Risk Disclosure Policy

ProuFX (the “Company”) allows its users (hereinafter: "you", "User" or "Users") using the trading platform available on www.proufx.com (the “Website”) to trade in highly speculative investments which involve a significant risk of loss. Such trading is not suitable for all investors so Users must ensure that Users fully understand the risks before trading. Company does not manage, or offer any legal, tax, accounting or investment advice or recommendation regarding suitability, profitability, investment strategy or other matter.


All Users and prospective Users should read carefully the following risk disclosure and warnings contained in this document, before applying to Company to use its software and before beginning to trade in various financial instruments. However, it is noted that this document cannot and does not disclose or explain all of the risks and other significant aspects involved in dealing with Forex trading. The notice was designed to explain in general terms the nature of the risks involved when dealing with Forex trading in a fair and non-misleading way.


Trading in Forex is VERY SPECULATIVE AND HIGHLY RISKY and is not suitable for all members of the general public, but only for investors who:

  1. Understand and are willing to assume the economic, legal and other risks involved.
  2. Taking into account their personal financial circumstances, their financial resources, life style and obligations are financially able to assume the loss of their entire investment.
  3. Acknowledge that User runs a great risk of incurring losses and damages as a result of trading of any Forex and accepts that User is willing to undertake this risk.
  4. Have the knowledge to understand Forex trading and the underlying assets and markets.
  5. Acknowledge that regardless of any information which may be offered by the Company, the value of any investment in Forex may fluctuate downwards or upwards and it is even probable that the investment may become of no value at all.

Company will not provide Users with any advice relating to Forex, the underlying assets and markets or make investment recommendations of any kind. So, if User does not understand the risks involved, User should seek advice and consultation from an independent financial advisor. If User still does not understand the risks involved in trading in Forex then User should not trade at all.

Forex are derivative financial instruments deriving their value from the prices of the underlying assets/markets to which they refer (for example: currencies, equity indices, stocks, metals, indices futures, forwards, etc.). It is important, therefore, that User understands the risks associated with trading in the relevant underlying asset/market because fluctuations in the price of the underlying asset/market will affect the profitability of his trade.

General Risks

The provision of the services offered on the Website by the Company are subject to User’s acknowledgements, understanding and acceptance of the risks included as follows and without limitations:

Volatility - movements in the price of underlying assets/markets can be volatile and unpredictable. This will have a direct impact on User's profits and losses. Understanding the volatility of an underlying market will help guide User regarding how to trade and how much he is willing to lose.

Market liquidity - The prices of Forex will be influenced by, amongst other things, changing supply and demand relationships, governmental, agricultural, commercial and trade programs and policies, national and international political and economic events and the prevailing psychological characteristics of the relevant market place and some of the Forex underlying assets may not become immediately liquid as a result of reduced demand for the underlying asset. So, market conditions can change significantly in a very short period of time and hence, under certain market conditions, it may be impossible for User's order to be executed, leading to losses.

Market Conditions - under certain market conditions (for example but not limited to the following situations: force majeure event, technical failure, communications network failure, poor or no liquidity, market news or announcements etc.) it may be difficult or impossible to execute an order.

The User is warned that when trading in an electronic platform User assumes risk of financial loss which may be a consequence of amongst other things: (a) Failure of User’s devices, software and poor quality of connection. (b) Company’s or User’s hardware or software failure, malfunction or misuse. (c) Improper work of User’s equipment. (d) Wrong setting of User’s terminal. (e) Delayed updates of User’s terminal. (f) Market Swings.

Market Swings – a swing is sudden shift in the price of an underlying asset from one level to another which may be a result of various factors leading to gapping (for example, economic events or market announcements) which may occur both when the underlying market is open and when it is closed. Upon the occurrence of such price shifting events as aforementioned, while the underlying market is closed, the price of the underlying market (and therefore our derived price) can be marked different from the closing price upon the market’s opening, with no opportunity to close your trade in-between. Gapping can result in a significant loss or profit. Furthermore, User’s account can go into negative balance leading to lose by User of all the money deposited and in some events may lead to incurring additional debt to the Company equal to the negative difference to zero, which User will be responsible to cover.

In addition, the Company can cancel any or all the deals within 10 days term following its execution due to technical problems, wrong quotes, spreads or decision of Company’s risk management concluding that the User inflicts a significant risk to the Company, in which case the User’s balance will be refunded back to the User (not including any profits or bonuses received by User as a result of the events leading to cancellation of the deals by the Company).

Trading Platform Risks - Users undertaking transactions on an electronic trading system will be exposed to risks associated with the system including the failure of hardware and software (Internet/Servers). The result of any system failure may be that an order is not executed according to the instructions provided for it or it is not executed at all. Company does not accept any liability in the case of such failure. The use of wireless connections or dial-up connections, or any other form of unstable connection at the User’s end, may result in poor or interrupted connectivity or lack of signal strength causing delays in the transmission of data between the User and the Company, when using the Company’s electronic trading platform. Such delays or disturbances may result in User sending out of date market orders. In these circumstances, the Company will update the price and execute the order at the best available “market price”.

General Acknowledgements

User acknowledges that User should obtain details of all commissions and other charges for which the User will be liable. If any changes are not expressed in money terms (but for example a dealing spread), the User should ask for a written explanation, including appropriate examples, to establish what such charges are likely to mean in specific money terms.

Rights to Underlying Assets – Users acknowledge that Users have no rights or obligations in respect of the underlying assets relating to User’s trading.

The User acknowledges that the Company is not an Advisor or Fiduciary of User – User acknowledges that while Company may disclose generic market recommendations, such generic recommendations do not constitute a personal recommendation or investment advice and does not take under consideration any of User’s personal circumstances or investment objectives nor is it an offer to trade, or the solicitation of an offer to trade in any Forex. Each decision made by the User to trade in Forex using the Website and each decision as to whether a transaction is appropriate or proper for the User is an independent decision made by the User himself. The Company does not act as an advisor or serving as a fiduciary to the User. The User agrees that the Company has no fiduciary duty to the User and no liability in connection with and is not responsible for any liabilities, claims, damages, costs and expenses, including attorneys’ fees, incurred in connection with the User following the Company’s generic trading disclosures or taking or not taking any action based upon any generic disclosures or information provided by the Company.

No Guarantees of Profit – User acknowledges that there are no guarantees of profit or avoidance of losses when trading in Forex. The User has not and will not receive any such guarantees from the Company or from any of its representatives. The User must become aware of the risks inherent in trading in Forex and is financially able to bear such risks and withstand any losses incurred.

It is understood that when it comes to trading in currencies, there may be situations, movements and/or conditions occurring at weekend, in the beginning of week or intra-day after release of significant macroeconomic figures, economic or political news that make currency markets to open with price levels that may substantially differ from previous prices.

*HIGH RISK INVESTMENT WARNING* Trading in Forex is highly speculative and involves a high level of risk of losing your investment. This Risk Warning Notice cannot and does not disclose all the risks and other significant aspects of option and derivative trading. You should not speculate with capital that you cannot afford to lose.