The service offers financial activities that may result in the loss of part or all of the invested funds while trading. You should carefully consider whether this activity suits your needs, your financial resources and your personal circumstances.
You should be aware that among the features of the service: (i) the prices and expiration period quoted through the service for various assets are the prices and expiration period in which we are willing to sell a Forex for such asset to you at such time and these prices may not correspond to any other market price available to you from different markets at the point in time in which you purchase the Forex through the service; and (ii) a broad range of financial information is displayed on the site and may quickly become unreliable or change for various reasons such as due to the volatility of financial markets. Further, minor differences in market prices may occur in short time periods and may cause high profits or losses in relation to transactions you complete through the service. There is no existing method that can assure profits from transactions in financial markets. We are under no obligation to quote a particular price quoted on any specific market. You may not use or rely on prices quoted through the service for any purpose other than trading through the service, and you agree not to redistribute such prices to others (for commercial or any other purpose).
You should also be aware of the risks associated with using an internet or mobile based system for trading options, including but not limited, the failure of hardware, software, and internet connection.
The site and the service is intended for and should only be used by individuals or entities that have sufficient experience and knowledge in financial matters to be capable of evaluating the financial data and market information displayed on the site, and the merits and risks of entering into financial contracts. By using the service you acknowledge that you are aware of all of the risks associated with the service (including without limitation full information and knowledge regarding online Forex transactions) and have the financial capability to finance your participation, that your use of this site, the service and content, is at your own discretion and risk, and that you will be solely responsible for any resulting consequences.
Risk Disclosure Statement
By opening an account with Fort Trades, you acknowledge, understand and agree with the risks associated with Forex’ trading, including but not limited to:
1. Trading is very speculative and risky
Trading in Forex is highly speculative and is suitable only for those customers who:
a. Understand and are willing to assume the economic, legal and other risks involved; and
b. Are financially able to assume the loss of their total investment and are knowledgeable about Forex trading and the underlying assets.
2. Prices are set by the company and may be different from prices reported elsewhere
The Company will provide the prices to be used in trading and valuation of Customer’s options in accordance with its trading Policies and Procedures. The trading rates assigned to the options on the Company’s website are the ones at which the Company is willing to sell Forex to its customers at the point of sale. As such, they may not directly correspond to real time market levels at the point in time at which the sale of options occurs.
3. Rights to underlying assets
It is clarified that no real underlying instruments or assets are being purchased by the customers. Therefore, you have no rights or obligations in respect of the underlying instruments or assets relating to your Forex’ trading.
4. The Company is not an adviser or a fiduciary to customer
Where the Company provides generic market recommendations, such generic recommendations do not constitute a personal recommendation or investment advice and have not taken into account any of your personal circumstances or your investment objectives, nor is it an offer to trade, or the solicitation of an offer to trade, in any Forex. Each decision by customer to trade in Forex with the Company and each decision as to whether an option is appropriate or proper for the customer is an independent decision made by the customer. The Company is not acting as an advisor or having a fiduciary duty to any customer. You agree that the Company has no fiduciary duty to you and no liability in connection with and is not responsible for any liabilities, claims, damages, costs and expenses, including attorneys’ fees, incurred in connection with you trading and/or any recommendations or information provided by the Company.
5. Recommendations are not guaranteed
The generic market recommendations provided by the Company are based solely on the judgment of the Company’s personnel and should be considered as such. You acknowledge that you enter into any transactions relying on your own judgment. Any market recommendations provided are generic only and may or may not be consistent with the market positions or intentions of the Company and/or its affiliates. The generic market recommendations of the Company are based upon information believed to be reliable, but the Company cannot and does not guarantee the accuracy or completeness thereof or represent that following such generic recommendations will reduce or eliminate the risk inherent in trading in Forex.
6. Internet trading
When a customer trades online (via the internet), the Company shall not be liable for any claims, losses, damages, costs or expenses, caused, directly or indirectly, by any malfunction or failure of any transmission, communication system, computer facility or trading software, whether belonging to the Company, customer, any exchange or any settlement or clearing system.
7. Expiry system errors
In case the expiry system fails for any reason, it will auto detect un-expired options and expire them in accordance to the rates stored historically in the archive. If any option did not expire on time, the system will issue a notification to the risk manager and Compliance Officer, detailing all option information, in order to be resolved manually.