This notice has been presented to investors by Finx Brokers for risk reporting purposes and is considered to have been read and understood by the investor. All rights of Finx Brokers investors are not shared with third parties for protection and takes the highest level of precautions to protect customer privacy. This disclosure attached to the Retail Customer Agreement and General Terms and Conditions cannot or does not disclose or disclose all risks and other material aspects involved in currency trading and derivatives transactions. Engaging in such transactions carries a high risk to your capital and can potentially result in a total loss of that capital. If you would like a more comprehensive understanding of the risks involved, please contact Finx Brokers for more information.
Considering the risks, you should not transact in the above-mentioned products unless you understand the nature of the contracts and the contractual legal relationship you are entering. Transactions with foreign currency derivatives are not suitable for many members of the public. You should carefully consider whether you are a good fit for foreign exchange trading in light of your experience, purposes, financial situation and other relevant circumstances.
If in doubt, it is recommended that you seek independent financial advice.
Foreign Exchange and Derivative Transactions Are Very Speculative and Risky
Trading CFDs and Spot Contracts is highly speculative and involves a significant risk of loss; may not be suitable for all investors, but may only be suitable for:
(a) voluntarily accepts the relevant economic, legal and other risks;
(b) Experienced and knowledgeable in derivative transactions and underlying asset types; and
(c) It may be financially possible to incur significant losses above margin or deposits, as investors may lose the total value of the contract, not just the margin or deposit.
Neither CFD nor Spot Contracts are suitable investments for pension funds. CFD and trading are among the riskiest types of investments and can result in huge losses. The risks associated with long CFD positions, in other words, for buyers of CFDs; A Long Term in a CFD means that you buy CFDs by anticipating that the market price of the asset will rise between the trading time. With the open position of the CFD open, as the holder of the long position, you usually make a profit if the market price of the underlying asset rises. On the contrary, if the market price of the underlying asset falls while your CFD open position is open, you will generally incur a loss. Your potential loss may therefore be greater than the initial margin deposited. In addition, you may incur losses as a result of closing your position when you do not have enough liquidity for the margin in your account to maintain an open position. The risks associated with short CFD positions, ie for sellers of CFDs; Being short on a CFD means you are launching CFDs thinking that the market price of the underlying asset will fall between the time of the buy and the sell. As a short position holder, you usually make a profit as the market price of the underlying assets declines while your CFD short position is open. On the contrary, if the market price of the underlying asset rises while your short position of CFD is open, you will usually incur a loss. Your potential loss may therefore be greater than the initial margin deposited. In addition, you may incur losses as a result of closing your position when you do not have enough liquidity for the margin in your account to maintain an open position.
Can High and Low Margin Cause Quick Losses? High is a particular feature of both CFD and Spot Contracts. The effect makes it riskier than investing in the asset invested in CFDs. This is due to the marginalization system applicable to CFD, where the transaction involves a relatively small deposit; Thus, a relatively small price movement of the underlying asset can have a disproportionately dramatic effect on your trade. This can be both advantageous and disadvantageous. Please note that a small price movement can result in high gains on the deposit, but a small price movement against you can result in significant losses that can exceed the money put in deposit. These losses can occur quickly. The greater the buoyancy, the higher the risk. Therefore, partly determines the outcome of the investment. Foreign exchange and derivative transactions carry a high degree of risk. The high degree of usually achieved in foreign exchange and derivatives trading can work against you as well as for you due to volatile market conditions. If the market puts your first deposit at risk; You may be prompted to deposit additional funds at short notice to maintain your position. Failure to comply with a request to deposit additional funds may result in you closing your position(s) by Finx Brokers on your behalf; You are responsible for any resulting loss or omission.
Margin Requirements The client must always maintain a minimum margin requirement on its open positions. It is the Customer’s responsibility to monitor the balance of the account. The Client may receive a margin call to deposit additional cash if the margin on the relevant account is too low. If the minimum margin requirement is not maintained, Finx Brokers has the right to liquidate any or all open positions. This may result in the Client’s CFD or Spot Contracts being closed at a loss that will be your responsibility. Conflicts of interest Finx Brokers is the counterparty to all Transactions entered into under the Client Agreement and as such Finx Brokers’s interests may conflict with yours. Our conflict of interest policy is available on Finx Brokers’s website. OTC Transactions When selling CFD or Spot Contracts with us, these Transactions will not be executed on a recognized or designated investment exchange and are known as OTC (Over-the-Counter) transactions. All positions entered with us will be closed with us and will not be closed with any other assets. OTC transactions can pose a greater risk than investing in currency contracts because there is no short-cut exchange. It may be impossible to liquidate an existing position, assess the value of the position resulting from an OTC transaction, or assess the exposure to risk.
