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SGA Spreads

Terms of Service

Effective: October 12, 2026  ·  Version 2026-10-12-v5

1. About the Service

SGAOptions Trader, also presented as SGA Spreads (the “Service”), is market-analysis and strategy-automation software published by Smart Growth Assets Inc., a Wyoming corporation doing business as SGA Trader (“we,” “us,” “our”). SGA Trader is a product of Smart Growth Assets Inc.

The Service provides options analytics, alerts and risk-monitoring tools. Registered members may also enable an optional automated-execution feature: on the member’s explicit authorization, the Service places orders in the member’s own connected brokerage account that replicate the trades of a single model strategy that we run in our own account, sized according to the multiplier the member selects. The model strategy is identical for every member. Paid plans are offered; access requires an account, acceptance of these Terms, and remains subject to approval, limits or refusal at our discretion.

2. Eligibility & Authorization

You must be at least 18 years of age and legally capable of entering into a binding agreement. By connecting a brokerage account through the Service, you represent that:

  • You are the lawful owner of the brokerage account you connect.
  • You have the authority to authorize the Service to place orders in that account.
  • You understand that, if you enable automated execution, the Service will place trades in your account at your direction based on the model strategy’s activity.
  • You have read, understand, and accept the risks described in Section 5.

3. Publisher, Not Adviser

The service is impersonal, general-circulation software and market analysis. Smart Growth Assets Inc. is not a registered investment adviser, commodity trading advisor, or broker-dealer, and nothing provided is a recommendation tailored to your circumstances. You decide whether to trade and you place or authorise your own orders in your own brokerage account. Refunds and cancellation: see https://sgatrader.com/refunds.

The Service does not provide personalized investment advice. The model strategy reflects our own trading decisions for our own account. It is not tailored to your specific financial situation, risk tolerance, investment objectives, or tax circumstances. We are not registered as an investment adviser, commodity trading advisor, broker-dealer, financial planner, or tax adviser, and we do not hold customer funds. Nothing communicated through the Service should be construed as a recommendation to buy, sell, or hold any security.

You are solely responsible for evaluating whether automated execution, and any trade it places, is suitable for you, your account, and your financial situation. Past performance, actual or simulated, is not indicative of future results. Performance figures shown in the Service are labelled by source — BACKTEST (hypothetical), PAPER (simulated fills), or LIVE — SGA’s own account, not yours.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

4. Automated Execution Authorization

By connecting a brokerage account and explicitly enabling automated execution, you grant the Service authority to:

  • Read your account balances, positions, order history, and account status.
  • Place option spread, iron condor, single-leg option, and equity orders that replicate the model strategy’s orders, sized automatically based on your account equity and chosen multiplier.
  • Cancel and close those positions when the model strategy exits, or when the risk-management rules you have enabled trigger.

Paper first. New broker connections are created in paper (simulated) mode. Every account begins with a 14-day paper-trading safety period so you can observe the software’s behaviour with simulated fills before any real money is involved. It is a safety period, not a risk-free trial and not a guarantee of future results. Live (real-money) trading on a connected account requires a separate, explicit per-account enablement.

You may revoke this authorization at any time by disconnecting the broker on the Connections page or by revoking the OAuth grant directly with your broker. Revocation takes effect immediately and stops further automated orders.

5. Risk Disclosure

Trading options carries substantial risk of loss and is not suitable for every investor. Multi-leg option strategies, including credit spreads and iron condors, can lose more than the initial credit collected. The maximum loss on a defined-risk spread is the spread width minus the credit received, multiplied by 100 per contract, multiplied by the number of contracts. You can lose 100% of capital allocated to a position.

Specific risks of using the Service include, without limitation:

  • Execution risk: replicated orders may fill at materially different prices than the model strategy’s orders due to latency, market depth differences, or routing differences.
  • Sizing risk: automatic sizing based on your account equity may produce quantities that, in unfavorable conditions, exceed the buying power, margin, or risk tolerance you intended.
  • Strategy risk: the model strategy may change, perform poorly, or experience prolonged drawdowns. We are under no obligation to continue running it or to maintain any particular style.
  • Service risk: the Service may be unavailable, delayed, or fail entirely. We do not guarantee uptime, fill quality, or accuracy of replicated trades.
  • Token risk: if your broker OAuth token is revoked, expires, or becomes invalid, automated execution will stop for your account without notice. You are responsible for monitoring your account.
  • Account-level risks at the broker: margin calls, pattern day trading restrictions, exercise/assignment of options, early assignment, and corporate actions are governed by your brokerage agreement with your broker, not by us.

You acknowledge that you may lose all funds in any account you connect. Do not connect funds you cannot afford to lose.

6. No Guarantee; Disclaimer of Warranties

THE SERVICE IS 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, NON-INFRINGEMENT, ACCURACY, RELIABILITY, OR THAT THE SERVICE WILL OPERATE UNINTERRUPTED OR ERROR-FREE. We do not warrant that replicated trades will be profitable or will execute as expected.

7. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL SMART GROWTH ASSETS INC., ITS PRINCIPALS, EMPLOYEES, OR AGENTS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUES, TRADING LOSSES, DATA, OR BUSINESS, ARISING OUT OF OR RELATING TO YOUR USE OF OR INABILITY TO USE THE SERVICE, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. OUR TOTAL CUMULATIVE LIABILITY WILL NOT EXCEED THE GREATER OF (a) ONE HUNDRED U.S. DOLLARS ($100) OR (b) THE FEES YOU PAID US IN THE TWELVE MONTHS PRECEDING THE CLAIM.

8. Indemnification

You agree to indemnify and hold harmless Smart Growth Assets Inc., its principals, employees, and agents from any claim, demand, or damages arising out of (a) your use of the Service, (b) trades placed in your brokerage account, (c) your breach of these Terms, or (d) your violation of any law or third-party right.

9. No Fiduciary Duty

Nothing in your use of the Service creates a fiduciary, advisory, brokerage, or agency relationship between you and Smart Growth Assets Inc. We do not exercise discretionary authority over your account beyond placing orders that replicate the model strategy, as you have specifically authorized.

10. Tax

All trades placed in your brokerage account are reported to you and to the IRS by your broker on Form 1099-B. You are solely responsible for any tax consequences, including short-term capital gains, wash sales, and Section 1256 contracts where applicable. We do not provide tax advice.

11. Fees, Cancellation & Refunds

Subscription fees, cancellation and refunds are governed by our refund policy at https://sgatrader.com/refunds. You may cancel at any time; cancelling stops future billing.

12. Termination

We may suspend or terminate your access to the Service at any time, with or without notice, for any reason, including breach of these Terms or any sign of unauthorized use. You may stop using the Service at any time by disconnecting all broker connections and discontinuing access.

13. Changes to These Terms

We may update these Terms. The current version is shown by its effective date and version string at the top of this page. Material changes will require you to re-accept the updated Terms before continuing to use the Service.

14. Governing Law & Disputes

These Terms are governed by the laws of the State of Wyoming, without regard to its conflict-of-laws principles. Any dispute arising out of or relating to these Terms or the Service will be resolved by binding arbitration administered by the American Arbitration Association (AAA), seated in Wyoming, on an individual basis. You waive any right to participate in a class action.

15. Contact

Smart Growth Assets Inc. d/b/a SGA Trader, 30 N Gould St, Ste N, Sheridan, WY 82801 · (253) 999-9087 · [email protected]. You can also reach us through our Contact us page.