Effective Date: August 7, 2026 | Last Updated: October 15, 2026
FjordPath, Inc. dba ClearEdge Automation
You must read and accept this agreement before activating the Echo feature.
Echo and Copy trading are separate features with separate terms. Echo is a trading pad: you press Buy, Sell or Flatten once and every account carrying that Echo signal takes the trade. Copy trading replicates the trades you place by hand on a leader account into your other accounts, and is governed by the Copy Trading — Disclosure & User Agreement. This Agreement governs Echo.
CRITICAL WARNING: The Echo feature replicates your trades simultaneously across multiple brokerage and/or prop firm accounts. A single trade error, software malfunction, or signal misfire can result in simultaneous losses across ALL connected accounts. Your total financial exposure is multiplied by the number of accounts you connect. Ensure you fully understand these risks before proceeding.
This Echo Feature Disclosure and User Agreement (the "Agreement") is entered into between you (the "User") and FjordPath, Inc., doing business as ClearEdge Automation (the "Company"). By clicking "I Agree" or activating the Echo feature, you agree to be bound by this Agreement.
1. Description of the Echo Feature
The Echo feature is a multi-account trade replication tool within the ClearEdge Automation platform. When enabled, a trade signal executed from your primary ClearEdge dashboard is simultaneously routed to one or more additional brokerage or proprietary trading firm accounts that you have connected and configured as Mirrored Accounts. The Echo feature is designed solely for users managing multiple accounts of their own and is not intended for use as a signal-sharing service for third parties.
2. Amplified Financial Risk
You acknowledge and understand that the Echo feature creates a multiplied financial risk profile distinct from single-account trading. Specifically:
2a. Proportional Loss Replication
Any trade that results in a loss in your primary account will, by design, result in similar losses across all Mirrored Accounts. The aggregate loss across all accounts may be substantially larger than a loss in any individual account. You represent that you have the financial capacity and risk tolerance to sustain simultaneous losses across all accounts you connect to Echo.
2b. Compounding Error Risk
Any software error, signal misfire, connectivity failure, or broker-side execution issue will be replicated across all Mirrored Accounts. The consequences of any such error are therefore multiplied. ClearEdge Automation is not liable for losses resulting from such errors across any number of Mirrored Accounts.
2c. Inconsistent Execution
ClearEdge Automation does not guarantee that all Mirrored Accounts will receive, execute, or fill trade signals simultaneously or at the same price. Differences in broker infrastructure, latency, margin availability, and account-specific settings may result in inconsistent execution across Mirrored Accounts. This may result in some accounts having open positions while others do not, creating unintended risk imbalances.
3. Proprietary Trading Firm (Prop Firm) Account Risks
Special Warning for Prop Firm Account Users: Connecting a prop firm account to Echo carries severe account-specific risks, including the potential loss of your evaluation status or funded account. Read this section carefully.
If you connect any proprietary trading firm ("prop firm") account to the Echo feature as a Mirrored Account, you expressly acknowledge the following:
3a. Prop Firm Rule Compliance
Prop firm accounts are subject to strict and firm-specific trading rules, including but not limited to:
Maximum daily loss limits;
Maximum trailing drawdown limits;
Position size restrictions;
Prohibited trading instruments or hours;
Consistency rules (limitations on outsized winning or losing days).
Hedging rules
ClearEdge Automation has no access to, and does not monitor, the specific rules applicable to your prop firm account(s). The per-account limits available within the Service are values you set yourself; they are not derived from, and do not reflect, your prop firm's rules. It is your sole responsibility to ensure that every trade replicated via Echo complies with the applicable prop firm's rules.
3b. Account Disqualification Risk
A trade replicated to a prop firm account that violates that firm's rules may result in:
Immediate disqualification from a prop firm evaluation;
Termination of a funded account;
Loss of all fees paid to the prop firm;
Loss of any potential gains within the account;
Potential permanent ban from the prop firm platform.
ClearEdge Automation bears no liability for prop firm account disqualifications or terminations resulting from Echo usage. The risk of losing prop firm accounts is expressly assumed by you.
3c. Multiple Prop Firm Account Loss
If you connect multiple prop firm accounts to Echo, it is foreseeable that a single trade could simultaneously disqualify or terminate all connected prop firm accounts. You acknowledge this risk and agree that ClearEdge Automation bears no responsibility for such outcomes.
