The notice (“Risk Warning Notice”) is provided to you in compliance with the rules of the Financial Conduct Authority (“FCA”). Contracts for Differences (CFDs), Foreign Exchange (FX) & Spread betting are leveraged products & carry a high level of risk to your capital as prices might move rapidly against you. It is possible to lose more than your initial investment & you may be required to make further payments. These products may not be suitable for all clients. Please ensure you fully understand the risks associated & seek independent advice.

The Risk Warning Notice cannot and does not disclose all the risks and other significant aspects of spread betting CFD and Spot FX trading. You should not engage in Spread Betting, CFD’s or Spot FX unless you understand the nature of Spread Betting, CFD and Spot FX trading. How they work, how you make a profit or loss and the extent of your exposure to risk and loss. Note in particular that your losses can be unlimited and no deposit or other amount you have paid (we call this Initial Margin) or Variation Margin will limit your losses. You should be satisfied that Spread Betting, CFD and Spot FX trading is suitable for you in the light of your circumstances and financial position. Although Spread Betting, CFD and Spot FX trading can utilised for the management of investment risk, Spread Betting, CDF and Spot FX trading are unsuitable for many investors. If you are in any doubt we recommend you seek professional advice.

Spread Betting, CFD and Spot FX trading carries a high degree of risk. The “gearing” or leverage” available in Spread Betting CFD and Spot FX trading (i.e. the funds you require at the outset compared to the size of trade you can place) means that a small deposit can lead to large losses as well as gains. It also means that a relatively small movement can lead to a proportionately much larger movement in the size of any profit or loss. Spread Bets CFD`s and Spot FX trades are subject to payment of Variation Margin. If the market moves against you, you may be called upon to pay substantial additional Variation Margin at short notice to maintain your Open positions. If you fail to do so within the time required, your Open positions may be closed at a loss and you will be responsible for the losses incurred. If you decide to engage in Spread Betting CFD and Spot FX trading, you must accept this degree of risk. Spread Bets CFD and Spot FX trades can only be settled in cash. Spread Bets CFD`s and Spot FX trades are not traded on or under the rules of a recognised or designated investment exchange. Consequently, engaging in Spread Betting CFD and Spot FX trading may expose you to substantially greater risks than investments which are so traded.