Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. By opening a trading account with us, you as a Client certify that you understand the risks involved, is financially able and of sound mind to assume the risks involved in speculating or trading of “Contracts” or other financial products of “Over-the-Counter” markets supplied or provided by Blaze Markets. We advise that you read through the following risks involved and if necessary to seek professional advice.
1. Forex Risk
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
2. Cryptocurrency Risk
Trading Cryptocurrencies on margin carries a high level of risk and may not be suitable for everyone. Past performance is not indicative of future results. Before getting involved in Cryptocurrency trading you should carefully consider your personal venture objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial deposit and therefore you should not place funds that you cannot afford to lose. You should be aware of all the risks associated with Cryptocurrency trading and seek advice from an independent financial advisor if you have any doubts.
3. Leverage & Margin Trading
If the Blazemarkets’s client decides to use the services of another company and provides this company with his/her/its personal information, the client should understand that the safety of his/her/its personal information becomes also the responsibility of the other company. Blaze Markets shall not be responsible for the privacy policies of other websites.
4. Electronic / Online Trading
Online trading has inherent risk due to system response and access times that may vary due to market conditions, system performance, and other factors. You should understand these and additional risks before trading. Client shall/will be responsible for technical issues such as:
- Hardware and software
- Internet connection
- MetaTrader installation and settings
- PC and mobile compatibility
- Electrical supply
Blaze Markets will not accept liability for any loss or damage, including without limitation any loss of profit which may arise directly or indirectly due to human errors or technical issues. There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since Blaze Markets does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. Blaze Markets employs back-up systems and contingency plans to minimize the possibility of system failure.
Blaze Markets’s contractual agreement not to seek redress for slippage, it’s obligation to execute Stop Loss Orders at the stop loss price or better, will not apply to Limit and Stop Loss Orders during market hours. This also includes price spikes. Stop Loss Orders or Stop Limit Orders, which are intended to limit losses may reduce the losses incurred by price fluctuations, however such orders may not be able to be executed under certain market conditions such as news release, key economic indicators, or special announcements. Blaze Markets will not accept liability for any loss or damage, including without limitation any loss of profit which may arise directly or indirectly due to market volatility or abnormal market conditions.
6. Trade Execution
Client acknowledges that upon execution of trade(s) made from Client Terminal, it cannot be cancelled or reversed. Any other instructions in regard to the particular trade will not be applied until completion of execution. Client shall and/or should verify details of trade such as Volume, Product, Price levels, desired Entry and Exit Point prior to executing trade. Trade transactions are performed on a First-in-First-out basis.
7. Third-Party / Agent
Blaze Markets is not obligated to review Third Party Trader(s) or Agent(s) selected by Client(s) to handle their accounts (trade for Client(s)) and is not liable for any losses incurred by such parties. Client(s) shall be responsible and liable for their decision on appointing and authorising such a person or parties, discretionary or non-discretionary and will not hold Blaze Markets liable. Any disputes arising from such relationships are to be resolved between Client(s) and authorised Third Party(ies) Trade/Agent. Blaze Markets only recognizes trades executed from Client trading account terminal and will not be held liable for the access of the account or executor of trades. We therefore strongly advise that you practise caution and security on safe-keeping your trading password to avoid disputes.
8. Bankruptcy / Company Insolvency
In the event of Bankruptcy or Company Insolvency, priority will be given to creditors. Trades/contracts/transactions executed on Blaze Markets are not traded on exchanges and therefore Clients’ funds protection is not similar to that of exchange-traded funds. In the event of Company’s insolvency, clients will be paid from monies available after priority claims are paid.
9. Force Majeure
Client bares and accepts risk of financial losses due to Force Majeure. If the performance of any part of this Agreement by either party is prevented, hindered, delayed or otherwise made impracticable by reason of any flood, riot, fire, judicial or governmental action, labor dispute, act of God, act of terrorism or any other cause beyond the reasonable control of a party, that party shall be excused from such performance to the extent it is prevented, hindered or delayed by such cause, provided that the parties shall at all times act in good faith and use their commercially reasonable efforts to re-commence performance as soon as practicable.
10. Trading Strategies
All trading strategies are used at your own risk. Any content on blazemarkets.com should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. Past results are no indication of future performance. In no event should the content of this correspondence be construed as an express or implied promise or guarantee. Blaze Markets is not responsible for any losses incurred as a result of your trading strategies. Loss-limiting strategies such as stop loss orders may not be effective because market conditions or technological issues may make it impossible to execute such orders. Likewise, strategies using combinations of options and/or futures positions such as “spread”, or “straddle” trades may be just as risky as simple long and short positions. No guarantee of any kind is implied or possible where projections of future conditions are attempted.