In consideration of OzoneMarkets (“OzoneMarkets”) agreeing to enter into over-the-counter (“OTC”) contracts for differences (“CFDs”) with the undersigned (hereinafter referred to as the “Customer”, “you”, “your”), Customer acknowledges, understands and agrees that: Trading Is Very Speculative and Risky.
Trading CFDs is highly speculative, involves a significant risk of loss and is not suitable for all investors but only for those customers who:

• understand and are willing to assume the economic, legal and other risks involved;
• are experienced and knowledgeable about trading in derivatives and in underlying asset types;
• are financially able to assume losses significantly in excess of margin or deposits because investors may lose the total value of the contract not just the margin or the deposit.

CFDs are not appropriate investments for retirement funds. CFD transactions are among the riskiest types of investments and can result in large losses. Customer represents, warrants and agrees that Customer understands these risks, is willing and able, financially and otherwise, to assume the risks of trading CFDs and that the loss of Customer’s entire account balance will not change Customer’s lifestyle.

Risks Related to Long CFD positions, i.e. for Purchasers of CFDs

Being long in CFD means you are buying the CFDs on the market by speculating that the market price of the underlying will rise between the time of the purchase and sale. As owner of a long position, you will generally make a profit if the market price of the underlying rises whilst your CFD long position is open. On the contrary, you will generally suffer a loss, if the market price of the underlying falls whilst your CFD long position is open. Your potential loss may therefore be bigger than the initial margin deposited. In addition, you might suffer a loss due to the closing of your position, in case you do not have enough liquidity for the margin on your account in order to maintain your position open.

Risks Related to short CFD positions, i.e. for sellers of CFDs

Being short in CFD means you are selling the CFDs on the market by speculating that the market price of the underlying will fall between the time of the purchase and sale. As owner of a short position, you will generally make a profit if the market price of the underlying falls whilst your CFD short position is open. On the contrary, you will generally suffer a loss, if the market price of the underlying rises whilst your CFD short position is open. Your potential loss may therefore be bigger than the initial margin deposited. In addition, you might suffer a loss due to the closing of your position, in case you do not have enough liquidity for the margin on your account in order to maintain your position open.

High Leverage And Low Margin Can Lead To Quick Losses

• The high degree of “gearing” or “leverage” is a particular feature of both CFDs. The effect of leverage makes investing in CFDs riskier than investing in the underlying asset.
• This stems from the margining system applicable to CFDs which generally involves a small deposit relative to the size of the transaction, so that a relatively small price movement in the underlying asset can have a disproportionately dramatic effect on your trade. This can be both advantageous and disadvantageous. A small price movement in your favour can provide a high return on the deposit, however, a small price movement against you may result in significant losses. Your losses will never exceed the balance of your account, which is balanced to zero, if the losses are higher than the amount deposited. Such losses can occur quickly. The greater the leverage, the greater the risk. The size of leverage therefore partly determines the result of the investment.

Margin Requirements

Customer must maintain the minimum margin requirement on their open positions at all times. It is Customer’s responsibility to monitor his/her account balance. Customer may receive a margin call to deposit additional cash if the margin in the account concerned is too low. OzoneMarkets has the right to liquidate any or all open positions whenever the minimum margin requirement is not maintained and this may result in Customer’s CFDs being closed at a loss for which you will be liable.

Spread

• The difference between our bid price and our ask price is “Our Spread”. Our Spreads are set in our absolute discretion, since we are acting as market maker, and any changes are effective immediately.
• Information in relation to Our Spread, leverage, rollover fees and trading hours for each market is stated in CFD Trading Conditions pages of OzoneMarkets’s website.

Cash Settlement

Customer understands that CFD can only be settled in cash and the difference between the buying and selling price partly determines the result of the investment.

Conflicts of Interest

OzoneMarkets is counterparty to all Transactions entered into under the Customer Agreement and, as such, OzoneMarkets’s interests may be in conflict with yours. Our Conflicts of Interest Policy is available at OzoneMarkets’s website.

OTC Transactions

When trading CFDs with us, such transactions will not be executed on a recognized or designated investment exchange and are known as OTC transactions. All positions entered into with us must be closed with us and cannot be closed with any other entity. OTC transactions may involve greater risk than investing in on-exchange contracts because there is no exchange market on which to close out an open position. It may be impossible to liquidate an existing position, to assess the value of the position arising from an OTC transaction or to assess the exposure to risk. Bid prices and ask prices may not be quoted by us, based on best execution policies applicable in the market. There is no central clearing and no guarantee by any other party of OzoneMarkets’s payment obligations to the Customer, thus Customer is exposed to credit risk with OzoneMarkets. Customer must look only to OzoneMarkets’s for performance of all contracts in Customer’s account and for return of any margin or collateral.

Prices, Margin And Valuations Are Set By OzoneMarkets And May Be Different From Prices Reported Elsewhere

• OzoneMarkets will provide prices to be used in trading, valuation of Customer positions and determination of Margin requirements in accordance with its Trading Policies and Procedures and Market Information Sheets. The performance of your CFD will depend on the prices set by OzoneMarkets and market fluctuations in the underlying asset to which your contract relates. Each underlying asset therefore carries specific risks that affect the result of the CFD concerned.
• Our prices for a given market are calculated by reference to the price of the relevant underlying asset which we obtain from third party external reference sources or exchanges. For our CFD, we obtain price data from wholesale market participants. Although OzoneMarkets expects that these prices will be reasonably related to prices available in the market, OzoneMarkets’s prices may vary from prices available to banks and other market participants. OzoneMarkets has considerable discretion in setting and collecting margin. OzoneMarkets is authorized to convert funds in Customer’s account for margin into and from such foreign currency at a rate of exchange determined by OzoneMarkets in its sole discretion on the basis of then-prevailing money market rates.

