Risk Warning

The purpose of this document is to inform you of the possible risks associated with trading Contracts For Difference (CFDs) through a managed account as required under the Markets in Financial Instruments Directive (MiFID). By reviewing this document, you are under no obligation to commit to an investment with us. It is acknowledged and therefore should be noted, that the Risk Disclosure does not contain all the risks involved in trading CFDs through a managed account and acts as a guide to assist the Client in acknowledging the major risks involved. Clients should ensure that their decision is made on an informed basis.

The Company offers discretionary portfolio management services through electronic trading. There are risks involved in this type of trading including but not limited to software failure, input errors caused by price feed errors outside the Company’s control, internet connection issues and electronic failures. Whilst each managed account is monitored/operated by our Portfolio Management Function in accordance with specific mandates and risk limits agreed with each client within the context of the individual Investment Policy Statement (IPS), human errors can occur; therefore, certain positions may be opened or closed incorrectly resulting in unforeseen losses and/or other adverse consequences.

The high degree of leverage associated with these types of investments (CFDs) means that the degree of risk compared to other financial products is higher. Leverage (or margin trading) may work against you resulting in substantial loss as well as for you resulting in substantial gain.

Past performance[s] of these types of investments does/do not guarantee any future results.

You must also bear in mind that apart from relevant execution fees as stated under the contracts specification section (link should be added) and apart from portfolio management related fees (as stated in the detailed compensation acknowledgement signed with each client), tax liabilities may also arise for which the Client is personally responsible. The Company accepts no liability for any tax you may be required to pay on any profits made through your managed account with us.

Before providing permission for the Company to trade on your behalf, you should carefully consider your investment objectives, level of financial experience, and risk appetite. Each client receiving portfolio management services from the Company is required to undergo the appropriateness test and to also complete the relevant suitability test in order to ensure that the said service is suitable to the Client’s individual characteristics in terms of risk/reward trade-off.

If you are at all unsure as to the suitability of the products offered by X Global Markets Ltd, please seek independent financial advice.

There is always a relationship between high reward and high risk. Any type of market or trade speculation that can yield unusually high returns is subject to comparatively higher risk.

Only excess funds should be placed at risk and anyone who does not have such funds should not participate in investing in CFDs.

Discretionary investment management