Risk Disclosure and Warning NoticeContracts for Difference (hereinafter “CFDs”) are complex instruments that provide no capital
protection, and no guaranteed return, whereas the trading results are magnified due to theeffect of leverage. Trading CFDs is not suitable for all investors; traders should make sure thatthey fully understand the features of the product and the risks involved before opening trading
account(s). Traders should ensure that they only trade the amounts they can afford to lose, while
being aware of trading risks.

Scope of the Risk Disclosure
The Risk Disclosure and Warning Notice (hereinafter “Risk Disclosure document”) outlines on afair and non-misleading basis the general nature of the risks involved when dealing with CFDs.
Clients should not commence trading in CFDs unless they understand the risks involved. It should
be noted that it is impossible for the Risk Disclosure document to contain all the risks and aspects
involved in trading CFDs, nor how such risks relate to each client's personal circumstances.
Clients need to ensure that their decision is made on an informed basis. Clients may seek
professional independent advice before commencing trading.
This disclosure is provided for informational purposes and should not be treated as marketing
material or any form of client solicitation.
The Risk Disclosure document should be read in conjunction with the Client Agreement andGeneral Business Terms that are available on the website.

Main risks associated with transactions in CFDs
Use of leverage
Leverage in CFD transactions allows clients to gain exposure to the underlying asset with asmaller upfront investment, known as margin.
While leverage is a powerful tool, it can be seen as a double-edged sword. This is because bothprofits and losses can be magnified by even small market movements; and clients could incurlarge losses if their position moves against them. However, retail clients cannot lose more thanthe balance on their trading account(s) as the Company provides “negative balance protection”.
Before investing in margin trading instruments, clients shall ensure that they only invest funds
that they can afford to lose.

Credit and Insolvency Risk
When trading CFDs, clients are effectively entering into an over-the-counter (hereinafter “OTC”)
transaction; this implies that any position opened with the Company cannot be closed with anyother entity. OTC transactions may involve greater risk compared to transactions executed on
regulated markets (e.g. traditional exchanges); this is due to the fact that in OTC transactions,
there is no central counterparty and either party to the transaction bears certain counterparty
credit risk.
The Company’s insolvency or default may lead to positions being liquidated or closed out without
the client’s consent.

Market Risk
CFDs are exposed to market events, such as the implementation of governmental, agricultural,commercial and trade programs and policies, national and international socioeconomic andpolitical events, natural disasters etc., which may substantially affect the price or availability of agiven underlying asset. Based on the underlying of each contract, clients are exposed to different
types of market risk such as interest rate risk, commodity risk, equity risk, foreign exchange risk,and others.
Clients must therefore carefully consider their investment objectives, level of knowledge andexperience as well as their risk appetite prior to entering this market.
Volatility Risk
Volatility risk can significantly impact a CFD position, as higher volatility may lead to larger priceswings, increasing both the potential profits and losses.
Clients should understand and agree that if market conditions become abnormal and/or too
volatile, the time required to process their orders and instructions may increase.
Foreign Exchange/Currency Risk
Be aware of currency risk. It is possible to buy or sell CFDs in a currency that is different from thebase currency of your account. In such cases, the movement in foreign exchange rates may affectyour realized profit or loss. Furthermore, clients face foreign exchange risk if they make payments
in a currency that differs from the currency of their trading accounts.
Liquidity Risk
Liquidity risk refers to the possibility that certain underlying assets may not be readily tradable orlack immediate market liquidity during a specific time frame, which could result in losses that aredifficult to prevent or mitigate. In such cases, the bid-ask spread may become wider, making
transactions more expensive.
Technical Risk
Technical risk is an inherent aspect of online trading, encompassing potential challenges arisingfrom hardware and software failures, connectivity issues, electricity network failures, hacker
attacks, connection overload, system malfunctions, and other technical factors that may impact
order execution and overall trading performance. Traders should use reliable technology andantivirus software, and maintain a stable internet connection. Additionally, they should implement
effective risk management trading strategies and stay informed about platform updates while
having contingency plans for technical failures. Traders should refrain from sharing login
credentials and should utilize strong and unique passwords.
Trading Platforms
All clients' instructions are sent to our server and executed in order. Therefore, clients cannot
send a second order until their previous order has been executed. If a second order is received
before the first is processed, the second order will be rejected. Clients assume responsibility for
any unplanned trading operation that may be executed if they resubmit an order before being
notified of the results of the first order.
Clients must understand that closing the order window or position window does not cancel a
submitted order.
Clients acknowledge that only the quotes received from our server are valid. If there is a problem
in the connection between the client terminal and our server, the client can retrieve undelivered
quote data from the client terminal's quote database.
Communication
There is a risk that the client may miss important communications if their communication channels
are not up-to-date or functioning properly. It is crucial for the client to ensure that their contact
information is current and reliable to avoid any potential communication gaps and associatedconsequences.
Abnormal Market Conditions – Suspensions of Trading
Under certain trading conditions, it may be difficult or impossible to execute or liquidate aposition, or the period during which the Clients’ orders are executed may be extended. This may
occur, for example, at times of rapid price movement, when the prices rise or fall in one trading
session to such an extent that trading may be suspended or restricted. Placing a stop loss order
will not necessarily eliminate clients’ losses to the intended amounts, because market conditions
may make it impossible to execute such an order at the stipulated price. In addition, under certain

