Common use of THE SERVICES WE PROVIDE Clause in Contracts

THE SERVICES WE PROVIDE. 4.1 We provide you with the ability to trade our Products through our Trading Platform. 4.2 We allow you to trade using leverage, which can magnify your profits but also your losses. You can find out more about the risks associated with trading on leverage in paragraph 6, our Risk Warning Disclosures and on our Website. 4.3 We will act as principal and not as your agent when entering into Transactions. This means you are entering into contracts directly with us to buy and sell financial instruments. We are therefore not entering into a contract with any other person on your behalf. 4.4 You will enter into all Transactions with us on an execution only basis. An "execution only basis" means you will be solely responsible for all investment decisions and actions on your Account. You must therefore rely on your own judgment in respect of all dealings relating to your Account. This includes, but is not limited to, opening, closing, or not opening or closing, a Transaction. 4.5 When you enter into a Transaction with us, you are trading a derivative contract. A derivative is a contract which derives its price from an underlying asset. This underlying asset could (for example) be a share in a company, a commodity such as gold or the change in the exchange rate of currencies. You are therefore trading on potential price movements in the underlying asset, however you will not have any interest in or be entitled to delivery of the underlying asset.