Margined Trading
Margined currency trading is a high risk form of investment and is only suitable for individuals and institutions capable of handling the potential losses that may result. An account with CMS International allows you to trade foreign currencies on a highly leveraged basis (up to about 400 times your account equity). The funds in an account that is being traded at maximum leverage may be completely lost if the position(s) held in the account experiences even a one percent swing in value. For example, if one chooses to leverage up to the maximum 400 times account equity, then a margin of $500 may control an investment of $200,000. While a 1% upward swing of the positions held in the account may multiply into a $2,000 profit, a 1% downward swing multiplies into a $2,000 loss, i.e. greater than the initial investment. Thus, an account could lose more than the equity it contains. Thus, an account could lose more than the equity it contains. Given the possibility of losing one's entire investment, speculation in the foreign exchange market should only be conducted with risk capital that, if lost, will not significantly affect the investor’s financial well-being.
Market Opinions of Our Staff
Opinions expressed by our company's representatives regarding the prices of specific currencies and the direction they will take in the future do not necessarily represent the opinion of CMS International, and are not guaranteed in any way. In no event shall CMS International be held liable for losses incurred in connection with any decision made by any party based on information provided verbally or via the internet by our staff, or any delays, inaccuracies, errors, or omissions in such information.
Accuracy of Information
CMS International makes its best effort to keep the information on its website as current and accurate as possible. However, CMS International still cannot guarantee the accuracy of said materials. No single source of information, including the website of CMS International, should be used as the sole basis for any financial decision. We will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, nor for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.
Internet Trading Risks
Furthermore, there are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, hardware malfunction, software failure, and Internet connection problems. Because CMS International does not control signal power, reception or routing via Internet, the configuration of your equipment or the reliability of its connection, we cannot be responsible for communication failures, distortions or delays you may experience while trading via the Internet. CMS International employs back-up systems and contingency plans to minimize the possibility of system failure.
Market Risks
Placing contingent orders, such as “stop-loss” or “stop-limit” orders, will not necessarily limit your losses to the intended amounts, since market conditions, which can be very volatile, may make it impossible to execute such orders. All positions involve risk, and strategies using combinations of positions, such as “spread” and “straddle” positions, may be as risky as taking simple “long” or “short” positions.
Money Managers
CMS International is in no way responsible for any outcome of a client using his own money manager to trade an account on his behalf. CMS International strongly advises each client to thoroughly investigate a money manager and his previous trading results before authorizing him to trade on one’s account. Money managers are not CMS International employees, and simply use the CMS International dealing desk for execution.
Exchange Rate Fluctuations
Exchange rates between foreign currencies can change rapidly due to a variety of economic and political events.
Distribution
This site is not intended for distribution or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.
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