Terms of Use
Last Updated: October 2026
PLEASE READ THESE TERMS OF USE CAREFULLY BEFORE ACCESSING OR USING FAIRLEAD'S WEBSITE, RESEARCH, SUBSCRIPTION SERVICES, OR ANALYTICAL TOOLS.
1. Overview and Corporate Information
These Terms of Use ("Terms") govern access to and use of www.fairleadstrategies.com, associated client portals, research publications, technical analysis tools, software applications, and related digital services (collectively, the "Services") provided by Fairlead Strategies LLC ("Fairlead Strategies," "FS," "Fairlead," "we," "us," or "our").
Fairlead Strategies LLC is an investment adviser registered with the U.S. Securities and Exchange Commission ("SEC") in reliance on its status as a related adviser of Fairlead Asset Management LLC ("FAM"). Both entities are subsidiaries of Fairlead Holdings LLC. FAM is a separately registered investment adviser that provides investment advisory and sub-advisory services to investment funds. Registration with the SEC does not imply any particular level of skill or training, and the SEC has not approved or endorsed Fairlead's Services, methodologies, or analytical outputs.
Fairlead Strategies provides subscription-based technical research, market commentary, research consulting, investment advisory services, analytical tools, and related information services. These Services may include actionable market insights, technical assessments, and opinions or recommendations concerning individual securities, sectors, asset classes, and financial markets. Certain Services, including Fairlead Technical Intelligence ("FTI"), provide automated, impersonal analytical information rather than individualized investment recommendations.
The scope of Services provided to each subscriber depends on the applicable subscription plan, product-specific disclosures, and any separate written agreement. By accessing or using the Services, you agree to these Terms. If you do not agree, you must discontinue use of the Services.
These Terms supplement, and do not replace, applicable investment advisory agreements, subscription agreements, regulatory disclosures, or other written agreements between Fairlead and its clients. Certain Services may require additional affirmative acceptance of product-specific agreements. Nothing in these Terms waives or limits any fiduciary duty, regulatory obligation, legal right, or remedy that cannot lawfully be waived or limited under applicable securities laws.
2. Research, Advisory Services, and Market Commentary
Fairlead's Services may include newsletters, technical research reports, charts, market commentary, technical indicators, investment-related opinions, investment recommendations, market outlooks, educational materials, and proprietary analytical tools (collectively, "Content").
Fairlead employs a disciplined approach to technical analysis focused on identifying market trends, momentum, support and resistance levels, relative strength, and other technical characteristics of securities and financial markets. Research and consulting services may include actionable investment ideas, long or short market perspectives, and technical assessments of individual securities or exchange-traded funds. Services vary by subscription level and applicable agreements.
Basic and Research Subscriptions. Research subscriptions generally provide access to published research, market commentary, technical analysis, and related informational materials. Such research is generally distributed to subscribers without consideration of each recipient's individual financial circumstances, investment objectives, or risk tolerance.
Access and Premium Subscriptions. Certain subscription plans provide additional access to Fairlead's research personnel for discussions of securities, market conditions, technical indicators, investment strategies, and other research-related questions. Premium subscribers may receive customized research, analysis of subscriber-selected securities, portfolio-related technical assessments, watchlist reviews, chartbooks, custom filters, scans, and other research consulting services. These services may include technical opinions, actionable recommendations, or advice relevant to securities or investment strategies identified by subscribers.
Fairlead does not provide continuous portfolio supervision, discretionary investment management, trade execution, or custody services to its research subscription clients. Unless separately agreed in writing, Fairlead does not continuously monitor subscriber portfolios or undertake ongoing suitability reviews of individual investment holdings. Subscribers retain responsibility for implementing investment decisions and determining how Fairlead's research and recommendations relate to their circumstances.
Limitations of Research and Advice. Research and technical analysis involve judgment and uncertainty. Opinions, recommendations, and analytical conclusions may change without notice as market conditions evolve. Fairlead does not guarantee that any recommendation, technical signal, investment strategy, or analytical conclusion will be accurate, profitable, or suitable for every subscriber. Subscribers should consider the risks of any investment and may consult other qualified professional advisers before making investment decisions. Nothing in this section limits Fairlead's obligations under applicable investment adviser laws.
