Risk Disclaimer

This Risk Disclaimer applies to all users of the [NAME] platform, including visitors to our website, free course subscribers, and paying programme members. It should be read in conjunction with our Terms of Service, Privacy Policy, and Earnings Disclosure.

This disclaimer is intended for adults considering or currently engaged in forex trading as a personal educational pursuit. If you are a minor, a person without experience in financial markets, or a person who cannot afford to sustain financial losses, you should carefully consider whether forex trading education is appropriate for you at this time.

By accessing our content in any form — including free courses, newsletters, live sessions, and community spaces — you acknowledge that you have read and understood the risks described in this document.

[NAME] Ltd is registered in England and Wales (Company No. 12345678) as an ordinary limited company. We are:

• Not authorised or regulated by the Financial Conduct Authority (FCA);
• Not authorised or regulated by the European Securities and Markets Authority (ESMA) or any EU National Competent Authority;
• Not registered as an investment adviser, commodity trading adviser, or broker-dealer with any regulatory body;
• Not a participant in the Financial Services Compensation Scheme (FSCS);
• Not subject to FCA Consumer Duty obligations as a regulated firm — though we voluntarily align our practices with its spirit of transparency.

This means that if you suffer financial loss as a result of trading activity undertaken after engaging with our educational content:

• You cannot claim compensation from the FSCS;
• You cannot complain to the Financial Ombudsman Service (FOS) about [NAME];
• [NAME] has no regulatory obligation to assess your suitability as a trader.

What we are: an educational company providing structured forex trading courses, mentorship, and community access. Our activities are lawful under UK law as general education and do not constitute regulated financial services under the Financial Services and Markets Act 2000 (FSMA 2000).

What we are not:a broker, a signal service, a fund manager, a copy-trading platform, or a “finfluencer” promoting specific trades or unregulated investment schemes. We do not manage client funds, execute trades on your behalf, or earn commissions based on your trading activity.

The foreign exchange (forex) market is the largest financial market in the world by daily trading volume. Despite its size and liquidity, it carries substantial risks that affect the vast majority of retail participants. These risks include:

• Market risk: currency exchange rates are affected by economic data, political events, central bank decisions, geopolitical developments, and market sentiment — many of which are unpredictable and move prices suddenly and violently.
• Leverage risk: most retail forex trading involves leverage, which amplifies both gains and losses. A small adverse move can result in a loss greater than your initial deposit if inadequate risk controls are used.
• Liquidity risk: during periods of high volatility, low market volume, or economic announcements, spreads may widen, orders may not be filled at expected prices (slippage), and stop-loss orders may not execute at the intended level.
• Counterparty risk: if your broker or prop firm becomes insolvent, you may lose all capital held with them. This is separate from market losses and has occurred with several firms.
• Operational risk: internet outages, platform failures, power cuts, or technology errors can prevent you from entering or exiting trades at intended times.
• Psychological risk: emotional responses to profit and loss — including fear, greed, overconfidence, and revenge trading — are among the most common causes of loss for retail traders. Education reduces but does not eliminate this risk.

Retail forex trading typically involves leverage ratios that amplify position sizes beyond the initial margin deposited. Under FCA rules, the maximum leverage for retail clients trading major forex pairs with UK-regulated brokers is 30:1. At 30:1 leverage, a 3.3% adverse price movement results in a complete loss of the margin deposited for that position.

[NAME] does not recommend any specific leverage level.Our risk framework education (the “1% rule”) addresses position sizing and drawdown management. However, the framework you learn is educational in nature and its results in live markets will depend on:

• Your broker's execution quality and spread costs;
• Your ability to execute the framework consistently under live-market conditions;
• Market conditions at the time of your trades;
• Your emotional state and discipline at the moment of execution.

No risk management framework eliminates the possibility of loss. Drawdowns — including extended periods of consecutive losing trades — are a normal part of professional trading and will occur regardless of the quality of your education.

The following statistics are published by major financial regulators and represent the documented outcomes for retail forex and CFD traders:

• ESMA (European Securities and Markets Authority): between 74% and 89% of retail investor accounts lose money when trading CFDs, including rolling spot forex contracts. Average losses per client ranged from €1,600 to €29,000 across the reporting period.
• FCA (UK Financial Conduct Authority):approximately 80% of UK-based retail CFD traders are unprofitable. The FCA's product intervention measures (leverage caps, margin close-out rules, negative balance protection) are estimated to prevent £100 million or more in annual retail losses.
• ASIC (Australian Securities and Investments Commission):before Australia's 2021 leverage reforms, retail CFD traders collectively lost over AUD $770 million in a single five-week period in early 2020.

