Risk Disclosure Statement
Important Notice:
If you are not fully aware of the risks involved in foreign exchange trading, we strongly advise against trading. X Trade Plus highly recommends that potential traders thoroughly read and understand this risk disclaimer before engaging in any Forex trading activities.
Responsibility:
It is your responsibility to carefully evaluate your financial position and investment objectives before committing funds to foreign exchange trading. Prior to engaging in any transactions with X Trade Plus, assess whether such trading is appropriate for you, given your personal financial situation. Foreign exchange trading can lead to both significant gains and substantial losses, making it a “double-edged sword.”
Contingent Orders:
Placing contingent orders, such as “stop-loss” or “stop-limit” orders, does not guarantee that losses will be limited to the desired amounts. Market conditions may prevent the execution of such orders. You may be required to deposit additional margin funds at short notice, and failure to provide the necessary funds within the specified time frame could result in the liquidation of your position. In such cases, you will remain liable for any resulting deficit in your account. Carefully consider whether this type of trading suits your financial situation.
Market Conditions:
Certain market conditions can make it difficult or impossible to execute orders at the desired price. Spread positions may carry the same level of risk as simple long or short positions and may be more complex. The high degree of leverage available in spot foreign exchange trading, due to low margin requirements, can work both for and against you, potentially leading to large losses or gains.
Insolvency Risk:
The insolvency of X Trade Plus, or any bank or broker used by X Trade Plus to carry out transactions on your behalf, may result in the closure of your positions against your wishes.
Speculative Nature:
Trading through X Trade Plus’s dealing services may be speculative and can result in significant losses over a short period, including the total loss of your deposited funds. These losses may arise from adverse market movements, position buildup, or the accumulation of commissions and charges related to your transactions.
Non-Readily Realizable Transactions:
Be aware that certain transactions, especially those involving currencies traded infrequently or irregularly, may be non-readily realizable. This means there may be instances where it is difficult or impossible to quote a price or execute a transaction due to the absence of a counterparty.
Off-Exchange Trading:
The foreign currency trading you are engaging in does not occur on an exchange. X Trade Plus may act as a counterparty in your transactions, meaning it may buy when you sell and sell when you buy. This may create a conflict of interest, as X Trade Plus sets the prices at which it offers to trade with you. These prices may not always be the best available, and different prices may be offered to different clients. Therefore, it is crucial to carefully assess any trade recommendations you receive from X Trade Plus or its solicitors.
Final Warning:
Forex trading carries substantial risk. It is essential that you fully understand and are prepared to accept the risks before proceeding. Additionally, please note that staking and scalping are strictly prohibited in our trading activities. If you have any doubts or are uncertain about any aspect of this disclosure, we strongly encourage you to seek independent financial advice.