Risk Disclosure
This brief warning does not disclose all the risks and all the
important aspects of trading in the spot market ("Forex") (with
immediate payment and delivery). Taking into account all the risks, you
should carry out (undertake) transactions only if you ("Trader" or
"Client") fully understand the nature of the contracts (and contractual
relationships) into which you are entering, as well as the degree of
risk you incur. Commercial activities on the Forex market and stock
markets are not acceptable to many people. You should consider
carefully whether you can engage in commercial activities, taking into
account your experience, objectives, level of training, financial
resources and other relevant circumstances.
Common Risks General Investment Risk: All investments come with the risk of losing money. Investing involves substantial risks, including possible loss of the principal and other losses that may be unacceptable to many people. Investments, unlike savings and checking accounts at a bank, are not insured by The Government against market losses. Different instruments of financial markets have different degrees and kinds of risk, so you should consider the risks associated with the particular market instrument you intend to invest in.
Electronic Trading: Trading on an electronic trading system may differ not only from trading in an open auction market, but also from trading on other electronic trading systems. If you undertake transactions on an electronic trading system, you will be exposed to risks associated with this system, including the failure of hardware and software. The result of such failure may be that your order is either not executed according to your instructions or is not executed at all.
Suspension or Restriction of Trading and Pricing Relationships: Market conditions (e.g. liquidity) and / or other rules of a certain market (e.g. market hours, dealing hours, suspension of trading, etc.) may increase the risk of losses, complicating or making impossible to effect transactions, to liquidate or adjust positions.
Off-Exchange Transactions: The Company you are effecting off-exchange transactions with, may act as your counter party. It may be difficult to eliminate an existing position, to assess the value, to determine an acceptable price, or to assess the risks. For these reasons, these transactions entail additional risk. Off-exchange transactions are usually less regulated and / or subject to a separate control system. Before you undertake such transactions, you should familiarize yourself with the applicable rules and attendant risks.
Transactions in Foreign Jurisdictions: Transactions on markets in foreign jurisdictions, including markets formally linked to the domestic market, may expose you to additional risks. Such markets may be subject to rules and laws which offer other conditions of protection or weaken them. Your local regulatory authority will not be able to enforce regulators or markets in other jurisdictions to follow the rules of the Law, if your transactions have been effected on these markets. You should get the full information about the types of existing compensation, the rules applicable in both the jurisdiction of your country and other relevant jurisdictions before you start to trade.
Deposited Cash and Property: You should familiarize yourself with measures to protect cash and other assets that you invest when making both international and domestic transactions, especially in the case of insolvency or bankruptcy. The extent to which you may protect your money or property may be determined by the specific foreign laws or other regulations. In some jurisdictions, property, defined as your personal, will be pro-rated as well as cash for for purposes of distributions in the case of shortage of funds.
Terms and Conditions of Contracts: You should get the information about the terms and conditions of the specific market instruments which you are trading and associated obligations (e.g. the margin requirements and the terms of their change, order execution limitations, the conditions under which you may be obliged to make or take delivery, contract dates and restrictions on the time for exercise, etc.).
Commission and Other Charges: Before you start trading, you should get a clear and comprehensive explanation of all commissions, fees and other charges which you will have to pay. These charges will affect your net profit (if any) or increase your loss.
Currency Risks: Gains or losses in transactions effected on contracts in foreign currency (trade transactions may be effected in your or any other jurisdiction) will depend on currency fluctuations in those cases where there is a need to convert the currency specified in the contract to another currency.
Trading Facilities: Exchange trading in general and electronic trading facilities are supported by computer systems for the order-routing, execution, matching, registration and clearing of trades. As with all facilities and systems, they are vulnerable to temporary disruption and failure. Your ability to recover some losses may depend on the limitations of liability imposed by the system provider, the market, the clearing house or the member firm. Such restrictions may vary. Therefore, you should obtain a clear explanation of all details in this respect.
