These tools operate at a device level, meaning Epic collects data beyond just your in-game activity, which raises significant privacy concerns about the scope of monitoring.
Epic Games' Terms of Service significantly limit consumer rights by establishing that all game content is licensed (not owned) and can be revoked, and by requiring mandatory arbitration that waives your right to sue in court or join a class action. Parents and guardians are held financially responsible for purchases made by minors on shared or linked accounts. You can opt out of the mandatory arbitration clause by sending written notice to Epic Games Legal (legal@epicgames.com) within 30 days of first accepting these Terms.