Private Beta Terms
Version 1.0 · Effective as of September 1, 2026
Courtesy translation. This English version is provided for convenience only. The Spanish version is the only legally binding text and prevails in the event of any discrepancy (Terms and Conditions, clause 18.4). Read the Spanish version
These Beta Terms supplement the Terms and Conditions, the Risk Disclosure, and the Privacy Notice of FARO Markets. During the Beta, if there is a conflict between documents, this one prevails.
1. What the Beta is
It is a private, invitation-only trial period with 20 initial spots, whose purpose is to validate the product, token consumption, prices, and the experience with real users before the commercial launch. The product is in testing: it may have errors, interruptions, and frequent changes.
2. Access
2.1. The invitation is personal and non-transferable. It may be used only by the person to whom it was sent.
2.2. FARO Markets may limit, suspend, or revoke access to the Beta at any time, without needing to justify the reason, with notice by email.
2.3. The eligibility requirements and the restricted jurisdictions of the Terms and Conditions apply.
3. Free of charge and courtesy tokens
3.1. The Beta is free of charge. No License fee is charged and no payment method is requested. No charge will be activated without prior notice and the express acceptance of the User.
3.2. Each account receives an initial pool of 1,000,000 courtesy FARO Tokens. These tokens have no monetary value, are not transferable, redeemable, or refundable, and expire when the Beta ends or when the account is closed, whichever occurs first. FARO Markets may adjust the pool if consumption departs from what was expected, with notice.
3.3. The consumption shown during the Beta is indicative. The final prices of the License and of the token packages will be communicated before the commercial launch and will require express acceptance.
4. State of the product
4.1. The service is offered “as is,” with no guarantee of availability, timeliness, or continuity. Reports may be delayed, not delivered, or contain errors.
4.2. The features, the available frequency, the format of the reports, and the delivery channels may change without prior notice.
4.3. FARO Markets may reset test data (generated reports, hit-and-miss tracking, courtesy balance) by giving at least 5 calendar days’ notice. The User’s List and Positions are retained unless otherwise notified.
4.4. Hit-and-miss tracking during the Beta has little data and short horizons. It should not be used to assess the future quality of the service.
5. Use of the reports
The reports are for personal use. The User may publicly comment on their experience with FARO Markets, but may not redistribute complete reports, nor use them to advise third parties.
6. Feedback
6.1. FARO Markets may invite the User to answer surveys or take part in brief interviews. Participation is voluntary.
6.2. The comments, suggestions, and ideas that the User shares may be used freely to improve the product, without compensation or any obligation of confidentiality.
7. Data
The processing of data is governed by the Privacy Notice. During the Beta, usage data (frequency, assets queried, consumption, errors) is analyzed in greater detail in order to fix the product. Recording Positions remains optional and subject to express consent.
8. Risks
The Risk Disclosure applies in its entirety. Being free of charge does not change the nature of the service: the reports are automated analysis for informational and educational purposes, not investment advice.
9. End of the Beta
9.1. FARO Markets will give notice of the end of the Beta at least 15 calendar days in advance.
9.2. When it ends, the User may migrate to a commercial plan by accepting the prices and terms then in effect, or close their account. If the User does not choose, the account becomes inactive with no charges.
9.3. Courtesy FARO Tokens expire when the Beta ends. Reports generated during the Beta remain available for download for 30 calendar days after it ends.
10. Contact
Questions about the Beta: contacto@faromarkets.com.