market conditions, the price at which a stop loss order is executed may be worse than its
stipulated price and the realized losses can be greater than expected.
Force Majeure Events
The Company is not responsible for financial losses arising from force majeure events. Theseevents are extreme and unavoidable circumstances that are independent of the will and actionsof the agreement participants, and that cannot be foreseen, prevented, or eliminated, including
but not limited to natural disasters, fires, man-made accidents and disasters, emergencies atutility works and on utility lines, DDOS attacks, riots, military actions, terrorist attacks, uprisings,
civil unrest, strikes, and the regulatory acts of state and local government authorities.
SlippageSlippage is a phenomenon when the requested price has slipped, i.e. the order was opened witha different price from the requested price. It refers to the difference between the expected priceof a trade and the price at which the trade is executed. Slippage can occur at any time, but ismost prevalent during periods of high volatility. Slippage does not denote a negative or positive
movement because any difference between the intended execution price and the actualexecution price qualifies as slippage. The final execution price vs. the intended execution pricecan be categorized as positive slippage, no slippage, or negative slippage. A market order may
get executed at a less or more favorable price than originally intended when this happens.
Risks associated with the laws of individual governments
Clients assume responsibility for trading and non-trading operations performed within countries
where they are restricted or prohibited by law.
Third-Party Risk
The Company may deposit client money with a third party. Although the Company shall exercise
due skill, care, and diligence in the selection of such a party, it is understood that there arecircumstances beyond the control of the Company and hence the Company does not accept any
liability or responsibility for any resulting losses to the client as a result of the insolvency or any
other analogous proceedings or failure of such third parties.

Additional Disclosures
Margin Requirements
Clients must maintain the minimum margin requirement on their open positions at all times. It isthe clients' responsibility to monitor their account balance and ensure that sufficient funds are inplace to cover their trading strategy and minimum margin requirements. Failure to do so, may
result in positions in the client's trading account, being liquidated. Clients should not rely on
last-minute deposits.

Rights to Underlying Assets
CFDs do not provide any rights to the underlying instruments.
Taxation
The clients should seek independent tax advice, if necessary, to establish whether they are
subject to any tax, including stamp duty.
Impersonation Risk
There might be cases of fraudulent impersonation of the Company’s officers and representatives.
Clients should not share their personal data, including information about their trading accounts,
with persons who appear to represent the Company unless they have ensured that such persons
communicate from the official contact details and domains of the Company.
In case of any queries in regard to the content of this document and the features of our products,
you may contact our customer support at support@exness.com.
Before deciding to trade, you should carefully consider your financial situation, objectives andneeds, and seek independent financial, legal, tax, and/or other professional advice.
In case of question about any of the risks arising out of trading, you should consult with your own
legal, tax, and other financial advisers prior to entering into any particular transaction with theCompany.