Notification on Non-Independent Investment Research and Risk Warning

General

Please note that our Online Trading Facility is not available to access and/or use where it is illegal to do so. In this regard, it is your sole obligation to ensure that you fully comply with any law, regulation or secondary legislation, relevant to your country of residence, about accessing and/or using our Online Trading Facility. For the avoidance of doubt, the ability to access our Online Trading Facility does not necessarily mean that our Online Trading Facility, and/or any activities you may undertake through it, is/are legal under the laws and regulations relevant to your country of residence.

Our Online Trading Facility does not constitute, and may not be used for the purposes of, an offer and/or solicitation to anyone in any jurisdiction in which such offer and/or solicitation is not authorized, and/or to any person to whom it is unlawful to make such an offer and/or solicitation. Therefore, access to and/or use of our Online Trading Facility, and the offering of financial instruments via our Online Trading Facility, may be restricted in certain jurisdictions. Accordingly, users accessing our Online Trading Facility are required to inform themselves of, and to observe, such restrictions.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice.

Non-Independent Investment Research

To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations.

No Representations/Warranties

XM and its third-party content providers accept no responsibility for any possible use of these comments and for any possible consequences resulting from it. No representation or warranty is given as to the accuracy or completeness of this information. This information set out herein should not be regarded by recipients as a substitute for the exercise of their own judgment as the information has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient.

Conflicts of Interest

Although we are not specifically constrained from dealing ahead of the publication of our research, XM does not seek to take advantage of it before it is provided to its clients. XM Group Entities aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to any material risk of damage to the interests of our clients. XM Group Entities operate a policy of independence, which requires its employees and/or counterparties to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

Past Performance Not Indicative

Our Online Trading Facility may reference past performance. Past performance is not a reliable indicator of future performance. Indications of past performance displayed on our Online Trading Facility may not necessarily be repeated in the future. No representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past or that significant losses will be avoided.

Forward-Looking Statements

The marketing material included on our Online Trading Facility, may contain forward-looking statements. Such statements could be data obtained as a result of simulated past/future performance based on current expectations, estimates, projections, opinions and beliefs of members of the XM Group Entities and/or of third-party providers. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. No assurances can be given that the forward-looking statements in this document will be released.

Risk Warning

Trading on any financial market involves a significant level of risk to your capital. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all your invested capital, so please make sure that you fully understand the risks involved. Please also ensure that you have read and fully understood the Risk Disclosure on our Online Trading Facility, which can be accessed here.

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Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.