Common use of Risk Warning Clause in Contracts

Risk Warning. 7.1. The Client unreservedly accepts, acknowledges and understands that CFDs trading: • is highly speculative; • carry a high level of financial risk, as they are subject to excessive price fluctuations which may cause substantial losses; • in the case of CFDs with underlying asset a virtual currency, there might be sudden changes in prices of certain instruments. This can happen during economic events or market announcements or geopolitical events, news, or even due to adverse media or fake news. Gaps can occur when markets open or close or even during normal trading hours. If the market is closed when these factors occur, the opening price of the underlying asset can be substantially different from the closing price, giving you no opportunity to close your trade in-between. Pricing gaps can result in losses. Therefore, CFDs on virtual currencies may be subject to large price fluctuations and in some instances, due to the early stages of their lifecycle, they may lose entire value. • the losses may include all of the Client’s investment and also any additional commissions and other expenses; • is only suitable for persons who are able to cope with the associated risks by bearing the financial losses; • the Company does not guarantee the capital of the Client’s Account or its value at any time or any money invested in any Financial Instrument; 7.2. When trading in CFDs, the Client is trading on the outcome of the price of an Underlying Asset and that trading does not occur on a regulated market but over-the- counter (OTC). The Client accepts that TIO Markets is the only execution venue, which is a non-regulated market. 7.3. Since virtual currencies are trading on various exchanges worldwide (non- centralized), and since we derive our pricing from certain exchanges, our pricing might be significantly different than prices from other exchanges. You should understand the above, and maintain your account balance accordingly, knowing that our prices can be different from prices observed elsewhere. 7.4. TIO Markets shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided. Any opinions, news, research, analyses, prices, or other information contained on this Website are provided as general market commentary, and do not constitute investment advice. The Company will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. 7.5. The contents of any report provided should not be construed as an expressed or implied promise, as a guarantee or implication that Clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited.

Risk Warning. 7.1. The Client unreservedly accepts, acknowledges and understands that CFDs trading: • is highly speculative; • carry a high level of financial risk, as they are subject to excessive price fluctuations which may cause substantial losses; • in the case of CFDs with underlying asset a virtual currency, there might be sudden changes in prices of certain instruments. This can happen during economic events or market announcements or geopolitical events, news, or even due to adverse media or fake news. Gaps can occur when markets open or close or even during normal trading hours. If the market is closed when these factors occur, the opening price of the underlying asset can be substantially different from the closing price, giving you no opportunity to close your trade in-betweenbe- tween. Pricing gaps can result in losses. Therefore, CFDs on virtual currencies may be subject to large price fluctuations and in some instances, due to the early stages of their lifecycle, they may lose entire value. • the losses may include all of the Client’s investment and also any additional commissions and other expenses; • is only suitable for persons who are able to cope with the associated risks by bearing the financial losses; • the Company does not guarantee the capital of the Client’s Account or its value at any time or any money invested in any Financial Instrument; 7.2. When trading in CFDs, the Client is trading on the outcome of the price of an Underlying Asset and Assetand that trading does not occur on a regulated market but over-the- counter (OTC). The Client accepts Clientaccepts that TIO Markets is the only execution venue, which is a non-regulated market. 7.3. Since virtual currencies are trading on various exchanges worldwide (non- centralized), and since we derive our pricing from certain exchanges, our pricing might be significantly different than prices from other exchanges. You should understand the above, and maintain your account youraccount balance accordingly, knowing that our prices can be different from prices observed elsewhere. 7.4. TIO Markets shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided. Any opinions, news, research, analyses, prices, or other information contained on this Website are provided as general market commentary, and do not constitute investment advice. The Company will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. 7.5. The contents of any report provided should not be construed as an expressed or implied promise, as a guarantee or implication that Clients will profit from the strategies herein, or as a asa guarantee that losses in connection therewith can, or will be limited.

