Terms

Until 23 November 2026, the previous version of the Terms (in Polish) applies. § 3b (Hetman studies for Sierra Chart) applies from 9 November 2026 – it grants Members additional rights and was added in the same wording to the previous version of the Terms.

§ 1. General provisions and definitions

Provider: JDN Justyna Dawidowicz, Moderska 12A, 62-062 Strykowo, NIP 7773356501, trading as Hetman Capital. Contact: kontakt@hetmancapital.com.
Website: the website at hetmancapital.com.
Club: the Hetman Capital Club online community at club.hetmancapital.com, operating on the Circle platform (Circle.so, Inc.), including its mobile apps.
User: anyone using the Website or the Club.
Member: a User who has created a Club account. Paid Member: a Member who has purchased a Membership.
Membership: paid access to the paid part of the Club under the selected package and billing period, as described on the checkout page.
Terminal: ♛ Hetman Terminal, i.e. the browser-based order flow tools (formerly the “order flow panel”) available at panel.hetmancapital.com, provided to Members under § 3a.
Hetman Index (IHA): the Service Provider’s training instrument whose prices, volume and order flow are simulated data generated by the Service Provider’s software independently of the prices of any exchange. IHA is not a financial instrument, cannot be traded and does not reflect the price of any market.
Consumer: a natural person entering into a contract not directly related to their business or profession. Consumer provisions also apply to a sole trader where the contract is not of a professional nature for them (Art. 38a of the Polish Consumer Rights Act).
These Terms are the terms of providing electronic services within the meaning of the Polish Act of 18 July 2002 on Providing Electronic Services. Every User must comply with them.

§ 2. Website services

The Provider offers the following free services on the Website: browsing content, a contact form, a newsletter, and links to social media channels and the Club.
The agreement to use the Website is concluded when you open the Website and ends when you leave it. The agreement to use the contact form is concluded when you send a message and expires once a reply is given. The newsletter agreement is concluded for an indefinite period when you confirm your subscription via the link sent to your e-mail address; you may terminate it at any time by clicking “unsubscribe” in any message.
Technical requirements: a device with internet access, an up-to-date web browser with JavaScript enabled and, for the form, an active e-mail address.
Users must not provide unlawful content.

§ 3. Hetman Capital Club

The Club consists of a free zone, available after creating an account, and a paid part available with a Membership. The current scope of each zone and plan is described in the Club and on the checkout page.
As part of the Membership, the Service Provider may provide in particular: pre-session analyses, live broadcasts teaching order flow during US session hours and their recordings, the Terminal, a trading journal, educational materials and courses, and discussion spaces. Content is available in Polish. The rules of the Hetman and King packages (work with the Service Provider in a group and one-on-one) are set out in § 4a.
Creating a Club account requires accepting these Terms and the Circle platform terms. Accounts are personal and must not be shared.
Live broadcasts in the Club are recorded and made available to Members in the recordings archive. Questions and messages sent during a broadcast, together with the author’s name or nickname, may be visible or read out in the recording, and short clips may be published in the Club space “Hetman’s best moments”, available to Members of paid plans. A Member who does not want their message or nickname to appear in a clip may ask at kontakt@hetmancapital.com for it to be removed or blurred. Conversations in the voice room are not recorded.
In live broadcasts, both the free ones on social media and those in the Live Room space, order flow is taught on the Hetman Index (IHA). Charts, levels and readings shown on IHA are practice material: they are not market prices, do not show the Service Provider’s transactions, orders or positions and do not predict the moves of any market. The Service Provider trades on its own account privately, outside the broadcasts. Free broadcasts may show a ticker bar from an external widget (e.g. TradingView), provided under its provider’s terms.
The Provider may develop and change the Club content, provided this does not materially reduce the service paid for by a Paid Member in the current billing period.
Technical requirements for the Club: a device with internet access and an up-to-date web browser or the Circle app (iOS, Android, desktop), an active e-mail address; a connection of at least 5 Mbps is recommended for live streams.
Members may delete their Club account at any time (account settings) or ask for it at kontakt@hetmancapital.com. Deleting a free account ends the contract for using the Club. Deleting an account does not release the Member from paying for the current, already paid Membership period, subject to § 5.

