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Trade Responsibly. Trade Responsibly.CFDs are complex instruments and come with
a high risk of losing money rapidly due to leverage. 73.12% of retail investor
accounts lose money when trading CFDs with this provider. You should consider
whether you understand how CFDs work and whether you can afford to take the high
risk of losing your money.
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RISK DISCLOSURE NOTICE

Please ensure that you read our detailed Risk Disclosure in full and understand
its contents prior to investing your capital.

FxPro - FCA
FxPro - CYSEC
FxPro - SCB
FxPro UK Limited

RISK WARNING:Contracts for Difference (‘CFDs’) and Spread Bets are complex
financial products, most of which have no set maturity date. Therefore, a CFD
and/or Spread Bet position matures on the date you choose to close an existing
open position. CFDs and Spread Bets, 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, CFDs and Spread Bets may not be appropriate 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.

 1.  SCOPE OF THE NOTICE
     1. FxPro UK Ltd (referred to as ‘FxPro’, the ‘Firm’, ‘us’, ‘we’ and ‘our’)
        provide you with this ‘Risk Disclosure Notice’ (the ‘Notice’) to help
        you understand the risks that might arise when trading Contracts for
        Difference (‘CFDs’) and/or Spread Bets (together referred to as
        ‘Leveraged Products’). However, you need to bear in mind that the Notice
        does not contain all the risks and aspects involved in trading leveraged
        products. The Client (referred to as the ‘Client’, ‘you’, ‘your’ and
        ‘yourself’) should carefully read the Notice in conjunction with the
        ‘Client Agreement’, the ‘Order Execution Policy’ and the documentation/
        information available to you through our Website.
     2. You need to ensure that any decision to engage in trading Leveraged
        Products is made on an informed basis and in light of your knowledge and
        experience as well as to your personal circumstances (including but not
        limited to your financial position). In addition, you need to ensure
        that you understand the nature of CFDs and/or Spread Bets and the extent
        of all risks and aspects involved in trading Leveraged Products.
     3. Please note that CFDs and Spread Bets are leveraged financial products
        and therefore as such, trading them involves a high risk of loss as
        price movements are influenced by the amount of leverage the client is
        using. For example, if a client is using 30 times leverage a movement of
        0.5% will result in a gain or a loss of 15%. Nonetheless, as a result of
        the ‘Negative Balance Protection’ (‘NBP’) you may not lose more than
        your initial investment.
     4. Trading Leveraged Products is not appropriate for all individuals. Under
        no circumstances, you should risk more than you are prepared to lose.
     5. For any capitalised term, which has not been defined in the Notice,
        please refer to Schedule A (‘Glossary’) of the ‘Client Agreement’.
 2.  APPROPRIATENESS ASSESSMENT
     1. When processing your ‘Account Opening Form’ FxPro carries out an
        assessment of your appropriateness to trade CFDs and determines, based
        on information you provide us with, if you have sufficient knowledge and
        experience to understand the risks involved in trading Leveraged
        Products. We will inform you of the results of our assessment but this
        does not relieve you of the need to carefully consider whether to trade
        CFDs and/or Spread Bets with us. If we warn you that trading CFDs and/or
        Spread Bets may not be appropriate for you, then you should refrain from
        trading until you attain sufficient knowledge and experience. For
        example, you may trade on a demo account prior to trading in a live
        environment and you acquainted yourself sufficiently with the relevant
        risks.
 3.  NATURE OF CFDs AND SPREAD BETS
     1. CFDs and Spread Bets are agreements to exchange the difference in value
        of a particular instrument or currency between the time at which the
        agreement is entered into and the time at which it is closed. CFDs and
        Spread Bets allow the Firm’s Clients to replicate the economic effect of
        trading in particular currencies or other instruments without requiring
        actual ownership of those assets; a full list of the instruments on
        offer via CFDs and Spread Bets by FxPro is available on our Website.
     2. CFDs and Spread Bets are derivative products traded off-exchange (or
        Over-the-Counter (‘OTC’)); this means FxPro is at all times the
        counterparty to the Client trades and any CFD trades entered into with
        the Firm, can only be closed with us. Your ability to open and/or close
        trades is dependent on the availability of our trading platform(s).
     3. You understand that you are not entitled to the physical delivery of the
        underlying instrument (or reference instrument) of the CFDs and Spread
        Bets you are trading and you have no rights in the underlying instrument
        (such as voting rights in case you are trading CFDs and/or Spread
        Betting on shares).
     4. CFDs and Spread Bets fluctuate in value during the day; the price
        movements of CFDs and Spread Bets are determined by a number of factors
        including but not limited to availability of market information.
