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Read our Terms and Conditions, attachments and any additional information available to you here prior to opening an account or performing any transactions.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Terms and Conditions PDFDownload
Risk Disclousure PDFDownload
Best Execution Policy PDFDownload
Client Categorization Policy PDFDownload
Conflict of Interest Policy PDFDownload
Complaint Handling Policy and Procedure PDFDownload
Contract Specification Document PDFDownload
Costs and Charges PDFDownload
The risk factors associated with investing in financial instruments on OTC markets are:
1) Market risk or the risk of unfavorable changes in the price of underlying instruments - concluding transactions in financial instruments which have a price based on exchange rates, commodity prices, levels of stock indices or prices of other underlying instruments involves risks occurring in the market on which the underlying instrument is quoted. The risk of the market of the underlying instrument includes, in particular, the risk of political changes, changes in economic policy and other factors, which could significantly and permanently affect the price of the underlying instrument.
2) Currency risk - changes in exchange rates may have a negative impact on the price of financial instruments also when the instruments are not directly based on exchange rates.
3) Interest rate risk - changes in interest rates could adversely affect the price of financial instruments and, consequently, the financial results for the client.
4) Leverage risk - it is possible to invest in the financial instruments offered by the company using financial leverage. This means that the nominal value of a transaction may exceed the value of contributed margin. This leads to the situation where even a small change in the price of a financial instrument may have a considerable impact on the customer's account. Keeping your interests in mind, we do not recommend using the maximum available leverage and suggest implementing the careful money management policy.
5) Liquidity risk - the risk of reduction or inability to purchase or sell a financial instrument. Increased liquidity risk may arise in particular in the situation of a market slump or in the case of the publication of important macroeconomic data. The risk of a short-term reduction of liquidity may occur around banks closing (before and after 17:00 New York).
6) Decline in collateral value risk - in case of unfavorable changes in the prices of financial instruments there may be a decline in the value of contributed margin. It may result in the automatic closure of the client's open position.
7) Price gap risk - leaving an open position for a period in which there is no trading in financial instruments exposes the investor to increased risk of price changes of a financial instrument. The opening price after the start of trading may significantly differ from the closing price of the previous trading day. As a result of the price gap, the client’s position may be automatically closed, and the client may suffer a loss that exceeds the value of contributed margin.
8) Slippage risk – pending orders (Limit/Stop/Take Profit/Stop Loss) may be subject to price slippage, this means that in some circumstances that the execution of some orders may not be available at your chosen price. It will then be completed at the best available price at that time.
9) Risk of order execution - there is a possibility of failure in order execution by the Liquidity Provider at a previously offered price. In this case, the client's order is directed to the Liquidity Provider, and the next best offer is delivered.
10) Operational risk - transactions executed through IT systems carry the risk of errors or delays in transaction execution or the transmission of data stream, which does not lie on the side of the company and for which the company is not liable. As a result of these irregularities, an order submitted for execution by the client may not be realized, or the conditions of its execution may differ significantly from the client's intentions.
11) Force Majeure - a high risk situation, which remains outside the control of the company and the client, which cannot be predicted in advance, having a significant impact on the business.