Risk Disclaimer

GXM Trading is a trading name of KW Investments Limited, authorized and regulated by the Seychelles Financial Services Authority (FSA) under license number SD020. This Risk Disclaimer is provided to you in compliance with applicable regulatory requirements and forms an integral part of your agreement with KW Investments Limited.

Trading in CFDs, foreign exchange (Forex), precious metals, energy products, indices, and other financial instruments offered on gxmtrading.com involves substantial risk of loss and is not appropriate for all investors. Before deciding to trade, you should carefully evaluate your investment objectives, level of experience, risk appetite, and financial resources. There is a real possibility that you may sustain a loss of some or all of your invested capital, and therefore you should not invest funds that you cannot afford to lose.

The information provided on the GXM Trading website, including market analysis, trading signals, educational materials, and any other content, is provided for general informational purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instrument.

Trading on margin (leverage) means that you can open positions that are significantly larger than your initial deposit. While leverage can amplify your profits, it equally amplifies your losses. A relatively small adverse market movement can result in substantial losses that may exceed your original investment.

• Margin requirements may change without prior notice, and you may be required to deposit additional funds at short notice to maintain your open positions. Failure to meet a margin call may result in the automatic liquidation of some or all of your positions at a loss.
• Stop-loss orders and other risk-management tools may not always protect you against losses, particularly during periods of extreme market volatility when prices may gap through your specified levels.
• Negative balance scenarios can arise in extreme market conditions where your account balance may fall below zero, meaning you could owe more than your initial deposit.
• Total loss of funds is possible. You should only trade with money you can afford to lose in its entirety, and you should never borrow money or use funds earmarked for essential living expenses for the purpose of trading.

Financial markets are inherently volatile. Prices of CFDs and underlying instruments can fluctuate rapidly and unpredictably due to a wide range of factors, including but not limited to economic data releases, geopolitical events, central bank announcements, natural disasters, and changes in market sentiment.

• Price gaps occur when market prices jump from one level to another without trading at intermediate levels, particularly at market openings or following major news events. This may result in your orders being executed at prices significantly different from the price you intended.
• Slippage refers to the difference between the expected price of a trade and the price at which it is actually executed. Slippage can occur during periods of high volatility, fast-moving markets, or low liquidity, and may be either positive or negative.
• Liquidity risk means that under certain market conditions, it may be difficult or impossible to liquidate a position, place a stop-loss order, or obtain a fair price. This is particularly relevant for less commonly traded instruments or during off-peak trading hours.
• Weekend and holiday risk arises because markets may open at substantially different prices from their previous close, and you may be unable to close positions during such periods, exposing you to additional risk.

When you trade CFDs with GXM Trading (operated by KW Investments Limited), you are entering into an over-the-counter (OTC) transaction directly with the Company as your counterparty. These transactions are not executed on a regulated exchange and are therefore not afforded the same protections as exchange-traded instruments.

• Counterparty risk means that the Company acts as the counterparty to your trades. Consequently, you are exposed to the financial and business risk of the Company, including the risk of the Company's insolvency or default.
• Execution risk may arise during periods of high market volatility or system congestion, where there may be delays in the execution of your orders. Orders may be executed at prices that differ materially from the quoted price at the time of order placement.
• Requotes may occur when the price moves between the time you submit an order and the time the Company processes it, requiring you to accept a new price or cancel the order.
• Order rejection may happen under abnormal market conditions, during major news events, or when trading volumes are exceptionally high.

Trading through online platforms involves technology-related risks that are beyond the control of GXM Trading. You acknowledge and accept the following risks associated with electronic trading:

• Internet and connectivity failures may prevent you from accessing the trading platform, placing or modifying orders, or receiving real-time market data. GXM Trading is not liable for any losses arising from internet disruptions, network failures, or communication breakdowns on your end or on the part of third-party service providers.
• Platform outages and maintenance may occur, during which the trading platform may be temporarily unavailable. While we endeavour to minimize downtime, scheduled or unscheduled maintenance, software updates, and system upgrades may disrupt your ability to trade.
• Delayed execution may result from server overload, high trading volumes, or technical malfunctions, causing your orders to be processed at prices different from those displayed at the time of submission.
• Hardware and software failures on your personal devices, including computer malfunctions, mobile device issues, or outdated operating systems, may impair your ability to trade effectively.
• Cybersecurity risks including hacking, phishing, malware, and unauthorized access to your account may result in financial loss. You are responsible for maintaining the security of your login credentials and for implementing appropriate security measures on your devices.

We strongly recommend that you familiarize yourself with the telephone trading facility offered by GXM Trading as an alternative means of placing orders in the event of technical difficulties. You may reach our support team at support@gxmtrading.com.