§ 3a. ♛ Hetman Terminal

The scope of the Terminal in each package (markets, data source, tools, session replay) is described at hetmancapital.com/cennik and in the Club. Tools of higher packages may be visible in the Terminal as locked (e.g. with a padlock) – they show what a higher package includes and are not part of the lower package. In the free zone the Service Provider may provide selected Terminal features, e.g. a session replay.
The Terminal is accessed via a link provided in the Club. The link may be shared by all members of a package and changed daily, or personal and assigned to the Member’s account. A personal link works on no more than 2 devices at the same time.
The Terminal link must not be shared with other people. If sharing is suspected, the Service Provider may replace the link or block access in accordance with § 7.
The Terminal works on data from one of the following sources, depending on the package and the Member’s settings: (a) the Hetman Index (IHA) – simulated data, available in every package that includes the Terminal; (b) the Member’s own data source (e.g. Rithmic, dxFeed or Interactive Brokers), once the Service Provider makes this option available – in that case the Member concludes an agreement with the data provider or broker directly, bears its costs, declares their own status (professional or non-professional) in it and is responsible for complying with its terms; the Service Provider does not sell exchange data and does not act as an intermediary in purchasing it; (c) market data and session replays provided by the Service Provider to the extent of its rights, as described in the Club.
Members may use market data shown in the Terminal for their own personal, non-professional purposes only. Copying, storing or passing the data on, automated retrieval (e.g. with scripts) and using it in other software are prohibited. A Member who uses the data professionally (e.g. on behalf of an investment firm) must inform the Service Provider before starting to use it. Requesting to connect your own data source (e.g. via the “Data” page in the Terminal) does not require any passwords or broker account login details, and no one acting for the Service Provider will ever ask for them.
The Terminal is a tool for learning to read the market and for analysis. It is not a trading platform, does not accept orders and does not connect to the Member’s account in any way that allows transactions to be placed. Data may be delayed or incomplete and should not be the sole basis for investment decisions.
The Terminal runs on the Service Provider’s infrastructure. The Service Provider announces longer interruptions in the Club.

§ 3b. Hetman studies for Sierra Chart

This section applies from 9 November 2026.

To Members with the Bishop, Rook, Hetman or King plan, the Service Provider makes available Hetman Capital studies (indicators) for the Sierra Chart software (the “Studies”), described at hetmancapital.com/en/sierra-chart-tools. Using the Studies is one of the options; the Terminal (§ 3a) works without them.
The Member buys the Sierra Chart software and exchange data themselves and at their own cost, from a provider of their choice (Sierra Chart, Rithmic, dxFeed, Interactive Brokers or another), on that provider’s terms. The Service Provider does not sell the software or the data and is not a party to those agreements. Exchange data stays in the Member’s software – the Service Provider does not receive or process it.
Access to the Studies is tied to the Sierra Chart account name given by the Member in the form at hetmancapital.com/en/sierra-account (no password). The Service Provider grants access automatically, usually within 24 hours, and passes this name to Sierra Chart solely to grant access. Access lasts for as long as the plan is active; after it ends, access expires within 7 days at the latest.
The Studies draw levels and order flow readings for educational purposes. They do not place, modify or cancel orders and are not investment recommendations (§ 6). The licence to the Studies is non-exclusive, non-transferable, granted for the duration of the Membership and for one Sierra Chart account. Sharing the Studies with others, decompiling them and reselling them is prohibited (§ 8).
The Service Provider may stop providing the Studies for important reasons (e.g. a change in Sierra Chart’s rules) with 30 days’ notice announced in the Club space “📣 Ogłoszenia” (Announcements).

