Risk disclosure

A contract for difference is an agreement to exchange the difference in the price of an underlying asset between opening and closing a position. You never own the asset. Your return depends on price movement and the size of the position, not on delivery, dividends or ownership rights.

CFDs are complex. They are not suitable for everyone, and they are not a savings or investment product. Only trade with money you can afford to lose entirely.

Leverage lets you control a position larger than your deposit. A 1% move against a position with 1:1000 leverage is a 1000% move against the margin posted. Losses can accumulate far faster than the account balance.

High leverage is not a measure of opportunity. It reduces the margin required and increases the consequence of being wrong. Position size, not leverage, should be chosen from the risk you are prepared to take.

If equity falls relative to used margin, the platform warns at the published margin level and begins closing positions at the stop-out level. We are not obliged to contact you before closing, and closure may happen quickly in fast markets.

Retail accounts benefit from negative balance protection, which resets a deficit to zero after a gap. Professional-classified accounts do not, and any deficit remains payable.

A stop-loss is an instruction to close at the next available price, not a promise of that price. In a gap, a news spike or a thin order book, the fill can be materially worse than the level you set.

Guaranteed stops, where offered, are a separate paid product and are not the same as a standard stop-loss. Assume standard stops can slip.

Markets can open away from the previous close after weekends, holidays or major announcements. Orders cannot be filled at prices that did not trade. Slippage can be positive or negative; we pass through the executed price rather than retaining a favourable difference.

Spreads widen when liquidity falls — around rollover, at session boundaries and during news. A wider spread immediately reduces the value of an open position. In extreme conditions, a market may become briefly untradeable and orders may be rejected.

Positions held overnight attract swap, charged daily and tripled on Wednesday. Swap can be positive or negative and can materially change the return of a long-held position. Commission and spread also reduce the P&L of every trade.

Frequent trading increases the total cost. A strategy with a small average win can be profitable gross and unprofitable net.

Trading depends on connectivity, devices, software and third-party infrastructure. Outages, latency, failed orders and incorrect display of prices can occur. You are responsible for your own connection and equipment, and should not rely on a single channel to manage an open position.

We may void trades executed on a manifest pricing error and reset the account to the position before the error.

We do not provide investment, tax or legal advice, and nothing on this site is a personal recommendation. Research, briefings and education are general information and may not be suitable for your circumstances.

Consider your experience, objectives, financial situation and risk tolerance before trading. If you are unsure, seek independent advice from a licensed professional.

Historical returns, strategy profiles and competition results are not indicators of future performance. Strategies decay, markets regime-shift and drawdowns can exceed anything in the record.

Read the trading conditions for leverage tiers, margin and stop-out levels, and the guides for position sizing and risk control.

If anything here is unclear, contact support before you trade. Do not open a position on the assumption that a stop will protect you at an exact price.