Risk Disclosure Statement

Risk disclosure

This risk disclosure statement is intended to inform you of the risks that exist in trading activities that we offer through our site greenballtrading.com. You must recognize that these risks entail a chance of losing money while trading. This disclosure is informational and must not be considered a list of all possible risks. GreenBall Trading Ltd (hereinafter the "Company") agreeing to enter into an agreement with the undersigned (hereinafter referred to as the “Client”, “you”, “your”) for the provision of financial services. The Client acknowledges, understands and agrees that:

1. Trading is very speculative and risky


Trading financial products, including but not limited to financial products with underlying assets of currency pairs, stocks, commodities and indices and the derivatives thereof (hereinafter collectively the "Products"), carries a high level of risk and can result in the loss of all of your investment. As such, the Products may not be appropriate for all investors. You should not invest money that you cannot afford to lose. Before deciding to trade, you should become aware of all the risks associated with trading Products and seek advice from an independent and suitably licensed financial advisor if necessary. Under no circumstances shall the Company or any other entity have any liability to any person or Client or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to the Products or (b) any direct, indirect, special, consequential or incidental damages whatsoever.

2. Instability of financial instruments – Quoting Errors


The quotes of most instruments traded on financial markets may vary considerably over the course of a day, which may bring you a profit as well as a loss. Should a quoting error occur (including responses to Customer requests), the Company is not liable for any resulting errors in account balances and reserves the right to make necessary corrections or adjustments to the relevant Account. Any dispute arising from such quoting errors will be resolved on the basis of the fair market value, as determined by the Company in its sole discretion and acting in good faith and of the relevant market at the time such an error occurred.

3. Over-the-Counter Transactions ("OTC")


When trading/investing in financial products with us, such transactions will not be executed on a recognized or designated investment exchange and are known as OTC transactions. All positions entered into with us must be closed with us and cannot be closed with any other entity. OTC transactions may involve greater risk than investing in on-exchange contracts because there is no exchange market on which to close out an open position. It may be impossible to liquidate an existing position, to assess the value of the position arising from an OTC transaction or to assess the exposure to risk. Bid Prices and Ask Prices need not be quoted by us, based on best execution policies applicable in the market. There is no central clearing and no guarantee by any other party of the Company’s payment obligations to the Customer.

4. Technical risks – Internet Trading


1. We are not responsible and/or liable for financial losses, claims, damages or expenses arising from malfunctions in your electronic, communication, or information systems.
2. When working with the Client terminal, you assume the risks arising from:
♣ Failures in your equipment, software, and connection;
♣ Errors in your Client terminal settings;
♣ Failure to update your version of the Client terminal in a timely manner; and
♣ Your failure to follow the instructions for using the Client terminal.
We are not responsible for errors that occur in the operation of the Client terminal and will not compensate losses resulting from errors in the operation of the Client terminal.

5. Market risks


You agree that if market conditions become abnormal the time required to process your orders and instructions may increase. The Company may, at its sole discretion, stop or suspend your ability to place orders in market conditions which the Company finds extreme or such that do not allow to continue with the regular activity.

6. Risks associated with the laws of individual governments


You also assume responsibility for trading and non-trading operations performed within countries where they are restricted or prohibited by law, and the Company will have no liability if by performing operations with the Company you violate the laws or any other regulations of your jurisdiction.

7. Risks associated with the trading platform


1. All of your instructions are sent to our server and executed in order. Therefore, you cannot send a second order until your previous order has been executed. If a second order is received before the first is processed, the second order will be rejected. You assume responsibility for any unplanned trading operation that may be executed if you resubmit an order before being notified of the results of the first order.
2. You must understand that closing the order window or position window does not cancel a submitted order.
3. You acknowledge that only the quotes received from our server are authoritative. If there is a problem in the connection between your Client terminal and our server, you can retrieve undelivered quote data from the Client terminal's quote database.

8. Communication risks


1. You must be aware of the risk that information sent via unencrypted email shall not be accessed by unauthorized parties.
2. We are not responsible for financial losses arising from delayed or failed receipt of a Company message.
3. You are responsible for the security of the credentials for your Personal Trading Account including but not limited to User Name and Password as well as the confidential information that we send you during the course of our business relationship. We are not responsible for financial losses arising from your voluntary or involuntary disclosure of this information to third parties.

9. Force majeure events


We are not responsible for financial losses arising from force majeure events. These events are extreme and irresistible circumstances that are independent of the will and actions of the parties, that cannot be foreseen, prevented, or eliminated, including but not limited to natural disasters, fires, man-made accidents and disasters, emergencies at utility works and on utility lines, attacks, riots, military actions, terrorist attacks, uprisings, civil unrest, strikes, and the regulatory acts of state- and local government authorities.

10. No guarantees of profit


There are no guarantees of profit nor of avoiding losses when trading/investing in financial products. Customer has received no such guarantees from the Company or from any of its representatives. Customer is aware of the risks inherent in financial products and is financially able to bear such risks and withstand any losses incurred. In no event will we be liable for any loss or damage, including without limitation indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Past performance is no guarantee of future returns. The value of investments and any income from them can go down as well as up.