General Terms and Conditions 2025

Article 1. Definitions

1.1 In these general terms and conditions, the following definitions apply:

  • Subscription: the Agreement whereby the Client, in exchange for periodic payments, can automatically follow Trading Systems using their own securities account for a specified term;
  • Broker: the Broker is the specific company where both the trader and the investor have a securities account that is compatible with the Software. The Client can trade and monitor the Trading Systems via this securities account. The name of this Broker is stated on the Website;
  • Client: the investor who has taken out a Subscription via Systems2follow to a Trader's Trading System and wants the Trading Signals from this system to be automatically executed on his/her securities account with the affiliated Broker;
  • Traders: Traders are individuals/companies with experience in trading. They use a trading system for this purpose. Traders provide trading signals automatically or manually via the services of Systems2follow. Traders follow the trading system themselves with their own investor account. Traders can publish their performance on the Systems2follow platform.
  • Trading signal: buy or sell order for a specific security from a Trader;
  • Trading System: A trading system is a method developed by a trader to achieve good results on the stock market. Such a method may depend on the trader's intuition, but in most cases it is also computer-controlled. A successful Trading System is often based on various techniques, such as technical analysis, fundamental analysis, different algorithms, quantitative analysis, and all other conceivable methods that a Trader uses to determine what to invest in.
  • Agreement: the agreement(s) that Systems2follow enters into with the Client with regard to the Subscription. This includes the duration of the Subscription and the price of the Subscription;
  • Personal data: all information about an identified or identifiable natural person, as referred to in Article 4(1) of the General Data Protection Regulation, which Systems2follow processes;
  • Software: the software used by Systems2follow to automatically copy Traders' Trades to the Client's securities account with the Broker;
  • Systems2follow: Systems2follow, a trade name of Hoefnagels & Partners B.V., is a company that connects Traders and Clients via an online platform and the Software. Systems2follow is a user of these general terms and conditions, which have been declared applicable in accordance with Article 2. The terms "us" and "we" therefore refer to Systems2follow.
  • Trading: executing a transaction (hereinafter: "Trade"), meaning the purchase or sale of securities, such as shares, bonds, options, or futures contracts;
  • Website: the internet page https://www.systems2follow.com, on which, among other things, the results (returns) of various investment systems are published. In addition, Systems2follow offers Traders the opportunity to publish further information about their Trading System.

1.2 In the definitions included in this article (1), the singular shall be deemed to include the plural and vice versa.

Article 2. Applicability

2.1 These general terms and conditions apply to all legal relationships between Systems2follow and the Client. Systems2follow declares these general terms and conditions applicable to every offer made by Systems2follow to the Client and to any Agreements entered into between the parties, whether or not arising from such offers.

2.2 These general terms and conditions also apply to all agreements with Systems2follow, for the execution of which third parties must be involved.

2.3 Systems2follow has the right to unilaterally amend these general terms and conditions during the term of a current agreement with the Client. These amendments will apply from the moment that Systems2follow has declared the new version applicable in writing and has sent it to the Client.

2.4 The applicability of any purchasing or other terms and conditions of the Client is expressly rejected.

2.5 In the event of any conflict between these general terms and conditions and the Agreement, the terms and conditions set out in the Agreement shall prevail.

2.6 If one or more provisions in these general terms and conditions are invalid or void, the remaining provisions of these general terms and conditions will remain fully applicable. Systems2follow and the Client will then enter into consultation in order to agree on new provisions to replace the invalid or void provisions, whereby, if and insofar as possible, the purpose and meaning of the original provision will be taken into account.

Article 3. Performance of the agreement

3.1 Clients can subscribe to a Trading System of their choice via the Systems2follow platform. Once the Client has paid the subscription fee, he/she will be granted a right to use the Software during the subscription period.

3.2 Once logged into the Software platform, the Client can connect to the Trading System of his/her choice. The Client hereby gives permission for the Trades resulting from the chosen Trading System to be automatically copied and executed on his/her securities account with the Broker.

3.3 The Software only works if the Client has an investor account with the Broker. If the Client has taken out a Subscription to a Trading System, the Client must therefore ensure that the account is actually opened. Subscription fees are non-refundable.

3.4 Systems2follow may need to change its affiliated Broker, for example because the Broker stops offering the relevant services. In that case, Systems2follow will look for a comparable broker as soon as possible in order to continue the Subscription. During the period in which orders cannot be executed, the subscription will be frozen. This means that open positions will be retained, but no new Trading Signals can be received temporarily. The subscription will be extended free of charge for the duration of this period.

