Risk Warning

 

Foreign Exchange or any other Over-the-Counter (“OTC”) derivative product (Traded Contracts) trading is highly speculative, and is only appropriate for Customers who comprehend and are willing to accept the economic, legal, and other risks involved, as well as those who are monetarily able to accept losses equal to or greater than Margin or Deposits. The customer declares that he or she is aware of these risks, is willing and able to bear the financial and other risks associated with Traded Contracts Trading, and that the loss of the Customer’s whole Trading Account Balance will not have a detrimental impact on the Customer’s lifestyle. Opening a Trading Account in order to speculate or incur risk of any kind on Traded Contracts and other goods through “TradeFX360’s” Over-the-Counter (“OTC”) market on a “Spot” basis entails accepting the following risks:

 

Leverage

Due to low price variations in traded products, high leverage and minimal margin might result in large losses. High leverage allows Customers to take on more risk, magnifying both losses and profits, and resulting in losses equal to or greater than the deposit and margin. The client must consider that if the market trend is against him, he or she may lose all of the initial margin money as well as any extra funds deposited to keep open positions open. The Customer is solely responsible for all of his or her risks, financial resources, and trading strategy.

 

Quotes & Margin

TradeFX360 sets the quotes and margins, which may differ from those of other firms. Margins shall be determined and collected at the discretion of TradeFX360. TradeFX360 is permitted to convert money in the Customer’s Margin Trading Account into and out of such foreign currency at a rate of exchange established by TradeFX360 in its absolute discretion based on then-current money market rates. On Customer’s Open Positions, the Customer must always fulfil the minimum Margin Level requirement. The Customer is responsible for keeping track of the Customer’s Required Margin. When the minimum Margin requirement is not met, TradeFX360 reserves the right to liquidate any or all Open Positions.

 

Risk Reduction

Stop Loss or Stop Limit Orders, which are designed to limit losses, can help to mitigate losses caused by price volatility, but they may not be capable of executing under certain unusual market conditions.

 

Product Risks

A currency rate used to convert to the Accounts base currency may affect the profit and loss in any given Transaction. The following currencies will be used to open accounts: A Plus Prime Limited accepts USD as indicated by the customer.

 

Technical

Any technical faults that occur on the Customer’s end are his or her responsibility. These difficulties include, but are not limited to:

  • Customer hardware, software, or internet connection failure;
  • Customer equipment operation that isn’t up to par; and
  • Incorrect settings on the Customer’s Terminal,
  • Updates to the Customer’s Terminal taking longer than expected,
  • Customer’s computer’s failure.

The customer noted that getting in touch with the duty operator over the phone at peak load times, particularly on the rapid market, could be challenging (for example, when key economic indicators are released).

 

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Risk Advisory 

Trading foreign exchange on margin involves significant risk and may not be appropriate for every investor. Before engaging in forex trading, it’s crucial to assess your investment goals, experience, and risk tolerance. There is a risk of losing some or all of your investment, so only trade with funds you can afford to lose. Ensure you fully understand the risks involved and consult an independent financial advisor if you have any concerns.