THE RISK OF LOSS IN THE OFF EXCHANGE RETAIL FOREIGN CURRENCY MARKET (FOREX) CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FX TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. IN SOME CASES, MANAGED TRADING ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES. IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS. THIS DISCLOSURE CONTAINS A COMPLETE DESCRIPTION OF THE PRINCIPAL RISK FACTORS AND EACH FEE TO BE CHARGED TO YOUR ACCOUNT BY THE COMMODITY TRADING ADVISOR (“CTA”). THE REGULATIONS OF THE COMMODITY FUTURES TRADING COMMISSION (“CFTC) REQUIRE THAT PROSPECTIVE CLIENTS OF A CTA RECEIVE THIS DISCLOSURE WHEN THEY ARE SOLICITED BY THE CTA TO ENTER INTO AN AGREEMENT WHEREBY THE CTA WILL DIRECT OR GUIDE THE CLIENT’S FX TRADING AND THAT CERTAIN RISK FACTORS BE HIGHLIGHTED. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL OF THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE FX MARKETS. THEREFORE, YOU SHOULD REVIEW THIS DISCLOSURE AND STUDY IT CAREFULLY TO DETERMINE WHETER SUCH TRADING IS APPROPRIATE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN THE TRADING PROGAM DESCRIBED HERE NOR ON THE ADEQUACY OR ACCURACY OF OUR DISCLOSURE. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED TO YOU BEFORE A COMMODITY ACCOUNT MAY BE OPENED FOR YOU. THE INFORMATION CONTAINED IN THIS HAS BEEN PREPARD BY FOREX FUNDS LLC FROM SOURCES DEEMED RELIABLE, BUT FOREX FUNDS LLC DOES NOT GUARANTEE THE ADEQUACY, ACCURACY OR COMPLETEMESS OF ANY INFORMATION. NEITHER FOREX FUNDS LLC NOR ANY OF ITS RESPECTIVE AFFILIATES, OFFICERS, DIRECTORS, AGENTS AND EMPLOYEES MAKE ANY WARRANTY, EXPRESS OR IMPLIED, OF ANY KIND WHATSOEVER, AND NONE OF THESE PARTIES SHALL BE LIABLE FOR ANY LOSSES, DAMAGES, OR COSTS, RELATING TO THE ADEQUACY , ACCURACY OR COMPLETENESS OF ANY INFORMATION IN THIS REPORT. WITH REGARD TO ALL PERFORMANCE INFORMATION CONTIANED IN THIS REPORT, USERS SHOULD NOTE THE FOLLOWING: PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

 

 

The Futures Commission Merchant (FCM) and Referring Broker (IB) are compensated for their services through the spread between the bid/ask prices.