3. Fairlead Technical Intelligence and Automated Analysis
Fairlead may provide access to proprietary analytical software, including Fairlead Technical Intelligence ("FTI"), and other automated or quantitative analytical tools. FTI provides systematic technical assessments of securities and market conditions using proprietary methodologies, historical market data, predefined analytical rules, and automated calculations. FTI Output may include Bullish, Neutral, or Bearish technical states; momentum assessments; support and resistance levels; historical technical observations; proprietary indicators, including Slack Tide; alerts; charts; and automated written commentary.
FTI provides general, impersonal technical research and does not evaluate individual financial circumstances, investment objectives, risk tolerance, liquidity needs, tax considerations, or the appropriateness of particular investments for any user. Selecting a security, creating a watchlist, or requesting an analysis does not cause FTI to provide personalized investment advice. FTI does not provide individualized investment recommendations, transaction instructions, specific investment entry or exit prices, or personalized price targets. Its support and resistance levels are general technical reference points, not individualized transaction recommendations.
FTI Output is generated automatically and is not individually reviewed, approved, or validated by Fairlead research personnel before display. FTI may incorporate analytical principles employed in Fairlead's professional research but operates independently of the discretionary judgment reflected in Fairlead's published research. FTI Output may differ materially from Fairlead's research publications, technical levels, market outlooks, recommendations, or conclusions and does not necessarily represent the views or opinions of Katie Stockton or other Fairlead personnel. FTI Output should not be attributed to those individuals as an expression of their personal investment judgment.
Automated outputs depend on proprietary methodologies, assumptions, calculations, and market data that may be delayed, incomplete, inaccurate, unavailable, or subsequently revised. Models may produce inaccurate, inconsistent, premature, delayed, or conflicting signals. A confirmed technical signal indicates only that specified analytical conditions have been satisfied, not that a future market outcome has been confirmed. Technical indicators do not guarantee future market behavior, and historical statistical relationships may not persist under changing market conditions.
FTI does not execute transactions, calculate or display investment performance returns, provide hypothetical trading results, or offer backtesting functionality. Historical technical observations and signals are not actual or hypothetical investment results and do not establish future predictive accuracy.
Fairlead may modify FTI models, methodologies, calculations, parameters, classifications, features, and data sources, subject to applicable contractual and legal obligations. Such changes may affect current and historical technical readings. FTI does not supersede, revise, amend, or correct Fairlead's published research, and Fairlead does not undertake to reconcile differences between automated output and published research.
FTI is intended to supplement independent research and professional judgment. Users should not rely on FTI as the sole basis for investment decisions. FTI is subject to a separate User Agreement, Important Disclosures and Acknowledgment, which users must affirmatively accept before accessing the platform. That agreement supplements these Terms and contains additional FTI-specific disclosures, limitations, and usage restrictions.
4. Subscriptions, Billing, Renewals, and Refunds
Certain Services require registration, payment of subscription fees, or other authorization. Subscription plans may differ in available research, publications, analytical tools, consulting services, permitted users, usage allowances, and other features. Applicable pricing, billing frequency, subscription duration, renewal terms, and material limitations will be disclosed at purchase or specified in a separate written agreement.
Automatic Renewals. Where expressly disclosed and authorized at enrollment, subscriptions may automatically renew for successive billing periods unless canceled. Fairlead will provide required renewal disclosures, reminders, and cancellation mechanisms in accordance with applicable law.
Cancellation. Subscribers may request cancellation using the methods provided for their subscription or by contacting Fairlead at info@fairleadstrategies.com. For subscriptions entered into online, Fairlead will provide an online cancellation method where required by applicable law. Unless otherwise provided in an applicable agreement or required by law, cancellation of automatic renewal prevents future renewal charges but does not necessarily terminate access during an already-paid subscription period.
