Risk Disclaimer

1. Risk Disclaimer in connection with trading in CFDs (Contracts for Difference) on financial markets and the application of automated trading systems

1.1 The customer trades with a customer strategy programmed by the contractor at his own risk and hazard at all times.

1.2 The offer and the instruction for the programming does not constitute any advice or recommendation on the part of the contractor to purchase a security

1.3 The programming by the contractor is carried out entirely independently of any investment decisions, and relates exclusively to the implementation of the customer’s requirements with regard to the software.

1.4 The contractor does not undertake any advisory function of any kind; the services provided do not constitute any recommendation for trading on the currency market or other financial markets, and also do not constitute any investment advice.

1.5 Nor does the contractor at any time provide any guarantee of success or profit. The programming is always undertaken exclusively in accordance with the existing definitions of the customer.

1.6 Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose all your capital. Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. Seek independent advice if necessary. It should be expressly pointed out here that the potential losses can exceed by many times the amount deposited at your credit institution. Please obtain detailed information concerning your risks.

1.7 It should be expressly pointed out here that the potential losses can exceed by many times the amount deposited at your credit institution. Please obtain detailed information concerning your risks

1.8 The customer bears all risks in respect of any pecuniary losses that may arise. As soon as the customer uses a program created by the contractor with real money, he is aware of his risks concerning possible losses.

1.9 The contractor expressly points out that automated trading systems do not constitute any guarantee of success on the financial markets. No positive back-test or live-test, however long, constitutes a guarantee of any kind with regard to future positive value development.