The official language of the company is English. For a full and accurate description of the Company's activities, please refer to the English version of the website. Information available in other languages is for reference purposes only and carries no legal authority.

This Risk Disclosure Policy relates to your use of our website(s), HS-Markets: Online Trading and application (the “app”), and to information collected by us with your opening of any of your accounts and the services provided by HS-Markets.

Risk Disclosure for Foreign Currency and Derivatives Trading: This brief warning complements the "Client Agreement" and does not cover all potential risks. Do not trade unless you fully understand the contracts, their legal context, and your risk exposure.

1. Foreign Currency and Derivatives Trading

1. Leverage Risks: Leverage increases both profit and loss potential. Trading on margin may result in losses greater than your deposit. Margin calls may require immediate funding to avoid forced position closure.
2. Risk Reduction Orders and Strategies: Stop-loss or stop-limit orders may fail in volatile or illiquid markets. Complex strategies like spreads or straddles may not always reduce risk.

2. Additional Risks Specific to Foreign Currency and Derivatives Transactions

1. Contract Terms: Understand all delivery, expiry, and exercise terms. Exchanges may modify terms due to market conditions.
2. Market Restrictions: Market illiquidity or circuit breakers may delay execution. Asset prices and derivatives may not always correlate.
3. Deposited Funds and Assets: In cases of insolvency, fund return depends on jurisdiction and regulatory protections.
4. Fees and Charges: Ensure you understand all fees, commissions, and costs before trading.
5. Cross-Jurisdictional Transactions: Trading in foreign markets involves different regulations and protections that may not be enforceable by your local authority.
6. Currency Risk: Profits/losses may be impacted by exchange rate changes when converting to your account currency.
7. Liquidity Risk: Inability to trade due to low liquidity may result in larger-than-expected losses. Margin recalculations can force additional funding.
8. Stop-Loss Limits: Stop-loss features may not execute during fast market moves or closures, exposing you to further risk.
9. Execution Risk: Market moves during order delays may result in unfavorable execution prices. Off-hours trading adds to volatility and spread risks.
10. Counterparty Risk: CFD providers may default. If client funds aren't segregated, losses may occur.
11. Trading Systems: System errors or outages can prevent order execution. Liability varies by platform or exchange.
12. Electronic Trading: Hardware/software failures may cause execution delays or monitoring failures.
13. Over-the-Counter (OTC) Transactions: OTC trades may have less regulatory protection and increased difficulties in closing positions or price discovery.

3. Limitation of Liability

The Company, its employees, and representatives do not guarantee profits or risk-free trading. Clients must fully understand and accept all risks before engaging in margin trading.

HS-Markets Limited — October 2024