Risk Disclaimer

1. Introduction and Purpose

This Risk Disclaimer is provided by BROKTRADING LTD, operating under the trading name THE JAZZ FINTECH, a private limited liability company incorporated under the laws of the Republic of Cyprus with registration number HE 342927 and registered office at Orfeos Street 18B, 1070 Nicosia, Cyprus.

The purpose of this document is to inform you about the various risks associated with trading in financial markets and with using our products, which include Expert Advisors (EAs), the Trading Dashboard desktop software and web app, and Access Keys. This Risk Disclaimer forms an integral part of our Terms and Conditions and End User License Agreement (EULA), and by using any of our products or services, you acknowledge that you have read, understood, and accepted these risks.

2. Understanding Trading Risks

2.1 General Market Risks

Trading in financial markets involves substantial risk of loss. The value of financial instruments can fluctuate significantly due to a wide range of factors that are often unpredictable and beyond anyone's control. These factors include:

• Macroeconomic conditions such as interest rate changes, inflation rates, and shifts in monetary policy
• Political events and geopolitical tensions that can cause sudden and dramatic market movements
• Market sentiment and collective investor psychology
• Natural disasters, pandemics, and other unforeseen events
• Liquidity conditions that may vary considerably, affecting your ability to enter or exit positions
• The actions of institutional traders, hedge funds, and algorithmic trading systems

2.2 Forex Trading Risks

The foreign exchange market presents unique risks:

• High volatility with exchange rates capable of moving substantially within short periods
• Leverage can amplify both gains and losses significantly
• Market gaps may occur over weekends and holidays
• The 24-hour nature requires constant attention to monitor positions
• Spreads and execution quality vary depending on market conditions
• Overnight positions may be subject to swap rates

2.3 CFD Trading Risks

Contracts for Difference (CFDs) are complex financial instruments that carry a high risk of losing money rapidly due to leverage. A significant proportion of retail investor accounts lose money when trading CFDs. Key risks include:

• Leverage means losses can be magnified substantially
• You may lose more than your initial investment
• Margin calls may require additional funds at short notice
• Forced liquidation of positions at unfavourable prices
• Counterparty risk with your broker
• Financing charges for positions held overnight

2.4 Cryptocurrency Trading Risks

Cryptocurrency markets are subject to extreme volatility. Additional risks include:

• Uncertain and evolving regulatory landscape
• Security risks including exchange hacks and wallet compromises
• Susceptibility to market manipulation
• Technical risks including network forks and protocol failures
• Project failures resulting in total loss of capital
• Limited investor protection mechanisms

2.5 Leverage Risks

Leveraged trading requires particular attention:

• Relatively small price movements can result in substantial gains or losses
• It is entirely possible to lose more than your initial investment
• Margin calls may require immediate additional funds
• Positions may be forcibly liquidated at unfavourable prices
• Trading costs are amplified proportionally

2.6 No Guarantee of Profits

The Company makes no guarantee of profits from trading or from the use of our products. Past performance of Expert Advisors, or any other aspect of our products, is not indicative of future results. Our products are tools designed to assist you in your trading activities; they are not guarantees of trading success.

3. Technology and Software Risks

3.1 Software-Related Risks

All software, including our Expert Advisors and Trading Dashboard desktop software and web app, may contain bugs, errors, or glitches that can cause unexpected behaviour. Risks include:

• Compatibility issues with certain operating systems, trading platforms, or hardware
• Performance degradation during periods of high market activity
• Network latency affecting the timing and execution of trades
• Software updates may occasionally introduce new issues
• Conflicts with other software installed on your system

3.2 Automated Trading Risks

Expert Advisors and other automated trading systems carry specific risks:

• Algorithms based on historical data may not adapt when market conditions change
• Over-optimisation (curve-fitting) can lead to poor live performance
• Execution failures due to connectivity issues or platform problems
• Software malfunctions could result in unintended trading activity
• Automated systems lack human judgment for extraordinary events
• Without proper oversight, systems may continue trading inadvisably

3.3 Connectivity and Infrastructure Risks

Your trading depends on reliable connectivity and infrastructure:

• Internet service interruptions can prevent position management
• Network latency can cause execution at different prices than intended
• Disconnections may leave positions unmanaged during critical periods
• VPS failures or outages present additional risk
• Firewalls or security software may block trading connections

3.4 Hardware and Security Risks

• Hardware failures can disrupt your trading activities
• Operating system crashes may terminate trading software unexpectedly
• Power outages can interrupt operations without backup power
• Cybersecurity threats including malware, hacking, and phishing attacks
• Unauthorized access to trading accounts could result in financial losses

4. Broker and Prop Firm Execution Risks

It is essential to understand that the Company is not a broker or a prop firm and does not provide brokerage or prop firm services. Your relationship with your chosen broker and prop firm is entirely separate from your relationship with us.

Broker and prop firm risks include:

• Insolvency or financial difficulties
• Regulatory issues
• Variable execution quality
• Server downtime or technical issues
• Requotes and order rejections
• Slippage during volatile conditions

5. Regulatory and Legal Considerations

The regulatory environment for financial trading continues to evolve:

• New laws may restrict certain types of trading or automated software use
• Leverage limits may be changed by regulatory authorities
• Regulatory actions against brokers may affect your accounts
• Tax laws applicable to trading activities may change
• Different jurisdictions have different regulatory frameworks

You are solely responsible for ensuring compliance with all applicable laws and regulations in your jurisdiction. The Company does not provide legal advice.

6. Important Disclaimers

6.1 No Financial Advice

The Company is not a financial advisor, and nothing in our products, services, or communications should be construed as investment, portfolio management, financial advice, financial promotions, or trading recommendations. Our products and any related content are for informational purposes only. You are solely responsible for making your own trading and investment decisions.

6.2 Limitation of Liability

To the maximum extent permitted by applicable law, the Company, its affiliates, partners, management, directors, officers, employees, and the Merchant of Record shall not be liable for any trading losses, investment losses, software errors, system failures, or any other damages arising from the use of our products or services.

6.3 Your Responsibilities

You are solely responsible for:

• All trading decisions you make
• Verifying any information before acting upon it
• Implementing appropriate risk management practices
• Trading only with funds you can afford to lose
• Seeking professional advice when needed
• Assuming all risks associated with trading and the use of our products

7. Acknowledgment

By using our products and services, you acknowledge and confirm that:

• You have read and understood this Risk Disclaimer in its entirety
• You understand the substantial risks involved in trading financial instruments
• You understand the technological risks associated with automated trading software
• You accept full responsibility for your trading decisions and their outcomes
• You will not hold the Company or its affiliates liable for any losses you may incur
• You are of legal age to enter into binding agreements in your jurisdiction
• You have the financial means to assume the risks described herein without undue hardship
• You have sought or will seek third-party professional advice to the extent required

8. Contact Information

THE JAZZ FINTECH (BROKTRADING LTD)
Registered Address: Orfeos Street 18B, 1070 Nicosia, Cyprus
Email: info@thejazzfintech.com | info@pfarmour.com
Legal: compliance@thejazzfintech.com
Websites: www.thejazzfintech.com | www.pfarmour.com
Registration Number: HE 342927

Merchant of Record (Payment/Billing):
PADDLE
Website: paddle.com
Support: paddle.com/help