Risk Disclosure Statement

The trading of financial instruments offered by SPM carries a high level of risk to your capital and it is possible to lose more than your initial investment. You should only speculate with money you can afford to lose entirely.

These instruments may not be appropriate for all investors. Before deciding to trade, you should carefully consider your investment objectives, experience level, and risk appetite.

Many instruments are traded on a leveraged basis. Leveraged trading means that a relatively small market movement can lead to a proportionally much larger movement in the value of your position.

• With leverage of 1:100, a 1% adverse price movement results in a 100% loss of your margin.
• Losses can exceed your deposited funds.
• Higher leverage amplifies both potential gains and potential losses.
• We strongly recommend all clients understand how leverage works before trading.

Prices of financial instruments can be volatile and are influenced by economic data, political events, central bank decisions, and market sentiment. These factors may cause rapid and unpredictable price movements.

There is no guarantee that any price or trading condition quoted will be available for any particular time or volume.

Cryptocurrency markets carry additional risks:

• Extreme Volatility: Prices can change by 10–50% or more within a single day.
• Regulatory Risk: The regulatory status varies by jurisdiction and may change.
• Technology Risk: Blockchain technology may be subject to unforeseen vulnerabilities.
• Liquidity Risk: Some markets may have limited liquidity.
• No Underlying Asset: Cryptocurrencies have no physical asset or government backing.

Foreign exchange markets carry specific risks:

• Exchange Rate Risk: Currency values fluctuate constantly.
• Overnight Financing: Swap charges can accumulate over time.
• Slippage: During high-impact news events, prices may gap or slip.
• Correlation Risk: Multiple correlated positions can result in concentrated exposure.

Contracts for Difference (CFDs) are complex derivative instruments:

• CFDs are subject to daily financing charges.
• CFD prices may differ from the underlying market.
• You do not own the underlying asset when trading CFDs.
• Positions can be closed at our discretion where margin requirements are not met.

• System Failures: Our platform or your internet connection may experience outages.
• Latency: Delays in order transmission can result in execution at different prices.
• Market Gaps: Markets may open at significantly different prices after weekends or holidays.
• Stop Loss Limitations: Stop loss orders are not guaranteed to execute at the exact price specified.

Under certain market conditions, it may be difficult to execute trades at expected prices during:

• Major economic announcements.
• Opening and closing of major market sessions.
• Periods of extreme market stress or black swan events.
• Weekend market openings where prices may gap.

When trading with SPM, you are entering into contracts with us as the counterparty. Client funds are held in segregated accounts to mitigate this risk, but segregation does not guarantee full protection in all circumstances.

The regulatory environment continues to evolve globally. Changes in regulations could affect your ability to access our services or the value of instruments you trade.

You are responsible for understanding and complying with applicable laws in your jurisdiction, including tax obligations.

Trading profits may be subject to taxation in your jurisdiction. SPM does not provide tax advice. You should consult a qualified tax adviser to understand your obligations.

SPM does not guarantee any level of investment return. Any past performance data, historical results, or strategies discussed on our platform are for informational purposes only and should not be construed as a guarantee of future performance.

If you are uncertain whether trading is appropriate, we strongly recommend that you seek independent financial, legal, and tax advice before opening an account or placing any trades.

By using our services, you acknowledge that you have read and understood this Risk Disclosure Statement, and that you accept the risks described herein.