3.5 If the Client uses our services to place investment orders, he/she places those orders with the Broker and not with us. We only offer the Client the opportunity to use our services as a tool.

3.6 If a Trader decides to discontinue his/her Trading System for personal reasons, health reasons, poor results, or if Systems2follow decides to discontinue offering the Trading System because it no longer works or no longer produces results, Systems2follow will offer a suitable alternative. Refunds of the subscription fee are not possible. The remaining term of the subscription can be used by the subscriber to follow the alternative system, or the subscriber can choose to pause the term of the subscription and rejoin at a later date.

Article 4. Other obligations and options of the Client

4.1 By taking out a subscription and using our services, the Client declares that he/she is 18 years of age or older and will not use the Subscription to invest funds professionally. If the Client does so, he/she will be in default by operation of law and will owe Systems2follow an immediately payable penalty of €10,000 per violation, as well as a penalty of €1,000 for each day that the violation continues continues after notification of its discovery by Systems2follow, without prejudice to Systems2follow's right to claim full compensation instead.

4.2 The Client has full control over his/her securities account with the Broker and is therefore logically responsible for it at all times.

4.3 The Client must ensure that he/she has sufficient funds in his/her account to follow the Trading Signals. For each Trading System, it is clearly indicated how much money must be available in order to participate. Insufficient funds may result in Trades not being able to be executed on his/her securities account. Not having sufficient funds in the account may cause the Client to miss out on returns. This is at the Client's own expense and risk.

4.4 The Client must ensure that the trading permissions are set up in such a way that the trader's Trades are permitted on his/her account. Example: if a Trading System trades in 'American futures', a Client must ensure that he/she has permission to trade in 'American futures' on his/her securities account. These trading permissions can be set up on the securities account with the Broker.

4.5 The Client is free to connect to and disconnect from the Trading System to which he/she has a subscription during the subscription period. Disconnecting does not entitle the Client to an extension of the subscription period.

4.6 The Client may intervene at any time during the subscription period at his or her own discretion. The Client must indicate this himself or herself via the Software, in accordance with the instructions in the Software manual. Intervention means that he or she can close positions taken or block new positions. This allows the Client to retain full control over his or her securities account.

4.7 If a Client no longer wishes to use Trading Signals, he/she can pause or unsubscribe from them. Unsubscribing or pausing does not entitle the Client to a refund of the subscription fee. If a profit fee is payable, it will be calculated on the basis of the High-Water Mark principle. If the Client stops following prematurely, this will be at their own expense. If a Client does not pay the profit fee invoice within 14 days, they will automatically be put on hold until payment is received.

4.8 The Client is not permitted to make his/her login details available to others or to grant them access to the services.

Article 5. Transfer

5.1 The Client hereby grants Systems2follow the right, in advance and without requiring the Client's express consent, to transfer the entire Agreement or parts thereof.

Article 6. Contract term

6.1 The Agreement between Systems2follow and the Client is entered into for a fixed term, unless the content, nature, or scope of the Agreement dictates otherwise or the parties expressly agree otherwise in writing.

6.2 The Subscription commences at the moment the Client has paid the price for the Subscription, unless another start date has been expressly agreed.

6.3 If the Client no longer wishes to use the Trading Signals, he/she can unsubscribe/pause the Trading Signals on the Software platform. This does not affect the subscription (or its continuation) and the subscription price due.

Article 7. Prices

7.1 The costs of a Subscription for each Trading System are stated on the Website. For Subscriptions that have been taken out, the first payment is due in advance. Any price increases for the Trading System will only apply to the Agreement from the date of (automatic) renewal or from the date on which a new Agreement is taken out.

7.2 Subscription fees may be fixed and/or variable, depending on the choice of Trading System. Variable fees consist of a profit fee, which is calculated on a High-Water Mark principle.

7.3 The profit fee is calculated monthly by Systems2follow on the first day of each calendar month according to the High-Water Mark principle. This takes into account the profit realized since the last calculation. If a profit has been made, the Client will receive an invoice and/or payment request. The Client is obliged to pay this invoice within the payment term specified in Article 8. Upon termination of the Subscription, the profit fee will be determined pro rata on the end date based on the profit realized since the last calculation, regardless of the amount of that profit.

7.4 The amounts stated in the Agreement and on the Website do not include any costs incurred by the Client with the Broker. The agreement between the Client and the Broker is separate from the Agreement.

