risk disclosure statement
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THIS BRIEF STATEMENT DOES NOT DISCLOSE ALL OF THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE FOREIGN CURRENCY MARKET. YOU SHOULD ENGAGE IN SUCH TRANSACTIONS ONLY IF YOU UNDERSTAND THE NATURE OF THE FINANCIAL INSTRUMENTS AND CONTRACTUAL RELATIONSHIPS INTO WHICH YOU WILL ENTER INTO AND THE EXTENT OF YOUR FINANCIAL EXPOSURE AND RISK. TRADING IN LEVERAGED CONTRACTS, SUCH AS FOREIGN CURRENCY CONTRACTS, ARE NOT SUITABLE FOR ALL MEMBERS OF THE PUBLIC. YOU SHOULD, THEREFORE, CAREFULLY STUDY THIS DISCLOSURE DOCUMENT IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCES BEFORE YOU SIGN.
Forex Signs announces that all staff of the company (including all branch staff) may not trade on behalf of clients, in case such happens, Forex Signs is not responsible for the losses occurred. If the operating subsidiaries or branch office conducts such operation emerging from our authorization, the company assumes no responsibility.
1. EFFECTS OF LEVERAGE OR “GEARING.” The high degree of leverage that is often obtainable in the currency market, because of the small margin requirements, can work against you, as well as for you. The use of leverage can lead to large losses, as well as large gains. This brief statement cannot disclose all the risks and other significant aspects of the FOREX markets.
2. STRATEGIES USED TO LIMIT LOSSES FREQUENTLY ARE NOT EFFECTIVE. The placing of certain orders (e.g., "stop-loss" order, where permitted under local law, or "stop-limit" orders) which are intended to limit loss, to a certain degree, may not be effective due to market conditions and may make it impossible to execute such orders. Strategies integrating combinations of positions, such as spread and straddle positions, may be as risky as taking simple, long, or short positions.
3. TERMS AND CONDITIONS OF CONTRACTS. You should consult with your personal advisors (i.e. attorneys, accountants, financial advisors, etc.) in regards to the terms and conditions of the specific currencies that you are trading and associated obligations.
4. SUSPENSION OR RESTRICTION OF TRADING AND PRICING RELATIONSHIPS. Market conditions (e.g., illiquidity) and/or the operation of the rules of certain markets (e.g., suspension of trading in any currency because of price limits, government intervention or “circuit breakers”) may increase the risk of loss by making it difficult or impossible to affect transactions or to liquidate or offset positions held by you.
5. DEPOSITED CASH AND PROPERTY. You should become familiar with the protections accorded money or other property deposited for domestic and foreign transactions, particularly in the event of insolvency or bankruptcy of depository institution, clearinghouse, and/or counterparties. The extent to which you may recover money or property held by depository institution, clearinghouse, and/or counterparties may be governed by specific legislation or local rules. In some jurisdictions, property which has been specifically identifiable as