The notice purpose – disclosure by the westernpips.com company providing to the Client the Trade Monitor program and the adviser of Newest PRO on the terms of the license agreement, information on the risks connected with implementation of trade operations in the financial markets and use of the Trade Monitor program and the adviser of Newest PRO and to warn the Client about the possible financial losses connected with these risks. In this notice all information on all potential risks owing to a variety of possible situations can be not opened.
1. Risk in the Forex market
Trade in currency and CFD (contracts on a difference) is activity with a high risk level, and everyone can far achieve success in this sphere not. Before you will make the decision on becoming the client, we advise you to analyse carefully the investment purposes, available for you in this area experience and readiness for risk. And the most important - don't invest the money you are not afford to lose. Off-exchange transactions are interfaced to numerous risks, including to the risks connected with use of "a credit shoulder", easing or loss of the solvency limited by legal protection of transactions and volatility of the market. All these and many other factors can have considerable impact on market prices and liquidity of the markets.
2. High volatility of tools
A number of tools have considerable intra day ranges of the change in price that means high probability of receiving on trade operations as profits, and losses.
3. Technical risk
3.1. The client assumes risks of financial losses because of malfunctions of information, communication, electronic and other systems.
3.2. At commission of trade operations with use of the Trade Monitor program and the adviser of Newest PRO, the Client assumes risks of financial losses which can arise owing to:
a) Failures in hardware, the software and a bad communication quality on the party of the Client;
b) Inadequate work of the equipment of the Client, including VPS (VDS) of servers of the client where it is installed and the Trade Monitor program and the adviser of Newest PRO works;
c) Wrong settings of the Trade Monitor program and adviser of Newest PRO;
d) Use of versions of the adviser of Newest PRO modified by the client, acquired at the third parties downloaded on any other sites, except "westernpips.com";
e) Ignorances by the Client of the instructions described in "The user's guide to the adviser of Newest PRO" and in the section "Reference" of the Trade Monitor program.
4.1 The client assumes risk of any financial losses caused by that he didn't receive or received with a delay any message from the westernpips.com Company;
4.2 The westernpips.com company, reserves the rights not to respond to letters of the client, for any reasons to the blocked clients;
4.3 Non-execution conditions of the license agreement, involves blocking of the client.
5. Force major circumstances
The client assumes risks of the financial losses caused by force major circumstances.
6. Ban and the restrictions set by the legislation
The client assumes financial and other risks in a case when implementation of operations (and the related actions) in the financial markets is forbidden or limited to the legislation of the country of continuous accommodation of the Client.
7. The risks which aren't depending on the westernpips.com company
Before using the Trade Monitor program and the adviser of Newest PRO, attentively study preventions of risk of the dealing center (broker) whom you chose for trade. Also study its regulations and the client agreement. The westernpips.com company doesn't bear the liability for damages, received owing to unfair robots of the dealing center (broker), and also any disputable situations related.
8. Hypothetical performance results have many inherent limitations, some of which are described below
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.