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Risk disclosure

Last updated: 6 May 2026

filo.bot lets you mirror trades from selected Hyperliquid traders. Trading perpetual futures on margin is high-risk and you can lose more money than you start with. This page explains the specific risks you take on when you use this service. Read it before you fund your account.

If you cannot afford to lose 100% of the capital you put on Hyperliquid, do not use this service. Past performance, including the on-chain track record of any trader on our platform, does not guarantee future results.

1. Leverage and liquidation risk

Hyperliquid is a perpetual futures exchange. Positions use leverage, which means your gains and losses are multiplied. With high leverage, even a small adverse price move can liquidate your position — wiping out the margin allocated to that trade.

When you copy a trader, the bot opens positions with the leverage that trader chose, capped by the maximum leverage you set per trader. You can lose your full position margin in seconds during a liquidation event. filo.bot does not protect against liquidation.

2. Market risk

Crypto markets are volatile and trade 24/7 across thin order books. Prices can gap during news events, exchange outages, or low-liquidity periods. The trader you copy may have a strong long-term track record and still experience large losses in any given week.

Our quality scoring grades a trader's history but cannot predict the future. A trader rated Elite today can underperform tomorrow. Always start with a small allocation when copying a new trader and increase only after you have personally observed their behaviour on your account.

3. Copy trading-specific risk

  • Slippage and timing. Even with sub-second signal latency, your fills will not be identical to the trader's. Price differences can compound on volatile pairs.
  • Sizing differences. Your position sizing is scaled to your allocation. A trader's win on a small position may map to a loss on a larger relative position on your side, depending on caps.
  • Conflicts. When you copy multiple traders and they take opposing positions on the same pair, our conflict resolution decides which signal executes. You may miss trades because of this — see the Terms for details.
  • Trader behaviour change. A trader may suddenly increase leverage, switch instruments, or stop trading. We re-evaluate every 24 hours and may deactivate them, but you remain exposed in the interim.

4. Smart contract and exchange risk

Hyperliquid is a decentralised exchange operating its own L1. Bugs, exploits, governance failures, validator outages, or bridge issues could result in loss of funds — independent of anything we do. Your funds are held by Hyperliquid, not by us, but Hyperliquid itself is exposed to these risks.

5. Builder fee charged on trades

filo earns its operating revenue by attaching a builder fee to each trade we route on your behalf — both copy trades on perpetuals and grid-bot trades on spot. This fee is collected on-chain by Hyperliquid as part of the standard fee logic and paid to filo's builder address. It is in addition to Hyperliquid's own taker/maker fee. (On spot, Hyperliquid charges fees in the asset received, so the builder fee only applies to the SELL side of grid trades.)

The current builder fee is 0.01% per trade side (1 basis point), well below Hyperliquid's protocol cap of 0.10%. You can see and adjust the maximum fee you authorise from your dashboard Settings page; the fee is only collected when a trade actually executes on your account.

Authorising a builder is a one-time on-chain signature using your main wallet. You can revoke it at any time directly on Hyperliquid. If you do not authorise filo as your builder, copy trades still execute — filo simply earns no fee from your trades.

6. API key and key-handling risk

To execute trades on your behalf we use an API key with trading permission. The key is encrypted with AES-256-GCM and only loaded into memory at execution time. Even so, by giving us a key you authorise our infrastructure to place trades on your account. Risks include:

  • Bugs in our execution logic could place wrong-sized or wrong-direction trades.
  • A compromise of our infrastructure could allow an attacker to place trades using stored keys.
  • You can revoke the API key from Hyperliquid at any time, but trades placed before revocation cannot be unwound.

We do not accept API keys with withdrawal permission. You should not grant such permission to any copy-trading service.

7. Third-party service risk

Our service depends on third parties whose failures we cannot control:

  • Hyperliquid — for order execution and on-chain settlement.
  • Telegram — for trade notifications.
  • Internet, cloud, and DNS providers needed to keep our infrastructure online.

Outages or breaches at any of these providers may delay signals, prevent execution, or expose metadata about your activity. We mitigate where we can but cannot guarantee uptime or vendor security.

8. No investment advice

Nothing on filo.bot is investment, financial, tax, or legal advice. We are not a broker, fund manager, or investment adviser. Trader rankings, quality scores, and any educational content are descriptive — they describe past performance, not a recommendation to copy any specific trader.

9. Tax

Trading derivatives can have significant tax consequences. You are responsible for tracking and reporting your trades, gains, and losses to the relevant tax authority in your jurisdiction. filo.bot does not provide tax forms.

10. Eligibility

You must be of legal age to trade derivatives in your country and not located in a jurisdiction where copy-trading services or perpetual derivatives are restricted (including, where applicable, the United States and other restricted regions). You are responsible for confirming you are permitted to use this service.

By using filo.bot you confirm you have read this Risk disclosure and accept the risks listed above. If anything is unclear, contact us at [email protected] before funding your account.