Risk disclosure

1. General risk statement

Investments in securities markets are subject to market risks. Read all the related documents carefully before investing.

Trading and investing in securities markets involves risk of loss. Prices of securities can and do move against you, and you may lose part or all of the money you commit to a trade. Nothing on VNK Avenue — including market data, charts, or any feature of the Platform — is a promise or guarantee of any particular outcome, and past price movement is not a reliable indicator of future performance.

2. Equity market risk

Share prices are influenced by company performance, sector trends, and broader economic and political developments, many of which cannot be predicted. A stock can fall in value regardless of the price you paid for it, and in the case of company insolvency, an equity holding can become worthless.

3. Derivatives (futures & options) risk

Derivatives carry leverage and can result in losses greater than the initial outlay. They may not be suitable for every investor.

Futures and options are leveraged instruments: a relatively small movement in the underlying can produce a proportionally much larger movement in the value of your position. A futures position carries an obligation to settle regardless of the direction the market has moved, and an option position can expire worthless. You should not trade in derivatives unless you understand the nature of the contract and the extent of your exposure to risk.

4. Commodity market risk

Commodity prices can be volatile and are influenced by global supply, demand and currency movements.

5. Currency derivatives risk

Currency derivatives are exposed to exchange-rate movements and to macroeconomic and policy developments.

6. Margin and leverage risk

Trading on margin allows you to take a position larger than the funds you have deposited. This magnifies both gains and losses: a market movement against your position can result in a loss greater than your initial margin, and you may be required to deposit additional funds on short notice to maintain a position. If you do not maintain the required margin, your position may be squared off without further notice, potentially at an unfavourable price.

7. Liquidity risk

Not every security or contract trades with the same depth. In an illiquid instrument, you may not be able to exit a position at the price you expect, or at all, particularly during periods of high volatility.

8. Technology and system risk

Order placement and execution depend on the availability of the Platform, your internet connection, and the exchange's own systems. Any of these can experience downtime, latency, or a data feed interruption, which can delay order placement, modification or cancellation, or cause market data to be stale at the moment you act on it.

9. No investment advice

VNK Avenue does not provide investment advice, portfolio management, or a recommendation to buy, sell or hold any security. Every trading decision made on the Platform is made independently by you. Consider taking independent financial advice, appropriate to your own circumstances, before trading.

10. Acknowledgement

By using the Platform to place an order, you confirm that you have read and understood this Risk Disclosure, and that you are trading based on your own judgement and at your own risk. See also the Disclaimer and Terms & Conditions.