdrawal is disabled. In those cases your account stays in Pending Yellow verification and will not trade until the permissions are confirmed.
You are solely responsible for the permissions on the key you provide. Setting the correct permissions on Yellow is your action, on Yellow's platform, which we do not control.

3. How we store your credentials

Your API key and secret are transmitted once over an encrypted (HTTPS) connection.
They are stored in an encrypted server-side secrets vault (Supabase Vault, using authenticated encryption). Our application database stores only a masked identifier, never the plaintext secret.
After setup the secret is never redisplayed. Nothing in the dashboard can retrieve it; you will only ever see a masked form such as xxxx••••xxxx.
When you disconnect, the stored credential is deleted.
No security measure is perfect. We take reasonable steps to protect your data but cannot guarantee absolute security.

4. Privacy — what we collect and why

We collect the minimum needed to run the service:

Your email address — to create and secure your account and send account-related email (for example, email confirmation).
Your Yellow API credentials — stored encrypted as described above, used only to read your account and place the trades WHY is configured to place.
Your trading settings and activity within WHY — such as position size, status, and the orders WHY generates, so the service can operate and show you your history.

We do not sell your personal data. We share data only with the infrastructure providers needed to run the service (for example our hosting, database, and email-delivery providers), and only as needed to provide it. Account-confirmation and other transactional emails may be delivered through a third-party email provider on our behalf.

5. Risk disclosure

Trading leveraged derivatives (perpetual futures) is high risk. You can lose some or all of your balance, and losses can happen rapidly.
Automated strategies can and do lose money. Past performance does not indicate future results. No profit is promised, implied, or guaranteed.
Software, networks, and exchanges can fail, lag, or behave unexpectedly. Orders may be delayed, missed, duplicated, partially filled, or filled at prices worse than expected.
Only trade with money you can afford to lose entirely. If you do not fully understand these risks, do not use WHY.

6. No warranty & limitation of liability

The service is provided "as is" and "as available", without warranties of any kind, express or implied, including merchantability, fitness for a particular purpose, and non-infringement. We do not warrant that WHY will be uninterrupted, error-free, secure, or profitable.

To the maximum extent permitted by law, WHY, Modevas FZC, and their directors, officers, and agents are not liable for any trading losses or for any indirect, incidental, special, consequential, or exemplary damages arising from your use of the service — including losses caused by strategy performance, software errors or downtime, exchange or network failures, delayed or failed orders, or unauthorized access to your account or keys. You accept full responsibility for every trade placed through your connected account.

Some jurisdictions do not allow certain limitations; where that applies, the limitations apply to the fullest extent permitted.

7. Your responsibilities

You are of legal age and permitted to trade derivatives where you live, and using WHY does not break any law or rule that applies to you.
You set the correct, trade-only permissions on your Yellow API key and keep your account credentials secure.
You understand the strategy trades on your behalf and you monitor your account. You can pause or disconnect at any time.
You are responsible for any taxes on your trading.

8. Disconnection & termination

You can pause WHY (stops new entries; existing positions keep being managed) or disconnect at any time. Disconnecting deletes the stored credential and stops management, but does not close open positions — any open positions remain in your Yellow account and are no longer managed by WHY, with no target or stop from us. Closing or managing them after disconnection is your responsibility. We may suspend or end the service at any time.

9. Changes & contact

We may update these terms; material changes will be reflected by the "last updated" date above, and continued use after a change means you accept it. Questions about these terms or your data can be sent to support@whytradingbot.com.

WHY Trading Bot is operated by Modevas FZC (United Arab Emirates). This document is a draft template and does not constitute legal advice. The registered address, governing law, and jurisdiction must be completed, and the whole document reviewed by a qualified lawyer, before it is relied upon.