Article 8. Payment

8.1 Payment of the invoice sent by Systems2follow must be made within 14 days of the invoice date, without deduction, discount, or set-off. Payment must also be made in Dutch currency by means of a deposit into a bank account designated by Systems2follow. Objections to the costs owed do not suspend the Client's payment obligation.

8.2 If the Client fails to make payment within the specified period, the Client will be in default by operation of law, without further notice of default being required. The Client will then owe the statutory interest or the statutory commercial interest (in the case of commercial transactions). Interest on the amount due will be calculated from the day the Client is in default until the day of full payment.

8.3 The subscription fee is payable in advance for the agreed subscription period.

8.4 Systems2follow is primarily entitled to apply payments made by the Client first to reduce the costs, then to reduce the interest due, and finally to reduce the principal and current interest. Systems2follow may, without being in default, refuse an offer of payment if the Client specifies a different order of allocation.

8.5 Systems2follow may refuse full repayment of the principal if the outstanding and current interest and costs are not also paid.

Article 9. Interest and collection

9.1 If the Client is a consumer and he/she has not fulfilled the payment obligation or has not fulfilled it in full after the first payment term has expired, Systems2follow will send the Client a written reminder to pay the outstanding amount and the statutory interest thereon within a second term of 14 days, with a notice of the extrajudicial collection costs in accordance with the scale of extrajudicial collection costs (BIK). If the Client has not fulfilled their payment obligation in full or in part within the second term, the extrajudicial collection costs will be due, as well as the statutory interest on the extrajudicial costs from the day on which they became due.

9.2 If the Client is not a consumer and has not fulfilled or has not fully fulfilled the payment obligation after the expiry of the first payment term, as stated in Article 8, paragraph 1, the actual extrajudicial collection costs, as well as the statutory interest on the extrajudicial costs from the day they became due, will be payable.

9.3 Systems2follow will send the Client a written demand for payment of the outstanding amount, the interest due on the outstanding amount, the extrajudicial collection costs, and the statutory interest thereon. This will take place within a maximum period of 7 days.

9.4 If, after the expiry of the final deadline, the Client has not fulfilled its payment obligation, either in full or in part, Systems2follow will be entitled to bring legal proceedings against the Client. All legal and/or enforcement costs incurred by Systems2follow as a result of the Client's failure to comply will also be borne by the Client.

Article 10. Termination

10.1 The Agreement entered into for a fixed term cannot be terminated prematurely by the Client. The Client may terminate the fixed-term Subscription with due observance of a notice period of 14 days before the end of the agreed subscription period.

10.2 If the Customer is not a consumer, the following applies: at the end of the agreed subscription period, the Subscription will be automatically renewed for the same period at the then applicable subscription price for the same product, unless the Customer cancels the Subscription with due observance of a notice period of 14 days before the end of the agreed subscription period.

10.3 If the Client is a consumer, the following applies: after the agreed subscription period has expired, the Subscription will be automatically renewed for an indefinite period at the then applicable subscription price for the same product, unless the Client cancels the Subscription with due observance of a notice period of 14 days before the end of the agreed subscription period. After renewal, the Customer may cancel the Subscription at any time with 14 days' notice. If the Customer validly cancels the Subscription before the end of the payment period, the subscription fee already paid for the remaining payment period from the end date of the Subscription will be refunded.

10.4 Termination of a Subscription can be done electronically (via an unambiguous email to info@systems2follow.com) or by post. The moment of receipt of the message will be considered the moment at which the cancellation is made.

10.5 Systems2follow is entitled to terminate a Subscription with the same notice period as applies to the Client in question.

10.6 If the Subscription is terminated by the Client without observing the notice period, Systems2follow is entitled to 100% of the subscription price for the subscription period.

10.7 By entering into the Agreement, the Client expressly agrees to a continuous subscription, which will be automatically renewed after the initial period in accordance with the preceding paragraphs. Systems2follow will inform the Client by email at least fourteen (14) days before the renewal date about the upcoming renewal and the subscription price applicable at that time.

10.8 If the Client has provided authorization for direct debit, Systems2follow is entitled to automatically debit the costs owed. If this direct debit is unsuccessful or is reversed, the Client is still obliged to pay the amounts owed within the period specified in Article 8.

