StratVerra

Terms of Service

Version 1.7 · Effective

1. Who we are and what this covers

Nandro IT B.V. (“Nandro IT”, “we”, “us”, “our”) operates StratVerra. These terms are the agreement between you and us for using StratVerra: the desktop app, the hosted API it talks to, and this website. By creating an account, installing the desktop app, or otherwise using StratVerra, you agree to these terms. If you do not agree to them, do not use StratVerra.

2. What StratVerra is

StratVerra is software for building, backtesting, and running your own options strategies. It lets you design a strategy, test it against historical market data, and — if you choose — connect it to your own broker account to trade it live.

StratVerra is not investment advice. We do not manage your money, hold your funds, or act as your broker. We do not recommend any strategy or any trade, and nothing in the product or on this website should be read as a recommendation to buy, sell, or hold any instrument. Every strategy you build, backtest, or run is a decision you make, using your own judgment.

3. Eligibility

To use StratVerra you must be at least 18 years old and have the legal capacity to enter into a binding agreement. If you do not meet these conditions, you may not use StratVerra.

These terms are written for consumers, using StratVerra for their own personal use. If you use StratVerra in the course of a business, trade, or profession — as a trading desk or other commercial operation, for example — the consumer protections referred to elsewhere in these terms do not apply to you.

4. Your account

Each account is for one person. Keep your login credentials confidential, and take reasonable care to keep your account secure. Tell us as soon as you can if you believe your account has been accessed without your permission or your credentials have been exposed. You are responsible for activity that happens through your account under your credentials, except to the extent it results from something we did wrong.

5. Subscription and payment

StratVerra is available for $49/month or $490/year. New accounts get a 14-day free trial — one trial per account. The trial requires no payment method, and it does not turn into a paid subscription by itself: if you have not given us a payment method by the time it ends, the trial simply stops and you are not charged. To continue after the trial, add a payment method before it ends or subscribe afterwards. Once a subscription is paid, it renews automatically, each month or each year, until you cancel.

You can cancel at any time from the billing portal. Cancelling stops future renewals; it does not refund the period you have already paid for, and your access continues until the end of that period. This does not affect your 14-day right to withdraw — see Withdrawal and refunds for when that applies and what it refunds instead. The price you are charged is the price shown to you at checkout.

Separately from your subscription, you can buy a one-off AI budget top-up. Each top-up is charged once, at the price shown to you at the time, and adds a further month’s worth of AI allowance to your account. A top-up does not expire: whatever you do not use carries over. It is tied to your account and cannot be transferred, and it cannot be exchanged for cash. You need an active subscription to use it — a top-up does not by itself give you access to StratVerra. The 14-day right to withdraw does not apply to a top-up, because it is supplied immediately and you acknowledge that at checkout; see Withdrawal and refunds for the full position.

6. Risk

Trading options involves substantial risk of loss and is not suitable for everyone. You should only use StratVerra, and only trade, with money you can afford to lose.

StratVerra trades two kinds of option, and they carry different risks at and before expiry. Which one a strategy trades is decided by the underlying you choose for it.

Index options — SPX, XSP, RUT and their weekly roots. These are cash-settled and can only be exercised at expiry, so you will not be assigned early and no shares change hands. It also means a position left open into expiry is settled against a value the exchange calculates after trading ends — not a price you could have traded at — and the resulting cash debit or credit can differ from what the position was last quoted at. A position sitting near its strike as expiry approaches is the least predictable of all: a small move in the index decides whether it expires worthless or at its maximum value.

ETF options — SPY, QQQ and IWM. These are American-style and physically settled, and both of those words matter. American-style means a short leg can be assigned on any trading day before expiry, at the choice of whoever holds the other side and with no warning to you — most commonly on the day before the ETF goes ex-dividend. Physically settled means what changes hands is shares, not cash: an assigned short put delivers stock into your account and an assigned short call takes stock out of it, at the strike, in hundred-share lots.

