Terms of Service for Quant by Illuminum

Terms of Service for Quant by Illuminum

Operated by Illuminum AB · org.nr 559359-4343 · VAT SE559359434301 · Sweden

Effective date: 11 August 2026    Version: 2026-08-11

DRAFT — NOT YET REVIEWED BY LEGAL COUNSEL. This document was prepared to be as protective of Illuminum AB as the law allows, but no terms of service can be made enforceable in every country or guarantee that no claim will ever succeed — mandatory consumer, contract and financial-regulation law in many jurisdictions overrides private terms. It must be reviewed by qualified counsel in each market where Quant operates (at minimum Sweden/EU and the United States) before it is relied upon. See the closing note on scope and limits.

1. Agreement to these Terms

These Terms of Service (the "Terms") form a legally binding agreement between you (the "user", "you" or "your") and Illuminum AB, a limited company registered in Sweden under organisation number 559359-4343, VAT SE559359434301 (the "Operator", "we", "us" or "our"). They govern your access to and use of the Quant application, website, application programming interfaces and all related content, features and services (together, the "Service"), including at app.gaia.eco, test.gaia.eco and any successor address.

By accessing or using the Service, creating an account, clicking "I understand", "I agree" or a similar control, or completing a purchase, you confirm that you have read, understood and agree to be bound by these Terms and by every notice they incorporate, including the in-app risk and no-advice disclaimer shown before each analysis and the Privacy Notice. If you do not agree, you must not access or use the Service.

If you are entering into these Terms on behalf of a company or other legal entity, you represent that you have authority to bind that entity, and "you" refers to that entity.

2. Definitions and interpretation

•    "Output" means any verdict (BUY, KEEP or EXIT), entry, target or stop-loss level, indicator reading, confidence figure, chart, buying-cycle estimate, coach message or other information the Service generates or displays.

•    "Coach" means the conversational feature powered by a third-party artificial-intelligence language model.

•    "Market Data" means price, quote, news, sentiment and related data supplied to the Service by third-party providers.

•    "Content" means all software, text, graphics, data compilations, designs and other material comprised in the Service.

•    "Consumer" means a natural person acting for purposes outside their trade, business, craft or profession.

Headings are for convenience only. "Including" means "including without limitation". A reference to legislation includes its amendments and successors.

3. Eligibility, jurisdiction and sanctions

You may use the Service only if you are at least 18 years old (or the age of majority in your jurisdiction, if higher) and have the legal capacity to enter into a binding contract. The Service is not directed to children, and we do not knowingly permit their use of it.

Local responsibility. The Service is operated from Sweden and made available on an "as available" basis worldwide. We make no representation that the Service, or any Output, is appropriate, lawful or available for use in any particular location. You access the Service on your own initiative and are solely responsible for compliance with all laws, regulations, licensing requirements, tax rules and exchange controls that apply to you where you are located and where you are resident. Where local law would prohibit or restrict the Service or any part of it, you must not use that part.

Prohibited persons and territories. You may not access or use the Service, and no licence is granted to you, if you are: (a) located in, ordinarily resident in, or accessing the Service from a country or territory that is the target of comprehensive economic sanctions or embargo (including those administered by the United Nations, the European Union, Sweden, the United States Office of Foreign Assets Control (OFAC), or the United Kingdom); (b) an individual or entity named on, or owned or controlled by a person named on, any applicable sanctions or restricted-party list; or (c) otherwise barred from receiving the Service under any applicable law. This restriction applies regardless of the disputed, contested or unrecognised status of any territory, and our making the Service technically reachable from a location is not a waiver of it or a representation that use there is lawful. You represent, each time you use the Service, that none of the foregoing applies to you.

4. Accounts and security

Access to certain features requires an account. Authentication is provided through our identity provider, Auth0. You agree to provide accurate information, to keep it current, and to keep your credentials confidential. You are responsible for all activity under your account, whether or not authorised by you, except to the extent caused by our own failure to keep the Service secure.

You must notify us promptly of any unauthorised use of, or security breach affecting, your account. We may suspend or terminate an account, or refuse access, where we reasonably believe these Terms have been breached, where required to protect the Service, other users or ourselves, or where required by law.

5. Nature of the Service

Quant is a charting, screening and analysis tool. It aggregates third-party Market Data, computes technical indicators and hand-tuned scores, displays a BUY, KEEP or EXIT verdict with illustrative entry, target and stop-loss levels, and offers a Coach that discusses that Output. It is provided for general information and educational purposes only.

The Service is not a broker or exchange. It places no orders, holds no assets, custodies no funds and moves no money. It cannot and does not execute any transaction on your behalf. Any decision to trade, and any order you place, is made by you elsewhere, entirely at your own risk.

