www.everfx.com RISK DISCLOSURE STATEMENT

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www.everfx.com
Authorised and regulated by the CySEC • License № 301/16
RISK DISCLOSURE STATEMENT
In consideration of ICC Intercertus Capital Ltd (hereafter the “Company”) agreeing to enter
into over-the-counter (“OTC”) contracts for differences (“CFDs”) and foreign exchange
contracts (“FX Contracts”) with the undersigned (hereinafter referred to as the “Customer”,
“you”, “your”), Customer acknowledges, understands and agrees that:
1. Trading is very speculative and risky
Trading CFDs and FX Contracts is highly speculative, involves a significant risk of loss
and is not suitable for all investors but only for those customers who:
(a) understand and are willing to assume the economic, legal and other risks involved;
(b) are experienced and knowledgeable about trading in derivatives and in underlying
asset types; and
(c) are financially able to assume losses significantly in excess of margin or deposits
because investors may lose the total value of the contract not just the margin or the
deposit.
Neither CFDs nor FX Contracts are appropriate investments for retirement funds. CFD
and FX transactions are among the riskiest types of investments and can result in large
losses. Customer represents, warrants and agrees that Customer understands these
risks, is willing and able, financially and otherwise, to assume the risks of trading CFDs
and FX Contracts and that the loss of Customer’s entire account balance will not change
Customer’s lifestyle.
2. Risks related to long CFD positions, i.e. for purchasers of CFDs
Being long in CFD means you are buying the CFDs on the market by speculating that the
market price of the underlying will rise between the time of the purchase and sale. As
owner of a long position, you will generally make a profit if the market price of the
underlying rises whilst your CFD long position is open. On the contrary, you will generally
suffer a loss, if the market price of the underlying falls whilst your CFD long position is
open. Your potential loss may therefore be bigger than the initial margin deposited. In
addition, you might suffer a loss due to the closure of your position, in case you do not
ICC Intercertus Capital Ltd (Reg. No HE 346662)
2 Filiou Zannetou, Katholiki Area, 3021, Limassol, Cyprus
tel: +357 25222420 | fax: +357 25222426 | email: [email protected]
www.everfx.com
Authorised and regulated by the CySEC • License № 301/16
have enough liquidity for the margin on your account in order to maintain your position
open.
3. Risks related to short CFD positions, i.e. for sellers of CFDs
Being short in CFD means you are selling the CFDs on the market by speculating that the
market price of the underlying will fall between the time of the purchase and sale. As owner
of a short position, you will generally make a profit if the market price of the underlying falls
whilst your CFD short position is open. On the contrary, you will generally suffer a loss, if
the market price of the underlying rises whilst your CFD short position is open. Your
potential loss may therefore be bigger than the initial margin deposited. In addition, you
might suffer a loss due to the closure of your position, in case you do not have enough
liquidity for the margin on your account in order to maintain your position open.
4. High leverage and low margin can lead to quick losses
The high degree of “gearing” or “leverage” is a particular feature of both CFDs and FX
Contracts. The effect of leverage makes investing in CFDs riskier than investing directly
in the underlying asset. This stems from the margining system applicable to CFDs which
generally involves a small deposit relative to the size of the transaction, so that a relatively
small price movement in the underlying asset can have a disproportionately dramatic effect
on your trade. This can be both advantageous and disadvantageous. A small price
movement in your favour can provide a high return on the deposit, however, a small price
movement against you may result in significant losses. Your losses will never exceed the
balance of your account, which is balanced to zero, if the losses are higher than the
amount deposited. Such losses can occur quickly. The greater the leverage, the greater
the risk. The size of leverage therefore partly determines the result of your investment.
5. Margin Requirements
Customer must maintain the minimum margin requirement on their open positions at all
times. It is Customer's responsibility to monitor his/her account balance. Customer may
receive a margin call to deposit additional cash if the margin in the account concerned is
too low. The Company has the right to liquidate any or all open positions whenever the
minimum margin requirement is not maintained and this may result in Customer’s CFDs
or FX Contracts being closed at a loss for which you will be liable.
ICC Intercertus Capital Ltd (Reg. No HE 346662)
2 Filiou Zannetou, Katholiki Area, 3021, Limassol, Cyprus
tel: +357 25222420 | fax: +357 25222426 | email: [email protected]
www.everfx.com
Authorised and regulated by the CySEC • License № 301/16
6. Cash Settlement
Customer understands that CFD and FX Contracts can only be settled in cash and the
difference between the buying and selling price partly determines the result of the
investment.
7. Prices, Margin and Valuations are set by the Company and may be different from
prices reported elsewhere
The Company will provide prices to be used in trading, valuation of Customer positions
and determination of Margin requirements. The performance of your CFD or FX Contract
will depend on the prices set by the Company and market fluctuations in the underlying
asset to which your contract relates. Each underlying asset therefore carries specific risks
that affect the result of the CFD concerned.
8. Rights to Underlying Assets
You have no rights or obligations in respect of the underlying instruments or assets relating
to your CFDs or FX Contracts. The Customer understands that CFDs can have different
underlying assets, such as stocks, indices, currencies and commodities.
