Legal
Investments are not insured and are subject to investment risk, including possible loss of the principal invested.
Carefully consider your investment funds and objectives.
Before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Consider market volatility.
There is a considerable exposure to risk in any foreign exchange transaction. Any transaction involving foreign currencies is exposed to risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. More over, the leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call within the time prescribed, your position will be liquidated and you will be responsible for any resulting losses. Investors may lower their exposure to risk by employing risk-reducing strategies such as ‘stop-loss’ or ‘stop-limit’ orders.
Consider a possibility of software and hardware failure.
There are also risks associated with utilizing an Internet-based deal execution software application including, but not limited, to the failure of hardware and software. Spot FX Clearing Corp. employs back up systems and contingency plans to minimize the possibility of system failure, and phone trading is always available.
Site Disclaimer
Access to or use of the Spot FX Clearing Web Site constitutes consent to the following terms:
Interest rates, terms, and other information are subject to change without notice. Full disclosure of product terms and conditions is provided at account opening or upon request by contacting one of our branch offices. Spot FX Clearing makes no express or implied warranty regarding the information or data presented on this web site, and hereby expressly disclaims all legal liability and responsibility to persons or entities who use or access this web site and its content, based on their reliance on any information or data that is available through this web site.
In compliance with the Children’s Online Privacy Protection Act (COPPA) we do not seek information from children 13 and under.
Please note that the Spot FX Clearing Web Site is for authorized use only. Unauthorized access or use is strictly prohibited and is subject to prosecution under the Computer Fraud and Abuse Act of 1986 and Title 18 U.S.C. Sec 1001 and 1030.
This site is best viewed with Microsoft Internet Explorer 6.0 with your screen set at a resolution of 800 X 600.
USA Patriot Act
Important information about procedures for opening a new account.
To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means for you:
When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver?s license or other identifying documents. We may retain copies of certain documents.