1.1 Lynx Fund Managers operating under the trading name Lynx Fund Managers is a Securities Service Provider Licensee regulated and authorised by the Financial Services Commission (“FCA”) in United Kingdom under the Licence Number: 834793 (hereinafter called the “Company”).
1.2 The Company is operating under the Securities Act 2007 (the “Act”), Securities (Conduct of Business) Regulations 2008, Securities (Forms and Fees) Regulations 2008, Securities (Prospectus) Regulations 2008, Securities (Takeovers) Regulations 2008, Securities (Takeovers) Regulations 2008, Securities (Advertisements) Regulations 2008 (collectively the “Applicable Regulations”).
1.3 This notice is provided to you because you are considering dealing with the Company in the investment products provided by the Company (hereinafter called “Securities”). Each investment product and service has its own distinct risks. This notice cannot and does not disclose or explain all of the risks and other significant aspects involved in these products or how such risks relate to your personal circumstances. This notice is solely designed to explain in general terms the nature of the risks particular to dealing in Securities offered by the Company and to help you to take investment decisions on an informed basis.
1.4 Prior to applying for an account, you should consider carefully whether trading in the investment products provided by the Company (“Securities”) is suitable for you in light of your needs, circumstances and financial situation. It is important that you fully understand the risks involved before making a decision to enter into a CFD transaction / contractwith us or to buy or sell an instrument available through a share trading accountyou may hold with the Company. If you are in any doubt about the risks involved with your Account, you should seek professional advice. In considering whether to engage in this form of trading, you should be aware of the following:
2.1 The Company offers its services on an ‘execution-onlybasis’. It does not provide you with investment advice relating to its services, Securities or possible transactions in Securities and does not make investment recommendations of any kind. We sometimes provide factual information or research recommendations about a market, information about transaction procedures and information about the potential risks involved and how those risks may be minimised. However, any decision to use our investment products or services is solely made by you.
2.2 The Company does not and cannot guarantee the initial capital of your portfolio or its value at any time or any money invested in any Security. You hereby unreservedly acknowledge and accept that, regardless of any information which may be offered by the Company, the value of the Securities provided by the Company may fluctuate downwards or upwards and it is even probable that the investment may become of no value.
2.3 You acknowledge that you run a great risk of incurring losses and damages as a result of the purchase and/or sale of any Security, as such transactions undertaken through the dealing services of the Company may be of a speculative nature. Large losses may occur in a short period of time, equaling the total of your funds deposited with the Company. You should not enter into a transaction / contract with the Company unless you are willing to undertake the risk of losing entirely all the funds which you haveinvested.
2.4 A derivative Security is a ‘non-deliverable’ transaction giving an opportunity to make profit on changes in currency rates, changes in prices of commodity, equity indices, shares or cryptocurrencies (called the “underlying instrument”).
2.5 You are solely responsible to monitor all of your open positions closely. Particularly, it is your sole responsibility to monitor your positions at all times and during the period that you have open positions on CFDs or hold any Securities in a share trading account, you should ensure that you have the ability to access your trading account(s) at all times.
2.6 Some Securities may not become immediately liquid as a result, for example, of reduced demand and you may not be in a position to sell them or easily obtain information on the value of these Securities or the extent of the associated risks.
2.7 If you trade in a market other than the base currency of your country of residence, any currency exchange fluctuations will impact the value, price and performance of the Security you traded in (therefore, it will impact your profits and losses).
2.8 Information on past performance of a Security does not guarantee its future performance. The use of historical data does not constitute a binding or safe forecast as to the corresponding future performance of the Securities to which the said information refers. Contracts you enter into with us are legally enforceable by both parties.
3.1 Some of the Securities provided by the Company are derivative Securities, where their price is derived from the price of the underlying reference Securities in which the Securities refer to. Placing ‘Stop Loss’Orders serves to limit your losses. However, derivative markets can be highly volatile and the value of derivative Securities and their underlying instrument may fluctuate rapidly under certain market conditions. Under such conditions the execution of a ‘Stop Loss’ Order may be worse than its stipulated (i.e. Client’s preset) price and the realized losses may be larger than expected. It may also be difficult or impossible to execute any type of order; therefore, ‘Stop Loss’ order cannot guarantee the limit of loss.
3.2 Movements in the price of underlying markets can be volatile and unpredictable. This will have a direct impact on your profits and losses; thus, knowing the volatility of an underlying market will assist you in evaluating whether any ‘Stop orders should be placed.
3.3 Your attention is expressly drawn, among others, to currencies traded infrequently that it cannot be certain that a price will be quoted at all times or that it may be difficult to effect transactions at a price which may be quoted owing to the absence of a counterparty.
3.4 The prices of Securities will be influenced by, amongst other factors/events, changing supply and demand relationships, governmental, agricultural, commercial and trade programs and policies, national and international political and economic events and the market sentiment.
3.5 ‘Gapping’ is a sudden shift in the price of an underlying market from one level to another and can occur when the underlying market is either open or even closed due to various factors/events (e.g., release of important news announcements, economic events, etc.). When such factors/events occur and the underlying market is closed, the price of the underlying market when it re-opens (and consequently our derived price) may be different from the closing price with no opportunity to sell the instrument(s) before the market opens.
3.6 Market conditions can change significantly in a very short period of time. As such, in case the Clientwishes to sell an instrument or close a Contract, he may not be able to do so under the same terms as when he purchased or opened it. Under certain trading conditions, it may be difficult or impossible to liquidate a position. This may occur, for example, at times of rapid price movement if the price rises or falls in one trading session to such an extent that under the rules of the relevant exchange trading is suspended or restricted.
3.7Transactions in derivative Securities are not undertaken on a recognized and regulated exchange (i.e., undertaken through the Company’s Trading Platform) and, as such, they may expose the Client to greater risks than regulated exchange transactions. The terms and conditions and trading rules may be established solely by the counterparty, which in this case is the Company. You may only be able to close an open position of any given Security during the operating hours of the Company’s Trading Platform. You will also have to close any position with the same counterparty with whom it was originally entered into.
