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Motley Fool Explorer Terms of Service

Welcome to Motley Fool Explorer (the "Service"). This page sets forth the special Terms and Conditions by which The Motley Fool provides you with access to the Service (the "Terms"). It supplements the Fool's Rules (our standard terms and conditions), which are incorporated by reference. By subscribing to, and using the Service you are agreeing to abide by these Terms as well as the Fool's Rules INCLUDING THE BINDING ARBITRATION AND CLASS ACTION WAIVER DETAILED IN SECTION 13 OF THE FOOL’S RULES.

Motley Fool Explorer

The Service is composed of real-money investments and is not an actively managed portfolio. Each month, the Service will select a minimum of four equities for a month-long research topic (“Exploration”), with one stock declared the winner at the end. The Motley Fool is funding the investments, and consequently, any realized gains or losses will belong to The Motley Fool. The Service is restricted to buying stocks within the universe of David Gardner's stock picks, which consists of the entire Motley Fool Rule Breakers scorecard, and his side of the Motley Fool Stock Advisor scorecard. Explorer will not provide ongoing coverage of its recommendations. From time to time, we may change the features, offerings and Premium Services included in your Motley Fool Explorer membership, but we will provide you with advance notice of any material changes.

From time to time, we may change the features, offerings and Premium Services included in your Motley Fool Explorer membership but we will provide you with advance notice of any material changes.

All services and features provided by Motley Fool Explorer are provided “AS IS.” The Fool assumes no responsibility for the timeliness or delivery of any content or the deletion or failure to store any personalized or customized settings.

The Motley Fool strives to operate with the highest level of integrity and to treat everyone — our customers, employees and community — fairly. With that in mind, we've put in place guidelines with respect to the Service in addition to our standard trading rules. They include:

  • The Service will wait at least 24 hours after a Fool newsletter has issued a new recommendation before issuing a trade alert in the underlying security.
  • Explorer will invest at least $5,000 of The Motley Fool’s money in the stock that wins each month’s Exploration. The Motley Fool will hold each position as long as its investment thesis continues to be good.
  • If Stock Advisor or Rule Breakers recommends selling a stock, it will be removed from the list of eligible companies but can remain as part of an ongoing Exploration or as a winning stock. However, it cannot be selected for another Exploration.
  • Employees and contractors cannot trade based upon any knowledge of an upcoming trade alert. They may only trade in the security after the trade alert has been published.
  • The Service is committed to making its transaction between 24 hours and 30 days from the time the trade alert has been published.
  • If one of The Motley Fool's other services has issued an Intent or Alert to trade, the Service will refrain from issuing its trade alert in the security for 24 hours.

Please note there may be occasions where the Service takes a position with respect to a security that is counter to that of another Fool premium service.

An affiliate of The Motley Fool provides investment products that may hold securities mentioned in our publications. Editorial personnel have no nonpublic knowledge of the affiliate's holdings, and the affiliate's personnel have no knowledge of any editorial content before it is published.

A Word of Caution

As stated above, the Service may use a mix of investing strategies within each portfolio. Regardless of the action taken by the Service, it is in the capacity of a responsible investor and not a speculator. That doesn't mean our trades will always turn out to be winners. It means that we have done our best to do our homework and consider the inherent risks before pledging our money. We urge you to do the same.

We want to help you make money. We also want to provide you with a more enriching and useful experience along the way. So while we may ask you a few questions to help direct you to portfolios and other content we think may interest you, The Motley Fool is not in the business of rendering personalized or individualized investment advice. We don't (and can't) know your financial situation, risk tolerances, or investing objectives. Accordingly, the information provided along with the decisions made and actions taken by the Service do not constitute a recommendation that a particular portfolio, security, strategy or action taken is suitable for you, or any specific person for that matter.

