Risks and where you can trade
What you can lose, and where noct can be used.
You can lose all the money you put into a trade, and with leverage you can lose it fast. Options can expire worth nothing, a prediction's losing shares pay nothing, and a perp can be liquidated by a move that reverses a minute later. Only trade what you can afford to lose.
- Prices move. Everything on a ticket is an estimate from the live book until your order fills.
- Copies differ. A copied or auto-copied trade fills after the original, at its own price.
- Venues are third parties. Hyperliquid, Polymarket, Derive, trade.xyz and Relay run their own markets and rules. Polymarket and UMA decide how a prediction resolves, not noct.
- Nothing on noct is advice. Chances are what the market charges, not forecasts.
Where you can trade
What you can trade depends on where you connect from. In some places noct can't be used to open trades or add money at all. Closing trades and withdrawing always stay available.
The full rules are in the Terms of Use, and how your data is handled is in the Privacy Policy.