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JFD Brokers Ltd. (hereinafter called the 'Company') is an Investment Firm regulated by the Cyprus Securities and Exchange Commission i.e. CySec (licence number 150/11). This notice is provided to you in agreement with the Markets in Financial Instrument Directive (MiFID) of the European Union.

JFD Brokers Ltd. does not warranty the initial capital of the Clients' portfolio or its value at any time or any money invested in any financial instrument. The Client should completely acknowledge and accept that he runs a great risk of incurring losses and damages as a result of the purchase and/or sale of any Financial Instrument and accepts and confirms that he is prepared to take on this risk.

The Client should completely acknowledge and accept that, regardless of any information which may be offered by the Company, the value of any investment in Financial Instruments may fluctuate downwards or upwards and it is even likely that the investment may become of no value.

The Client should declare that he has read, understands and accepts the following:

  1. Information of the previous performance of a Financial Instrument does not guarantee its current and/or future performance. The use of historical data does not establish a binding or reliable prediction as to the corresponding future performance of the Financial Instruments to which the said information mentions.
  2. Some Financial Instruments may not become instantly liquid as a result of reduced demand.
  3. A Financial Instrument on foreign markets may involve risks unlike the usual risks of the markets in the Client's country of residence. In some circumstances, these risks may be larger. The outlook of profit or loss from transactions on foreign markets is also influenced by exchange rate fluctuations.
  4. The Company might purchase a derivative financial instrument and the Client is prepared to accept the risks of completely losing all the money which the Company has invested on his behalf and similarly of any extra commissions and other charges incurred.
  5. A Derivative Financial Instrument (i.e. option, future, forward, swap, contract for difference) may be a non-delivery spot transaction giving an opportunity to make profit on changes in currency rates, commodity, stock market indices or share prices called the fundamental instrument.
  6. The Client recognizes and accepts that there may be other risks which are not covered above.

The Client should take the risk that the trades in Financial Instruments that the Company places on his behalf may be or become conditional on tax and/or any other duty, for example, due to alterations in legislation or his personal conditions. The Company does not guarantee that there will be no outstanding tax and/or any other stamp duty incurred. The Client should be accountable for any taxes and/or any other duty which may accumulate in respect of his trades.