Risk Disclosure
All Customers and prospective Customers must carefully review this risk disclosure before completing registration on the Website or on the trading terminal device and before they commence trading. The purpose of this Risk Disclosure (hereinafter referred to as the Disclosure) is to provide Customers with information about risks associated with transactions in the financial market in general and with options in particular and to warn Customers about potential financial losses and related risks. The list of risks provided in this Disclosure is not exhaustive as there are many situations that may arise during trading. This disclosure is for informational purposes. It is intended to provide a general explanation of the risks associated with options trading.
1. Customers acknowledge that options trading is a highly speculative and extremely risky investment and is suitable only for investors who:
- Understand and are prepared to face economic, legal, and other risks,
- Consider their financial situation, financial resources, and obligations and can afford to risk the loss of what they invest,
- Have sufficient knowledge to understand what options trading entails.
The Company does not provide Customers with any recommendations or advice on options and does not give investment recommendations in any form. Customers make decisions regarding trading strategies and specific actions based on their own understanding of the market or consult with independent financial advisors not affiliated with the Company. Options are financial derivative instruments, their prices are derived from the price of underlying assets/markets to which they are linked (e.g., currencies, stock indices, stocks, metals, futures contracts, etc.). For this reason, it is extremely important for customers to understand the risks associated with trading on the appropriate market/underlying asset.
2. Customers bear the risk of financial losses related to malfunctions, disruptions, loss of connection, or malicious attacks by third parties related to information, communications, electricity, electronics, and other systems used to execute transactions.
- Errors in source and/or equipment from the Customer or the Customer's communication service provider (specifically voice communication);
- Physical damage (or destruction) to communication channels used to communicate between the Company and the Customer's service provider (telecommunications service provider) and the Customer's server;
- Unreliability (extremely poor quality) when passing through channels used by the Customer or channels used by the service provider or communication service provider (specifically voice communication) that the Customer uses;
- Failure (extremely poor quality) to communicate information through channels used by the Company, specifically physical damage (destruction) of communication channels by third parties.
3. Customers acknowledge that their trading activities may be at risk due to network-related events, including hardware and software errors, server, communication line, and internet failures. Any such failure may result in the failure to execute Customer orders according to their orders. The Company shall not be liable in such cases.
4. Customers understand that the Internet may experience events affecting their access to the Company's website and trading terminal devices, including but not limited to interruptions or malfunctions of software and hardware, internet disconnections, power outages, or hacker attacks. The Company shall not be liable for any damages or losses resulting from events beyond its control or any other damages, costs, legal liabilities (including, but not limited to, lost profits) that may arise from Customers' inability to access the Company's website or delays in or non-delivery of orders.
5. When trading via trading terminal devices, Customers bear the risk of financial losses that may arise from: hardware and software errors, device failures, and poor quality of telecommunications services from the Customer; malfunction of the Customer's equipment.
6. Customers acknowledge that in abnormal market conditions, the processing time of their orders may increase.
7. Customers acknowledge that only one request or order may be in the request/order queue on the server. Any attempt to submit new requests or orders will be rejected.
8. Customers acknowledge that the Company's server is the only reliable source of price information about assets. The asset prices on the Customer's trading terminal device cannot be used as a reliable price information source because if the connection between the Customer's trading terminal device and the Company's server becomes unstable, some asset prices may not reach the Customer's trading terminal device.
9. Customers acknowledge that closing the web browser window will not cancel orders or requests already received by the Company for processing.
10. Customers bear the risk of executing unplanned transactions if they resubmit orders before receiving information about the processing result of their previous order.
11. Customers bear the risk of any financial losses due to not receiving or receiving messages from the Company late.
12. Customers acknowledge that information sent via email is not encrypted and is not protected against unauthorized access.