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Terms of service

Last updated 16 August 2026

These are the terms of taking a seat at Ichimuhan. Read the risk disclosure alongside this page, it covers the risk of trading on the research published here.

  1. 01The service
  2. 02Eligibility
  3. 03The free trial
  4. 04Billing, pricing and cancellation
  5. 05Your account
  6. 06Acceptable use
  7. 07Ownership of content
  8. 08No advice, no guarantee
  9. 09No warranty
  10. 10Limitation of liability
  11. 11Indemnification
  12. 12Suspension and termination
  13. 13Changes to these terms
  14. 14General terms
  15. 15Governing law

01. The service

A seat gives you access to everything Ichimuhan publishes: two EUR/USD positions on every trading day, each with entry, target, stop, conviction grade and the full written reasoning, dated addenda published while a position is open, fill and stop move and exit alerts, and a reply line direct to the desk. There is one plan. Nothing published is held back for a higher tier, because there is no higher tier.

02. Eligibility

You must be at least 18 years old, and have the legal capacity to enter into a binding contract, to create a seat. By creating one, you confirm that you meet both of these. Ichimuhan is not directed at, and is not intended for use by, anyone in a jurisdiction where accessing this service or trading on the instrument it covers would be contrary to local law. It is your responsibility to confirm the service is permitted where you live before you sign up.

03. The free trial

New subscribers get 10 days of full access before anything is charged, no card required to begin. The trial is limited to the first 450 people to claim it, and to one trial per person; signing up again with a different email does not create a second trial for the same person.

  • Nothing is charged automatically when the 10 days end.
  • To keep access after the trial, take a paid seat separately from checkout. If you do not, access simply ends.
  • Once the 450 trial seats are claimed, new subscribers go straight to a paid seat.

04. Billing, pricing and cancellation

A seat is billed at $59 per month (charged as 221.25 SAR). Billing is monthly and recurring until cancelled.

  • You can cancel from your account settings at any time.
  • There is no notice period. Cancelling stops the next charge.
  • Ichimuhan does not offer refunds. This applies to the current billing period and to any prior payment.
  • If a payment fails, access may be paused until it is resolved.
  • We may change the price of a seat. If we do, existing subscribers will be given reasonable notice before the new price applies to their next billing cycle. Continuing to hold a seat after a price change takes effect means you accept the new price; if you do not, you can cancel before your next billing date under this section.

05. Your account

A seat is for one reader. You agree to provide accurate information when creating an account and to keep your login confidential. You are responsible for activity that happens under your account, and should tell us right away if you believe it has been accessed without your permission.

06. Acceptable use

Your seat is for your own personal use. You agree not to:

  • Share your login, or resell, republish, or redistribute published positions or research to anyone who does not hold a seat.
  • Scrape, systematically copy, or use automated tools to extract content from the desk or the admin systems behind it.
  • Use the reply line or any contact channel to send abusive, threatening, or unlawful messages.

07. Ownership of content

All positions, commentary, and research published by Ichimuhan remain the property of Ichimuhan. A seat grants you a personal, non-transferable licence to read that content while your seat is active. It does not transfer any ownership or right to redistribute it.

08. No advice, no guarantee

Ichimuhan is a publisher, not a broker or an investment adviser, and nothing published is personal financial advice. Trading carries risk, and past results are not a guarantee of future performance. The full detail of this is set out in the risk disclosure, which forms part of these terms.

09. No warranty

The service is provided “as is” and “as available.” We do not guarantee it will be uninterrupted, error-free, or available at all times, and we are not liable for delay or failure caused by matters outside our reasonable control, including outages at a hosting, email, or payment provider we rely on. To the extent the law allows, we disclaim all warranties not expressly stated in these terms.

10. Limitation of liability

To the maximum extent permitted by law, Ichimuhan's total liability arising from your use of the service is limited to the amount you paid for your seat in the 12 months before the claim arose. We are not liable for indirect, incidental, or consequential loss of any kind. This limitation does not extend to trading losses, which are your own responsibility under section 08 and the risk disclosure, and are not a liability of Ichimuhan's at all, at any amount.

11. Indemnification

You agree to indemnify and hold Ichimuhan harmless from any claim, loss, or expense, including reasonable legal fees, arising from your breach of these terms or your misuse of the service.

12. Suspension and termination

Ichimuhan may suspend or close an account that breaches the acceptable use section above, or that we reasonably believe is being used fraudulently. Where practical, we will tell you why. You may close your own account at any time from settings, and section 04 governs what happens to billing when you do.

13. Changes to these terms

We may update these terms from time to time. If a change is material, we will make reasonable efforts to let existing subscribers know before it takes effect. Continuing to use a seat after a change takes effect means you accept the updated terms.

14. General terms

If any part of these terms is found unenforceable, the rest remains in full effect. These terms, together with the risk disclosure and the privacy policy, are the entire agreement between you and Ichimuhan about the service, and replace any earlier agreement on the same subject. A seat is personal to you and cannot be transferred or assigned to anyone else. We may assign these terms in connection with a merger, acquisition, or sale of the business. A failure to enforce any part of these terms is not a waiver of it.

15. Governing law

These terms are governed by the laws of the jurisdiction in which Ichimuhan operates, without regard to conflict of law principles. Any dispute arising from these terms or from a seat will be brought exclusively in the courts of that jurisdiction.

Ichimuhan

EUR/USD research, published twice a trading day since March 2023.

© 2026 Ichimuhan. EUR/USD desk research.

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Risk disclosure

Ichimuhan publishes market commentary and its own EUR/USD trading positions. It is not a broker, does not offer brokerage services, does not hold client funds, and bears no responsibility for your trading operations. Nothing here is a personal recommendation, an offer, or a solicitation to buy or sell any instrument.

Trading leveraged FX carries a high risk of loss. Past results are not a reliable indicator of future performance. You may lose more than your initial deposit.

This desk is a publisher and is not authorised or regulated as an investment adviser.