The terms that govern your access to Obsidian Cipher.
Please read these Terms of Use ("Terms") carefully. By accessing or using Obsidian Cipher, you agree to be bound by these Terms. If you do not agree, do not use the Service.
"Obsidian," "Cipher," "we," "us," or "our" refers to the operator of the Service. "You" or "Subscriber" refers to the individual or entity accessing the Service. "Service" refers to Obsidian Cipher, a market visibility software application, together with its associated membership features, community access, and all related content. "Market Data" refers to any equities, options, index, or derivatives data displayed within the Service, which you supply through your own connected data provider. "Obsidian Eye" refers to the free Obsidian connector for Meta Muse described in Section 17, which is part of the Service and is additionally governed by that section.
The Service is an educational and informational market visibility software tool. We are not a broker-dealer, registered investment adviser, futures commission merchant, commodity trading adviser, exchange, clearing organization, or financial institution. Nothing displayed within the Service, in any associated content, or in any membership communication constitutes financial advice, investment advice, tax advice, a solicitation, or a recommendation to buy, sell, hold, or otherwise transact in any security, option, futures contract, or other financial instrument.
We do not provide trade signals, alerts, model portfolios, or personalized investment guidance of any kind. Any market commentary, observation, or discussion (whether in the software interface or in any associated community content) reflects only a personal educational perspective and must not be construed as advice, a directive, or a solicitation to take any action. You are solely responsible for all investment and trading decisions, strategies, position sizing, and outcomes.
TRADING SECURITIES AND DERIVATIVES (INCLUDING EQUITY OPTIONS, INDEX OPTIONS, FUTURES, AND LEVERAGED PRODUCTS) INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. YOU MAY SUSTAIN A TOTAL LOSS OF YOUR INITIAL INVESTMENT AND, IN CERTAIN CASES (INCLUDING SHORT SALES, UNCOVERED OPTIONS, AND MARGIN POSITIONS), LOSSES MAY EXCEED YOUR INITIAL INVESTMENT. OPTIONS CAN AND DO EXPIRE WORTHLESS.
PAST PERFORMANCE (WHETHER OF ANY DATA DISPLAY, EXAMPLE, STRATEGY, OR COMMENTARY) IS NOT INDICATIVE OF FUTURE RESULTS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN OR DISCUSSED. THERE IS NO GUARANTEE THAT ANY STRATEGY, METHOD, OR SYSTEM WILL PRODUCE PROFITS OR AVOID LOSSES.
Market Data and analytics displayed by the Service may be delayed, incomplete, inaccurate, or unavailable at any time without notice. The Service does not guarantee real-time delivery, and you should not rely on displayed data as the sole basis for any trading decision. By using the Service, you acknowledge that you understand the risks of trading and that you are financially able to bear such risks, including the complete loss of funds. You should consult with a qualified financial professional before making any investment decision.
The Service is designed to visualize market data that you supply through your own third-party data provider. You are responsible for obtaining and maintaining any required data subscription, entitlement, or API access from your provider, and for complying with that provider's terms of service.
Cipher Free data characteristics. Cipher Free is designed to use Alpaca Basic. Equity prices are current snapshots from the IEX exchange only and are not consolidated SIP or national best bid and offer prices. Free options data comes from Alpaca's Indicative Pricing Feed, not OPRA: indicative quotes are derived rather than actual OPRA quotes, options trades are delayed by at least fifteen minutes, and Cipher refreshes the exposure heatmap every fifteen minutes. Open interest and other fields follow the provider's publication schedule and may reflect prior-session information.
Alpaca is an independent third-party provider and is not affiliated with, sponsoring, or endorsing Obsidian or Cipher. Access to Cipher does not grant you any market-data license or expand the rights attached to your Alpaca account. Your use of Alpaca credentials and data remains subject to all applicable Alpaca, exchange, and data-provider agreements. Availability of a Cipher tier does not represent that Alpaca has approved your particular use.
