Risk Disclosure

General risk warning

Prospective clients should study the following risk warnings carefully. This document outlines the general nature of risks involved in trading financial instruments. It does not explain all risks.

Clients should not engage in trading unless they fully understand the risks involved. You should never risk more than you are prepared to lose.

Pips Markets does not provide investment advice or recommendations. Clients are responsible for determining whether a financial instrument is suitable for their financial situation and objectives. If risks are unclear, clients should consult an independent financial advisor. If risks are still not understood, trading should not be undertaken.

Trading financial instruments involves significant risk. Investment value may increase or decrease. Losses may exceed the initial deposited capital.

Technical risk

The customer is responsible for financial losses caused by failures of information, communication, electronic, or other systems.

Losses may result from:

• Hardware or software failures or misuse on the customer or company side
• Poor internet connection or power outages
• Transmission failures or hacker attacks
• Incorrect client terminal settings
• Delayed platform updates

Failure to follow platform or website rules

During periods of high market activity, customers may experience difficulty contacting dealers by telephone.

Abnormal market conditions

Under abnormal market conditions, execution of instructions and requests may be delayed.

Trading platform risks

The only reliable source of pricing is the live server. Quotes displayed in the client terminal may be incomplete or delayed.

Closing an order window does not cancel instructions already sent to the server.

Repeating an instruction due to lack of confirmation may result in duplicate transactions.

If a pending order is triggered while modification instructions are sent, only stop loss or take profit adjustments may be applied.

Communication risks

Customers accept the risk of financial losses due to delayed or missing communications.

Email communications are unencrypted and may be accessed by unauthorized parties.

Internal platform messages are automatically deleted after three days.

Customers are responsible for safeguarding account credentials and private information.

The company is not responsible for unauthorized access to customer data transmitted via internet or electronic means.

Force majeure

In the event of force majeure, customers accept the risk of financial losses.

Foreign exchange and derivative product risks

This notice does not disclose all risks associated with foreign exchange and derivative products. These products may be unsuitable for many investors.

Certain strategies may be as risky as holding simple long or short positions.

Derivative trading may result in the total loss of invested funds.

Effect of leverage

Leverage magnifies both gains and losses. Small market movements may result in significant losses exceeding deposited funds.

Customers are responsible for their trading strategy and risk exposure.

Maintaining a high margin level and using stop loss orders is strongly recommended.

High volatility instruments

Some instruments experience wide and rapid price movements. This creates high risk of losses as well as profits.

Prices may be influenced by political, economic, and market conditions beyond the control of the customer or the company.

Stop loss orders cannot guarantee loss limitation.

Under certain conditions, investments may become worthless.

Futures trading

Futures trading involves high risk and leverage. Small market movements can result in large gains or losses.

Futures positions may require additional margin payments. Failure to meet margin requirements may result in forced liquidation and losses.

Off exchange derivative transactions

Forex and precious metals are traded off exchange. These markets may be less transparent and less liquid.

It may be difficult or impossible to close positions or determine fair market value.

Foreign markets

Trading in foreign markets carries additional risks including currency fluctuations.

The company will explain applicable protections upon request.

Contingent liability transactions

Margined transactions may require additional payments beyond the initial deposit.

The company is not required to notify customers of margin calls.

Non exchange traded transactions may involve substantially greater risk.

Collateral

Collateral treatment varies by transaction type and market.

Deposited collateral may lose its identity and may not be returned in its original form.

Customers should understand how collateral is handled before trading.

Commissions and taxes

Customers are responsible for understanding all commissions fees and charges.

Trading may be subject to taxes or duties due to changes in legislation or personal circumstances.

The company does not provide tax advice.

Suspension of trading

Certain market conditions may make liquidation impossible.

Stop loss orders may not be executed at expected prices and losses may exceed expectations.

Clearinghouse protections

Exchange guarantees may not protect the customer in the event of default.

Off exchange instruments do not benefit from clearinghouse protection.

Insolvency risk

Company insolvency may result in positions being closed without consent.

Segregated funds are protected under applicable regulations. Non segregated funds are not protected and customers may rank as general creditors.

Third party risk

Customer funds may be passed to third parties such as banks brokers or clearing institutions.

Third party insolvency may result in insufficient funds to satisfy customer claims.

The company is not responsible for acts or omissions of third parties.

Risk disclaimer

Trading futures options and foreign exchange involves substantial risk and is not suitable for all investors.

Past performance does not guarantee future results.