Approval and Risk Disclosure

1. alert about the risks

The company's customers should study the alarm about the risks very carefully. Please keep in mind that we do not disclose and explain all risks related to trading financial instruments. For example, this document does not include the risks associated with financial instruments such as contracts CFD . We are offering the general nature of the risks of trading financial instruments on the fair grounds is misleading.

In particular, contracts Contracts for Difference ('CFDs') It is a complex financial products, not suitable for all investors. Contracts CFD Products are using leverage to do when you choose to close an open position.When Alastmthar in decades CFD You assume a high degree of risk, which may lead to the loss of capital Almstther your whole.

If the client does not know all the risks associated with trading in all financial instruments and perceived completely, it should not engage in any commercial activity. Company will not provide ForexTime (FXTM)Any investment advice with respect to investments, or investment transactions, or trading tools, and will not provide any investment recommendations. Customers should consider trading tool in terms of being fit them according to the financial situation and goals before you open an account with ForexTime (FXTM) . If the customer does not realize the risks related to trading financial instruments, it should consult an independent financial adviser. If the customer still does not realize this risk after consultation with an independent financial adviser, should not refrain from all trading. Buying and selling financial instruments involves a significant risk of exposure to losses on each client must be aware that the amount of investment may increase or at least, and the customer bears all losses that may exceed the initial amount of investment as soon as the trading decision.

2. acknowledgment

Technical risks

1. The client is responsible for the risks resulting from the weakness of the electronic information and communication systems and other financial losses. This may result in a failure in the system not to carry out orders, the company does not take responsibility for this failure.
2. It bears a client who trades through the trading responsibility for financial losses resulting from the application of:
• ( a ) Failure or crash or misuse of customer's hardware or software, or company;
• ( b ) Weakness connect to the Internet client's hand or the company or kidneys, or interruption of the transmission or the public electricity network, or hacker attacks, or overload on the communication;
• ( c ) The wrong settings for the application of trading;
• ( d ) Late trading updates to the application;
• ( e ) Ignore the client to apply the rules outlined in the user guide for the application of trading and on the website of the company.
3. The client accepts some difficulties to contact the company by phone at excessive flow of transactions times, especially in times of rapid market (for example, when issuing the major economic indicators).

Abnormal market conditions

4. The client accepts that in abnormal market conditions may extend the period of implementation of instructions and requests.

Trading Forum

5. The client accepts that the order or only one request is permitted and put it in the waiting list at one time. Once the client send an order or request, it is ignored any requests or other orders of the client and the next message appears " Order is locked "Until the execution of the request or the first thing.
6. Customer acknowledges that the only reliable source for the flow of prices is the real server / Special Price direct rule. Base prices in the trading application is not a reliable source for the flow of prices, because it may occur in crashes communication between trading and server application at a certain point, in which case some prices will not reach the trading application.
7. Customer acknowledges that when you close the window to give an order or to modify or delete it, or close the window to open or close the position, or the demand which was sent to the server, not canceled.
8. If the client did not receive as a result of execution of the order, who sent it in advance, and decided to give this to repeat it, accept it risky to do two things instead of one order, but it may have a message. " Order is locked "As described in paragraph 2.5.
9. Customer acknowledges that after the implementation of the pending order if the customer sends an order modifying the command level and the levels of command If-Done At the same time, it will be implemented only stop-loss orders adjusted levels ( Stop Loss ) Or take profits ( Take Profit ) On open positions When you run a pending order.

Communications

10. On the client accept the risk resulting from the delay or the client does not receive notifications that the company is sending financial losses.
11. Customer acknowledges that the information is encrypted that is sent via e-mail is not protected from access to a third party.
12. The customer bears full responsibility for the risk of non-receipt of the application of internal messages sent from the trading company to the client, where messages are deleted automatically within 3 (three) days.
13. Customer fully responsible for the confidentiality of information sent from the company, and accept the risks resulting from third-party access to your client's trading account.
14. The company does not assume responsibility for the arrival of a third party registered or non-registered to information, including the addresses of e-mail, electronic communications, and personal data Onthae sent from the company to any other party using the Internet, or any other network connection, or phone, or any electronic means other.

Force majeure circumstances

15. In the event of force majeure the customer accepts the risk of financial losses.

3. alarm about the risks of foreign currency and derivative products

1. This communication is not all significant risks and aspects of foreign exchange and derivative products such as futures reveals, options, contracts Contracts for Differences . You should not be dealing with these products unless you are aware of the nature and the extent of your exposure to loss. It must also be convinced that these products are suitable for you in light of the financial situation and the circumstances of your own. Some strategies, such as Places " spread "Or" straddle"May take the risk of long and short Kalmoada (buying and selling) positions Statistics.

