Table of contents

• Introduction
• Importance of Understanding Risks
• Scope of Trading
• Product Description
• Trading Is Considered to Be Risky and Speculative
• Gearing And Leverage
• Off-Exchange Transactions
• Underlying Market Volatility
• Stop Loss Limits
• Liquidity Risk
• Execution Risk
• Cost And Charges
• Client’s Acknowledgement

Introduction

TRUE TRADE PRO LTD. (hereafter referred to as the “Company”) is a trading brokerage incorporated and registered under the laws of the Labuan Financial Services Authority. This notice provides critical information regarding the risks associated with trading financial instruments, specifically Contracts for Differences (CFDs), Foreign Exchange (Forex), and cryptocurrencies.

Importance of Understanding Risks

Clients are urged to consider whether these risks align with their investment goals, risk tolerance, and overall financial situation. Engaging in trading activities without fully understanding the potential risks can lead to significant financial losses. Therefore, it is advisable for clients to seek independent financial advice if they are unsure about their trading decisions or the suitability of these products for their circumstances.

Scope of Trading

Clients can trade CFDs and other financial instruments through the Company. Before participating in any trading activities, it is imperative that clients fully understand and accept the inherent risks involved. This Risk Disclosure Statement aims to provide essential information regarding these risks to promote informed decision-making.

Product Description

A CFD (Contract for Difference) is a financial agreement between a 'buyer' and a 'seller' to exchange the difference between the current price of an underlying asset (such as currencies, commodities, indices, shares, etc.) and its price at the time the contract is closed. CFDs are leveraged products, allowing clients to gain exposure to the markets while only requiring a small margin ('deposit') of the total trade value. This leverage enables clients to benefit from price movements by taking 'long positions' (betting that prices will rise) or 'short positions' (betting that prices will fall) on underlying assets. Upon closing a contract, clients will either receive or pay the difference between the closing value of the CFD and its opening value. If the closing price exceeds the opening price, clients profit; conversely, if the closing price is lower than the opening price, clients incur a loss. Unlike traditional investments like shares, CFDs do not entail the actual ownership of the underlying asset. Instead, they are purely financial instruments that reflect price movements of the underlying assets. While CFDs and other financial derivatives can be employed for managing investment risk, they may not be suitable or appropriate for many clients, given their high degree of risk. Clients should carefully evaluate their risk appetite and investment experience before engaging in trading these products.

Trading Is Considered to Be Risky and Speculative

You, the Client, are entirely responsible for any losses incurred in your trading account. It is crucial to acknowledge that trading in financial markets carries a significant risk of loss. Therefore, you should be prepared to potentially lose your entire invested capital. Under no circumstances should you invest money that you cannot afford to lose. The speculative nature of trading means that while potential profits can be substantial, the risks of loss are equally significant. This volatility requires careful consideration and a well-thought-out trading strategy.

Gearing And Leverage

Before opening a CFD trade or any other financial derivative product, you are required to maintain a margin. Margin is a relatively modest proportion of the overall contract value. This leverage enables you to control a more significant position than your initial investment would typically allow. The terms “gearing” and “leverage” are often used interchangeably in trading CFDs and other financial derivatives. Leverage can amplify both gains and losses, meaning that a small market movement can lead to a proportionately much larger movement in the value of your position. Consequently, while leverage can enhance profits, it also increases the risk of substantial losses. At all times during which you have open trades, it is essential to maintain sufficient equity to cover all running profits and losses. This includes meeting the margin requirements set by the Company. If the market prices move against your position and your account balance becomes insufficient to meet these requirements, the Company may close your positions without further notice, regardless of your agreement or preferences.

Off-Exchange Transactions

When you trade CFDs with the Company, you enter into an off-exchange (OTC) derivative transaction. Unlike exchange-traded derivatives, OTC transactions do not have a centralized market where positions can be easily closed. This lack of an exchange market can expose you to greater risks, including limited liquidity, making it difficult to close positions at your desired price or within a specific timeframe. There is also counterparty risk, which is the risk that the Company may default on its obligations and become unable to fulfill its financial commitments. While the Company strives to maintain financial stability, such risks cannot be eliminated entirely. The Company is committed to safeguarding client funds. All client money is held in segregated accounts, separate from the Company’s own funds and other clients' funds, in compliance with relevant regulations.