§ 4. Contract, prices and payments

Membership is available in the following packages: Knight, Bishop, Rook and Hetman (purchased on the checkout page in the Club) and King (§ 4a). Each package includes the full scope of the lower package. The scope and prices of the packages are described at hetmancapital.com/cennik and on the checkout page. The free zone (Pawn) does not require payment. Members who purchased packages before 7 November 2026 (Club, Club Plus, Mentor) retain their existing scope and price until they cancel.
The billing periods available for each package (e.g. monthly, 3-month or annual) and their prices are shown on the checkout page before payment. The Hetman package may be paid monthly or every 3 months as the 12-week challenge; the 3-month payment renews automatically in accordance with section 6, and each renewal starts a new 12-week challenge. Discounts for longer periods do not apply to the King package.
The Membership contract is concluded upon successful payment for the chosen plan on the Club checkout page.
Prices are shown on the checkout page and are gross prices. Before paying, the User sees the total price including the applicable VAT, the billing period and information about subscription renewal.
Payments are processed by Stripe Payments Europe, Ltd. (payment cards and other methods offered at checkout). The Provider does not store card data.
The subscription renews automatically for the next billing period, and the fee is charged in advance at the start of each period unless the Member cancels beforehand.
A Member may cancel the Membership at any time in their Club account settings or by writing to kontakt@hetmancapital.com. Cancellation takes effect at the end of the paid period, until which access remains active, subject to § 5.
The Service Provider informs Paid Members of a price change at least 14 days before the new billing period in a post in the Club space “📣 Announcements”. A Member who does not accept the change may cancel before it takes effect.
An invoice or receipt is issued on request.

§ 4a. Hetman and King packages

The Hetman and King packages are a paid educational service. They include participation in live broadcasts teaching order flow on the Hetman Index (IHA), with the Service Provider’s commentary and answers to questions (§ 3(5)), as well as work on the Participant’s method, journal, process and risk rules. The Service Provider does not provide trade calls or instructions to enter into transactions (“enter here, stop there”) for the Participant’s account, does not announce its own transactions before entering into them, does not advise on the Participant’s open positions, does not accept orders and does not manage the Participant’s funds, as this would constitute investment advice or another activity requiring authorisation from the KNF (the Polish Financial Supervision Authority). The Service Provider does not name or recommend specific brokers, prop trading firms or investment products. The Participant makes investment decisions independently. The Participant’s results are not guaranteed.
The Hetman package includes the scope of the Rook package and: (a) participation in the live broadcast on business days (Monday–Friday): pre-session preparation (premarket) from 15:00 to 15:30 (Warsaw time), a walkthrough of the US session open until the Initial Balance is established from 15:30 to 16:30, and the full broadcast in the Live Room space from 16:30 until the end of the Service Provider’s session, together with the archive of recordings; in weeks with a different time difference between Poland and the USA, the hours are one hour earlier; (b) a 12-week challenge counted from the day of joining and, with payment every 3 months, also from the day of each renewal: a review of the Participant’s trades and goal at the start and a summary at the end; (c) an answer to the Participant’s question within 24 hours and a review of closed trades and charts within 48 hours. The number of places in the package is limited.
The King package includes the scope of the Hetman package and individual work: (a) one-on-one calls held via a video call tool agreed with the Participant, with a summary sent in a private message in the Club; (b) a review of the Participant’s session on a recording or simulator once a week; (c) a private channel in the Club with answers during the session on business days (Monday–Friday); (d) a regular review of the Participant’s trades and an individual development plan; (e) assistance in building the Participant’s tools and setup (software, workstation, data and tool configuration, processes and risk rules); (f) the Terminal configured for individually selected markets, in accordance with § 3a(4). The frequency and dates of calls are agreed with the Participant before payment. The number of places in the package is limited.
The King package is available only after a free call, following a request submitted via the contact form. Before payment, the Service Provider sends the Participant an e-mail confirming the scope, price and contact rules. The agreement is concluded upon payment for the package.
Package prices are listed at hetmancapital.com/cennik and hetmancapital.com/mentoring. § 4, § 5 (right of withdrawal), § 6 (no investment recommendations) and § 9 (complaints) apply accordingly to the Hetman and King packages. Members of the Mentor and Mentor Unlimited packages purchased before 7 November 2026 remain subject to the existing terms until they cancel.

