Risk Warning Read Before Trading

All trading involves the possibility of financial loss. Market prices can rise or fall due to many factors, including economic news, interest rate decisions, company results, political events, global developments, liquidity conditions and market sentiment.

Even if you use a regulated broker, advanced trading platform or detailed market analysis, there is no guarantee that your trades will be profitable.

Trading risks may include:

• Market risk
• Leverage risk
• Margin risk
• Volatility risk
• Liquidity risk
• Slippage risk
• Execution risk
• Spread and commission costs
• Overnight financing fees
• Currency conversion costs
• Broker-related risk
• Platform or technical risk
• Emotional and behavioral risk

You should never trade with money you cannot afford to lose.

Leverage allows traders to control a larger market position with a smaller amount of capital. While leverage can increase potential exposure, it can also increase losses. A small market movement can have a large impact on your account balance when leverage is used.

High leverage is risky because:

• Losses can happen quickly
• Small price changes can create large account movements
• Margin requirements may change
• Positions may be closed automatically
• Traders may take positions that are too large
• Emotional decision-making may increase
• Account balances can fall rapidly

Higher leverage does not mean better trading conditions. It means higher exposure and higher risk.

Margin is the amount of money required to open and maintain a leveraged position. If the market moves against your trade, your account equity may decrease. If your margin level becomes too low, your broker may issue a margin call or automatically close some or all of your positions.

Important margin-related risks include:

• Margin calls
• Stop-out levels
• Forced position closures
• Reduced free margin
• Rapid account balance changes
• Increased exposure during volatile markets
• Possible losses greater than expected, depending on product and broker terms

Before using leverage, you should understand how margin requirements work and how much of your account is exposed to risk.

Contracts for Difference, also known as CFDs, are complex financial instruments. CFDs allow traders to speculate on price movements without owning the underlying asset. CFDs are often traded with leverage, which means both profits and losses can be magnified.

CFD trading may not be suitable for all users. Before trading CFDs, you should understand:

• How CFDs work
• How leverage affects your exposure
• How margin requirements apply
• How spreads and commissions affect costs
• How overnight financing fees are charged
• How quickly losses can occur
• Whether you can afford to lose the money you deposit

CFDs can result in rapid losses due to leverage. You should carefully read the broker’s risk disclosure documents before trading.

Forex trading involves buying one currency and selling another. Currency prices can move quickly due to economic data, central bank decisions, interest rate expectations, political events and global market sentiment.

Forex trading risks include:

• Exchange rate movements
• Leverage exposure
• Interest rate changes
• Market volatility
• Liquidity changes
• Spread widening
• Slippage during fast markets
• Overnight swap or financing costs

Forex trading can be highly risky, especially for inexperienced traders or users who do not understand leverage and margin.

Cryptocurrency markets can be extremely volatile. Prices may rise or fall sharply within a short period of time. Crypto derivatives and crypto CFDs can involve additional risks because they may combine cryptocurrency volatility with leverage.

Crypto-related risks may include:

• High price volatility
• Low liquidity during certain periods
• Sudden price gaps
• Regulatory uncertainty
• Platform or exchange risk
• Wider spreads
• Higher overnight or funding costs
• Increased risk when leverage is used

Crypto products are not suitable for all users. You should fully understand the risks before trading any cryptocurrency-related product.

Volatility refers to how quickly and strongly prices move. High volatility can increase both trading opportunities and trading risk. During volatile periods, prices may move faster than expected, spreads may widen and orders may be executed at different prices.

Volatility may increase during:

• Economic announcements
• Central bank meetings
• Inflation reports
• Employment data releases
• Earnings announcements
• Market openings and closings
• Political events
• Geopolitical conflicts
• Unexpected news
• Low liquidity periods

A stop-loss order may help manage risk, but it does not guarantee execution at the exact selected price.

Slippage occurs when an order is executed at a different price than expected. This can happen during fast market movements, low liquidity, price gaps or major news events.

Execution risk may include:

• Delayed order execution
• Requotes
• Order rejection
• Partial fills
• Slippage
• Platform errors
• Internet connection issues
• Price gaps
• Spread widening

Even reliable brokers and advanced platforms cannot guarantee perfect execution in all market conditions.

Trading costs can reduce profits and increase losses. A broker may advertise low spreads or zero commission, but the total cost of trading may include several different fees.

Trading costs may include:

• Spreads
• Commissions
• Overnight swap or financing fees
• Inactivity fees
• Deposit fees
• Withdrawal fees
• Currency conversion fees
• Platform fees
• Market data fees
• Account maintenance fees

Before choosing a broker, users should review the full fee structure and understand how trading costs may affect their results.

Broker risk refers to risks related to the company providing trading services. Not all brokers operate under the same rules, protections or transparency standards. Broker conditions can vary depending on regulation, legal entity, jurisdiction, account type and country of residence.

Broker-related risks may include:

• Weak or unclear regulation
• Limited client protection
• Unclear legal entity information
• Withdrawal delays or restrictions
• Hidden or unclear fees
• Confusing account terms
• Poor customer support
• Platform instability
• Aggressive marketing
• Lack of clear risk disclosure

Before opening an account, users should verify the broker’s regulatory status, legal entity, fees, withdrawal conditions and risk documents directly with the broker and relevant regulator.

Regulation can provide important oversight and client protection, but it does not remove trading risk. A regulated broker does not guarantee profits, prevent market losses or ensure that trading is suitable for every user.

Users should understand:

• Which legal entity they are registering with
• Which regulator supervises that entity
• What client protections apply
• Whether negative balance protection is available
• What compensation schemes may apply, if any
• What leverage limits apply
• What dispute resolution options are available

Broker regulation may vary by country, entity and account type.

Past performance does not guarantee future results. Historical price movements, backtests, strategy examples, broker statistics, market analysis or educational examples should not be treated as proof of future performance.

No trading strategy can guarantee profit. Market conditions can change, and a strategy that worked in the past may fail in the future.