Article 11. Suspension and termination

11.1 Systems2follow is entitled to suspend the fulfillment of its obligations with immediate effect, without any obligation to pay compensation, or to terminate the Agreement if:

  • The Client fails to fulfill the obligations under the Agreement, either in whole or in part;
  • After concluding the Agreement, circumstances that come to the attention of Systems2follow give good reason to fear that the Client will not fulfill its obligations. If there is good reason to fear that the Client will only partially fulfill its obligations or will not fulfill them properly, suspension is only permitted to the extent that the shortcoming justifies it;
  • Upon conclusion of the Agreement, the Client is requested to provide security for the fulfillment of its obligations under the Agreement, and this security is not provided or is insufficient;
  • Systems2follow has valid reasons for doing so, such that it cannot reasonably be expected to continue the Subscription. For example, if the provision of the services entails unforeseen and disproportionately high costs.

11.2 If the Agreement is terminated, Systems2follow's claims against the Client will become immediately due and payable. If Systems2follow suspends the fulfillment of its obligations, Systems2follow will retain its rights under the law and the Agreement.

11.3 Systems2follow reserves the right to claim compensation at all times.

Article 12. Liability

12.1 Systems2follow accepts no liability whatsoever for any damage suffered by the Client or third parties, such as lost profits or losses, in any manner or on any basis whatsoever, arising as a result of the use (or, conversely, the inability to use), reliance on, or actions taken in response to the use of our services.

12.2 If the above exclusion of liability is ineffective, this liability shall be limited to the provisions set out in this clause.

12.3 Systems2follow is not liable for damage of any kind insofar as Systems2follow has relied on incorrect and/or incomplete information provided by the Client, unless this incorrectness or incompleteness should have been apparent to Systems2follow.

12.4 Damage is exclusively understood to mean: damage to persons, damage to property, and direct financial loss. Systems2follow is never liable for indirect damage, including but not limited to: consequential damage, lost profits, lost savings, and damage due to business interruption.

12.5 Systems2follow shall at all times be entitled to prevent or reduce, as far as possible, any damage suffered or to be suffered by the Client.

12.6 Systems2follow's liability shall in any case be limited to a maximum of twice the invoice amount of the relevant Agreement, or at least of that part of the Agreement to which the liability relates.

12.7 The exclusions and/or limitations of liability for damage included in these general terms and conditions do not apply if the damage is due to intent or gross negligence on the part of Systems2follow or its subordinates.

12.8 The Client waives the right to hold persons or legal entities employed by or affiliated with Systems2follow liable for breach of contract or tort. The limitations of liability set out in these general terms and conditions are also stipulated for the benefit of persons or third parties engaged by Systems2follow, who therefore have a direct right to invoke these limitations of liability.

Article 13. Force majeure

13.1 The parties are not obliged to fulfill any obligation if they are prevented from doing so as a result of a circumstance that is not attributable to fault, nor is it for their account under the law, a legal act, or generally accepted practice.

13.2 In these general terms and conditions, force majeure is understood to mean, in addition to what is understood in this regard in law and case law, all external causes, foreseen or unforeseen, over which Systems2follow has no influence, but as a result of which Systems2follow is unable to fulfill its obligations, such as a malfunction.

13.3 Systems2follow also has the right to invoke force majeure if the circumstance preventing (further) performance occurs after Systems2follow should have fulfilled its obligations.

13.4 The parties may suspend their obligations under the Agreement for the duration of the force majeure. If this period lasts longer than two months, either party is entitled to terminate the Agreement without being obliged to compensate the other party for any damage.

Article 14. Processing of personal data

14.1 Within the framework of the Agreement, it is necessary for Systems2follow to process personal data of the Client, such as name, email address, telephone number, and IBAN number. We handle the personal data of Clients with care. We do this in compliance with the General Data Protection Regulation (GDPR).

14.2 Systems2follow will inform the Client as soon as possible about the discovery of a data breach involving the Client's personal data. Systems2follow will then keep the Client informed of new developments regarding the data breach.

14.3 When the Agreement between Systems2follow and the Client ends, Systems2follow will return the personal data it has processed in the performance of the Agreement to the Client and/or destroy it, unless a legal retention obligation prevents this.

Article 15. Intellectual property

15.1 All intellectual property rights remain vested in Systems2follow. Nothing in the Agreement or these terms and conditions is intended to transfer any intellectual property rights to the Client. The Client only acquires a limited right to use our services.

15.2 All products/services provided by (or via) Systems2follow are intended exclusively for use by the Client and may not be reproduced, published, exploited, or disclosed to third parties by the Client without the prior written consent of Systems2follow, unless the nature of the documents provided dictates otherwise. If the Client does so without prior written consent, he/she will be in default by operation of law and will owe Systems2follow an immediately payable penalty of €10,000 per violation, as well as a penalty of €1,000 for each day that the violation continues continues after notification of its discovery by Systems2follow, without prejudice to Systems2follow's right to claim full compensation (including lost profits) instead.