 4.  PRICES AND COST
     1. The prices generated by our trading platform(s) are derived from the
        prices of the relevant underlying instruments, which the Firm obtains
        from third party liquidity/price providers. The prices of CFDs and
        Spread Bets that you trade with us may include a mark-up. This means
        that the spreads offered by us comprise of (i) the raw spreads received
        from liquidity/price provider(s) and (ii) a mark-up (where applicable).
     2. For trading certain CFDs and/or Spread Bets, the Client may be required
        to pay a commission and/or other fees. These instances are described in
        detail in our Website. For all type of CFDs and Spread Bets offered by
        the Firm, the commission (if applicable) and financing/overnight fees
        are not incorporated into the Firm’s quoted prices and are instead
        charged explicitly to the Client Account(s). In the case of
        financing/overnight fees, the value of opened positions in some types of
        financial instruments is increased or reduced by a daily financing fee
        ‘swap’ throughout the life of the trade. The financing fees are based on
        prevailing market interest rates. From Mondays to Thursdays swap is
        charged once for every business day and on Fridays swap is charged in
        triple size in order to account for the weekend; details of daily
        financing/ overnight fees applied, are available in our Website.
     3. FxPro is the sole counterparty to all Client trades and the Firm may
        profit from any Client losses.
     4. You should not fund your Account using money obtained from any credit
        facility (including bank loan or otherwise). You should understand that
        your overall risks will be significantly increased. For instance, if you
        incur a loss on your trades, you will still have to repay any amount
        borrowed plus any interest or other costs. Therefore, you shall never
        finance any trades on such borrowed money and you should never rely on
        being able to profit on any trade, in order to repay such amounts.
 5.  MARKET CONDITIONS, REQUIRED MARGIN, LEVERAGE AND STOP-OUT LEVELS
     1. Trading CFDs and Spread Bets enables you to use leverage to open a trade
        by depositing a fraction of the total trade value. This means that a
        relatively small market movement may lead to a proportionately much
        larger movement in the value of your trade. For margin calculation
        purposes, the leverage level used will be the lower of: (i) the Account
        or (ii) symbol traded. This logic applies on all our trading platforms.
     2. The leverage offered is subject to the instrument you wish to trade.
        Further information on the maximum leverage per instrument can be found
        on the ’ Execution and Leverage Information’ section of our website,
        under the FxPro UK Ltd column.
     3. Financial markets may fluctuate rapidly to reflect events that are
        outside the control of the Firm and/or your control; as a result, prices
        will become volatile. One form of price volatility is ‘gapping’, which
        occurs when there is a sudden shift in prices from one level to another.
        This can be caused, for example by unexpected economic events or market
        announcements, within or outside trading hours. Consequently, FxPro may
        be unable to execute your instructions at the requested price. In
        addition, if prices move against you, this will have a direct and real
        time impact on your trades, which may be automatically stopped-out. It
        is possible that you all your trades will be stopped-out; not just the
        ones that are loss making.
     4. You should note that any changes made to your leverage level, on an
        already traded Account, can immediately affect your open positions and
        may result in a stop-out.
     5. It is your responsibility to monitor the required margin of your open
        positions and in order to avoid a stop-out you may have to fund your
        Account.
     6. For further information, please refer to the ‘Margin and Leverage’
        section of the ‘Order Execution Policy’.
 6.  FOREIGN EXCHANGE AND OTHER RELATED RISKS
     1. You will be impacted by foreign exchange movements, if you are trading
        in a product that is denominated in a currency other than the currency
        of your Account. Any currency conversion calculations are provided by
        the Firm to the Client in the currency in which the Client account is
        denominated and the currency of the relevant instrument, using the cross
        spot rate.
     2. Your capacity to trade CFDs and Spread Bets may also be affected as a
        result of changes in the legal, regulatory, taxation environment and/or
        other.
 7.  TECHNICAL RISKS
     1. We try to generate prices continuously and provide you with access* to
        our trading platforms throughout the trading sessions as indicated on
        our Website. However, there are instances where this is not possible;
        for example, instances of poor telecommunication/internet connectivity,
        system errors and outages and/or other factors. The above may cause
        prices to change between the time an order is placed and the time the
        order has been received by the Firm. In addition, these technical risks
        may significantly impact the execution of your orders.
        