Risk Warning. 7.1. 7.1 The Client unreservedly accepts, acknowledges and understands that CFDs trading: • is highly speculative; • carry a high level of financial risk, as they are subject to excessive price fluctuations which may cause substantial losses; • in the case of CFDs with underlying asset a virtual currency, there might be sudden changes in prices of certain instruments. This can happen during economic events or market announcements or geopolitical events, news, or even due to adverse media or fake news. Gaps can occur when markets open or close or even during normal trading hours. If the market is closed when these factors occur, the opening price of the underlying asset can be substantially different from the closing price, giving you no opportunity to close your trade in-between. Pricing gaps can result in losses. Therefore, CFDs on virtual currencies may be subject to large price fluctuations flactuations and in some instances, due to the early stages of their lifecycle, they may lose entire value. • the losses may include all of the Client’s investment and also any additional commissions and other expenses; • is only suitable for persons who are able to cope with the associated risks by bearing the financial losses; • the Company does not guarantee the capital of the Client’s Account or its value at any time or any money invested in any Financial Instrument;or 7.2. 7.2 When trading in CFDs, the Client is trading on the outcome of the price of an Underlying Asset and that trading does not occur on a regulated market but over-the- the-counter (OTC). The Client accepts that TIO Markets FXPRIMUS is the only execution venue, which is a non-regulated market. 7.3. 7.3 Since virtual currencies are trading on various exchanges worldwide (non- non-centralized), and since we derive our pricing from certain exchanges, our pricing might be significantly different than prices from other exchanges. You should understand the above, and maintain your account balance accordingly, knowing that our prices can be different from prices observed elsewhere. 7.4. TIO Markets 7.4 FXPRIMUS shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided. Any opinions, news, research, analyses, prices, or other information contained on this Website are provided as general market commentary, and do not constitute investment advice. The Company will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. 7.5. 7.5 The contents of any report provided should not be construed as an expressed or implied promise, as a guarantee or implication that Clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited.

Risk Warning. 7.1. The Client unreservedly accepts, acknowledges and understands that CFDs trading: • is highly speculative; • carry a high level of financial risk, as they are subject to excessive price fluctuations which may cause substantial losses; • in the case of CFDs with underlying asset a virtual currency, there might be sudden changes in prices of certain instruments. This can happen during economic events or market announcements or geopolitical events, news, or even due to adverse media or fake news. Gaps can occur when markets open or close or even during normal trading hours. If the market is closed when these factors occur, the opening price of the underlying asset can be substantially different from the closing price, giving you no opportunity to close your trade in-in- between. Pricing gaps can result in losses. Therefore, CFDs on virtual currencies may be subject to large price fluctuations and in some instances, due to the early stages of their lifecycle, they may lose entire value. • the losses may include all of the Client’s investment and also any additional commissions and other expenses; • is only suitable for persons who are able to cope with the associated risks by bearing the financial losses; • the Company does not guarantee the capital of the Client’s Account or its value at any time or any money invested in any Financial Instrument; 7.2. When trading in CFDs, the Client is trading on the outcome of the price of an Underlying Asset and that trading does not occur on a regulated market but over-the- over the counter (OTC). The Client accepts that TIO Markets is the only execution venue, which is a non-regulated market. 7.3. Since virtual currencies are trading on various exchanges worldwide (non- centralizednoncentralized), and since we derive our pricing from certain exchanges, our pricing might be significantly different than prices from other exchanges. You should understand the above, and maintain your account balance accordingly, knowing that our prices can be different from prices observed elsewhere. 7.4. TIO Markets shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided. Any opinions, news, research, analyses, prices, or other information contained on this Website are provided as general market commentary, and do not constitute investment advice. The Company will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. 7.5. The contents of any report provided should not be construed as an expressed or implied promise, as a guarantee or implication that Clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited.

Risk Warning. 7.1. The Client unreservedly accepts, acknowledges and understands that CFDs trading: • is highly speculative; • carry a high level of financial risk, as they are subject to excessive price fluctuations which may cause substantial losses; • in the case of CFDs with underlying asset a virtual currency, there might be sudden changes in prices of certain instruments. This can happen during economic events or market announcements an- nouncements or geopolitical events, news, or even due to adverse media or fake news. Gaps can occur when markets open or close or even during normal trading hours. If the market is closed when these factors occur, the opening price of the underlying asset can be substantially substan- tially different from the closing price, giving you no opportunity to close your trade in-betweenbe- tween. Pricing gaps can result in losses. Therefore, CFDs on virtual currencies may be subject to large price fluctuations and in some instances, due to the early stages of their lifecycle, they may lose entire value. • the losses may include all of the Client’s investment and also any additional commissions and other expenses; • is only suitable for persons who are able to cope with the associated risks by bearing the financial financial losses; • the Company does not guarantee the capital of the Client’s Account or its value at any time or any money invested in any Financial Instrument; 7.2. When trading in CFDs, the Client is trading on the outcome of the price of an Underlying Asset and that trading does not occur on a regulated market but over-the- counter (OTC). The Client accepts that TIO Markets is the only execution venue, which is a non-regulated market. 7.3. Since virtual currencies are trading on various exchanges worldwide (non- centralized), and since we derive our pricing from certain exchanges, our pricing might be significantly different significantly differ- ent than prices from other exchanges. You should understand the above, and maintain your account balance accordingly, knowing that our prices can be different different from prices observed elsewhere. 7.4. TIO Markets shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided. Any opinions, news, research, analysesanal- yses, prices, or other information contained on this Website are provided as general market commentary, and do not constitute investment advice. The Company will not accept liability for any loss or damage, including without limitation to, any loss of profitprofit, which may arise directly di- rectly or indirectly from use of or reliance on such information. 7.5. The contents of any report provided should not be construed as an expressed or implied promise, as a guarantee or implication that Clients will profit profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited.

