Risk Statement for Gold and Silver Trading
Risk Statement for Gold and Silver Trading Customers should carefully consider whether gold and silver trading is suitable for customers based on their personal financial situation, experience, investment objectives and risk tolerance. Clients should seek independent legal and/or financial professional advice before conducting any gold and silver trading. Please pay attention to the following main risks related to gold and silver trading.
- Gold and silver prices can go up or down and can even be very volatile. Buying and selling gold and silver may not necessarily be profitable, but may incur losses.
- Before conducting any gold and silver trading, the client should first understand the nature of the contract to be entered into (and the relevant contractual relationship) and the degree of risk that the client must bear in this regard. Clients should carefully evaluate their suitability to participate in such transactions based on their own investment experience, investment objectives, financial resources and other relevant conditions.
- Customers should carefully study all terms and conditions when opening an account. After the operator sends the account name and password to the customer, the customer should keep it properly, and do not provide the password to any person/organization to trade or handle any matters on their behalf; if the loss is caused by providing the password to others, the customer shall bear the relevant consequences.
- If customers listen to the opinions of any person/institution and conduct transactions, they shall bear the relevant risks.
- Before starting a transaction, the client should have a clear understanding of all commissions, fees or other charges that the client must pay. These fees will directly affect the net profit available to the client or increase the client's loss.
- The facility of electronic trading is a computer-based system for order transmission, execution, matching, registration or transaction settlement. However, all facilities and systems may be temporarily interrupted or malfunctioned, and system failure may result in the customer's transaction instructions. Unenforceable, or not enforced at all, and the customer's compensation may be subject to limitations imposed by the system provider, the market and/or operators on their liability. As these limitations of liability can vary, the customer should check with the operator for details in this regard.
- The clerk who conducts transactions for the client may be the counterparty to the transaction conducted by the client.
- If the customer deposits money or other property with the clerk's company for the purpose of conducting transactions, the customer should understand what protection such money or property will receive, especially in the event of bankruptcy or insolvency of the relevant clerk. The amount of money or property that can be recovered may be subject to specific statutory requirements.
- Trading in markets in other jurisdictions may involve additional risks. Depending on the regulations of these markets, the level of protection enjoyed by investors may vary or even be reduced. Before entering into a transaction, the client should first find out all the rules regarding the transaction that the client will conduct. The regulatory authority in the location of the client itself may not necessarily be able to compel the regulatory authority in the location of the transaction that the client has executed to enforce the relevant rules. In view of this, before conducting a transaction, the customer should check with the relevant banker about the types of remedies available in the jurisdiction of the customer's own region and other jurisdictions and relevant details.
- This statement cannot completely cover all the risks involved in the trading of gold and silver. Customers should carefully read the information provided on the trading platform before trading gold and silver.