Bid Prices and Prices are not quoted by us based on the best applicable enforcement policies in the market and even when they are a party, especially Finx Brokers may make it difficult to set a fair price for the underlying asset when the relevant currency or market is closed or suspended There are no guarantees by any other party of any central clearing and payment obligations of Finx Brokers to the Client. Thus, the Client is exposed to credit risk with Finx Brokers. The Client should refer only to Finx Brokers for the performance of all contracts in the Client’s Account and for the refund of any Margin or Collateral.
Suspension of Trading Under certain market conditions, liquidating a position may be difficult or impossible, increasing the risk of losing. This can happen, for example, when rapid price movements occur when the price of the underlying asset rises or falls during a trading session to such an extent that trading in the underlying asset is limited or suspended. Prices Are Made By Margin and Valuation Executive Brands and May Be Different From Prices Reported Elsewhere.Finx Brokers will ensure the prices to be used in trading, the valuation of Client positions and the determination of Margin Requirements in accordance with the Trading Policies and Procedures and Market Information Forms. The performance of a CFD or Spot Contract will depend on the prices set by Finx Brokers and market fluctuations in the underlying asset your contract is associated with. Therefore, each underlying asset carries certain risks that affect the outcome of the respective CFD. Our given market prices are calculated in reference to the price of the relevant underlying asset that we obtain from third-party external reference sources or exchanges. For our CFD and Spot Contracts, we obtain price data from wholesale market participants. Although Finx Brokers expects these prices to be logically related to market prices, Finx Brokers’s prices may differ from prices available to banks and other market participants. Executive Marketing has significant discretion in setting and collecting Margin. Finx Brokers is authorized to convert funds in the Client’s Margin Vault account in such a currency at a rate determined by Finx Brokers in its sole discretion, based on the money market rates at the time. Rights to Underlying Assets You have no rights or obligations to underlying documents or assets related to your CFDs or Spot Contracts. The client knows that CFD can hold different underlying assets such as stocks, indices, currencies and commodities.
Currency risk Investing in Spot Contracts and CFDs listed in a base currency other than your base currency carry a currency risk because a CFD or Spot Contract is issued in a currency other than your base currency; Your return may be affected by its conversion to the base currency. When Finx Brokers provides generic market advice, such general advice does not constitute a personal recommendation or investment advice and does not take into account your personal circumstances or investment goals, or solicit an offer to buy or sell or an offer of an offer. Any decision by the Client to enter into a CFD or Spot Contract with Finx Brokers, and any decision as to whether a transaction is appropriate or appropriate for the Client, is an independent decision made by the Client. Finx Brokers does not act as an Advisor or serve as an advisor to the Client. The Client assumes that Finx Brokers does not have a fiduciary duty with the Client and is not responsible for any liabilities, claims, indemnities, costs and expenses, including attorneys’ fees, arising in connection with the Client following Finx Brokers’s generic trading recommendations. accepts no liability. Recommendations are not guaranteed. The generic market recommendations provided by Finx Brokers are based solely on the judgment of Finx Brokers’s staff and should be considered as such. The Client acknowledges that it has entered into Transactions based on its own judgment. The market recommendations provided are only comprehensive. Finx Brokers’s generic market recommendations are based on information believed to be reliable, but Finx Brokers does not warrant its accuracy or completeness. Therefore, such general advice does not reduce or eliminate the risk inherent in trading CFDs and/or Spot Contracts. There are no guarantees of profit. There is no guarantee of profit or avoidance of losses when trading CFDs and Spot Contracts. The client has received no such collateral from Finx Brokers or any of its representatives. The Client is aware of the risks involved in trading CFDs and Spot Contracts and can bear these risks financially and withstand any losses incurred. Client Cannot Close Open Positions Due to market conditions that may cause an unusual and rapid market price fluctuation or other conditions, the Client’s position cannot be closed at the price determined by the Client, and the risk controls applied by Finx Brokers may not work. The client acknowledges that Finx Brokers accepts no liability for a failure. Internet / Electronic Trading Trading in Finx Brokers’s trading system may differ from trading in other electronic trading systems and in the conventional or open market. Trading in the electronic trading system will expose you to system-related risks such as hardware and software failure, system