Risk Disclosure and Disclaimer

This is a note and disclosure by AYA Markets (Comoros) Ltd (“Company”), which provides services to the Client under the terms and conditions of the Client Agreement, of the potential risks involved in trading financial instruments and making decisions with financial impact. The Client should first and foremost be aware of the potential losses associated with this activity. However, due to the wide range of possible scenarios, this document cannot disclose all risks. The terms used in this document apply in connection with all other regulations of the company.

General Risk Description

CFDs and Forex are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs and Forex work and whether you can afford to take the high risk of losing your money. Trading financial instruments carries a high level of risk and may not be suitable for all investors. This applies in particular to leveraged financial instruments (trading on margin). The high degree of leverage can work against you as well as for you. From a positive value development of a financial instrument in the past, no conclusion can be drawn for future benefits. Due to political, economical or other changes or events, significant losses may occur. In addition, exchange rate fluctuations of foreign currencies can influence profits and losses. Before deciding to trade any financial instrument or making any other decision with financial impact you should carefully consider your investment objectives, level of experience and risk appetite. You should be aware of all the risks and opportunities associated with the trading of the concerned financial instrument or with any other financial decision. Ensure that you fully understand the risks involved. The possibility exists that you could sustain a loss even more than your initial investment. Only invest with money you can afford to lose. If necessary, you should seek independent advice.

Effect of Leverage

When executing trading operations under margin trading conditions, even small market movements may have great impact on a Client’s trading account due to the effect of leverage. The Client must consider that if the trend on the market is against them, the Client may sustain a total loss of their initial margin and any additional funds deposited to maintain open positions. The Client shall hold full responsibility for all risks, financial resources used and the chosen trading strategy.

The company highly recommends maintaining a Margin Level no lower than 1,000%, as well as placing Stop Loss orders to limit potential losses.

Highly Volatile Instruments

Many instruments are traded within wide ranges of intraday price movements so the Client must carefully consider the fact that there is not only high probability of profit, but also of loss.

Technical Risk

The Client shall assume the risk of financial loss caused by the failure of information, communication, electronic and other systems.

When executing trading operations through the client terminal, the Client shall assume the risk of financial loss, which can be caused by:

the failure of Client hardware, software and internet connection;

the improper operation of Client equipment;

the wrong settings in the client terminal;

delayed client terminal updates;

the Client’s ignorance of the applicable rules described in the Trading Software User Guide and in the FAQ/Help section.

The Client acknowledges that at the moment of peak load there may be some difficulties in getting telephone communication with the duty operator, especially on the fast market (for example, when key economic indicators are released).

Abnormal Market Conditions

The Client shall acknowledge that under abnormal market conditions, the execution time for Client instructions may increase.

Trading Platform

The Client shall acknowledge that only one request or instruction is allowed in the queue. Once the Client has sent a request or instruction, any other request or instruction sent by the Client will be ignored. In the “Order” window, the “Order is locked” message will appear.

The Client shall acknowledge that the only reliable source of quoting information is the server for Clients with live accounts. The quote base in the client terminal shall not be considered a reliable source of quoting information, as in the case of a bad connection between the client terminal and the server, some of the quotes simply may not reach the client terminal.

The Client shall acknowledge that when the Client closes the window to place/modify/delete an order, as well as the window to open/close a position, the instruction or request which has been sent to the server will not be cancelled.

The Client shall assume the risk of executing unplanned transactions in the case that the Client sends another instruction before receiving the result from the instruction sent previously.

The Client shall acknowledge that if an order has already been executed but the Client sends an instruction to modify the level of a pending order and the levels of Stop Loss and/or Take Profit orders at the same time, the only instruction that will be executed is the instruction to modify the Stop Loss and/or Take Profit levels on the position opened on that order.

Third Parties

If the Client voluntary or involuntary provides access to his trading account to third parties (third-party trading) or automated trading systems (trading robots/advisors), the Client acknowledges and confirms that he is aware of all the risks associated with third-party trading/using automated trading systems, and hereby indemnifies the Company against any claims and losses incurred by the Client as a result of their activity.

The client agrees that in the event that his trading account is managed by a third party, the Company has the right to request contact details or full verification of the account manager’s identity.

Communications

The Client shall assume the risk of any financial loss caused by the Client either not receiving a notification from the Company.

The Client shall acknowledge that unencrypted information transmitted by email is not protected from unauthorized access.

The Client shall agree that the Company have the right to delete messages sent to the Client through internal mail 3 (three) days after they have been sent, despite the fact that the Client may not have received them yet.

The Client shall hold full responsibility for the safekeeping of information received from the Company and assumes the risk of any financial loss caused by unauthorized access to the Client’s trading account by a third party.

Force Majeure

The Client shall assume all risks of financial loss caused by a force majeure.

Statutory Prohibitions and Restrictions

The Client shall assume all financial and other risks when completing operations (or actions connected with these operations) on financial markets that are statutorily prohibited or restricted by the legislation of the country in which the Client is resident.