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FXCM Micro Disclosure
About Us |
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| Notices and Disclosures to You (Trader, Client, Accountholder) |
| In submitting an account application and agreement to FXCM Micro you are bound by a Legal Contract. Please Read It Carefully.
This is a legal contract between Forex Capital Markets, LLC, (hereinafter referred to as FXCM Micro) a limited liability corporation organized under the laws of the state of Delaware, its successors and assigns, and the party (or parties) executing this document. |
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| Trading Agreement |
Please be advised that your account will always be subject to the most current version of the Client Trading Agreement. The most current version of the agreement can be viewed here: Current Terms and Agreement.
www.forexmicrolot.com/open-an-account.jsp |
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| Risk Disclosure |
| This brief statement does not disclose all of the risks and other significant aspects of spot foreign currency trading (“Forex”). In light of the risks, you should undertake such transactions only if you ("Trader" or "Client") understand the nature of the trading into which you are about to engage and the extent of your exposure to risk. Trading in Forex is not suitable for many members of the public. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances. Although you have already acknowledged all the risks associated with opening an account and currency trading, please ensure you have fully understood all disclosures mentioned in the client trading agreement, in addition to reviewing the following disclaimer www.forexmicrolot.com/risk-warning.jsp. If you have any questions or concerns regarding any of the information provided, please be sure to contact us prior to trading. |
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| Consent to Electronic Transmission of Confirmations and Account Statements |
| Client hereby consents to have Client's account information, account transactions, and trade confirmations available on the Internet in lieu of having such information delivered to Client via mail or email. Client will be able to access account information via the FXCM Micro website using Client's account login information to access the account. FXCM Micro will post all of Client's account activity and Client will be able to generate daily, monthly and yearly reports of account activity as well as a report of each executed trade or transaction. In the event that any discrepancies are found by Client, he should notify FXCM Micro within 24 hours of it being posted. Updated account information will be available no more than twenty-four hours after any activity takes place on Client's account. Posting of account information on Client's online account will be deemed delivery of confirmation and account statements. At all times, account information will include trade confirmations with ticket numbers, purchase and sale rates, used margin, amount available for margin trading, statements of profits and losses, as well as current open or pending positions. Client may revoke this consent at any time upon written notice to FXCM Micro. |
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| High Risk Investment Notice |
In addition to standard industry disclosures contained in this Agreement, you should be aware that margined currency trading is one of the riskiest forms of investment available in the financial markets and is only suitable for sophisticated individuals and institutions. An account with FXCM Micro permits you to trade foreign currencies on a highly leveraged basis (400 times your account equity or as otherwise permitted by applicable regulation). An initial deposit of $100 may enable the trader to take a maximum position with $4,000 notional market value. The funds in an account trading at maximum leverage can be completely lost, if the position(s) held in the account has a two percent swing in value. Given the possibility of losing an entire investment, speculation in the foreign exchange market should only be conducted with risk capital funds that if lost will not significantly affect your personal or institution's financial well being.
If you have pursued only conservative forms of investment in the past, you may wish to study currency trading further before continuing an investment of this nature. You must realize that you could sustain a total loss of all funds you deposit with your broker as initial margin as well as substantial amounts of capital, when trading currencies, should the market go against your investment. If you wish to continue with your investment, you acknowledge that the funds you have committed are purely risk capital and loss of your investment will not jeopardize your style of living nor will it detract from your future retirement program. Additionally, you fully understand the nature and risks of currency investments, and your obligations to others will not be neglected should you suffer investment losses.
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