Trading Strategies and Signals: The effectiveness of trading signals in the past does not guarantee the trading signal will be equally effective in the future. There are various reasons why your trade figures are unlikely to be the same as trading performance results presented by a trading signal provider, and they are (but are not limited to) the following: different levels of market liquidity, different sizes of market spreads, the suspension of credit and trade lines, taxation by regulatory or governmental authorities that are imposed on market participants, both sellers and buyers, including your counter party, subjective errors, dealing errors, different levels of connection speed, the delay in the formation, transmitting, routing, and accepting orders; a lack of following every single trading signal as it is generated; the effects of other positions that you maintain that were not placed in accordance with signals or strategies offered by the trading signal provider; varying margin requirements; varying stop-loss, limit acceptance, and margining-out provisions; public or market holidays; one-time or infrequent exogenous market events; temporary inability of the trading signal provider to generate or transmit trading signals or strategies; lack of trading experience, etc.
Forex-Specific Risks Sophisticated High-Risk Trading: Due to the fact that the risk factor is very high in Forex trading, only free funds should be used for such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the Forex market. Forex trading is suitable only for institutional or experienced private traders, who can resist the financial losses that may substantially exceed the value of margins or deposits.
Effect of "Leverage" or "Gearing": Transactions in Forex are very risky. The amount of initial margin is small relative to the value of the Forex contract, that's why transactions are supported by "leverage". A relatively small Forex market movement will have a proportionately larger impact on the funds you have invested or will have to invest: this may work for you as well as against you. You may suffer a total loss of initial margin funds and any additional funds deposited to maintain your position. If the Forex market movement is against your position or margin levels are increasing, you may be called upon to pay substantial additional funds immediately or on a very short notice to maintain your position. If you do not comply with the requirement for additional funds within the prescribed time, your position may be liquidated at a loss and you will be responsible for any resulting deficit.
Risk-Reducing Orders or Strategies: Placing "stop-loss" orders, which are designed to limit losses to certain amounts may be ineffective, as market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as "hedging" or "lock" can be just as risky as taking long and short positions.
Founds-Specific Risks Fund May Lose Value: There can be no guarantee that the invested funds will reach investment goals and past performance should not be seen as a guide to future returns. The value of investments and the revenue may fall as well as rise, so investors may not return the original amount invested in one or another financial instrument. The investments in financial instruments may be affected by any changes in exchange control regulation, tax laws, withholding taxes, international, political and economic events and government, economic and monetary policy.
Interest Rate Risk: Funds invested in bonds and other securities may fall in value if interest rates change. Generally the prices of debt securities rise when interest rates fall, while their prices fall when the interest rates rise. Longer-term debt securities are usually more sensitive to changes in interest rates.
Credit Risk: Funds invested in bonds and other fixed income securities are subject to the risk that issuers may not make payment on such securities. The issuer experiencing negative changes in its financial condition may reduce the credit quality of securities that would lead to even greater price fluctuations of securities. Lowering the credit rating of securities may also compensate for the security's liquidity, making it more difficult to sell. Funds invested in debt securities of lower quality, are more susceptible to these problems and their value may be more volatile.
Foreign Exchange Risk and Hedging: Since deposit funds and liabilities may be denominated in currencies different from the base deposit currency, funds may be affected favorably or unfavorably by exchange control regulations or changes in the exchange rates between the base currency and other currencies. Changes in exchange rates may affect the value of the fund's shares, dividends, interest, profit or loss. The exchange rate between currencies is determined by supply and demand in the currency exchange markets, the international balance of payments, government intervention, speculation and other economic and political conditions. If the currency in which a security is denominated rises against the base currency, value of securities will be increasing. Conversely, a decline in the exchange rate of the currency will negatively affect the value of securities. Deposit funds may engage in transactions in foreign currencies in order to hedge currency risk. However, there is no guarantee that hedging or protection will be achieved. This strategy may also limit the Fund from benefiting from the performance of a Fund's securities if the currency in which the securities held by the Fund are denominated rises against the base currency.
Small Capitalization: Stock trading platforms, which include companies with small capitalization, have greater risks than the platforms investing in larger, more established companies. For example, small capitalization companies may have limited product lines, markets, financial or managerial resources. As a result, prices for securities of small capitalization companies may be more volatile. Transaction costs for securities in small capitalization companies may be greater than those of companies with large market capitalization, and they may be less liquid.
Non-Investment Grade Debt: Credit risk is more pronounced for investments in securities with fixed income, with the rating below investment grade or comparable quality. The risk of default could be more serious and the market for such securities may be less active, creating difficulties in selling securities at reasonable prices, as well as making it difficult to evaluate securities. The stock market can incur the additional expenses, if the issuer is insolvent and the market tries to recover some of their losses due to bankruptcy or other similar processes.