Two consequences follow, and neither is unusual:

  • A defined-risk spread stops being defined-risk. If the short leg of a spread is assigned and the long leg that hedged it is not exercised, you are left holding that long option beside a stock position, overnight, exposed to the whole of the next session’s move. The maximum loss the strategy was built around no longer bounds what can happen.
  • The stock position uses your capital. Shares delivered at the strike must be paid for or carried on margin by your broker, in an amount far larger than the option position that produced them. Your broker may issue a margin call, and may liquidate positions itself to meet it, before StratVerra does anything at all.

StratVerra reconciles its own view of your account against your broker’s position snapshot and asks your strategy how to handle delivered shares — the strategy either liquidates them or halts and flattens. That is a best-effort response after the fact, not protection against assignment: nothing in the software can prevent an assignment, predict one, or act on it while a run is not in progress. Assignment risk is yours. If you do not want it, trade the cash-settled index options.

You choose every strategy you build or select, and you choose every trade that strategy places — StratVerra only carries out what you have configured it to do. Backtested results describe how a strategy would have performed on historical data; they do not predict how it will perform in the future. Past performance, simulated or real, is not a guarantee of future results.

When you run a strategy live, StratVerra places real orders on your own broker account, using your own capital. Those orders, and the losses or gains that follow from them, are yours. You are responsible for every trade StratVerra places on your behalf while a strategy is running live.

Every order StratVerra sends goes to your broker, and your broker decides for itself whether to accept it. It may reject an order, fill it at a different price than the strategy expected, fill only part of it, or report back late, out of order, or not at all. What StratVerra shows you is only what your broker has told it. Your broker’s own records are the authoritative account of your positions, orders and cash — not our screens.

StratVerra runs on your own computer and reaches your broker over your own network. A delay anywhere along that path — your machine, your connection, your broker’s gateway, the exchange — can mean an order arrives later than intended, at a worse price, or after the opportunity it was meant to take has passed. Options in their final day of trading can move very fast, and seconds matter.

A running strategy is software, and software stops. StratVerra can lose its connection to your broker, halt partway through a sequence of orders, or shut down — because you closed it, because it crashed, because it was updated, or because the computer it runs on slept, lost power, or lost its network. If that happens while a strategy holds open positions, those positions stay open at your broker, and any protective orders it had placed may already have been cancelled. StratVerra does not watch your account while it is not running, and neither do we. Keeping track of your open positions, and closing them when you need to, is yours to do — directly with your broker.

A strategy does what you configured it to do, including when that is not what you meant. A mistyped strike, width, quantity or schedule places real orders just as readily as a correct one, and a strategy left running keeps trading to the parameters it was given until you stop it. Backtest a change before you run it live.

Trading has tax consequences, and what they are depends on where you live and on your own circumstances. We do not give tax advice, and StratVerra is not a tax record — the run history and results it shows you are there to help you evaluate a strategy, not to report to a tax authority. Your broker’s statements are what you and your tax adviser should work from.

Finally, we are not a regulated firm, and you should not use StratVerra expecting the protections that come with one. Nandro IT B.V. is not a broker, an investment firm, or an investment adviser. We are not authorised or supervised by the Dutch Authority for the Financial Markets (AFM) or De Nederlandsche Bank, we are not a registered investment adviser or broker-dealer, and we are not a member of FINRA, SIPC or the NFA. Safeguards that apply when you deal with a regulated firm — suitability and appropriateness assessments, best-execution duties, investor compensation schemes — do not apply between you and us. Some of them may apply between you and your broker; that is a matter for your agreement with them.

7. The AI assistant

StratVerra includes an AI assistant that can write and configure trading strategies for you. Anything it produces is machine-generated and has not been reviewed by us. Review a generated strategy — read what it does and backtest it — before you run it live. We do not warrant that a generated strategy is correct, will be profitable, or is suitable for your circumstances.

