RISK DISCLOSURE ADDENDUM
PHYXTRADE LTD is the trading name of PHYXTRADE LTD, UK Company No. 16523655, MSB Reg. 31000301191652, SEC No. 000207665.
PHYXTRADE LTD recommends all prospective clients read our Product Disclosure Statement and the Financial Services Guide, as well as seek independent professional advice before making any decision concerning PHYXTRADE LTD’s products. Please note that PHYXTRADE LTD’s trading services are offered globally, with certain regulatory restrictions.
Prior to applying for an account, the Client should consider carefully whether trading in derivative Contracts-for-Difference is suitable in light of personal circumstances and financial resources. Trading in derivative CFDs entails the use of leverage and the possibility of substantial risk and loss.
The following key risks should be noted:
PHYXTRADE LTD recommends all prospective clients read our Product Disclosure Statement and the Financial Services Guide, as well as seek independent professional advice before making any decision concerning PHYXTRADE LTD’s products. Please note that PHYXTRADE LTD’s trading services are offered globally, with certain regulatory restrictions.
Prior to applying for an account, the Client should consider carefully whether trading in derivative Contracts-for-Difference is suitable in light of personal circumstances and financial resources. Trading in derivative CFDs entails the use of leverage and the possibility of substantial risk and loss.
The following key risks should be noted:
RISKS ASSOCIATED WITH TRANSACTIONS IN DERIVATIVE CONTRACTS-FOR-DIFFERENCE
The Client must acknowledge and accept that, regardless of any information provided by PHYXTRADE LTD, the value of Contracts-for-Difference provided by the Company may fluctuate downwards or upwards, and it is even probable that the investment may become of no value.
Trading in Contracts-for-Difference and other leveraged products may involve a significant level of risk and is not suitable for all investors. You must ensure you fully understand the risks involved and seek independent advice if necessary. Only trade if you understand all of the risks.
Leverage is a particular feature of derivative CFDs. This stems from the margining system, which generally involves a comparatively modest deposit or margin in terms of the overall contract value, so that a relatively small movement in the underlying market can have a disproportionately dramatic effect on your account.
CFD trading may give you an opportunity to profit on changes in prices of instruments, but equally, an adverse market movement may result not only in a loss of your entire deposit but also in additional commissions and expenses.
Trading in Contracts-for-Difference and other leveraged products may involve a significant level of risk and is not suitable for all investors. You must ensure you fully understand the risks involved and seek independent advice if necessary. Only trade if you understand all of the risks.
Leverage is a particular feature of derivative CFDs. This stems from the margining system, which generally involves a comparatively modest deposit or margin in terms of the overall contract value, so that a relatively small movement in the underlying market can have a disproportionately dramatic effect on your account.
CFD trading may give you an opportunity to profit on changes in prices of instruments, but equally, an adverse market movement may result not only in a loss of your entire deposit but also in additional commissions and expenses.
VOLATILITY OF PRICE AND LIMITATION ON THE AVAILABLE MARKET
CFD contracts provided by PHYXTRADE LTD are derivative securities, where the price is derived from the price of the underlying reference instrument. Derivative securities/markets can be highly volatile. Price and ranges may reflect unforeseeable events or changes in conditions, none of which can be controlled by PHYXTRADE LTD. Under certain market conditions, it can be impossible to execute any type of client order at declared price.
Transactions in CFDs are not undertaken on a recognized exchange, rather via PHYXTRADE LTD's platform, and accordingly may expose you to greater risks than regulated exchange transactions.
Transactions in CFDs are not undertaken on a recognized exchange, rather via PHYXTRADE LTD's platform, and accordingly may expose you to greater risks than regulated exchange transactions.
MARGIN REQUIREMENTS
Clients are required to deposit an Initial Margin before opening a position. Margin requirements depend on the instrument, use of leverage, and the overall market risk.
PHYXTRADE LTD will attempt to notify you when account equity is at or near 100% of Initial Margin, but we may liquidate individual positions if necessary to support risk. No negative balance is guaranteed when trading with PHYXTRADE LTD.
PHYXTRADE LTD will attempt to notify you when account equity is at or near 100% of Initial Margin, but we may liquidate individual positions if necessary to support risk. No negative balance is guaranteed when trading with PHYXTRADE LTD.
OTHER ADDITIONAL OBLIGATIONS
Before trading, you should obtain details of all commissions and charges for which you may be liable via PHYXTRADE LTD’s website and Client Agreement.
The value of open positions in CFDs provided by PHYXTRADE LTD is subject to swap fees, based on prevailing rates. Details are published on the trading platform.
PHYXTRADE LTD does not disclose or explain all risk and significant aspects involved in trading CFDs and was designed to explain general terms only. Please read together with PHYXTRADE LTD’s Product Disclosure Statement and Financial Services Guide for a full understanding.
The value of open positions in CFDs provided by PHYXTRADE LTD is subject to swap fees, based on prevailing rates. Details are published on the trading platform.
PHYXTRADE LTD does not disclose or explain all risk and significant aspects involved in trading CFDs and was designed to explain general terms only. Please read together with PHYXTRADE LTD’s Product Disclosure Statement and Financial Services Guide for a full understanding.