Risk Disclosure

RISK DISCLOSURE STATEMENT

1. Scope of the Risk Disclosure Statement: Milton Global Ltd (hereinafter the “Company” or
“MiltonPrime” or “us”) provides you with this Risk Disclosure Statement in order for you
to comprehend the risks that might arise when trading Contracts for Difference (the “CFDs”).
This Risk Disclosure Statement might not include all the relevant risks; thus, the Client must
go through this Risk Disclosure Statement along with the other Company’s legal
documentation available through our website and the online account opening. Upon deciding
of trading, you must ensure that you comprehend all the relevant risks and take into
consideration your level of experience. If deemed necessary, you should seek independent
legal opinion.

2. Trading foreign exchange and CFDs, and in general in margined FX involves a high degree of
risk including the risk of loss of the Customer’s entire Risk Capital deposited with
MiltonPrime. Losses, in some cases, have the potential to extend beyond the
Customer’s Account Value. In consideration of MiltonPrime agreeing to enter into FX
Contracts with its Customer(s) for this Account, MiltonPrime requires all the
undersigned Customer(s) to analyze their financial objectives, financial status, investment
constraints and tax situation to determine whether FX trading is suitable. In addition, we
require our Customers to carefully read and acknowledge the MiltonPrime Risk
Disclosure Statement that outlines without limitation the risks associated with trading
margined FX through MiltonPrime.

Trading is very speculative and risky:

Trading CFDs and FX Contracts is highly speculative, involves a significant risk of loss and is not
suitable for all investors but only for those customers who:

a) understand and are willing to assume the economic, legal and other risks involved;
b) are experienced and knowledgeable about trading in derivatives and in underlying asset
types; and
c) are financially able to assume losses significantly in excess of margin or deposits because
investors may lose the total value of the contract not just the margin or the deposit.

Neither CFDs nor FX Contracts are appropriate investments for retirement funds. CFD and FX
transactions are among the riskiest types of investments and can result in large losses.
Customer represents, warrants and agrees that Customer understands these risks, is willing
and able, financially and otherwise, to assume the risks of trading CFDs and FX Contracts and
that the loss of Customer’s entire account balance will not change Customer’s lifestyle.

3. OTC Margined FX Trading involves a high amount of risk and is highly speculative.
Customer(s) agrees that they are in full understanding and willing to assume the legal,
economic, and other risks associated with the trading in margined FX, and are willing and able
to assume the loss of their entire Risk Capital, defined as those funds, that if lost, would not
change your lifestyle or your family’s lifestyle. As such, they further agree that margined FX
trading is not suitable for Retirement Funds. MiltonPrime encourages Customers to closely
manage outstanding open positions and to use prudent money management precautions
such as, but not limited to, Stop Loss Orders.

4. Excessive leverage available with Margined FX can lead to quick losses. Customer(s) agrees
that using a high degree of leverage, defined as the use of a small amount of capital to control
a larger amount of an Open Position, can result in large losses due to a price change(s) of open
Foreign Currency Contract(s) with MiltonPrime. MiltonPrime provides leverage on most
Currency Pairs for most customers of 100:1. With 100:1 leverage the Customer has the
potential to control 1,000,000 unit position with 10,000 units notional value in an Account.
MiltonPrime encourages its Customers to use only that portion of leverage that the Customer
is most comfortable with and to use money management precautions such as, but not limited
to, Stop Loss Orders for the purpose of limiting risk. MiltonPrime reserves, at its sole
discretion, the right to reduce or increase the amount of leverage given on any Currency Pair
at any time and without notice.