We share these figures because we believe transparency serves traders better than selective optimism. Our educational programme is designed to help you understand why most traders fail and what structured, disciplined trading looks like. However, we cannot and do not guarantee that education will make you consistently profitable. These statistics represent the broader market, and individual outcomes vary widely based on skill, discipline, capital, and market conditions.

Proprietary trading firm (“prop firm”) challenges and funded accounts are products offered by independent third-party companies. [NAME] provides education to help traders prepare for these challenges. We are not affiliated with, endorsed by, or responsible for any prop firm.

Specific risks of prop firm trading

• Challenge failure: failing to meet profit targets or breaching drawdown limits results in the loss of the challenge fee paid to the prop firm. This is a real financial loss. Our 73% member pass rate means approximately 27% of members do not pass on their first attempt.
• Rule changes: prop firms may change their trading rules, payout conditions, or withdrawal terms after you have enrolled. [NAME] has no control over or advance notice of such changes.
• Operational closure: a number of prop firms closed operations in 2024 without honouring outstanding payouts or refunding challenge fees. Several of the firms that [NAME]previously referenced have since suspended operations. We review our recommended firm list regularly but cannot guarantee any firm's continued operation.
• Funded account withdrawal risk: receiving a funded account offer does not guarantee that profits will be paid. Disputes over rule compliance, platform issues, or firm insolvency can result in non-payment.
• Tax treatment: income from prop firm payouts may be subject to income tax in your jurisdiction. This is your personal tax liability. See Section 14.

Before paying for any prop firm challenge, read that firm's full terms and conditions, verify their payout history on independent review platforms, and only commit capital you can afford to lose.

You should only trade with capital you can afford to lose in its entirety.

Do not fund a live trading account with:

• borrowed money, including personal loans, credit card debt, or funds borrowed from family;
• emergency savings or funds required for essential living expenses;
• capital earmarked for investment in regulated financial products;
• any amount whose loss would materially harm your financial security or wellbeing.

The correct approach, which [NAME]'s curriculum teaches, is to trade with capital allocated specifically to a trading “risk budget” — separate from all other financial planning. Even so, there is no guarantee that disciplined position sizing will prevent all losses.

If you are struggling financially, experiencing financial hardship, or are in debt, we strongly advise you not to begin live trading until your financial position is stable. Education is valuable at any time; live trading is not.

Past performance is not indicative of future results. This applies to:

• The mentor's personal trading record: trading results shown by[NAME]'s mentors — including funded account payouts, challenge passes, and monthly P&L — were achieved in specific market conditions and do not guarantee that the same results are repeatable in the future.
• Member results: trading results submitted by [NAME] members were achieved in specific market conditions, using their individual execution, psychology, and capital allocation. These results are not typical and do not imply that other members will achieve the same outcomes.
• Strategy backtest results: any strategy demonstrated in our educational content, including backtested historical performance, does not guarantee future profitability. Markets change structure, liquidity, and volatility over time. A strategy that performed well in 2022 may not perform the same way in 2026.
• Win rates and risk-reward ratios: illustrative risk-reward ratios (e.g. 1:3) shown in our educational content are examples of what is possible with disciplined execution. They are not guarantees of achievable results.

Psychological and emotional factors are among the most significant — and most underestimated — risks in retail forex trading. Research consistently identifies the following behaviours as primary drivers of trader losses:

• Revenge trading:increasing position size or re-entering a trade immediately after a loss in an attempt to “win back” the loss. This behaviour, driven by cortisol-mediated stress responses, typically compounds losses.
• FOMO (fear of missing out): entering trades impulsively based on perceived market movement rather than a defined setup, often at unfavourable prices.
• Overconfidence: increasing position sizes or abandoning risk rules after a period of profitable trading, exposing accounts to asymmetric downside.
• Loss aversion:holding losing trades beyond the defined stop loss level in the belief that the market will “come back” — often resulting in significantly larger losses than planned.
• Analysis paralysis: inability to execute trades despite a valid setup, due to excessive uncertainty or fear of being wrong.

[NAME]'s curriculum addresses all of these patterns. However, education reduces but cannot eliminate these psychological risks. The gap between understanding a rule and consistently applying it under live market conditions — especially during losing streaks — is real and is experienced by all traders.

[NAME]’s educational content covers:

• Forex market structure, price action analysis, and trading session behaviour;
• Risk management frameworks (position sizing, drawdown limits, account rules);
• Prop firm challenge rules, structure, and preparation strategies;
• Trading psychology and behavioural discipline;
• Live market analysis for educational demonstration purposes only.

