Common use of RISK ACKNOWLEDGEMENTS Clause in Contracts

RISK ACKNOWLEDGEMENTS. Customer acknowledges and understands that trading and investment in leveraged OTC Rolling Spot Forex Contracts is highly speculative, involves an extreme degree of risk, and is generally appropriate only for persons who can assume risk of loss in excess of their margin deposit. Customer understands that because of the low margin/high leverage normally available in foreign currency trading, price changes in foreign currency Contracts may result in significant losses. Such losses may substantially exceed Customer’s investment and margin deposit. By Customer directing Service Provider to enter into any Contract, any profit or loss arising as a result of a fluctuation in the exchange rate affecting such Currency will be entirely for the Customer’s account and risk. Customer warrants that the Customer is willing and able, financially and otherwise, to assume the risk of foreign currency trading, and in consideration of Service Provider carrying his/her Account(s), Customer agrees not to hold Service Provider and its Technology Providers responsible for losses incurred through following its trading recommendations or suggestions or those of its employees, agents or representatives. Customer recognizes that guarantees of profit or freedom from loss cannot be given and it is impossible to predict performance in foreign currency trading. Customer acknowledges that Customer has received no such guarantees from Service Provider or from any of its representatives or any introducing broker or other entity with whom Customer is conducting or managing his/her/its Service Provider Account and has not entered into this Agreement in consideration of or in reliance upon any such guarantees or similar representations. All transactions effected for Customer’s account and all fluctuations in the market prices of the Contracts carried in Customer’s Account are at Customer’s risk, and Customer shall be solely liable therefore under all circumstances. Customer represents and warrants that Customer is willing and financially able to sustain such losses, and that the trading of Spot Foreign Exchange (Currencies) is a suitable investment vehicle for the Customer. Service Provider is not responsible for delays or partial or total failures in any online (electronic) trading platforms or any communications facility or other causes beyond Service Provider reasonable direct control. The Customer understands and recognizes that the transactions to be conducted pursuant to this Agreement are NOT conducted on a regulated market or exchange. Customer represents that it is aware of the risks inherent in the trading of OTC Rolling Spot Forex (Currencies) and is financially able to bear such risks and withstand any losses incurred.

Appears in 4 contracts

Samples: Client Agreement, Billion Ally, System Advance

AutoNDA by SimpleDocs

RISK ACKNOWLEDGEMENTS. Customer acknowledges and understands that trading and investment in leveraged OTC Rolling Spot Forex Contracts is highly speculative, involves an extreme degree of risk, and is generally appropriate only for persons who can assume risk of loss in excess of their margin deposit. Customer understands that because of the low margin/high leverage normally available in foreign currency tradingInvestments, price changes in foreign currency Instruments Contracts may result in significant losses. Such losses may substantially exceed Customer’s 's investment and margin deposit. By Customer directing Service Provider to enter into any Contract, any profit or loss arising as a result of a fluctuation in the exchange rate affecting such Currency Instrument will be entirely for the Customer’s 's account and risk. Customer warrants that the Customer is willing and able, financially and otherwise, to assume the risk of foreign currency tradingtrading in Instruments, and in consideration of Service Provider carrying his/her Account(s), Customer agrees not to hold Service Provider and its Technology Providers responsible for losses incurred through following its trading recommendations or suggestions or those of its employees, agents or representatives. Customer recognizes that guarantees of profit or freedom from loss cannot be given and it is impossible to predict performance of trading in foreign currency tradingInstruments. Customer acknowledges that Customer has received no such guarantees from Service Provider or from any of its representatives or any introducing broker or other entity with whom Customer is conducting or managing his/her/its Service Provider Account and has not entered into this Agreement in consideration of or in reliance upon any such guarantees or similar representations. All transactions effected for Customer’s 's account and all fluctuations in the market prices of the Contracts carried in Customer’s 's Account are at Customer’s 's risk, and Customer shall be solely liable therefore under all circumstances. Customer represents and warrants that Customer is willing and financially able to sustain such losses, and that the trading of Spot Foreign Exchange (Currencies) Instruments is a suitable investment vehicle for the Customer. Service Provider is not responsible for delays or partial or total failures in any online (electronic) trading platforms or any communications facility or other causes beyond Service Provider Provider's reasonable direct control. The Customer understands and recognizes that the transactions to be conducted pursuant to this Agreement are NOT conducted on a regulated market or exchange. Customer represents that it is aware of the risks inherent in the trading of OTC Rolling Spot Forex (Currencies) Instruments and is financially able to bear such risks and withstand any losses incurred.

Appears in 1 contract

Samples: Client Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!