Currency Hedger Risk Disclaimer

Trading foreign exchange on margin (leveraged trading) carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange or other OTC instruments on margin, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should never trade with money that you cannot afford to lose.

You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and educational material, and does not constitute personal investment advice. Currency Hedger and Roche Finance GQ Ltd. shall not be held liable for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders in making independent investment decisions. Currency Hedger and Roche Finance GQ Ltd. has taken reasonable measures to ensure the accuracy of the information on the website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.

You must be 18 years old or legal age as determined by the laws of the country where you live in order to become our client.

In consideration of Currency Hedger and in conjunction with Roche Finance GQ (“Currency Hedger”) agreeing to enter into over-the-counter (“ OTC”) contracts for differences (“ CFDs”) and foreign exchange contracts (“ FX Contracts”) with the any individual or corporate entity (hereinafter referred to as the “ Customer”, “ you”, “ your”), Customer acknowledges, understands and agrees that:

Trading Is  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. Leveraged 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.

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 closing of your position, in case you do not have enough liquidity for the margin on your account in order to maintain your position open.

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 closing of your position, in case you do not have enough liquidity for the margin on your account in order to maintain your position open.

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 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 the investment.

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. Marketsforu 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.

Spread

The difference between our bid price and our ask price is “Our Spread”. Our Spreads are set in our absolute discretion, since we are acting as market maker, and any changes are effective immediately. Information in relation to Our Spread, leverage, rollover fees and trading hours for each market is stated in CFD Trading Conditions and FX Trading Conditions pages of Currency Hedger’s website.

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.

Conflicts of Interest

Currency Hedger is not the counterparty to all Transactions entered into under the Customer Agreement and, as such, depending on the conditions of your trading account.

OTC Transactions

When trading CFDs or FX Contracts with us, such transactions will not be executed on a recognized or designated investment exchange and are known as over-the-counter (OTC) transactions. All positions entered into with us must be closed with us and cannot be closed with any other entity. OTC transactions may involve greater risk than investing in on-exchange contracts because there is no exchange market on which to close out an open position. It may be impossible to liquidate an existing position, to assess the value of the position arising from an OTC transaction or to assess the exposure to risk. Bid prices and ask prices may not be quoted by us, based on best execution policies applicable in the market. There is no central clearing and no guarantee by any other party of Currency Hedger’s payment obligations to the Customer, thus Customer is exposed to credit risk with Currency Hedger. Customer must look only to Currency Hedger for performance of all contracts in Customer’s account and for return of any margin or collateral.

Prices, Margin And Valuations Are Set By Currency Hedger And May Be Different From Prices Reported Elsewhere

Currency Hedger will provide prices to be used in trading, valuation of Customer positions and determination of Margin requirements in accordance with its Trading Policies and Procedures And Market Information Sheets. The performance of your CFD or FX Contract will depend on the prices set by Currency Hedger 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.

Our prices for a given market are calculated by reference to the price of the relevant underlying asset which we obtain from third party external reference sources or exchanges. For our CFD and FX Contracts, we obtain price data from wholesale market participants. Although Currency Hedger expects that these prices will be reasonably related to prices available in the market, Currency Hedger’s prices may vary from prices available to banks and other market participants.Currency Hedger has considerable discretion in setting and collecting margin.Currency Hedger / Roche Finance GQ is authorized to convert funds in Customer’s account for margin into and from such foreign currency at a rate of exchange determined by Currency Hedger in its sole discretion on the basis of then-prevailing money market rates.

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, as specified in CFD Trading Conditions and FX Trading Conditions pages of Currency Hedger ’s website.

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.

One Click Trading And Immediate Execution

Currency Hedger’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 Currency Hedger. Customer acknowledges and agrees that by using Currency Hedger’s Online Trading System, Customer agrees to the one-click system and accepts the risk of this immediate transmission/execution feature.

Telephone Orders And Immediate Execution

Market Orders executed over the telephone through the Currency Hedger Trading Desk are completed when the Currency Hedger telephone operator says “deal” or “done” following Customer’s placing of an order. Upon such confirmation of the telephone operator, Customer has bought or sold and cannot cancel the Market Order. By placing Market Orders through the Currency Hedger Trading Desk, Customer acknowledges and agrees to such immediate execution and accepts the risk of this immediate execution feature.

Recommendations Are Not Guaranteed

The generic market recommendations provided by Currency Hedger are based solely on the judgment of Currency Hedger’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 Currency Hedger and/or its affiliates. The generic market recommendations of Currency Hedger are based upon information believed to be reliable, but Currency Hedger 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.

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 Marketsforu 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.

Customer May Not Be Able To Close Open Positions

Due to market conditions which may cause any unusual and rapid market price fluctuations, or other circumstances, Currency Hedger may be unable to close out Customer’s position at the price specified by Customer and the risk controls imposed by Currency Hedger might not work and Customer agrees that Currency Hedger will bear no liability for a failure to do so.

Internet Or Web Trading

When Customer trades online (via the internet), Currency Hedger 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 Currency Hedger, Customer, any exchange or any settlement or clearing system.

Telephone Orders

Currency Hedger is not responsible for disruption, failure or malfunction of telephone facilities and does not guarantee its telephone availability. For the avoidance of doubt, Customer is aware that Currency Hedger may not be reachable by telephone at all times. In such cases Customer shall place his/her order through other means offered by Currency Hedger.

Quoting Errors

Should a quoting error occur (including responses to Customer requests), Currency Hedger 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 Currency Hedger 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 Currency Hedger has posted on our screen, Currency Hedger 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.

Compensation

Currency Hedger  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 Euros (20,000). This applies to your aggregate claims against us.