I. General Provisions
The client (hereinafter referred to as “you”) should carefully consider whether gold and silver trading is suitable for you based on your personal financial situation, investment experience, investment objectives, and risk tolerance. Before engaging in any gold and silver trading, you should seek independent legal, tax and / or financial professional advice. This statement is intended to disclose to you the principal risks of gold and silver trading and the related disclaimer matters; however, it does not fully cover all potential risks. Before trading, you should carefully read all information provided by the trading platform and make your investment decision only after fully understanding the nature of the transactions and the associated risks.
II. Disclosure of Key Trading Risks
(1) Price Volatility and Loss Risk
- Gold and silver prices are affected by many factors, including the global economic environment, geopolitics, interest rate changes, and supply-demand dynamics. Prices may rise or fall, and fluctuations may be extremely severe. Trading gold and silver may not generate profits and may instead result in losses, including losses exceeding your initial investment.
- Losses arising from leveraged gold and silver trading may be substantial, and the losses you bear may exceed the margin originally invested. Even if you place contingent orders such as “stop-loss orders” or “stop-limit orders,” such orders may not necessarily limit losses within the expected range, and market conditions may prevent such orders from being executed.
(2) Nature of Contracts and Self-Assessment Risk
- Before entering into any transaction, you should fully understand the nature of the contract to be entered into, the relevant contractual relationships, and the extent of the risks to be assumed, including but not limited to trading rules, settlement methods, and margin requirements.
- Gold and silver trading (especially leveraged trading or over-the-counter trading) is speculative and involves a high degree of risk. It is suitable only for persons who are able to bear the risk of losses exceeding their margin deposits. You should carefully assess whether such trading is suitable based on your own investment experience, financial resources, risk tolerance, and other relevant circumstances.
- If you have previously invested only in low-risk instruments, it is recommended that you further study gold and silver trading before trading formally. You confirm that the funds used for trading are pure risk capital and that any loss of such funds will not jeopardize your lifestyle, future retirement plans, or obligations owed to third parties.
(3) Margin and Forced Liquidation Risk
- In leveraged trading, you may be required to deposit additional margin within a short period of time in order to maintain your positions. If you fail to provide the required funds within the specified time, your positions may be forcibly liquidated, and you will still be responsible for repaying any deficit in your account.
- Margin-based over-the-counter gold and silver trading is one of the higher-risk forms of investment in the financial markets and is suitable only for experienced investors and institutions. When you trade through an account opened with JZ Gold (hereinafter referred to as the “Company”), the leverage ratio may be as high as one hundred times the assets in the account (the ratio may be modified by the Company from time to time or adjusted in accordance with applicable regulations). Given the possibility of losing the entire investment, trading funds must be risk capital that you can afford to lose without affecting your own financial condition.
(4) Counterparty and Over-the-Counter Trading Risk
- The Company may act as the counterparty to your transactions in over-the-counter trading. In such circumstances, you may face difficulties in closing positions, in determining the fair value of assets, or in assessing risk exposure, and such transactions may involve greater risk.
- Over-the-counter trading may be subject to less regulation or fall under a separate regulatory framework, and differs from exchange-traded transactions. Before trading, you should fully understand the applicable rules and the risks involved.
(5) Account and Password Security Risk
- When opening an account, you should carefully read all terms and conditions. After the Company sends your account name and password, you must keep them properly and must not provide your password to any person / institution to trade on your behalf or handle related matters.
- Any loss caused by the disclosure of your password, unauthorized use, or use by another person due to your own negligence shall be borne entirely by you.
(6) Third-Party Opinions and Investment Recommendation Risk
- If you trade in reliance on any trading advice or recommendation from any third party (including employees or representatives of the Company or any other institution), the related risks shall be borne by you. The Company does not guarantee the accuracy or profitability of any trading advice, and you agree not to hold the Company liable for any loss resulting from following such advice.
- Neither the Company nor any related person has made any guarantee of profit or guarantee against loss to you, and you confirm that you have not entered into any trading agreement on the basis of any such guarantee.
(7) Fees and Cost Risk
Before commencing trading, you should clearly understand all commissions, handling fees, margin interest, delivery charges, and any other related fees that must be paid. Such charges will directly affect your net profit or further increase the amount of your losses.
(8) Electronic Trading System Risk
- Electronic trading relies on computer systems for the transmission, execution, matching, recording, and settlement of trading instructions. All facilities and systems may be subject to temporary interruption, malfunction, or cyberattack.
- A system failure may cause your trading instructions to be executed late, not in accordance with instructions, or not executed at all. Any compensation available to you in such circumstances may be subject to the limits of liability imposed by system providers, the market, and / or the Company. Such limits may vary, and you may contact the Company for details.
- The Company does not control signal strength, internet reception and routing, your device configuration, or connection reliability, and therefore assumes no liability for communication failures, signal distortion, or delays occurring in internet trading.
