What you can lose, and why, before you trade.
Version 0.1 · Draft for legal review · Last updated [DATE]
CFDs are leveraged products. You can lose your entire deposit quickly. Trading them is not suitable for everyone. Read this document in full before opening an account.
Leverage lets you open a position worth many times your margin. A 0.5% move against a position at 1:200 leverage wipes out the margin on that position. Gains and losses are both magnified.
Prices can move sharply, including between sessions and over weekends, when no trading is possible. A stop-loss order is not guaranteed to fill at its level in a gap. Negative balance protection limits your loss to your deposit but does not prevent the loss of the deposit itself.
If your margin level falls to 20% we will close positions without further notice. You may lose more than you intended if you do not monitor your account.
A CFD is a contract with SFB; you do not own the currency, metal, share or coin. You have no shareholder or delivery rights.
Spreads, commissions and overnight swaps reduce your returns. Holding positions for long periods can cost more than the expected gain.
SFB is your counterparty. Client funds are segregated, but a broker, bank or technology failure can still delay access to your funds or your ability to trade. Internet and platform outages can prevent you from closing positions.
Crypto markets trade 7 days a week, with extreme volatility and wider spreads. Leverage on crypto CFDs is lower and may be reduced further without notice.
Nothing on our website, in our education content or from our staff is a recommendation to trade. Past performance, including any strategy, signal or copied trader, does not predict future results.
You are responsible for any tax on your trading in your country of residence.
By opening an account you confirm that you understand these risks and that you can afford to lose the money you deposit.