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Legal and
Disclaimers
Foreign Exchange ("Forex") trading
carries a high degree of risk. The amount of initial
margin is small relative to the value of the position so
that transactions are ‘leveraged’ or ‘geared’. A relatively
small market movement will have a proportionately larger
impact on the funds you have deposited. You may sustain a
total loss of initial margin funds and any additional funds
deposited with GFX to maintain your position.
You should carefully consider whether
trading Foreign Exchange is appropriate for you in light of
your experience, objectives, financial resources and other
circumstances.
Please make sure you have read and
understood all disclaimers and information in the GFX
account opening forms before commencing trading.
GFX is supervised as a Financial
Intermediary under Swiss Federal Law. Since the enforcement of Federal
anti-money laundering laws of the 1st of April 1998 (LBA), Swiss
regulatory authorities have
considerably tightened financial controls of banks and
financial intermediaries obliging the latter to be
affiliated with and supervised by an accredited
self-regulatory organization whose objective is to make sure
that they comply with their due diligence obligations with
respect to prevention of money laundering. Being affiliated with
PolyReg
(a self-regulated organization accredited by the
Swiss Federal dept of Finance),
GFX is indirectly supervised by the Swiss Federal Department of Finance.
GFX's activities comply with Swiss
regulation applicable to Financial Intermediaries active in
the forex brokerage industry.
Services provided by GFX are not intended
for persons domiciled in jurisdictions prohibiting the distribution
of such services. Each client bears the
responsibility to ensure that GFX's services are not prohibited in
her/his jurisdiction of domicile.
GFX's services consist in executing clients' instructions,
GFX can therefore not be held liable for any loss resulting
from positions taken by its clients. Furthermore GFX cannot
be held liable for damages resulting from incorrect
execution of clients' instructions except in case of gross
negligence. |
