This notice provides you with information about the risks associated with trading products, which you may invest in through services provided to you by CEZEX Trading Limited ("CEZEX"). CEZEX provides a wide range of trading services in relation to a number of products through its regulated entity in the Cagayan Special Economic Zone and Free Port by the Cagayan Economic Zone Authority ("CEZA") and the Asia Blockchain And Cryptocurrency Association ("ABACA") under Offshore Virtual Currency Exchange and Asset-backed Securities Token Exchange Regular License No. 13-01-2018.
Trading products offered by CEZEX include, currencies (cryptocurrencies); asset backed security tokens (securities); digital assets and derivatives such as contracts for differences (CFDs) whose underlying assets are currencies, stocks, commodities, indices, exchange traded funds (ETFs) and cryptocurrencies.
Any transactions relating to cryptocurrencies where CEZEX offers you leverage or allow you to enter into short transactions and/or all copy trading transactions shall be considered Derivatives transactions.
CEZEX also offers customers the opportunity to buy cryptocurrencies, hold such cryptocurrencies and subsequently sell such cryptocurrencies all subject to the Cryptocurrencies Trading Addendum ("Cryptocurrencies Trading Addendum").
Since Cryptocurrencies markets are decentralized and non-regulated our Cryptocurrencies Trading Services as such term is defined in the Cryptocurrencies Trading Addendum are generally unregulated services in your place of residence which are not governed by any specific regulatory framework, however, CEZEX cryptocurrency trading is regulated by CEZA and ABACA. Therefore, when CEZEX Trading Limited customers are using our Cryptocurrencies Trading Service as well as Cryptocurrencies CFDs trading services they will not benefit from the protections available to clients receiving regulated investment services. CEZEX Trading Limited customers will continue to benefit from the rules relating to best execution and client money and safekeeping of client assets. We will endeavor to enable you to benefit from rules relating to best execution and safekeeping of client assets.
All these products carry a high degree of risk and are not suitable for many investors. This notice provides you with information about the risks associated with these products but it cannot explain all of the risks nor how such risks relate to your personal circumstances. If you are in doubt you should seek professional advice. It is important that you fully understand the risks involved before deciding to trade with CEZEX and that you have adequate financial resources to bear such risks and that you monitor your positions carefully. Trading involves risk to your capital. You should not invest money that you cannot afford to lose, however you cannot lose more than the equity in your account.
NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THE TERMS AND CONDITIONS AND/OR THIS GENERAL RISK DISCLOSURE, FRENCH RESIDENTS SHALL BE ELIGIBLE TO AN INTRINSIC PROTECTION. ACCORDINGLY AND INDEPENDENTLY OF THE MARKET VOLATILITY, THEIR MAXIMUM LOSS WITH RESPECT TO EACH TRANSACTION SHALL BE THE TOTAL AMOUNT INVESTED IN SUCH TRANSACTION, AS UPDATED BY SUCH USER FROM TIME TO TIME.
Derivatives, including CFD (Contract For Difference), mean you are not buying the underlying asset, but rather purchasing a contract to settle the difference in the initial and ending price of the asset. When trading CFDs, you generally trade on margin, which means you only have to deposit a small percentage of the overall value of your position. This is known as "Leverage", and even small market movements may have great impact, negative or positive on your trading account.
If the market moves against you, you may sustain a total loss greater than the funds invested in a specific position. You are responsible for all losses on your account up to the equity in your account.
