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Risk Disclosure Notice

The leverage involved in trading these products means that both gains and losses are magnified. In other words, a relatively small market movement can lead to a proportionately much larger movement in the value of your investment, and this can work against you as well as for you.

The prices of the underlying securities, currencies, commodities, financial instruments or indices may fluctuate rapidly and over wide ranges and in reflection of unforeseen events or changes in conditions, none of which can be controlled by you.

It will also be influenced by unpredictable events including, among other things, changing supply and demand relationships, governmental, agricultural, commercial and trade programs and policies, national and international political and economic events and the prevailing psychological characteristics of the relevant marketplace.

The potential for profit or loss from Forex or CFD relating to a foreign market or denominated in a foreign currency will be affected by fluctuations in foreign exchange rates. It is possible to incur a loss if exchange rates change to your detriment, even if the price of the instrument to which the Forex or CFD relates remains unchanged.

If the market moves against you, you may be called upon to pay substantial additional margin at short notice.

If you fail to do so within the required time, your position may be liquidated at a loss and you will be liable for any resulting deficit. You will be deemed to have received a notice requiring the payment of such funds, even if you are not at home or do not receive the messages we leave for you, if the notices are delivered to your nominated contact points.

The only advice we will give you will be as to how margin trading works.

Consequently, you should consider carefully before trading with us and the appropriateness of any general advice having regard to your personal objectives, financial situation and needs, and obtain financial and legal advice before you open an account and trade with us.