Prior to applying for an account, the Client should consider carefully whether trading in the Forex markets and the use of other services offered by the Company, is suitable for him in the light of his circumstances and financial resources and the risks described herein.
Trading in the Forex and other capital markets is considered risky and speculative. The leverage available in trading means that a relatively small movement can lead to a proportionately much larger movement in the size of any loss or profit. It can work against you as well as for you and lead to large losses as well as gains.
The relevant markets for Trading are characterized as high volatile markets, which inherits high risk, and may cause high loses to the deposit funds, and in a short period of time. The company is not and will not, in ANY way, be responsible to the trades executed, or not executed, by the Client.
The Client is ultimately responsible for all of the losses suffered in their account. As a consequence, the Client should be prepared to lose all the funds which he has deposited. The Client is also responsible for losses that exceed its profits and deposits. The Client should never fund his trading activities with retirement savings, loans, mortgages, emergency funds, funds set aside for purposes such as education or homeownership, or funds required for current income or present or future medical expenses.
Trading requires in-depth knowledge of the relevant markets, trading techniques and strategies. Therefore, a high level of investment and trading experience is necessary. No guarantees are offered or represented by the Company regarding the returns that can be expected from Trading.
The Client must know and follow the rules and regulations applicable to the Company’s Trading services as set forth in the documents and agreements delivered to and signed or approved (by way of internet approval) by the Client. Not following the rules and regulations applicable to Trading or any other applicable regulation may result in forced closure of positions (“Trades”), temporary freezing of the Client’s account, closing the account and/or other actions necessary for the protection of the Company.
Transaction Costs May Reduce Profit Taking. Be aware that every time an individual trade is placed, the Company profits from the Ask/Bid Spread. These transaction costs are a major cause of Traders not being able to increase their trading size and developing as a trader. The total daily/monthly/yearly commissions may add to losses and/or significantly impact and reduce profits.
Use of Leverage or Margin May be a Speculative and Costly Strategy. Trading using Margin is generally used by traders as a way to increase their purchasing power in order to be able to open a larger position without paying for it in full. Trading on leverage or margin, or the use of leverage generally, may result in losses beyond the initial investment or deposit. Extreme caution should be exercised relative to the Client’s use of a margin account.
Knowledge of Our Software Programs. The Client must be knowledgeable in the use and functionality of the Trading software provided by the Company, or by any third-party provider, in order to correctly interpret account information and to be able to place orders correctly. The Client shall be responsible for all orders placed in his account, regardless of his understanding of the system functionality. If the Client does not have a complete understanding of the way the system operates, he should not trade before obtaining the required knowledge.
Overnight Positions are considered Risky. Holding large positions, especially after the close of the relevant market (or in any case of cease of commerce, corporate events, freeze of trading on a security etc.), may result in considerable losses. Opening prices (next day or renew of commerce) can be significantly different from the previous closing prices; such prices changes may also significantly change the result of stop-loss orders.