Risk Warning Statement from Trendo Broker
This statement has been prepared to inform customers about the potential risks associated with conducting transactions in financial markets. Please note that this statement may not fully cover your individual circumstances and, as a result, may not cover all possible risks.
1) Financial Risks: Investing in financial markets carries a risk, and the money invested may not remain stable (constant). You need to understand all the risks associated with trading in financial markets and, if necessary, seek adequate training or independent and reliable advice.
2) Market Volatility Risks: Financial instruments may be highly volatile and have sudden price changes. Be aware that past performance is not a guarantee of future results, and profits from trading are not guaranteed.
3) Use of Leverage: The use of leverage in financial markets can lead to both profits and losses. With high leverage, small price changes can have significant effects on your account balance, and if the market moves against your expectations, you may lose all or part of your capital.
4) Technology and Communication Risks: Trading in electronic trading systems carries a risk. Technical issues, communication problems, or power outages can lead to financial losses. Furthermore, hardware or software malfunctions may result in the incorrect execution of your orders. Be aware that the data on your trading platform may not be completely up-to-date and may be incomplete in case of an unstable connection.
5) Costs and Commissions: You should be aware of all the costs and fees associated with transactions. These costs are not related to the profitability or loss-making of your trades and will be deducted from your balance.
6) Liquidity Risk: In certain conditions, you may not be able to quickly convert your assets into cash. Market conditions, trading hours, and other factors can affect the closing price of your trade or trades.
7) Third-Party Transactions: If your account is managed by a third party or automated systems, you are responsible for all the risks associated with these transactions and indemnify Trendo Broker from any claims and damages. If your account is managed by a third party, Trendo Broker has the right to request details and verify the identity of the account managers.
8) Deposit and Withdrawal Risk: When depositing and withdrawing via cryptocurrencies, the user must pay attention to the wallet address and the type of selected network, as transactions in the blockchain network are irreversible and the responsibility for depositing and withdrawing via cryptocurrencies lies with the user.
Final Recommendation
Trendo Broker recommends that you carefully evaluate your trading objectives, risk tolerance, and financial ability to bear risks. This statement is not intended to discourage you from trading in financial markets, but rather to help you in assessing risks and adopting a responsible approach in choosing trading strategies.