Underlying Market Volatility

CFDs and other financial derivative products enable clients to trade based on price movements in underlying markets or instruments. The prices offered by the Company are derived from these underlying assets. It is critical for clients to recognize that fluctuations in the underlying instrument can significantly impact the value of the CFD and, consequently, their profitability. Market volatility can result in rapid price changes that may affect open positions. Clients should also be aware of the concept of “gapping,” where a security's price jumps from one level to another without trading at prices in between. This can occur during significant market events, and gapping can lead to unexpected profits or losses, especially during periods of high volatility or market closure.

Stop Loss Limits

While stop-loss orders are designed to limit potential losses by automatically closing a position at a predetermined price, there are circumstances where they may prove ineffective. In instances of rapid price movements or market closures, the execution price of your stop-loss order may differ significantly from your intended level. For example, if the market price drops sharply overnight, your stop-loss may not execute at the desired price, leading to larger losses than expected. It is essential to understand that stop limits do not guarantee trade execution at your specified price, particularly in volatile markets. Consequently, clients should be prepared for the possibility that stop-loss orders may not provide the intended protection against losses.

Liquidity Risk

Liquidity risk refers to the potential difficulty in executing trades in financial instruments due to insufficient buyers or sellers in the market. Some financial instruments may not be readily tradable, particularly during periods of reduced-price availability or high demand. In such instances, you may find it challenging to sell your holdings or to obtain accurate and timely information on the current value of these instruments. The liquidity of an asset can fluctuate based on various factors, including market sentiment, economic news, and broader market conditions. Investors should be mindful of liquidity constraints, especially when trading less popular or highly volatile assets, as these can increase the likelihood of incurring significant losses.

Execution Risk

Execution risk arises from potential delays or failures in executing your trade orders promptly. There may be a time lag between when you place your order and when it is executed. During this interval, market conditions can change, leading to scenarios where the market moves against your position, resulting in your order not being executed at the expected price.

Cost And Charges

All relevant costs and charges related to trading will be communicated to you by the Company and will also be outlined on the Company’s website. Clients should familiarize themselves with various charges, including transaction fees, spreads, overnight financing costs, and any management fees that may apply to their accounts.

Client’s Acknowledgement

By participating in trading activities with the Company, you acknowledge and declare that you have read, understood, and accept, without reservation, all information included herein, including the risks of fluctuations, past performance limitations, liquidity constraints, and currency risks.

Table of contents

• Introduction
• Intellectual Property Rights
• Use of the Website
• User Responsibilities
• Risk Disclosure and Limitation of Liability
• Privacy Policy and Data Protection
• Modifications to the Terms
• Dispute Resolution and Governing Law
• Termination of Access
• Third-Party Links and Content
• Indemnification
• Entire Agreement
• Severability
• No Waiver

Introduction

These Website Terms of Use (the “Terms”) govern the use of the website, www.ttprofx.com (the “Site”), operated by True Trade Pro Ltd. (“we,” “our,” or “us”). By accessing or using this Site, you agree to comply with these Terms. If you do not agree with these Terms, you must immediately cease use of the Site.

Intellectual Property Rights

All content, features, and functionality of the Site, including but not limited to text, graphics, logos, images, audio clips, video clips, data compilations, software, and code, are owned by True Trade Pro Ltd. or its licensors and are protected by intellectual property laws, including copyright, trademark, and patent laws. You are granted a limited, non-exclusive, non-transferable license to access and use the Site solely for personal, non-commercial purposes. Any unauthorized use of the Site, including copying, modifying, distributing, or creating derivative works of any portion of the Site, is prohibited.

Use of the Website

You may use the Site only for lawful purposes and in accordance with these Terms. You agree not to: Use the Site for any fraudulent or illegal activities. Interfere with or disrupt the functioning of the Site or the servers or networks connected to the Site. Engage in any conduct that could damage, disable, overburden, or impair the Site or interfere with any other party’s use of the Site. Attempt to gain unauthorized access to the Site, accounts, or computer systems or networks connected to the Site.