5. FX trading experience periods of liquidity risk. Customer acknowledges that Liquidity Risk,
resulting from decreased liquidity of a currency pair, is usually due to unanticipated changes
in economic and/or political conditions. Customer also acknowledges that Liquidity Risk can
affect the general market in that all participants experience the same lack of buyers and/or
sellers. The Customer also understands that liquidity risk can be MiltonPrime specific due to
changes in liquidity available to MiltonPrime from an MiltonPrime Custodian of funds
interbank liquidity providers or specific to retail FX market makers due to a perception that
the risks of the market segment has increased. When liquidity decreases, Customers can
expect, at the minimum, to have wider bid to ask spreads as the supply of available bid/ask
prices, outstrips the demand. Decreases in liquidity can also result in “Fast Market” conditions
where the price of a currency pair moves sharply higher or lower or in a volatile up/down
pattern without trading in an ordinary step‐like fashion. In some instances, there may exist
the possibility that a trading bid and/or ask price for a FX pair or pairs are not available (a
situation where there is no liquidity). Although there may be instances when the aggregate
OTC FX market enters a “Fast Market” situation or periods where liquidity is in short or no
supply, it is important to note that, MiltonPrime prices, bid/ask spreads and liquidity will
reflect the prevailing interbank market liquidity for MiltonPrime. MiltonPrime can Liquidate
Positions of the Customer that do not have adequate margin: Because of the leverage
available with OTC Margined FX Trading and the potential for extreme volatility, an
MiltonPrime Custodian of funds reserves the sole discretionary right to liquidate Customer’s
Account(s) should the Margin in the Account not be sufficient to cover the potential risk of
loss. MiltonPrime graphically shows the Customer’s Liquidation Level on the Customers
MiltonPrime Margin Monitor. Should the Customer’s Account value go below the free of
programming bugs that can cause trading, position keeping or any other required
functionality of the Trading Platform and other relevant software applications associated with
MiltonPrime including but limited to clearing, market making and escrow Account software,
from becoming inoperable or without errors.

6. There is a Communication Risk that the Customer assumes. Although MiltonPrime will have
qualified representatives available on the telephone during business hours, a representative
may become unavailable due to communication or other malfunction, or high call volume.
The Customer acknowledges and agrees that they will hold harmless MiltonPrime for any loss
or missed trading opportunity resulting from any communication problems the Customer may
encounter.

7. MiltonPrime does not take responsibility for Money Managers. Should a Customer grant a
Money Manager trading discretionary trading authority or control over a Customer’s Account,
the Customer acknowledges that MiltonPrime does not take any responsibility for any action
done by that Third Party on the Customer’s behalf. The Customer grants Money Manager
trading authority for the Customers Account at it sole, and full risk. MiltonPrime reserves the
right to correct any transactions executed on misquoting errors: In the case when a quoting
error occurs that results in a Customer transaction done at an off‐market price, MiltonPrime
reserves the sole discretionary right to make the necessary corrections and adjustments to
the Customer’s Account whether it be in the favor of the Customer or not in the Customer’s
favor. Any change will be reported to the Customer either verbally or via an electronic method
such as but not limited to email.

8. Recommendations: All Market Recommendations made by MiltonPrime or any
representative of MiltonPrime are for informational purposes only. Any decision by the
Customer to buy or sell a foreign currency pair is an independent decision by the Customer.

Market recommendations made by MiltonPrime or a representative of MiltonPrime do not
constitute an offer to sell or buy any Foreign Currency pair from MiltonPrime or from any
other source that may provide straight through processing prices to the Customer.

MiltonPrime and its employees are not investment advisor(s) and have no fiduciary duty to
Customer and therefore is not liable for any losses incurred by the Customer as a result of
information or any recommendations made by MiltonPrime or representative of MiltonPrime.
Customer is at Risk if MiltonPrime should go out of business.

There is no guarantee that MiltonPrime as a business will be profitable. Consequently, there
exists a credit risk that MiltonPrime may be subject to losses, which could, in turn, jeopardize
the capital that the Customers have in their Accounts. Customer acknowledges that in the
event of insolvency, the Customer can only look to MiltonPrime for performance and return
of all Collateral and Margin that the Customer may have at MiltonPrime.

9. No guarantees of profit: There are no guarantees of profit nor of avoiding losses when trading
CFDs and FX Contracts. Customer has received no such guarantees from the Company or from
any of its representatives. Customer is aware of the risks inherent in trading CFDs and FX
Contracts and is financially able to bear such risks and withstand any losses incurred.

