Risk Disclosure

1. This document discovers information regarding risks that can take place while executing trading operations on the Client’s account in the world financial markets, and also regarding possible financial losses linked to these stated risks.

2. The list of risks specified in the text of this document cannot be considered as limited, as specificity of trading operations, and any other activities in the international financial markets. Also probability of any other situations of both trading and non-trading characters increases probability of risks not provided by this Notification.

3. Within the framework of this Notification, any risk is treated as a possibility of financial losses for the Client, the probability of which takes place while working in world financial markets.

4. The Client shall accept the following provisions related to financial risks:

4.1. Market risk is a probability of obtaining the Client’s account orders at specific intended order prices including any problems executing orders. This Risk is related to the big volumes of capital functioning in world markets, and also related to the big number of participants, thus as a consequence there is a probability of changes in the prices within a short period of time, which may cause a failure to execute the Client’s order at such prices specified in such orders.

5. The Client accepts the following provisions appearing while using the leverage:

5.1. When using margin trading (trading with the use of leverage) a comparatively minor change in the current price of the trading instruments placed on the Client’s account may significantly affect the available funds on the trading account, and as the result, the Client’s account balance. The Client bears full financial liability for possible losses including the loss of initial deposit and any other funds that have been deposited to the client’s trading account, the probability of which arises when the instrument price shifts over the direction opposite to the open position.

6. The Client accepts the clauses related to the technical risks:

6.1. Any technical or programming defects related to communication channels, trading terminals and/or software that are in any way used to perform trading activity in the financial markets on behalf of the Client may lead to considerable losses for the Client. Such defects include failure (or impossibility to use any function of software or a technical product on the Client's account).

6.2. Importance of any password security protection from any third parties access, including passwords that protect the Client’s trading accounts, personal data, or any other passwords generated by any servers and/or software forwarded to the Client. The Client shall completely undertake all the risks related to possible compromise of his/her account data and passwords.

7. Due to the nature of the trading execution software there is an automated trade reconciliation process that may adjust the profit or loss on each trade on the Client’s account. This reconciliation may increase or decrease overall Client account profit or loss.

8. The Client understands a possibility of socio-political and legal risks:

8.1. This risk is understood as a probability of considerable losses that can be borne by the Client due to any of the following reasons, including, but not limited to:

considerable changes of the political situation in a country
considerable changes of the economical situation in a country
the shift in political power and/or governing bodies of a country
changes enacted by the current legislation of a country
the change of rates in central banks of a country
the political, economical or social instability in a country
resolutions adopted by the state governments
currency interventions

9. The Client shall acknowledge the following provisions related to risk that occur as a consequence of force-majeure

9.1. Activities in international financial markets may result in heavy unplanned losses in case of consequences that could not be forecasted or beyond control, including, but not limited to, the following:

interventions executed by the central banks of a country
military conflicts or local military activities in any country
acts of terrorism
industrial disasters
suspension of any financial market operations
abrupt downturn in liquidity, caused by instability in financial markets
bankruptcy of banks and payment systems
natural disasters
resolutions adopted by national leaders or governments

10. Disclaimer of warranties. The Client shall acknowledge the following provisions:

10.1 Financial income and any other trade income from the financial market cannot be guaranteed.

10.2. As a consequence of electronic trading operations on the Client’s account, the Client’s initial deposit can be completely lost due to an unfavorable current situation in the financial market.

10.3. Successful experience of trading positions obtained by other Clients is not a guarantee of a recurrence of this positive result for other Clients.

10.4. Past performance of trading results is not a promise or indicative of future trading results.

11. The Client shall agree to the following provisions:

11.1. The responsibility for decisions regarding the level of risk is completely undertaken by the Client. Balanced decisions shall be made based on the Client's personal financial opportunities and personal objectives set for his / her investment activities.