Refunds. Fees attributable to investment advisory or research consulting services will be refunded on a pro-rata basis for the unused portion of the applicable service period upon termination, as provided in Fairlead's Form ADV, applicable agreements, and governing law. Fees attributable solely to research reports, analytical tools, or other non-refundable subscription products generally are not refundable or subject to proration, except where required by law or otherwise agreed in writing. Where a subscription includes both advisory or consulting services and research publications or analytical tools, the applicable agreement and fee allocation will determine the refundable portion, subject to applicable law. Nothing in these Terms limits a subscriber's right to a refund required by applicable law, regulatory obligations, or a separate written agreement.
Pricing and Plan Changes. Fairlead may modify subscription prices, features, usage allowances, and plan structures prospectively, subject to applicable law and existing contractual commitments. Material changes affecting existing subscriptions will be communicated where required by law or contract.
Usage Allowances and Additional Analyses. Certain subscription plans, including those providing access to FTI, may include limits on the number of analyses, authorized users, watchlist securities, or other features. Applicable limits and calculation methods will be disclosed in the relevant plan description or subscription agreement. Where offered, subscribers may purchase additional analysis allowances or other permitted usage capacity. Unless expressly stated otherwise, unused allowances do not carry forward beyond the applicable usage period, and additional purchases do not expand other subscription rights or authorize redistribution of Content.
Trials and Promotional Access. Free trials, promotional subscriptions, and discounted access may be subject to additional terms disclosed at enrollment. Any automatic conversion to a paid subscription will be subject to applicable disclosure and authorization requirements.
5. Accounts and Authorized Users
Subscribers must provide accurate account information and maintain the confidentiality of their login credentials. Access is limited to the number of authorized users, subscription entitlements, and permitted activities established under the applicable plan or written agreement.
Access Plan Subscriptions. An Access Plan subscription permits up to five (5) authorized users, all of whom must be employees or authorized personnel of the same subscribing company or enterprise. Access may not be extended to individuals outside the subscribing organization, including external clients, customers, business partners, or unaffiliated third parties, without Fairlead's prior written authorization.
Unless expressly authorized by Fairlead, login credentials may not be shared between individuals; subscriptions may not be transferred, assigned, sublicensed, or resold; access may not be extended to unauthorized employees, affiliates, clients, customers, or other third parties; users may not circumvent subscription limits, usage allowances, authentication requirements, or other access restrictions; and users may not permit unauthorized third parties to access the Services through their accounts.
Institutional subscribers may use the Services for legitimate internal business, professional, investment research, and portfolio analysis activities within the scope of their subscriptions. Such access does not automatically authorize redistribution of Fairlead Content to clients, customers, investors, or other third parties.
Fairlead may suspend or restrict access for material violations of these Terms, suspected unauthorized activity, security threats, payment failures, or other legitimate operational concerns, subject to applicable law and contractual obligations.
6. Intellectual Property and Proprietary Methodologies
The Services and Content, including research publications, charts, software, analytical models, algorithms, indicators, methodologies, databases, designs, trademarks, graphics, technical states, signal-generation systems, and related intellectual property, are owned by Fairlead, its affiliates, or applicable licensors. All applicable intellectual property rights are reserved. Subscription access grants a limited, non-exclusive, non-transferable right to use authorized Services during the applicable subscription period, subject to these Terms and any separate written agreement. No ownership interest in Fairlead's intellectual property is transferred to subscribers.
Except as expressly authorized in writing or permitted by applicable law, users may not:
Reproduce, republish, distribute, sublicense, sell, license, or commercially exploit Fairlead Content.
Redistribute research publications, analytical outputs, or proprietary signals to unauthorized third parties.
Systematically download, scrape, harvest, collect, or extract Content, market data, historical observations, or analytical outputs.
Reverse engineer, decompile, disassemble, or attempt to reconstruct proprietary software, algorithms, analytical models, or methodologies, except where applicable law prohibits such restrictions.