        * Access to our trading platforms includes access via mobile
        applications
 8.  COUNTERPARTY RISK
     1. The terms and conditions and trading rules are established solely by the
        counterparty, which is, at all times, FxPro. You are then only allowed
        to close an open position in any given financial instrument during our
        platform’s working hours, as per our Order Execution Policy, and you can
        only close any such position(s) with us as your sole counterparty; thus
        you are subject to counterparty risk with us.1
 9.  CLIENT MONEY
     1. If you are categorised as a retail client, any money that we hold on
        your behalf will be kept in one or more segregated accounts with an
        institution within or outside the European Economic Area (‘EEA’),
        separated from the Firm’s money. The Client Money will be pooled with
        money belonging to other Clients (the ‘Omnibus Account’); therefore, an
        individual Client will not have a claim against a specific sum in a
        specific account, in the event of insolvency. A Client’s claim may be
        against the Client Money in the Omnibus Account. In general, accounts
        held with institutions, including omnibus account(s), face various
        risks, including the potential risk of being treated as one (1) account
        in case the institution defaults. Under such circumstances, the
        enforcement of the national deposit guarantee scheme may be applied
        without consideration of the ultimate beneficial owners of the Omnibus
        Account. Another risk might be that the funds in the Omnibus Account may
        be exposed to obligations of FxPro connected with the positions of other
        Clients in case FxPro is unable to meet its obligations towards them. In
        the event that the solvency of the institution that FxPro utilises to
        keep Client Money is partially or fully compromised, any loss shall be
        borne by you not us. In the event that any such institution defaults,
        the Client shall have no redress against the Firm. Where FxPro is or
        becomes unable to meet its obligations the Client may be entitled to
        compensation from the relevant compensation scheme of the jurisdiction
        under which the Client holds a relationship with FxPro. You may refer to
        our Website for more information.
 10. NO ADVICE
     1. FxPro may, from time to time and as often as it deems appropriate, issue
        and/or distribute third party material (the ‘Material’), which contains
        information including but not limited to the conditions of the financial
        markets, posted through our Website and other media and/or received by
        you. It should be noted that the Material is considered to be marketing
        communication only and does not contain, and should not be construed as
        containing, investment advice and/or an investment recommendation
        and/or, an offer of or solicitation for any transactions in financial
        instruments; any decision to enter into a specific transaction shall be
        made by the Client following an assessment by him/herself of their
        situation. FxPro makes no representation and assumes no liability as to
        the accuracy or completeness of the information provided, nor any loss
        arising from any investment based on a recommendation, forecast or other
        information supplied by any employee of FxPro, a third party or
        otherwise. The Material is not prepared in accordance with legal
        requirements promoting the independence of investment research and it is
        not subject to any prohibition on dealing ahead of the dissemination of
        investment research. All expressions of opinion included in the Material
        are subject to change without notice. Any opinions made may be personal
        to the author and may not reflect the opinions of FxPro.
     2. FxPro does not provide investment, financial, legal, tax, regulatory or
        other advice relating to investments or trading. Any material or
        information or other features, which may be provided to you through our
        Website, trading platforms, marketing or training events or otherwise,
        is generic and shall not be treated as advice appropriate for you or
        based on a consideration of your personal circumstances. You should seek
        independent professional advice from a suitably qualified advisor, if
        necessary, prior to engaging in trading Leveraged Products with us.
 11. ADDITIONAL INFORMATION
     1. For further information, please refer to the ‘Guide to Investing’ issued
        by the European Securities and Markets Authority (‘ESMA’) and the
        ‘Investor Warning on Contracts for difference (CFDs) ’ issued jointly by
        ESMA and the European Banking Authority (‘EBA’); also available on our
        Website.

