Terms of Service

Last updated: June 1, 2026 — Version 1.0

These Terms of Service (the "Terms") govern your access to and use of the BelFed Analytics service, including the websites belfed.com and belfed.ru, the Telegram bot @BelfedBot, and our private Telegram channels (together, the "Service"). By starting a trial or subscribing, you agree to these Terms together with our Disclaimer and Privacy Policy. If you do not agree, please do not use the Service.

1. Who provides the Service

The Service is operated by Individual Entrepreneur Artem I. Fedorov (INN 781103296545, OGRNIP 326784700016572), St. Petersburg, Russian Federation. Contact: contact@belfed.com.

2. Eligibility

You must be at least 18 years old and legally able to enter into a binding contract in your jurisdiction. You also confirm that using the Service is not prohibited by applicable laws of your country of residence.

3. What you get

The Service provides educational and informational trading content, including market analysis, idea write-ups with entry/stop/target levels, position lifecycle updates, and access to private Telegram channels. The content is published using the R-system as described in our Disclaimer.

4. Trial access

• New users may receive a 14-day free trial to the private Telegram channel.
• No payment method is required to activate the trial.
• You must provide a valid email address to receive service notifications and exercise your data-subject rights.
• Trial access is one per person. We reserve the right to revoke trials that appear to be abusive (multiple accounts, automated sign-ups, etc.).
• At the end of the trial, access to the private channel ends automatically unless you start a paid subscription.

5. Paid subscription

• Subscription is billed in Telegram Stars for users outside Russia, and in Russian Rubles via YooKassa for users in Russia.
• Pricing and the included features are shown on the pricing page at the moment of purchase. We may change prices for future billing periods with at least 14 days' prior notice; the price you have already paid for the current period is locked.
• The subscription renews automatically at the end of each billing period using the same payment method unless cancelled. You can cancel auto-renewal at any time from the member dashboard or by sending /cancel to @BelfedBot. Access continues until the end of the period you have already paid for.

6. Refunds

Because access to the digital content is granted immediately upon payment, refunds are not provided once the billing period has started, except as required by applicable consumer-protection law. If you have not used the Service within the first 24 hours after payment, contact contact@belfed.com with a refund request and we will review it within 10 business days. Telegram Stars purchases follow the additional refund rules set by Telegram.

7. Acceptable use

You agree not to:

• Share, resell or redistribute Service content, trade ideas, channel access or invite links;
• Attempt to bypass authentication, scrape data at scale, or interfere with the Service;
• Use the Service for unlawful activities or in jurisdictions where doing so is prohibited;
• Impersonate other users or misrepresent your identity to obtain a trial.

We may suspend or terminate your access for violations of this section without refund.

8. No financial advice

All Service content is informational and educational. It is not investment, financial, tax or legal advice and is not tailored to your personal situation. You are solely responsible for your trading decisions. Full risk disclosure is set out in our Disclaimer, which forms part of these Terms.

9. Intellectual property

All trade write-ups, analytics, charts, branding, and software are the intellectual property of BelFed Analytics or its licensors. You receive a personal, non-transferable, revocable licence to view the content during your active subscription. Reproduction, redistribution or commercial use without prior written permission is prohibited.

10. Limitation of liability

To the maximum extent permitted by law, BelFed Analytics, its owners and affiliates shall not be liable for any indirect, incidental, special or consequential damages, including loss of profits, loss of trading gains or loss of data, arising from your use of the Service. Our total aggregate liability for any claim shall not exceed the amount you paid us in the 12 months preceding the event giving rise to the claim.

11. Governing law and disputes

These Terms are governed by the laws of the Russian Federation, without regard to its conflict-of-laws provisions. If you are a consumer resident in the EU/EEA or the UK, you also benefit from the mandatory consumer-protection provisions of your country of residence. Any dispute that cannot be resolved amicably shall be submitted to the courts having jurisdiction over the controller's place of business, subject to mandatory consumer-jurisdiction rules.

12. Changes to these Terms

We may update these Terms from time to time. For material changes we will notify users in the member dashboard and/or by email at least 14 days in advance. Continued use of the Service after the change takes effect constitutes acceptance.

13. Contact

Questions about these Terms: contact@belfed.com