The trading of Cryptocurrencies and Cryptocurrency Leveraged Products, and the use of other Services provided by Us, involves significant risks and potential for financial losses, including without limitation the following:
The features, functions, characteristics, operation, use and other properties of Cryptocurrencies ("Currency Properties") and the software, networks, protocols, systems, and other technology (including, if applicable, any blockchain) ("Underlying Technology") used to administer, create, issue, transfer, cancel, use or transact using the Cryptocurrencies may be complex, technical or difficult to understand or evaluate.
Cryptocurrencies, their Underlying Technology, the Site and other Services may be vulnerable to attacks on the security, integrity or operation of the Cryptocurrencies or their Underlying Technology ("Threats"), including Threats using computing power sufficient to overwhelm the normal operation of a blockchain or other Underlying Technology.
Cryptocurrencies, their Properties or Underlying Technology may change or otherwise cease to operate as expected due to changes made to the Underlying Technology, changes made using features or functions built into the Underlying Technology or change resulting from a Threat.
Any Cryptocurrency may be cancelled, lost, double spent, or otherwise lose all or most of their value, due to various Threats, changes to the Currency Properties or failure of the Cryptocurrency to operate as intended.
We may suspend or cease to support the transfer, storage or trading of any Cryptocurrency or Cryptocurrency Leveraged Products at any time at Our discretion.
We may suspend or reject Your transaction requests, suspend or cease support for certain Cryptocurrencies, or suspend or terminate Your access to the Services to comply with applicable laws or regulations or an order from law enforcement or other governmental authority, for other reasons as specified in these Terms or otherwise at Our discretion.
You may be unable to withdraw Cryptocurrencies prior to Margex Trading Solutions Ltd ceasing to support transfer of any such Cryptocurrencies, resulting in the loss of any such Cryptocurrencies remaining in Your User Account.
Any Cryptocurrency may decrease in value or lose all of its value due to various factors including discovery of wrongful conduct, market manipulation, changes to Currency Properties or perceived value of Currency Properties, Threats, suspension or cessation of support for a Cryptocurrency by Us or other exchanges or service providers, and other factors outside Our control.
You may be prevented from sending a transaction request, or Your transaction request or email may not be received by Us or the Services, due to hardware, software or services issues (including, without limitation, Internet and other network connectivity issues).
Your transaction request or email to Us or the Services may be lost, intercepted or altered during transmission.
Unauthorized third parties may access or use Your User Account and effect transactions without Your knowledge or authorization, whether by obtaining the password to Your User Account, obtaining control over another device or account used by You in connection with any enhanced security measures enabled for Your account, or by other methods.
The risks described in Article 4 of these Terms may result in loss of Cryptocurrency, decrease in or loss of all value of the Cryptocurrencies, inability to access or transfer Cryptocurrencies, inability to trade Cryptocurrencies, inability to receive financial benefits which are available to other Cryptocurrency holders, and other financial losses to You. You hereby assume and agree that We will have no responsibility or liability for such risks. You hereby irrevocably waive, release and discharge any and all claims, whether known or unknown to You, against Us, Our Affiliates and respective shareholders, members, directors, officers, employees, agents and representatives related to any of the risks set forth herein.
You represent and warrant that You have: (a) the necessary technical expertise and ability to review and evaluate the security, integrity and operation of any Cryptocurrency or Cryptocurrency Leveraged Product that You decide to acquire or trade; and (b) the knowledge, experience, understanding, professional advice and information to make Your own evaluation of the merits and risks of any Cryptocurrency or trade as supported by the Services. You accept the risk of trading Cryptocurrencies or Cryptocurrency Leveraged Products by using the Services and are responsible for conducting Your own independent analysis of the risks specific to the Cryptocurrencies, Cryptocurrency Leveraged Products and the Services. You should not place any "Orders" to acquire or trade any Cryptocurrency Leveraged Products unless You have deposited sufficient Accepted Currency and can afford to lose all value of the Accepted Currency. In other words, You must ensure that You have sufficient balance available in Your Hosted Wallet (as defined below) to reserve a Cryptocurrency Leveraged Product margin ("Margin").
You represent and warrant that You have the technical ability and expertise to understand and evaluate the consequence or effects of any trading contracts (including Cryptocurrency Leveraged Products) You make, including such of these contracts or trades as may remain outstanding from time to time, after squaring-up or netting-off any of such trades, to the extent feasible ("Position"). Our decision to support transfer, storage or trade any particular Cryptocurrency or Cryptocurrency Leveraged Product through the Services does not indicate Our approval or disapproval of the Cryptocurrency or the integrity, security or operation of the Cryptocurrency or its Underlying Technology. The risks associated with Cryptocurrencies or Cryptocurrency Leveraged Products and trading them applies notwithstanding Our decision to support a particular Cryptocurrency or any Cryptocurrency Leveraged Product as supported by Our Services. We (a) do not provide trading advice, (b) do not have any fiduciary duty to You or any other user, and (c) do not make any warranty about the suitability of Cryptocurrency for trading or ownership by You.
There may be additional risks that we have not foreseen or identified in our terms of service.