Although you can use FX and derivatives for the management of investment risk, some of these products do not fit a lot of investors. You should not make any direct or indirect transactions of derivative products unless you are aware of all the risks involved in such products, and is aware of the possibility of losing all your money. Various tools matched by different levels of risk, and before making a trading decision with such tools, you should be aware of the following points:

Leverage effect

2. When trading by applying leverage, it may be a small movement of the market a significant impact on the customer's trading account. Keep in mind that all trading accounts under the leverage effect. On the client to be aware that if the market moves the opposite direction of the open position, the client may lose more than the funds deposited. The client is responsible for risking the financial resources used and the trading strategy that is chosen.

We strongly recommend Bhvaz client on the margin level (relative to the balance of the required margin, which is calculated from the equation: balance / margin required * 100%) to at least 1000%.It also recommends the development of a stop loss ( Stop Loss ) To reduce potential losses, and set the level of profit taking ( Take Profit ) For a profit when the client can not open management positions.

The client is responsible for all resulting losses from open positions by using the temporary increase of the margin available on the trade account, which is obtained as a result of the lucrative positions (the company has abolished later) open the wrong prices ( Spike ) Or the prices received as a result of clear error.

Trading tools with large volatility

3. Some trading tools with large fluctuations in the price movements occur. Therefore, the customer must be aware that there is a great probability of loss or profit. Rate of trading derivative instruments are derived from underlying assets (such as currency, securities, metals, indicators, etc.). Derivative financial instruments and related markets may be extremely volatile. Basic tools and asset prices may fluctuate quickly and the wide ranges, and may cause unexpected changes in conditions or events, can not be controlled or the client company. In the particular circumstances of the market, it may not be impossible to implement the client is the advertised price, leading to losses. Basic tools and asset prices will be affected by other things, such as changes in supply and demand, or government programs, agricultural, commercial, international and political events, economic, and psychological characteristics of some outstanding market. Therefore, it can not stop loss order to ensure the extent of loss.

Customer acknowledges that he knows and agrees that regardless of any information that may be provided by the company, it is possible that the tools the prices fluctuate up or down, it is likely that investments become worthless. This is due to the margins applicable to the trading system, which is generally a deposit or involves a relatively small margin compared to the value of the total contract, so that the small movement in the market a significant impact disproportionately with the client trade.In the case of the market movement in Atjtah the client, the client can get the big profits, but at the same speed to lose the deposit amount, but significant additional exposure to loss.

Liquidity

4. Arise liquidity to some basic risk asset due to lower demand for it, and not the customer's ability to obtain information about the value of these assets or their associated risk level.

Futures

5. Transactions involving futures contracts on the commitment to give or take or entertainment asset of the contract at a later date, and in some cases to settle in cash positions. They carry a high risk.Trading leverage futures contract means that the deposit of a small amount or a small down payment, and get big profits or exposure to large loss. This also means that small market movement can lead to a larger movement for the value you are investing, which may result in a large Ookhosair profits.When trading futures contracts must be well aware of the implications of this, especially the marginal requirements described below.

Options Contracts

6. There are many different types of options with different characteristics, and under the following conditions.

Purchase options:

It involves buying options on less risk than selling, because in the case of the price of the underlying asset moves in the opposite direction, you can simply cancel the option. The maximum loss that can go wrong is limited to the cost of the option contract, in addition to the fees or commissions for conversion. However, if you purchase a future option contracts, and later you activate this option, you will get it in the future. This will expose you to the risk contained in the futures department and liabilities associated with the investments.

Writing options:

Writing options carry a much greater risk than buying. It is possible to take responsibility for the margin to maintain the position has been exposed to a loss in excess of the premium received. Left one of the options, you agree to be legally bound to purchase or sell the underlying assets in the case of contract against you activate the option after the market price exceeded the exercise price. If you own the underlying asset that you have contracted to sell (when the options are defined as contracts covered options), there is less risk. If you do not own the underlying assets (non-covered options), may be risk is limited. Should be based have options contracts not covered by the owners of the vast  experience only, and only after obtaining all the details of the applicable conditions and potential risks.

Contracts Contracts for Differences

7. Contracts CFD Available for trading in the company's transactions are instant undeliverable, allows access to earnings from changes in currency rates, commodity, and indicators of the stock market, stock prices, which are called the basic tools. In the case of moving the basic tool in the direction of the client, the client can get a good profit, but in case the market moves in the opposite direction, may be exposed to the loss of the value of the deposit, and other fees and additional costs. In doing so, the client should not be engaged in trading contracts CFD If it is not ready loss of all the money that is investing, in addition to the fees and additional costs.

Investment in decades CFD It carries the same risks contained in the part of investment in futures or options contracts, and you should recognize them well. Also when trading contracts CFD You should be well aware of the implications of this, as shown down.

OTC trades

8. Trading contracts CFD And Forex currencies, and precious metals transactions outside the stock exchange. While some markets OTC markets are considered highly liquid, may involve trades OTC derivatives and non-transferable on the largest of the risks of investing in the contracts the risks of the stock market since it does not have any stock exchange can close an open in the center. It may also be impossible to filter any position is to assess the position arising from any transaction made ​​outside the stock market value or to assess the exposure to risk. For the price of supply and demand, they do not need to be that we have selected, even if identified, it will be determined by the dealer, it is difficult to verify from being fair prices.

