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Risk Disclaimer
Before engaging in foreign exchange or precious metals trading, you
must be aware of the risks which may be involved in such trading. You
should not enter into a transaction unless you fully understand.
EFFECT OF LEVERAGE:
A relatively small market movement will have a proportionately larger
impact on the funds you have deposited or will have to deposit; this
may work against you as well as for you. You may sustain a total loss
of initial margin funds and any additional funds deposited with the
firm to maintain your position. If the market moves against your
position or margin levels are increased, you may be called upon to
maintain your position. If you fail to comply with a request for
additional funds within the time prescribed, or to maintain
sufficient usable margin in your account, your position may be
liquidated at a loss without notice.
RESTRICTION OF TRADING AND PRICING RELATIONSHIP:
Market conditions liquidity or the operation of the rules of certain
markets (suspension of trading in any currency because of price
limits, government intervention) may increase the risk of loss by
making it difficult or impossible to effect transaction or liquidate
positions.
COMMISSION AND OTHER SERVICES CHARGES:
Before you begin to trade, you should obtain a clear explanation of
all commission, fees, markups, rollovers, interest rate differential
and other charges for which you will be liable. These charges will
affect your net profit or increase your loss.
TRANSACTION IN OTHER JURISDICTIONS:
Transaction on currencies of other countries in other jurisdictions,
including markets formally linked to a domestic market, may expose
you to additional risk. Such markets may be subject to regulation
which may offer different or diminished investor protection. Before
you trade you should inquire about any rules relevant to your
particular transaction. Your local regulatory authority will be
unable to compel the enforcement of the rules of regulatory
authorities or market in other jurisdictions where your transaction
has been effected. You should ask the firm with which you deal for
details about the types of orders available your home jurisdiction
and other relevant jurisdictions before you start to trade.
ONLINE TRADING FACILITIES:
Many electronic trading facilities are supported by computer base
component systems for the order-routing, execution or matching of
trades. As with all facilities and systems, they are vulnerable to
temporary disruption or failure. Your ability to recover certain
losses may be subject to limits on liability imposed by the system
provider, the market, the bank or financial institution. Foreign
Exchange trading with GFXM is not conducted on any futures or stock
exchange and is not subject to the rules of any future or stock
exchange.
ELECTRONIC ONLINE TRADING:
Trading on an electronic trading system may differ not only from
trading in the interbank market but also from trading on other
electronic trading system. If you undertake transaction on an
electronic trading system, you will be exposed to risk associated
with the system including the failure of hardware and software. The
result of any system failure may be that your order is either not
executed according to your instruction or is not executed at all.
DISCLAIMER: (following factors can affect)
1) Internet and System Failure: As GFXM does not control signal
power, its reception or routing via internet, configuration of your
equipment or reliability of its connection, we cannot be responsible
for communication failure, distortions, delay, when you trade online
via internet. Furthermore ,any losses or forgone profits in Trader’s
account are the responsibility of the trader and not GFXM , even if
software, hardware, or other system failure or errors contributed to
such losses or foregone profit.
2) Market risks and online trading: Trading currencies involve
substantial risk that is not suitable for everyone. Trading online,
no matter how convenient or efficient, does not necessarily reduce
risks associated with currency trading.
3) Password protection: The Trader is obligated to keep passwords
secret and ensure that third parties do not obtain access to the
trading facilities. The Trader will be liable to GFXM for trades
executed by means of the Trader’s password even if such use may be
wrongful.
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