Secondary Risk Disclosure: High Risk Investment Trading is a very risky and speculative activity. Foreign Exchange Trading is highly speculative and suitable only for those customers who: (a) understand and are willing to assume the economic, legal and other risks involved, and (b) are financially able to assume losses significantly in excess of margin or deposits. Customer represents, warrants and agrees that Customer understands these risks; that Customer is willing and able, financially and otherwise, to assume the risks of Foreign Exchange Trading and that loss of Customers entire Account Balance will not change Customers life style.
High Leverage and low margin associated with foreign exchange trading can lead to significant losses due to price changes on foreign exchange contracts and contracts for the cross - currency exchange rates. Margin policies of companies may require to make additional funds as the guarantee deposit to the Customer’s account and the Customer must immediately meet such margin requirements. Failure to maintain the required margin balance in an amount equal to or greater than 20% of the initial margin requirements may lead to the elimination of any open positions with resultant loss to the Customer.
Common Risks General Investment Risk: All investments come with the risk of losing money. Investing involves substantial risks, including possible loss of the principal and other losses that may be unacceptable to many people. Investments, unlike savings and checking accounts at a bank, are not insured by The Government against market losses. Different instruments of financial markets have different degrees and kinds of risk, so you should consider the risks associated with the particular market instrument you intend to invest in.
Electronic Trading: Trading on an electronic trading system may differ not only from trading in an open auction market, but also from trading on other electronic trading systems. If you undertake transactions on an electronic trading system, you will be exposed to risks associated with this system, including the failure of hardware and software. The result of such failure may be that your order is either not executed according to your instructions or is not executed at all.
Suspension or Restriction of Trading and Pricing Relationships: Market conditions (e.g. liquidity) and / or other rules of a certain market (e.g. market hours, dealing hours, suspension of trading, etc.) may increase the risk of losses, complicating or making impossible to effect transactions, to liquidate or adjust positions.
Off-Exchange Transactions: The Company you are effecting off-exchange transactions with, may act as your counter party. It may be difficult to eliminate an existing position, to assess the value, to determine an acceptable price, or to assess the risks. For these reasons, these transactions entail additional risk. Off-exchange transactions are usually less regulated and / or subject to a separate control system. Before you undertake such transactions, you should familiarize yourself with the applicable rules and attendant risks.
Transactions in Foreign Jurisdictions: Transactions on markets in foreign jurisdictions, including markets formally linked to the domestic market, may expose you to additional risks. Such markets may be subject to rules and laws which offer other conditions of protection or weaken them. Your local regulatory authority will not be able to enforce regulators or markets in other jurisdictions to follow the rules of the Law, if your transactions have been effected on these markets. You should get the full information about the types of existing compensation, the rules applicable in both the jurisdiction of your country and other relevant jurisdictions before you start to trade.
Deposited Cash and Property: You should familiarize yourself with measures to protect cash and other assets that you invest when making both international and domestic transactions, especially in the case of insolvency or bankruptcy. The extent to which you may protect your money or property may be determined by the specific foreign laws or other regulations. In some jurisdictions, property, defined as your personal, will be pro-rated as well as cash for for purposes of distributions in the case of shortage of funds.
Terms and Conditions of Contracts: You should get the information about the terms and conditions of the specific market instruments which you are trading and associated obligations (e.g. the margin requirements and the terms of their change, order execution limitations, the conditions under which you may be obliged to make or take delivery, contract dates and restrictions on the time for exercise, etc.).
Commission and Other Charges: Before you start trading, you should get a clear and comprehensive explanation of all commissions, fees and other charges which you will have to pay. These charges will affect your net profit (if any) or increase your loss.
Currency Risks: Gains or losses in transactions effected on contracts in foreign currency (trade transactions may be effected in your or any other jurisdiction) will depend on currency fluctuations in those cases where there is a need to convert the currency specified in the contract to another currency.
Trading Facilities: Exchange trading in general and electronic trading facilities are supported by computer systems for the order-routing, execution, matching, registration and clearing of trades. As with all facilities and systems, they are vulnerable to temporary disruption and failure. Your ability to recover some losses may depend on the limitations of liability imposed by the system provider, the market, the clearing house or the member firm. Such restrictions may vary. Therefore, you should obtain a clear explanation of all details in this respect.