Risk Warning. 7.1. The Client unreservedly accepts, acknowledges and understands that CFDs trading: • is highly speculative; • carry a high level of financial risk, as they are subject to excessive price fluctuations which may cause substantial losses; • in the case of CFDs with underlying asset a virtual currency, there might be sudden changes in prices of certain instruments. This can happen during economic events or market announcements or geopolitical events, news, or even due to adverse media or fake news. Gaps can occur when markets open or close or even during normal trading hours. If the market is closed when these factors occur, the opening price of the underlying asset can be substantially different from the closing price, giving you no opportunity to close your trade in-between. Pricing gaps can result in losses. Therefore, CFDs on virtual currencies may be subject to large price fluctuations and in some instances, due to the early stages of their lifecycle, they may lose entire value. • the losses may include all of the Client’s investment and also any additional commissions and other expenses; • is only suitable for persons who are able to cope with the associated risks by bearing the financial losses; • the Company does not guarantee the capital of the Client’s Account or its value at any time or any money invested in any Financial Instrument; 7.2. When trading in CFDs, the Client is trading on the outcome of the price of an Underlying Asset and that trading does not occur on a regulated market but over-the- the-counter (OTC). The Client accepts that TIO Markets Xxxxx Tradex is the only execution venue, which is a non-regulated market. 7.3. Since virtual currencies are trading on various exchanges worldwide (non- non-centralized), and since we derive our pricing from certain exchanges, our pricing might be significantly different than prices from other exchanges. You should understand the above, and maintain your account balance accordingly, knowing that our prices can be different from prices observed elsewhere. 7.4. TIO Markets Xxxxx Tradex shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided. Any opinions, news, research, analyses, prices, or other information contained on this Website are provided as general market commentary, and do not constitute investment advice. The Company will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. 7.5. The contents of any report provided should not be construed as an expressed or implied promise, as a guarantee or implication that Clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited.

Risk Warning. 7.1. The Client unreservedly accepts, acknowledges and understands that CFDs trading: • is highly speculative; • carry a high level of financial risk, as they are subject to excessive price fluctuations which may cause substantial losses; • in the case of CFDs with underlying asset a virtual currency, there might be sudden changes in prices of certain instruments. This can happen during economic events or market announcements or geopolitical events, news, or even due to adverse media or fake news. Gaps can occur when markets open or close or even during normal trading hours. If the market is closed when these factors occur, the opening price of the underlying asset can be substantially different from the closing price, giving you no opportunity to close your trade in-between. Pricing gaps can result in losses. Therefore, CFDs on virtual currencies may be subject to large price fluctuations and in some instances, due to the early stages of their lifecycle, they may lose entire value. • the losses may include all of the Client’s investment and also any additional commissions and other expenses; • is only suitable for persons who are able to cope with the associated risks by bearing the financial losses; • the Company does not guarantee the capital of the Client’s Account or its value at any time or any money invested in any Financial Instrument; 7.2. When trading in CFDs, the Client is trading on the outcome of the price of an Underlying Asset and that trading does not occur on a regulated market but over-the- the-counter (OTC). The Client accepts that TIO Markets BitStock Investment is the only execution venue, which is a non-regulated market. 7.3. Since virtual currencies are trading on various exchanges worldwide (non- non-centralized), and since we derive our pricing from certain exchanges, our pricing might be significantly different than prices from other exchanges. You should understand the above, and maintain your account balance accordingly, knowing that our prices can be different from prices observed elsewhere. 7.4. TIO Markets BitStock Investment shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided. Any opinions, news, research, analyses, prices, or other information contained on this Website are provided as general market commentary, and do not constitute investment advice. The Company will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. 7.5. The contents of any report provided should not be construed as an expressed or implied promise, as a guarantee or implication that Clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited.

