Risk Disclosure
Important information about the risks of trading Forex and CFDs.
Last Updated: January 1, 2025
1. Introduction
Trading Foreign Exchange (Forex) and Contracts for Differences (CFDs) carries a high level of risk and may not be suitable for all investors. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. This disclosure provides a summary of the key risks associated with our products, but it does not explain all risks or how such risks apply to your personal circumstances.
2. Leverage Risk
Leverage allows you to control a large position with a relatively small amount of capital. However, while leverage can amplify profits, it also magnifies losses. Even a small market movement against your position may result in substantial losses, potentially exceeding your initial deposit. You should fully understand how leverage works before trading.
3. Volatility Risk
Financial markets can be highly volatile. Prices may fluctuate rapidly and unpredictably due to economic events, geopolitical developments, or market sentiment. Such volatility can lead to significant gains or losses in a short period.
4. Loss of Capital
You may lose some or all of the funds you deposit. You should never trade with money you cannot afford to lose, such as retirement savings, loan proceeds, or funds needed for living expenses. Past performance of any trading strategy or market is not a reliable indicator of future results.
5. Margin Calls and Liquidation
If your account equity falls below the required margin level, we may issue a margin call and/or automatically close your open positions to prevent further losses. You are responsible for monitoring your account and maintaining sufficient margin at all times.
6. Counterparty Risk
ThorForex acts as the counterparty to your trades. This means we are the seller when you buy and the buyer when you sell. In the unlikely event of our insolvency, you may not recover your full investment, as client funds are held in segregated accounts but may be subject to shortfalls in a liquidation scenario.
7. Technical and Operational Risks
Trading platforms rely on technology and internet connectivity. System failures, network delays, software errors, or power outages can prevent you from executing trades or accessing your account. While we strive to maintain reliable systems, we are not liable for losses caused by technical failures beyond our reasonable control.
8. Communication and Reliance on Information
Any market analysis, news, or opinions provided by ThorForex (through our website, emails, or other channels) are for informational purposes only and do not constitute investment advice. You should not rely solely on such information and are encouraged to conduct your own research or consult an independent financial advisor.
9. Jurisdictional Restrictions
Our services are not directed to residents of certain countries, including the United States, Iran, North Korea, and others where such services would be prohibited by local law. It is your responsibility to ensure compliance with all applicable laws in your jurisdiction.
10. No Guarantees
ThorForex does not guarantee any specific outcome or profit. Any references to past performance, simulated results, or trading ideas are purely illustrative and do not represent actual future performance.
11. Acknowledgment of Risk
By opening an account and trading with ThorForex, you acknowledge that you have read, understood, and accepted these risks. You agree that you are solely responsible for any trading decisions and outcomes.
12. Contact Us
If you have any questions about these risks or our services, please contact us:
ThorForexInternational Financial Centre, 8th Floor
London, United Kingdom
Email: support@thorfx.com
Phone: +1 234 567 890