Risk Warning

Risk Disclosure Statement

This brief statement does not disclose all of the risks in Currency Forex trading and other significant aspects of trading in leveraged investments. In light of the risks, Client should undertake such transactions only if Client understands the nature of the contracts (and contractual relationships) into which Client is entering and the extent of Client 's exposure to risk.

The Client should carefully consider whether trading is appropriate for the Client in light of the Client 's experience, objectives, financial resources and other circumstances.

Effect of "Leverage or Gearing"

Transactions in Currency Forex accounts carry a high degree of risk. The amount of initial margin is small relative to the value of the Currency Forex contract so that transactions are 'leveraged' or 'geared'.

A relatively small market movement will have a proportionately larger impact on the funds Client has deposited or will have to deposit; this may work against Client as well as for Client.

Client may sustain a total loss of initial margin funds and any additional funds deposited with the the Vinson Financials to maintain the Client 's position. Client should be aware that if the market moves against the Client 's position, Client 's position may be liquidated at a loss.

Off-exchange transactions

Currency Forex is not traded on a regulated exchange. Currency Forex is traded on the "Interbank" system. The Interbank system consists of banks/clearing houses that exchange Currency positions with other banks/clearing houses.

There are no guarantees that the counterparties with whom the Vinson Financials deals are creditworthy. Every attempt has been made to deal with reputable creditworthy banks/clearing houses.

Also, there may be certain cases when trading liquidity decreases, causing trading in a certain Currency to cease, thereby preventing the liquidation of an adverse position, which may result in a substantial financial loss to the Customer.

Transactions in different jurisdictions

Off-exchange transactions may be less regulated or subject to a separate regulatory regime, which may offer diminished investor protection. Before Client trades, Client should inquire about any rules relevant to the Client 's particular transactions.

Market risks and on-line trading

Trading on an electronic trading system may differ not only from trading in the interbank market but also from trading on other electronic trading systems. If you undertake transactions on an electronic trading system, you will be exposed to risks associated with the system including the failure of hardware and software.

The result of any system failure may be that your order is either not executed according to your instructions or is not executed at all. Trading on-line, no matter how convenient or efficient, does not necessarily reduce risks associated with currency trading.

Client warrants that in consideration of the Vinson Financials's carrying his account(s), Client agrees not to hold the Vinson Financials responsible for losses incurred through following its trading recommendations or suggestions or those of its employees, agents or representatives.

Client recognizes that guarantees of profit or freedom from loss are impossible of performance in OTCFX trading. Client acknowledges that Client has received no such guarantees from the Vinson Financials or from any of its representatives or any introducing agent and has not entered into the Live Client Agreement in consideration of or in reliance upon any such guarantees or similar representations.

Client agrees that Client is fully responsible for making all final decisions as to transactions effected for Client 's account. Client has considered the foregoing factors and in view of Client 's present and anticipated continued financial resources, Client is willing and able to assume the substantial financial risks of Currency Forex trading.