The services of our group companies include products that are traded on margin. The incidental gains and losses may exceed the risk expectations of your deposited funds and may not be suitable for all investors. Please ensure that you fully understand the risks involved. Due to certain restrictions stipulated by local laws and regulations, trading customers may lose all their deposited funds, but they do not have to undertake subsequent payment obligations for profits and losses in excess of the deposited funds.

>Foreign exchange and CFD and commodity CFD trading

1. 1. "Leverage" effect Foreign exchange and CFD and commodity CFD trading carry high risks. Compared with the price of foreign exchange and CFDs and commodity CFDs, the amount of initial guarantee may be relatively small, so that the transaction is leveraged. Even relatively small changes in the market will have a relatively large impact on the funds that customers have or will deposit: this may be beneficial or detrimental to customers. Customers may suffer losses on the initial margin deposited with the company and any additional funds in order to maintain their positions. If the market changes are unfavorable to the customer or the water level increases, the customer may not be able to make a timely margin call to maintain the customer's position and be liquidated in the event of a loss, and the customer will be responsible for the resulting loss.

2.  

3. 2. Orders or strategies to reduce risk. Orders issued to limit losses to a specific amount (such as “Stop Loss” instructions, or “Stop Loss Limit” orders) may not be effective or executed. If the order is a stop-loss limit order, there is no guarantee that the order will be executed at the limit price or will be executed. Some strategies that use position consolidation, such as spreads or same-price pairing, may have the same risks as simply doing "long positions" or "short positions". Additional risks of other foreign exchange and CFD trading and commodity CFD trading

4.  

5. 3. Trading facilities Most of the public outcry and electronic trading facilities are supported by computer-based systems for transaction order transmission, execution, matching, registration and transaction clearing. Like all facilities and systems, they are susceptible to temporary failures. The customer's ability to recover certain losses may be subject to limited liability set by the system provider, market, clearing house, and/or member company. These limited responsibilities may be different.

6.  

7. 4. Electronic transactions Transactions conducted through electronic trading systems may not only be different from transactions in the open outcry market, but also different from transactions in other electronic systems. If a customer engages in transactions through an electronic system, the customer will face the associated risks, including hardware and software failures. System failure may cause customer orders to be difficult to execute in accordance with the customer's instructions or impossible to execute at all.

8.  

9. 5. Off-exchange trading on the exchange In certain jurisdictions, and only under limited circumstances, companies may be allowed to conduct over-the-counter transactions. The company that trades for the client may be the client's counterparty. Mutual Market Co., Ltd. is the customer's direct counterparty in many foreign exchange and CFD transactions and commodity CFD transactions. Exchange Market Co., Ltd. reserves the right to refuse to accept or guarantee any order. Therefore, it may be difficult or impossible to clarify the existing position, assess the value, and determine the fair price to assess the risk. For these reasons, trading may involve greater risks. Over-the-counter transactions may be less regulated or subject to different regulatory systems. Before starting, customers should understand the applicable regulations and accompanying risks.

10.  

11. 6. Transactions in other jurisdictions Transactions in markets in other jurisdictions (including markets officially connected to the local market) may expose customers to other risks. Under those market regulations, investors may receive different protections or even reduce the protection for investors. Before starting a transaction, the customer should inquire about any regulations related to the customer's transaction. The customer's local regulatory agency will not be able to force the implementation of the regulations of the regulatory authority or market in other jurisdictions. Customers should determine and understand the compensation available in their own location and other jurisdictions before starting a transaction.

12.  

13. 7. The conditions and terms of foreign exchange and CFD trading and commodity CFD trading. Customers must inquire about the terms and conditions and corresponding obligations of buying and selling foreign exchange and CFDs and commodity CFDs.

14.  

15. 8. Suspension or restriction of trading and pricing relationship market conditions (such as liquidity) and/or certain market operating regulations (such as any suspension of foreign exchange and CFDs and commodity CFDs due to price restrictions or market suspensions), It is possible to increase the risk of loss, because it has become difficult or impossible to complete the transaction or liquidate and hedge the position. Furthermore, the normal price relationship between related assets and foreign exchange and CFDs and commodity CFDs may no longer exist, and the lack of reference prices for related assets makes it difficult to judge "fairness".

16.  

17. 9. Transaction commissions and other charges Before starting a transaction, customers should understand all commissions, fees and other charges that the customer will pay. These charges will affect possible profits or increase customer losses.

18. 10. Deposited cash and property Customers must be familiar with all relevant content for the protection of money and property deposited for local or foreign transactions, especially when the company's assets are insolvent or bankrupt. The extent to which customers can recover cash and property is subject to specific laws or local rules. In some jurisdictions, when there is a shortfall in the settlement, the property specifically marked as the client's property will be distributed proportionally along with the cash.