Legal & Disclosures

1 · Disclaimer and Risk Warning

Read this before using the website or subscribing to any service.

Nature of the service

Parallax Macro provides general, impersonal macroeconomic and investment research. It does not take account of the investment objectives, financial circumstances, experience, risk tolerance, tax position, or other individual needs of any person. Nothing on this website or in any Parallax Macro service is personalized investment, legal, tax, or accounting advice, a recommendation, or an offer or solicitation to buy or sell any security, digital asset, or other financial instrument.

References to investments, trades, allocations, entry levels, or positions express the author's research views or disclose his own activity. They are not representations that any investment, position size, allocation, or strategy is suitable for any other person. You remain solely responsible for your own decisions and for obtaining your own professional advice where appropriate.

Regulatory status

Bittel Global Investment Partners Limited (trading as Parallax Macro) is not authorized or regulated by the Financial Conduct Authority. Subscribers do not receive the protections of the Financial Ombudsman Service or the Financial Services Compensation Scheme in connection with Parallax Macro's research services.

Risk of loss

Investing involves risk, including the possible loss of all capital invested. Markets can move sharply and without warning. The value of investments can fall as well as rise. You should not invest money you cannot afford to lose.

Past and hypothetical performance

Past performance is not a reliable indicator of future results. Hypothetical, backtested, and model-based results have inherent limitations and do not represent actual trading. They may not reflect transaction costs, fees, financing costs, liquidity constraints, taxes, slippage, or the effect of material economic and market factors on actual decision-making.

Interests and conflicts

Any position, allocation, entry level, or risk parameter attributed to Julien Bittel reflects his own circumstances at the relevant time, is disclosed for transparency only, and is not a recommendation that any subscriber adopt the same position, size, leverage, or risk. The author, Parallax Macro, or connected persons may hold, and may transact in, the instruments discussed.

Digital assets

Cryptoassets are high risk and largely unregulated in the UK. Their value can be highly volatile, and you may lose all the money you invest. Cryptoasset research published by Parallax Macro is editorial and impersonal, and is not an inducement to buy or sell any cryptoasset. The final form of any UK-prescribed cryptoasset risk warning applicable to this service is being confirmed with our legal advisers.

2 · Terms of Use

The agreement between you and Parallax Macro when you use this website or subscribe.

1. About these terms

These Terms of Use govern your access to and use of this website and the research, publications, and services provided by Parallax Macro. By accessing the website or subscribing to any service, you agree to these terms. If you do not agree, do not use the website or the services.

2. The services

Parallax Macro publishes subscription-based macroeconomic and investment research, and offers related educational sessions and, by application, ongoing research relationships. The scope of each membership tier and session type is described on the website and may change over time. Services described as "by application" or "by inquiry" are provided at our discretion.

3. Subscriptions and payment

Paid memberships are billed for a fixed commitment period as shown at checkout: Vantage is billed monthly or annually; Parallax is billed every six months or annually. Prices are stated in US dollars unless otherwise indicated. Payment is processed by our third-party payment provider; we do not store your full card details. Your subscription renews automatically at the end of each term unless cancelled in accordance with the Refund and Cancellation Policy below.

4. Access and permitted use

A subscription grants a single named individual a personal, non-transferable, non-exclusive licence to access the research for that person's own use. You may not share, resell, redistribute, republish, or make available your login, the research, reports, videos, or any part of them to any other person or organization, whether free of charge or for payment. Reports may be individually watermarked. We may suspend or terminate access, without refund, where we reasonably believe an account is being shared or the research is being redistributed.

5. Intellectual property

All content published by Parallax Macro, including reports, written analysis, videos, charts, models, data presentations, frameworks, and the design of this website, is owned by or licensed to Bittel Global Investment Partners Limited and is protected by intellectual property laws. You may not copy, adapt, distribute, or create derivative works from it except as expressly permitted for your own personal use.

6. No advice; your responsibility

As set out in the Disclaimer and Risk Warning above, the research is general and impersonal and is not personalized advice or a recommendation. You are solely responsible for your investment decisions and their outcomes.

7. Limitation of liability

To the fullest extent permitted by law, Parallax Macro will not be liable for any loss or damage arising from your use of, or reliance on, the website or the research, including investment losses. Nothing in these terms excludes or limits liability that cannot lawfully be excluded or limited, including liability for death or personal injury caused by negligence or for fraud.

8. Availability and changes

We aim to keep the website and services available but do not guarantee uninterrupted access. We may change, suspend, or withdraw all or part of the website or services, and may amend these terms, from time to time. Material changes will be notified or posted here.

9. Governing law

These terms are governed by the laws of England and Wales, and the courts of England and Wales have exclusive jurisdiction, save that nothing affects any non-waivable statutory rights you have as a consumer.

3 · Refund and Cancellation Policy

How billing, cancellation, and refunds work.

Cancelling

You may cancel your membership at any time. Cancellation stops the next renewal, so you will not be charged again once you cancel. Your access continues until the end of the term you have already paid for.

Refunds

Memberships are sold as a fixed commitment period paid in advance. The current paid term is non-refundable, and we do not provide partial refunds for unused time within a term. When your term ends, your membership either renews (if you have not cancelled) or lapses (if you have).

Digital content and your cancellation rights

Our research is digital content supplied to you as soon as your membership begins. Where you are a consumer, you will be asked to agree, at checkout, that supply begins immediately and that you therefore lose the statutory 14-day right to cancel digital content once access has been provided. If you do not agree to immediate supply, access will not begin until any applicable cancellation period has passed. This does not affect any statutory rights that cannot be waived.

Sessions and applications

Private sessions, team sessions, and application-based memberships are arranged individually. Their booking, rescheduling, and cancellation terms are agreed at the time of booking.

4 · Privacy Policy

How we handle your personal data, in line with UK data protection law.

Who we are

Bittel Global Investment Partners Limited (trading as Parallax Macro) is the data controller for personal data collected through this website and our services. You can reach us at info@parallaxmacro.com.

What we collect

• Information you give us, such as your name, email address, and the details you enter in the inquiry form or at checkout.
• Subscription and payment information, processed by our payment provider. We receive confirmation of payment and limited billing details; we do not store your full card number.
• Usage information, such as basic analytics about how the website and member content are accessed, used in part to detect account sharing.

How we use it

• To provide the research and services you have subscribed to, and to manage your account.
• To take payment and administer renewals and cancellations.
• To respond to inquiries and communicate with you about your membership.
• To protect the service, including detecting and preventing unauthorized account sharing and redistribution.
• To send you service messages and, where you have agreed, occasional updates. You can opt out of non-essential email at any time.

Legal bases

We process personal data to perform our contract with you, to comply with legal obligations, and for our legitimate interests in running and protecting the business, balanced against your rights. Where required, we rely on your consent, which you may withdraw at any time.

Sharing

We share personal data only with service providers who help us run the business, such as our payment provider, membership platform, email and hosting providers, on terms that require them to protect it. We do not sell your personal data.

Retention

We keep personal data for as long as you hold an account and for a reasonable period afterwards to meet legal, accounting, and record-keeping obligations, then delete or anonymize it.

Your rights

You have rights under UK data protection law to access your personal data, to correct or delete it, to object to or restrict certain processing, and to data portability. To exercise these, email info@parallaxmacro.com. You also have the right to complain to the Information Commissioner's Office (ico.org.uk).

Cookies

The website uses only the cookies needed to function and, where applicable, basic analytics. A full cookie notice and consent mechanism will accompany launch.