Our education does not include:

• personalised investment advice, recommendations, or financial planning;
• trading signals or specific ”buy/sell” instructions intended to be acted upon in real time;
• management of client funds or assets of any kind;
• guaranteed trading systems, algorithmic trading services, or ”set and forget“ strategies;
• copy trading arrangements where clients mirror mentor trades for profit.

Any live market analysis demonstrated in our sessions is for educational illustration only and is explicitly not a trading signal or recommendation to act. You are solely responsible for all decisions you make based on your use of our educational content.

Forex trading education may not be suitable for everyone. Please consider carefully whether this field of study is appropriate for you given:

• your current financial situation and whether you have adequate disposable capital;
• your risk tolerance and emotional ability to cope with financial losses;
• your available time to study, practice on demo accounts, and execute a trading plan;
• your understanding of financial markets generally;
• any existing debts or financial commitments that affect your financial stability.

If you are uncertain whether trading is right for you, we strongly recommend speaking with an independent financial adviser before committing any capital to live trading. In the UK, you can find regulated advisers at unbiased.co.uk or vouchedfor.co.uk.

Forex trading involves the use of third-party brokers and prop firms that are separate from [NAME]. We are not responsible for:

• the execution quality, spreads, or platform reliability of any broker you choose;
• the regulatory compliance or solvency of any broker or prop firm;
• changes to broker terms, commissions, or account conditions;
• the failure, suspension, or closure of any prop firm;
• any losses resulting from broker or platform errors, outages, or insolvencies.

We recommend only using brokers that are authorised and regulated by a recognised financial regulator (FCA, ASIC, MAS, CySEC, etc.) with segregated client funds and negative balance protection. Verify any broker's authorisation at register.fca.org.uk before depositing funds.

Some links on our platform to prop firm websites may be affiliate or referral links. This is disclosed in our Earnings Disclosure. Affiliate relationships do not affect the independence of our educational content.

The risks and legal frameworks governing forex trading vary by country. [NAME] serves members globally, but laws in your jurisdiction may impose additional restrictions or requirements on:

• who may legally trade forex;
• which brokers you may legally use;
• the tax treatment of trading profits;
• the legality of accessing prop firm services.

Jurisdiction highlights

• United Kingdom: retail forex trading is legal and regulated by the FCA. UK residents should only use FCA-authorised brokers.
• Nigeria: forex trading is regulated by the Securities and Exchange Commission (SEC) Nigeria. The Central Bank of Nigeria (CBN) has imposed restrictions on foreign currency access. Traders should be aware of current CBN regulations.
• Ghana: forex trading is regulated by the Securities and Exchange Commission (SEC) Ghana. Traders should comply with the Foreign Exchange Act 2006 and SEC licensing requirements.
• United States: US persons are subject to CFTC and NFA regulations and may only trade with NFA-registered forex dealers. Leverage for US retail clients is capped at 50:1 for major pairs. Many prop firms do not accept US residents.
• Canada: regulated at the provincial level. Residents should consult their provincial securities regulator.
• European Union: retail forex trading is subject to ESMA leverage caps and mandatory risk warnings under MiFID II.

It is your responsibility to ensure that your trading activities comply with the laws and regulations of your country of residence. [NAME] takes no responsibility for any regulatory breach you commit in your jurisdiction.

Profits from forex trading may be subject to tax. The specific tax treatment depends on your country of residence, the nature of your trading activity (speculative vs. business income), and your total annual income.

• United Kingdom: forex trading profits may be subject to Capital Gains Tax (CGT) or Income Tax depending on whether your activity is classified as speculative or trading. Spread betting (via FCA-regulated providers) is currently exempt from CGT in the UK. Consult HMRC or a UK tax adviser.
• Prop firm payouts: income received from prop firm funded accounts is generally treated as employment income or self-employment income and may be subject to income tax and National Insurance contributions in the UK.
• International members: tax treatment varies significantly. Consult a qualified tax adviser in your country of residence.

[NAME] does not provide tax advice. Nothing in our educational content should be construed as tax guidance. We strongly recommend consulting a qualified tax professional before beginning live trading.

If you have questions about this Risk Disclaimer or require clarification on any point before purchasing our programme, please contact us before enrolling:

For independent guidance on financial risk, visit the FCA’s consumer education resource at fca.org.uk/investsmart or the Money and Pensions Service at moneyhelper.org.uk.