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1. Introduction

1.1. This risk disclosure and warning notice ("the Notice") is issued in compliance with applicable laws and regulations concerning the provision of investment services, the exercise of investment activities, the operation of regulated markets, and related matters. These regulations apply to entities offering financial instruments.

1.2. All clients and prospective clients are advised to read the following Notice carefully before applying for a trading account and commencing trading activities. It should be noted that this document does not fully disclose or explain all of the risks and other significant aspects involved in trading financial instruments. The purpose of this Notice is to explain the general nature of these risks in a fair and non-misleading way.

1.3. The entity executes client orders in Contracts for Differences ("CFDs") on stocks, commodities, indices, and currency pairs (FX), among others. CFDs are also referred to within this Notice.

2. Charges and Taxes

2.1. Provision of services is subject to fees, commissions, and charges, which clients should review before trading. It is the client's responsibility to be aware of any changes in these charges.

2.2. Clients should ensure they understand the potential costs, which might not be expressed in monetary terms but, for example, as a percentage.

2.3. Costs and associated charges may change at any time according to the provisions of the client agreement.

2.4. Trades may become subject to taxes and other duties due to legislative changes or personal circumstances. The entity does not offer tax advice, and clients should seek independent advice from a competent professional.

2.5. Clients are responsible for any taxes and duties accrued on their trades.

2.6. Taxes are subject to change without notice.

2.7. If applicable by law, tax deductions required by tax authorities may be deducted from payments to clients.

2.8. Other costs and taxes related to transactions may arise, for which the client is liable. The entity may deduct taxes as required by law from trading activities.

2.9. Prices related to CFD trading are set according to the entity's order execution policy. The execution price of an order may differ from the displayed prices at the time of order placement.

3. Third Party Risks

3.1. Client funds are placed into segregated accounts with financial institutions, selected with due care. However, the insolvency of these institutions could lead to losses for which the entity is not liable.

3.2. The legal and regulatory conditions applying to these financial institutions might differ from local regulations, affecting the treatment of client funds in the event of insolvency.

3.3. Funds may be held in omnibus accounts, posing a risk that insolvency proceedings could lead to losses, with the entity having only an unsecured claim.

4. Insolvency

4.1. The entity's insolvency or default might lead to positions being liquidated or closed out without the client’s consent, potentially causing losses.

5. Investor Compensation Fund

5.1. The entity participates in an investor compensation fund, providing coverage under specific conditions if it cannot meet its financial obligations. Compensation is limited per client.

6. Technical Risks

6.1. Clients bear the risks associated with system failures, which are not due to the entity's negligence or intentional fault.

6.2. Trading via electronic systems exposes clients to risks like hardware or software failures, leading to potential execution issues.

6.3. Unencrypted information transmitted via email is not secure.

6.4. High trading volumes or market volatility may affect connectivity and system performance.

7. Trading Platform

7.1. Clients are warned that when trading in an electronic platform, they assume the risk of financial loss which may be a consequence of, among other things, failure of the client’s devices, software, and poor quality of connection.

7.2. It is understood that only one instruction is allowed to be in the queue at one time. Once the client has sent an instruction, any further instructions sent by the client are ignored and the “orders are locked” message appears until the first instruction is executed.

7.3. It is understood that the connection between the client terminal and the server may be disrupted at some point, and some of the quotes or instructions may not reach the client terminal.

7.4. The client acknowledges that when the client closes the order placing/deleting window or the position opening/closing window, the instruction that has been sent to the server shall not be cancelled.

7.5. Orders may be executed one at a time while being in the queue. Multiple orders from the same client account at the same time may not be executed.

7.6. The client acknowledges that when the client closes the order, it shall not be cancelled.

7.7. In the case that the client has not received the result of the execution of the previously sent order but decides to repeat the order, the client shall accept the risk of making two transactions instead of one.

7.8. The client acknowledges that if the pending order has already been executed but the client sends an instruction to modify its level, the only instruction which will be executed is the instruction to modify stop loss and/or take profit levels on the position opened when the pending order was triggered.

8. Force Majeure Events

8.1. In the case of a force majeure event, the entity may not be in a position to arrange for the execution of client orders or fulfill its obligations under the client agreement, which can be found on the entity’s informational platform. As a result, the client may suffer financial loss.

8.2. According to the client agreement, the entity will not be liable or have any responsibility for any type of loss or damage arising out of any failure, interruption, or delay in performing its obligations under the client agreement where such failure, interruption or delay is due to a force majeure event.

9. Communication between the Client and the Entity

9.1. The client shall accept the risk of any financial losses caused by the fact that the client has received with delay or has not received at all any notice from the entity.

9.2. The client acknowledges that the unencrypted information transmitted by e-mail is not protected from any unauthorized access.

9.3. The entity has no responsibility if unauthorized third persons have access to information, including electronic addresses, electronic communication, and personal data, access data when the above are transmitted between the entity and the client or when using the internet or other network communication facilities, telephone, or any other electronic means.