Trading Strategies and Signals: The effectiveness of trading signals in the past does not guarantee the trading signal will be equally effective in the future. There are various reasons why your trade figures are unlikely to be the same as trading performance results presented by a trading signal provider, and they are (but are not limited to) the following: different levels of market liquidity, different sizes of market spreads, the suspension of credit and trade lines, taxation by regulatory or governmental authorities that are imposed on market participants, both sellers and buyers, including your counter party, subjective errors, dealing errors, different levels of connection speed, the delay in the formation, transmitting, routing, and accepting orders; a lack of following every single trading signal as it is generated; the effects of other positions that you maintain that were not placed in accordance with signals or strategies offered by the trading signal provider; varying margin requirements; varying stop-loss, limit acceptance, and margining-out provisions; public or market holidays; one-time or infrequent exogenous market events; temporary inability of the trading signal provider to generate or transmit trading signals or strategies; lack of trading experience, etc.
Forex-Specific Risks Sophisticated High-Risk Trading: Due to the fact that the risk factor is very high in Forex trading, only free funds should be used for such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the Forex market. Forex trading is suitable only for institutional or experienced private traders, who can resist the financial losses that may substantially exceed the value of margins or deposits.
Effect of "Leverage" or "Gearing": Transactions in Forex are very risky. The amount of initial margin is small relative to the value of the Forex contract, that's why transactions are supported by "leverage". A relatively small Forex market movement will have a proportionately larger impact on the funds you have invested or will have to invest: this may work for you as well as against you. You may suffer a total loss of initial margin funds and any additional funds deposited to maintain your position. If the Forex market movement is against your position or margin levels are increasing, you may be called upon to pay substantial additional funds immediately or on a very short notice to maintain your position. If you do not comply with the requirement for additional funds within the prescribed time, your position may be liquidated at a loss and you will be responsible for any resulting deficit.
Risk-Reducing Orders or Strategies: Placing "stop-loss" orders, which are designed to limit losses to certain amounts may be ineffective, as market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as "hedging" or "lock" can be just as risky as taking long and short positions.
Founds-Specific Risks Fund May Lose Value: There can be no guarantee that the invested funds will reach investment goals and past performance should not be seen as a guide to future returns. The value of investments and the revenue may fall as well as rise, so investors may not return the original amount invested in one or another financial instrument. The investments in financial instruments may be affected by any changes in exchange control regulation, tax laws, withholding taxes, international, political and economic events and government, economic and monetary policy.
Interest Rate Risk: Funds invested in bonds and other securities may fall in value if interest rates change. Generally the prices of debt securities rise when interest rates fall, while their prices fall when the interest rates rise. Longer-term debt securities are usually more sensitive to changes in interest rates.
Credit Risk: Funds invested in bonds and other fixed income securities are subject to the risk that issuers may not make payment on such securities. The issuer experiencing negative changes in its financial condition may reduce the credit quality of securities that would lead to even greater price fluctuations of securities. Lowering the credit rating of securities may also compensate for the security's liquidity, making it more difficult to sell. Funds invested in debt securities of lower quality, are more susceptible to these problems and their value may be more volatile.
Foreign Exchange Risk and Hedging: Since deposit funds and liabilities may be denominated in currencies different from the base deposit currency, funds may be affected favorably or unfavorably by exchange control regulations or changes in the exchange rates between the base currency and other currencies. Changes in exchange rates may affect the value of the fund's shares, dividends, interest, profit or loss. The exchange rate between currencies is determined by supply and demand in the currency exchange markets, the international balance of payments, government intervention, speculation and other economic and political conditions. If the currency in which a security is denominated rises against the base currency, value of securities will be increasing. Conversely, a decline in the exchange rate of the currency will negatively affect the value of securities. Deposit funds may engage in transactions in foreign currencies in order to hedge currency risk. However, there is no guarantee that hedging or protection will be achieved. This strategy may also limit the Fund from benefiting from the performance of a Fund's securities if the currency in which the securities held by the Fund are denominated rises against the base currency.
Small Capitalization: Stock trading platforms, which include companies with small capitalization, have greater risks than the platforms investing in larger, more established companies. For example, small capitalization companies may have limited product lines, markets, financial or managerial resources. As a result, prices for securities of small capitalization companies may be more volatile. Transaction costs for securities in small capitalization companies may be greater than those of companies with large market capitalization, and they may be less liquid.
