FXCM Bullion Risk Warning
High Risk Investment
Trading Over the Counter (OTC) Gold/Silver Bullion on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade OTC Gold/Silver Bullion offered by FXCM Bullion Limited you should carefully consider your objectives, financial situation, needs and level of experience. FXCM Bullion Limited provides general advice that does not take into account your objectives, financial situation or needs. The content of this Website must not be construed as personal advice. The possibility exists that you could sustain losses in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin. FXCM Bullion Limited recommends you seek advice from a separate financial advisor.
OTC Gold/Silver Bullion trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission ("SFC") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.
Please note that commensurate with the opening/closing of the market for the underlying instrument, traders may experience gaps in market prices. Due to the volatility expressed during these time periods, trading at the open or at the close, can involve additional risk and must be factored into any trading decision. These time periods are specifically mentioned because they are associated with the lowest levels of market liquidity and can be followed by significant movements in prices for both the OTC Gold/Silver Bullion.
OTC Gold/Silver Bullion trading allows you to potentially profit or sustain a loss from the fluctuations in the price of the underlying instrument. The price of OTC Gold/Silver Bullion is based on the price of the underlying instrument and is not traded on an exchange, despite the status, or location of the underlying instrument. Therefore, it is an over-the-counter (OTC) product, and you are trading with FXCM Bullion Limited as the counterparty to all transactions you undertake.
OTC Gold/Silver Bullion transactions are executed on a dealing desk execution model or no dealing desk execution model. The dealing desk model gives FXCM Bullion Limited discretion on when and how it offsets client trades with their respective counterparties. Specifically, FXCM Bullion Limited is a market-maker, not a broker. Accordingly, you will be trading OTC Gold/Silver Bullion directly with FXCM Bullion Limited, and not on any financial market. FXCM Bullion Limited will always act as principal, not as an agent, for its own behalf in respect of all OTC Gold/Silver Bullion transactions with you.
In a no dealing desk execution model, FXCM Bullion Limited provides execution via straight through processing. FXCM Bullion Limited reserves the right to switch a client's execution without prior consent from client for any reason.
FXCM Bullion Limited does not permit the practice of arbitrage when trading OTC Gold/Silver Bullion. Transactions that rely on price latency arbitrage opportunities may be revoked and FXCM Bullion Limited reserves the right to make necessary corrections or adjustments on the account, without prior notice. In accordance with FXCM Bullion Limited's Client Agreement, accounts that rely on arbitrage strategies may be subjected to intervention, which may include widening the spreads on your account.
OTC Gold/Silver Bullion trading is available to trade 23 hours per day. During these hours you are able to open and close trades and place limit and stop orders. When the market is closed you will not be able to place any trades, stops or limits.
FXCM BULLION MARKET OPINIONS
Any opinions, news, research, analyses, prices, or other information contained on this Web site is provided as general market commentary, and does not constitute investment advice. FXCM Bullion Limited will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
INTERNET TRADING RISKS
There are risks associated with utilising an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since FXCM Bullion Limited does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. FXCM Bullion Limited employs backup systems and contingency plans to minimize the possibility of system failure, and trading via telephone is available.
ACCURACY OF INFORMATION
The content on this Web site is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. FXCM Bullion Limited has taken reasonable measures to ensure the accuracy of the information on the Web site. However, FXCM Bullion Limited does not guarantee its accuracy, and will not accept liability for any loss or damage that may arise directly or indirectly from the content or your inability to access the Web site, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this Web site.
This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in this Web site are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this Web site to ascertain the terms of and comply with any local law or regulation to which they are subject.
The trading platform provides sophisticated order entry and tracking of orders. FXCM Bullion Limited will make best efforts to fill your trade at the price requested. Trading on-line, no matter how convenient or efficient does not necessarily reduce risks associated with OTC Gold/Silver Bullion trading. All quotes and trades are subject to the terms and conditions of the Client Agreement of FXCM Bullion Limited.