10. MiltonPrime may decide to exit the FX Business. As a result, the Customer agrees and
acknowledges that MiltonPrime may liquidate all Customer positions, and return margined
funds to the Customer at the sole discretion of MiltonPrime, at any time and for any reason.
MiltonPrime Customers do not hold MiltonPrime liable for any loss as a result of liquidation
of the Customers position either on an actual basis or as a result of missed profit
opportunities.

11. Customers are responsible for any reporting errors, of omission, and/or errors in details of
transactions including but not limited to the price contracts were executed, the currency pair
traded, the market direction (i.e., ”buy” or “sell”) of order, the type of order and/or any errors
in fees, charges or credits to the Customer’s Account including Any reporting and confirmation
errors but not limited to charges for executing a transaction, wiring funds, rolling over
position, and sweeping foreign currency balances into the home currency, require that the
customer notify MiltonPrime immediately upon discovery for review.

12. Risks from trades done using chat communication devices. MiltonPrime may utilize an
electronic conversational application or other similar chat application for the communication
and execution of some market orders. Trades done using chat applications or the telephone
should only be done if the Customer cannot execute using the Trading Platform. Although
currently not planned, MiltonPrime reserves the right to charge a commission for trades done
over chat applications. Should MiltonPrime charge a commission for chat application trades,
it will be reported on the MiltonPrime Website and be reflected as a line item debit in your
MiltonPrime Account Reports. All trades and charges done via chat applications are final.
Neither MiltonPrime nor third party chat application provider is responsible or liable if the
electronic logs of the electronic conversations are erased or never recorded because of error,
omission or any reason. MiltonPrime is also not liable should User Name, Password and
Account information be obtained knowingly or unknowingly by a Third Party and as a result,
trades done in the name of the Customer without his or her knowledge or authorization.

13. MiltonPrime has limited liability. The Customer agrees and acknowledges that MiltonPrime
shall not be liable to the Customer for any claims, losses, damages, costs or expenses,
including attorneys’ fees caused directly or indirectly by any events, actions or omissions,
without limitation, claims, losses, damages, costs and expenses, including attorney’s fees,
resulting from civil unrest, war, insurrection, international intervention, governmental action)
including, without limits, exchange controls, forfeitures, devaluations and nationalizations),
natural disasters, acts of God, market conditions, communication problems or any delay,
disruption, failure of any transmission or communication system or computer hardware or
software application whether supplied and belonging to MiltonPrime or from a third party
vendor that the Customer and MiltonPrime relies on to conduct execution and reporting
services.

14. Effect of “Leverage” or “Gearing”. FX contracts carry a high degree of risk. The amount of
initial margin is small relative to the value of the FX contract so that transactions are
“leveraged” or “geared”. A relatively small market movement may have a proportionately
larger impact on the funds Customer has deposited or will have to deposit. This may work
against Customer as well as for Customer. Customer may sustain a total loss of initial margin
funds and any additional funds deposited with the firm to maintain Customer’s position.

15. Risk‐reducing orders or strategies. Placing contingent orders, such as “stop‐loss” or “limit”
orders, particularly in volatile market conditions, will not necessarily limit Customer’s losses
to the intended amounts, since market conditions may make it impossible to execute such
orders. Strategies using combinations of positions, such as “spread” and “straddle” positions
may be as risky as taking simple “long” or “short” positions.

16. Charges. Before Customer begins to trade, Customer should obtain a clear understanding of
all charges for which Customer may be liable. These charges will affect Customer’s net profit
(if any) or increase Customer’s loss.

17. Electronic trading. Trading on an electronic trading system may differ not only from trading
in an open‐outcry market but also from trading on other electronic trading systems. If
Customer undertakes transactions on an electronic trading system, Customer will be exposed
to risks associated with the system including any failure of hardware and software. The result
of any system failure may be that Customer’s order is either not executed according to
Customer’s instructions or not executed at all. Since MiltonPrime does not control signal
power, its reception or routing via Internet, configuration of Customer’s equipment or
reliability of its connection, MiltonPrime cannot be responsible for communication failures,
distortions or delays when trading on‐line (via Internet). In no event shall MiltonPrime be
liable for speculative or expectancy damages for potential future lost profits.

