General Risk : Trading foreign exchange and CFDs futures on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading, and seek advice from an independent financial advisor if you have any doubts.
Volatility Risk: Trading financially derivative contracts may cause a loss due to the high fluctuation of the prices of underlying products. Volatile markets can result in your favour of against you; customers are strongly advice to understand the nature and impact of the market before making any investment decision.
Interest Rate Risk: When interest rates of the currencies which are the subject of transaction and swap points you are might be receiving turn to be negative figures, you will have to pay the swap points. This can lead to short of margins and some time forced liquidation as an investor you should always keep complete understanding of your account status.
Leverage Risk: Forex transactions involves an amount larger than the amount of margins due to leverage, that a customer is required to deposit for the transaction, and therefore, the amount of loss may be larger than amount margins.
Spreads: In the situation that the market prices change abruptly, the spread of bid and offer widens or it is possible that you are unable to make transactions as you wish.
Internet Trading Risks
There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, hardware malfunction, software failure, and Internet connection problems. Because HonorFx does not control signal power, reception or routing via Internet, the configuration of your equipment or the reliability of its connection, we cannot be responsible for communication failures, distortions or delays you may experience while trading via the Internet. HonorFx employs back-up systems and contingency plans to minimize the possibility of system failure.
Accuracy of Information
HonorFx makes its best effort to keep the information on its website as current and accurate as possible. However, HonorFx still cannot guarantee the accuracy of said materials. No single source of information, including the website of HonorFx, should be used as the sole basis for any financial decision. We will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, nor for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.
A customer is not allowed to cancel an order once it has been filled.
HonorFx is not responsible for any outcome of a client using his own money manager to trade an account on his behalf. HonorFx strongly advises each client to thoroughly investigate a money manager and his previous trading results before authorizing him to trade on one’s account. Money managers are not HonorFx employees, and simply use the HonorFx dealing desk for execution.
This site is not intended for distribution or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.
Third Party Links and Readings
No warranties are given by HonorFx and no warranties are implied regarding the content of the suggested reading material or the content of the website(s) which can be accessed through this website. HonorFx shall not be liable in any way for losses or liability of any kind to any person resulting directly or indirectly through the use in any way by such person of the information referred to and/or use of the suggested reading material or the website(s), however such loss or liability occurs, and whether financial or otherwise. The pages and the opinions or information contained in the suggested reading material or these website(s) are the creation of outside parties and do not necessarily reflect the opinions or representations of HonorFx.