FxPro Financial Services Limited
 1.  SCOPE OF THE NOTICE
     1. FxPro Financial Services Ltd. (referred to as ‘FxPro’, the ‘Firm’, ‘us’,
        ‘we’ and ‘our’) provides you with this ‘Risk Disclosure Notice’ (the
        ‘Notice’) to help you understand the risks that might arise when trading
        Contracts for Difference (‘CFDs’). However, you need to bear in mind
        that the Notice does not contain all the risks and aspects involved in
        trading CFDs. The Client (referred to as the ‘Client’, ‘you’, ‘your’ and
        ‘yourself’) should carefully read the Notice in conjunction with the
        ‘Client Agreement’, the ‘Order Execution Policy’ and the documentation/
        information available to you through our Website.
     2. You need to ensure that any decision to engage in trading CFDs is made
        on an informed basis and in light of your knowledge and experience as
        well as to your personal circumstances (including but not limited to
        your financial position). In addition, you need to ensure that you
        understand the nature of CFDs and the extent of all risks and aspects
        involved in trading CFDs.
     3. Please note that CFDs are leveraged financial products and therefore as
        such, trading CFDs involves a high risk of loss as price movements are
        influenced by the amount of leverage the client is using. For example,
        if a client is using 30 times leverage a movement of 0.5% will result in
        a gain or a loss of 15%. Nonetheless, as a result of the ‘Negative
        Balance Protection’ (‘NBP’) you may not lose more than your initial
        investment.
     4. Trading CFDs is not be appropriate for all persons. Under no
        circumstances, you should risk more than you are prepared to lose.
     5. For any capitalised term, which has not been defined in the Notice,
        please refer to Schedule A (‘Glossary’) of the ‘Client Agreement’.
 2.  APPROPRIATENESS ASSESSMENT
     1. When processing your ‘Account Opening Form’ FxPro carries out an
        assessment of your appropriateness to trade CFDs and determines, based
        on information you provide us with, if you have sufficient knowledge and
        experience to understand the risks involved in trading CFDs. We will
        inform you of the results of our assessment but this does not relieve
        you of the need to carefully consider whether to trade CFDs with us. If
        we warn you that trading CFDs may not be appropriate for you, then you
        should refrain from trading CFDs until you attain sufficient knowledge
        and experience, for example you may trade CFDs on a demo account prior
        to trading CFDs in a live environment and you acquainted yourself
        sufficiently with the relevant risks.
 3.  NATURE OF CFDs
     1. CFDs are agreements to exchange the difference in value of a particular
        instrument or currency between the time at which the agreement is
        entered into and the time at which it is closed. CFDs allow the Firm’s
        Clients to replicate the economic effect of trading in particular
        currencies or other instruments without requiring actual ownership of
        those assets; a full list of the CFDs on offer by FxPro is available on
        our Website.
     2. CFDs are derivative products traded off-exchange (or Over-the-Counter
        (‘OTC’)); this means FxPro is at all times the counterparty to the
        Client trades and any CFD trades entered into with the Firm, can only be
        closed with us. Your ability to open and/or close trades is dependent on
        the availability of our trading platform(s).
     3. You understand that you are not entitled to the physical delivery of the
        underlying instrument (or reference instrument) of the CFDs you are
        trading and you have no rights in the underlying instrument (such as
        voting rights in case you are trading CFDs on shares).
     4. CFDs fluctuate in value during the day; the price movements of CFDs are
        determined by a number of factors including but not limited to
        availability of market information.
 4.  PRICES AND COST
     1. The prices generated by our trading platform(s) are derived from the
        prices of the relevant underlying instruments, which the Firm obtains
        from third party liquidity/ price providers. The prices of CFDs that you
        trade with us include a mark-up; this means that the spreads offered by
        us comprise of (i) the raw spreads received from liquidity/ price
        provider(s) and (ii) a mark-up (where applicable).
     2. For trading certain CFDs, the Client may be required to pay a commission
        and/ or other fees; these instances are described in detail in our