Use of the built-in AI assistant is subject to a fair-use allowance that resets at the start of each calendar month. If you reach it, you can buy a top-up as described in section 5, or wait for the allowance to reset.

8. Publishing your results

StratVerra lets you publish a finished backtest or live run as a public link. Publishing is entirely your choice, and nothing you run is public unless you publish it.

You choose the title, and whether the page shows its figures as percentages of your starting equity instead of amounts. A published page never carries anything about the strategy itself — not the name you gave it, not its type, not its parameters, not its source code — nor the individual trades it placed. You are responsible for what you publish: you confirm that it is your own run, that you are free to publish it, and that the title you choose contains nothing unlawful, misleading, or belonging to someone else.

So that we can host the page, you grant us a non-exclusive, worldwide, royalty-free licence to store, reproduce and display the content of a run you publish, for as long as the link is live. Once you revoke the link we stop reproducing and displaying it. We keep our own record of the share, which our privacy policy describes, and we do not control copies already cached or saved by third parties.

Every published page carries a statement of what the figures are — simulated results for a backtest, past performance of a real account for a live run. You may not remove, obscure or contradict it, and you may not present a published page as a promise, forecast or guarantee of future returns, or as investment advice.

You may revoke a published link at any time from the app; the page stops resolving shortly afterwards. We may also revoke a published link, without notice, if we believe it breaches these terms or the law. Revoking takes the page down — it does not retrieve pages that others have already saved, screenshotted or reposted.

Deleting your account revokes every link you have published.

9. Acceptable use

You agree not to:

  • resell, sublicense, or otherwise make StratVerra available to anyone else as if it were your own service;
  • reverse engineer, decompile, or otherwise attempt to extract the source code of StratVerra, except where the law gives you the right to do so;
  • circumvent or attempt to circumvent any usage limit we apply to your account or subscription; or
  • use the AI assistant to generate content unrelated to building or running trading strategies.

10. Availability

We aim to keep StratVerra available and reliable, but we do not guarantee any particular level of uptime. We may need to take the service down for maintenance, or change or discontinue features, from time to time. Our market data coverage reflects what our data providers make available to us; we do not guarantee that any particular instrument, date range, or expiry is covered.

11. Liability

To the extent permitted by law, our total liability to you arising out of or in connection with these terms or your use of StratVerra is limited to the total fees you paid us in the 12 months before the event giving rise to the claim.

Nothing in these terms limits our liability for death or personal injury caused by our negligence, for fraud, or for anything else that cannot be limited or excluded under Dutch law. If you are a consumer, this section does not affect the rights the law of your own country mandatorily gives you and does not exclude or limit that liability any further than the law allows.

12. Ending the agreement

You may stop using StratVerra at any time by cancelling your subscription, as described in Subscription and payment above. We may suspend or end your access if you breach these terms, and where practical we will give you notice before we do.

13. Changes to these terms

We may update these terms from time to time. When we do, we publish the new version here with a new version number and effective date. If a change is material, we will tell you before it takes effect. Continuing to use StratVerra after a new version takes effect means you accept it.

14. Law and disputes

These terms are governed by the law of the Netherlands. If you live in the European Union, this does not take away the mandatory consumer protections of your own country’s law, and you may bring proceedings in the courts of your own country as well as in the Netherlands.

If you are an EU consumer and want help resolving a dispute out of court, the European Commission publishes a directory of national alternative dispute resolution bodies and how to reach them, at consumer-redress.ec.europa.eu/dispute-resolution-bodies. You can also contact your national European Consumer Centre for free, independent advice on cross-border disputes. We are not currently registered with any alternative dispute resolution body ourselves.

For how these terms interact with your right to withdraw from a purchase, see the Withdrawal and refunds policy. For how we handle your personal data, see the Privacy Policy.

15. Contact

For our legal notice and how to contact us, see Legal notice.