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Risk Disclaimer


Before engaging in foreign exchange or precious metals trading, you must be aware of the risks which may be involved in such trading. You should not enter into a transaction unless you fully understand.

A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit; this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, or to maintain sufficient usable margin in your account, your position may be liquidated at a loss without notice.

Market conditions liquidity or the operation of the rules of certain markets (suspension of trading in any currency because of price limits, government intervention) may increase the risk of loss by making it difficult or impossible to effect transaction or liquidate positions.
Before you begin to trade, you should obtain a clear explanation of all commission, fees, markups, rollovers, interest rate differential and other charges for which you will be liable. These charges will affect your net profit or increase your loss.

Transaction on currencies of other countries in other jurisdictions, including markets formally linked to a domestic market, may expose you to additional risk. Such markets may be subject to regulation which may offer different or diminished investor protection. Before you trade you should inquire about any rules relevant to your particular transaction. Your local regulatory authority will be unable to compel the enforcement of the rules of regulatory authorities or market in other jurisdictions where your transaction has been effected. You should ask the firm with which you deal for details about the types of orders available your home jurisdiction and other relevant jurisdictions before you start to trade.

Many electronic trading facilities are supported by computer base component systems for the order-routing, execution or matching of trades. As with all facilities and systems, they are vulnerable to temporary disruption or failure. Your ability to recover certain losses may be subject to limits on liability imposed by the system provider, the market, the bank or financial institution. Foreign Exchange trading with Nobelfx is not conducted on any futures or stock exchange and is not subject to the rules of any future or stock exchange.

Trading on an electronic trading system may differ not only from trading in the interbank market but also from trading on other electronic trading system. If you undertake transaction on an electronic trading system, you will be exposed to risk associated with the system including the failure of hardware and software. The result of any system failure may be that your order is either not executed according to your instruction or is not executed at all.
DISCLAIMER: (following factors can affect)

1) Internet and System Failure: As Nobelfx does not control signal power, its reception or routing via internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failure, distortions, delay, when you trade online via internet. Furthermore ,any losses or forgone profits in Traderís account are the responsibility of the trader and not Nobelfx , even if software, hardware, or other system failure or errors contributed to such losses or foregone profit.
2) Market risks and online trading: Trading currencies involve substantial risk that is not suitable for everyone. Trading online, no matter how convenient or efficient, does not necessarily reduce risks associated with currency trading.
3) Password protection: The Trader is obligated to keep passwords secret and ensure that third parties do not obtain access to the trading facilities. The Trader will be liable to Nobelfx for trades executed by means of the Traderís password even if such use may be wrongful.


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