Full Risk Disclosure
This brief warning does not disclose all the risks and all
the important aspects of trading in the spot market ("Forex") (with
immediate payment and delivery). Taking into account all the risks, you should
carry out transactions only if you, Client, fully understand the nature of the
contracts (and contractual relationships) into which you are entering, as well
as the degree of risk you can incur. Commercial activities on the Forex market
and stock markets are not acceptable to many people. You should consider
carefully whether you can engage in commercial activities, taking into account
your experience, objectives, level of training, financial resources and other
relevant circumstances.
Forex-Specific Risks
High-Risk Trading
Due to the fact that the risk factor is very high in Forex
trading, only free funds should be used for such trading. If you do not have
the extra capital that you can afford to lose, you should not trade in the
Forex market. Forex trading is suitable only for institutional or experienced
private traders, who can resist the financial losses that may substantially
exceed the value of margins or deposits.
Effect of "Leverage" or "Gearing"
Transactions in Forex are very risky. The amount of initial
margin is small relative to the value of the Forex contract, that's why
transactions are supported by "leverage". A relatively small Forex
market movement will have a proportionately larger impact on the funds you have
invested or will have to invest: this may work for you as well as against you.
You may suffer a total loss of initial margin funds and any additional funds
deposited to maintain your position. If the Forex market movement is against
your position or margin levels are increasing, you may be called upon to pay
substantial additional funds immediately or on a very short notice to maintain
your position. If you do not comply with the requirement for additional funds
within the prescribed time, your position may be liquidated at a loss and you
will be responsible for any resulting deficit.
Risk-Reducing Orders or Strategies
Placing "stop-loss" orders, which are designed to
limit losses to certain amounts may be ineffective, as market conditions may
make it impossible to execute such orders. Strategies using combinations of
positions, such as "hedging" or "lock" can be just as risky
as taking long and short positions.
Technical Risk
The Company shall not be responsible for the Client's
financial losses incurred due to the failure of electrical, communication or
information systems. When using the client terminal, the Client shall bear
risks due to the following causes:
- Defects in equipment, software, connection from the
Client's side;
- Improper functioning of the Client's equipment;
- Errors in the Client's terminal settings;
- Failure on the part of the Client to follow instructions
for using the client terminal.
Trading Platform Risk
The Client understands that his/her/its instructions will be
executed in the order in which they arrive at the Company's server. As a
result, if the Client's first request is not processed, the next one cannot be
sent. If the second request arrives before the first order is executed, the
second request shall be rejected. The Client bears responsibility for the
execution of unplanned trading operations under the second request for
execution before receiving information about the results of his/her/its first
request.
Grayed Out Pricing
The Client shall acknowledge that closing of order's window
or position shall not entail cancellation of incoming request of the Client.
Quotes provided to the Client by server of the Company shall be acknowledged by
the Client as the only valid ones. In case of errors in connection between the
client terminal and the Company's server, the Client may receive unreached
information about quotes from the quote base in the client terminal.
