The purpose of this notice is to describe the major risks of foreign exchange transaction. This is a general risk warning to the investors (you, your, clients, customers) and the Information provided herein is of a general nature dealing with all the products offered by Valeurs Capital Limited (we, our, us, “VCL”).
We follow a simple 5 step process to get you startedTHIS RISK WARNING NOTICE CANNOT AND DOES NOT DISCLOSE ALL OF THE RISKS OF TRADING IN FOREIGN EXCHANGE WITH VCL.
It is very important that you read and comprehend the following risks associated with trading foreign exchange before you begin trading with your VCL account.
VCL aims to provide clients with the best execution available and to get all orders filled at the requested rate. However, there are times when, due to an increase in volatility or volume, orders may be subject to slippage and difference may exist between the raw price and the final price. Slippage most commonly occurs during fundamental news events or periods of limited liquidity. It may also occur after trading hours that may impact the next day opening price. In case of such events the pending positions or orders cannot be altered or modified. Therefore, risks exist involved in holding open positions during this time. In this regard, VCL doesn’t bear any responsibility for any trading losses you might incur as a result of slippage or disparity between final price and raw price.
VCL’s content, services, and investments are not intended for residents in any country where such distribution or use would be contrary to local law or regulation. Visitors to this website or the VCL platform are responsible for understanding the terms and conditions, and shall not be considered a solicitation to any person in any authority where such an act would be illegal. Please contact us should any questions or concerns arise.
I. The Client and not the Company shall be responsible for the risks of financial losses caused by failure, malfunction, interruption, disconnection or malicious actions of information, communication, electricity, electronic or other systems.
II. If the Client undertakes transactions on an electronic system, he will be exposed to risks associated with the system including the failure of hardware, software, servers, communication lines and internet failure. The result of any such failure may be that his order is either not executed according to his instructions or it is not executed at all. The Company does not bear any liability in the case of such a failure.
III. The Company has no responsibility if unauthorized third persons gain access to Client information, including electronic addresses, electronic communication and personal data, access data when this is due to the Client’s negligence or when the above are transmitted between the Company and the Client or any other party, using the internet or other network communication facilities, telephone, or any other electronic means or post.
IV. The Client acknowledges that the unencrypted information transmitted by e-mail is not protected from any unauthorized access.
V. At times of excessive deal flow the Client may have some difficulties to be connected over the phone or the Company’s system(s), especially in volatile Market (for example, when key macroeconomic indicators are released).
VI. The Client acknowledges that the internet may be subject to events which may affect his access to the Company’s system(s), including but not limited to interruptions or transmission blackouts, software and hardware failure, internet disconnection, public electricity network failures or hacker attacks. Unless otherwise specified at the Agreement, the Company is not responsible for any damages or losses resulting from such events which are beyond its control or for any other losses, costs, liabilities, or expenses (including, without limitation, loss of profit) which may result from the Client’s inability to access the Company’s Systems or delay or failure in sending orders or Transactions.
VII. The Client is warned that while trading in an electronic platform he assumes risk of financial loss which may be a consequence of amongst other things: a. Failure of Client’s devices, software and poor quality of connection. b. The Company’s or Client’s hardware or software failure, malfunction or misuse. c. Improper work of Client’s equipment. d. Wrong setting of Client’s Terminal. e. Delayed updates of Client’s Terminal.
VIII. In connection with the use of computer equipment, data and voice communication networks, the Client solely bears the following risks, amongst other risks, in which cases the Company has no liability of any resulting loss (unless otherwise specified at the Agreement): a. Power cut of the equipment on the side of the Client or the provider, or communication operator (including voice communication) that serves the Client. b. Physical damage (or destruction) of the communication channels used to link the Client and provider (communication operator), provider, and the trading or information server of the Client. c. Outage (unacceptably low quality) of communication via the channels used by the Client, or the channels used by the provider, or communication operator (including voice communication) that are used by the Client. d. Wrong or inconsistent with requirements settings of the Client Terminal. e. Untimely update of the Client Terminal. f. When carrying out transactions via the telephone (land or cell phone lines) voice communication, the Client runs the risk of problematic dialing, when trying to reach an employee of the broker service department of the Company due to communication quality issues and communication channel loads. g. The use of communication channels, hardware and software, generate the risk of non-reception of a message (including text messages) by the Client from the Company. h. Malfunction or non-operability of the trading system (platform), which also includes the Client Terminal. i. Outage (unacceptably low quality) of communication via the channels used by the Company, in particular physical damage (destruction) of the communication channels by third parties. The client is also hereby informed that VCL reserves the right to retract, reverse or nullify a client initiated transaction if VCL or its affiliates have sufficient reason to believe that a particular transaction was part of or has traces of fraud, manipulation, market misappropriation, or system rigging by external or internal entities. The client agrees to indemnify VCL or its affiliates of any charges or dues that VCL may incur by acting Suo-moto on such transactions. Any decision taken by VCL and its management regarding such transaction would be final and binding on clients and client of client.