        Website. For all type of CFDs offered by the Firm, the commission (if
        applicable) and financing/ overnight fees are not incorporated into the
        Firm’s quoted prices and are instead charged explicitly to the Client
        Account(s). In the case of financing/ overnight fees, the value of
        opened positions in some types of financial instruments is increased or
        reduced by a daily financing fee ‘swap’ throughout the life of the
        trade. The financing fees are based on prevailing market interest rates.
        From Mondays to Thursdays swap is charged once for every business day
        and on Fridays swap is charged in triple size in order to account for
        the weekend; details of daily financing/ overnight fees applied, are
        available in our Website.
     3. FxPro acts as market maker when executing Client trades and the Firm may
        profit from any Client losses.
     4. You should not fund your Account using money obtained from any credit
        facility (including bank loan or otherwise). You should understand that
        your overall risks will be significantly increased. For instance, if you
        incur a loss on your trades, you will still have to repay any amount
        borrowed plus any interest or other costs. Therefore, you shall never
        finance any trades on such borrowed money and you should never rely on
        being able to profit on any trade, in order to repay such amounts.
 5.  MARKET CONDITIONS, REQUIRED MARGIN, LEVERAGE AND STOP-OUT LEVELS
     1. Trading CFDs enables you to use leverage to open a trade by depositing a
        fraction of the total trade value; this means that a relatively small
        market movement may lead to a proportionately much larger movement in
        the value of your trade. For margin calculation purposes, the leverage
        level used will be the lower of: (i) the Account or (ii) symbol traded.
        This logic applies on all our trading platforms.
     2. During the account opening process the default leverage is set at 1:30.
        You reserve the right to request a higher leverage but this will be at
        the discretion of the Firm and subject to the Client’s appropriateness
        assessment.
     3. Financial markets may fluctuate rapidly to reflect events that are
        outside the control of the Firm and/or your control; as a result, prices
        will become volatile. One form of price volatility is ‘gapping’, which
        occurs when there is a sudden shift in prices from one level to another.
        This can be caused, for example by unexpected economic events or market
        announcements, within or outside trading hours. Consequently, FxPro may
        be unable to execute your instructions at the requested price. In
        addition, if prices move against you, this will have a direct and real
        time impact on your trades, which may be automatically stopped-out. It
        is possible that you all your trades will be stopped-out; not just the
        ones that are loss making.
     4. You should note that any changes made to your leverage level, on an
        already traded Account, can immediately affect your open positions and
        may result in a stop-out.
     5. It is your responsibility to monitor the required margin of your open
        positions and in order to avoid a stop-out you may have to fund your
        Account.
     6. For further information, please refer to the ‘Margin and Leverage’
        section of the ‘Order Execution Policy’.
 6.  FOREIGN EXCHANGE AND OTHER RELATED RISKS
     1. You will be impacted by foreign exchange movements, if you are trading
        in a product that is denominated in a currency other than the currency
        of your Account. Any currency conversion calculations are provided by
        the Firm to the Client in the currency in which the Client account is
        denominated and the currency of the relevant CFD, using the cross spot
        rate.
     2. Your capacity to trade CFDs may also be affected as a result of changes
        in the legal, regulatory, taxation environment and/or other.
 7.  TECHNICAL RISKS
     1. We try to generate prices continuously and provide you with access* to
        our trading platforms throughout the trading sessions as indicated on
        our Website. However, there are instances where this is not possible;
        for example, instances of poor telecommunication/ internet connectivity,
        system errors and outages and/or other factors. The above may cause
        prices to change between the time an order is placed and the time the
        order has been received by the Firm. In addition, these technical risks
        may significantly impact the execution of your orders.
        