The regulatory landscape governing financial services and CFD trading is subject to change. You should be aware of the following legal and regulatory risks:

• Changes in laws and regulations in your country of residence or in the jurisdictions in which KW Investments Limited operates may affect the legality, availability, or terms of the products and services offered by GXM Trading. Such changes may occur without prior notice and may have a retrospective effect on your existing positions.
• Tax implications arising from your trading activity are your sole responsibility. Tax treatment of CFD trading varies by jurisdiction and may change over time. You are advised to seek independent tax advice from a qualified professional in your country of residence to understand your obligations.
• Cross-border considerations may apply if you access GXM Trading services from a jurisdiction other than the one in which you are resident. You are solely responsible for ensuring that your use of our services complies with all applicable laws and regulations in your jurisdiction.
• Anti-money laundering requirements may necessitate the provision of additional documentation, identity verification, or source-of-funds declarations. GXM Trading reserves the right to suspend or terminate accounts that fail to comply with applicable AML/KYC requirements.

If you trade in instruments denominated in a currency other than the base currency of your trading account, your profits and losses will be subject to foreign exchange fluctuations when converted back to your account currency. This means that even if a trade is profitable in the instrument's denomination, it may result in a loss once converted to your account's base currency, or vice versa.

Currency exchange rates can be highly volatile and are influenced by a variety of factors, including interest rate differentials, inflation, political stability, and global economic conditions. Deposits and withdrawals may also be subject to currency conversion fees and exchange rate fluctuations between the time a request is submitted and the time it is processed.

GXM Trading makes no representation, warranty, or guarantee that you will achieve any particular level of return or that you will not incur losses. Any examples, simulations, hypothetical performance, trading strategies, or historical data presented on gxmtrading.com or in any communications from the Company are provided for illustrative purposes only and do not represent actual trading results.

Testimonials, reviews, and success stories shared by other clients or third parties do not guarantee similar outcomes for you. Each trader's results are unique and depend on a variety of factors, including market conditions, individual skill, experience, available capital, and risk tolerance. No employee, agent, or representative of GXM Trading is authorized to make guarantees of profit or freedom from loss.

Before opening an account with GXM Trading or placing any trades, you should carefully and independently assess whether CFD trading is appropriate for you in light of your personal circumstances. In particular, you should consider the following:

• Financial situation: You should only trade with funds that you can afford to lose entirely. Do not invest money that is required for rent, mortgage payments, living expenses, medical costs, education, debt repayment, or retirement savings.
• Knowledge and experience: CFD trading requires a thorough understanding of financial markets, margin trading, and the specific instruments you intend to trade. If you are inexperienced, you should take time to educate yourself and consider practising on a demo account before committing real funds.
• Risk tolerance: You should honestly evaluate your ability to withstand financial losses, both in monetary terms and in terms of the psychological impact of trading losses on your well-being.
• Independent professional advice: We strongly recommend that you seek independent financial, legal, and tax advice from qualified professionals before engaging in CFD trading. GXM Trading does not provide personal investment advice, and nothing on gxmtrading.com should be construed as such.

If you are in any doubt as to the suitability of CFD trading for your circumstances, you should refrain from trading.

The products and services described on gxmtrading.com are not directed at or intended for distribution to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. It is your sole responsibility to determine whether your access to and use of GXM Trading's services is compliant with the laws and regulations of your jurisdiction. KW Investments Limited reserves the right to refuse or discontinue service to any person or entity at its sole discretion, including where it determines that such service would contravene the laws or regulations of a particular jurisdiction.

By opening an account with GXM Trading, depositing funds, or executing trades on the GXM Trading platform, you acknowledge and confirm that:

• You have read, understood, and accepted this Risk Disclaimer in its entirety.
• You understand that CFD trading carries a high level of risk and that losses can exceed your deposits.
• You are aware that leverage amplifies both potential profits and potential losses.
• You have independently assessed your financial situation, investment objectives, and risk tolerance, and have determined that CFD trading is suitable for you.
• You acknowledge that GXM Trading (KW Investments Limited) does not provide investment, tax, or legal advice, and that you have had the opportunity to seek independent professional advice.
• You accept full responsibility for all trading decisions made on your account and for any resulting profits or losses.
• You understand that past performance of any trading strategy, instrument, or market is not indicative of future results.
• You are not a resident or citizen of any jurisdiction in which GXM Trading services are restricted or prohibited.

This Risk Disclaimer does not disclose all risks and other significant aspects of trading CFDs and foreign exchange. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to risk. If you do not fully understand these risks, you must seek independent advice before trading.

KW Investments Limited, operating as GXM Trading and regulated by the Seychelles Financial Services Authority (FSA) under license number SD020, reserves the right to amend this Risk Disclaimer at any time. Any updates will be published on gxmtrading.com, and it is your responsibility to review this page periodically for changes.