The following disclosure statement suggests certain – but not all – risks associated with mining currency (also known as “foreign exchange mining,” “forex,” or “fx”).
Forex mining is speculative and may result in substantial or complete loss of funds, or even losses in excess of your initial margin deposit. It should therefore be undertaken only with “risk capital,” defined as funds that are not necessary to your survival or well-being. It is your responsibility to consider whether foreign exchange mining is suitable for your financial position and investment objectives. If you do not thoroughly understand either the risks involved in Forex mining or our platform various mining rules and policies, you are hereby instructed not to utilize Our Mining platform services. Without limiting the generality of the foregoing, mining involves risks associated with the following factors:
- Spot mining may be leveraged with funds worth hundreds of times more than the value of your margin deposit. Resulting losses may therefore far exceed such deposit.
- Losses may be compounded due to sudden adverse market movements, position build-up, or accumulation of commissions and other charges.
- Execution of orders at a stipulated price, or contingent “stop-loss” or “stop-limit” orders may be impossible or costly due to certain market conditions or fluctuations. You may on short notice be called upon to deposit additional margin funds, the failure of which may result in the liquidation of your position and your liability for any deficit in your account.
By using Our Mining platform you acknowledge that you have read and understand this disclosure.