        * Access to our trading platforms includes access via mobile
        applications.
 8.  CLIENT MONEY
     1. If you are categorised as a retail client, any money that we hold on
        your behalf will be kept in one or more segregated accounts with an
        institution within or outside the European Economic Area (‘EEA’),
        separated from the Firm’s money. The Client Money will be pooled with
        money belonging to other Clients (the ‘Omnibus Account’); therefore, an
        individual Client will not have a claim against a specific sum in a
        specific account, in the event of insolvency. A Client’s claim may be
        against the Client Money in the Omnibus Account. In general, accounts
        held with institutions, including omnibus account(s), face various
        risks, including the potential risk of being treated as one (1) account
        in case the institution defaults. Under such circumstances, the
        enforcement of the national deposit guarantee scheme may be applied
        without consideration of the ultimate beneficial owners of the Omnibus
        Account. Another risk might be that the funds in the Omnibus Account may
        be exposed to obligations of FxPro connected with the positions of other
        Clients in case FxPro is unable to meet its obligations towards them. In
        the event that the solvency of the institution that FxPro utilises to
        keep Client Money is partially or fully compromised, any loss shall be
        borne by you not us. In the event that any such institution defaults,
        the Client shall have no redress against the Firm. Where FxPro is or
        becomes unable to meet its obligations the Client may be entitled to
        compensation from the CySEC under the ‘Investor Compensation Fund’. You
        may refer to the ‘Investor Compensation Fund Notice’ available on our
        Website for more information.
 9.  NO ADVICE
     1. FxPro may, from time to time and as often as it deems appropriate, issue
        and/or distribute third party material (the ‘Material’), which contains
        information including but not limited to the conditions of the financial
        markets, posted through our Website and other media and/or received by
        you. It should be noted that the Material is considered to be marketing
        communication only and does not contain, and should not be construed as
        containing, investment advice and/or an investment recommendation
        and/or, an offer of or solicitation for any transactions in financial
        instruments; any decision to enter into a specific transaction shall be
        made by the Client following an assessment by him/herself of their
        situation. FxPro makes no representation and assumes no liability as to
        the accuracy or completeness of the information provided, nor any loss
        arising from any investment based on a recommendation, forecast or other
        information supplied by any employee of FxPro, a third party or
        otherwise. The Material is not prepared in accordance with legal
        requirements promoting the independence of investment research and it is
        not subject to any prohibition on dealing ahead of the dissemination of
        investment research. All expressions of opinion included in the Material
        are subject to change without notice. Any opinions made may be personal
        to the author and may not reflect the opinions of FxPro.
     2. FxPro does not provide investment, financial, legal, tax, regulatory or
        other advice relating to investments or trading CFDs. Any material or
        information or other features, which may be provided to you through our
        Website, trading platforms, marketing or training events or otherwise,
        is generic and shall not be treated as advice appropriate for you or
        based on a consideration of your personal circumstances. You should seek
        independent professional advice from a suitably qualified advisor, if
        necessary, prior to engaging in trading CFD with us.
 10. PAST PERFORMANCE
     1. Past performance, simulation or prediction of CFDs does not constitute
        an indication of future results. You should note that the value of your
        investment can decrease (as well as increase) as the market price of the
        underlying asset may fluctuate downwards (or upwards).
 11. ADDITIONAL INFORMATION
     1. For further information, please refer to the ‘Guide to Investing’ issued
        by the European Securities and Markets Authority (‘ESMA’) and the
        ‘Investor Warning on Contracts for difference (CFDs) ’ issued jointly by
        ESMA and the European Banking Authority (‘EBA’); also available on our
        Website.

