Please read carefully
Purpose
The purpose of
the Risk Disclosure Statement (the “Statement”) is to provide
you (the “Client”) appropriate information and disclosure on the
nature and risks of the specific types of financial instruments
offered by Super invest Ltd (hereafter the “Company”).
You should carefully read this Statement, and before trading in
financial instruments with the Company make sure you fully
understand and are able to bear the risks involved. It should be
noted that this Statement does not purport to disclose or
discuss all of the risks and other significant aspects of all
transactions entered into with or through the Company. We
outline the general nature of the risks of dealing in financial
instruments on a fair and non-misleading basis. Therefore, you
need to ensure that your decision is made on an informed basis
and as a minimum you should be taking into consideration all the
following disclosed below. You should ensure that you understand
the risks involved and take into account your level of
experience, and if necessary, seek independent advice. The
Client is responsible for all the losses suffered in his
account. By registering and trading with the Company, you
acknowledge having read and fully understood the risks involved
in trading in Contracts for Difference (“CFDs“), and that you
are willing and able to bear all such risks.
Risks Involved in Trading in CFDs
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Trading is very speculative and risky. Trading in CFDs is
highly speculative. CFDs are subject to many influences which
may result in rapid fluctuations and reflect unforeseen events
or changes in conditions with the inevitable consequence being
market volatility. We cannot, and do not, guarantee the
investment performance of CFDs, and past performance is no
indication or guarantee of future performance.
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Highly Leveraged instruments. Trading in CFDs allows you to
trade the markets on a margined basis, as opposed to paying
upfront the entire contract value, hence allowing you to get
larger market exposure for your investment. While this can
work in your favor, it can also work against you and increase
your losses. We offer various leverage levels for different
asset classes Due to their leverage, CFDs may result in the
loss of all of your invested capital. However, it should be
noted that the Company operates on a ‘negative balance
protection’ basis; this means that you cannot lose more than
your initial investment.
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Margin risk. The Client needs to make sure that he has
sufficient margin in his trading account, at all times, in
order to maintain an open position. In addition, the Client
needs to continuously monitor any open positions in order to
avoid positions being closed due to the unavailability of
funds; it should be noted that the Company is not responsible
for notifying you for any such instances but may do so.
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Market conditions. Financial markets may fluctuate rapidly to
reflect events that are outside the control of the Company
and/or your control; as a result, prices will become volatile.
One form of price volatility is ‘gapping’, which occurs when
there is a sudden shift in prices from one level to another.
This can be caused, for example by unexpected economic events
or market announcements, within or outside trading hours.
Consequently, the Company may be unable to execute your
instructions at the requested price. This may also occur when
there is insufficient underlying liquidity in the market.
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Conflicts of Interests. The Company is the counterparty to all
transactions the Client enters into and, as such, the
Company’s interests may be in conflict with the Client’s.
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Prices are set by the Company. The Company determines the
prices of all instruments offered on its website. Accordingly,
the prices may be different from prices reported or quoted
elsewhere. The Company will provide the prices to be used in
trading and valuation of the Client’s positions in accordance
with its trading policies and procedures. As such, the prices
may not directly correspond to real time market levels at any
specific point in time. CFDs must be opened and closed with
us, and you will not be able to settle a transaction with any
other entity.
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Rights to underlying assets. Entering or holding a CFD does
NOT provide the Client with any rights in respect of the
underlying instruments or assets, including any title or
ownership right, right to receive dividends or paid interest,
etc.
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One-click order. Once the Client places an order, it is
immediately received by the Company for execution. The Client
can not reverse or cancel such order after making it (but can
always close the transaction at the relevant price).
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Execution risk. A delay in execution may occur for various
reasons, such as technical issues with your internet
connection to the servers of the platform or the trading
servers. In such circumstances, the price offered by us may
change before we receive your order. If you place an order and
the price changes before the order is received, the order will
be accepted at the new price.
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Platform risk. There are risks in trading through the
Company’s online platform. These include but are not limited
to:§Software errors and bugs, delays in telecommunications
systems, interrupted service, data supply errors, faults or
inaccuracies and security breaches;§Data of users of the
platform may be visible to others, institutions or brokers may
be able to see your orders and other communications relating
to trading and execution without your consent (or ours) and
that third parties (including persons on private networks)
will have the ability to attach to your network;§ System
failures: If the platform is suspended for any reason
whatsoever, you may have difficulties in executing orders or
using any other services provided through the platform. In
such cases other communication forms may be available for such
services, but we cannot guarantee such failures shall not
occur, and shall not be liable if they do; and§ We may limit
the total volume of trades you may have outstanding at a given
time, which could prevent or delay execution of your orders,
at your risk.
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Counterparty risk. As we are the counterparty to every
transaction, the Client will have an exposure to us in
relation to each transaction. The settlement of a transaction
will be reliant on our ability to meet our counterparty
obligations to you to settle the relevant contract. If we
default on our obligations, you may become an unsecured
creditor in an administration or liquidation and will not have
recourse to any underlying assets in the event of our
insolvency.
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The Company is not an adviser or a fiduciary to customer.
Where the Company provides any information regarding the
financial markets and the CFDs, which may include generic
market recommendations, analyses, reports, market update and
the likes of those, whether provided directly to the Client or
to the public in general (together, the “Market Information“),
such information does not constitute any personal
recommendation or investment advice and do not consider any of
the Client’s personal circumstances or investment objectives,
nor is it an offer to trade, or the solicitation of an offer
to trade, in any CFD. Each decision taken by the Client to
trade in CFDs with the Company and each decision as to whether
a transaction is appropriate or proper for the Client is an
independent decision made by the Client. The Company is not
acting as an advisor or serving as a fiduciary to the Client.
The Client agrees that the Company has no fiduciary duty to
the Client and is not responsible for any liabilities, claims,
damages, costs and expenses, including attorneys’ fees,
incurred in connection with the Client following information
provided by the Company, and the Client should not be taking
or avoiding any action based upon any such information.
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Market Information not guaranteed. Any Market Information
provided by the Company, is based solely on the judgment of
its personnel and should be considered as such. The Client
acknowledges that it enters into any transactions relying on
his/her own judgment. Any Market Information provided may or
may not be consistent with the market positions or intentions
of the Company and/or its affiliates. The Market Information
is based upon information believed to be reliable, but the
Company cannot and does not guarantee the accuracy or
completeness thereof or represent that following it will
reduce or eliminate the risk inherent in trading CFDs.
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No guarantees of profit. There are no guarantees of profit nor
of avoiding losses when trading in CFDs. The Client has
received no such guarantees from the Company or from any of
its representatives. The Client is aware of the risks inherent
in trading CFDs and is financially able to bear such risks and
withstand any losses incurred.
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Costs, Swap Value and Other Considerations. Prior to investing
in CFDs the Client needs to be aware of any costs involved,
such as spread(s) and swap(s). For the purposes of this
Statement, a swap means the interest added or deducted for
holding a position open overnight. The swap for a position
held open overnight from Wednesday to Thursday is three times
that of other days; the reason for this is that the value date
of a trade held open overnight on a Wednesday would normally
be Saturday, but since banks are closed, the value date is
Monday and the client incurs an extra 2 (two) days of
interest. From Friday to Monday swap is charged once.