18. Limitation of liability. Customer accepts any trading system provided by MiltonPrime “as is,”
and without warranties, express or implied, including, but not limited to, the implied
warranties of merchantability or fitness for a particular use, purpose or application;
timeliness; freedom from interruption; or any implied warranties arising from trade usage,
course of trading or course of performance. Under no circumstances shall MiltonPrime be
liable for any punitive, indirect, incidental, special or consequential loss or damages, including
loss of business, profits or goodwill. MiltonPrime shall not be liable to Customer by reason of
delays or interruptions of service or transmissions, or failures of performance of
MiltonPrime’s or its affiliate systems, regardless of cause, including, but not limited to, those
caused by hardware or software malfunction; regulatory action; acts of god; war, terrorism,
or our intentional acts. Customer recognizes that there may be delays or interruptions in the
use of our system, including, for example, those caused intentionally by MiltonPrime for
purposes of servicing the system. MiltonPrime does not guarantee that alternative trading
arrangements will be available at a particular time and MiltonPrime will not be held liable for
delays in entering an order.

19. Margin. MiltonPrime’s margin policies require that Customer’s Account be properly margined
at all times. Failure to meet margin requirements may result in the liquidation of any open
positions with a resultant loss. MiltonPrime reserves the right to liquidate all positions without
notice if an Account falls below Customer’s minimum margin requirement, in accordance with
MiltonPrime’s margin call policy.

20. Quoting errors. Should quoting errors occur, which may include, but are not limited to, a
mistype of a quote by MiltonPrime, a quote which is not representative of fair market prices,
an erroneous price quote from a MiltonPrime employee, such as but not limited to a wrong
big figure quote or an erroneous quote due to failure of hardware, software or
communication lines or systems and/or inaccurate external data feeds provided by third‐party
vendors, MiltonPrime will not be liable for the resulting errors in Account balances. The
foregoing list is not meant to be exhaustive and in the event of a quoting error, MiltonPrime
reserves the right to make the necessary corrections or adjustments on the Account involved.
In the event of a system error where interest is not charged or credited as scheduled,
MiltonPrime reserves the right to apply the missed interest to the Account at any time.

Should a quoting error occur (including responses to Customer requests), the Company is not
liable for any resulting errors in account balances and reserves the right to make necessary
corrections or adjustments to the relevant Account. Any dispute arising from such quoting
errors will be resolved on the basis of the fair market value, as determined by the Company
in its sole discretion and acting in good faith, of the relevant market at the time such an error
occurred. In cases where the prevailing market represents prices different from the prices the
Company has posted on our screen, the Company will attempt, on a best efforts basis, to
execute Transactions on or close to the prevailing market prices. These prevailing market
prices will be the prices, which are ultimately reflected on the Customer statements. This may
or may not adversely affect the Customer’s realized and unrealized gains and losses.

21. Third‐Party Authority. In the event that Customer grants trading authority or control over
Customer’s Account to a third‐ party trading advisor, such as a Money Manager, whether on
a discretionary or non‐discretionary basis, MiltonPrime shall in no way be responsible for
reviewing Customer’s choice of such trading advisor, or for making any recommendations
with respect thereto. MiltonPrime makes no representations or warranties concerning any
trading advisor; MiltonPrime shall not be responsible for any loss to Customer occasioned by
the actions of the trading advisor; and MiltonPrime does not, by implication or otherwise,
endorse or approve of the operating methods of any trading advisor. If Customer gives a
Money Manager authority to exercise any rights over Customer’s Account, Customer does so
at Customer’s own risk. Customer should regularly review the activity in Customer’s Account
to ensure that Customer approves of the transactions placed on Customer’s behalf by
Customer’s Money Manager.

22. Disclosure Regarding Bankruptcy Protections. The transactions Customer is entering into
with MiltonPrime are not traded on an exchange. Therefore, Customer’s funds may not
receive the same protections as funds used to margin or guarantee exchange‐ traded futures
and options contracts, which receive a priority in bankruptcy. Since that same priority has not
been given to funds used for off‐exchange Forex trading, if MiltonPrime becomes insolvent
and Customer has a claim for amounts deposited or profits earned on transactions with
MiltonPrime, Customer’s claim may not receive a priority. Without a priority, Customer is a
general creditor and Customer’s claim will be paid, along with the claims of other general
creditors, from any monies still available after priority claims are paid. Even customer funds
that MiltonPrime keeps separate from its own operating funds may not be safe from the
claims of other general and priority creditors.