downtime in relation to Finx Brokers’s trading system or individual client’s system and the communication infrastructure (e.g. internet) connecting Finx Brokers’s platform. with its customers. As a result of any system error, your order may not be executed according to your instructions or not executed at all, and there may be inadequacies to keep you constantly informed of your positions and fulfillment of margin requirements. or any claim, loss, damage, expense and expense incurred directly or indirectly due to any failure, deterioration or malfunction. is not responsible and reserves the right to make corrections or corrections to the relevant Account. Disputes arising from such quotation errors will be resolved at its sole discretion, acting in good faith from the relevant market when such an error occurs, based on the fair market value determined by Finx Brokers. Where the prevailing market represents prices that differ from the prices Finx Brokers has posted on our screen, efforts will be made to execute Transactions at or close to the current market prices. These prevailing market prices will ultimately be those reflected in the Client’s statements. This may or may not be adversely affected by the Client’s realized and unrealized gains and losses. Terms and Conditions of Contracts You are responsible for fully understanding the rules of the transactions to be performed and/or the terms of the transactions to be performed and/or the Retail Customer Agreement, including but not limited to any terms describing risk factors such as volatility, liquidity and the like. Weekend Risk During a weekend (Friday 22:00 CET – Sunday 23:30 CET) or during a holiday in financial markets, usually close to closing, various situations can arise that can cause markets to open at a price that is significantly different from the closing location. Finx Brokers clients may not use the Finx Brokers trading system to place or change orders on weekends, market holidays or other times when markets are generally closed. There is a significant risk that the order-loss orders left to protect the open positions held in these periods will be executed at levels significantly worse than the determined price. Charges and Commissions Before you start trading, you should find out from us the details of all commissions and other charges for which you are responsible. These charges affect your net profit or loss. Money and collateral You agree that you can afford to lose the amount you have paid to Finx Brokers as a deposit. When you deposit money with us, it will usually be held in a segregated client’s account with one or more authorized credit and/or banking institutions located in Europe and/or an EEA member state/or as specified on the Finx Brokers website. You agree that holding funds in a segregated client’s account does not provide complete protection, particularly in the event of the bankruptcy of any third party entity entrusted by Finx Brokers to hold the client’s assets. Risks Specific to Asset Management and Advisory Services Personal Investing. There is no obligation to stop trading when the assets on the account are significantly reduced. Therefore, the client undertakes to control the development of his account in order to terminate the asset management service if he considers that the results are not suitable for his expectations or needs.
“Investment consultancy service is offered individually by authorized institutions, taking into account the risk and return preferences of individuals. The investment information, comments and recommendations contained herein are of general nature, not within the scope of investment consultancy. Making an investment decision based solely on the information contained herein may not yield results that are appropriate for your financial situation and risk and return preferences.” Finx Brokers cannot be held responsible in any way for direct and/or indirect damages, material and moral damages, lost profits and damages incurred by third parties as a result of using the information on the educational content or promotional pages.
Finx Brokers reserves the right to make changes in transaction conditions, bonus campaign conditions including withdrawals, ratios and/or spread features at every stage as it deems necessary. The change will be deemed to have entered into force with the notification to be made to the customer via e-mail, sms or call.
Communication with the Customer
The Company may contact its customers from time to time by telephone or e-mail in order to offer information about financial transactions, to provide information or to inform about current promotions. Customers confirm that they consent to such communication with them with the terms and conditions they have approved while becoming a member of the Company. If our customers, who do not want such communication with them, want to leave our daily e-mail mailing list at any time, they can easily unsubscribe from the e-bulletin membership with one click by clicking on the “Please click to unsubscribe from our e-bulletin list” link at the bottom of the e-mails we send. . Messages can only be used for review and storage by Company officials in order to provide better customer satisfaction and a more efficient transaction infrastructure. These messages are never shared with unauthorized persons outside the institution.