Automated and AI-generated Output. Output is generated by software and, in the case of the Coach, by an artificial-intelligence language model. It is not reviewed by a person before you see it, has not been validated as a trading strategy, and may be mistaken, internally inconsistent, incomplete, biased or out of date. Several instruments are charted through proxy funds rather than the underlying asset and behave differently from what they stand in for. Market Data may be delayed, gapped, revised or wrong and is used as received.

Preview and change. The Service is under active development and is provided as an evolving preview. We may add, change, suspend, limit or discontinue any feature, instrument, data source or plan at any time, with or without notice, without liability, subject to your mandatory rights and to Section 9 (paid plans).

6. No investment advice; no advisory relationship

Not advice. Nothing the Service provides is investment advice, financial advice, a personal recommendation, or legal, tax or accounting advice, and nothing is an offer, solicitation, inducement or invitation to buy, sell or hold any security, financial instrument or crypto-asset. Output takes no account of your objectives, financial situation, knowledge, experience, risk tolerance or needs, and no assessment of suitability or appropriateness has been or will be made for you.

Not licensed to advise you. The Operator is not registered with the U.S. Securities and Exchange Commission or with any U.S. state as an investment adviser or broker-dealer, is not a member of FINRA or SIPC, and is not authorised by Finansinspektionen or any other competent authority to provide investment services or investment advice under the Swedish Securities Market Act (lag (2007:528) om värdepappersmarknaden) or MiFID II. Using the Service creates no client, advisory, agency or fiduciary relationship and no duty of care in respect of your trading or investment decisions.

Your decision. You act on your own judgement and at your own risk. You should seek advice from a licensed professional in your own jurisdiction before acting on anything you see. The in-app disclaimer presented before each analysis forms part of these Terms; where it and these Terms address the same subject, both apply and the more protective reading in favour of the Operator applies to the extent the law permits.

Risk of loss. Trading and investing carry a substantial risk of loss and are not suitable for everyone. Leveraged, derivative and crypto-asset positions can lose more than their value in a short time. Crypto-assets are largely unregulated and are covered neither by the Swedish deposit guarantee (insättningsgarantin) nor the Swedish investor compensation scheme (investerarskyddet), nor by SIPC protection in the United States. Past, simulated, hypothetical or backtested performance is not a guarantee of future results.

7. Acceptable use

You agree not to, and not to attempt to, or permit or enable any third party to:

•    use the Service unlawfully, fraudulently, or for any purpose prohibited by these Terms or by applicable sanctions or export-control law;

•    present the Output to any third party as investment advice, or resell, redistribute, sublicense, publish or commercially exploit the Output, the Market Data or any Content without our prior written consent and, where applicable, that of the data provider;

•    scrape, harvest, systematically extract, or use bots or automated means to access the Service beyond any published API and its limits;

•    reverse engineer, decompile, disassemble or attempt to derive source code, models or scoring logic, except to the extent this restriction is prohibited by law;

•    circumvent, disable or interfere with security, rate-limiting, metering, paywall or authentication features, or access accounts, data or systems without authorisation;

•    introduce malware, overload, disrupt or impair the Service or its infrastructure, or the third-party services it relies on;

•    misuse the Coach, including to generate unlawful, infringing or harmful content, or to extract training data or provider prompts; or

•    infringe our rights or those of any third party, or remove, obscure or alter any proprietary notice.

We may investigate and take any action we consider appropriate for a suspected breach, including removing content, suspending or terminating access, and cooperating with authorities.

8. Third-party services, data and links

The Service depends on and integrates third-party services, including Auth0 (identity), Stripe (payments), Anthropic (the AI model behind the Coach), and market-data providers such as Alpha Vantage and Twelve Data. Your use of those features may be subject to the third party’s own terms and privacy practices, and Market Data may be subject to the provider’s usage restrictions, which you agree to observe. We do not control and are not responsible for third-party services, data or websites, and provide them "as is". Any dealings you have with a third party are solely between you and that party.

9. Plans, subscriptions and payment

9.1 Free and paid plans

The Service offers a Free plan with a limited allowance of analyses and one or more paid plans ("Pro"). The features and limits of each plan are described in the Service and may change over time. We may adjust the Free allowance for new users at any time; changes do not retroactively add to or remove from an existing balance except by deliberate action.

9.2 Billing through Stripe

Paid plans are sold and processed through Stripe. By subscribing you authorise us and Stripe to charge your chosen payment method the applicable fees, plus any taxes, on a recurring basis until cancelled. You are responsible for keeping payment details valid. Prices are shown in the Service and are exclusive of taxes unless stated; VAT or equivalent will be added where required.

Entitlements are synchronised at sign-in. A purchase may not take effect in the app until your next sign-in. If a charge succeeds but your plan does not update, contact us and we will resolve it.

