This risk warning covers both leveraged products and conventional shares. Please ensure you read and understand the section relating to the product you intend to trade.

Risk Warning – Leveraged Products

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

1. CFDs, Spread Betting and FX can only be settled in cash.
2. Trading in leveraged products may result in a ‘margin call’, which means you may be required to make a series of payments against the purchase price instead of paying the whole purchase price immediately.  If the market moves against you, you may be called upon to pay additional margin to maintain the position. If you do not within the time required, your position may be closed at a loss.
3.  Before you begin to trade, we will provide you with details of all dealing costs and other charges. When trading CFDs, dealing costs will be charged as a percentage of the total contract value, and not simply as a percentage of your initial payment.

Risk Warning – Shares

1. The market information relating to the past performance of shares and other investments are not necessarily a guide to future performance. The value of shares and other investments, or income from them, may go down as well as up. As shares are valued from second to second, the bid and ask value can fluctuate widely. The value of investments may rise or fall due to the volatility of global markets, interest rates and capital values or, for overseas assets, fluctuations of the exchange rate in the home currency of the investments. You may not necessarily get back all of your original investment.
2. Where you are unsure about an investment, you should obtain appropriate independent financial advice.
3. The content provided on this site is for your personal information and use, intended to help you make an informed decision. It is not intended to address your particular requirements or to be relied upon in making (or refraining from making) any specific investment. Such content shall not constitute any form of personal recommendation by us.

Taxes may affect the net value of investments and related income. UK legislation and regulations, including the UK tax regime, are amended from time to time. You should not rely upon any content on this site referring to such regulation, legislation or tax regime.