Terms of Service

Alfred Investments ("Alfred", "we") is a software service that publishes rules-based model portfolios ("managers"), each with a written rulebook and a public decision log, and lets you mirror a manager's holdings in a brokerage account that you own and control.

Alfred is non-discretionary. Alfred never holds your money, never holds your securities, and never places an order without your explicit approval of that specific order. Managers propose; you decide. Every proposal shows the amount, the security and the reason before you act on it, and you may decline any proposal, stop any manager, or disconnect your brokerage at any time.

Alfred is not a bank, broker, custodian, investment adviser or portfolio manager, and does not hold a licence to provide personal financial advice. Nothing on the site — no manager, proposal, chat reply, ranking, backtest or record — is investment advice or a recommendation to you personally. See the Risk Disclosure.

You must be at least 18 and legally able to open and operate a brokerage account in your jurisdiction. You are responsible for the accuracy of what you enter, for keeping your login secure, and for everything done through your account. One person, one account.

A practice ("demo") brokerage is available with simulated money. It simulates fills at real market prices but buys nothing; its results are illustrative only.

To mirror a manager in a real account you connect a brokerage you already hold (for example eToro, or a brokerage supported through SnapTrade). Your relationship with that brokerage — its terms, fees, execution, account protection and tax reporting — is between you and the brokerage. Alfred is not party to it.

Any API key or token you give us is stored encrypted and used only to read your account and to place the orders you have approved. We never use it for any other purpose, and we never place an order on a key you have not connected yourself. A key marked by the brokerage as "virtual" or "paper" is treated as practice money and can never place a real order through Alfred.

You may revoke a key at the brokerage at any time; doing so ends Alfred's ability to act on that account immediately.

A manager's proposal is a list of orders sized to the amount you delegated to it. Orders are placed with your brokerage only after you approve the batch, in the order and at the market prices then available. Fills may differ from the proposal in price, timing and quantity; some orders may be declined by the brokerage (for example for insufficient funds or an unavailable security). Alfred records what happened and shows it to you; it does not retry an order you did not approve.

Alfred does not guarantee that your account will track a manager exactly. Tracking differences arise from brokerage minimums, rounding, fees, timing and your own trades in the same account, and are shown, not hidden.

The practice account is free, for any number of managers. Mirroring managers in a brokerage account you connect, virtual or real, requires Alfred Pro: one subscription at the price shown on the pricing page at the time you subscribe, covering any number of managers on any number of connected accounts. On the website it is billed through Stripe; in the iPhone app it is an auto-renewable subscription billed through the App Store, at the same price. A subscription bought on either is honoured on both. You choose whether it bills monthly or every six months; the entitlement is identical either way. Cancelling — from the billing portal, or for an App Store subscription from your iPhone's Settings › Apple Account › Subscriptions — stops billing at the end of the paid period and stops execution, but never touches the holdings in your brokerage account — they are yours and remain where they are.

Brokerage commissions, spreads, taxes and any other charges levied by your brokerage or your government are separate, are yours, and are shown in Alfred where the brokerage reports them.

Manager rulebooks, decision logs, backtests and live records are published so that you can audit them. They are provided honestly and to the best of our ability; they are not warranties of future results. Backtests are simulations with the limitations described on the transparency page.

"Ask your manager" answers are generated by an AI language model from the manager's log and your own mirrored holdings. They explain decisions already made; they are not advice, may contain errors, and are logged for transparency.

Do not use Alfred to break any law or your brokerage's terms, to connect an account you are not entitled to operate, to probe or overload the service, or to copy the managers' rulebooks and records into a competing service. We may suspend an account that does.

We aim to keep Alfred available but do not promise uninterrupted service. Market data, brokerage APIs and third-party services can fail or change; when they do, Alfred pauses the affected manager rather than act on bad data, and says so in the log. We may change or retire managers, features and prices; material changes to these terms or to prices will be announced on the site or by email before they take effect.

You alone decide whether to approve any order. To the fullest extent the law allows, Alfred is not liable for investment losses, for the acts or omissions of your brokerage, for market or data outages, or for indirect or consequential loss. Our total liability to you for any claim is limited to the fees you paid to Alfred in the twelve months before the claim. Nothing in these terms limits liability that cannot be limited by law.

You may close your account at any time, from Settings in the app — no request to us and no reason needed. Your managers stop at once, anything awaiting your approval is withdrawn, and any subscription is cancelled. Fourteen days later your account, keys and analytics identity are deleted as described in the Privacy Policy; sign in before then and one tap keeps the account. If you would rather we did it, email ijaz529@gmail.com.

Closing your Alfred account does not move, sell or withdraw any money. We never hold it: your cash and positions sit in your own brokerage account throughout, and they stay exactly as they are. Selling up or closing that account is between you and your broker.

We may end the agreement on notice, or immediately for breach.

These terms are governed by the law of [governing law and courts — to be confirmed], and disputes are subject to its courts. The service is operated by [legal entity name and registration — to be confirmed].