Trading foreign exchange (Forex), CFDs, and other financial instruments on margin carries a high level of risk and may not be suitable for all investors. This Risk Disclosure and Warning Notice is issued by Altus Markets Limited (AltusFX) to inform clients of the potential risks involved in trading. Before deciding to trade with AltusFX, you should carefully consider your objectives, financial situation, needs, and level of experience. Warning: You could sustain a loss of some or all of your invested capital; do not trade with money you cannot afford to lose. Below, we outline important risk factors (this list may not encompass every risk, but highlights major categories you should be aware of):

A. Use of Leverage

Leverage allows you to open positions larger than your own capital would otherwise permit by borrowing funds for trading. While leverage can amplify your potential profits, it also amplifies losses. Even small market movements can have a big impact on a heavily leveraged account. For example, a price change of just 1% could result in a 10% change in the value of your leveraged position (depending on the leverage ratio). If the market moves against you, you may quickly incur losses that exceed your initial deposit. You are solely responsible for the risks of using leverage. Always understand that higher leverage increases the chance of losing a substantial portion of your funds in a short time frame.

B. Market Volatility

Financial markets can be highly volatile. The prices of currencies, commodities, indices, stocks, or other instruments can fluctuate rapidly and unpredictably in response to economic news, global events, or market sentiment. Sudden shifts (sometimes called price gaps) can occur outside of normal trading hours or when markets open, which may prevent you from executing trades at your desired price. High volatility can be favorable if you make correct trading decisions, but it also means losses can accumulate quickly if the market moves against your positions. There is no guarantee that markets will move in the direction you anticipate. Past performance or trends do not assure future results.

C. Technical Risks

Using an online trading platform (such as MetaTrader 5 or any other platform provided by AltusFX) comes with technical risks that are outside of AltusFX’s control. You, as the client, are responsible for the technical setup on your end. Possible technical risks include:

Hardware or Software Failures: Your ability to trade could be hindered by failures in your computer hardware, mobile device, or software malfunctions (e.g. operating system or platform crashes).

Internet Connectivity Issues: Poor internet connection, connectivity lag, or disruptions in your service provider’s network can result in delays or failures in executing your orders and receiving real-time data. This might cause you to miss market opportunities or not see prices accurately in real time.

User Errors: Mistakes in the settings of your trading platform or misunderstanding how to use the platform’s features can lead to unintended trades or inability to execute orders. For instance, placing incorrect order types, volumes, or misunderstanding margin requirements are user responsibilities.

Outdated Information: Not updating your trading software or devices can pose security risks and may result in the platform not functioning as intended. Always use the latest recommended version of the trading platform and ensure your antivirus and firewall software do not block the trading application.

AltusFX is not liable for losses resulting from technical problems on the client side. We do not guarantee uninterrupted access to our trading platforms, and we will not compensate for losses that result from your equipment or internet failures, system errors, or other technical issues outside our direct control. It’s important to have contingency plans (such as alternative internet access or ways to contact our trading desk) if you encounter technical problems during trading.

D. Market Conditions and Order Execution

Under certain market conditions, your orders may not be executed at the exact prices you expect:

Slippage: During volatile or illiquid market conditions, the price at which your order is executed may differ from the price you requested. Gaps in pricing can occur, especially around major news events or market openings. AltusFX strives to execute orders at the best available prices, but slippage can work for or against you.

Order Processing Delays: In fast-moving markets, it may take longer to process a high volume of client orders. If market conditions become abnormal or extremely busy, there might be a delay in executing your trade or closing your positions. This means the execution price could be less favorable than intended once the order goes through.

Liquidity Risk: Some instruments or market sessions might have lower liquidity, meaning not enough buyers or sellers at a given price. You may not be able to execute trades at the desired price, or it might take time to fill an order, especially for large position sizes. In extreme cases, an order to close a position might only be partially filled or not filled immediately.

Remember that AltusFX does not guarantee that an order will execute at the exact price or volume you specify, especially under extraordinary market conditions. We will not be held responsible for losses arising from delays or conditions that are a result of market volatility or disruptions.

E. Legal and Regulatory Risk

Trading with AltusFX is subject to the laws and regulations of the jurisdiction in which our company operates, as well as the laws of your own country or region. It is your responsibility to ensure that using AltusFX’s services is legal in your country of residence. Changes in laws or regulations (for example, government-imposed capital controls, new tax rules, or restrictions on forex trading) can negatively impact your ability to trade or withdraw funds, and may even result in the suspension of trading activities for certain clients. AltusFX is not liable for any financial losses or legal consequences you may face due to regulations or laws that prohibit or restrict your participation in online trading. We urge you to stay informed about and comply with any local laws that apply to your trading activities.

