Risk Disclosure

Last updated: 16 September 2026

Trading leveraged products involves a high level of risk and can result in rapid losses. This disclosure describes important risks but cannot cover every circumstance. Product availability and protections vary by jurisdiction and account type.

1. No personal recommendation

Information provided through the website or platform is general and does not take account of your objectives, financial situation, knowledge or experience. Unless expressly agreed otherwise, it is not investment, legal or tax advice.

2. Leverage

Leverage magnifies both gains and losses. A relatively small movement in the underlying market can cause a much larger change in the value of your position and may rapidly use the funds available in your account.

3. Margin and close-out

You may be required to maintain margin. Positions may be reduced or closed when available funds fall below required levels, potentially without advance notice. A close-out mechanism does not guarantee a particular execution price.

4. Volatility and price gaps

Prices can move sharply in response to economic data, news, market sentiment, trading halts or events outside normal hours. Markets may reopen at a substantially different price, increasing the possibility of slippage or loss.

5. Liquidity and execution

Some instruments may become difficult or impossible to trade at a desired time, size or price. Orders may be rejected, delayed or executed at a different price because of liquidity, volatility, market rules or technical conditions.

6. Stop and limit orders

Order types designed to limit loss or secure profit are not guaranteed. In fast or gapping markets, an order may execute away from its trigger price or may not be executable under the relevant market conditions.

7. Technology and communications

Internet, device, software, power, market-data or platform failures may delay access, instructions or execution. You should maintain secure credentials, reliable connectivity and an alternative way to contact support where available.

8. Currency risk

If an instrument, profit, loss or account balance is denominated in a currency different from your reference currency, exchange-rate movements may increase losses or reduce returns.

9. Counterparty and third-party risk

Your ability to recover money may be affected by the financial condition, insolvency or operational failure of a counterparty, bank, payment provider, market, custodian or other service provider. Applicable client-money protections differ by jurisdiction.

10. Costs and financing

Spreads, commissions, financing, conversion and other charges reduce returns and may make a position unprofitable even where the market moves in the anticipated direction. Positions held for longer periods may incur recurring costs.

11. Digital-asset reference values

Products linked to digital assets may experience extreme volatility, fragmented liquidity, pricing differences, operational disruption and rapid legal or regulatory change. They may be unsuitable for many clients.

12. Past performance and scenarios

Past performance, simulated results, forecasts and examples are not reliable indicators of future performance. Market conditions can change materially and actual outcomes may differ.

13. Your decision

Only trade products you understand and only with money you can afford to lose. Consider your experience, objectives, resources and ability to bear loss, read all product documents, and seek independent professional advice if needed. Questions may be sent to [email protected].