Risk Warning. 7.1. The Client unreservedly accepts, acknowledges and understands that CFDs trading: • is highly speculative; • carry a high level of financial risk, as they are subject to excessive price fluctuations which may cause substantial losses; • in the case of CFDs with underlying asset a virtual currency, there might be sudden changes in prices of certain instruments. This can happen during economic events or market announcements or geopolitical events, news, or even due to adverse media or fake news. Gaps can occur when markets open or close or even during normal trading hours. If the market is closed when these factors occur, the opening price of the underlying asset can be substantially different from the closing price, giving you no opportunity to close your trade in-between. Pricing gaps can result in losses. Therefore, CFDs on virtual currencies may be subject to large price fluctuations and in some instances, due to the early stages of their lifecycle, they may lose entire value. • the losses may include all of the Client’s investment and also any additional commissions and other expenses; • is only suitable for persons who are able to cope with the associated risks by bearing the financial losses; • the Company does not guarantee the capital of the Client’s Account or its value at any time or any money invested in any Financial Instrument; 7.2. When trading in CFDs, the Client is trading on the outcome of the price of an Underlying Asset and that trading does not occur on a regulated market but over-the- the-counter (OTC). The Client accepts that TIO Markets GT Tradex is the only execution venue, which is a non-regulated market. 7.3. Since virtual currencies are trading on various exchanges worldwide (non- non-centralized), and since we derive our pricing from certain exchanges, our pricing might be significantly different than prices from other exchanges. You should understand the above, and maintain your account balance accordingly, knowing that our prices can be different from prices observed elsewhere. 7.4. TIO Markets GT Tradex shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided. Any opinions, news, research, analyses, prices, or other information contained on this Website are provided as general market commentary, and do not constitute investment advice. The Company will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. 7.5. The contents of any report provided should not be construed as an expressed or implied promise, as a guarantee or implication that Clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited.

Risk Warning. 7.1. The Client unreservedly accepts, acknowledges and understands that CFDs trading: • is highly speculative; • carry a high level of financial risk, as they are subject to excessive price fluctuations which may cause substantial losses; • in the case of CFDs with underlying asset a virtual currency, there might be sudden changes in prices of certain instruments. This can happen during economic events or market announcements an- nouncements or geopolitical events, news, or even due to adverse media or fake news. Gaps can occur when markets open or close or even during normal trading hours. If the market is closed when these factors occur, the opening price of the underlying asset can be substantially substan- tially different from the closing price, giving you no opportunity to close your trade in-betweenbe- tween. Pricing gaps can result in losses. Therefore, CFDs on virtual currencies may be subject to large price fluctuations and in some instances, due to the early stages of their lifecycle, they may lose entire value. • the losses may include all of the Client’s investment and also any additional commissions and other expenses; • is only suitable for persons who are able to cope with the associated risks by bearing the financial losses; • the Company does not guarantee the capital of the Client’s Account or its value at any time or any money invested in any Financial InstrumentFinancialInstrument; 7.2. When trading in CFDs, the Client is trading on the outcome of the price of an Underlying Asset and that trading does not occur on a regulated market but over-the- counter (OTC). The Client accepts that TIO Markets is the only execution venue, which is a non-regulated market. 7.3. Since virtual currencies are trading on various exchanges worldwide (non- centralized), and since we derive our pricing from certain exchanges, our pricing might be significantly different differ- ent than prices from other exchanges. You should understand the above, and maintain your account balance accordingly, knowing that our prices can be different from prices observed elsewhere. 7.4. TIO Markets shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided. Any opinions, news, research, analysesanal- yses, prices, or other information contained on this Website are provided as general market commentary, and do not constitute investment advice. The Company will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly di- rectly or indirectly from use of or reliance on such information. 7.5. The contents of any report provided should not be construed as an expressed or implied promise, as a guarantee or implication that Clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited.

