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Milton Prime
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Risk Disclosure

Last updated: February 2025

Milton Global Ltd (Company No. 8425062-1), authorized and regulated by the Seychelles Financial Services Authority under License SD040 (the "Company"), provides this Risk Disclosure Statement to ensure that Customers and prospective Customers understand the nature and risks of trading Contracts for Difference ("CFDs") and foreign exchange ("FX") products. This document should be read in conjunction with the Company's Terms of Service, Privacy Policy, and all other applicable legal documentation. By opening an account with Milton Prime, you acknowledge that you have read, understood, and accepted the risks described herein.

1. Scope of the Risk Disclosure Statement

This Risk Disclosure Statement is provided by Milton Global Ltd (the "Company") to inform Customers and prospective Customers of the risks associated with trading CFDs and FX through the Company's platforms. This document should be read carefully alongside all other legal documentation provided by the Company. Before deciding to trade, you must ensure that you fully comprehend the nature and extent of the risks involved.

2. High Degree of Risk

Trading CFDs and FX involves a high degree of risk, including the risk of losing the Customer's entire Risk Capital. Losses may exceed the Customer's Account Value. Trading in these instruments is highly speculative and carries significant risk of loss. CFDs and FX are not suitable for all investors. By opening an account, the Customer represents and warrants that they understand these risks, are willing and financially able to assume them, and that the loss of their entire account balance will not materially change the Customer's lifestyle.

3. OTC Margined Trading

Over-the-counter ("OTC") margined trading involves a high degree of risk and is highly speculative in nature. The Customer acknowledges and agrees that they understand, and are willing to assume, the risk of losing their entire Risk Capital. OTC margined products are not suitable instruments for retirement funds or similar long-term savings vehicles.

4. Excessive Leverage

Excessive leverage can lead to rapid and substantial losses. A high degree of leverage (the use of a relatively small amount of capital to control a substantially larger position) can result in large losses as well as large gains. The Company encourages Customers to use only a level of leverage with which they are comfortable and to employ prudent money management precautions, such as Stop Loss Orders. The Company reserves the right to reduce or increase leverage at any time, without prior notice.

5. Liquidity Risk

CFD and FX markets experience periods of reduced liquidity. Liquidity risk arising from decreased market depth is typically caused by unanticipated changes in economic or political conditions that may affect general market conditions. When liquidity decreases, Customers should expect wider bid-to-ask spreads. Such conditions may result in "Fast Market" conditions, where prices may move significantly in a short period. The Company may liquidate any positions that do not have adequate margin to support them during such periods.

6. Communication Risk

The Customer assumes all risk related to communication disruptions. The Company's representatives may become unavailable due to communication system malfunctions, technical failures, or high call and message volumes. This includes, but is not limited to, disruptions in telephone, internet, email, or electronic trading platform connectivity.

7. Quoting Error Corrections

The Company reserves the right to correct any transactions that were executed based on misquoted prices or other quoting errors. Such corrections may include adjustments to the Customer's Account, whether those adjustments are in favor of the Customer or not. The Company will make reasonable efforts to notify the Customer of any such corrections.

8. Market Recommendations Disclaimer

All market recommendations, commentary, or analysis provided by the Company are offered for informational purposes only. Any trading decision made by the Customer is an independent decision made at the Customer's sole discretion. The Company and its employees are not investment advisors and do not owe a fiduciary duty to any Customer. The Customer acknowledges that they bear all risk in the event that the Company should go out of business. There is no guarantee that the Company will be profitable. The Customer acknowledges the credit risk inherent in dealing with the Company. In the event of the Company's insolvency, the Customer may only look to the Company for performance of its obligations and for the return of any Collateral and Margin held.

9. No Guarantees of Profit

There are no guarantees of profit, nor is there any guarantee of freedom from loss. The Customer acknowledges that they have received no such guarantees from the Company or from any of its representatives. The Customer is aware of the risks inherent in trading CFDs and FX and is financially able to bear such risks and withstand any losses incurred.

10. Company's Right to Exit Business

The Company may, at its sole discretion, decide to exit the business or discontinue offering certain products or services. In such an event, the Customer agrees that the Company may liquidate all open positions and return remaining funds to the Customer at the Company's sole discretion and in accordance with applicable regulations.

11. Reporting Errors

Customers are responsible for reviewing and reporting any errors of omission or errors in transaction details. The Customer must notify the Company immediately upon discovering any discrepancy, error, or omission in their Account, including but not limited to incorrect trade execution, missing transactions, or incorrect Account balances. The Company will review all reported errors in good faith.

12. Risks of Electronic Communication

Trading instructions or account management requests submitted via chat, email, or other electronic communication devices carry inherent risks, including but not limited to delays in transmission, miscommunication, unauthorized access, and system failures. The Customer acknowledges and accepts these risks when choosing to communicate trading instructions through electronic means.