User Responsibilities

By using the Site, you agree to the following responsibilities: You are responsible for ensuring that your use of the Site complies with all applicable laws and regulations in your jurisdiction. You must be at least 18 years old to use the Site. If you are under the age of 18, you are prohibited from accessing or using the Site. You agree to provide accurate, current, and complete information when prompted on the Site and update such information as necessary. You are responsible for maintaining the confidentiality of your account credentials (if applicable) and for all activities that occur under your account.

Risk Disclosure and Limitation of Liability

The Site provides information and services related to trading in forex, CFDs, and cryptocurrencies, all of which involve substantial risks. By using the Site, you acknowledge and accept the following: The value of financial instruments can fluctuate, and you may lose some or all of your investment. We do not provide financial advice, and any content on the Site should not be construed as such. True Trade Pro Ltd. does not guarantee the accuracy, completeness, or reliability of any information provided on the Site, and is not responsible for any trading decisions or actions taken based on the information provided. In no event shall True Trade Pro Ltd. be liable for any direct, indirect, incidental, special, or consequential damages, including loss of profit, loss of data, or business interruption, arising from the use or inability to use the Site, even if we have been advised of the possibility of such damages.

Privacy Policy and Data Protection

Your privacy is of utmost importance to us. Our Privacy Policy, which is incorporated into these Terms by reference, explains how we collect, use, and safeguard your personal information when you use the Site. By using the Site, you consent to the collection, use, and sharing of your information as described in the Privacy Policy. We are committed to protecting your data in accordance with applicable data protection laws.

Modifications to the Terms

We reserve the right to modify or update these Terms at any time, in our sole discretion. Any changes will be posted on this page, with the revised date indicated at the top. It is your responsibility to review these Terms periodically for any updates or changes. Your continued use of the Site after any such changes constitutes your acceptance of the revised Terms.

Dispute Resolution and Governing Law

Any dispute or claim arising out of or relating to these Terms, the Site, or any service provided by True Trade Pro Ltd. shall be resolved through binding arbitration, rather than in court, except that you may assert claims in small claims court if they qualify. The arbitration will be conducted in Malaysia, and the arbitrator’s decision shall be final and binding. These Terms shall be governed by and construed in accordance with the laws of Malaysia. Any legal action or proceeding arising under these Terms will be subject to the exclusive jurisdiction of the courts located in Kuala Lumpur Malaysia, and you consent to the personal jurisdiction and venue of such courts.

Termination of Access

True Trade Pro Ltd. reserves the right to suspend, restrict, or terminate your access to the Site at any time and for any reason, including if we believe you have violated these Terms. Upon termination, all provisions of these Terms that by their nature should survive termination shall remain in effect.

Third-Party Links and Content

The Site may contain links to third-party websites, services, or content that are not owned or controlled by True Trade Pro Ltd. We do not control and are not responsible for the content, privacy policies, or practices of any third-party websites. By accessing third-party links, you do so at your own risk.

Indemnification

You agree to indemnify, defend, and hold harmless True Trade Pro Ltd. and its affiliates, officers, employees, agents, and licensors from and against any claims, actions, demands, liabilities, losses, expenses, or damages, including reasonable legal fees, arising out of or in connection with your use of the Site, violation of these Terms, or infringement of any intellectual property or other rights of any person or entity.

Entire Agreement

These Terms, along with any other legal notices or agreements published on the Site, constitute the entire agreement between you and True Trade Pro Ltd. regarding the use of the Site and supersede all prior or contemporaneous communications and proposals, whether electronic, oral, or written, between you and True Trade Pro Ltd. with respect to the Site.

Severability

If any provision of these Terms is found to be unlawful, void, or unenforceable, the remaining provisions will continue in full force and effect. The unenforceable provision will be deemed modified to the extent necessary to make it enforceable.

No Waiver

No waiver of any provision of these Terms shall be deemed a further or continuing waiver of such provision or any other provision, and True Trade Pro Ltd.'s failure to assert any right or provision under these Terms shall not constitute a waiver of such right or provision.