This version applies from its date of publication.

This Affiliate, Broker & Partner Disclosure (“Disclosure”) explains the affiliate, referral, partner and other commercial relationships maintained by Cyber Wolfdog Trading (“CWDT”).

It also explains how those relationships may interact with:

• CWDT Technical Managed Services;

• broker selection;

• Expert Advisor selection and testing;

• VPS services;

• software and technology providers;

• research and educational services.

Affiliate or commercial relationships do not replace CWDT’s technical testing and selection procedures.

This Disclosure should be read together with the:

• CWDT Service Terms;

• Legal & Trading Risk Disclaimer;

• Privacy Policy.

2. Client Costs and CWDT Broker Referral Relationships

Using an applicable CWDT broker referral relationship does not create a separate CWDT affiliate fee or surcharge for the Client.

CWDT does not add any markup to the spreads or commissions of accounts opened or linked through its referral relationships.

Because CWDT does not add any markup, Clients do not pay a higher spread or commission as a result of the CWDT referral.

Normal broker trading costs still apply and may include:

• spreads;

• trading commissions;

• swaps or overnight financing charges;

• account-specific charges;

• other normal broker fees.

CWDT may receive compensation under a broker’s affiliate, referral or introducing-broker programme.

Such compensation does not result in CWDT adding an additional spread, commission or CWDT affiliate fee to the Client’s account.

4. How CWDT May Receive Compensation

Depending on the applicable third-party programme, CWDT may receive:

• fixed referral compensation;

• one-time commission;

• recurring commission;

• revenue share;

• compensation connected with an eligible account;

• compensation connected with a product purchase;

• compensation connected with a service;

• compensation connected with qualifying activity;

• another form of commercial partner compensation.

The precise compensation structure is determined by the relevant provider.

CWDT does not receive compensation under every partner or developer relationship.

6. Practical Value of Partner Relationships

Relationships with developers and technical providers may give CWDT access to resources that assist with testing and technical support.

Depending on the relationship, this may include:

• direct technical communication;

• direct developer contact;

• original product documentation;

• original setfiles;

• testing licences;

• pre-release versions;

• updated builds;

• product-development information;

• technical support;

• escalation of identified issues;

• Client pricing benefits where available.

These relationships can therefore have both a technical and a commercial component.

8. Research and Technical Infrastructure

Affiliate and referral income may contribute towards CWDT’s research, testing and technical infrastructure.

This may include:

• research servers;

• office servers;

• research computers;

• VPS infrastructure;

• MT5 environments;

• broker test accounts;

• software and licences;

• backtesting;

• stress testing;

• demo testing;

• forward testing;

• live-market verification;

• Expert Advisor evaluation;

• configuration testing;

• broker testing;

• technical monitoring.

The availability of affiliate income does not determine whether a product passes CWDT’s testing or selection process.

10. Testing Does Not Eliminate Trading Risk

No Expert Advisor or trading environment can be guaranteed to be risk-free.

Testing cannot guarantee:

• future profitability;

• future returns;

• prevention of loss;

• maximum drawdown;

• identical future behaviour.

Testing is used to obtain technical and practical information and to support CWDT’s selection process.

12. Darwinex and Darwinex Zero

Darwinex and Darwinex Zero are separate services and are treated separately by CWDT.

Darwinex is one of the supported broker environments listed in Section 11.

Darwinex Zero is a separate service and relationship.

A reference to Darwinex should therefore not be interpreted as a reference to Darwinex Zero, or vice versa.

14. CWDT Broker Evaluation Criteria

CWDT may consider factors including:

• competitive spreads;

• transparent commissions;

• execution speed;

• execution reliability;

• slippage;

• order-fill quality;

• stable MT5 operation;

• trading-server stability;

• technical infrastructure;

• contract specifications;

• available account types;

• leverage options where permitted;

• margin conditions;

• deposit processes;

• withdrawal processes;

• withdrawal handling;

• customer support;

• provider transparency;

• compatibility with CWDT Expert Advisors and configurations;

• applicable legal and regulatory environment;

• overall operational quality.

