Risk disclosure statement

1. Nature of leveraged products

Foreign exchange (“forex”) contracts and contracts for difference (“CFDs”) are complex, leveraged financial instruments. They allow you to gain exposure to price movements in currencies, metals, indices and commodities without owning the underlying asset. Because these products are traded on margin, a relatively small market movement can produce a proportionately much larger movement in the value of your position — against you as well as for you.

2. Risk of loss

Trading forex and CFDs carries a high level of risk and may result in the loss of some or all of your invested capital. These products are not suitable for all investors. You should not trade these products unless you understand their nature and the extent of your exposure to risk, and you should not commit money you cannot afford to lose. Historical performance — whether of a market, a strategy or an individual — is not a reliable indicator of future results.

3. Leverage and margin risk

Leverage magnifies both profits and losses. A market movement of less than one percent, multiplied by high leverage, can eliminate the margin supporting a position. If your account equity falls below required margin levels, your positions may be closed automatically, at the prevailing market price, without prior notice to you. You are responsible for monitoring your positions and margin level at all times.

4. Market and volatility risk

Financial markets can move sharply and without warning, particularly around economic data releases, central bank announcements and geopolitical events. Under volatile or illiquid conditions, prices may “gap” — jumping from one level to another without trading at levels in between. Stop-loss orders are executed at the next available price and are therefore not a guarantee against losses greater than intended.

5. Execution and technology risk

Trading through an electronic platform carries risks including hardware or software failure, connectivity interruption and delayed execution. While we maintain redundant systems, we cannot guarantee uninterrupted availability. You should maintain contingency arrangements (such as telephone dealing access) for managing open positions if electronic access fails.

6. Currency and conversion risk

Where you trade instruments denominated in a currency other than your account’s base currency, profits, losses and costs are affected by fluctuations in the applicable exchange rates at conversion.

7. Costs and charges

Spreads, commissions, overnight financing (or administration fees on swap-free accounts) and any applicable conversion charges all reduce the return on your trading. Frequent trading multiplies these costs. The full schedule of charges applicable to your account is available in your account documentation and must be read before trading.

8. No advice

Content on this website — including educational articles, market commentary and illustrative figures — is provided for general information only. It does not constitute investment advice, a personal recommendation, or an offer or solicitation to buy or sell any financial instrument. If you are unsure whether these products are appropriate for you, seek advice from an independent, licensed financial adviser.

9. Client classification and protections

The protections applicable to your account — including leverage limits and negative balance protection — depend on your client classification under applicable regulations. [PLACEHOLDER: describe your regulator’s classification regime and the protections attached to each category.]

10. Acknowledgement

By opening an account, you confirm that you have read and understood this Risk Disclosure Statement, that you have considered your own financial circumstances, and that you accept the risks described above.

Last updated: [DATE PLACEHOLDER]. This document forms part of our client agreement together with the Regulatory Information page.