The Client should not engage in any investment, directly or indirectly, in Financial Instruments unless he knows and understands the risks involved for each one of the Financial Instruments offered by the Company. Therefore, prior to applying for an account, the Client should consider carefully whether investing in a specific Financial Instrument is suitable for him in light of his circumstances and financial resources. If the Client does not understand the risks involved, he/she should seek advice and consultation from an independent financial advisor. If the Client still does not understand the risks involved in trading in any Financial Instruments, he/she should not trade at all.

4.1. The Company may be required to hold your money in an account that is segregated from other Clients and the Company’s money in accordance with current regulations, but this may not afford complete protection.

4.2. The Company may pass money received from the Client to a third party (e.g., a bank) to hold or control in order to effect a Transaction through or with that person or to satisfy the Client’s obligation to provide collateral (e.g., initial margin requirement) in respect of a Transaction. The Company has no responsibility for any acts or omissions of any third party to whom it will pass money received from the Client.

4.3. The third party to whom the Company will pass money may hold it in an omnibus account, and it may not be possible to separate it from the Client’s money or the third party’s money. In the event of the insolvency or any other analogous proceedings in relation to that third party, the Company may only have an unsecured claim against the third party on behalf of the Client, and the Client will be exposed to the risk that the money received by the Company from the third party is insufficient to satisfy the claims of the Client with claims in respect of the relevant account. The Company does not accept any liability or responsibility for any resulting losses.

4.4. A Company or Bank or Broker with whom the Company may deal could have interests contrary to the Client’s interests.

4.5. The insolvency of the Company or of a Bank or Broker used by the Company to effect its transactions may lead to the Client’s positions being closed out against your wishes.

5.1. Clients who undertake transactions on an electronic trading system will be exposed to risks associated with the system, including the failure of hardware and software (Internet/Servers). The result of any system failure may be that an order is either not executed according to the instructions provided for it, or is not executed at all. The Company does not accept any liability in the case of such a failure. The use of wireless connections or dial-up connections, or any other form of unstable connection at the Client’s end, may result in poor or interrupted connectivity or lack of signal strength causing delays in the transmission of data between the Client and the Company when using the Company’s Electronic Trading Platform. Such delays or disturbances may result in the Client sending to the Company out-of-date ‘Market Orders’. In these circumstances, the Company will update the price and execute the order at the best available ‘market price’.

5.2. The Client acknowledges that only one Instruction is allowed to be in the queue at one time. Once the Client has sent an Instruction, any further Instructions sent by the Client are ignored, and the “order is locked” message appears until the first Instruction is executed.

5.3. The Client acknowledges that the only reliable source of Quotes Flow information is that of the live Server’s Quotes Base. The Quotes Base in the Client Terminal is not a reliable source of Quotes Flow information because the connection between the Client Terminal and the Server may be disrupted at some point and some of the Quotes simply may not reach the Client Terminal.

5.4. The Client acknowledges that when an Order is closed or being executed, it may not be cancelled or modified.

5.5. The Client may lose all amounts he has deposited with the Company as margin. Placing certain orders available on the Trading Platform (e.g., “stop-loss” or “limit” orders) that are intended to limit losses to certain amounts may not always be effective because market conditions or technological limitations may make it impossible to execute such orders. Please also note that for all orders (including guaranteed stop-loss orders) you may sustain the loss (which your order is intended to limit) in a short period of time. In other cases, the execution of Stop-Loss orders may be worse than its stipulated price and the realized losses can be larger than expected.

5.6. Clients may use the Cancel feature when trading up to 25% out of their latest 30 transactions. If this rate is exceeded, the system will automatically disable the Approve/Cancel pop-up window.

6.1. The Client, and not the Company, shall be responsible for the risks of financial losses caused by failure, malfunction, interruption, disconnection, or malicious actions of information, communication, electricity, electronic, or other systems.

6.2. The Company has no responsibility if authorized third parties have access to information, including electronic addresses, electronic communication, and personal data, access data when the above are transmitted between the Company and any other party, using the Internet or other network communication facilities, telephone, or any other electronic means.

6.3. The Client acknowledges that unencrypted information transmitted by e-mail is not protected from any unauthorized access.