Risk Warning. 7.1. The Client unreservedly accepts, acknowledges and understands that CFDs trading: • is highly speculative; • carry a high level of financial risk, as they are subject to excessive price fluctuations which may cause substantial losses; • in the case of CFDs with underlying asset a virtual currency, there might be sudden changes in prices of certain instruments. This can happen during economic events or market announcements or geopolitical events, news, or even due to adverse media or fake news. Gaps can occur when markets open or close or even during normal trading hours. If the market is closed when these factors occur, the opening price of the underlying asset can be substantially different from the closing price, giving you no opportunity to close your trade in-between. Pricing gaps can result in losses. Therefore, CFDs on virtual currencies may be maybe subject to large price fluctuations and in some instances, due to the early stages of their lifecycle, they may theymay lose entire value. • the losses may include all of the Client’s investment and also any additional commissions and other expenses; • is only suitable for persons who are able to cope with the associated risks by bearing the financial losses; • the Company does not guarantee the capital of the Client’s Account or its value at any time or any money invested in any Financial Instrument; 7.2. When trading in CFDs, the Client is trading on the outcome of the price of an Underlying Asset and that trading does not occur on a regulated market but over-the- the-counter (OTC). The Client accepts that TIO Markets TIOmarkets is the only execution venue, which is a non-regulated market. 7.3. Since virtual currencies are trading on various exchanges worldwide (non- non-centralized), and since we derive our pricing from certain exchanges, our pricing might be significantly different than prices from other exchanges. You should understand the above, and maintain your account balance accordingly, knowing that our prices can be different from prices observed elsewhere. 7.4. TIO Markets TIOmarkets shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided. Any opinions, news, research, analyses, prices, or other information contained on this Website are provided as general market commentary, and do not constitute investment advice. The Company will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. 7.5. The contents of any report provided should not be construed as an expressed or implied promise, as a guarantee or implication that Clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited.

Risk Warning. 7.1. The Client unreservedly accepts, acknowledges and understands that CFDs trading: • is highly speculative; • carry a high level of financial risk, as they are subject to excessive price fluctuations which may cause substantial losses; • in the case of CFDs with underlying asset a virtual currency, there might be sudden changes in prices of certain instruments. This can happen during economic events or market announcements an- nouncements or geopolitical events, news, or even due to adverse media or fake news. Gaps can occur when markets open or close or even during normal trading hours. If the market is closed when these factors occur, the opening price of the underlying asset can be substantially substan- tially different from the closing price, giving you no opportunity to close your trade in-betweenbe- tween. Pricing gaps can result in losses. Therefore, CFDs on virtual currencies may be subject to large price fluctuations and in some instances, due to the early stages of their lifecycle, they may lose entire value. • the losses may include all of the Client’s investment and also any additional commissions and other expenses; • is only suitable for persons who are able to cope with the associated risks by bearing the financial losses; • the Company does not guarantee the capital of the Client’s Account or its value at any time or any money invested in any Financial Instrument; 7.2. When trading in CFDs, the Client is trading on the outcome of the price of an Underlying Asset and that trading does not occur on a regulated market but over-the- counter (OTC). The Client accepts that TIO Markets A1 Trading Option is the only execution venue, which is a non-regulated market. 7.3. Since virtual currencies are trading on various exchanges worldwide (non- centralized), and since we derive our pricing from certain exchanges, our pricing might be significantly different differ- ent than prices from other exchanges. You should understand the above, and maintain your account balance accordingly, knowing that our prices can be different from prices observed elsewhere. 7.4. TIO Markets A1 Trading Option shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided. Any opinions, news, research, analysesanal- yses, prices, or other information contained on this Website are provided as general market commentary, and do not constitute investment advice. The Company will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly di- rectly or indirectly from use of or reliance on such information. 7.5. The contents of any report provided should not be construed as an expressed or implied promise, as a guarantee or implication that Clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited.

Risk Warning. 7.1. The Client unreservedly accepts, acknowledges and understands that CFDs trading: • is highly speculative; • carry a high level of financial risk, as they are subject to excessive price fluctuations which may cause substantial losses; • in the case of CFDs with underlying asset a virtual currency, there might be sudden changes in prices of certain instruments. This can happen during economic events or market announcements or geopolitical events, news, or even due to adverse media or fake news. Gaps can occur when markets open or close or even during normal trading hours. If the market is closed when these factors occur, the opening price of the underlying asset can be substantially different from the closing price, giving you no opportunity to close your trade in-between. Pricing gaps can result in losses. Therefore, CFDs on virtual currencies may be subject to large price fluctuations and in some instances, due to the early stages of their lifecycle, they may lose entire value. • the losses may include all of the Client’s investment and also any additional commissions and other expenses; • is only suitable for persons who are able to cope with the associated risks by bearing the financial losses; • the Company does not guarantee the capital of the Client’s Account or its value at any time or any money invested in any Financial Instrument; 7.2. When trading in CFDs, the Client is trading on the outcome of the price of an Underlying Asset and that trading does not occur on a regulated market but over-the- counter (OTC). The Client accepts that TIO Markets Stock Trades Fx is the only execution venue, which is a non-regulated market. 7.3. Since virtual currencies are trading on various exchanges worldwide (non- centralized), and since we derive our pricing from certain exchanges, our pricing might be significantly different than prices from other exchanges. You should understand the above, and maintain your account balance accordingly, knowing that our prices can be different from prices observed elsewhere. 7.4. TIO Markets Stock Trades Fx shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided. Any opinions, news, research, analyses, prices, or other information contained on this Website are provided as general market commentary, and do not constitute investment advice. The Company will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. 7.5. The contents of any report provided should not be construed as an expressed or implied promise, as a guarantee or implication that Clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited.

