Margin and Leverage Disclosure

2. What leverage and margin mean#

Leverage increases market exposure relative to the capital used to open a position. A small price movement can produce a large percentage gain or loss relative to that capital.

Margin is the amount of account equity reserved or required to open and maintain leveraged positions. Available margin, free margin, and margin level are account-health measures used by risk controls.

3. Magnified gains and losses#

Because exposure exceeds the reserved capital:

• Favorable price moves can produce amplified gains
• Adverse price moves can produce amplified losses
• Losses may develop faster than they would in an unleveraged position of the same instrument size relative to cash commitment

Past performance of an instrument or strategy does not predict future results.

4. Margin calls, trade blocks, and liquidation#

Account risk controls may:

• Warn when margin health deteriorates
• Block new risk-increasing activity
• Require reduction of exposure
• Automatically close positions in whole or in part

Liquidation or forced reduction may occur without further notice when thresholds are breached. There is no guarantee that a stop-loss, take-profit, or alert will execute at a chosen price during gaps, illiquidity, or system disruption.

5. Costs of holding leveraged positions#

Holding costs may include financing, overnight charges, spreads, commissions, and conversion costs. These reduce profitability and can increase loss. Costs should be reviewed in the fee schedule and order confirmation screens before trading.

6. Volatility, gaps, and slippage#

Markets can gap, especially around news, openings, or thin liquidity. An order may fill at a worse price than displayed, or may not fill. During extreme conditions, risk engines and providers may reject, delay, or reprice instructions.

7. Suitability#

Leverage and margin products are not appropriate for everyone. Before using them, consider whether you:

• Understand how margin level and liquidation work
• Can monitor positions and respond to alerts
• Can afford the potential loss
• Have reviewed product-specific terms and account settings

If you do not understand leverage, do not enable or use leveraged products.

8. No guarantee of continuous access#

Platform, market-data, or risk-system interruptions may prevent you from opening, modifying, or closing positions when you intend to. See the Business Continuity Plan Summary.

9. Acknowledgement#

By enabling leveraged or margin trading, or by opening a leveraged position, you acknowledge that you have read this disclosure and the Risk Disclosure, and that you understand leveraged trading can result in rapid and substantial loss.