Finateqs Corp., operating under the trading name SuperForex, having its registered address at Suite 305, Griffith Corporate Center Kingstown, St. Vincent and the Grenadines, registration number 137723, hereinafter collectively referred to as “SuperForex”, we”, or “us”, is authorised.
“The Site” shall refer collectively to superforexglobal.com website and its available language versions and domain names.
“Client” shall refer to any person or entity who registered an account at the Site, or who is using, visiting or otherwise accessing the Site.
This document is a disclosure by SuperForex, of the potential risks involved in trading on financial markets. The document cannot and does not disclose all risks and all other considerable aspects inherent in trading on financial markets. The client should first and foremost be aware of the potential losses related to this activity.
The client hereby acknowledges, understands and agrees that:
Trading is highly speculative and risky
Trading CFDs or any other derivate product is highly speculative, involves a high-degree of risk of loss and may not be appropriate for all clients, but only for those clients who:
The client is the only responsible person for all the losses suffered in his account. Therefore, the client should be prepared that he may lose all of his investments. Clients are advised not to invest money they cannot afford to lose.
Through SuperForex clients can trade CFDs on forex (FX), spot metals, futures and shares.
A Contract for Difference (CFD) is an agreement to buy or sell a contract that reflects the performance of, including among others, FX, precious metals, futures and shares; the profit or loss of is determined by the difference between the price the CFD is bought at and the price the CFD is sold at and vice versa. CFDs are traded on margin and no physical delivery of either the CFD or the underlying asset is occurring. When buying, for instance, CFDs on shares, clients are just speculating on the value of the share to either increase or decrease.
The types of CFDs include, but are not limited to FX CFDs, Futures CFDs, Option CFDs, Share CFDs and Stock Index CFDs.
CFDs fluctuate in value during the day. The price fluctuations of CFDs depend on a number of factors including but not limited to availability access to market information.
CFDs are leveraged products. They offer exposure to the markets while requiring clients to only put down a small margin (‘deposit’) of the total value of the trade. CFDs allow traders to take benefit from prices moving up (take ‘long positions’) or prices moving down (take ‘short positions’) on underlying assets.
Past performance of CFDs does not constitute a reliable indicator of future results.
When executing trading operations under margin trading conditions, even a small market movement may have a great impact on client’s trading account due to the effect of leverage (or ‘gearing’ as it is also referred to). This means that a relatively small market change may lead to a proportionately much larger change in the value of client’s position either favourably or unfavourably. Greater leverage involves greater risk. The size of leverage therefore partly determines the result of the investment.
As CFDs are leveraged products, they carry a higher level of risk to client’s capital as compared to other financial products and can result in large losses. The value of CFDs may increase or decrease depending on the market conditions.
The client hereby acknowledges, warrants and agrees that he understands these risks, is willing and is able, financially and otherwise, to assume the risks of trading CFDs. The client shall hold full responsibility for all risks and financial resources used, as well as the chosen trading strategy.
We recommend maintaining a Margin Level no lower than 1,000%, as well as placing Stop Loss orders to limit potential losses. SuperForex reserves the right to decrease the leverage depending on client’s trading volume.
When clients trade CFDs with SuperForex, clients will be entering into an off-exchange (OTC) derivative transaction, by placing their orders through the trading platform of SuperForex. These OTC transactions could involve greater risk than investing in on-exchange derivatives as there is no exchange market on which to close out an open position. The client must open and close a position with SuperForex that is not transferable to any other person. In this case, the client may be exposed to the risk of SuperForex default.
A counterparty risk refers to the risk of default of one party in a particular transaction and its inability to meet its financial obligations. SuperForex holds clients’ money in an account that is segregated from other clients’ and SuperForex’ money, in compliance with current regulations but this may not afford complete protection.
Clients understand that there may be cases in which a Stop Loss limit is ineffective, for example, where there are rapid price movements or market closure, and Stop Loss limits cannot always prevent clients from losses.
Clients should take into consideration that some financial instruments may not become immediately liquid due, for example, to reduced demand and clients may not be able to trade them quickly enough to prevent a possible loss, or to easily obtain information on the value of these financial instruments or the extent of the associated risks.
CFDs and other financial derivative products are instruments that allow clients to trade on price movements in underlying instruments/markets. Although we offer our own prices at which clients trade CFDs, SuperForex’ prices are derived based on the underlying instruments/markets.
Clients should understand and take into consideration that the fluctuation of the underlying instrument may have effect on the value of the derivative product and can affect client profitability.
Under certain circumstances clients’ trades may not take place immediately. Clients should be aware of “gapping” (time lag) where such events can result in a significant profit or loss on their accounts. Such “gapping” may occur when the underlying instrument/ market is open and when it is closed, or if there is a time lag between the moment the client places its order and the moment the order is carried out. During this period, the market conditions might have moved unfavourably for the client. That is, the order is not carried out at the requested price.
