Please read this notice carefully before using the Service.
Purely educational and simulation platform
StockDisco is exclusively a learning and simulation environment. All features — including stock screening, universe analysis, DCA plans, backtests, paper trading and performance monitors — serve didactic purposes only and illustrate quantitative methods.
No investment advice — no recommendation
The content displayed in the Service expressly does not constitute investment advice, investment broking, portfolio management or an investment recommendation under the EU Market Abuse Regulation (MAR) or § 64 WpHG. No suitability or appropriateness check is performed. The content does not consider your personal financial situation, investment objectives or risk capacity.
No BaFin licence required
The operator does not conduct any licensable business under KWG, WpIG or WpHG. No securities are brokered, traded, custodied or managed. The Service is not a capital investment, financial instrument or investment-management offer.
Risks of securities trading
Investments in securities involve substantial risk, including the risk of total loss of the capital invested. Price fluctuations, currency, liquidity and issuer risks, as well as tax consequences, may negatively affect the outcome. Positive historical performance is not indicative of future returns.
Limits of backtests and simulations
Backtest and simulation results are based on historical data and modelling assumptions (e.g. trading costs, taxes, slippage, survivorship bias). They cannot reliably predict actual future results. Models may contain errors or fail to capture market structure adequately.
Market and third-party data
Market data is sourced from third-party providers. The operator does not guarantee completeness, timeliness or accuracy of such data.
Self-determined decision
Every investment decision is made entirely on your own responsibility. Before any investment decision, you should seek advice from a licensed independent party (e.g. fee-based investment adviser, bank, tax adviser).
Disclaimer of liability
To the extent permitted by law, the operator excludes any liability for damages arising from the use or unavailability of the Service, from investment decisions based on the content displayed, from data errors or from delays. Liability for intent, gross negligence, breach of material contractual obligations, injury to life, body or health, and under the Product Liability Act remains unaffected.