§ 4b. Affiliate programme

Any User with a Club account may join the affiliate programme by expressing interest in the way described in the Club (a comment under the “Affiliate programme” post in the Start here space) and accepting the invitation to the programme on the Circle platform.
The Partner receives a commission on payments for the Knight, Bishop, Rook and Hetman packages made by people who joined via the Partner's affiliate link. The commission rate and the number of payments it is calculated on are provided to the Partner upon admission to the program and are shown in the affiliate dashboard in the Club. The commission does not cover the King package.
The commission becomes due 30 days after the payment and is not payable on payments refunded within that period. Payouts are made by transfer to a bank account held in Poland or by BLIK transfer to a phone number, at the Partner's choice. The Partner is responsible for the tax settlement of commissions received.
The Partner may not promise profits, present the Club as investment advice or a source of signals, present practice on the Hetman Index as trading on a real market, run paid advertising on the name “Hetman Capital”, send spam or refer themselves. Every publication with an affiliate link must be labelled as advertising or a partnership.
If these rules are breached, the Provider may exclude the Partner from the programme; commissions on payments obtained in breach of the rules are not payable. The Provider may change the programme terms with at least 14 days’ notice; the change does not affect commissions already due.

§ 5. Right of withdrawal

A Consumer may withdraw from the Membership contract within 14 days of its conclusion without giving any reason, by sending a statement, e.g. to kontakt@hetmancapital.com. Sending the statement before the deadline is sufficient.
If the Consumer requested that the service start before the end of the withdrawal period and then withdraws, they will pay an amount proportionate to the service provided up to the moment of withdrawal (Art. 35 of the Polish Consumer Rights Act). The remainder of the payment will be refunded.
Refunds are made without undue delay, no later than 14 days after receiving the statement, using the same payment method unless the Consumer agrees otherwise.
The Consumer may use the following model withdrawal form, but it is not obligatory:
“To: JDN Justyna Dawidowicz, Moderska 12A, 62-062 Strykowo, NIP 7773356501, kontakt@hetmancapital.com. I/We hereby give notice that I/we withdraw from my/our contract for the Hetman Capital Club Membership service. Contract concluded on: … Name: … Account e-mail: … Date: …”

§ 6. Nature of the content: no investment advice

All content on the Website and in the Club, including streams, analyses, comments and educational materials, is for educational and informational purposes only. It does not constitute investment recommendations, investment, tax or legal advice, an offer or a solicitation to buy or sell financial instruments.
The Provider is not a licensed investment adviser. The decisions shown are the presenter’s own and are not tailored to any User’s situation.
Trading financial instruments, especially leveraged futures, carries a high risk of losing some or all of your capital. Past performance does not guarantee future results. Users make decisions independently and at their own risk.
CFDs are complex instruments and, because of leverage, come with a high risk of losing money rapidly; most retail investor accounts lose money when trading CFDs. Prop trading firms offering account “evaluations” are usually not supervised by the Polish Financial Supervision Authority (KNF). Before using such services, Users should check the terms and the status of the firm themselves.
The Hetman Index (IHA) is a training instrument. Scenarios, levels and order flow readings discussed on IHA serve only to practise skills and are neither a forecast nor a description of the current situation in any market.
Macroeconomic data published on the Website and in the Club (e.g. inflation, the labour market, interest rates) comes from US public institutions and is labelled with its source. Information from media and financial news services is presented by the Service Provider in its own words, with the source indicated, without reproducing their content.

