The Company’s official language is English. For a more detailed description of the Company’s activities, please visit the English version of the site. Information translated into languages ​​other than English is for informational purposes only and has no legal force, and the Company is not responsible for the accuracy of information provided in other languages.

RISK DISCLOSURE FOR FOREIGN CURRENCY AND DERIVATIVE TRANSACTIONS

This brief warning, which is an addition to the General Terms of Business, is not intended to indicate all risks and other important aspects of transactions involving foreign currency and derivatives. You should not enter into transactions with such products if you do not know the nature of the contracts you are entering into, the legal aspects of such relationships under such contracts, or your level of exposure to risk, considering the risks. Foreign currency and derivative transactions are high risk and therefore not suitable for most people. You should carefully evaluate whether such transactions are suitable for you, taking into account your experience, objectives, financial resources and other important factors.

1. FOREIGN CURRENCY AND DERIVATIVE ACTIVITIES

1.1 Leveraged trading,

Leveraged trading means that potential profits are magnified; it also means that losses are magnified. The lower the margin requirement, the higher the potential risk of loss if the market moves against you. Sometimes the required margins can be as little as 0.5%. When trading using margin, remember that your losses can exceed your initial payment and that it is possible to lose much more money than you initially invested. The amount of the initial margin may seem small compared to the value of the foreign exchange contracts or derivatives, because the “leverage” or “gearing” effect is used during the trading process. Relatively insignificant market movements will have a proportionally increasing effect on the amounts invested or deposited by you. This can be for or against you. In supporting your position, any loss may be in the degree of the initial margin and the amount of money invested in the Company. If the market starts to move in the opposite direction of your position and/or the amount of the required margin increases, the Company may require you to deposit additional funds immediately to support the position. Failure to meet the requirement to deposit additional funds may result in the Company closing your position(s) and you will be responsible for any losses or deficiencies related thereto.

1.2 Orders and Strategies that Reduce Risk

If permitted by local law, placing specific orders (e.g., “stop-loss” orders) or “stop-limit” orders that limit the maximum amount of loss may be inefficient if the market situation makes it impossible to execute such orders (e.g., if the market is liquid). Any strategy that uses combinations of positions, e.g., “spread” and “invade”, may not be less risky than those common with “long” and “short” positions.

2. ADDITIONAL RISKS SPECIFIC TO FOREIGN CURRENTS AND DERIVATIVES TRANSACTIONS

2.1 Terms of entering into contracts

You should obtain detailed information from your broker about the terms of entering into contracts and the obligations attached to them (for example, situations where, under the terms, you may accrue an obligation to realize or accept any asset in the context of a delivery of a futures contract or, in the case of an option, information about expiration dates and time limits for exercising options). Under certain conditions, an exchange or clearing house may change the requirements of unsettled contracts (including the strike price) to reflect changes in the market for the underlying asset.

2.2 Suspension or limitation of trading. Price correlation

Certain market conditions (for example, liquidity) and/or the operating rules of certain markets (for example, suspension of trading under contracts for months, due to excess limits on price changes) may increase the risk of losses incurred, as the execution of transactions or squaring/netting positions becomes difficult or impossible. If you sell options, losses can increase. A well-grounded interconnection does not always exist between the prices of the asset and the derivative asset. The absence of a reference price for an asset can make it difficult to estimate “fair value”.

2.3 Deposited funds and property

When conducting an operation in your country or abroad, you should be aware of the protective instruments, especially if a transaction firm goes bankrupt or goes bankrupt, within the limits of the Security you have deposited in the form of cash or other assets. The extent to which you can return your cash or other assets is regulated by the legislation in which the Counterparty operates and the local country standards.

2.4 Commission fees and other charges

Before participating in any trade, you should obtain clear information about all commission fees, payments and other charges payable by you. These charges will affect your net financial result (profit or loss).

2.5 Trading in other jurisdictions

Trading in markets in other jurisdictions, including markets formally linked to your home market, may pose additional risks to you. The regulation of such markets may differ from yours in terms of the degree of investor protection (including a lower degree of protection than you). Your local regulator cannot necessarily enforce the rules set by the regulators or markets in the other jurisdictions in which you trade.

2.6 Exchange rate risk

Profits and losses on transactions in contracts denominated in a foreign currency other than your account currency are affected by fluctuations in the exchange rate when converted from the contract currency to the account currency.

2.7 Liquidity risk

Liquidity risk affects your ability to trade. The risk that your CFD or asset will not be traded at the time you want to trade (avoid a loss or make a profit). In addition, the margin you have to deposit with the CFD provider is recalculated daily based on changes in the value of the underlying assets of the CFDs you hold. If this recalculation (revaluation) results in a decrease in value compared to the previous day, you will need to make a cash payment to the CFD provider immediately to re-adjust the margin and cover the loss. If you cannot make the payment, the CFD provider may close your position, whether or not you agree with this action. You will then need to cover the loss, even if the price of the underlying asset recovers. If you do not have the required margin, there are CFD providers who will liquidate all your CFD positions, even if one of these positions is profitable for you at that stage. In order to keep your position open, you may need to allow the CFD provider to charge you additional payments (usually from your credit card) at their discretion, as required for the relevant margin calls. In a fast-moving, volatile market, you can easily manage a large credit card bill this way.

2.8 “Stop loss” limits

To limit losses, many CFD providers offer you the option to choose “stop loss” limits. This will automatically close your position when a price limit you have chosen is reached. For example, there are some situations where a “stop loss” limit is ineffective in cases of rapid price movements or market closure. Stop loss limits will not always protect you from losses.

2.9 Execution risk

Execution risk is related to the fact that trades cannot be executed immediately. For example, there may be a delay between the moment you place your order and the moment the trade is executed. During this period, the market may have moved against you. This means that your order is not executed at the price you expected. Some CFD providers allow you to trade even when the market is closed. Please note that the prices of these trades may differ significantly from the closing price of the underlying asset. In many cases, the spread may be wider than when the market was open.

2.10 Counterparty risk

Counterparty risk is the risk that the CFD issuer (i.e. your counterparty) will default and fail to meet its financial obligations. If your funds are not properly segregated from the CFD provider’s funds and the CFD provider runs into financial difficulties, there is a risk that you will not be able to recover any of your money.

2.11 Trading systems

Most of the usual “voice” and electronic trading systems use computer devices to route orders, balance transactions, register and clear transactions. As with other electronic devices and systems, they are subject to temporary failure and malfunction. Your chances of recovering certain losses may depend on the liability limits set by the trading systems provider, markets, exchanges and/or dealing firms. These limits are subject to change and you should obtain detailed information from your broker.

2.12 Electronic trading

Trading operations conducted using any Electronic Communication Network may differ not only from trading operations in the normal “open circuit” market, but also from trading operations using other electronic trading systems. If you conduct any transactions on an Electronic Communication Network, you assume the risks inherent in this system, including the risk of hardware or software failure. A system failure may result in: Your order not being executed as instructed; an order not being executed at all; it not being possible to obtain continuous information about your positions or to meet margin requirements.

2.13 Over-the-counter transactions

In some jurisdictions, firms are permitted to conduct over-the-counter transactions. Your agent may act as a counterpart to these transactions. The nature of such transactions depends on the complexity or impossibility of closing positions, estimating values, or determining fair prices or risk exposures. For the reasons set out above, these transactions may be associated with increased risks. Regulation governing over-the-counter transactions may be less stringent or may provide for a specific mode of regulation. Before entering into such transactions, you will need to familiarize yourself with the rules and risks associated with them.