The Service bases its recommendations and forecasts on techniques, information and sources believed to be reliable in the past and cannot guarantee future accuracy and results. The Motley Fool and the writers will not be liable for any investment decision you make, or action you take based upon reliance of any material you read here. The Motley Fool is a company of investors writing for investors and as such, the writers (and/or the company) may own stocks mentioned by the Service. For more information about writer disclosure, as well as a list of places where you can view stocks our writers and analysts own, see our disclosure policy.

Disclaimer of Warranties and Liabilities

By using the Service, you agree that The Motley Fool, its directors, its employees, and its agents will not be liable for any investment decision made or action taken by you and others based upon reliance on any information we publish. Please remember that past results are not necessarily indicative of future performance.

Under no circumstances will The Motley Fool, its employees, or its agents be liable for direct, indirect, incidental, or any other type of damages resulting from your use or downloading of any material on our sites, even if we have been advised of the possibility of such damages. This includes, but is no way limited to, loss or injury caused in whole or in part by our negligence or by things beyond our control in creating or delivering the Service or any of our services. This disclaimer of liability does not apply in New Jersey.

Although this is included in the Fool's Rules, it bears repeating (and capitalizing):


Some States do not allow exclusion of implied warranties or limitation of liability for incidental or consequential damages, so the above limitations or exclusions may not apply to you. In such states, our liability and that of our third party content providers will be limited to the greatest extent permitted by law. This disclaimer of warranties does not apply in New Jersey.

Explorer Membership Fee; Terminating Your Membership.

You are responsible for the applicable membership fee as set forth on this site. If you are currently a subscriber to Stock Advisor, Rule Breakers, or both, you will receive a prorated credit for the remainder of your subscription to such Premium Services. Please note that the Explorer fee gives you access to Stock Advisor and Rule Breakers. The fee does not include any charges you incur in accessing those Premium Services.

The Motley Fool reserves the right to increase Explorer’s fees or institute new charges upon reasonable notice. Fees are due in advance. Unless otherwise explicitly noted at the time of ordering, your membership will automatically renew until you notify us of your decision to terminate your membership YOU ARE PROVIDING YOUR ELECTRONIC AUTHORIZATION FOR FUTURE CHARGES AGAINST YOUR CREDIT CARD ON FILE UNLESS YOU CANCEL. Accordingly, you agree that your Explorer membership fee will be billed automatically at the beginning of each renewal period at the then-current rate to the credit card you used in your most recent transaction with us.

Yearly Subscriptions

You may cancel your Explorer membership at any time in the first 30 days by contacting Member Support. In the event of cancellation of your Explorer membership, you will receive a credit towards select other Motley Fool services as outlined in the offer during which you purchased Explorer. Your subscription to the other service will be billed at the member discounted rate in effect at expiration of the current membership. Of course, you may cancel your subscription to any reactivated Premium Service by contacting Member Support.

Please note that any such promotions are available only to new, first time Explorer members. If you previously subscribed to Explorer, cancelled and subsequently subscribe again, you will not receive a refund for any cancellations.

Lifetime Subscriptions

From time-to-time, we may offer a “lifetime” membership to Explorer with an ongoing monthly coverage fee. Please note that any such promotions are available only to select new, first time Explorer members. This coverage fee can be paused by the member at any time, if the member wishes to cease having access to the service by contacting Member Support. If a member wishes to pause their coverage, and turn their coverage back on at a later date, they can do so without paying the enrollment fee again, but must resume paying the ongoing monthly coverage fee.

The Service Is Intended for U.S. Residents Only

The Service is aimed at, and published for individuals residing in the United States. The Motley Fool makes no representation that the materials provided, and actions taken by the Service are appropriate for users outside the United States or permitted under the laws of other jurisdictions.

If you choose to access or use the Service from a location other than the United States, you do so at your own initiative and risk, and you bear full responsibility for compliance with any applicable local laws.

Everything Else

Please read the Fool's Rules for more details on our rules and policies including our dispute resolution procedures. If you see something that you think is a violation of the Fool's Rules or these Terms, please notify us at

The Motley Fool reserves the right to change the Fool's Rules or these Terms at any time. Changes will be posted on the applicable Web page.

Last updated December 5, 2019