ALL SUBSCRIPTION FEES ARE FINAL AND NON-REFUNDABLE. By subscribing to the Service, you acknowledge and agree that: (a) no refunds, credits, proration, or chargebacks will be issued under any circumstances, including dissatisfaction with the Service, failure to use the Service, cancellation before the end of a billing period, service interruptions, data unavailability, or changes to features or functionality; (b) you authorize recurring charges to your designated payment method at the applicable subscription rate until you cancel; and (c) cancellation takes effect at the end of the then-current billing period, and you will retain access until that period concludes.
If you believe a charge was made in error, you may contact us within seven (7) calendar days of the charge. We will review the matter in good faith but are under no obligation to issue any refund or credit. Initiating a chargeback or payment dispute without first contacting us constitutes a violation of these Terms and may result in immediate termination of your account. Where you forget to cancel your membership, you may submit a request through our payment provider within one (1) business day of renewal for a refund of that renewal.
Access to the Service is licensed to you personally and non-exclusively. This license is non-transferable, non-sublicensable, and revocable at our sole discretion. You may access the Service only through the authentication methods we provide (currently OAuth-based authentication). You agree not to perform, facilitate, or attempt any of the following:
We may monitor usage patterns, session data, and access logs to detect and enforce against prohibited conduct. Unauthorized redistribution, reproduction, reverse engineering, or competitive misuse may result in immediate termination of access without refund and may be pursued through civil and/or criminal legal proceedings to the fullest extent permitted by applicable law.
All software, source code, object code, interfaces, data visualizations, display methodologies, algorithms, data models, trade names, branding, logos, documentation, and all other content and materials associated with the Service are our exclusive intellectual property and are protected by applicable copyright, trademark, trade secret, patent, and other intellectual property laws. The "look and feel" of the Service (including its layout, presentation of data, color schemes, interaction design, and visual presentation) constitutes protectable trade dress.
No content, code, design element, or material may be copied, reproduced, distributed, modified, publicly displayed, or used for any commercial or competitive purpose without our prior written consent. All rights not expressly granted herein are reserved.
THE SERVICE IS A MARKET VISIBILITY AND EDUCATIONAL TOOL. WE MAKE NO REPRESENTATION, WARRANTY, OR GUARANTEE THAT USE OF THE SERVICE WILL RESULT IN PROFITABLE TRADES, IMPROVED TRADING PERFORMANCE, OR ANY PARTICULAR FINANCIAL OUTCOME.
Past performance displayed, discussed, or referenced within the Service or in any associated materials is not a guarantee or reliable indicator of future results. Market conditions, liquidity, execution on your own broker, slippage, and other factors may cause actual results to differ materially from any historical data or examples shown. Any testimonials, case studies, or performance examples are not representative of all users and should not be interpreted as a promise of similar results.
We will use commercially reasonable efforts to maintain the availability and performance of the Service. However, the Service is provided on an "as is, as available" basis, and we make no guarantee of uninterrupted availability, zero-latency data delivery, or error-free performance. Scheduled and unscheduled maintenance, infrastructure outages, third-party provider disruptions, API changes, or other technical events may cause degraded performance, delayed or missing data, or complete unavailability. We are not liable for any trading losses, missed opportunities, or damages resulting from downtime, data inaccuracies, latency, or service interruptions. Third-party data providers may change their terms, entitlements, or availability at any time, and we cannot guarantee continuity of all data features.
We may suspend or terminate your access at any time, with or without notice, for any reason, including if we believe you have violated these Terms, engaged in abuse, attempted to circumvent access controls, or shared your credentials. You may discontinue use of the Service at any time by canceling your subscription. Upon termination for any reason: (a) your license to use the Service is immediately revoked; (b) no refund, credit, or proration of fees will be issued; and (c) you must immediately cease all use of the Service. Provisions that by their nature should survive termination will survive, including Sections 2, 3, 4, 5, 6, 7, 8, 11, 12, 13, and 17.
THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, TIMELINESS, COMPLETENESS, OR NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED, SECURE, OR ERROR-FREE, OR THAT ANY DATA DISPLAYED WILL BE ACCURATE OR COMPLETE.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, WE AND OUR OWNERS, OFFICERS, EMPLOYEES, CONTRACTORS, AND AGENTS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING TRADING LOSSES, LOST PROFITS, LOST DATA, BUSINESS INTERRUPTION, OR COST OF SUBSTITUTE SERVICES, ARISING FROM OR RELATED TO YOUR USE OF OR INABILITY TO USE THE SERVICE, ANY DATA OR CONTENT PROVIDED THROUGH THE SERVICE, OR ANY ACTION OR INACTION TAKEN IN RELIANCE ON THE SERVICE, WHETHER BASED ON WARRANTY, CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR ANY OTHER LEGAL THEORY, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
IN NO EVENT SHALL OUR TOTAL AGGREGATE LIABILITY TO YOU FOR ALL CLAIMS ARISING FROM OR RELATED TO THE SERVICE EXCEED THE TOTAL AMOUNT OF SUBSCRIPTION FEES PAID BY YOU TO US IN THE THREE (3) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES, SO SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.
You agree to indemnify, defend, and hold us harmless, along with our affiliates, owners, officers, employees, contractors, and agents, from and against any and all claims, liabilities, damages, losses, costs, or expenses (including reasonable attorneys' fees) arising from or related to: (a) your use of the Service; (b) your violation of these Terms; (c) your trading activities, investment decisions, or financial outcomes; (d) your violation of any applicable law, regulation, or third-party right; or (e) any unauthorized use of your account.
These Terms shall be governed by and construed in accordance with applicable law, without regard to conflict of law principles. Any dispute arising from or relating to these Terms or the Service shall be resolved exclusively through binding arbitration. You agree to waive any right to a jury trial or to participate in a class action, class arbitration, or representative proceeding. Notwithstanding the foregoing, we may seek injunctive or other equitable relief in any court of competent jurisdiction to protect our intellectual property rights or to enforce the prohibited conduct provisions of these Terms.
If any provision of these Terms is held to be invalid, illegal, or unenforceable, such provision shall be modified to the minimum extent necessary to make it enforceable, or if modification is not possible, severed from these Terms. The remaining provisions shall continue in full force and effect.
These Terms, together with any policies referenced herein, constitute the entire agreement between you and us with respect to the Service and supersede all prior or contemporaneous agreements, representations, or understandings, whether written or oral.
We may update these Terms at any time at our sole discretion. Updated Terms will be posted and accessible within the Service. Continued use of the Service following any update constitutes your acceptance of the revised Terms. If you do not agree to the revised Terms, your sole remedy is to discontinue use of the Service.
Obsidian Eye is a free artificial intelligence connector published by Obsidian for use inside Meta Muse. Obsidian Eye accepts a chart image that you supply, returns an automated technical description of that image, and stores that read in a library on your account. This Section 17 applies in addition to, and not instead of, the remainder of these Terms. Where this Section 17 conflicts with another section with respect to Obsidian Eye, this Section 17 controls.
17.1 Automated analysis, not advice. Obsidian Eye is an educational and informational technical analysis tool. Obsidian Eye is not a broker-dealer, registered investment adviser, futures commission merchant, commodity trading adviser, or financial institution, and Obsidian Eye does not provide financial advice, investment advice, tax advice, a solicitation, or a recommendation to buy, sell, hold, or otherwise transact in any security, option, or other financial instrument. Obsidian Eye does not know your account, holdings, financial circumstances, risk tolerance, time horizon, or objectives, and no Obsidian Eye output is personalised to you. You are solely responsible for every trading and investment decision you make.
17.2 Output is machine generated and may be wrong. Obsidian Eye interprets images using artificial intelligence models. Automated image interpretation can misread an axis, a price scale, a timeframe, a symbol, a cropped or low resolution image, or an unfamiliar chart style, and can produce output that is incomplete, inconsistent, or factually incorrect. Obsidian Eye output is a description of what a model believes an image shows, and is not a statement of fact, a prediction, or a guarantee. You must independently verify any Obsidian Eye output before relying on it for any purpose.
