Foreign Exchange, Contracts for Difference with APX Capital are all margin traded products. Therefore, they inherently carry a high level of risk compared to other investments and as such you could lose more than your initial investment.

Margined trades are trades on the price movement of a product. They settle based on the difference between the opening price and the closing price of the trade. They can settle in a currency other than your base currency and therefore your profit or loss could be liable to foreign exchange fluctuations.

You should not trade any margined product unless you fully understand all the risks involved with doing so and that you have sufficient resources available to you that in the event, however unlikely you may deem it to be, that there is an adverse movement in the price of that product that you can meet the financial obligations required by you with respect to margin payments and losses.

Margin trading is leveraged trading that allows 'gearing', which means that you can place a large trade by only putting up a small amount of money as margin. If the price moves in your favor, you can greatly increase your profits. However, even a small movement in price against you can lead to substantial losses and you may be required to deposit additional margin with us immediately to keep these trades open. You are liable for this and for any losses that may occur if your positions are closed. The potential losses, or profits, for margin traded products are unlimited and this should always be considered by you when making trading decisions.

Not all trades can be opened or closed 24 hours a day. Many are subject to strict opening and closing times which can fluctuate. These are posted on our Market Information Sheets (MIS), available online, which we endeavor to keep up to date without any obligation or liability on us to do so, or for its accuracy. For example, national holidays and daylight savings changes will affect the times when you can trade. Also, a market may be suspended for a variety of reasons and during this time you will not usually be able to trade.

You are placing trades on our prices and not those on an exchange. Depending on the market, our prices will usually be based on an exchange price but can fluctuate away from the underlying prices due to a variety of reasons. All open trades can only be closed and settled with us.

Client funds are held by us and are segregated.

If you are in any doubt whatsoever about any aspect of the risks involved in FX or CFD trading, we recommend that you seek independent professional help or advice before continuing. If you are considering trading in shares of a company that you work for, you should seek legal advice beforehand to ascertain that you are not in breach of any regulations. Margin trading is not necessarily designed to replace existing or traditional methods of investing and is therefore not suited to everyone.