Risk Warning. 7.1. 7.1 The Client unreservedly accepts, acknowledges and understands that CFDs trading: • is highly speculative; • carry a high level of financial risk, as they are subject to excessive price fluctuations which may cause substantial losses; • in the case of CFDs with underlying asset a virtual currency, there might be sudden changes in prices of certain instruments. This can happen during economic events or market announcements or geopolitical events, news, or even due to adverse media or fake news. Gaps can occur when markets open or close or even during normal trading hours. If the market is closed when these factors occur, the opening price of the underlying asset can be substantially different from the closing price, giving you no opportunity to close your trade in-between. Pricing gaps can result in losses. Therefore, CFDs on virtual currencies may be subject to large price fluctuations flactuations and in some instances, due to the early stages of their lifecycle, they may lose entire value. • the losses may include all of the Client’s investment and also any additional commissions and other expenses; • is only suitable for persons who are able to cope with the associated risks by bearing the financial losses; • the Company does not guarantee the capital of the Client’s Account or its value at any time or any money invested in any Financial Instrument; 7.2. 7.2 When trading in CFDs, the Client is trading on the outcome of the price of an Underlying Asset and that trading does not occur on a regulated market but over-the- the-counter (OTC). The Client accepts that TIO Markets FXPRIMUS is the only execution venue, which is a non-regulated market. 7.3. 7.3 Since virtual currencies are trading on various exchanges worldwide (non- non-centralized), and since we derive our pricing from certain exchanges, our pricing might be significantly different than prices from other exchanges. You should understand the above, and maintain your account balance accordingly, knowing that our prices can be different from prices observed elsewhere. 7.4. TIO Markets 7.4 FXPRIMUS shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided. Any opinions, news, research, analyses, prices, or other information contained on this Website are provided as general market commentary, and do not constitute investment advice. The Company will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. 7.5. 7.5 The contents of any report provided should not be construed as an expressed or implied promise, as a guarantee or implication that Clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited.

Risk Warning. 7.1. The Client unreservedly accepts, acknowledges and understands that CFDs trading: • is highly speculative; • carry a high level of financial risk, as they are subject to excessive price fluctuations which may cause substantial losses; • in the case of CFDs with underlying asset a virtual currency, there might be sudden changes in prices of certain instruments. This can happen during economic events or market announcements or geopolitical events, news, or even due to adverse media or fake news. Gaps can occur when markets open or close or even during normal trading hours. If the market is closed when these factors occur, the opening price of the underlying asset can be substantially different from the closing price, giving you no opportunity to close your trade in-between. Pricing gaps can result in losses. Therefore, CFDs on virtual currencies may be subject to large price fluctuations and in some instances, due to the early stages of their lifecycle, they may lose entire value. • the losses may include all of the Client’s investment and also any additional commissions and other expenses; • is only suitable for persons who are able to cope with the associated risks by bearing the financial losses; • the Company does not guarantee the capital of the Client’s Account or its value at any time or any money invested in any Financial Instrument; 7.2. When trading in CFDs, the Client is trading on the outcome of the price of an Underlying Asset and that trading does not occur on a regulated market but over-the- the-counter (OTC). The Client accepts that TIO Markets Estock FX is the only execution venue, which is a non-regulated market. 7.3. Since virtual currencies are trading on various exchanges worldwide (non- non-centralized), and since we derive our pricing from certain exchanges, our pricing might be significantly different than prices from other exchanges. You should understand the above, and maintain your account balance accordingly, knowing that our prices can be different from prices observed elsewhere. 7.4. TIO Markets Estock FX shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided. Any opinions, news, research, analyses, prices, or other information contained on this Website are provided as general market commentary, and do not constitute investment advice. The Company will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. 7.5. The contents of any report provided should not be construed as an expressed or implied promise, as a guarantee or implication that Clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited.