Risk Disclosure

1. The short version

Investing in stocks and exchange-traded funds (ETFs) involves risk. The value of your investments can fall as well as rise, and you may get back less than you put in, including losing all of it if a company fails.

Do not invest money you need for living costs, debt repayment or anything else you cannot do without in the near term.

2. Market risk and volatility

Share prices move constantly in response to company results, economic data, interest-rate decisions, political events and investor sentiment. Prices can fall sharply and quickly, and a recovery is never certain or on a predictable timescale.

Market orders fill at the price available at the moment of execution, which can differ from the price you saw when you started the order, particularly in fast-moving markets.

3. Concentration and company risk

• Holding a small number of companies, or a single sector, makes your portfolio more sensitive to a single bad outcome.
• An individual company can lose most or all of its value, suspend dividends, or cease trading.
• ETFs spread risk across many holdings but still fall when the market or sector they track falls.

4. Risks specific to investment plans

• Target payouts shown for a plan are targets stated in its terms. They are not guaranteed.
• Funds committed to a plan may not be available to withdraw or trade until the plan matures.
• Past results of any plan are not a reliable indicator of future results.

5. Other risks to weigh

• Liquidity risk — in unusual conditions it may be difficult to sell at a fair price or at all.
• Technology risk — outages, connectivity loss or data-feed faults can delay orders or prices.
• Currency risk — if your home currency differs from the currency a security is priced in, exchange rates affect your real return.
• Regulatory risk — rules on product availability and taxation differ by country and can change.
• Tax — you are responsible for reporting and paying any tax due on investment gains and income where you live.

6. Is investing suitable for you?

Before investing, ask yourself honestly:

• Can I afford to leave this money invested, and to see its value fall, without needing it soon?
• Do I understand what I am buying, and how it makes or loses money?
• Have I decided how much of my savings to put in a single company, and will I stick to it?
• Am I making this decision calmly, rather than chasing a recent price rise or trying to recover a loss?

If the answer to any of these is no, take more time or seek independent financial advice from a licensed adviser in your country.

7. No advice, no guarantees

Nothing on this website, in the dashboard, in market commentary or in any communication from us constitutes personal investment advice, a recommendation, or a guarantee of any outcome. Any figure describing past performance is exactly that, and is not a promise of future results.

By opening an account you confirm that you have read and understood this disclosure and that you accept the risks described in it.