§ 7. Community rules

In the Club it is forbidden in particular to: post unlawful, offensive or misleading content; spam or advertise without the Provider’s consent; offer paid signals, management of other people’s capital or “guaranteed profits”; impersonate others; record, copy or distribute paid content outside the Club; share an account with third parties.
Paid content may contain visible or invisible markings (e.g. a watermark) that make it possible to identify the account it was shared from. The Provider monitors unauthorised distribution of its content online, including in messaging apps and social networks, reports infringements to the administrators of those services and may pursue claims for copyright infringement.
If these Terms are breached, the Provider may remove content, restrict its visibility, temporarily suspend the account and, in the case of a serious or persistent breach after a prior warning, terminate the contract with immediate effect. A Consumer is then entitled to a proportionate refund for the unused period.
Anyone, including people without a Club account, may report content they consider illegal or contrary to these Terms by writing to kontakt@hetmancapital.com (subject: “Content report”). The report should include a link to the content or its exact location, an explanation of why the content is illegal, the reporter’s name and e-mail address (except where the law does not require them) and a statement that the report is made in good faith. The Provider confirms receipt, handles the report promptly and diligently, and informs the reporter of its decision.
Content is moderated by the Provider. Circle platform tools may be used to detect spam, but decisions to remove content or suspend an account are made by a human.
If the Provider removes content, restricts its visibility, or suspends or blocks an account, it informs the Member by e-mail or by a message in the Club and gives a statement of reasons: the restriction applied, the facts and circumstances, the legal or contractual ground (a provision of law or of these Terms) and how to appeal. The Member may appeal the decision at kontakt@hetmancapital.com within 6 months; the Provider handles appeals within 14 days. The Member retains the right to bring a claim before a court.
The point of contact for Users and for the authorities of EU Member States, the European Commission and the European Board for Digital Services (Regulation (EU) 2022/2065, Articles 11 and 12) is kontakt@hetmancapital.com. Communication is possible in Polish and English.

§ 8. Copyright

Content provided by the Provider is protected by copyright. Members receive a non-exclusive, non-transferable right to use it for personal purposes only for the duration of their Membership. Content posted by Members remains theirs. Members grant the Provider a free licence to display it in the Club, including in broadcast recordings and clips (§ 3(4)), to the extent necessary for the community to function.

§ 9. Complaints

Complaints about the Website or the Club, including lack of conformity of the digital service with the contract, can be sent to kontakt@hetmancapital.com. Please describe the problem and include your account e-mail address.
The Provider responds to complaints within 14 days of receipt. For Consumers, digital services are governed by Chapter 5b of the Polish Consumer Rights Act.

§ 10. Liability

The Provider makes every effort to keep the Website and the Club running without interruption, but is not liable for interruptions caused by third-party providers (e.g. Circle, Stripe, streaming platforms, market data providers, including data providers or brokers chosen by the Member), by force majeure (e.g. a power or internet outage) or for technical breaks announced in advance. This does not limit the Consumer’s rights under § 9 if the service does not conform to the contract.
The Provider is not liable for Users’ investment decisions or their financial consequences (see § 6).
These exclusions do not limit Consumers’ rights under mandatory provisions of law.

§ 11. Personal data

Personal data processing is described in the Privacy Policy.

§ 12. Dispute resolution

Consumers may use out-of-court complaint and redress procedures, including help from municipal or district consumer ombudsmen and the regional Trade Inspection offices in Poland (information at uokik.gov.pl), or the consumer bodies in their country of residence.

§ 13. Final provisions

The Service Provider may amend the Terms for important reasons (changes in the law, changes in the scope of services, security reasons). The Service Provider informs Members of changes at least 14 days in advance in a post in the Club space “📣 Announcements”, with a link to the new text of the Terms; such information is sufficient. A Member who does not accept the changes may cancel the Membership before they take effect. This does not exclude information obligations which, under mandatory provisions of law, require another form of notice.
Polish law applies to matters not covered here. This choice of law does not deprive Consumers of the protection granted by the law of their country of habitual residence.

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