Terms of Service

§ 1 Scope

These Terms govern the use of the services provided via wavg.de (the "Service") by consumers ("User"). The Service is not offered to businesses. The provider is Jonas Rösch, Hauptstraße 154, 77876 Kappelrodeck, Germany (the "Provider").

§ 2 Description of Service

WAVG provides a web-based platform with market data, metrics, indicators, analyses and notifications — including CFTC Commitments of Traders data, fundamental ratings for listed companies, CTA positioning, dark pool volumes, congressional, insider, lobbying and institutional (13F) disclosures, an economic calendar and market news. The content is provided solely for information and educational purposes and does not constitute investment advice (see Disclaimer). The specific scope of features depends on the chosen plan (e.g. Free, Pro, Elite).

§ 3 Contract Formation / Registration

Use of paid features requires a user account and a subscription. The User is obliged to provide accurate information and to keep their access credentials confidential.

§ 3a How the Contract is Concluded

(1) The User selects a plan and is taken to an order page that summarises the service, the total price including VAT, the term and the renewal conditions. Entries can be corrected there at any time before the order is placed: the User can change the selection on that page, return to the plan overview using the "Back to plans" button, or use the browser's back function.

(2) Before the order can be placed, the User must separately confirm two declarations: acceptance of these Terms together with confirmation that the Privacy Policy has been read, and the express request that performance begin before the end of the withdrawal period. Clicking "Order with obligation to pay" constitutes a binding offer. Payment is then made on the payment page of our payment service provider Stripe.

(3) The contract is concluded when the order confirmation reaches the User by email. That email contains these Terms and the withdrawal policy in full text, so that the User can store and reproduce them unchanged. The Provider stores the contract data; the contract text itself is not additionally retrievable in the user account, so the User should retain this confirmation email.

(4) The contract language is English.

(5) The Provider has not subjected itself to any particular codes of conduct.

§ 4 Nature of the Service

The Service consists of the collection, processing and presentation of market data from public sources and third-party data suppliers via a web application accessible over the internet. It is not a data verification service: the Provider does not carry out its own substantive check of supplier data for accuracy, and presents it in the form in which the supplier delivers it.

§ 4a Updates and Rights in Respect of Defects

During the term of the contract, the Provider supplies the updates that are necessary to keep the Service in conformity with the contract (§ 327f BGB) and informs the User about them. The statutory rights under §§ 327i et seq. BGB apply in respect of defects.

§ 5 Prices & Payment

The prices stated at the time of order apply and include any value-added tax legally due on the supply. Depending on your place of residence and the applicable statutory rules, this may be German value-added tax, the value-added tax of your country of residence, or none. Payment is processed via the payment service provider Stripe, in advance for the respective billing period (typically monthly).

§ 6 Term & Cancellation

Subscriptions run for the chosen billing period and renew automatically unless cancelled. The User may cancel at any time effective at the end of the current billing period.

The User may delete a free account themselves at any time. The Provider may terminate a free account in text form giving 30 days' notice; the right to extraordinary termination for good cause remains unaffected.

§ 7 Right of Withdrawal

Consumers have a statutory right of withdrawal. Details are set out in the Right of Withdrawal.

§ 8 User Obligations

• no misuse, no impairment of the security or functionality of the Service;
• no automated extraction (scraping), reproduction or redistribution of the content/data to third parties;
• no sharing of access credentials; the account is personal.

In the event of serious violations, the Provider may suspend access.

§ 9 Liability

The Provider is liable without limitation in cases of intent and gross negligence, and for damages arising from injury to life, body or health. In cases of simple negligence, the Provider is liable only for breach of a material contractual obligation (cardinal obligation) and limited to the foreseeable damage typical for the contract. What the Service consists of is set out in § 4; which rights apply in the event of defects is governed by § 4a and by statute. Sentences 1 and 2 remain unaffected. The Service does not constitute investment advice or a recommendation (§ 2 and the Disclaimer); decisions taken by the User on the basis of the information provided are the User's own.

§ 10 Changes to the Terms

(1) The Provider may amend these Terms with effect for future billing periods, insofar as this is necessary to adapt to a changed legal situation, changed case law or changed services, and provided the User is not thereby disadvantaged contrary to good faith.

(2) The Provider shall notify the User of the amended Terms in text form at least six weeks before they take effect and shall highlight the changes in that notification.

(3) The User may cancel the subscription up to the date the amendment takes effect, with effect from the end of the current billing period. If the User does not cancel and continues to use the Service in the first billing period after the amendment takes effect, the amended Terms apply from that period onwards. The Provider shall point out this consequence separately in the notification under paragraph 2.

(4) Changes to the main contractual obligations and to the price are excluded by this route; they require a new offer which the User may accept.

§ 11 Final Provisions

The law of the Federal Republic of Germany applies, excluding the UN Convention on Contracts for the International Sale of Goods; mandatory consumer protection provisions of the consumer's country of residence remain unaffected. Should any provision be invalid, the validity of the remaining provisions remains unaffected.