These are evaluation criteria.

They are not a representation or guarantee that a supported broker will satisfy every criterion at all times.

Broker conditions may change.

16. Affiliate Relationship Does Not Equal Broker Approval

CWDT distinguishes between:

an affiliate or commercial relationship

and:

technical approval for CWDT Technical Managed Services.

A provider may have a commercial relationship with CWDT without being part of the supported broker list.

A broker may also be technically evaluated before any commercial relationship exists.

18. Managed Services and Broker Referral Relationships

Where CWDT maintains an applicable referral relationship with a supported managed broker, CWDT may require the relevant managed-service account to be:

• opened through the applicable CWDT relationship;

• linked to that relationship;

• or transferred to that relationship where the provider permits this.

This applies only where:

• the provider permits the arrangement;

• the account can technically be linked;

• applicable requirements permit the arrangement.

The Client’s broker account remains in the Client’s own name.

20. New Broker Accounts

Where a new broker account is required for CWDT Technical Managed Services, the account may be established through the applicable CWDT referral relationship.

The account remains in the Client’s own name.

The Client remains responsible for:

• personal information;

• KYC;

• identity verification;

• proof of address;

• accepting the broker’s terms;

• information requested by the broker;

• funding the account.

CWDT does not complete identity verification on behalf of a Client.

22. CWDT Does Not Handle Client Trading Funds

CWDT does not receive, hold, route, transfer, deposit or withdraw Client trading funds through any Cyber Wolfdog Trading or Chiwi’s IT bank or payment account.

Deposits and withdrawals are carried out directly between:

• the Client;

• and the applicable broker or provider.

Affiliate or referral compensation paid to CWDT is separate from Client trading capital.

26. Expert Advisor Testing

Depending on the product, CWDT evaluation may include:

• technical review;

• documentation review;

• original setfile review;

• backtesting;

• stress testing;

• demo testing;

• forward testing;

• live-market verification;

• broker-environment testing;

• execution evaluation;

• risk-behaviour evaluation;

• drawdown evaluation;

• practical operation;

• update testing;

• revised-version testing.

Testing may continue over an extended period.

CWDT may reject a product after testing where CWDT does not consider it suitable for recommendation.

28. Demo and Live Verification

Where appropriate, evaluation may progress through stages including:

1. backtesting and initial review;

2. demo testing;

3. live-market verification;

4. final evaluation.

Live verification can provide information that historical backtesting cannot always reproduce.

CWDT may therefore use its own testing environments and testing capital when evaluating practical live-market behaviour.

30. Direct Developer Cooperation

CWDT maintains direct working relationships with selected Expert Advisor developers.

Depending on the relationship, CWDT may:

• report technical issues;

• discuss unexpected behaviour;

• clarify strategy logic;

• discuss settings;

• discuss broker-specific behaviour;

• provide usability feedback;

• discuss observed risk characteristics;

• test revised versions;

• test updates;

• request technical improvements;

• suggest adjustments intended to improve end-user usability.

Where technically possible, a developer may choose to implement changes suggested following CWDT testing or practical use.

The developer remains responsible for development decisions.

32. Relationship Between Testing and Affiliate Cooperation

An affiliate relationship is not a substitute for product testing.

CWDT may establish or maintain a commercial relationship with a developer after CWDT has obtained sufficient experience with the developer or product.

Affiliate compensation does not determine whether the Expert Advisor passes CWDT’s technical assessment.

34. Expert Advisor, Software and Technology Relationships

Current or recent CWDT relationships may include:

• Profalgo / Forex EA Solutions/ Wim Schrynemakers

• Magma Solutions UG/ Markus Magera

• Soma Gold/ Andreii Soma

• DARK EAs

• EA Trading Academy

• Telegram to MT5 Copier

• Robo Market

• STONKS GO UP

The exact nature of each relationship may differ.