OBSIDIAN EYE IS PROVIDED FREE OF CHARGE, "AS IS" AND "AS AVAILABLE," WITHOUT WARRANTY OF ANY KIND. WE MAKE NO REPRESENTATION OR WARRANTY AS TO THE ACCURACY, RELIABILITY, COMPLETENESS, TIMELINESS, OR AVAILABILITY OF ANY OBSIDIAN EYE OUTPUT OR SAVED READ, AND WE DISCLAIM ALL LIABILITY FOR ANY TRADING LOSS, MISSED OPPORTUNITY, OR OTHER DAMAGE ARISING FROM YOUR USE OF OR RELIANCE ON OBSIDIAN EYE.
17.3 No account access and no order placement. Obsidian Eye holds no brokerage connection, requests no brokerage credentials, and has no ability to place, modify, or cancel an order. Obsidian Eye cannot access your positions, balances, or trading history. Every order you place remains an action you take yourself through your own broker.
17.4 No market data distribution. Obsidian Eye analyses the image you provide. Obsidian Eye does not display, stream, redistribute, resell, or otherwise make available any exchange market data, real-time quotes, or licensed data feed. Where you supply an image containing data obtained from a third party, you are responsible for complying with that third party's terms.
17.5 Saved reads. Saved reads are a convenience feature offered on a best-efforts basis. We do not guarantee that a saved read will be retained or that it will be available at any particular time. Obsidian Eye does not monitor the market, does not watch a price level on your behalf, and does not notify you of any market event. You must not rely on Obsidian Eye as a monitoring, surveillance, or risk management system, and you remain responsible for monitoring your own positions.
17.6 Meta Muse is an independent third party. Meta Platforms, Inc. and Meta Muse are independent third parties and are not affiliated with, sponsoring, or endorsing Obsidian, Cipher, or Obsidian Eye. Your use of Meta Muse is governed by Meta's own terms and privacy policy. Connection, permissions, approvals, and revocation are controlled by you inside Meta Muse, and you may disconnect Obsidian Eye at any time. We are not responsible for the availability, security, or conduct of Meta Muse, and a change to the Meta Muse connector platform may alter or end Obsidian Eye availability without notice.
17.7 Eligibility and availability. Obsidian Eye is intended for individuals aged eighteen (18) or older. Obsidian Eye is offered free of charge, and we may modify, suspend, limit, introduce charges for, or discontinue Obsidian Eye at any time, in whole or in part, without notice and without liability. Availability of an Obsidian Eye feature at any time does not create an obligation to continue providing it.
17.8 Acceptable use. You agree not to use Obsidian Eye to submit content you have no right to submit, to attempt to extract the underlying model, prompts, or system instructions, to submit automated or bulk requests, to resell or republish Obsidian Eye output as your own analytical product, or to present Obsidian Eye output to any other person as financial advice or as a trade recommendation.
17.9 Accounts and email addresses. An Obsidian Eye account is created from an email address alone, and we do not verify that address at the time of creation. You agree to supply only an email address you control, and you must not create an account using another person's address. Because an unverified address is not treated as proof of identity, an account created with an address you cannot receive mail at may not be recoverable by you, and an account created with your address by another person does not give that person access to your account. We may limit the number of accounts created from one network connection, and we may suspend or remove an account created in breach of this Section 17.9.
17.10 Connector tokens. Connecting Obsidian Eye to Meta Muse issues a connector token to your account, which you supply to Meta Muse through the secure credential screen Meta Muse opens. A connector token is confidential and functions as a password: you agree not to disclose a token to any other person, not to post a token in any conversation, screenshot, or public location, and anyone who obtains a token may be able to use your account and your daily allowance. A token does not expire, and you are responsible for activity conducted through a token issued to your account until you revoke it. You may revoke every token at any time from your Obsidian Eye account page, and you may disconnect Obsidian Eye at any time inside Meta Muse.
For questions regarding these Terms, please contact us at support@accessobsidian.com.