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This short notice, in addition to the General Business Conditions, does not aim to state all risks and other important aspects of foreign currency and derivative transactions. If you do not know the nature of the contracts you enter, the legal aspects of these relationships under such contracts, or your degree of exposure, you should not resolve the transactions of those products, considering the risks. Foreign currency and derivative transactions are high risk, so they are not suitable for many people. Considering your experience, goals, financial resources and other important factors, you should thoroughly evaluate how appropriate these types of transactions are for you.
1.1 Leveraged trading means growing potential profits; It also means that losses are magnified. The lower the margin requirement, the higher the risk of potential loss if the market moves against you. Sometimes the required margins can be as little as 0.5%. When trading using margin, keep in mind that your losses can exceed your initial payment and it is possible to lose much more money than you originally invested. The amount of the initial margin may appear small compared to the values of foreign exchange contracts or derivatives, because the "leverage" or "gear" effect is used during the trading transaction. Relatively noteworthy market movements will have a proportionally increasing effect on the amounts invested or deposited by you. This can happen to or against you. While supporting your position, there may be any loss in the degree of the initial margin and the amount of money invested in the Company. If your market position starts to move in the opposite direction and / or the amount of margin required increases, the Company may ask you to urgently deposit additional funds to support the position. Failure to meet additional deposit requirements may result in your Company's position (s) being closed, and you will be responsible for any loss or deficiency associated with them. 1.2 Orders and Strategies that Reduce Risk Placing certain orders (eg "stop-stop" orders) or "stop-limit" orders that limit the maximum loss amount, if permitted by local law, may be inefficient in the event of a market situation, making it impossible to execute such orders (for example, in the case of market liquidity). Any strategy that uses combinations of positions, for example "spread" and "invasion", may not be less risky than those common with "long" and "short" positions.
2.1 Conditions of entry into contracts You need to obtain detailed information from your broker about the conditions of entering into contracts and the obligations associated with them (for example, in the circumstances, where you can accrue the obligation to realize or accept any asset within the framework of a delivery) in the event of a futures contract or an option. and information on time limits for the implementation of options). Under some circumstances, a stock exchange or clearinghouse may change the requirements of undecided contracts (including strike price) to reflect changes in the market for that asset.
2.2 Suspension or limitation of trade. Price correlation
Some market situations (eg liquidity) and / or rules of business of some markets (for example, suspension of trade according to contracts, for months, due to excess in the boundaries of price changes) may increase. losses incurred as performing operations or squaring / sharpening positions become difficult or impossible. If you sell options, losses may increase. A well-grounded interconnection is not always between the asset's prices and the derivative asset. The absence of an asset's reference price can make the "fair value" estimate difficult.
2.3 Funds deposited and property
When conducting an operation in your country or abroad, you should be knowledgeable about protective tools within the limits of Security that you invest in the form of cash or other assets, especially if the firm performing a bankruptcy or bankruptcy. subject. The extent to which you can return your cash or other assets is regulated by the legislation of the Counterparty and the local country standards.
2.4 Commission fees and other costs
Before joining any trades, you should get clear information about all commission fees, payments and any other expenses that you have to pay. These expenses will affect your net financial result (profit or loss).
2.5 Transactions in other jurisdictions
Trading transactions in other jurisdictions, including those that are officially linked to your internal market, may pose additional risks to you. The regulation of the mentioned markets may differ from yours in terms of investor protection (including a lower degree of protection from you). Your local regulatory authority cannot ensure that the rules set forth in regulatory authorities or other jurisdictions where you operate by markets are compulsory.
2.6 Currency risk
Unlike the currency of your account, the profit and loss of transactions with foreign currency contracts are affected by fluctuations in the exchange rate when converted from the contract currency to the account currency.
2.7 Liquidity risk
Liquidity risk affects your ability to trade. Risk of your CFD or asset not being traded at the time you want to trade (preventing a loss or making a profit). Additionally, the margin you need to deposit to the CFD provider as a deposit is recalculated daily based on changes in the value of the underlying assets of your CFDs. If this recalculation (revaluation) causes a decrease in value compared to the previous day's value, you will need to pay the CFD supplier immediately to adjust the margin and close the loss. If you are unable to pay, the CFD provider may close your position whether or not you participate in this action. Then, even if the price of the underlying asset is recovered, you will have to cover the loss. If you don't have the required margin, even if one of these positions shows profit for you at that stage, there are CFD providers who are liquidating all your CFD positions. To keep your position open, you may need to allow the CFD provider to receive additional payments (usually from your credit card) at its discretion when necessary for the relevant margin calls. In a fast-moving, volatile market, you can easily manage a large credit card bill this way.
2.8 "Stop loss" limits
Many CFD providers offer you the opportunity to choose “stop loss” limits to limit losses. This automatically closes your location when it reaches a price limit you choose. For example, there are some situations where the “stop loss” limit is ineffective when there are rapid price movements or market closings. Stop loss limits cannot always protect you from losses.
2.9 Execution risk
Enforcement risk is related to the fact that transactions cannot be realized immediately. For example, there may be a delay between when you place your order and when it is processed. During this period, the market may have acted against you. So, your order does not come at the price you expect. Some CFD providers allow you to trade even when the market is closed. Note that the prices of these trades may differ greatly from the closing price of the underlying asset. In many cases, the spread may be wider than when the market was open.
2.10 Counterparty risk
Counterparty risk is the risk that the provider that issued the CFD (i.e. your counterparty party) will default and fail to meet its financial obligations. If your funds are not properly separated from the CFD provider's funds and the CFD provider faces financial difficulties, there is a risk that you will not be able to withdraw any money from you.
2.11 Trading systems
Most of the usual "voice" and electronic commerce systems use computer devices to clear routing orders, balancing transactions, registration and transactions. As with other electronic devices and systems, these are subject to temporary failure and malfunction. Your chances for reimbursement for certain losses may depend on the limits of liability set by the trading systems supplier, markets, clearing and / or trading companies. These limits may change; You should get detailed information from your broker about this.
2.12 Electronics trade
Trading transactions using any Electronic Communication Network may differ not only from trading transactions in the normal "open circuit" market but also from trading transactions using other electronic trading systems. If you take any action on the Electronic Communication Network, you take risks specific to this system, including a risk of failure in the operation of the hardware or software. System failure may result in: Your order may not be fulfilled in accordance with the instructions; an order may never be fulfilled; It may not be possible to get continuous information about your positions or fulfill collateral requirements.
2.13 Bench Top operations
In some jurisdictions, firms are allowed to perform over-the-counter transactions. Your agency can act as a response to these transactions. The nature of such transactions depends on the complexity or impossibility of closing positions, estimating values, or determining the reasonable price or risk exposure. For the reasons mentioned above, these transactions can be associated with increased risks. The regulation that manages over-the-counter operations may be less strict or provide a specific editing mode. You will need to be familiar with the rules and risks associated with them before carrying out such transactions.