| The risk of loss in trading foreign currencies can be substantial and significant. First, consider your financial condition and ability to assume risks prior to considering whether investing in foreign currencies is suitable for you. Secondly, please consider the following lists of risks and decide carefully: |
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Trading is Speculative |
| Foreign currency trading is speculative and involves a high degree of risk. Such trading is suitable only for persons who can assume the risk of loss of their entire initial deposit and any other additional deposit they may make. |
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Effect of Leverage |
| The amount of initial margin for a foreign currency position is small relative to the value of the foreign currency contract. This means that transactions are highly leveraged. As a result, a relatively small movement in the market price will have a significantly larger impact on your deposited funds. While this may produce significant profits if the market moves in favor of your investment, this factor can also produce significant losses if the market moves against your position. Consequently, you may sustain a total loss of your initial margin funds and any other additional funds that you may deposit to maintain a particular position. |
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Stop Loss Orders and Other Loss Limiting Orders |
| A 'stop loss' order is intended to limit the loss to certain amounts through closing a position when the price reaches a designated level. However, a stop loss order may not be effective during a time when market conditions exist that make it difficult or impossible to execute the order at that price. In addition, extreme market volatility or international conditions may make it difficult or impossible to liquidate a position even without a stop loss. Such market or international conditions are not readily predictable. Consequently, trading within such conditions may result in a loss of all, or a substantial part, of your invested funds. |
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No Guarantee of Profits |
| Market recommendations and trading executed by FINWORLD INC on your behalf are based solely on the judgement of the FINWORLD INC personnel at the time of the particular transaction. Such recommendations and transactions are based on information believed to be reliable. However, FINWORLD INC cannot, and does not, guarantee the accuracy or completeness of any such information. Nor does FINWORLD INC contend that acting upon such information will be profitable, will limit, or will eliminate the inherent risk in trading in spot foreign currencies. FINWORLD INC, or its personnel, cannot guarantee profits, and you must acknowledge that you have received no such guarantees. You also acknowledge that different FINWORLD INC personnel effect transactions on different accounts at different times of the day. Consequently, other accounts at FINWORLD INC may have similar orders to yours executed on their behalf, but the above reason it may be done at a more advantageous price or even at an opposing position. |
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No Regulated Market |
| Spot foreign currencies are not traded on any regulated exchange or commodity market. Nor is spot foreign currency trading regulated by the U.S. Securities and Exchange Commission, the U.S. Commodity Futures Trading Commission, or any other state regulatory authority. FINWORLD INC places transactions with counterparties believed to be reputable and credit-worthy. However, you may sustain a loss of all invested, part invested, or of unrealized profits should the counterparty fail or refuse to honor its obligations. |
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Factors Affecting Currency Values |
| Many factors may influence currency values and trading in foreign currency markets. Included are economic and political events, government intervention and lack of government intervention, action speculators, exchange credit controls, and the fixing of currency exchange rates by governmental authorities. |
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Trading or Communication Facilities Failure |
| Trading in spot foreign currencies is effected through electronic trading facilities and communication systems that may be subject to interruption due to factors beyond the control of FINWORLD INC. Such interruptions can include power failures, system hardware or software failures, and other trading or communication interruptions that may limit transactions. In addition, FINWORLD INC relies upon its communication facilities in order to receive market, quotation and pricing information on which trading decisions are based. Losses could occur as a result of an error in transmission of quoted prices or other pertinent information. FINWORLD INC is not responsible for any such errors in information received through its communication facilities, or for any actions that may be taken based upon such erroneous information. |
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Review of Account |
| You must carefully review the status and statements of your account. All transactions and reports contained therein, whether such transactions are effected by FINWORLD INC pursuant to a power of attorney or upon the customer's order, shall be deemed final within five (5) business day unless the client makes written objection to such information within such five (5) business day period. |
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| THIS RISK DISCLOSURE STATEMENT DOES NOT, AND CANNOT, COVER ALL OF THE RISKS IN THE TRADING OF SPOT FOREIGN CURRENCIES. THE CUSTOMER SHOULD UNDERTAKE PERSONAL RESPONSIBILITY BY ASKING QUESTIONS OF FINWORLD INC's PERSONNEL AND LEARNING AS MUCH AS POSSIBLE BEFORE ENGAGING IN SPOT FOREIGN CURRENCY TRANSACTIONS. BY SIGNING BELOW, THE CUSTOMER ACKNOWLEDGES HAVING RECEIVED AND READ THIS RISK DISCLOSURE STATEMENT. |
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INDIVIDUALS SIGN BELOW |
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Date: _______________
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______________________________________ |
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Signature
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______________________________________ |
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Print Name
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Date: _______________
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______________________________________ |
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Joint Party Signature
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______________________________________ |
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Print Joint Party Name
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PARTNERSHIP OR CORPORATION SIGN BELOW
(Corporate Resolution or Partnership Agreement also required)
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Date: _______________
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______________________________________ |
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Name of Corporation or Partnership
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______________________________________ |
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Signature of Authorized Signatory
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Print Name and Title of Authorized Signatory
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+1 416 860 6213