9.3 Renewal, cancellation and price changes

Subscriptions renew automatically for successive periods at the then-current price unless cancelled before the renewal date. You may cancel at any time, effective at the end of the current paid period; access continues until then. We may change fees or plan features on reasonable prior notice; changes apply from the next renewal, and your continued use after they take effect is acceptance. If you do not accept a change, your remedy is to cancel before it takes effect.

9.4 Consumer right of withdrawal (EU/EEA) and refunds

EU/EEA consumers. You normally have the right to withdraw from a distance contract within 14 days without giving a reason, under Directive 2011/83/EU and the Swedish Distance and Off-Premises Contracts Act (lag (2005:59) om distansavtal och avtal utanför affärslokaler). Because the Service is supplied as digital content and online services, you are asked to expressly request that supply begin immediately and to acknowledge that you thereby lose the right of withdrawal once performance has begun (for services) and once supply of digital content has begun with your consent. Where the right of withdrawal has not been lost, you may exercise it by an unequivocal statement to the contact address below.

Except where a mandatory refund is required by law or by the applicable app or payment platform, fees already paid are non-refundable and cancellation does not entitle you to a refund of the current period. This does not affect any statutory right you have as a consumer.

9.5 Taxes and failed payments

You are responsible for taxes arising from your use other than taxes on our income. If a payment fails or is charged back, we may suspend paid features or downgrade your plan until the amount is settled.

10. Intellectual property

The Service and all Content are owned by the Operator or its licensors and are protected by intellectual-property laws. Subject to your compliance with these Terms and payment of any applicable fees, we grant you a limited, personal, non-exclusive, non-transferable, non-sublicensable and revocable licence to access and use the Service for your own internal, non-commercial purposes. No other rights are granted, and all rights not expressly granted are reserved. "Quant", "Illuminum" and associated logos are marks of the Operator or its licensors and may not be used without permission.

Feedback. If you send us suggestions or feedback, you grant us a perpetual, irrevocable, worldwide, royalty-free licence to use it for any purpose without obligation to you.

11. Personal data and privacy

The Operator is the controller of personal data processed through the Service and processes it in accordance with the EU General Data Protection Regulation (GDPR) and applicable Swedish law, as described in the Privacy Notice, which forms part of these Terms. Depending on your use, this may include account and profile data from Auth0, login records including IP address and approximate location, your favourites, trading sessions, saved analyses, journal notes and Coach transcripts. Payment data is handled by Stripe.

Deleting your data. You may delete your account from within the Service. Deletion removes your identity record at our identity provider and the associated personal data we hold in our database, subject to any retention we are required or permitted by law to apply. Some records may persist in backups for a limited period before being overwritten. Where a deletion step fails, we will tell you and complete it manually.

12. Disclaimer of warranties

To the fullest extent permitted by applicable law, the Service, the Output, the Market Data and all Content are provided "as is" and "as available", with all faults and without warranties of any kind, whether express, implied or statutory, including any implied warranties of merchantability, satisfactory quality, fitness for a particular purpose, accuracy, title and non-infringement, and any warranty arising from course of dealing or usage of trade. We do not warrant that the Service will be uninterrupted, secure, error-free or free of harmful components, that Output or Market Data will be accurate, timely, complete or reliable, or that the Service will meet your requirements or produce any particular result. No advice or information obtained from the Service creates any warranty not expressly stated here.

Some jurisdictions do not allow the exclusion of certain warranties. Nothing in this Section removes a warranty or right that cannot lawfully be excluded, and in that case such warranties are limited to the minimum extent and shortest period permitted by law.

13. Limitation of liability

To the fullest extent permitted by applicable law, and subject to the paragraph on mandatory rights below: 

•    the Operator, its affiliates, officers, employees, agents, suppliers and licensors will not be liable for any indirect, incidental, special, consequential, exemplary or punitive damages, or for any loss of profit, revenue, savings, opportunity, goodwill, data, or any trading or investment loss, however arising and whether or not foreseeable, even if advised of the possibility;

•    our total aggregate liability for all claims arising out of or relating to the Service or these Terms will not exceed the greater of (a) the total fees you paid us for the Service in the three (3) months immediately before the event giving rise to the claim, and (b) one hundred euros (EUR 100); and

•    you acknowledge that the Output is automatically generated general information, that you are solely responsible for your trading and investment decisions, and that we are not liable for any loss arising from your use of, or reliance on, the Output or Market Data.