F. Platform Operation Risks

When trading on our electronic platform, you must follow certain operational guidelines to ensure your orders are handled properly:

Sequential Order Execution: Each of your trade instructions (orders) is processed in sequence on our servers. If you send a new order before a previous one has been fully processed, the second order will automatically be rejected by the system. You should always wait for confirmation that your first order is executed or canceled before placing a subsequent order. If you accidentally submit duplicate or overlapping orders, you are responsible for the outcome (for example, you might open an unintended position).

Canceling Orders: Once you submit an order and it has been accepted by the trading system, you cannot cancel it from your end. Closing your trading application or the order window does not cancel an active order. (For pending orders, you can send a cancellation request, but if the order was already executed, it’s too late to cancel.) Always double-check orders before placing them.

Authority of Platform Data: The prices and data displayed on the AltusFX trading platform are authoritative only if they come directly from our server. If your platform disconnects from the server or loses connection temporarily, the data on your screen may be outdated. In such cases, once reconnected, your platform will update with the latest market information. Only the quotes received from AltusFX’s servers are considered valid for trading purposes. We recommend that you ensure a stable connection and, if you suspect your platform is not updating, refresh the connection or contact support.

AltusFX works to provide a stable trading environment, but we cannot guarantee the platform will be free of bugs or interruptions. Always be cautious and understand how to operate the trading software. If you are uncertain, seek guidance from our support resources or team before trading real funds.

G. Communication Risks

Unencrypted Communications: When we send you account statements, trade confirmations, or any sensitive information via email or other electronic communication, there is a risk that these messages could be intercepted by unauthorized third parties if the communication is unencrypted. AltusFX primarily uses secure channels (like encrypted website connections and secure portals) for transmitting sensitive data. However, standard email may not always be secure. You accept the risk that information sent to you by AltusFX via email could be accessed by others if your email account or internet connection is compromised.

Message Delays or Failures: AltusFX is not responsible for any delay, failure, or distortion of communication (such as email, SMS, platform notifications, or phone calls) due to technical failures or events beyond our control. This includes, for example, emails that end up in your spam folder, internet outages preventing you from receiving messages, or misrouted phone calls. Any trading or financial loss resulting from a communication that was not received in a timely manner is your responsibility. Always keep alternative channels in mind (for instance, logging into your Personal Area to check account updates) if you suspect you are missing communications.

Client’s Responsibility for Security: You are responsible for keeping your Personal Area login credentials, trading account passwords, and any other security information confidential. AltusFX will never ask you for your password via email or phone. If you share your account credentials or fail to secure your personal devices, you risk unauthorized access to your account. AltusFX cannot be held liable for any loss or harm resulting from your disclosure of login details or other sensitive information to third parties. Always enable security features (such as two-factor authentication if available) and promptly inform us if you suspect your account has been compromised.

H. Force Majeure Events

AltusFX is not responsible for any losses or damage arising from "force majeure" events. Force majeure events are extraordinary circumstances beyond the reasonable control of AltusFX, which prevent us from fulfilling our obligations. These events are by nature rare and unforeseeable, and include (but are not limited to):

Natural Disasters: Acts of nature such as earthquakes, hurricanes, floods, tornadoes, or other extreme weather and environmental conditions.

Accidents and Catastrophes: Fires, explosions, widespread power outages, or other accidents that disrupt normal business operations or communications.

Infrastructure Failures: Major disruptions or failures in electrical power, internet or communication networks, or other critical systems (for example, a nationwide internet blackout) that are necessary for maintaining trading infrastructure and operational continuity.

Political and Civil Disruptions: Acts of war (declared or undeclared), terrorist attacks, uprisings, civil unrest, riots, and military operations that may disrupt financial markets or affect AltusFX’s operations.

Government or Regulatory Actions: Unexpected regulatory interventions, changes in legislation, imposition of sanctions, asset freezes, or trading bans initiated by state authorities or international regulators.

Pandemics and Public Health Emergencies: Outbreaks of contagious diseases, public health emergencies, or quarantines that impact the global economy, workforce availability, or the ability to conduct normal business operations.

During such events, AltusFX reserves the right to suspend, limit, or alter services — including but not limited to order execution, withdrawals, margin requirements, and platform availability — without prior notice. These measures may be necessary to preserve the financial and operational stability of the company and to protect both clients and counterparties.

AltusFX will make reasonable efforts to notify clients of such disruptions when possible, but cannot be held liable for any delays, losses, or inability to access services during or as a result of a force majeure event.