Disclaimer

These pages contain information about the services and products of BVIFOREX LTD. The material is provided for information only and no information contained herein constitutes a solicitation for the purpose of the purchase or sale of any commodity, security or investment, nor should it serve as the basis for any investment decision. BVIFOREX LTD does not guarantee the accuracy or completeness of any information or analysis supplied. BVIFOREX LTD shall not be liable to any customer or third party for the accuracy of the information or any market quotations supplied through this service to a customer, nor for any delays, inaccuracies, errors, interruptions or omissions in the provision thereof, for any direct or consequential damages arising from or occasioned by said delays, inaccuracies, errors, interruptions or omissions, or for any discontinuance of the service. BVIFOREX LTD accepts no responsibility or liability for the contents of any other site, whether linked to this site or not, or any consequences from your acting upon the contents of another site.

Foreign exchange trading and investment in derivatives (e.g. CFDs) can be highly speculative and may result in losses as well as profits. Foreign exchange and derivatives trading is not suitable for many members of the public and only risk capital should be applied. This website does not take into account the special investment goals, financial situation or specific requirements of individual users. You should carefully consider your financial situation and consult your financial advisors as to the suitability to your situation prior to making any investment or entering into any transactions.

Contracts for difference or CFDs are an agreement between the Client and BVIFOREX LTD (Company), that at the close of the contract they will settle the difference between the opening price of a position in either shares or indices or commodities and its closing price. The amount of any profit or loss made on a CFD will be equal to the difference between the price of the underlying value of the index when the CFD is opened and the price of the underlying value of the index when the CFD is closed, multiplied by the number of index or commodity CFDs.

Being long CFD means buying the CFDs on the market with a view to selling them at a higher price, and making a margin deposit. In this situation the Client will be identified as the party who has purchased the indices or the commodities (i.e. the long party) and the Company will be identified as the short party.

Where the Client is the long party, the Client will generally make a profit if the price of the underlying index or commodity rises while the CFD position is open. Conversely, the Client will generally make a loss if the price of the underlying index or commodity falls while the CFD position is open. The Client may lose up to the total value of the underlying at the moment of the purchase multiplied by the number of index CFDs. The Client’s potential losses can therefore exceed the total value of the initial margin (and any additional margin funds) that the Client has deposited with the Company, insomuch as the Company may be obliged to close the Client’s positions at the worst possible time.

Being short CFD means the Client is selling the CFDs on the market with a view to repurchasing them at a lower price, and making a margin deposit. In this situation, the Client will be identified as the party who has sold the shares or the indices (i.e. the short party) and the Company will be identified as the long party.

Where the Client is the short party, the Client will generally make a profit if the price of the underlying index or commodity falls while the CFD position is open. Conversely, the Client will generally make a loss if the price of the underlying index or commodity rises while the CFD position is open. Theoretically, there is no limit to how far the market value of the underlying can rise. Hence, the Client’s potential losses are similarly unlimited.

As a result of existing market conditions, the Client may not be able to sell a CFD even if such a CFD is usually offered by the Company, or, when the Client has already sold a CFD, the Company may compel the Client to close his/her position.

BVIFOREX LTD reserves the right to increase spreads or margin requirements, and to take steps to impose procedures or restrictions that it – at its sole discretion –sees fit at any time.

The BVIFOREX LTD website can be accessed worldwide. However, it may be the case that the securities or financial instruments described are not legally permitted for all investor groups in all areas of jurisdiction or that access to such websites may be subject to legal restrictions. This site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local laws or regulations. The content is based on information obtained from sources believed to be reliable but is not guaranteed to accurate, nor is it a complete statement or summary of the markets of developments referred to in the content. This information should not be regarded by recipients as a substitute for the exercise of their own judgment. Any opinions expressed in this content are subject to change without notice and BVIFOREX LTD is not under any obligation to update or keep current the information contained herein. Spot foreign currency transactions, options, derivative products and futures are not suitable for all investors, and trading in these instruments is considered risky.

The BVIFOREX LTD website has been translated into various languages for the added convenience of the client. In the event of conflict between the original English website content and any translation of the website into other languages, or any other translated communication by BVIFOREX LTD, the English version shall prevail.

No Warranty

The information and materials contained in this site, including text, graphics, links or other items, are provided “As Is”, “As Available”. BVIFOREX LTD does not warrant the accuracy, adequacy or completeness of this information and materials and expressly disclaims liability for errors or omissions in this information and materials. No warranty of any kind, implied, expressed or statutory including but not limited to the warranties of non-infringement of third party rights, title, merchantability, fitness for a particular purpose and freedom from computer virus, is given in conjunction with the information and materials. No part of this content may be reproduced or distributed in any manner whatsoever without the written permission of the provider via the Internet or otherwise. BVIFOREX LTD accepts no liability whatsoever for the actions of third parties in this respect.

Limitation of Liability

In no event shall BVIFOREX LTD be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with this site or any linked site or use thereof or inability to use by any party, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if BVIFOREX LTD, or representatives thereof, are advised of the possibility of such damages, losses, or expenses. Furthermore, opening this website shall not render the user a customer of BVIFOREX LTD nor shall BVIFOREX LTD owe such users any duties or responsibilities as a result thereof.

Suitability & Appropriateness

Each Client’s knowledge and experience of financial instruments and investments, as well as other client information, is obtained in order to assess whether any investment advice provided is suitable. The appropriateness of the proposed client transactions in complex investment products is also assessed. These suitability and appropriateness tests help us to understand the financial profile and needs of our clients and offer them suitable/appropriate services and/or products.

Additional Terms

Certain sections or pages on this site may contain separate terms and conditions, which are in addition to these terms and conditions. In the event of a conflict, the additional terms and conditions shall prevail for those sections or pages.

Governing Law

Use of this site shall be governed by all applicable laws of the United Kingdom (UK).

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