A relationship may involve:

• direct developer contact;

• product testing;

• technical cooperation;

• product use;

• affiliate arrangements;

• referral arrangements;

• other commercial cooperation.

A relationship with a developer does not mean that every product produced by that developer is automatically recommended.

Products are assessed individually.

36. Research, Analysis and Educational Relationships

CWDT may maintain affiliate or referral relationships with providers of research, analysis or educational services.

CWDT actively looks for new cooperation with research, analysis and educational providers, with the aim of continuing to improve the quality of the information, tools and resources available to its Clients.

Such cooperation may, but does not always, involve affiliate or referral compensation. Where it does, Section 40 applies.

Current or recent relationships may include:

• Seeking Alpha Premium

• Alpha Picks

• EA Trading Academy educational programmes

These services remain separate from CWDT Technical Managed Services.

CWDT does not guarantee:

• accuracy of third-party analysis;

• completeness of third-party research;

• future performance of investment selections;

• results from third-party educational material.

Clients remain responsible for their own research and decisions.

38. Third-Party Products and Costs

Certain Expert Advisors, software licences or other third-party services may need to be purchased directly from the relevant provider.

Third-party products remain subject to that provider’s:

• pricing;

• terms;

• licence conditions;

• support conditions;

• refund conditions;

• technical requirements.

Unless expressly stated otherwise, third-party product costs are separate from CWDT Membership fees.

40. Potential Conflicts of Interest

Affiliate, referral and commercial relationships may create a financial or other interest for CWDT.

Depending on the provider’s programme, CWDT may receive compensation because:

• a Client opens an account;

• a Client purchases a product;

• a Client purchases or maintains a service;

• a Client subscribes to an eligible service;

• qualifying activity occurs.

Where broker compensation is linked to trading activity, CWDT may have a financial interest in the trading activity of an account that CWDT technically manages.

Where CWDT recommends an Expert Advisor from a developer with which CWDT has an affiliate relationship, CWDT may receive compensation if the Client purchases that product.

CWDT may also receive non-cash testing benefits from developers, including:

• demo licences;

• live testing licences;

• pre-release access;

• test builds;

• software access required for evaluation.

Such testing access does not guarantee a positive review, recommendation or commercial relationship.

CWDT discloses these interests so that Clients can take them into account.

42. Client Choice Outside CWDT Technical Managed Services

Outside CWDT Technical Managed Services, Clients remain free to evaluate and select third-party providers for themselves.

Clients should consider matters including:

• legal entity;

• jurisdiction;

• applicable regulation;

• spreads;

• commissions;

• execution;

• account conditions;

• withdrawal procedures;

• technical compatibility;

• service quality;

• individual requirements.

This is separate from Technical Managed Services, where use of a supported environment and, where applicable, an applicable referral relationship may form part of the service requirements.

44. Affiliate Relationships Do Not Change Account Ownership

An affiliate, referral or commercial relationship does not give CWDT ownership of:

• the Client’s broker account;

• the Client’s VPS account;

• Client trading capital;

• the Client’s bank account;

• the Client’s payment account.

The third-party account or service remains a relationship between the Client and the relevant provider unless expressly stated otherwise.

46. Privacy

Affiliate links, broker portals and partner relationships may involve processing of personal information.

Each third-party provider remains responsible for its own privacy practices.

CWDT’s processing of personal information is governed by the:

Privacy Policy — Cyber Wolfdog Trading
https://ebooks.cyberwolfdogtrading.com/privacy-policy

48. Legal and Regulatory Requirements

Nothing in an affiliate, referral or commercial relationship overrides:

• applicable law;

• mandatory consumer rights;

• provider requirements;

• broker requirements;

• applicable regulatory obligations.

Where a particular commercial arrangement cannot lawfully be used for a particular Client, country, broker or legal entity, this Disclosure does not override those requirements.