This statement is based on the provisions of the Investment Services and Activities and Regulated Markets Act 2007 (No. 144(I)/2007) implementing Directive 2004/39/EC of the European Parliament and of the Council on markets in financial instruments (“ MiFID”). It should be noted that this statement does not purport to disclose or discuss all risks and other material aspects of any transaction entered into with or through the Company. We explain the general nature of the risks of trading financial instruments on a fair and not misleading basis. Therefore, you must ensure that your decision is made on an informed basis and you should at least consider all of the following
The purpose of the Risk Disclosure Statement (“the Statement”) is to provide the Client with reasonable advice on the nature and risks of the specific types of financial instruments offered by Crypto Pro 4X (hereinafter the “Company”). Customer acknowledges, understands and agrees to the risks disclosed below.
Trading is very speculative and risky. Contracts for difference (“CFDs”) are complex financial products, most of which have no set maturity date. Therefore, a CFD position will mature on the date you choose to close an existing open position. CFDs, which are leveraged products, involve a high level of risk and can result in the loss of all your invested capital. Trading CFDs is highly speculative and is therefore only suitable for clients who (a) understand and are willing to assume the economic, legal and other risks involved, (b) are financially able to bear the risk of loss up to their invested carry capital and (c) understand and be familiar with CFDs and the underlying assets. Customer represents, warrants and agrees that that he/she understands these risks and is willing and able, financially and otherwise, to assume the risks of trading CFDs. Before deciding to trade, a client should ensure they understand the risks involved and take into account their level of experience and seek independent advice if necessary. The customer is responsible for all losses suffered on his account. Consequently, the client should be prepared to lose all invested capital. Risks Associated with Transactions in CFDs When trading CFDs you need to consider the following main risks: CFDs are leveraged products; Therefore, they carry a higher risk to your capital compared to other financial products and may result in the loss of all your invested capital. However, it should be noted that the company operates on a “negative balance protection” basis; This means you cannot lose more than your initial investment. The value of CFDs can go up or down depending on market conditions and the potential for profit should be weighed against the significant losses that can be incurred when trading CFDs in a very short period of time. CFD trading, unlike traditional trading, allows you to trade the markets by paying only a small fraction of the total trade value. However, this means that a relatively small market movement can result in a proportionally much larger movement in the value of your position. The company offers flexible leverage from 1:1 to 1:300. The customer must ensure that he has sufficient margin in his trading account at all times to maintain an open position. In addition, the Client must continuously monitor all open positions to avoid positions being closed due to unavailability of funds; It should be noted that the Company is not responsible for notifying you in such cases. conflicts of interest. The Company is the counterparty to all transactions concluded under the Client Agreement and therefore the Company’s interests may conflict with those of the Client. The Conflicts of Interest Policy is available on the Company’s website. Prices are set by the Company and may differ from prices quoted elsewhere. The Company will provide the prices to be used for trading and evaluating Client’s positions in accordance with its trading policies and procedures. As such, they may not correspond directly to real-time market levels at the time the option writing occurs. Rights to Underlying Assets. The Client has no rights or obligations in relation to the underlying instruments or assets related to the CFDs. Telephone orders and immediate execution. Market orders executed by telephone through the Company’s dealing room are completed when the Company’s operator says “Deal” or “Done” after the order has been placed by the Client. After such confirmation from the operator, the customer has bought or sold and cannot cancel the order. By placing orders through the Company’s trading room, the Client consents to such instant execution and accepts the risk of this instant execution feature. The Company is not an advisor or fiduciary to clients. When the Company makes general market recommendations, such general recommendations do not constitute a personal recommendation or investment advice and do not take into account the personal circumstances or investment objectives of the client, nor do they constitute an offer to trade or the solicitation of an offer to trade in CFDs. Any decision made by the Client to trade CFDs with the Company and any decision whether a transaction is fair or reasonable for the customer is an independent decision of the customer. The Company is not acting as a consultant or serving as a fiduciary to the Client. Client agrees that the Company shall have no fiduciary duty to the Client and shall have no liability in connection with any liabilities, claims, damages, costs and expenses, including attorneys’ fees, arising in connection with the Client’s compliance with the Company’s general trading recommendations or actions takes or does not take on the basis of general recommendations or information from the company. Recommendations are without guarantee. The Company’s general market recommendations are based solely on the judgment of its employees and should be treated as such. The customer acknowledges that it completes all transactions at its own discretion. Any market recommendations provided are general only and may or may not be consistent with the market positions or intentions of the Company and/or its affiliates. The Company’s general market recommendations are based on information believed to be reliable, however the Company cannot and does not guarantee their accuracy or completeness or represent that following such general recommendations will reduce or eliminate the risk associated with trading CFDs. No win guarantee. There is no guarantee of profit or loss avoidance when trading CFDs. The customer has received no such guarantees from the company or any of its representatives.
Internet trade. If the Client trades online (via the Internet), the Company shall not be liable for any claim, loss, damage, cost or expense, whether direct or indirect, caused by any malfunction or failure of any transmission, communications system, computer equipment or trading software, regardless whether owned by the company, the customer, an exchange, or a settlement or clearing system. Telephone orders. The company is not responsible for interruptions, failures or malfunctions of telephone systems and does not guarantee telephone availability. For clarification: The customer is aware that the Company may not be available by telephone at all times and the Client may therefore place his orders via online access to the Company’s trading platform. market conditions.
I/WE HAVE READ, UNDERSTAND AND AGREE TO THE RISK STATEMENT AND THE TRADING POLICIES AND PROCEDURES SET FORTH ABOVE.