Declaration of Risks
Declaration of Risks
The company provides a written instruction of the disclosures and warnings involved in entering into the Agreement, which covers all the risk involved in Financial Instrument and other related emerging risks obtained in the compliance of the Agreement. Each Client must seek a financial advisor in case he/she does not understand the content and/or the risks involve in the Agreement. The Client understands and agrees to the risks listed below but not limited to
Section 1. Conventional Trading.
The Company suggests that no members should sign without complete knowledge of the substantial risks.The value of securities of the Client is exposed to different market risks such as economic conditions, interest rates, profits, growth rates and other perception in the market involve.
The Client must be responsible in monitoring his/her opened positions all the time and must be capable of handling possible losses.In some cases, the Company may create general assessments of the market,but, does not count as the firm’s own investment advice.
Section 2. Default.
The positions of the Client may be closed or dissolved without any notification from the Company if any Client insolvency are found. In relation to this, the Client is obliged to transfer full ownership and title to a portion of the money deposited to the Company.
The money is required to assure the current or future and actual liabilities of the Client to the Company which involves the margin requirements. The Company will issue the amount needed based on your open positions and trading daily. The Client understands that there is a probability that the amount may be higher than the margin requirements stated.
The said amount is not subject for recovery in case the Company undergoes the state of being unable to pay the money owned either through a Client or company on time.
Section 3. Electronic System.
The Client is notified of the following risks incriminated in the use of the electronic system and any financial losses which may occur in the process
There are cases that there are failure of connection and the software do not work properly. The Company is not responsible for any damages or loss acquired by the Client in case he/she the fail to access the electronic systems of the Company and if the orders are not executed due to electronic system malfunctions.
Internet malfunction can happen any time of the trading process. In relation to this, the client may be exposed to different network failures which can affect his/her online transaction with the Company and or the completion of the orders.
The Company is not liable for the failure of the order execution related to the breakdown of the electronic system. The Client understands that the Company is not responsible for any claims, expenses, damages or losses and costs as a result of malfunction or failure of any communication system and trading software belonging to the Company.
All the facilities and systems under the Company are susceptible to transitory failure or disruption due to the limitations of internet connections.
Any form of danger or loss caused by the illegal access of a third party or laxity of the Client shall not be put against the Company.
Section4. Trading and Pricing Relationships.
Certain market conditions and/or operations or events of the market players during the trading transactions may strengthen the exposure to loss through unfeasible execution of transaction and/ liquidates the offset position of the Client. The market rules may affect as well the flow of transaction and may lead to unavoidable risks.
The Abnormal market conditions may change the flow of transactions. In most cases, transaction under the mentioned circumstance will result in delay of the process and alteration of the prices.
The Client recognizes the loss involved in case of unavoidable circumstances and the Company shall not be liable to the damage or loss of the events which occur beyond control.
Section 5. CFDs in General.
The Client should be aware that the transactions involved in Contract for Differences (CFDs) bears risks same with the investing in a future. Further to this, CFDs transactions carry unexpected accountability and/or obligation and the Client must be receptive of these.
The Client does not have the sole right to the underlying instrument, including the reference shares or any voting rights and/or any information related and included. The Company is not obligated to reveal any irrelevant information, which includes the risks incorporated in the expense CFDs.
CFD is recommended for the traders who have sufficient knowledge of the risks involved in legal and economic dealings.The Client who agrees to buy a Derivative Financial Instrument understands the risk of loosing money and in some cases all that he/she has invested.
Leverage in CFD can cause big losses and gains, the change of movement can be beneficial for the Client but in some cases it can be a downside. CFD’s trading involves placing a trade set by the Company in accordance with the price movements. The prices are modified from time to time depending on the circumstances, such as national and economic scenarios worldwide.
Only the underlying assets offered by the company are permitted to be transacted in CFD and must be processed only on the trading system of the Company.
Section 6. Trading Revocation.
In some cases, it will be impossible to liquidate a position when the price changes rapidly in the market and the price of the underlying asset surges or drops. Under some circumstances, the price may rise and fall in one transaction that will result into the suspension or restriction of the underlying assets. The Client understands that under these conditions, he/she must accept the correlated risks and that he/she is responsible for the possible loss.
The Company has the sole right to cancel or close a position in the said circumstance and as a result of transposing information. In that case, the Company holds no specific responsibility for any damages or losses that may occur.
Section 7. Unauthorized Access.
The Company is not liable for the loss that may emerge due to behindhand or mis communication to the Client. The third party may act as the medium for delivering the money or funds from the Client to the Company and in some instances may accept it temporarily to carry out a transaction.
In case, the third party is found to be performing any forms of fraudulent activities before, during and after the transaction, the Company is not responsible for the damages or loss which may occur. The Client recognizes all the risks enclosed in allowing a third party to transact on his/her behalf, such as unauthorized access to the trading platform. Futher into this, the Client must keep all his/her log in information safe.
Section 8. Further Risks
According to our Terms and conditions, the client can purchase a refund ONLY whether there is an available margin on the clients balance
Upon the Company receiving an instruction from the Client to refund funds from the Client Account, A formal request shall be submitted by the client in order to be initiated by the Company.
The Company shall proceed the refund within two Business Days to the same payment method that the funds were received, if the following Requirements are met:
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