Libertex, the Company operating this website, provides services related to financial contracts for differences and Forex markets (hereafter collectively referred to as “CFDs”).
Trading CFDs involves substantial risk of loss and may not be suitable for all investors. Trading such high-risk financial contracts may result in the loss of all the Client’s invested capital.
This risk disclosure statement cannot and does not disclose all of the risks associated with services offered by the Company. The aim of this notice is to inform Clients on trading and non-trading risks, which may take place while investing in the highly speculative CFD market and using the services of the Company.
Should the Client consider the risk associated with trading and investing in CFDs (including the use of our services) to be inappropriate, the Client must stop using the services of the Company immediately.
The Client should carefully consider and identify the purpose of each and every deposit he/she makes and never deposit an amount which, if fully lost, would negatively impact the Client’s budget or financial stability. Trading on the foreign exchange market and CFDs is high-risk because of the ongoing possibility of uncontrolled losses.
In order to place a CFD order, every Client is required to maintain a margin. A margin is usually a relatively low portion of the overall contract value. This means that the Client will be trading using “leverage” or “gearing” (the “multiplier feature”). As a result, a relatively small market movement can lead to a much larger movement in the value of the Client’s position. Such movement can work either in favour of or against the Client.
The Client must at all times maintain minimum margin requirements while trading. As such, Clients must carefully consider and maintain enough equity and monitor all running profits and losses. If the market moves against the Client’s position and/or the Margin requirements are increased, it may result in the Company closing the Client’s position(s) on behalf of the Client. Should this closure result in a loss or deficit, the Client remains liable for such losses.
It is important that the Client monitor his/her position(s) closely since the effect of leverage and gearing (the “multiplier feature”) on the Client’s trades drastically increases the speed of profits and/or losses. It is the Client’s responsibility to monitor all of his/her trades. While the Client has open trades, he/she should always ensure that he/she is in a position to do so.
Where Clients undertake transactions on any electronic system, they will be exposed to risks associated with electronic systems, which include the failure of hardware, software, servers, communication lines and general internet failure. The result of any such failure may be that a Client’s order is either not executed according to his/her instructions or is not executed at all.
The Company does not accept any liability in the event of such a failure that is not a direct result of the Company’s gross negligence or willful default. The Company strives on a best-effort basis to provide Clients with a secure and smooth online experience. The Client acknowledges the risk that, should third parties (hackers) launch a coordinated attack against Company systems, there may be a disruption of services that may result in Client losses. The Company does not accept any liability resulting from such attacks to the extent that the Company has taken all reasonable measures on a best-effort basis to fend off such malicious actions/attacks.
Legal restrictions and taxes (Administrative risks)
The Client assumes all risk for operations prohibited by the law of the country of his/her residence. Each Client must notify the appropriate authorities of his/her activities as well as his/her level of income and declare all taxes should he/she be required to do so.
Force majeure circumstances
The Company is not responsible for losses or receiving earned funds that are not in full volume in the event of any force majeure circumstances, namely natural disasters, extraordinary weather conditions, the threat of war, an act of terrorism, revolution, illegal actions by third parties, massive unrest, riot, decisions of state bodies, etc.
2.9M clients worldwide
+250 tradable assets
+120 countries covered
23 years in the market
+40 international awards