NexGen Signals & Contracts for Difference referred to as CFDs & are complex financial products, most of which have no set maturity date. Therefore, a position matures on the date you choose to close an existing open position. CFDs and NexGen Signals, which are leveraged products, incur a high level of risk and can result in the loss of all of your invested capital. As a result, they may not be suitable for all individuals. You should not risk more than you are prepared to lose. Before deciding to trade, you should ensure that you understand the risks involved and take into account your level of experience. You should seek independent advice, if necessary.
NexGen Signals offers various financial products allowing for among others, the carrying out of transactions in Contracts for Difference including but not limited to, NexGen Signals, foreign currency exchange rates, indices, commodities, futures and options and other financial assets or CFDs. However owing to the fact that different regulations & taxation apply in different regions, restrictions may apply and some or all of the financial products offered by NexGen Signals may not be intended for clients in certain regions, recipients residing in countries where the provision of such products and services would constitute a violation of mandatory applicable legislation or regulations are strongly advised to obtain independent investment, financial, legal and tax advice regarding trading NexGen Signals, Stocks, and other assets before trading. Under no circumstances will the Company be liable for any consequential, incidental, special, legal, punitive or exemplary damages arising by trading, registering or any use of this site.
This is a general risk warning and the Information provided herein is of a general nature dealing with all the products offered by NexGen Signals. This risk disclosure cannot and does not disclose all of the risks of trading in spot foreign & foreign exchange contracts for difference referred to as CFDs.
The purpose of this notice is to describe the major risks of trading spot NexGen Signals and CFDs. you need to ensure that your decision is made on an informed basis
You should not engage in speculative spot NexGen Signals or CFD trading unless you understand the basic aspects of such trading and its risks. – for example, how positions are opened and closed, how profits and losses are made and the extent of your exposure to risk and loss. Trading in spot NexGen Signals and CFDs is speculative and involves a high degree of risk since it will be conducted using margin. The margin covers only a small percentage of the value of the foreign currency traded and high leverage hence small price changes in spot NexGen Signals or CFD can result in significant losses.
CFD and NexGen Signals trading is an agreement to either buy or sell a contract that reflects the performance of, including amongst others, NexGen Signals, precious metals, futures and shares; the profit or loss is determined by the difference between the price a CFD or Currency (NexGen Signals) is bought at and the price it is sold at and vice versa. CFDs and NexGen Signals
Market are traded on margin and it should be noted that no physical delivery of either the CFD or NexGen Signals or underlying asset occurs. It should also be noted that when you purchase, for example, CFDs on shares you are merely speculating on the share’s value to either increase or decrease.
CFDs fluctuate in value during the day; the price movements of CFDs are determined by a number of factors including but not limited to the availability of market information. It should be noted that the past performance of CFDs is not a useful indicator of future performance.
Therefore, trading in these contracts is appropriate only for persons who understand and are willing to assume the economic, legal and other risks involved in such transactions. You should be satisfied that spot NexGen Signals and CFD trading is suitable for you in the light of your financial circumstances and attitude to risk. If you are in any doubt as to whether spot NexGen Signals or CFD trading is suitable for you, please seek independent advice from a financial services professional. NexGen Signals does not provide such advice. You should not commence trading in CFDs unless you understand the risks involved.
The “gearing” or “leverage” available in CFDs and spot NexGen Signals trading (i.e. the funds NexGen Signals requires you to provide when a position is opened compared to the notional size of trade you can enter into) means that a small margin deposit can lead to large losses as well as gains. It also means that a relatively small movement can lead to a proportionately much larger movement in the size of any loss or profit.
You may lose all amounts you deposit with NexGen Signals as margin. The placing of certain orders (e.g. “stop-loss” or “limit” orders) that are intended to limit losses to certain amounts may not always be effective because market conditions or technological limitations may make it impossible to execute such orders. Please also note that for all orders (including guaranteed stop-loss orders) you may sustain the loss (which your order is intended to limit) in a short period of time.
You have to pay to NexGen Signals all losses you sustain as well as all other amounts payable under the terms and conditions for trading spot NexGen Signals and CFDs such as interest. If you decide to engage in CFD and/or spot NexGen Signals trading, you must accept this degree of risk. CFDs and spot NexGen Signals trades are not traded under the rules of a recognized or designated investment exchange. Consequently, engaging in CFDs and/or spot NexGen Signals trading may expose you to substantially greater risks than investments that are traded.
