LetsTrade.com is an educational company and does not warrant the initial capital of the Clients’ portfolio or its value at any time or any money invested in any Financial Instrument.
The Client should completely acknowledge and accept that he runs a great risk of incurring losses and damages as a result of the purchase and/or sale of any Financial Instrument and accepts and confirms that he is prepared to take on this risk.
The Client should completely acknowledge and accept that, regardless of any information which may be offered by the Company, the value of any investment in Financial Instruments may fluctuate downwards or upwards and it is even likely that the investment may become of no value.
The Client should declare that he has read, understands and accepts the following:
1. Information of the previous performance of a Financial Instrument does not guarantee its current and/or future performance. The use of historical data does not establish a binding or reliable prediction as to the corresponding future performance of the Financial Instruments to which the said information mentions.
2. Some Financial Instruments may not become instantly liquid as a result of reduced demand, for example, where the Client may not be in a position to sell them or easily obtain data on the price of these Financial Instruments or the degree of the related risks.
3. A Financial Instrument on foreign markets may involve risks unlike the usual risks of the markets in the Client’s country of residence. In some circumstances, these risks may be larger. The outlook of profit or loss from transactions on foreign markets is also influenced by exchange rate fluctuations.
4. The Client must not purchase a derivative financial instrument unless he is prepared to accept the risks of completely losing all the money which he has invested and similarly of any extra commissions and other charges incurred.
5. A Derivative Financial Instrument (i.e. option, future, forward, swap, contract for difference) may be a non-delivery spot transaction giving an opportunity to make profit on changes in currency rates, commodity, stock market indices or share prices called the fundamental instrument.
6. The Client recognises and accepts that there may be other risks which are not covered above.
The Client should take the risk that his trades in Financial Instruments may be or become conditional on tax and/or any other duty, for example, due to alterations in legislation or his personal conditions. The Company does not guarantee that there will be no outstanding tax and/or any other stamp duty incurred. The Client should be accountable for any taxes and/or any other duty which may accumulate in respect of his trades.
The Client should acknowledge that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Often times 70, 80 or even 90% of the retail investor accounts lose money when trading CFDs and that is why understanding the risk and gaining knowledge are both crucial. The Client should consider whether he understands how CFDs work and whether he can afford to take the high risk of losing his money.