RISK DISCLOSURE STATEMENT, DISCLAIMER AND INDEMNIFICATION
Retentions Services:-
- • Assistance and guide the client to download & explain the mobile app. & MT5 platform and how to use the cabinet.
- • **Explaining all 16 points in the checklist below and make sure they are understood by client.
- • Notify clients on how to trade & all trading features such as Margin, leverages, risk management, TP, SL …. Etc.
- • Notify clients on how to read the reports and strategies that have been sent by Accelerate Capital on daily basis.
- • Support will be on Market analysis & reports but never consider direct recommendations.
- • No direct instructions for client to take any position or Stop Loss Or take profits but to explain the strategies & reports is totally Client responsibilities to take the decision.
Trading spot foreign currencies (“forex”), CFDs & OTC instruments are not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources.
By acknowledging this statement and contracting for the services provided by Accelerate Capital you acknowledge that you have not sought advice from Accelerate Capital regarding the appropriateness of forex trading for you, and Accelerate Capital has not provided any such advice to you.
You agree and acknowledge further that the trading services provided to you by Accelerate Capital that it is solely your decision to determine which, if any, Accelerate Capital service to use for trading.
Based on the foregoing, you agree that you shall not seek to hold Accelerate Capital responsible for any losses associated with any Service provided to you by Accelerate Capital & its employees. In the event that any claims, suits, actions, damages, liabilities, obligations, losses, or expenses (including reasonable attorneys’ fees) arise out of or relate to the relationship between Accelerate Capital and you.
THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF THE FOREX MARKETS. YOU SHOULD CONSULT WITH YOUR FINANCIAL ADVISOR PRIOR TO TRADING FOREX.
CHECK LIST
The Retention executive has to make sure that every client understands the below topics:
1. What is margin?
It’s a certain percentage of account balance that will be set aside when you open a new trade as a deposit, that will be refunded when the trade is closed.
2. What is free margin?
It’s the amount of your trade balance that is available for opening new positions. Free Margin = Equity – Margin
3. What is margin level?
It is the percentage value based on the amount of usable margin versus used margin. Or it is the ratio of equity to margin. Margin level = (equity/used margin) x 100.
4. What is margin call?
You get a margin call when your account equity drops below usable margin due to loss on open positions
5. What is balance?
The amount is in your account before opening a trade
6. What is Equity?
the actual amount in your account if you close a trade at the current price.
7. What is Spread?
It’s The difference between the selling price and the buying price of a currency
8. What is Lot size?
Lots are the number of units of base currency that you buy or sell
9. What is pip?
It’s the smallest change in a currency pair that could be measured.
10. How we calculate the pip value?
for (JPY) pairs dividing .01 by exchange rate = pip value For other currency pairs dividing .0001 by exchange rate = pip value
11. What is Limit order?
It places a new buy or sell trade only if it reaches your specified price and duration
12. What is Market order?
It is an order type which allows placing buy or sell trade at the present market price.
13. What is Stop loss?
The purpose of it is to close a trade if the price goes against you at certain level.
14. What is Take profit??
It’s an order type that allows you to specify the price that you want to close a trade in case of making profit
15. Do you know the risk of margin trading?
With margin trading, you can lose more funds than you have in your account
16. Do you know the rules of risk management?
- Rule 1: Do not trade with real money before long practice
- Rule 2: trade with an amount you can lose
- Rule 3: Start trading with a mini account.
- Rule 4: Use the stop loss order
- Rule 5: Do not lose more than 2 - 2.5% of your account per trade.
- Rule 6: depend on the technical and fundamental analysisto open a trade
- Rule 7: Do not open a trade against the trend line
- Rule 8: Do not start trading in inappropriate times and conditions (hectic markets).