Disclosure

Trading Risk

You use the Services at your own risk. There can be no assurance that use of the Services will provide a positive return or profit, that significant losses will not be incurred, or that your objectives will be achieved. All Contracts traded on the Trading Platform are margined and settled using digital assets, such as bitcoin and USD Tether.

It is also important to have sufficient relevant experience when entering into financial contracts and transactions. Contracts traded on the Trading Platform are derivative contracts and are not suitable for everyone. You should only fund your wallet and trade with digital assets that you own and can afford to lose. It is possible that you may lose a substantial proportion or all of your capital. In addition, use of some of our Services involves a high risk of loss inherently associated with the Contracts that are available for trading. As a result, you should carefully consider whether you can afford to bear the risks of loss involved in using these Services and, in particular, trading derivatives contracts.

Accuracy of Information

While the Company endeavours to keep information displayed on the Services as accurate as possible, there is a risk that this may not be correct, complete or updated.

Price Volatility

The price of digital assets can be highly unpredictable and volatile when compared to other assets such as stocks, bonds and other tradeable instruments. You should not deal in digital assets derivatives unless you understand their nature and the extent of your exposure to risk. Any spreads or other fees associated with the Contracts may make them more volatile.

Liquidity Risk

Digital assets derivatives (including those traded on the Trading Platform) may be riskier, less liquid, more volatile and more vulnerable to economic, political, market, industry, regulatory and other changes than other derivatives Contract types. The liquidity of the market for Contracts will depend on, among other things, supply and demand on the Trading Platform and the commercial and speculative interest in the market for these Contracts. As Contracts are traded on a closed trading system, there is a risk that there may be limited volume and liquidity.

A lack of liquidity in any market for Contracts may result in delays in Order execution and some Orders may not execute at all; these effects may be exacerbated where an Order is larger.

Regulatory Risk

The regulatory environment concerning cryptocurrencies and other digital assets continues to develop. The application and interpretation of existing laws and regulations are often largely untested and there is a lack of certainty as to how they will be applied. New laws and regulations will be promulgated in the future that apply to blockchain technology and digital assets, and related services providers, and no assurance can be given that any such changes will not adversely affect digital assets generally or the Services. It is not possible to predict how such changes would affect the price and liquidity of digital assets derivatives, digital assets generally, or the Services.

Regulatory actions could negatively impact cryptocurrencies and other digital assets in various ways, including, for purposes of illustration only, through a determination (with retrospective or prospective effect) that digital assets or their derivatives are regulated financial instruments requiring registration or licensing in certain jurisdictions.

You understand that ultimately it is your responsibility to make sure that you comply with any and all local regulations, directives, restrictions and laws in your place(s) of residence before using our Services. We strictly state that we do not permit the use of our Services by users from a jurisdiction in which the use of our Services is not permitted (including, without limitation, Restricted Jurisdictions). We are not offering or soliciting the use of our Services to any person located in any Restricted Jurisdiction or any other jurisdiction in which the specific use of our Services is not authorised or is otherwise prohibited by local laws.

Platform Downtime

The Group may, from time to time, perform maintenance on the Trading Platform, routine or otherwise. This may lead to platform downtime and lack of access to the Trading Platform, potentially resulting in a delay or cancellation of a submitted Order yet to be processed and Orders placed during maintenance or downtime, and the inability for an Exchange User to submit new or change existing Orders.

Leveraged Trading

Leverage allows trading in certain Contracts with relatively modest margin in relation to the Position size. The result of this is that even a slight fluctuation of the Index Price could mean substantial gains on leveraged Positions when these fluctuations are in your favour but could also mean loss of the allocated margin if the fluctuations are to your detriment.

Under certain market conditions, particularly given the high volatility and substantial risk of illiquidity in digital assets derivatives markets, you may find it difficult or impossible to close a Position in the market above the liquidation price. For example, if there is insufficient liquidity in the market or technical issues with the Orders that you attempt to place, you may not be able to manage the risk on Positions. Placing contingent Orders, such as “Stop” Order Types, will not necessarily limit your losses to the intended amounts, since these Order Types are not guaranteed and market conditions may make it impossible to execute such Orders. The use of leverage can work against you as well as for you and can lead to large losses as well as gains.

The conduct of all trading your Account is at your own risk and the Group does not take any responsibility for any loss or damage incurred as a result of your use of the Trading Platform or your failure to understand the risks involved in digital assets markets generally or your use of our Services.

We may not accept any Orders which would increase your aggregate risk above the risk limit set by you or by us.

The Company does not make any assessment as to the appropriateness of the risk limit set by you, or the appropriateness of risk limits set by us as those risk limits apply to your specific circumstances. You must make your own independent assessment as to what level of risk is appropriate for yourself. The customisable risk limit is a tool to enable you to better manage your overall risk appetite.

You must ensure that you are able to monitor your Account at all times. The Company is not responsible for monitoring any Orders or Positions on, or any other aspect of, your Account.

Access Risk

There are a series of inherent risks with the use of the mobile and/or web-based trading technology such as latency in the prices provided, and other issues that are a result of connectivity (including, without limitation, the use of mobile networks). Prices displayed on the Trading Platform are solely an indication of the executable rates and may not reflect the actual executed or executable price of an Order.

The Trading Platform utilises public communication network circuits for the transmission of messages. The Group shall not be liable for any and all circumstances in which you experience a delay in price quotation or an inability to trade caused by network transmission problems or restrictions or any other problems outside our direct control, which include but are not limited to the strength of the mobile signal, network latency, or any other issues that may arise between you and any internet service provider, phone service provider or any other service provider. Please note further that some of the features available on the Trading Platform may not be available on any mobile application.

The Group’s mobile applications may require Users to download and install updates to the application or to their device’s operating system as such updates are made available. Failure to do so might lead to certain parts of the Services (including trading functions) becoming inaccessible to Users until such update has been successfully downloaded and installed. Performance issues and security risks may arise if Group mobile applications are used on devices with customised or otherwise non-standard operating software or as a result of other software installed on such devices.