Elliot Lloyd International Ltd (hereby referred to as the “Company” and/or “ELI”, a company incorporated and fully registered and existing under the laws of the Republic of Ireland with the registered office; Ground Floor, One Georges Quay Plaza, Dublin, DO2 E440, Ireland.
Elliot Lloyd International Ltd (ELI) aims to provide clients with information on the risks associated with financial instruments, in a fair and non-misleading basis. However, it must be noted that this notice cannot and does not disclose or explain all of the risks and other significant aspects involved and associated when dealing in financial instruments.
General Risk Warning
Clients should not engage in any dealings directly or indirectly in financial instruments unless they have a clear understanding of the risks involved and associated when dealing in financial instruments.
Clients should acknowledge and understand that prior to deciding to deal in financial instruments, they should consider their investment objectives, risk tolerance, financial resources and level of experience on these products.
If Clients do not understand the risks involved and associated when dealing in financial instruments, and/or are not familiar in dealing in financial instruments they should seek independent financial advice. If upon receipt of independent financial advice Clients still do not understand the risks involved and associated when dealing in financial instruments, they should not refrain from trading with the Company.
Clients acknowledge, understand and accept that financial instruments are leveraged products and involve and carry a high level of risk and clients may sustain losses and damages (i.e. possible to lose more than your invested capital) and consequently Clients understand, accept and are willing to undertake such risk.
Clients acknowledge, understand and accept that all accounts used for trading in CFDs and other derivative financial instruments are under the effect “gearing” or “leverage”. That means that the value of instruments may fluctuate downwards or upwards and there is even the possibility of the investment to become of no value. This is a result of the margining conditions applicable to such trades, which generally involves a comparatively modest deposit or margin in terms of the overall contract value. That means that even where there is a small market fluctuation this can have a disproportionately substantial effect on the clients’ trades. If there is a market fluctuation this may affect downwards or upwards the value of the CFDs and other derivative financial instruments provided by the Company and this can work either against the client or in favour of the client. If the market fluctuation works in the clients’ favour then clients may achieve profit whereas when the market fluctuation works against the clients may not only result in the loss of clients’ entire deposit but may also expose the client to a greater additional loss.
Volatility of Instruments
The price of the financial instruments is derived from the price of the underlying asset which the financial instruments refer to. The financial instruments and the related markets can be highly volatile. That means the prices of the financial instruments’ underlying asset may fluctuate rapidly and over wide ranges and may reflect unforeseeable events or changes in conditions none of which can be anticipated and/or controlled either by the Company or the clients. That means that there may be instances where it will be impossible for clients to execute their order(s) at a declared price resulting to losses. Factors and circumstances that can influence and have an impact on the price of financial instruments’ underlying asset include among others, changing supply and demand relationships, governmental agricultural, commercial and trade programs and policies, national and international political and economic events and the prevailing psychological characteristics of the relevant market place.
Some of the financial instruments’ underlying assets may not become immediately liquid as a result of reduced demand for the underlying instrument and Client may not be able to obtain the information on the value of these or the extent of the associated risks.
Technical Risk and Communication
Clients acknowledge, understand and accept that the Company cannot be held responsible for the risks of possible financial losses caused as a result of failure, malfunction, interruption, disconnection or malicious actions related to information, communication, electronic and other systems and that Clients bear all responsibility for any such failure.
Costs and Charges
Clients acknowledge, understand and accept that costs and charges that may influence and affect their profitability. The costs and charges will be either provided by the Company or the product provider/asset that they are interested in.
Trading in financial instruments there are different types of costs that are related and linked to such transactions that may affect the profitability of clients. Such costs amongst others include commissions charged by the Company, bid-offer spreads, daily and overnight financing costs, account management fees etc. These costs can be complex to calculate and may be significant and outweigh the gross profits from a given trade.
The Company does not warrant and/or guarantee that clients’ trades in financial instruments are not or may not become subject to tax and/or any other duty for instance because of changes in legislation or because of the client’s personal circumstances. It is the responsibility of clients to arrange for settlement of any taxes and/or any other duty which may accrue in respect of their trades.
Third Party Risks
Clients acknowledge, understand and accept that Companies may transfer clients’ money to a third party (e.g. a bank) to hold or control in order to affect a transaction through or with that person in respect of a transaction. The Company bears no responsibility for any acts or omissions of any third party.
General Clients Acknowledgements
Information based on previous or past performance of a Financial Instrument it is not a guarantee for its current and/or future performance. The use of historical data does not constitute a binding or safe forecast as to the corresponding future performance of the Financial Instruments to which the said Information refers.
The value of CFDs and other derivative financial instruments may decrease and clients acknowledge that they may receive less money than invested/deposited or the value may be subject to high fluctuations and this may result to the invested/deposited capital to become of no value.
When financial instruments are traded in a currency other than the currency of clients' country of residence, any changes in the exchange rates may have a negative effect on its value, price and performance.