The potential for profit or loss from transactions on foreign markets or in foreign denominated contracts is affected by fluctuations in foreign exchange rates. Transactions involving foreign currencies, including CFDs and/or spot NexGen Signals trading, involves risks not present when dealing with investments denominated entirely in your domestic currency. Such enhanced risks include (but are not limited to) the risks of political or economic policy changes in a foreign nation, which may substantially and permanently alter the conditions, terms, marketability or price of a foreign currency. The profit or loss in transactions in foreign currency-denominated contracts (whether they are traded in your own or another jurisdiction) will also be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to another currency.
CFD & NexGen Signals trading, unlike traditional trading, enables you to trade the markets by paying only a small fraction of the total trade value. However, it should be noted that leverage, or gearing as it is often referred to, means that a relatively small market movement may lead to a proportionately much larger movement in the value of your position. NexGen Signals offers flexible leverage starting from 1:1 up to 1:400. It should be noted that the Firm shall monitor the leverage applied to your positions, at all times; the Firm reserves the right to decrease the leverage depending on your trading volume.
A swap is the interest added or deducted for holding a position open overnight. Depending on the position held and the interest rates of the currency pair involved in the transaction your trading account may either be credited or debited, accordingly. Your trading account is reconciled every day at about 23:59 server time and the resulting amount shall be automatically converted into the currency that your trading account is denominated in. Please note that the rollover interest rates charged by NexGen Signals are based on the interbank rates; NexGen Signals updates such rollover interest rates as often as it deems necessary. You agree that you shall be notified of the applicable swap value by visiting the NexGen Signals site. In addition, you are responsible for checking the applicable swap value prior to placing an instruction for trading.
As a foreign currency company, NexGen Signals may have access to information that is not available to you, may have acquired trading positions at prices that are not available to you, and may have different interests. NexGen Signals does not undertake any obligation to provide you with market or other information we possess, nor to alter or refrain from our own trading.
You need to ensure that you have sufficient margin on your trading account, at all times, to maintain an open position. In addition, you need to continuously monitor any open positions in order to avoid positions being closed due to the unavailability of funds; it should be noted that the Firm is not responsible for notifying you of any such instances.
NexGen Signals bears no responsibility for any loss that arises as a result of delayed or un-received communication sent to you by the Firm.
In addition, NexGen Signals bears no responsibility for any loss that arises as a result of unencrypted information sent to you by the Firm that has been accessed via unauthorised means. You are solely responsible for the privacy of any information contained within the communication received by NexGen Signals. Moreover, you accept that any loss that arises as a result of unauthorised access of a third party to your trading account is not the responsibility of NexGen Signals.
In case of a Force Majeure Event, you shall accept any loss arising Under abnormal market conditions,
CFDs may fluctuate rapidly to reflect unforeseeable events that cannot be controlled either by the Firm or you. As a result, NexGen Signals may be unable to execute your instructions at the declared price and a ‘stop loss’ instruction cannot guarantee to limit the latter’s loss.CFD prices are influenced by, amongst other things, implementation of governmental, agricultural, commercial and trade programs and policies and national and international socio-economic and political events.
You can only engage in CFD and/or spot NexGen Signals trading with NexGen Signals in currencies NexGen Signals makes available. NexGen Signals does not undertake to continue to offer all such currencies. The markets NexGen Signals offers (and its prices) are derived from underlying prices quoted in the NexGen Signals interbank market. NexGen Signals has no control over movements in the underlying prices which may be volatile and unpredictable. Those movements will affect NexGen Signals’s prices, whether or not you can open and close a position and the price at which you can do so.
We are not required to continue to make markets in any foreign currency and may refuse to accept any order at our absolute discretion. During periods of market volatility, it may be difficult or impossible for you to liquidate an existing position, to assess the value of open positions, to determine a fair price or to assess the risk exposure. These are among the reasons why transactions in foreign currency involve increased risks. Since foreign currency trading with NexGen Signals is not conducted on a regulated exchange, there is no clearinghouse or other central counterparty which guarantees our payment obligations to you under contracts that you enter into. You can only look to NexGen Signals for performance on all spot NexGen Signals or CFDs you enter into with us and for a return of any margin. The insolvency or default of NexGen Signals can cause you to lose the value of all positions carried in your Account with NexGen Signals and can cause you to suffer additional losses from open positions.
CFDs & NexGen Signals, which are leveraged products, incur a high level of risk and can result in the loss of all of your invested capital. However, it should be noted that NexGen Signals operates on a ‘negative balance protection’ basis; this means that you cannot lose more than your initial investment.