9. Currency Risk
Investing in FX Contracts and CFDs with an underlying asset listed in a currency other
than your base currency entails a currency risk, due to the fact that when the CFD or FX
Contract is settled in a currency other than your base currency, the value of your return
may be affected by its conversion into the base currency.
10. One click trading and immediate execution
The Company’s online trading system provides immediate transmission of Customer’s
order once Customer enters the notional amount and clicks “Buy/Sell.” This means that
there is no opportunity to review the order after clicking “Buy/Sell” and Market Orders
cannot be cancelled or modified. This feature may be different from other trading systems
you have used. Customer should utilize the Demo Trading System to become familiar with
the Online Trading System before actually trading online with the Company. Customer
acknowledges and agrees that by using the Company’s online trading system, Customer
ICC Intercertus Capital Ltd (Reg. No HE 346662)
2 Filiou Zannetou, Katholiki Area, 3021, Limassol, Cyprus
tel: +357 25222420 | fax: +357 25222426 | email: [email protected]
www.everfx.com
Authorised and regulated by the CySEC • License № 301/16
agrees
to
the
one-click
system
transmission/execution feature.
and
accepts
the
risk
of
this
immediate
11. The Company is not an adviser or a fiduciary to customer
Where the Company provides generic market recommendations, such generic
recommendations do not constitute a personal recommendation or investment advice and
have not considered any of your personal circumstances or your investment objectives,
nor is it an offer to buy or sell, or the solicitation of an offer to buy or sell, any Foreign
Exchange Contracts or Cross Currency Contracts. Each decision by Customer to enter
into a CFD or FX Contract with the Company and each decision as to whether a transaction
is appropriate or proper for Customer, is an independent decision made by the Customer.
The Company is not acting as an advisor or serving as a fiduciary to Customer. Customer
agrees that the Company has no fiduciary duty to Customer and no liability in connection
with and is not responsible for any liabilities, claims, damages, costs and expenses,
including attorneys’ fees, incurred in connection with Customer following the Company’s
generic trading recommendations or taking or not taking any action based upon any
generic recommendation or information provided by the Company.
12. Recommendations are not guaranteed
The generic market recommendations provided by the Company are based solely on the
judgment of the Company’s personnel and should be considered as such. Customer
acknowledges that Customer enters into any Transactions relying on Customer’s own
judgment. Any market recommendations provided are generic only and may or may not
be consistent with the market positions or intentions of the Company and/or its affiliates.
The generic market recommendations of the Company are based upon information
believed to be reliable, but the Company cannot and does not guarantee the accuracy or
completeness thereof or represent that following such generic recommendations will
reduce or eliminate the risk inherent in trading CFDs and/or FX Contracts.
13. No guarantees of profit
There are no guarantees of profit nor of avoiding losses when trading CFDs and FX
Contracts. Customer has received no such guarantees from the Company or from any of
its representatives. Customer is aware of the risks inherent in trading CFDs and FX
Contracts and is financially able to bear such risks and withstand any losses incurred.
ICC Intercertus Capital Ltd (Reg. No HE 346662)
2 Filiou Zannetou, Katholiki Area, 3021, Limassol, Cyprus
tel: +357 25222420 | fax: +357 25222426 | email: [email protected]
www.everfx.com
Authorised and regulated by the CySEC • License № 301/16
14. Internet Trading
When Customer trades online (via the internet), the Company shall not be liable for any
claims, losses, damages, costs or expenses, caused, directly or indirectly, by any
malfunction, disruption or failure of any transmission, communication system, computer
facility or trading software, whether belonging to the Company, Customer, any exchange
or any settlement or clearing system.
15. Quoting Errors
Should a quoting error occur (including responses to Customer requests), the Company
is not liable for any resulting errors in account balances and reserves the right to make
necessary corrections or adjustments to the relevant Account. Any dispute arising from
such quoting errors will be resolved on the basis of the fair market value, as determined
by the Company in its sole discretion and acting in good faith, of the relevant market at the
time such an error occurred. In cases where the prevailing market represents prices
different from the prices the Company has posted on our screen, the Company will
attempt, on a best efforts basis, to execute Transactions on or close to the prevailing
market prices. These prevailing market prices will be the prices, which are ultimately
reflected on the Customer statements. This may or may not adversely affect the
Customer’s realized and unrealized gains and losses.
16. Compensation
The Company participates in the Investor Compensation Fund for clients of Investment
Firms regulated in the Republic of Cyprus. Customers will be entitled to compensation
under the Investor Compensation Fund where we are unable to meet our duties and
obligations arising from your claim. Any compensation provided to you by the Investor
Compensation Fund shall not exceed twenty thousand euro (EUR 20.000). This applies to
your aggregate claims against us.
ICC Intercertus Capital Ltd (Reg. No HE 346662)
2 Filiou Zannetou, Katholiki Area, 3021, Limassol, Cyprus
tel: +357 25222420 | fax: +357 25222426 | email: [email protected]

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