Before deciding to trade on margin you should carefully consider your investment objectives, level of experience, and risk appetite Our CFDs offering is not listed on CEZEX as an exchange traded product, rather offered through the exchange platform to You. CFDs involve greater risk than investing in on-exchange products, as market liquidity cannot be guaranteed and it may be more difficult to liquidate an existing position. The prices and other conditions are set by the respective provider with our obligation to provide best execution as set out in our order execution policy, to act reasonably and in accordance with the applicable Terms and Conditions. The characteristics of our CFDs can vary substantially from the actual underlying market or instrument. Full details of all of our CFDs are set out on our website. In respect of corporate events with respect to the underlying assets, We do not aim to make a profit from our clients from the outcome of corporate events such as rights issues, takeovers, mergers, share distributions or consolidations and open offers. We aim to reflect the treatment we receive, or, would receive if we were hedging our exposure to you in the underlying market. Ultimately however, you are not dealing in the underlying market and therefore in relation to our CFDs the treatment you receive may be less advantageous than if you owned the underlying instrument.
CFDs are not suited to the long term investor. If you hold a CFD open over a long period of time the associated costs increase (such as overnight fees) it may be more beneficial to buy the underlying asset instead. Sudden market movements, known as "gapping" may occur, causing a dramatic shift in the price of an underlying asset. Gapping may occur when the underlying market is closed, meaning the price on the underlying market may open at a significantly different level, and at a less advantageous price for you.
At all times during which you have open positions, you must ensure that your account meets Our margin requirements, which may change from time to time. Therefore, if our price moves against you or if our margin requirements have changed, you may need to provide us with significant additional funds to meet your margin requirement, at short notice, to maintain your open positions. If you do not do this, we will be entitled to close one or more or all of your positions and You alone will be responsible for any losses incurred as a result.
Before we open an account for you, we make an assessment of whether the product(s) and/or services you have chosen are appropriate for you, and to warn you if, on the basis of the information you provide to us, any product or service is not appropriate. If you decide to continue and open an account with us, you are confirming that you are aware of and understand the risks.
You should further ensure you are able to monitor positions on your account at all times, as you are solely responsible for this. We are not responsible for monitoring positions on your account.
Although the CEZEX trading platform is automated and we are giving you the best execution available, it is possible that the market price could have changed between order placement and execution time, and therefore we cannot guarantee that the price requested will be the same as the price that the order is executed, the price you receive can be in your favour or against you.
To limit losses, we advise you to choose "stop loss" limits. These set limits to automatically close your position when it reaches a price limit of your choice. There are however circumstances in which a ‘stop loss’ limit is not fully effective – for example, where there are rapid price movements, or market closure. In addition, there are risks associated with use of online deal execution and trading systems including, but not limited to, software and hardware failure and internet disconnection.
CEZEX offers Social Trading Features. In making a decision to Copy a specific trader or traders and/or follow a particular strategy, You must consider your entire financial situation including financial commitments and you understand that using Social Trading Features is highly speculative and that you could sustain significant losses exceeding the amount used to copy a trader or traders. The risks associated with Social Trading Features, include but are not limited to, automated trading execution whereby the opening and closing of trades will happen in your account without your manual intervention.
While trading on our website and/or applications, system errors might occur. You should be aware of the risks that may result from any system failure which could mean that your order may be delayed or fail. You acknowledge that there are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connections, the risk of malicious software introduction, the risk that third parties may obtain unauthorized access to information and/or assets (including your Cryptocurrencies) stored on your behalf, cyber-attack, the Cryptocurrency network failure (such as blockchain), computer viruses, communication failures, disruptions, errors, distortions or delays you may experience when trading via the Services, howsoever caused, spyware, scareware, Trojan horses, worms or other malware that may affect your computer or other equipment, or any phishing, spoofing or other attack. You should also be aware that SMS and email services are vulnerable to spoofing and phishing attacks and should use care in reviewing messages purporting to originate from CEZEX.
Our fees and charges are set out on our website www.cezex.io under the "Fees" section. Please be aware of all costs and charges that apply to you, because such costs and charges will affect your profitability.
Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice. CEZEX shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information provided.
Past performance is not an indication of future performance. The value of investments can go down as well as up.
Your account with CEZEX will be held in USD which may be different from the currency you used to deposit which will be exchanged to USD, accordingly you should be aware of Exchange cost, risk and currency fluctuations.