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Important Notice : Trading Risks Investment and trading on a margin account involves a high level of risk and may not be suitable for all investors . The high degree of leverage can work in your favor as well as against you. It is desirable before you engage in trading operations, taking into account your investment objectives, level of experience and risk appetite. We insist on the fact that the trading of stocks, ??, cfd's, options and other instruments is not suitable for all investors. There is a risk of losing some, ??, or in the case of futures and cfd's, more than all of your initial capital. Each investor must make their own judgments about the appropriateness of investing in any financial product, taking into account the merits and risks associated with it, its own investment strategy and their legal status, tax and financial . You should therefore avoid invest money that you cannot afford to lose. You must be aware of all the risks associated with transactions in financial products and it is recommended, in case of doubt, consult an independent financial adviser. The risk of loss in trading can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. If you purchase or sell Equities, ??, Currencies, CFDs or Options you may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain your position. If the market moves against your position, you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice in order to maintain your position. If you do not provide the required funds within the prescribed time, your position may be liquidated at a loss, and you may be liable for any resulting deficit in your account. Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, ??, when the market makes a "limit move". The placement of contingent orders by you, such as a "stop-loss" ? "stop-limit" ??, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

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