Activity on the FOREX international currency market is inevitably related to a large number of risks. The Client acknowledges that they are warned about the losses that they may incur from engaging in such activities. This Risk Disclosure Notice describes the most common risks, but due to the nature of the activities undertaken at the FOREX international currency market, other risks may arise that are not foreseen by this Notice. I. Leverage risks/effect When making transactions on terms of marginal trading, a relatively minor deviation of the rate can bring either considerable profit or losses. When the market moves against Client, he can lose all the deposited funds. The Client shall be fully liable for allocation of his/her financial resources, the relevant trading strategy, and shall take into account all leverage-related risks. II. Technical Risks Client accepts the risks of financial losses incurred because of failures of information, communication, electronic and other systems. Client accepts the risks of financial losses, which can happen because of malfunction of hardware and software facilities and poor communication at Client’s side. III. Communication Risks Client accepts the risks associated with unauthorized access to the information he sent (by electronic mail or using instant message service) in case it was sent unencrypted. Client accepts the risks of financial losses incurred in result of delay or non-receipt by Client a message from the Agent or the Broker. Client bears sole responsibility for safety of confidential information received from the Agent or the Broker and accepts the risks of financial losses incurred in result of unauthorized access of the third parties to the trading account. IV. Force Majeure The Agent holds no responsibility for any activity of the third parties, which may influence on the cooperation between the Broker and the Client. Client accepts the risks of financial losses incurred in result of force majeure circumstances: hostility, terrorist acts, acts of God, trading halts at financial markets, sharp decrease of liquidity caused by financial market instability, currency interventions, legislation changes, changes of other parties’ conditions, etc. The Agent shall bear no responsibility before the Client for any actions, inactions or omissions of a third party and also for any losses incurred by the Client in a result of actions, inactions or omissions of a third party unless such losses directly arises from the Agent’s willful default or fraud or gross negligence. The Agent shall also bear no responsibility or liability for unfavorable consequences for the Client due to the insolvency/bankruptcy of a third party.