Use Fairlead Content, research, analytical outputs, or proprietary data to train, fine-tune, benchmark, validate, or develop competing artificial intelligence systems, machine learning models, investment research products, or analytical services without written authorization.
Use automated processes to reproduce or systematically extract Fairlead's proprietary research conclusions, technical signals, or analytical methodologies.
Remove, obscure, or modify copyright notices, trademarks, attribution, or other proprietary markings.
Circumvent technical restrictions or access controls intended to protect Fairlead's intellectual property.
FTI does not provide a client download or data-export function. Users may not circumvent this restriction through automated extraction, scraping, systematic copying, or other unauthorized methods. The absence of download functionality does not authorize users to extract or redistribute FTI content through alternative means.
Authorized subscribers may make reasonable internal use of Content consistent with their subscription rights. Incidental use of general-purpose analytical or artificial intelligence tools for authorized internal research does not, by itself, constitute a prohibited use, provided such activity does not result in unauthorized redistribution, systematic extraction, model training, or disclosure of Fairlead's proprietary materials. Institutional internal use does not automatically authorize external redistribution or use in competing products or services.
Nothing in these Terms restricts rights that cannot lawfully be waived or limited.
7. Acceptable Use and Security
Users agree to access and use the Services lawfully and in accordance with these Terms. Prohibited activities include attempting unauthorized access to Fairlead systems, accounts, applications, or data; interfering with the operation, availability, performance, or security of the Services; introducing malicious software or other harmful code; circumventing authentication, authorization, rate limits, or other security measures; conducting unauthorized automated extraction or excessive automated requests; using the Services in a manner that infringes the rights of Fairlead or third parties; or using the Services for unlawful, fraudulent, or deceptive purposes.
Fairlead may implement reasonable security controls, usage restrictions, authentication requirements, monitoring, and other protective measures. Fairlead may investigate suspected unauthorized activity and take appropriate action, including restricting or suspending access, subject to applicable agreements and law.
8. Market Data, Third-Party Services, and External Links
Certain Services rely on information, technology, or infrastructure provided by third parties, including financial exchanges, market data providers, hosting providers, software vendors, and payment processors. Market data and other third-party information may be delayed, incomplete, inaccurate, unavailable, or subject to licensing restrictions. Data providers, instruments, coverage, and calculation methodologies may change without notice.
Displayed prices, technical levels, and historical observations may differ from information available through other sources because of differences in pricing methodologies, data adjustments, calculation periods, symbol mappings, or subsequent corrections. Displayed prices may be delayed, indicative, derived, or historical and should not be assumed to represent executable quotations. Users should independently verify material market information before making investment decisions.
Fairlead does not guarantee the accuracy, completeness, timeliness, or uninterrupted availability of third-party information or services. Third-party content and services may be subject to additional contractual terms, licensing restrictions, or usage conditions.
The Services may contain links to third-party websites or resources, including investment fund websites. Fairlead does not control or endorse such websites solely by providing links and is not responsible for their content, security, availability, or privacy practices.
9. Investment Risk, Historical Analysis and Performance Limitations
Investing involves risk, including the potential loss of principal. Technical analysis, historical market patterns, quantitative research, and statistical observations are subject to inherent limitations. Historical technical conditions and analytical signals do not guarantee future market outcomes. Technical classifications, indicators, support and resistance levels, and other analytical observations may be inaccurate, delayed, or affected by changing market conditions.
FTI does not execute transactions, generate investment performance returns, provide hypothetical trading results, or offer backtesting functionality. Its technical states, signals, and historical observations should not be interpreted as actual or hypothetical investment results, individualized transaction recommendations, or evidence of future predictive accuracy.
Other Fairlead research, advisory, or consulting services may discuss historical investment performance, investment strategies, or hypothetical analytical outcomes where appropriate. Any such information is subject to applicable methodology, assumptions, limitations, regulatory requirements, and accompanying disclosures. Past performance does not guarantee future results.
No research publication, technical indicator, analytical signal, investment recommendation, or model output should be interpreted as a guarantee of investment performance. Fairlead makes no representation that any analytical methodology, investment strategy, or investment-related opinion will be profitable or successful.
