Risk Disclosure

1.1 The products offered by Bullion FX are leveraged instruments. A small movement in the price of the underlying asset can result in a much larger movement — favourable or adverse — in the value of your position. Losses can exceed the amount you initially commit to a single trade, and in extreme market conditions losses may exceed the cash balance of your account.

1.2 You should only trade with risk capital, which is money you can afford to lose without affecting your standard of living. You should not borrow to fund a trading account, and you should not allocate to leveraged trading any funds that you may need for essential purposes within a short timeframe.

2.1 Volatility, liquidity, news releases, and exchange or venue outages can all affect the price at which an order is filled, the speed at which a fill is confirmed, and the integrity of stop and limit orders. Slippage — the difference between the price you requested and the price at which the order is actually executed — is a normal feature of fast-moving markets.

2.2 The trading platform may, on rare occasions, experience latency or unavailability for reasons outside our reasonable control, including upstream network issues and third-party outages. While we maintain redundancy and monitor uptime, we cannot guarantee that the platform will be available at any given moment, and we are not responsible for losses arising from temporary unavailability.

3.1 Cryptocurrency CFDs are cash-settled derivatives referencing underlying crypto assets. Their price can move sharply and without warning, including over weekends and holidays when other markets are closed. Liquidity on crypto venues can be thinner during these windows, which may cause wider spreads and increased slippage.

3.2 The underlying crypto markets can also be affected by blockchain-level events, custody disputes, exchange failures, and rapidly-evolving regulatory action in different jurisdictions. We pass none of these custody risks to you because we settle all crypto CFDs in USD and you do not take on-chain delivery, but the price referenced for settlement is derived from venues we do not control.

4.1 Bullion FX is not authorised in, and does not solicit clients from, the United States. If you reside in the United States, you must not open an account or use our services. We will reject onboarding applications from the United States and we will not knowingly maintain accounts for US residents.

4.2 Even within jurisdictions where our services are available, leveraged-derivative trading may be regulated, restricted, or taxed differently. You are responsible for confirming that your participation in these markets is lawful where you live, and for reporting any gains or losses to your local tax authority as required.

5.1 Track records published on the Bullion FX website — including those of copy-trading strategy managers — are computed from real closed trades and refreshed periodically. They are not a guarantee that future results will match past results. Strategies that have performed well in one market regime may perform poorly in another, and historical returns can be reversed by a single adverse event.

5.2 Allocating capital to a copy-trading strategy is not a substitute for understanding the strategy itself, the instruments it trades, and the risk profile of the manager. You retain full responsibility for monitoring your allocation and adjusting or withdrawing it at your discretion.

6.1 By opening an account, funding it, or placing any order, you acknowledge that you have read and understood this Risk Disclosure, that the products offered by Bullion FX are not suitable for everyone, and that you accept the risks described in this notice. If you do not understand any part of this notice, you should seek independent financial advice before opening an account or trading.