Risk Disclosure

This Risk Disclosure sets out material risks associated with trading contracts for difference and other leveraged products (together, “leveraged products”) and with using the Ironarb Capital platform (the “Platform”), our signals, analytics and related services.

This Risk Disclosure is not investment advice, a personal recommendation, or any assurance of performance. It does not describe every risk, nor does it explain how the risks described relate to your personal circumstances.

This Risk Disclosure should be read together with your customer agreement, the relevant product specifications, our order-execution disclosures, the applicable schedule of fees and charges, and any other documents we provide to you. You should trade only if you understand the nature of leveraged products and the extent of your exposure to risk. If you are in any doubt, you should obtain independent professional advice.

Leveraged products are complex instruments and carry a high risk of losing money rapidly because of leverage. You may lose a significant portion or all of the money you deposit and, depending on your circumstances and the protections that apply to you, you may lose more than your deposit.

Leverage amplifies outcomes. Small movements in a market can produce disproportionately large profits or losses, and trading on leverage can substantially increase both gains and losses.

Past performance is not a reliable indicator of future results. This applies equally to any backtests, hypothetical or simulated results, illustrations or examples. You should not trade with money you cannot afford to lose, and you should not rely on trading profits to meet living expenses, debt obligations or other essential costs.

Unless we expressly agree otherwise in writing under a separate advisory arrangement, our services are provided on an execution-only and self-directed basis. You are solely responsible for:

• evaluating whether trading is appropriate for you;
• understanding product features, margin requirements and costs;
• monitoring your positions and risk exposure; and
• deciding whether, when and how to place orders.

Any content, market commentary, signals, analytics, educational materials or AI-assisted outputs are provided for general information only and do not take account of your objectives, financial situation or needs. They may be wrong, incomplete, delayed, or based on assumptions that do not hold.

Nothing in this Risk Disclosure transfers to us responsibility for your trading decisions. We do not accept responsibility for losses arising from your investment decisions, except to the extent such responsibility cannot be excluded under applicable law.

Leverage and margin. Leveraged products typically require you to post margin rather than pay the full value of an exposure, so your market exposure can be much larger than your deposit. Losses can accumulate quickly and may exceed the funds available in your account, subject to any mandatory protections that apply to you. If your account equity falls below the required level, we may require additional funds and/or close out positions without prior notice where permitted. Margin requirements can change at short notice in response to volatility, liquidity conditions, concentrated exposure or regulatory requirements.

Stop orders are not guaranteed. Stop-loss and take-profit orders may not execute at the price you specify. During fast-moving markets or price gaps, execution may occur at the next available price, which can be materially worse than expected. Such orders may reduce risk, but they cannot eliminate the risk of loss.

Gapping and extreme moves. Markets can gap because of news, economic events, geopolitical shocks, trading halts or low liquidity. A gap can cause immediate losses beyond your intended risk limit, orders executing far from requested levels, and/or forced liquidation at unfavourable prices.

Holding and financing costs. Positions held over time may incur financing or rollover charges (or credits). Holding costs can be significant and can turn an otherwise profitable trade into a loss. The rates and methodologies used to calculate financing may change.

Spread and pricing risk. Pricing typically includes a spread, which may widen materially during volatility, illiquidity, market opens and closes, or disruptions. Quoted prices may differ from prices available elsewhere because of data latency, venue differences and execution arrangements, and indicative prices may not be executable prices.

Short exposure. Leveraged products can provide short exposure. If the underlying price rises, losses on a short position can be substantial and may accumulate rapidly.

Liquidity risk. Some instruments trade infrequently or may become illiquid. Illiquidity may make it impossible to open or close a position at a desired time, may result in partial fills where applicable, may cause execution at materially worse prices, and may widen spreads and increase slippage.

Volatility risk. Increased volatility can lead to rapid changes in your account equity, to stop-outs, and to forced closures of positions.

Trading halts and extraordinary events. Underlying markets may be halted or suspended, instruments may be delisted, and trading hours may change. In such cases we may restrict new orders, close positions where continued quoting is not practicable, and/or determine a fair price using reasonable methodologies consistent with your customer agreement and applicable requirements.

Queued or delayed orders. Orders placed outside trading hours, during outages, or during exceptional conditions may be queued, rejected, or executed at the next available opportunity, which may be at a materially different price.

Counterparty risk. Leveraged products are often over-the-counter contracts. Where we act as your counterparty, your exposure includes the risk that we fail to meet our obligations to you.

Conflicts of interest. Where we act as principal, we may earn revenue from spreads, financing, commissions where applicable, and other charges. We maintain policies designed to identify and manage conflicts of interest, but conflicts cannot be eliminated entirely.

Client money and insolvency. Where applicable, client money is held in accordance with the relevant rules and arrangements described in your customer agreement and related disclosures. However, no safeguarding arrangement can eliminate all risk in an insolvency scenario; recovery may be delayed and may be affected by legal and administrative processes.