10. Affiliated Entities, Investment Funds and Conflicts of Interest
Fairlead Strategies and Fairlead Asset Management LLC are affiliated investment advisers under common control. FAM provides investment advisory or sub-advisory services to investment products, including the Fairlead Tactical Sector ETF (TACK) and the Amplify Fairlead Tactical Bitcoin ETF (BNAV).
Fairlead and its affiliates may receive compensation from research subscriptions, advisory services, investment products, or other permitted activities. Fairlead personnel, affiliates, and related investment products may hold positions in, transact in, or have economic interests relating to securities, asset classes, or markets discussed in Fairlead research or analyzed by its Services. Such interests may differ from published research views, recommendations, or automated technical classifications.
To reduce certain potential conflicts, FTI does not analyze investment funds for which Fairlead or its affiliates serve as investment adviser or sub-adviser, including TACK and BNAV. FTI also excludes bitcoin and securities whose value is linked to bitcoin, including spot and futures bitcoin funds, because affiliated investment products hold or trade bitcoin-linked instruments. These restrictions apply specifically to FTI and do not prohibit Fairlead from publishing research concerning bitcoin, digital assets, or related securities through its other research services.
These exclusions do not eliminate all potential conflicts. Analysis of other securities, ETFs, indices, or digital assets does not constitute an endorsement or recommendation. Fairlead and its affiliates maintain policies addressing applicable conflicts, personal trading, and regulatory obligations. Additional information concerning Fairlead and FAM is available in their respective Forms ADV at adviserinfo.sec.gov.
11. Disclaimers and Warranties
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE SERVICES AND CONTENT ARE PROVIDED "AS IS" AND "AS AVAILABLE."
FAIRLEAD DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT, TO THE EXTENT SUCH WARRANTIES MAY LAWFULLY BE DISCLAIMED.
FAIRLEAD DOES NOT GUARANTEE THE ACCURACY, COMPLETENESS, TIMELINESS, RELIABILITY, AVAILABILITY, OR CONTINUED OPERATION OF THE SERVICES, CONTENT, MARKET DATA, OR ANALYTICAL OUTPUTS. FAIRLEAD DOES NOT WARRANT THAT THE SERVICES WILL BE UNINTERRUPTED, ERROR-FREE, OR FREE FROM SECURITY VULNERABILITIES.
These disclaimers do not diminish any fiduciary duties, standards of care, or other obligations imposed on Fairlead under applicable investment adviser laws. Nothing in these Terms excludes or limits rights, remedies, duties, or liabilities that cannot lawfully be waived or limited, including applicable protections under federal securities laws.
12. Limitation of Liability
To the maximum extent permitted by applicable law, Fairlead Strategies and its affiliates, officers, employees, agents, and representatives shall not be liable for indirect, incidental, special, consequential, exemplary, or punitive damages arising from or relating to use of the Services.
To the maximum extent permitted by applicable law, Fairlead Strategies' aggregate contractual liability arising from paid subscription Services shall not exceed the fees paid by the claimant for the affected Services during the twelve months immediately preceding the event giving rise to the claim.
These limitations do not apply to liabilities that cannot lawfully be excluded or limited, including liability arising from fraud, willful misconduct, breach of applicable fiduciary duties, or violations of securities laws to the extent such liability cannot lawfully be limited. Nothing in these Terms limits any non-waivable statutory right or remedy.
13. Indemnification
To the extent permitted by applicable law, users agree to indemnify and hold harmless Fairlead Strategies and its affiliates, officers, employees, and representatives against third-party claims, liabilities, damages, and reasonable expenses arising from unlawful use of the Services; material violations of these Terms; unauthorized redistribution or commercial exploitation of Fairlead Content; or infringement of intellectual property or other third-party rights.
This obligation does not apply to the extent a claim results from Fairlead's own unlawful conduct or other circumstances for which indemnification is prohibited by applicable law.
