Last Updated On 2nd January 2024
This detailed Risk Warning is provided to highlight the various significant risks associated with using the Services offered by the Company. It is imperative for all Users to understand, evaluate, and acknowledge these risks fully before utilizing the Services.
Comprehensive Understanding of Risks: Engaging with the Company’s Services requires an acknowledgment and acceptance of the inherent risks in trading and asset management. These risks include, but are not limited to, extreme price volatility, market unpredictability, and the potential for complete loss of investment. Users must be aware that the money invested in the market could face substantial or total loss and should only invest what they can afford to lose without impacting their financial stability.
Existence of Additional, Unspecified Risks: Users should be cognizant that trading in any form of assets involves numerous risks that might not be explicitly outlined in the Company’s Terms, Website, App, or platform documentation. These risks could include, among others, technological failures, regulatory changes, market manipulation, and unexpected global economic factors. Users bear the responsibility to continually assess these risks, taking into account their personal financial situation, level of experience, risk tolerance, and investment objectives.
Absence of Personalized Advice: The Company does not provide personalized investment, legal, or tax advice. Any general information provided by the Company should not be taken as specific advice tailored to individual Users’ financial situations or investment objectives. Users are strongly advised to seek independent professional advice before making any investment decisions related to the Services offered by the Company.
Reliance on Third-Party Information: Any information, advice, or recommendations provided by employees or representatives of the Company are given in their personal capacity and should not be considered as endorsed by the Company. Decisions made based on such information are the sole responsibility of the User, and the Company disclaims any liability for losses or damages incurred as a result of reliance on such third-party information.
Market and Liquidity Risks: Users must be aware that asset trading is subject to high market risk and liquidity risk. This includes the possibility of rapid and substantial value changes, and the potential difficulty in selling or liquidating positions, especially during market turmoil or reduced liquidity.
Fees and Charges Impact: The fees and charges imposed by the Company for the use of its Services are subject to change. Users should be fully informed about all applicable fees, as these costs can significantly affect the net gains from using the Services.
Uncertainties in Service Availability: The Company does not guarantee uninterrupted availability of its Services, which may be subject to unplanned outages, maintenance, or network congestion. This may affect the ability to execute trades or access accounts.
Adherence to Legal and Regulatory Requirements: Users are responsible for complying with all legal and regulatory requirements in their respective jurisdictions, particularly regarding taxation of digital assets and reporting of transactions. The Company may perform reporting or withholding of taxes as legally required.
Security and Transactional Risks: Despite the Company’s efforts to maintain robust security measures, all security risks cannot be eliminated. Users are responsible for securing their account information. Digital asset transactions are generally irreversible, and losses due to unauthorized or fraudulent transactions may not be recoverable.
Specific Risks Inherent to Digital Assets: Digital assets are subject to various risks, including technological defects, protocol failures, attacks on underlying technologies, and risks of obsolescence.
Continuous Market and Communication Risks: The asset market operates continuously, and rapid price changes may occur at any time. Users should also be aware of the risks associated with electronic communications, including delays and security risks.
Currency and Regulatory Environment Risks: Fluctuations in currency exchange rates and unforeseen changes in legal and regulatory environments in different jurisdictions may impact the value and legality of digital asset holdings.
User Acknowledgment and Liability: By utilizing the Company's Services or visiting the Website, Users acknowledge these risks and accept that the Company is not liable for losses resulting from these risks. This Risk Warning does not cover all potential risks, and Users are advised to conduct thorough research and seek additional professional advice as necessary for their specific circumstances.