23. Volatile Market Conditions. Trading at times of extraordinarily volatile market conditions, e.g.
key news announcements may expose the Customer to additional risks, including the risk that
the Customer may not get the price him or her requests. MiltonPrime cannot and does not
guarantee its prices in times of extraordinary market volatility.’

In other words, Markets can be highly volatile. A Products value may fluctuate rapidly at times
of extraordinarily volatile market conditions. Such conditions are often unforeseeable and are
not controlled by you or MiltonPrime.

24. Simulated Conditions. Simulated conditions may differ from real conditions. Therefore,
Customers who trade on demo Accounts should not necessarily expect the same results from
live trading.

25. Referring Parties. IF YOU WERE REFERRED TO MiltonPrime BY AN INTRODUCING BROKER,
REFERRING PARTY OR THIRD‐PARTY ADVISOR (EACH, AN “IB”), PLEASE BE ADVISED THAT
MiltonPrime AND YOUR IB ARE WHOLLY SEPARATE AND INDEPENDENT FROM ONE ANOTHER
AND THERE EXISTS NO JOINT VENTURE OR PARTNERSHIP RELATIONSHIPBETWEEN THE
PARTIES. ADDITIONALLY, NEITHER IB NOR ANY OTHER EMPLOYEE OR AGENT OF IB IS AN
AGENT OR EMPLOYEE OF MiltonPrime.

a. MiltonPrime does not control, and cannot endorse or vouch for the accuracy or
completeness of any information or advice Customer may have received or may receive
in the future from Customer’s IB or from any other person not employed by MiltonPrime
regarding Forex trading or the risks involved in such trading.
b. MiltonPrime provides risk disclosure information to all new Customers when they open
Accounts. Customer should read that information carefully, and should not rely on any
information to the contrary from any other source.
c. Customer acknowledges that no promises have been made by MiltonPrime or any
individual associated with MiltonPrime regarding future profits or losses in Customer’s
Account. Customer understands that Forex trading is very risky, and that many people
lose money trading.
d. If an IB or any other third party provides Customer with information or advice regarding
Forex trading, MiltonPrime shall in no way be responsible for any loss to Customer
resulting from Customer’s use of such information or advice.
e. To the extent Customer has previously been led to believe or believes that utilizing any
third party trading system, course, program, research or recommendations provided by
IB or any other third party will result in trading profits, Customer hereby acknowledges,
agrees and understands that all Forex trading, including trading done pursuant to a
system, course, program, research or recommendations of IB or another third party
involves a substantial risk of loss. In addition, Customer hereby acknowledges, agrees and
understands that the use of a trading system, course, program, research or
recommendations of IB or another third party will not necessarily result in profits, or will
avoid losses or limit losses.
f. Because the risk factor is high in foreign currency trading, only genuine risk capital should
be used in such trading. If Customer does not have capital which the Customer can afford
to lose, Customer should not trade in the foreign currency markets.
g. Customer understands and acknowledges that MiltonPrime may compensate Customer’s
IB for introducing Customer to MiltonPrime and that such compensation may be on a per‐
trade basis or other basis.
h. Customer understands and agrees that if Customer’s Account with MiltonPrime is
introduced by an IB, that IB shall have limited access to information regarding Customer’s
MiltonPrime Account, but the IB shall not have the right to enter into any trades on
Customer’s MiltonPrime Account unless authorized by Customer under a power of
attorney between Customer and IB granting such IB the right to trade on Customer’s
Account.
i. Customer understands and acknowledges that Customer may have only one IB, a party
that originally referred Customer to MiltonPrime.
j. Customer may terminate Customer’s relationship with an IB by providing written notice
to MiltonPrime. Customer understands and acknowledges that Customer can not be
considered the client of any other IB. Should you have any questions regarding the risks
of trading in foreign currency; please contact your Account representative.