14. Service Modifications, Availability, and Termination
Fairlead may periodically update, maintain, modify, enhance, suspend, or discontinue features, publications, analytical tools, software applications, and supporting technologies. Fairlead does not guarantee uninterrupted or error-free availability of the Services.
Material changes affecting paid subscription rights will be handled in accordance with applicable agreements and legal requirements. Fairlead may terminate or suspend access for material violations of these Terms, unauthorized use, security concerns, payment failures, or other legally permissible reasons, subject to applicable contractual and regulatory obligations.
Termination or expiration of access does not authorize continued use or redistribution of proprietary Content. Provisions concerning intellectual property, disclaimers, limitations of liability, indemnification, and dispute resolution shall survive termination to the extent applicable.
15. Privacy and Data Protection
Fairlead's collection, use, and disclosure of personal information in connection with the Services are described in its Privacy Policy and, where applicable, separate regulatory privacy notices.
The Services may collect or process account information, subscription records, authentication information, usage activity, securities and symbols analyzed, watchlist activity, analytical requests, access timestamps, technical activity, and other information necessary to operate, secure, administer, and improve the Services.
Information may also be retained or processed for compliance, regulatory recordkeeping, fraud prevention, security monitoring, and other lawful purposes. Users should not assume that searches, watchlists, or analytical activity are confidential from authorized Fairlead personnel responsible for operating, supervising, or administering the Services.
Users should review the Privacy Policy for additional information regarding applicable data practices and privacy rights.
16. Changes to These Terms
Fairlead may revise these Terms periodically to reflect changes in its Services, business practices, legal obligations, or other circumstances. The current version will be published on the applicable website with an updated revision date.
Material changes will be communicated where required by applicable law or contract. Revisions will apply prospectively unless otherwise permitted by law. Continued use of the Services following the effective date of revised Terms may constitute acceptance to the extent permitted by applicable law.
Where affirmative consent is legally required, Fairlead will obtain such consent. Certain Services, including FTI, may require users to affirmatively accept updated product-specific agreements before continuing access.
17. Governing Law and Dispute Resolution
These Terms are governed by the laws of the State of Connecticut, without regard to conflict-of-law principles, except where applicable federal law or mandatory legal protections control.
Subject to applicable law, disputes arising from or relating to these Terms shall be brought in the appropriate state or federal courts located in Connecticut. Nothing in these Terms limits any right to pursue a claim in another forum where such a right cannot lawfully be waived.
18. General Provisions and Relationship to Other Agreements
If any provision of these Terms is found unenforceable, the remaining provisions shall remain effective to the extent permitted by law. Failure by Fairlead to enforce any provision shall not constitute a waiver of its right to enforce that provision in the future.
These Terms, together with applicable subscription terms, regulatory disclosures, and any separate written agreements, govern use of the Services. Where a separately executed written agreement expressly conflicts with these Terms, the executed agreement shall control with respect to the subject matter of that conflict.
Certain Services, including Fairlead Technical Intelligence, may be subject to additional product-specific agreements, disclosures, acknowledgments, or usage restrictions. These supplemental provisions apply in addition to these Terms. Where a product-specific agreement contains more specific provisions governing that product, those provisions control with respect to that product to the extent of any inconsistency, unless otherwise required by applicable law or a separately executed written agreement.
Nothing in these Terms or any supplemental agreement waives or limits non-waivable rights, fiduciary duties, or regulatory obligations. Nothing in these Terms creates a partnership, joint venture, or employment relationship, or negates any fiduciary relationship or other legal duty that exists independently under applicable law.
19. Contact Information
Fairlead Strategies LLC
4 Greenwich Office Park, 2nd Floor
Greenwich, CT 06831
Email: info@fairleadstrategies.com
Website: www.fairleadstrategies.com
For additional information concerning Fairlead Strategies' investment advisory services, please refer to its Form ADV and applicable advisory agreements.
For information concerning the separate investment advisory and sub-advisory services provided by Fairlead Asset Management LLC, please refer to FAM's applicable regulatory disclosures and agreements.