With respect to business operations contracts CFD And Forex currencies, and precious metals in the company, using the company's trading applications for transactions contracts CFD That it does not apply the concept of exchange, because it is not a multilateral trading facility ( Multilateral Trading Facility ), Does not enjoy the same protection.

Foreign markets

9. Foreign markets carry different risks. In some cases the risks will be greater. Upon request, the company should provide an explanation of the risks and protection (if any) which operates in all overseas markets, including the extent to assume responsibility for any failure may occur from a foreign company while dealing with them. The potential profit and loss from transactions on foreign markets or in foreign currency contracts will be affected by fluctuations in foreign exchange rates.

Conditional debt investment transactions

10. Conditional debt investment transactions involving the use of leverage require you to perform a series of payments to buy, instead of paying the full purchase price immediately. Margin requirements based on the underlying assets of the trading tool. Margin requirements can be fixed, or calculated from the current price of basic trading tool, and can be found on the website of the company.

If you are trading futures contracts, or contracts CFD , Or sell options contracts, may be exposed to the loss of the money deposited to open a position and keep it. If the market moves against the direction you have chosen, you may have to pay substantial additional funds on short notice to maintain the open position. If you can not do it on time, the position may be liquidated, and will be responsible for the resulting deficit. It should be noted that the company should not notified by the client in cases of " Margin Call ".

Even if you did not use leverage in the trading process, it may be necessary in certain circumstances to pay more than the amount you entered at the conclusion of the contract.

Conditional debt that are not traded under the exchange organization and investment rules investment transactions may expose you to significant risk.

Dependency guarantees

11. If you deposit collateral in the Insurance Company, will be working in a different way depends on the type of transaction and place of trading. There may be significant differences in the treatment of your accessory guarantee, depending on whether you are trading in a regulated exchange or designated investment exchange, with the application of the rules of the exchange (and the exchange of information about them) or trading outside the stock exchange. Guarantees may lose its identity as king dependency deposited Once you make your special treatment on your behalf. Even if the transactions were profitable in the end, you might not restore the same assets that you have deposited again, we may have to accept payment in cash. You should make sure your company of how to deal with the collateral of your own.

Fees and taxes

12. You must identify all the fees and costs that will be responsible before trading began. If some of the fees is shown in the form of cash (but are shown in the image ratio, for example), you make sure you understand the monetary value of these fees should be.
13. There is the possibility of submission processes Altjayh client made ​​any financial instruments, including derivatives, to tax and / or any other fees, for example, because of changes in legislation or personal circumstances.

Suspension of trading

14. In some commercial cases it may be difficult or impossible position liquidation. This might happen, for example, in some cases, the rapid movement of prices, if the price rose and fell again during one trading session to the extent that it must suspend or restrict trading in accordance with the rules of currency trading. Placing an order "stop-loss" does not necessarily prevent the loss of financial amounts, since market conditions may make it impossible to execute this command at the price set forth. In addition, the market in some cases, may be implementation of the "stop-loss" at a price worse than the prescribed order, and result in losses greater than expected.

Protection clearing centers

15. In many stock markets, the stock market or ensure the implementation of the clearing center transactions by your company (or the third party who deals on your behalf). However, this guarantee is valid in most cases to cover the clients, and perhaps will not protect you if your company has not been able, or any other party to fulfill their obligations toward you. Upon request a company must clarify the protection provided to you under the clearing guarantee. There is no protection of traditional options clearing centers, and usually for OTC instruments that are not traded, according to exchange rules of organization and investment.

Insolvency

16. Insolvency or bankruptcy of the company may lead to the closure or liquidation of positions without your consent. In some cases you may not be able to restore the actual assets that you have provided as collateral, you may have to accept any payments are in cash or in any other suitable way.
17. Isolated funds will be subject to the protection granted by the applicable regulations.
18. Non-isolated money will not be subject to the protection Tnmhaa pick out systems. Non-isolated money can not be separate from the company's funds will be used in the company's business, in the case of insolvency of the company will be a creditor years.

4. Third-party risks

This notification is submitted to you in accordance with the laws in force.

1. A company may convert the funds received from the client to a third party (such as banks, or the market, or brokers, or counterparties OTC , Or clearing centers) for safekeeping or departments in order to do transactions with that person, or to meet the client's obligations to provide the safeguards associated with the transaction.
2. Entitled to a third party, which the Company has transferred the funds to keep money in the mosque account, it may not be possible to separate the client's own funds or third party funds. In the case of insolvency of the third party or the occurrence of any similar actions of third parties, the Company may make a request is not guaranteed Ddd third party on behalf of the client, and the client will for the loss of his money is exposed, where that funds received by the company from the third party may not be sufficient to meet client demands. The company is not responsible for any losses resulting from it.
3. A company may customer funds deposited with the depositary has a security interest, or lien, or right of set-off in respect of those funds.
4. The bank or broker who handled the company may have interests in conflict with the interests of the client.