FxPro Global Markets Limited
 1.  SCOPE OF THE NOTICE
     1. FxPro Global Markets Ltd. (referred to as ‘FxPro’, the ‘Firm’, ‘us’,
        ‘we’ and ‘our’) provides you with this ‘Risk Disclosure Notice’ (the
        ‘Notice’) to help you understand the risks that might arise when trading
        Contracts for Difference ( ‘CFDs’). However, you need to bear in mind
        that the Notice does not contain all the risks and aspects involved in
        trading CFDs. The Client (referred to as the ‘Client’, ‘you’, ‘your’ and
        ‘yourself’) should carefully read the Notice in conjunction with the
        ‘Client Agreement’, the ‘Order Execution Policy’ and the documentation/
        information available to you through our Website.
     2. You need to ensure that any decision to engage in trading CFDs is made
        on an informed basis and in light of your knowledge and experience as
        well as to your personal circumstances (including but not limited to
        your financial position). In addition, you need to ensure that you
        understand the nature of CFDs and the extent of all risks and aspects
        involved in trading CFDs.
     3. Please note that CFDs are leveraged financial products and therefore as
        such, trading CFDs involves a high risk of loss as price movements are
        influenced by the amount of leverage the client is using. For example,
        if a client is using 50 times leverage a movement of 0.5% will result in
        a gain or a loss of 25%. Nonetheless, as a result of the ‘Negative
        Balance Protection’ ( ‘NBP’) you may not lose more than your initial
        investment.
     4. Trading CFDs is not appropriate for all persons. Under no circumstances,
        should you risk more than you are prepared to lose.
     5. For any capitalised term, which have not been defined in the Notice,
        please refer to Schedule A (‘Glossary’) of the ‘Client Agreement’.
 2.  APPROPRIATENESS ASSESSMENT
     1. When processing your ‘Account Opening Form’ FxPro carries out an
        assessment of your appropriateness to trade CFDs and determines, based
        on information you provide us with, if you have sufficient knowledge and
        experience to understand the risks involved in trading CFDs. We will
        inform you of the results of our assessment but this does not relieve
        you of the need to carefully consider whether to trade CFDs with us. If
        we warn you that trading CFDs may not be appropriate for you, then you
        should refrain from trading CFDs until you attain sufficient knowledge
        and experience, for example you may trade CFDs on a demo account prior
        to trading CFDs in a live environment and you acquainted yourself
        sufficiently with the relevant risks.
 3.  NATURE OF CFDs
     1. CFDs are agreements to exchange the difference in value of a particular
        instrument or currency between the time at which the agreement is
        entered into and the time at which it is closed. CFDs allow the Firm’s
        Clients to replicate the economic effect of trading in particular
        currencies or other instruments without requiring actual ownership of
        those assets; a full list of the CFDs on offer by FxPro is available on
        our Website.
     2. CFDs are derivative products traded off-exchange (or Over-the-Counter (
        ‘OTC’)); this means FxPro is at all times the counterparty to the Client
        trades and any CFD trades entered into with the Firm, can only be closed
        with us. Your ability to open and/or close trades is dependent on the
        availability of our trading platform(s).
     3. You understand that you are not entitled to the physical delivery of the
        underlying instrument (or reference instrument) of the CFDs you are
        trading and you have no rights in the underlying instrument (such as
        voting rights in case you are trading CFDs on shares).
     4. CFDs fluctuate in value during the day; the price movements of CFDs are
        determined by a number of factors including but not limited to
        availability of market information.
 4.  PRICES AND COST
     1. The prices generated by our trading platform(s) are derived from the
        prices of the relevant underlying instruments, which the Firm obtains
        from third party liquidity/ price providers. The prices of CFDs that you
        trade with us include a mark-up; this means that the spreads offered by
        us comprise of (i) the raw spreads received from liquidity/ price
        provider(s) and (ii) a mark-up (where applicable).
     2. For trading certain CFDs, the Client may be required to pay a commission
        and/ or other fees; these instances are described in detail in our
        Website. For all type of CFDs offered by the Firm, the commission (if
        applicable) and financing/ overnight fees are not incorporated into the
        Firm’s quoted prices and are instead charged explicitly to the Client
        Account(s). In the case of financing/ overnight fees, the value of
        opened positions in some types of financial instruments is increased or
        reduced by a daily financing fee ‘swap’ throughout the life of the
        trade. The financing fees are based on prevailing market interest rates.
        From Mondays to Thursdays swap is charged once for every business day
        and on Fridays swap is charged in triple size in order to account for
        the weekend; details of daily financing/ overnight fees applied, are
        available in our Website.
     3. FxPro acts as market maker when executing Client trades and the Firm may
        profit from any Client losses.
     4. You should not fund your Account using money obtained from any credit
        facility (including bank loan or otherwise). You should understand that
        your overall risks will be significantly increased. For instance, if you
        incur a loss on your trades, you will still have to repay any amount
        borrowed plus any interest or other costs. Therefore, you shall never
        finance any trades on such borrowed money and you should never rely on
        being able to profit on any trade, in order to repay such amounts.
 5.  MARKET CONDITIONS, REQUIRED MARGIN, LEVERAGE AND STOP-OUT LEVELS
     1. Trading CFDs enables you to use leverage to open a trade by depositing a
        fraction of the total trade value; this means that a relatively small
        market movement may lead to a proportionately much larger movement in
        the value of your trade. For margin calculation purposes, the leverage
        level used will be the lower of: (i) the Account or (ii) symbol traded.
        This logic applies on all our trading platforms.
     2. The maximum leverage offered by FxPro is 1:500, although leverage
        restrictions may apply for certain CFDs. Please visit the Website for
        further details.
     3. Financial markets may fluctuate rapidly to reflect events that are
        outside the control of the Firm and/or your control; as a result, prices
        will become volatile. One form of price volatility is ‘gapping’, which
        occurs when there is a sudden shift in prices from one level to another.
        This can be caused, for example by unexpected economic events or market
        announcements, within or outside trading hours. Consequently, FxPro may
        be unable to execute your instructions at the requested price. In
        addition, if prices move against you, this will have a direct and
        real-time impact on your trades, which may be automatically stopped-out.
        It is possible that you all your trades will be stopped-out; not just
        the ones that are loss making.
     4. You should note that any changes made to your leverage level, on an
        already traded Account, can immediately affect your open positions and
        may result in a stop-out.
     5. It is your responsibility to monitor the required margin of your open
        positions and in order to avoid a stop-out you may have to fund your
        Account.
     6. For further information, please refer to the ‘Margin and Leverage’
        section of the ‘Order Execution Policy’.
 6.  FOREIGN EXCHANGE AND OTHER RELATED RISKS
     1. You will be impacted by foreign exchange movements, if you are trading
        in a product that is denominated in a currency other than the currency
        of your Account. Any currency conversion calculations are provided by
        the Firm to the Client in the currency in which the Client account is
        denominated and the currency of the relevant CFD, using the cross-spot
        rate.
     2. Your capacity to trade CFDs may also be affected as a result of changes
        in the legal, regulatory, taxation environment and/or other.
 7.  TECHNICAL RISKS
     1. We try to generate prices continuously and provide you with access* to
        our trading platforms throughout the trading sessions as indicated on
        our Website. However, there are instances where this is not possible;
        for example, instances of poor telecommunication/ internet connectivity,
        system errors and outages and/or other factors. The above may cause
        prices to change between the time an order is placed and the time the
        order has been received by the Firm. In addition, these technical risks
        may significantly impact the execution of your orders.
        