Rights to Underlying Assets

You have no rights or obligations in respect of the underlying instruments or assets relating to your CFDs. The Customer understands that CFDs can have different underlying assets, such as stocks, indices, currencies and commodities, as specified in CFD Trading Conditions pages of OzoneMarkets’s website.

Currency Risk

Investing in CFDs with an underlying asset listed in a currency other than your base currency entails a currency risk, due to the fact that when the CFD Contract is settled in a currency other than your base currency, the value of your return may be affected by its conversion into the base currency.

One Click Trading And Immediate Execution

OzoneMarkets’s Online Trading System provides immediate transmission of Customer’s order once Customer enters the notional amount and clicks “Buy/Sell.” This means that there is no opportunity to review the order after clicking “Buy/Sell” and Market Orders cannot be cancelled or modified. This feature may be different from other trading systems you have used. Customer should utilize the Demo Trading System to become familiar with the Online Trading System before actually trading online with OzoneMarkets. Customer acknowledges and agrees that by using OzoneMarkets’s Online Trading System, Customer agrees to the one-click system and accepts the risk of this immediate transmission/execution feature.

Telephone Orders And Immediate Execution

Market Orders executed over the telephone through the OzoneMarkets Trading Desk are completed when the OzoneMarkets’s telephone operator says “deal” or “done” following Customer’s placing of an order. Upon such confirmation of the telephone operator, Customer has bought or sold and cannot cancel the Market Order. By placing Market Orders through the OzoneMarkets Trading Desk, Customer acknowledges and agrees to such immediate execution and accepts the risk of this immediate execution feature.

OzoneMarkets Is Not An Adviser Or A Fiduciary To Customer

Where OzoneMarkets provides generic market recommendations, such generic recommendations do not constitute a personal recommendation or investment advice and have not considered any of your personal circumstances or your investment objectives, nor is it an offer to buy or sell, or the solicitation of an offer to buy or sell, any Cross Currency Contracts. Each decision by Customer to enter into a CFD with OzoneMarkets and each decision as to whether a transaction is appropriate or proper for Customer, is an independent decision made by the Customer. OzoneMarkets is not acting as an advisor or serving as a fiduciary to Customer. Customer agrees that 2OzoneMarkets has no fiduciary duty to Customer and no liability in connection with and is not responsible for any liabilities, claims, damages, costs and expenses, including attorneys’ fees, incurred in connection with Customer following OzoneMarkets’s generic trading recommendations or taking or not taking any action based upon any generic recommendation or information provided by OzoneMarkets.

Recommendations Are Not Guaranteed

The generic market recommendations provided by OzoneMarkets are based solely on the judgment of OzoneMarkets’s personnel and should be considered as such. Customer acknowledges that Customer enters into any Transactions relying on Customer’s own judgment. Any market recommendations provided are generic only and may or may not be consistent with the market positions or intentions of OzoneMarkets and/or its affiliates. The generic market recommendations of OzoneMarkets are based upon information believed to be reliable, but OzoneMarkets cannot and does not guarantee the accuracy or completeness thereof or represent that following such generic recommendations will reduce or eliminate the risk inherent in trading CFDs.

No Guarantees Of Profit

There are no guarantees of profit nor of avoiding losses when trading CFDs. Customer has received no such guarantees from OzoneMarkets or from any of its representatives. Customer is aware of the risks inherent in trading CFDs and is financially able to bear such risks and withstand any losses incurred.

Customer May Not Be Able To Close Open Positions

Due to market conditions which may cause any unusual and rapid market price fluctuations, or other circumstances, OzoneMarkets may be unable to close out Customer’s position at the price specified by Customer and the risk controls imposed by OzoneMarkets might not work and Customer agrees that OzoneMarkets will bear no liability for a failure to do so.

Internet Trading

When Customer trades online (via the internet), OzoneMarkets shall not be liable for any claims, losses, damages, costs or expenses, caused, directly or indirectly, by any malfunction, disruption or failure of any transmission, communication system, computer facility or trading software, whether belonging to OzoneMarkets, Customer, any exchange or any settlement or clearing system.

Telephone Orders

OzoneMarkets is not responsible for disruption, failure or malfunction of telephone facilities and does not guarantee its telephone availability. For the avoidance of doubt, Customer is aware that OzoneMarkets may not be reachable by telephone at all times. In such cases Customer shall place his/her order through other means offered by OzoneMarkets.

Quoting Errors

Should a quoting error occur (including responses to Customer requests), OzoneMarkets is not liable for any resulting errors in account balances and reserves the right to make necessary corrections or adjustments to the relevant Account. Any dispute arising from such quoting errors will be resolved on the basis of the fair market value, as determined by OzoneMarkets in its sole discretion and acting in good faith, of the relevant market at the time such an error occurred. In cases where the prevailing market represents prices different from the prices OzoneMarkets has posted on our screen, OzoneMarkets will attempt, on a best efforts basis, to execute Transactions on or close to the prevailing market prices. These prevailing market prices will be the prices, which are ultimately reflected on the Customer statements. This may or may not adversely affect the Customer’s realized and unrealized gains and losses.

I / WE HAVE READ, UNDERSTOOD AND AGREE TO THE RISK DISCLOSURE STATEMENT AND THE TRADING POLICIES AND PROCEDURES SET OUT ABOVE