9.1. Technical Risk
9.1.1. Clients shall assume the risk of financial loss caused by the failure of information, communication, electronic and other systems.
9.1.2. When executing trading operations through the Site, the client shall assume the risk of financial loss or damage from any cause or fault whatsoever, including but not limited to the failure of hardware and software (Servers/ Internet), improper functioning and operation of client’s equipment, delayed client terminal updates, wrong settings in client’s terminal, client’s ignorance of the applicable rules described in the MetaTrader User Guide. The result of any such failure may be that client’s orders are either not executed or are not executed according to his instructions.
SuperForex does not accept any liability in the case of such a failure. The use of wireless or dial-up connection or any other form of unstable connection at the client’s end, may result in poor or interrupted connectivity or lack of signal strength causing delays in the data transmission between us and the client when using SuperForex’ Electronic Trading Platform. The delay may cause sending to SuperForex orders that are out of date (at old prices).
9.2. Communication
We bear no responsibility for any loss that arises as a result of delayed or un-received communication sent to clients by SuperForex.
In addition, we bear no responsibility for any loss that arises as a result of unencrypted information sent to clients by SuperForex that has been accessed via unauthorised means.
We bear no responsibility for any un-received or unread internal messages sent to clients through the trading platform.
The client is solely responsible for the privacy of any information contained within the communication received by SuperForex.
Additionally, the client accepts that any loss that arises as a result of unauthorised access of a third party to his trading account is not the responsibility of SuperForex.
9.3. Force Majeure Events
In case of a Force Majeure event the client shall accept any loss arising.
All applicable costs, commissions and fees will be provided to clients by SuperForex or published on the Site. Clients should be aware of such costs, commissions and fees that may be charged and influence the account profitability of the client. All such costs, commissions and fees may be complex to calculate and may be more significant than the gross profits from a trade.
Not all costs are represented in monetary terms (for instance, costs may appear as a percentage of the value of a CFD). SuperForex reserves the right to change, from time to time, any of the costs applicable to trading CFDs and clients understand and agree that the most up-to-date information in relation to costs is available online at the Site.
A swap is the interest added or deducted for holding a position open overnight. Depending on the position held and the interest rates of the currency pair involved in the transaction a client’s trading account may either be credited or debited, accordingly. Clients’ trading accounts are reconciled every day at 23:59:31 (our server time) and the resulting amount shall be automatically converted into the currency that client’s trading account is denominated in.
SuperForex reserves the right to change the level of the swap rate on each financial instrument at any time and clients understand and acknowledge that they shall stay informed about that through the Site. Clients further agree that they will stay informed of the applicable swap value by regularly checking the Site. In addition, clients are responsible for checking the applicable swap value prior to placing an instruction for trading.
Although investing in CFDs does not involve taking physical delivery of the underlying financial instrument independent tax advice should be sought, if necessary, to establish whether the client is subject to any tax, including stamp duty. It is client’s sole responsibility to obtain such information and comply with it accordingly.
The client hereby acknowledges and declares that he has read, understood and accepts without any reservation all the information herein including without limitation the following:
Financial instruments in foreign markets could involve risks different from the usual risks in the market at the client’s country of residence. The prospect of profit or loss from transactions in foreign markets is also influenced by fluctuations of the exchange rate.
When a financial instrument is negotiated in a currency other than the currency of the client’s country of residence, any changes in an exchange rate may affect in a negative way the value, price and performance of the financial instrument.
The value of a financial instrument may decrease and the client may receive less money than invested or the value of the financial instrument may be highly fluctuating. There is a possibility that client’s investment become of no value.
Should you require any additional information about the Risk Disclosure of SuperForex, please contact us at support@superforexglobal.com.
Superforexglobal.com is owned and operated by Superfin Corp. a company with registration number 1671 CTD 2024, with registered address at P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines, and operation address at Landmark Park 7 Tower, P7-37-09 , 208 Nguyen Huu Canh Street, Binh Thanh City, Ho Chi Minh City, Vietnam.
Risk Warning
Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments and level of experience, before trading, and if necessary, seek independent advice. Trading Forex, CFDs, and any financial derivative instruments on margin carries a high level of risk and may not be suitable for all investors, as you could sustain losses. The Company under no circumstances shall be liable to any persons or entity for any loss or damage in the whole or part caused by, resulting from, or relating to any transactions related to CFDs. Botanica Glow (Pty) Ltd. assumes no liability for errors, inaccuracies, or omissions, does not warrant the accuracy, completeness of information, text, graphics, links, or other items within these materials. Botanica Glow (Pty) Ltd. does not offer and does not provide services to residents and citizens of certain jurisdictions, including Australia, Canada, Japan, Thailand, the United States of America and countries sanctioned by the EU.