Mandatory rights preserved. Nothing in these Terms excludes or limits any liability that cannot lawfully be excluded or limited, including liability for fraud or fraudulent misrepresentation, for death or personal injury caused by negligence, for gross negligence or wilful misconduct where such liability cannot be limited, or under any non-excludable statutory guarantee or mandatory consumer-protection law. If you are a Consumer, these Terms do not affect your mandatory statutory rights under the law of your country of residence, and the limitations above apply only to the extent that law permits. Where a limitation is held unenforceable, liability is limited to the least the law allows.

14. Indemnity

To the extent permitted by law, and except where you are a Consumer and applicable law provides otherwise, you agree to indemnify and hold harmless the Operator and its affiliates, officers, employees and agents from and against any claims, liabilities, damages, losses and reasonable expenses (including legal fees) arising out of or connected with your breach of these Terms, your misuse of the Service or Output, your violation of any law or third-party right, or content or instructions you submit. We may assume the exclusive defence of any matter subject to indemnity, and you agree to cooperate.

15. Suspension and termination

You may stop using the Service and delete your account at any time. We may suspend or terminate your access, in whole or in part, immediately and without liability, where you breach these Terms, where necessary to protect the Service or others, or where required by law; where practicable and lawful we will give notice. On termination, the licence granted to you ends and you must stop using the Service. Provisions that by their nature should survive — including Sections 6, 10, 12, 13, 14, 16 and 17 — survive termination.

16. Governing law and dispute resolution

Governing law. These Terms and any dispute or claim arising out of or in connection with them or their subject matter (including non-contractual disputes) are governed by the substantive law of Sweden, without regard to its conflict-of-laws rules and excluding the United Nations Convention on Contracts for the International Sale of Goods. If you are a Consumer, this choice of law does not deprive you of the protection of the mandatory provisions of the law of your country of habitual residence.

Courts. Subject to the following sentence, the courts of Sweden, with the District Court of Stockholm (Stockholms tingsrätt) as court of first instance, have exclusive jurisdiction. If you are a Consumer, you may also bring proceedings in, and may be sued only in, the courts of your country of habitual residence where mandatory law so provides, and nothing here removes your right to rely on mandatory consumer-protection rules or to use any statutory dispute-resolution body available to you.

Consumer alternative dispute resolution. EU/EEA consumers may refer a dispute to the Swedish National Board for Consumer Disputes (Allmänna reklamationsnämnden, ARN, www.arn.se) or an equivalent body in their country. We are not obliged to participate but will consider doing so in good faith.

Users in the United States — arbitration and class-action waiver. If and to the extent permitted by applicable law, you and the Operator agree that any dispute that is not resolved informally will be settled by final and binding individual arbitration rather than in court, that disputes will be brought only in an individual capacity and not as a plaintiff or class member in any class, collective or representative proceeding, and that you and we waive any right to a jury trial. This paragraph does not apply where it is unenforceable under the law that governs you, does not prevent either party from seeking injunctive relief for infringement or misuse of the Service, and does not affect the rights of Consumers described above.

Informal resolution and time limit. Before commencing any proceeding, you agree to contact us and attempt in good faith to resolve the matter for at least 30 days. To the extent permitted by law, any claim must be brought within one (1) year after it arises, failing which it is permanently barred; this does not shorten a mandatory statutory limitation period that applies to a Consumer.

17. Changes to these Terms

We may update these Terms from time to time. When we do, we will revise the version identifier and effective date and, for material changes, take reasonable steps to notify you (for example, in the Service or by asking you to accept again). Changes take effect when posted or on any later stated date. Your continued use after changes take effect is acceptance; if you do not agree, you must stop using the Service and may cancel any paid plan. We keep versioned records so that an acceptance can be tied to the text that was shown.

18. General

•    Entire agreement. These Terms, the in-app disclaimer and the Privacy Notice are the entire agreement between you and us about the Service and supersede prior understandings.

•    Severability. If any provision is held invalid or unenforceable, it is modified to the minimum extent necessary or severed, and the remaining provisions continue in full force. An unenforceable term is not to be construed to invalidate the terms around it.

•    No waiver. Our failure to enforce a provision is not a waiver of it.

•    Assignment. You may not assign these Terms without our consent. We may assign them to an affiliate or in connection with a merger, acquisition or sale of assets.

•    Force majeure. We are not liable for any failure or delay caused by events beyond our reasonable control, including outages of third-party providers, market-data feeds, connectivity, acts of government, or force majeure.

•    Notices and relationship. We may give notices through the Service or by email. Nothing in these Terms creates a partnership, agency or employment relationship.

•    Language. These Terms are provided in English. Any translation is for convenience; in the event of conflict the English version prevails, except where mandatory consumer law in your language requires otherwise.

19. Contact

Illuminum AB  (org.nr 559359-4343, VAT SE559359434301), Sweden

Email: david.jirout@illuminum.se

These Terms are version 2026-08-11, effective 11 August 2026.