Legal notice

Last updated: 03.09.2026

Provider: Delvarom Systems S.R.L. · Trade Register J2023000424528 · VAT: RO48122681 · Strada Ghioceilor Nr. 33J, Camera 1, Săbăreni, Giurgiu county, Romania · delvarom@delvarom.com

This page gathers in one place what Relay2Trade is, what it is not, the legal framework it was designed to operate in, and what you should know before using it. It does not replace the Terms of Service — those are the contract; this is the explanation.

Who we are

Delvarom Systems S.R.L. is a Romanian software company based in Săbăreni, Giurgiu county. We build and license Relay2Trade, a desktop application. We are not a broker, not an investment firm and not an investment adviser. You can reach us at delvarom@delvarom.com or through the contact page.

What Relay2Trade is

Software you install and run on your own Windows machine, under license. It reads messages from chat groups you are a member of, extracts the parameters of a trade with the help of an AI model, and places the orders on your own MetaTrader 5 account, at your own broker, according to rules you configure. The app is a free download; the license is a subscription. The full description is on the How it works page.

What Relay2Trade is not

Not a broker or a trading venue. We never hold, receive or transfer funds. Your account is at your broker, under their terms.
Not portfolio management, not copy trading. No order is placed by us or on our systems. We have no access to your broker account, do not hold its credentials, and have no discretion over any trade. Our servers run only your account, the license, the parsing of a message and — if you turn it on — remote sync.
Not investment advice. We do not pick, rate, sell or recommend signals, groups or instruments. We do not provide, vet or endorse any signal group. The list of groups is yours.
Not a promise of results. The app executes your configuration, nothing more. Any promise of returns, from anyone, deserves suspicion.

Regulatory basis

Managing someone else's account on a discretionary basis is a regulated activity almost everywhere, and rightly so. Relay2Trade is deliberately built so that we never do it: the software runs on your device, under your configuration, with no mandate from you to us. The relevant frameworks, by jurisdiction:

Jurisdiction	Basis	Sources
European Union	MiFID II (Directive 2014/65/EU) defines portfolio management in Art. 4(1)(8) as managing portfolios on a discretionary, client-by-client mandate; it is investment service A(4) in Annex I, and Art. 5(1) makes it subject to prior authorisation. ESMA's supervisory briefing on copy trading (ESMA35-42-1428, 2023) treats copy and mirror trading as automatic execution of trade signals — that is, portfolio management.	MiFID II ↗ ESMA briefing ↗
Romania	Legea nr. 126/2018 privind piețele de instrumente financiare: „administrarea portofoliilor” is defined in art. 3 alin. (1) pct. 3; art. 10 alin. (1) allows investment services to be provided only under an ASF authorisation; art. 262 makes unauthorised provision the offence of exercising a profession without right (art. 348 Cod penal).	Legea 126/2018 ↗
United Kingdom	FSMA 2000 s. 19 (the general prohibition) and s. 23 (an offence carrying up to two years' imprisonment); the Regulated Activities Order 2001, art. 37 “managing investments”. The FCA's copy-trading guidance states that where no manual input from the account holder is needed, the service is portfolio management.	FSMA s. 19 ↗ RAO art. 37 ↗ FCA on copy trading ↗
United States	Commodity Exchange Act, 7 U.S.C. § 2(c)(2)(C)(iii), and CFTC Regulation 17 CFR § 5.1(e): anyone exercising discretionary trading authority over a retail forex account must be registered as a Commodity Trading Advisor and be an NFA member. For securities, the Investment Advisers Act of 1940 (15 U.S.C. § 80b-2(a)(11), § 80b-3) applies.	7 U.S.C. § 2 ↗ 17 CFR Part 5 ↗ NFA: who must register ↗

This is not legal advice. If you are unsure whether automating your own account is permitted in your jurisdiction or under your broker's terms, ask them. If you want every order to pass through a decision of your own, run your listeners in manual mode: the app shows you the parsed signal (instrument, direction, entry, stop-loss, take-profit) and nothing reaches your broker until you confirm.

Risks

Leveraged products (CFDs, forex, metals, indices) carry a high risk of losing money rapidly. Most retail accounts lose money. Never trade money you cannot afford to lose.
Signal groups are third parties. We do not verify them. Their past results say nothing about future ones, and fraudulent “signal providers” exist.
Automation amplifies. A wrong signal, a misconfigured limit, or a broker-side condition (slippage, spread, requotes, gaps) is executed exactly as configured. Test on a demo account first; keep the limits tight.
Technical dependencies. Your machine, your connection, Telegram, your broker's servers, MetaTrader 5 and our parsing service can each be unavailable. A message not received, not parsed, or parsed wrongly means a trade not placed or placed differently.
Responsibility. Every order the app places is the result of your configuration on your account. The trades, the limits, the groups, and compliance with your broker's terms and the law that applies to you are your responsibility.

Your responsibilities

Check that your broker permits automated trading. Most MT5 brokers accept Expert Advisors; some restrict certain strategies or account types.
Respect Telegram's terms. The app uses your own account, reads only chats you are a member of, and sends nothing on your behalf. A group's own rules may forbid reading its messages with third-party software — that is between you and that group.
Taxes on trading results are yours.
Some countries restrict or prohibit retail leveraged trading. The software being available does not mean using it is lawful where you are.
If you run it on a VPS, that machine and its security are yours.

Your consumer rights

If you are a consumer, the subscription is a distance contract for digital content. Under Romanian law (OUG 34/2014, implementing Directive 2011/83/EU) you may withdraw within 14 days of the first purchase; because the license activates immediately at your express request, the refund is proportional to the unused part of the period — details in the Terms, §7. You can delete your account at any time from the account page, and cancel the subscription at any time, with access continuing to the end of the paid period.

For any complaint, write to us first at delvarom@delvarom.com. You may also address the Romanian National Authority for Consumer Protection (anpc.ro), including its alternative dispute resolution procedure (SAL), or the EU online dispute resolution platform (ec.europa.eu/consumers/odr).