        * Access to our trading platforms includes access via mobile
        applications.
 8.  CLIENT MONEY
     1. If you are categorised as a retail client, any money that we hold on
        your behalf will be kept in one or more segregated accounts with an
        institution within or outside the European Economic Area (‘EEA’),
        separated from the Firm’s money. The Client Money will be pooled with
        money belonging to other Clients (the ‘Omnibus Account’); therefore, an
        individual Client will not have a claim against a specific sum in a
        specific account, in the event of insolvency. A Client’s claim may be
        against the Client Money in the Omnibus Account. In general, accounts
        held with institutions, including omnibus account(s), face various
        risks, including the potential risk of being treated as one (1) account
        in case the institution defaults. Under such circumstances, the
        enforcement of the national deposit guarantee scheme may be applied
        without consideration of the ultimate beneficial owners of the Omnibus
        Account. Another risk might be that the funds in the Omnibus Account may
        be exposed to obligations of FxPro connected with the positions of other
        Clients in case FxPro is unable to meet its obligations towards them. In
        the event that the solvency of the institution that FxPro utilises to
        keep Client Money is partially or fully compromised, any loss shall be
        borne by you not us. In the event that any such institution defaults,
        the Client shall have no redress against the Firm.
 9.  NO ADVICE
     1. FxPro may, from time to time and as often as it deems appropriate, issue
        and/or distribute third party material (the ‘Material’), which contains
        information including but not limited to the conditions of the financial
        markets, posted through our Website and other media and/or received by
        you. It should be noted that the Material is considered to be marketing
        communication only and does not contain, and should not be construed as
        containing, investment advice and/or an investment recommendation
        and/or, an offer of or solicitation for any transactions in financial
        instruments; any decision to enter into a specific transaction shall be
        made by the Client following an assessment by him/herself of their
        situation. FxPro makes no representation and assumes no liability as to
        the accuracy or completeness of the information provided, nor any loss
        arising from any investment based on a recommendation, forecast or other
        information supplied by any employee of FxPro, a third party or
        otherwise. The Material is not prepared in accordance with legal
        requirements promoting the independence of investment research and it is
        not subject to any prohibition on dealing ahead of the dissemination of
        investment research. All expressions of opinion included in the Material
        are subject to change without notice. Any opinions made may be personal
        to the author and may not reflect the opinions of FxPro.
     2. FxPro does not provide investment, financial, legal, tax, regulatory or
        other advice relating to investments or trading CFDs. Any material or
        information or other features, which may be provided to you through our
        Website, trading platforms, marketing or training events or otherwise,
        is generic and shall not be treated as advice appropriate for you or
        based on a consideration of your personal circumstances. You should seek
        independent professional advice from a suitably qualified advisor, if
        necessary, prior to engaging in trading CFD with us.
 10. PAST PERFORMANCE
     1. Past performance, simulation or prediction of CFDs does not constitute
        an indication of future results. You should note that the value of your
        investment can decrease (as well as increase) as the market price of the
        underlying asset may fluctuate downwards (or upwards).
 11. ADDITIONAL INFORMATION
     1. For further information, please refer to the ‘Guide to Investing’ issued
        by the European Securities and Markets Authority (‘ESMA’) and the
        ‘Investor Warning on Contracts for difference (CFDs) ’ issued jointly by
        ESMA and the European Banking Authority (‘EBA’); also available on our
        Website.

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Entity FxPro Financial Services Ltd
FxPro Financial Services Ltd

More ways to reach us: Contact Us, call +357 25 969 200 (24/5) •FxPro Financial
Services Ltd: Karyatidon 1, Ypsonas 4193, Cyprus

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CFDs are complex instruments and come with a high risk of losing money rapidly
due to leverage. 73.12% of retail investor accounts lose money when trading CFDs
with this provider. You should consider whether you understand how CFDs work and
whether you can afford to take the high risk of losing your money.

FxPro Financial Services Ltd is authorised and regulated by the Cyprus
Securities and Exchange Commission (licence no. 078/07) and authorised by the
Financial Sector Conduct Authority ('FSCA') (authorisation no. 45052).

FxPro does not offer Contracts for Difference to residents of certain
jurisdictions including the USA, Iran and Canada. With regards to the FSCA
authorisation, FxPro provides execution services and enters into principal to
principal transactions with its clients on FxPro's prices. These transactions
are not traded on an exchange. CFDs with FxPro are not regulated by the FAIS Act
and intermediary services are not provided.



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