Article 16. Disclaimer

16.1 Investing involves costs and risks. Clients may lose (part of) their investment. The use of our services is entirely at the Client's own expense and risk. Past performance is no guarantee of future results.

16.2 Systems2follow is a software company that offers solutions in the field of financial information. Systems2follow is not a financial services provider or investment firm and does not provide financial advice. We are not supervised by the Netherlands Authority for the Financial Markets (AFM) and are not subject to licensing requirements. The brokers linked to our platform are, of course, supervised by the relevant authorities.

16.3 Systems2follow is not responsible for the quality/working methods of the Trader. Communications from us or from third parties such as Traders do not contain investment advice regarding the purchase or sale of securities. These communications are always intended to be general in nature and are not tailored to the Client's personal situation. The Client must assess for themselves whether and how they wish to use communications or Trading Signals. The Client is responsible for their choice of Trading System.

16.4 The information on the Website and in the Software is compiled with care, but it remains human work. Systems2follow is not bound by obvious errors.

16.5 Systems2follow will do everything within its power to keep its services and the Software available online at all times and to prevent errors, but cannot be held liable for damage resulting from any defects therein. This is because the Software is highly dependent on third parties. Systems2follow will endeavor to remedy any defects as quickly as possible.

16.6 If there is reason to do so, we may, at our discretion, develop the services we offer. In particular, we are entitled to perform updates and modify or remove Trading Systems from our platform. We will communicate any changes that affect the Client's use. Systems2follow is not liable for any damage resulting (indirectly) from this, and such changes to the services do not entitle the Client to terminate the Agreement.

16.7 Systems2follow is not responsible for the correct, timely, and complete transmission of the content of an email or other messages sent, nor for their timely receipt.

Article 17. Right of withdrawal

17.1 If the Client is a consumer and the Agreement is subject to the right of withdrawal, the Client may withdraw from the Agreement concluded with Systems2follow within a period of 14 days after concluding the Agreement without giving reasons.

17.2 To exercise the right of withdrawal, the Client must inform us of their decision to withdraw from the Agreement by means of an unambiguous statement (e.g. in writing by post or email). The Client may use the model withdrawal form available on our Website for this purpose, but is not obliged to do so. The Client can find our contact details on the Website and in these general terms and conditions.

Article 18. Expiration period

18.1 Unless otherwise specified in these general terms and conditions, any claims and other powers of the Client, on whatever grounds, against Systems2follow in connection with the performance of work by Systems2follow shall in any case lapse 1 year after the moment at which the Client became aware or could reasonably have been aware of the existence of these rights and powers.

Article 19. Contact details

19.1 Systems2follow contact details:

  • Email: info@systems2follow.com
  • Phone: +31 (0) 851 309 247
  • Chamber of Commerce number: 14634755
  • Bank account: NL48 INGB 0009 5166 99
  • Address: Emmalaan 7, 1075 AT, Amsterdam

Article 20. Applicable law and choice of forum

20.1 All agreements between Systems2follow and the Client are governed by Dutch law.

20.2 All disputes between Systems2follow and the Client shall be settled exclusively by the competent court in the district in which Systems2follow has its place of business, unless another court has jurisdiction on the basis of mandatory law. Nevertheless, Systems2follow has the right to submit the dispute to the court competent under the law.

Article 21. Refund Policy

21.1 Refunds are generally not possible for digital products and subscriptions from Systems2follow, unless required by law or otherwise agreed in writing.

21.2 If the Client, as a consumer, exercises the right of withdrawal as referred to in Article 17, a full refund will be made within 14 days of receipt of the notice of withdrawal.

21.3 Refunds will be made using the same payment method used by the Client, unless otherwise agreed.

21.4 If the Client cancels or pauses the subscription after the withdrawal period, there is no right to a refund for the remaining term.

Article 22. Delivery policy

22.1 Upon receipt of payment from the Client, the Client will receive access to the digital subscription and personal account environment within 24 hours.

22.2 The subscription remains active during the agreed subscription period.

22.3 Systems2follow's services are only available to Clients who have a securities account with one of Systems2follow's partner brokers.

22.4 Certain restrictions or export restrictions may apply in certain countries. The Client is responsible for checking whether participation is permitted in his or her country of residence.

Final provision

These terms and conditions were last amended on July 4, 2025.