6.4. At times of excessive deal flow, the Client may have difficulties connecting over the phone or the Company’s trading platform(s)/system(s), especially in a fast Market (for example, when key macroeconomic indicators are released).

6.5. The Client acknowledges that the Internet may be subject to events which may affect his access to the Company’s website and/or the Company’s trading platform(s)/system(s), including but not limited to interruptions or transmission blackouts, software and hardware failure, Internet disconnection, public electricity network failures, or hacker attacks. The Company is not responsible for any damages or losses resulting from such events which are beyond its control or for any other losses, costs, liabilities, or expenses (including, without limitation, loss of profit) which may result from the Client’s inability to access the Company’s Website and/or Trading System or delay or failure in sending orders or Transactions.

6.6. The Client is warned that when trading on an electronic platform, he assumes the risk of financial loss which may be a consequence of, among other things:

• Failure of the Client’s devices, software, and poor quality of connection.
• The Company’s or Client’s hardware or software failure, malfunction, or misuse.
• Improper operation of the Client’s equipment.
• Incorrect settings of the Client’s Terminal.
• Delayed updates of Client’s Terminal.

6.7. In connection with the use of computer equipment and data and voice communication networks, the Client bears the following risks, among other risks, in which cases the Company has no liability for any resulting loss:

• Power cuts on the side of the Client or the provider, or communication operator (including voice communication) that serves the Client.
• Physical damage (or destruction) of the communication channels used to link the Client and provider (communication operator) and the trading or information server of the Client.
• Outage (unacceptably low quality) of communication via the channels used by the Client, or the channels used by the provider, or communication operator (including voice communication) that are used by the Client.
• Incorrect or inconsistent settings of the Client Terminal.
• Untimely update of the Client Terminal.
• When carrying out transactions via the telephone (land or cell phone lines), the Client runs the risk of problematic dialing when trying to reach an employee of the broker service department of the Company due to communication quality issues and communication channel loads.
• The use of communication channels, hardware, and software generates the risk of non-reception of a message (including text messages) by the Client from the Company.
• Trading over the phone might be impeded by the overload of the connection.
• Malfunction or non-operability of the trading system (platform), which also includes the Client Terminal.
• Outage (unacceptably low quality) of communication via the channels used by the Company, in particular, physical damage (destruction) of the communication channels by third parties.

7.1. Investing in some Financial Instruments entails the use of “gearing” or “leverage”. In considering whether to engage in this form of investment, the Client should be aware that the high degree of “gearing” or “leverage” is a particular feature of Derivative Financial Instruments. This stems from the margining system applicable to such trades, which generally involve a comparatively modest deposit or margin in terms of the overall contract value. Thus, a relatively small movement in the underlying market can have a disproportionately dramatic effect on the Client’s trade. If the underlying market movement is in the Client’s favor, the Client may achieve a significant profit, but an equally small adverse market movement can not only quickly result in the loss of the Client’s entire deposit but may also expose the Client to a large additional loss. Regarding transactions in Derivative Financial Instruments, a Derivative Financial Instrument is a non-deliverable spot transaction giving an opportunity to make a profit or loss on changes in currency rates, commodities, stock market indices, or share prices called the underlying instrument. The Client must not purchase a Derivative Financial Instrument unless he is willing to undertake the risks of losing entirely all the money which he has invested and also any additional commissions and other expenses incurred.

7.2. Transactions may not be undertaken on a recognized or designated investment exchange and, accordingly, they may expose the Client to greater risks than exchange transactions. The terms and conditions and trading rules may be established solely by the Execution Venue. The Client may only be able to close an open position of any given contract during the opening hours of the Execution Venue. The Client may also have to close any position with the same counterparty with whom it was originally entered into. Regarding transactions in Financial Instruments with the Company, the Company uses a Trading Platform for transactions in Financial Instruments which does not fall into the definition of a recognized exchange or a Multilateral Trading Facility. This notice cannot and does not disclose or explain all of the risks and other significant aspects involved in dealing in all Financial Instruments and investment services. This notice was designed to explain in general terms the nature of the risks involved when dealing in Financial Instruments on a fair and non-misleading basis. Please refer to the Risk Disclosure for Financial Instruments available on the Company’s website if you are considering trading with the Company in Derivative Financial Instruments.