Version 7 · effective 14 July 2026
Operator: LGConsult LDA, a limited liability company, Registered in Portugal ("Moatkeep", "we", "us"). Contact: support at moatkeep.com.
Governing language: English.
IMPORTANT — NOT INVESTMENT ADVICE. Moatkeep is a data and research-content platform for curious minds. Everything on the Service — data, metrics, valuation figures, charts, editorial articles, and research reports (including AI-assisted, human-reviewed reports) — is provided for informational and educational purposes only and as is, without any implied warranty of accuracy or quality. Nothing on the Service constitutes investment advice, a personal recommendation, an offer or solicitation to buy or sell any security, or legal, tax, or accounting advice. Moatkeep is not an investment firm, broker, dealer, financial adviser, or portfolio manager, is not authorised or regulated as such by any financial supervisory authority, and does not provide any regulated investment service. Content is generic and is not tailored to your personal circumstances, objectives, or risk tolerance. You are solely responsible for your investment decisions. If you need advice, consult an authorised professional.
2.1 What the Service provides. Company fundamentals (sourced primarily from public regulatory filings such as SEC EDGAR), end-of-day market prices and derived metrics, valuation summaries, editorial articles, and research reports produced with AI assistance under human editorial review (see /methodology and /editorial-policy for how content is produced and reviewed).
2.2 Accuracy and freshness. Data may contain errors, gaps, or delays, and prices are end-of-day, not real-time. We publish "data as of" markers where applicable and correct errors per our editorial policy, but we do not warrant that any Content is accurate, complete, or current (see § 12).
2.3 No fiduciary relationship. Use of the Service does not create any advisory, fiduciary, or client relationship between you and Moatkeep.
3.1 Age. You must be at least 18 years old to create an Account. The Service is not directed at minors.
3.2 One account. One Account per person. Accounts are personal and non-transferable; you may not share your credentials or let anyone else use your Account (see the AUP).
3.3 Accuracy. You must provide accurate registration information (including a valid email address and, where required for abuse prevention, a verified phone number) and keep it current.
3.4 Security. You are responsible for safeguarding your credentials and for activity under your Account. Notify us promptly at support at moatkeep.com of any suspected unauthorised use.
3.5 Acceptance record. At registration you accept these Terms and the Privacy Policy by an explicit, unticked-by-default action. We record which published version of each document you accepted and when, and we retain that record as proof of acceptance (see § 14).
4.1 The Service is offered in tiers. The features and monthly quotas of each tier (for example: depth of financial history; company-data CSV export; watermarked PDF report downloads; number of alerts, watchlist entries, and notes; access to gated research reports and the full valuation section) are described on the pricing page (/pricing) as in force at the time of your purchase or use. Visitors receive a limited public layer (e.g. company overview and valuation summary) without an Account.
4.2 Quotas are enforced server-side. Monthly quotas reset per calendar month (UTC). Where a tier includes "unlimited" use of a feature, this means unlimited fair personal use subject to the AUP (bulk extraction and redistribution remain prohibited regardless of tier).
4.3 We may adjust tier composition and quotas prospectively. Changes that materially reduce what a paid subscriber receives are handled under the Subscription Terms and § 14 (notice; for paid subscribers, the change applies from the next renewal unless you are given the right to cancel).
5.1 Paid subscriptions (the Investor tier) are governed by the Subscription Terms, which cover pricing and taxes, monthly/annual billing and renewal, cancellation and the Stripe customer portal, refunds, and the express-consent waiver of the EU 14-day right of withdrawal with its durable-medium confirmation email. In case of conflict between these Terms and the Subscription Terms regarding billing, the Subscription Terms prevail.
5.2 Who you buy from:
Paid subscriptions are sold by Stripe (through its Managed Payments / Link service) as the merchant of record. Stripe is your counterparty for the payment transaction, appears on your card statement (descriptor prefixed "LINK.COM*"), issues the transaction receipt/invoice, and is responsible for charging and remitting applicable VAT/sales tax. Moatkeep remains responsible for providing the Service, these Terms, and the Content.
Your use of the Service is subject to the Acceptable Use Policy (/legal/aup), which is part of these Terms. In summary, you must not scrape or bulk-extract data, redistribute Content, share accounts, circumvent access controls or rate limits, or use the Service unlawfully. Breach of the AUP is a breach of these Terms and may lead to suspension or termination under § 11.
7.1 Ownership. The Service and its Content — including the compilation, selection, arrangement, and presentation of data; derived and computed metrics; editorial and research content; software; and branding — are owned by Moatkeep or its licensors and are protected by copyright, database rights (Directive 96/9/EC), and other laws. Underlying facts from public regulatory sources (e.g. SEC EDGAR filings) are public information; what we license to you is our curated, structured, and derived presentation of them.
7.2 Your licence. Subject to these Terms and your tier, we grant you a personal, non-exclusive, non-transferable, revocable licence to access and use the Content for your own personal, non-commercial research. This includes downloading exports (CSV) and watermarked PDF reports within your tier's quotas, for your own use.
