RISK DISCLOSURE

[Last update: 22.01.2022]

Before trading or using our services, it is imperative to understand the risks. We ask that you carefully read through before commence trading and transacting on SpotX.

Please read the following carefully, if you do not fully understand the risk of using the services you should seek independent professional advice.

  1. The trading and exchange of real or virtual currencies involve significant risk. Prices can and do fluctuate on any given day. Due to such price fluctuations, you may increase or lose value in your assets at any given moment. Any currency – virtual or not – may be subject to large movements in value and may even become worthless. There is an inherent risk that losses will occur as a result of buying, selling or exchanging any cryptocurrency.
  2. Cryptocurrency exchanges also carry special risks not generally shared with official currencies or goods or commodities in a market. Unlike most currencies, which are backed by governments or other legal entities, or by commodities such as gold or silver, cryptocurrency is a unique type of currency, backed by technology and trust. There is no central bank that can take corrective measures to protect the value of cryptocurrency in a crisis, or issue more currency.
  3. The price or value of cryptocurrency can rapidly increase or decrease at any time and may even fall to zero. The risk of loss in trading or holding cryptocurrencies can be substantial and can result in the loss of your entire exposure.
  4. There may be additional risks that we have not foreseen or identified in these Cryptocurrency Terms or our other risk warnings.
  5. You should carefully assess whether your financial situation and tolerance for risk is suitable for any form of exposure to cryptocurrencies.
  6. The information on the Website is provided for information purposes only and is not intended to be and does not constitute financial advice or any other advice. It is general in nature and not specific to you and it has not and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment, nor is it a recommendation, endorsement, or sponsorship of any security, company, or fund. SpotX is not responsible for any investment decisions made by you. You are responsible for conducting your own research and before using SpotX’s information to make any decision, you should undertake your own due diligence and seek independent advice from an appropriately qualified third party. The information provided on the Website or in any communication containing a link to the Website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject SpotX or its affiliates to any registration requirement within such jurisdiction or country.