13. Limited Liability and Force Majeure

The Customer agrees that the Company shall not be held liable for any claims, losses, damages, costs, or expenses caused directly or indirectly by events beyond the Company's reasonable control. Such events include, but are not limited to, civil unrest, war, acts of terrorism, natural disasters, epidemics, government actions, communication system failures, power outages, equipment malfunctions, data processing failures, and disruptions caused by third-party service providers.

14. Effect of Leverage

Transactions in CFDs and FX carry a high degree of risk. The amount of initial margin is small relative to the value of the contract, meaning that transactions are "leveraged" or "geared." A relatively small market movement will have a proportionately larger impact on the funds the Customer has deposited or will have to deposit. This may work against the Customer as well as in the Customer's favor. The Customer may sustain a total loss of initial margin funds and any additional funds deposited with the Company to maintain their position. If the market moves against the Customer's position or margin levels are increased, the Customer may be called upon to deposit additional funds on short notice to maintain the position. Failure to comply with a request for additional funds may result in the closure of the Customer's position(s) by the Company.

15. Risk-Reducing Orders and Strategies

The placing of certain orders (for example, "Stop Loss" or "Limit" orders) that are intended to limit losses to certain amounts may not always be effective. Market conditions may make it impossible to execute such orders at the stipulated price. Strategies using combinations of positions, such as hedging, may be as risky as taking simple long or short positions.

16. Charges and Costs

Before commencing trading, the Customer should obtain a clear understanding of all commissions, fees, spreads, swap rates, and other charges for which the Customer will be liable. These charges will affect the Customer's net profit or increase the Customer's losses. Full details of all applicable charges are set out in the Company's Fee Schedule.

17. Electronic Trading Risks

Trading via an electronic trading system may differ from trading on other electronic or conventional trading systems. The Customer is exposed to risks associated with the electronic trading system, including but not limited to hardware failure, software failure, network connectivity issues, and system overload. The Company cannot be held responsible for communication failures, distortions, or delays when trading via the internet or other electronic means.

18. Limitation of Liability

The Customer accepts the electronic trading system on an "as is" basis, without any warranties, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, or non-infringement. The Company shall not be liable for any punitive, indirect, incidental, special, or consequential damages arising from or related to the Customer's use of the trading system or the Company's services.

19. Margin Requirements

The Company's margin policies require that the Customer's Account be properly margined at all times. It is the Customer's responsibility to monitor their margin level and ensure that sufficient funds are maintained. Failure to maintain adequate margin may result in the liquidation of the Customer's open positions without prior notice. The Company reserves the right to liquidate any or all of the Customer's open positions if the Account falls below the minimum margin requirement, without obligation to contact or notify the Customer beforehand.

20. Quoting Errors and Interest Adjustments

The Company reserves the right to make corrections or adjustments to the Customer's Account to account for quoting errors, system errors, or other pricing discrepancies. In the event of a system error where interest or swap charges are not properly charged or credited, the Company reserves the right to apply the missed interest or swap adjustments retroactively.

21. Third-Party Authority

If the Customer grants trading authority or control over their Account to a third party, whether by power of attorney or otherwise, the Company shall not be responsible for reviewing the Customer's choice of such third party or for making any recommendations with respect thereto. The Company makes no representations or warranties concerning any third party and shall not be responsible for any loss to the Customer occasioned by the actions of any such third party.

22. Disclosure Regarding Bankruptcy Protections

The Customer's CFD and FX transactions are not traded on a regulated exchange and are not cleared through a central clearinghouse. Therefore, the Customer's deposits and funds may not receive the same protections as funds used to margin or guarantee exchange-traded contracts. In the event that the Company becomes insolvent, the Customer's claims may not receive priority over the claims of other creditors. Without a priority claim, the Customer is an unsecured general creditor and their funds may not be fully recoverable.

23. Volatile Market Conditions

Trading during periods of extraordinary market volatility may expose the Customer to additional and heightened risks. Market conditions may result in rapid and significant price movements, wider spreads, and reduced liquidity. The Company cannot guarantee execution at any specific price during periods of extraordinary market volatility, and orders may be filled at prices significantly different from the requested price.

24. Simulated Trading Conditions

Simulated or demo trading environments may differ materially from real trading conditions. Factors such as liquidity, market impact, slippage, and execution speed in a simulated environment do not necessarily reflect the conditions of live markets. Results achieved in a demo account should not be relied upon as an indication of the results that may be expected in a live trading account.

25. Referring Parties and Introducing Brokers

Introducing Brokers ("IBs") and other referring parties are wholly separate and independent entities from the Company. No joint venture, partnership, agency, or employment relationship exists between the Company and any IB or referring party. The Company does not endorse, guarantee, or assume responsibility for the conduct of any IB or referring party. The Customer should not rely on any information, representation, or recommendation from an IB or referring party that is inconsistent with or contrary to the Company's own risk disclosures and legal documentation.

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