Trading through an electronic platform involves operational and technology risks, including:

• platform outages, latency, system errors and maintenance downtime;
• connectivity failures affecting your internet connection, device or network;
• disruptions to third-party services such as hosting, market data and payment providers;
• cyber incidents, malware, credential theft, phishing or other unauthorised access.

These risks can prevent you from placing, modifying or closing orders and positions, can cause delayed, erroneous or missed execution, and can result in incomplete information being displayed, including prices, charts and account data.

You are responsible for maintaining adequate security, including safeguarding your credentials and the devices you use to access the Platform.

If your account is denominated in one currency while your positions, fees or funding are in another currency, you are exposed to foreign exchange risk.

Currency conversion rates and the costs of conversion can affect your returns, your margin and the outcome of any liquidation, including during adverse moves in exchange rates.

Your trading returns are affected by costs, which may include spreads, financing or rollover charges, commissions where applicable, market data fees where applicable, currency conversion costs, and subscription fees for analytics or signals. Fees and charges reduce returns.

Frequent trading and short-term strategies can generate substantial cumulative costs that materially impair performance, even where individual trades appear profitable. You should consider the overall effect of costs on your strategy before trading.

This section highlights additional risks commonly associated with the underlying markets. The precise product specification and trading conditions for each instrument are shown on the Platform.

Foreign exchange. Currency markets can be highly volatile and are sensitive to interest-rate decisions, central-bank actions, economic releases and geopolitical events. Liquidity can deteriorate sharply around major announcements, widening spreads and increasing slippage, and in extreme events these markets can gap significantly.

Indices. Index levels can move sharply because of broad economic events, constituent results and periodic rebalancing. Volatility spikes can widen spreads and deplete margin rapidly, and trading hours and holiday schedules may differ from your local time, affecting execution.

Commodities. Commodity prices can be driven by supply shocks, weather, geopolitics, inventory data and transportation constraints. Certain commodity reference markets can be subject to limit moves, suspensions or extraordinary volatility, and some commodity exposures reflect futures-market dynamics, including roll effects, which can influence pricing and holding costs.

Shares and equity-related instruments. Equity prices can gap on results, corporate actions or news, including outside regular market hours. Corporate actions such as dividends, splits, mergers, rights issues and delistings can affect pricing and may require adjustments to positions. Single-stock instruments can become illiquid or be subject to trading halts, and in extreme cases values can decline to near zero.

Exchange-traded funds and products. These can trade at a premium or discount to net asset value, and their liquidity depends on both the product and its underlying holdings, so stressed markets can impair execution. Leveraged and inverse products, where referenced, can behave differently than expected over time and can amplify volatility.

Interest-rate products. Rate expectations can change quickly because of inflation data, central-bank communications and broader economic developments. Liquidity may be concentrated in particular maturities and can vary between trading sessions.

Cryptoassets. Where permitted and available, cryptoasset-related products can be extremely volatile, with rapid and large price swings. The legal and regulatory treatment of cryptoassets and related derivatives can change quickly and may restrict availability. These markets may be exposed to heightened fraud, cyber risk, market manipulation and operational failures in the wider ecosystem, and certain products may be unavailable to some clients or offered only where permitted by applicable law and your classification.

If you subscribe to signals or analytics, you acknowledge that:

• signals and analytics are not guarantees of profit and may result in losses;
• any levels, such as entries, targets or invalidation points, are informational only; and
• model-driven outputs can fail during regime shifts, abnormal volatility or illiquid markets.

AI-assisted features may generate outputs that appear confident but are incorrect or incomplete. You must independently verify any information you use to make trading decisions.

You remain solely responsible for deciding whether to act on any signal, alert, insight or AI-generated output.

Changes in law and regulation may affect the availability of products, margin requirements, trading hours, taxation and reporting obligations. The competent authority may impose requirements or restrictions that affect the services available to you.

You are responsible for understanding and meeting your own tax obligations arising from trading and from any subscriptions. The tax treatment of your activity depends on your individual circumstances and may change. You should seek independent tax advice where appropriate.

Where permitted by your customer agreement and applicable law, we may:

• require you to complete assessments and provide information;
• restrict products, leverage or trading functionality;
• refuse orders or close positions; and
• change margin requirements or risk limits,

including in order to manage risk, comply with regulatory requirements, or protect the integrity of the Platform. Any risk controls we apply do not guarantee protection from losses and do not shift responsibility for trading outcomes from you to us.

By opening an account, trading, and/or using the Platform, you confirm that:

• you have read and understood this Risk Disclosure;
• you understand that leveraged products may result in rapid losses and that you may lose all invested capital, and potentially more, depending on the protections that apply to you;
• you understand that stop orders are not guaranteed and that gaps and slippage can occur;
• you understand that signals, analytics and AI tools are informational only and are not investment advice; and
• you accept responsibility for your own trading decisions and risk management.

If you have any questions about this Risk Disclosure, please contact us.