9.4. The client is fully responsible for the risks in respect of any undelivered mail messages sent to the client by the entity.

10. Abnormal Market Conditions

10.1. The client acknowledges that under abnormal market conditions, the period during which the orders are executed may be extended or it may be impossible for orders to be executed at declared prices or may not be executed at all.

10.2. Abnormal market conditions include, but are not limited to, times of rapid price fluctuations when the price rises or falls in one trading session to such an extent that, under the rules of the relevant exchange, trading is suspended or restricted, or there is a lack of liquidity, and this may occur at the opening of trading sessions.

11. Foreign Currency

11.1. When a financial instrument is traded in a currency other than the currency of the client’s country of residence, any changes in the exchange rates may have a negative effect on its value, price, and performance and may lead to losses for the client.

12. Conflicts of Interest

12.1. When the entity deals with the client, the entity, an associate, a relevant person, or some other person connected with the entity may have an interest, relationship, or arrangement that is material in relation to the transaction/order concerned or that it conflicts with the client’s interest.

12.2. The major circumstances which constitute or may give rise to a conflict of interest entailing a material risk of damage to the interests of one or more clients as a result of providing investment services are included in the entity's conflict of interest policy.

13. Appropriateness

13.1. The entity requires the client to pass through an appropriateness test during the application process and warns the client if trading in complex financial instruments is not appropriate for them, based on the information provided. Any decision whether or not to open a trading account and whether or not you understand the risks lies with you.

14. Information on Risks Associated with Complex Financial Instruments (CFDs)

14.1. Introduction: Trading in complex financial instruments such as Contracts for Differences (CFDs) can put the client’s capital at risk, especially if used in a speculative manner. CFDs are categorized as high-risk complex financial instruments, and clients may lose the amount invested. Trading in CFDs is not suitable for all investors.

14.2. The investment decisions made by the clients are subject to various markets, currency, economic, political, and business risks, etc., and will not necessarily be profitable.

14.3. The client acknowledges and without any reservation accepts that, notwithstanding any general information which may have been given by the entity, the value of any investment in financial instruments may fluctuate either upwards or downwards. The client acknowledges and without any reservation accepts the existence of a substantial risk of incurring losses and damages as a result of buying or selling any financial instrument and acknowledges their willingness to take such risk.

15. Advice and Recommendations

15.1. The entity will not advise the client about the merits of a particular transaction or give him any form of investment advice, and the client acknowledges that the services do not include the provision of investment advice in complex financial instruments or the underlying markets. The client alone will enter into transactions and take relevant decisions based on his own judgment. In asking the entity to enter into any transaction, the client represents that he has been solely responsible for making his own independent appraisal and investigation into the risks of the transaction. He represents that he has sufficient knowledge, market sophistication, professional advice, and experience to make his own evaluation of the merits and risks of any transaction. The entity gives no warranty as to the suitability of the products traded under this agreement and assumes no fiduciary duty in its relations with the client.

15.2. The entity will not be under any duty to provide the client with any legal, tax, or other advice relating to any transaction. The client should seek independent expert advice if he is in any doubt as to whether he may incur any tax liabilities. The client is hereby warned that tax laws are subject to change from time to time.

15.3. The entity may, from time to time and at its discretion, provide the client (or in newsletters which it may post on its informational platform or provide to subscribers via its informational platform or the trading platform or otherwise) with information, recommendations, news, market commentary, or other information but not as a service. Where it does so: - The entity will not be responsible for such information. - The entity gives no representation, warranty, or guarantee as to the accuracy, correctness, or completeness of such information or as to the tax or legal consequences of any related transaction. - This information is provided solely to enable the client to make his own investment decisions and does not amount to investment advice or unsolicited financial promotions to the client. - If the document contains a restriction on the person or category of persons for whom that document is intended or to whom it is distributed, the client agrees that he will not pass it on to any such person or category of persons. - The client accepts that prior to dispatch, the entity may have acted upon it itself to make use of the information on which it is based. The entity does not make representations as to the time of receipt by the client and cannot guarantee that he will receive such information at the same time as other clients.

15.4. It is understood that market commentary, news, or other information provided or made available by the entity are subject to change and may be withdrawn at any time without notice.

16. No Guarantees of Profit

16.1. The entity provides no guarantees of profit nor of avoiding losses when trading in financial instruments. The entity cannot guarantee the future performance of the client’s trading account, promise any specific level of performance, or promise that the client’s investment decisions, strategies, will be successful/profitable. The client has received no such guarantees from the entity or from any of its representatives. The client is aware of the risks inherent in trading in financial instruments and is financially able to bear such risks and withstand any losses incurred. The client acknowledges and accepts that there may be other additional risks apart from those mentioned above.

Risk Disclosure and Warnings Notice

Risk Warning

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