Risk Warning

The risks associated with trading commodity futures, options, CFDs, spread betting, and foreign exchange (“forex”) are considerable. The substantial leverage linked to these instruments can work both in your favor and against you.

This high leverage can lead to significant losses. You should carefully evaluate whether trading in commodity futures, options, CFDs, spread betting, and forex is appropriate for you, considering your financial situation. If you are uncertain, you should seek professional advice.

Past performance is not a guarantee of future results. Managed accounts may incur significant commissions and advisory fees. These accounts may need to generate substantial trading profits just to offset these costs and avoid depleting their assets.

Each broker or advisor (“CTA”) is mandated by regulators to provide prospective clients with a risk disclosure document detailing these fees, conflicts of interest, and other related risks. This risk disclosure statement cannot fully capture the extent of the risks involved in trading commodity futures, options, CFDs, spread betting, and forex.

You should not consider investing without thoroughly reading the disclosure document of each CTA or broker you are interested in. Requesting a disclosure document imposes no obligation on you and is provided at no cost. Regulators have not assessed the merits of participating in any of these programs or the adequacy or accuracy of the disclosure documents. Additional disclosure statements must be provided to you before an account can be opened.

Past performance is not necessarily indicative of future results. Prospective clients should not base their investment decision solely on past performance. When making an investment decision, clients must also rely on their own examination of the person or entity making the trading decisions and the terms of the advisory agreement, including the associated merits and risks.

Trading on margin involves high risk and is not suitable for all investors. The substantial leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. High rewards are often associated with high risks. Market speculation that can yield unusually high returns is subject to unusually high risks. Only surplus funds should be used for trading, and individuals without such funds should avoid participating in trading foreign currencies, commodities, futures, options, CFDs, or spread betting. Trading is not suitable for everyone.

Trading commodity futures, options, CFDs, spread betting, and foreign exchange (“forex”) involves high risks and can result in the complete loss of your funds.