(9) Safekeeping of Assets Risk
If you deposit money or other property with the Company for the purpose of trading, you should clearly understand the safeguards applicable to such assets, especially the protection mechanisms in the event of the Company’s bankruptcy or insolvency. The amount of money or property you may recover may be subject to relevant legal provisions and enforcement conditions.
(10) Cross-Jurisdictional Trading Risk
- Trading in markets located in other jurisdictions may involve additional risks. The rules of such markets may provide different or reduced investor protections, and the regulatory authority in your place of residence may not be able to compel the regulatory authority in the place where the transaction occurs to enforce the relevant rules.
- Before trading, you should ascertain all local rules relevant to the transaction and inquire with the Company about the types and details of remedies available in your jurisdiction and in the place where the transaction occurs.
(11) Market Liquidity and Trading Interruption Risk
Market conditions (such as insufficient liquidity) or certain market operating rules (such as trading halts caused by price-limit circuit breakers) may make trade execution, closing positions, or locking positions difficult or impossible, thereby increasing the risk of loss. In addition, the normal price relationship between the underlying assets and gold and silver may break down, and the lack of reference prices may make it difficult to determine a “fair” price.
(12) Quotation and Execution Error Risk
- If any quotation or execution price error occurs (including but not limited to trader misquotes, quotations not reflecting fair market value, errors caused by hardware / software / network failures, or errors in data provided by third parties), the Company shall not be liable for any resulting margin deficiency, account balance changes, profit or loss, or position changes.
- When placing an order, you should allow sufficient time for execution and for the system to calculate margin. If the execution price or settings of the order are too close to the market price, other orders or margin alerts may be triggered. The Company shall not be responsible for any related losses caused by the system not being given sufficient time for execution or calculation.
- In the event of any of the above errors, the Company reserves the absolute right to cancel and / or correct the relevant transaction(s). Any dispute shall be resolved at the sole and absolute discretion of the Company. You agree to indemnify the Company and hold it harmless from any loss, damage, or liability arising from such errors.
(13) Price Difference Risk
You acknowledge that spot prices of gold and silver vary among institutions and change from second to second, including due to time lags in data transmission and other factors. Accordingly, it may at times be impossible to trade at the published price. You agree to accept the prices quoted by the Company from time to time, which shall be the best prices available at the relevant time.
III. Disclaimer
(1) Intellectual Property and Copyright Disclaimer
All market data, financial quotations, news, research reports, graphics, images, and other materials provided on the Company’s website and trading platform are supplied by the Company or its data providers. Their intellectual property rights belong to the Company or the relevant data providers and are protected by applicable laws. Without the prior written consent of the Company or the relevant data providers, it is strictly prohibited to reproduce, transmit, publicize, sell, distribute, publish, disseminate, store, or use such materials for any commercial purpose in any form.
(2) Accuracy of Information and Limitation of Liability
- The Company, its data providers, and its endorsers will use their best efforts to ensure the accuracy and reliability of the information provided, but make no express or implied representation or warranty as to the accuracy, reliability, sufficiency, completeness, appropriateness, or timeliness of such information.
- Except for errors or omissions caused by the Company’s, its employees’, agents’, or representatives’ gross negligence, fraud, or dishonest conduct, the Company, its data providers, and its endorsers shall not be liable for any loss or damage arising from any error in or omission from the information, whether in tort, contract, or otherwise.
(3) Third-Party Views and Links Disclaimer
- The Company accepts no responsibility for any analysis, opinions, comments, proposals, research reports, market information, or content linked to third-party websites appearing on its webpages or platform. Such materials represent only the views of the relevant authors and do not constitute investment advice from the Company.
- The Company cannot and will not guarantee the accuracy, validity, timeliness, or completeness of third-party information. You should conduct your own independent assessment and any other appropriate research before making an investment decision.
(4) Non-Solicitation Statement
All content provided on this website and platform is for reference only and does not constitute an offer, invitation, solicitation, investment advice, or recommendation to purchase or sell any gold and silver products or related services.
(5) Past Performance and Independent Assessment
Prices of gold and silver products mentioned on this website and platform may rise or fall. Past price performance or trading results should not be regarded as an indicator or guarantee of future performance. You should independently assess trading risks and, before entering into any transaction, consult your own legal, tax, financial, or other professional advisers for relevant advice.
(6) Force Majeure and Uncontrollable Factors Disclaimer
The Company shall not be liable for any delay in transmission of trading instructions, execution failure, or loss caused by transmission or communication facility failures, power outages, natural disasters, war, policy changes, or any other cause beyond the Company’s control or reasonable anticipation. The Company shall only bear corresponding liability for losses caused by its own intentional misconduct, gross negligence, or fraud, and shall not be responsible for losses caused by the negligence of any of its employees or other representatives.
IV. Client Acknowledgement and Consent
You confirm that you have carefully read, fully understood, and agreed to all contents of this statement; that you clearly understand the various risks of gold and silver trading; and that, based on your own independent judgment, you decide whether to participate in trading and are willing to bear all related trading risks and any losses that may arise.
Client Signature: __________________________
Date: _______ / _______ / _______
Contact Telephone: ________________________
Account Number: ________________________