4. User Responsibilities
By enabling the Echo feature, you agree to:
Conduct thorough due diligence on the trading rules of each prop firm or broker account you connect before activating Echo.
Configure appropriate position sizing, lot scaling, and risk parameters independently for each Mirrored Account.
Monitor all connected accounts in real time during active trading sessions, particularly during periods of market volatility, major news events, or contract roll periods.
Disconnect any Mirrored Account from Echo if you become aware of a conflict with that account's trading rules.
Immediately disable the Echo feature and manually review all positions if you experience any software issues, signal errors, or unexpected trade behavior.
Run each connected account in one place at a time. Running the same broker account in the desktop application and in the ClearEdge console simultaneously will cause both to act on the same signal, producing duplicate orders and positions larger than you intended.
End an Echo session when you have finished. If the pad still holds a position, close it as part of ending the session, and verify at your broker that it is flat.
Treat your broker's statements, rather than the Service's journal or reporting, as the record of your positions and account activity across all Mirrored Accounts.
5. Position State, Built-in Limits, and Their Boundaries
The Service records closed trades in its journal and can enforce per-account limits that you configure, including a daily loss limit, a profit target, and a cap on open positions. These are a safeguard; they are not a guarantee, and they do not make Echo a supervised or risk-managed service. You acknowledge that:
Echo itself routes signals in one direction. It does not confirm back to you that a signal was successfully received, executed, or filled in any individual Mirrored Account.
The position shown on the Echo pad reflects what you have sent, not what any individual account holds. A Max Position setting caps the pad, not your aggregate exposure.
The Service's limits are applied per account using the values you set. They do not aggregate exposure across Mirrored Accounts, and they do not reflect your broker's or prop firm's own drawdown, margin, or consistency rules.
No limit can be enforced while the Service is restarting, updating, disconnected from a broker, or otherwise unavailable, nor where a broker rejects or delays an instruction. Echo requires your service to be running; presses made while it is not running may not reach any account.
The Service does not prevent duplicate, conflicting, or erroneous orders from being routed to Mirrored Accounts.
Journal entries, statistics, and P&L reporting are provided for your convenience and may be incomplete or delayed.
You remain solely responsible for maintaining awareness of position states across all connected accounts, and for keeping your broker's or prop firm's own risk controls configured as an independent backstop.
6. Limitation of Liability
To the fullest extent permitted by law, FjordPath, Inc., its affiliates, and its employees shall not be liable for any direct, indirect, incidental, consequential, or punitive damages arising from your use of the Echo feature, including but not limited to:
Simultaneous trading losses across multiple Mirrored Accounts;
Loss of prop firm evaluation or funded account status;
Execution failures, duplicate orders, or signal misfires replicated across Mirrored Accounts;
Any failure of a built-in limit to prevent a loss, for any reason;
Your failure to monitor Mirrored Accounts or configure appropriate risk parameters.
The Company's total liability to you in connection with the Echo feature shall not exceed the amount you have paid for your ClearEdge Automation subscription in the three (3) months preceding the event giving rise to liability.
7. Hold Harmless and Indemnification
You agree to indemnify, defend, and hold harmless FjordPath, Inc., its officers, directors, employees, agents, and affiliates from and against any claims, losses, damages, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or related to your use of the Echo feature, including losses sustained across Mirrored Accounts, prop firm account disqualifications, and any third-party claims related to your multi-account trading activity.
8. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware.
9. Acknowledgment and Acceptance
By activating the Echo feature, you confirm that:
You have read and understood this Echo Feature Disclosure and User Agreement in its entirety;
You understand that losses will be replicated across all Mirrored Accounts and that your total financial exposure is multiplied;
You have reviewed and understand the specific trading rules of each prop firm or brokerage account you are connecting as a Mirrored Account;
You understand that the Service's built-in limits are a safeguard and not a guarantee;
You accept sole responsibility for monitoring all connected accounts during active Echo sessions;
You are 18 years of age or older and legally capable of entering into this Agreement; and
You agree to be bound by this Agreement and the ClearEdge Automation Important Disclosures, Privacy Policy, and Terms of Service.