Non-Investment Grade Debt: Credit risk is more pronounced for investments in securities with fixed income, with the rating below investment grade or comparable quality. The risk of default could be more serious and the market for such securities may be less active, creating difficulties in selling securities at reasonable prices, as well as making it difficult to evaluate securities. The stock market can incur the additional expenses, if the issuer is insolvent and the market tries to recover some of their losses due to bankruptcy or other similar processes.
Secondary Risk Disclosure: High Risk Investment Trading is a very risky and speculative activity. Foreign Exchange Trading is highly speculative and suitable only for those customers who: (a) understand and are willing to assume the economic, legal and other risks involved, and (b) are financially able to assume losses significantly in excess of margin or deposits. Customer represents, warrants and agrees that Customer understands these risks; that Customer is willing and able, financially and otherwise, to assume the risks of Foreign Exchange Trading and that loss of Customers entire Account Balance will not change Customers life style.
High Leverage and low margin associated with foreign exchange trading can lead to significant losses due to price changes on foreign exchange contracts and contracts for the cross - currency exchange rates. Margin policies of companies may require to make additional funds as the guarantee deposit to the Customer’s account and the Customer must immediately meet such margin requirements. Failure to maintain the required margin balance in an amount equal to or greater than 20% of the initial margin requirements may lead to the elimination of any open positions with resultant loss to the Customer.
Anti Money Laundring
Anti-Money Laundering Policy
Money laundering is the act of converting money or other monetary instruments gained from illegal activity into money or investments that appear to be legitimate, so that its illegal source cannot be traced. Domestic and international laws that apply to companies, whose customers can deposit and withdraw funds from their accounts, make it illegal for RapidGCX forex company, or its employees or agents, to knowingly engage, or attempt to engage in a monetary transaction of criminally derived property.
Implemented Procedures The objective of Anti-Money laundering procedures that RapidGCX implements is to ensure that customers engaging in certain activities are identified to a reasonable standard, while minimizing the compliance burden and impact on legitimate customers. RapidGCX is committed to assisting governments combat the threat of money laundering and financing terrorist activities around the world. For that purpose RapidGCX has set up a highly sophisticated electronic system. This system documents and verifies client identification records, and tracks and maintains detailed records of all transactions.
RapidGCX carefully tracks suspicious and significant transaction activities, and reports such activities "providing timely and comprehensive information" to law enforcement bodies. To uphold the integrity of reporting systems and to safeguard businesses, the legislative framework provides legal protection to providers of such information.
In order to minimize the risk of money laundering and financing terrorist activities, RapidGCX neither accepts cash deposits nor disburses cash under any circumstances. RapidGCX reserves the right to refuse to process a transfer at any stage, where it believes the transfer to be connected in any way to money laundering or criminal activity. It is forbidden for RapidGCX to inform customers that they have been reported for suspicious activity.
Additional Disclosures
Identification For the purpose of complying with Anti-Money laundering laws, RapidGCX requires two different documents to verify the identity of the customer.
The first document we require is a legal government-issued, identifying document with the picture of the customer on it. It may be a government-issued passport, driver's license (for countries where the driver's license is a primary identification document) or local ID card (no company access cards).
The second document we require is a bill with the customer's own name and actual address on it no older than 6 months. It may be a utility bill, bank statement, affidavit, or other bill with the name and address of the customer from an internationally recognizable organization.
RapidGCX also requires a completed and physically-signed account application form to be submitted to the company.
Customers are required to submit uptodate identification and contact information in a timely manner, as soon as changes occur.
Documents in non-western letters must be translated into English by an official translator; the translation must be stamped and signed by the translator and sent together with the original document with a clear picture of the customer on it.
Deposits and Withdrawals RapidGCX requires all deposits, where the name of the originating customer is present, to come from the name matching the name of the customer in our records. Third party payments are not accepted.
As for withdrawals, money may be withdrawn from the same account and by the same way it was received. For withdrawals where the name of the recipient is present, the name must exactly match the name of the customer in our records. If the deposit was made by wire transfer, funds may be withdrawn only by wire transfer to the same bank and to the same account from which it originated. If the deposit was made by means of electronic currency transfer, funds may be withdrawn only by the means of electronic currency transfer through the same system and to the same account from which it originated.
If you have any inquiries, please contact us.