7.3 What you may not do. You may not, except as expressly permitted or as allowed by mandatory law: (a) redistribute, republish, resell, sublicense, or make Content available to third parties (including feeding it to third-party datasets, products, or AI-training corpora); (b) systematically extract or re-utilise substantial parts of our databases (scraping, crawling, bulk download); (c) remove proprietary notices, "data as of" markers, disclaimers, or watermarks; (d) use the Content to build a competing data or research product. Brief quotation with attribution for commentary or criticism is permitted to the extent allowed by law.
7.4 Upstream data terms. Certain market data displayed on the Service is derived from licensed third-party sources. Your licence under § 7.2 does not include any right to redistribute such data, and we may adjust or withdraw specific datasets where upstream licensing requires it.
8.1 Your notes are private. The Service currently has no user-publishing features: your notes, watchlists, and alerts are private to your Account, are not shown to other users, and are not used to produce public Content. You retain all rights in your User Content; you grant us only the limited licence needed to store, process, back up, and display it back to you as part of operating the Service.
8.2 You are responsible for your User Content. Do not store unlawful material in it.
8.3 On account deletion, User Content is deleted per § 11.2 and the Privacy Policy.
Downloaded research-report PDFs are individually marked for traceability: each page carries a visible footer identifying the licensed account (email address, timestamp, and a download ID), and each file embeds an invisible forensic fingerprint in its metadata. Every download is logged (account, report, time, fingerprint). If a marked file is redistributed, the fingerprint and logs allow us to identify the issuing Account, and unauthorised redistribution is a breach of §§ 6–7 that may lead to termination and legal claims. Watermarking details are also disclosed in the Privacy Policy.
The Service is provided on a reasonable-efforts basis. We do not guarantee any particular availability level and offer no SLA. We may modify, suspend, or interrupt the Service (in whole or in part) for maintenance, security, legal, or operational reasons. For paid subscribers, mandatory consumer remedies for lack of conformity of a digital service remain unaffected.
11.1 By you. You may stop using the Service at any time and may delete your Account via Account → Privacy → Delete account. Deletion takes effect immediately for access (your Account is deactivated and all sessions are signed out) and is followed by a 14-day grace period, after which your personal data is permanently erased and residual records are anonymised, as described in the Privacy Policy. Deleting your Account with an active subscription cancels the subscription; the billing consequences (including any pro-rata rules and the retained, de-identified proof of your withdrawal-waiver consent) are set out in the Subscription Terms.
11.2 By us. We may suspend or terminate your Account: (a) for material breach of these Terms or the AUP (per the AUP enforcement ladder — normally warning first, immediate action for serious abuse); (b) where required by law; or (c) if we discontinue the Service, with reasonable advance notice. On termination for breach, access ends immediately; billing stops at the end of the current paid period as set out in the Subscription Terms (no further renewal is charged).
11.3 Sections that by their nature survive (§§ 7, 9, 12, 13, 15) survive termination.
12.1 To the maximum extent permitted by law, the Service and Content are provided "as is" and "as available", without warranties of accuracy, completeness, timeliness, merchantability, or fitness for a particular purpose. We do not warrant that the Content is error-free or that reliance on it will produce any investment result. Past performance is not indicative of future results.
12.2 Nothing in these Terms excludes or limits any warranty or remedy that cannot be excluded or limited under applicable law — including, for consumers in the EU, the mandatory conformity remedies for digital content and digital services under Directive (EU) 2019/770 as implemented in Portugal (DL 84/2021).
13.1 Nothing excluded that cannot be. Nothing in these Terms excludes or limits our liability for death or personal injury caused by our negligence, for fraud or fraudulent misrepresentation, for wilful misconduct or gross negligence, or for any other liability that cannot be excluded or limited under applicable law.
13.2 Investment outcomes. Subject to § 13.1, we are not liable for trading or investment losses, lost profits, or lost opportunity arising from decisions you make in reliance on the Service or its Content (§ 2). Nothing on the Service may be constructed as investment advice.
13.3 Cap. Subject to §§ 13.1–13.2, our aggregate liability arising out of or in connection with the Service in any 12-month period is limited to the amounts you paid us for the Service in that period.
14.1 Legal documents on the Service are versioned: each published version is immutable, carries an effective date, and remains retrievable. The current version is always available at /legal/terms.
14.2 We may amend these Terms with effect for the future, for valid reasons (legal or regulatory changes, new or changed features, security or abuse considerations, billing-model changes). For material changes we will give registered users advance notice by email and/or in-product notice at least 30 days before the effective date; if you do not agree, you may terminate your Account (and, for paid subscribers, the Subscription Terms govern the effect on the current period). Continued use after the effective date constitutes acceptance of the new version.
14.3 Your acceptance of a specific version at registration (and, for subscribers, at checkout) is recorded against that version's identifier, together with a timestamp, as proof of what you agreed to.
15.1 These Terms are governed by the law of Portugal, without prejudice to mandatory consumer-protection provisions of the country of your habitual residence.
15.2 Courts of Portugal have jurisdiction, without prejudice to consumers' rights to sue or be sued in their home jurisdiction.
Severability (an invalid clause does not affect the rest); no waiver by non-enforcement; you may not assign your Account; we may assign these Terms in connection with a business transfer, with notice; these Terms, the AUP, the Privacy Policy, and (for subscribers) the Subscription Terms are the entire agreement regarding the Service; the English version is authoritative.