CFTC风险披露

This brief statement, which has been adapted from the Risk Disclosure Statement for Future and Options that appears as Appendix A to Rule 1.55(c) promulgated by the U.S. Commodity Futures Trading Commission, does not purport to disclose all of the risks and other significant aspects of engaging in Spot Forex Transactions. In light of the risks, you should undertake such transactions only if you understand the nature of the contracts (and contractual relationships) into which you are entering and the extent of your exposure to risk. Trading in Spot FOREX Contracts is not suitable for many members of the public. You should carefully consider whether FOREX trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances.
本声明改编自作为美國商品期货交易委员会发布的Rule 1.55(c)的附录A的期货和期权风险披露声明，它并不用于揭示即期外汇交易中的所有风险以及面面俱到介绍该事务中其他重要的方面。由于这些风险的关系，您必须在完全理解需要签署的合约（以及合约关系）以及您可能承受的风险之后才能从事交易。FOREX现货合约交易并不适合所有人。您需要根据自己的经验、目标、经济基础以及其他相关的具体情况认真考虑FOREX交易是否适合您。
1. Effect of "Leverage" or "Gearing"
Spot Forex Transactions carry a high degree of risk. The amount of initial margin is small relative to the value of the Spot FOREX Contract so that transactions are "leveraged" or "geared". A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit; this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.
1. “杠杆”效应
即期外汇交易风险系数很高。保证金只占FOREX现货合约价值的很小一部分，这被称作“杠杆”效应。市场很小的波动可能会对您的账户有较大的影响；这对您可能是有利的，也可能是不利的。您可能损失全部的初始保证金以及全部为维持账户未平仓头寸追加的保证金。如果市场朝着客户头寸相反的方向移动或保证金金额提高，客户将被要求追加额外的保证金以维持账户未平仓头寸。如果客户没有按时追加保证金，则账户中的头寸将被全部强制平仓，由此造成的所有损失由客户自己负担。
2. Risk-reducing orders or strategies
The placing of certain orders (e.g., "stop-loss" orders or "stop-limit" orders) that are intended to limit losses to certain amounts may not be effective because 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.
2. 降低风险的交易指令或策略
用于控制损失在某个限度的某些指令（诸如“止损”、“止损限价”等）有时候可能不起什么作用，因为某些市场条件可能会使这些命令无法执行。在使用类似差价交易、跨式组合头寸交易策略时，其风险可能与简单地持有“多头”或“空头”头寸一样高。
3. Terms and conditions of contracts
You should ask the firm with which you deal about the terms and conditions of the specific currencies which you are trading and associated obligations (e.g., the circumstances under which you may become obligated, under extraordinary circumstances, to make or take physical delivery of the full currency value).
3. 合约条款
在开始交易之前，您应相相关公司咨询具体的交易货币的所有细节以及相关责任（例如，在哪些特别情况下您有义务负责全部货币价值的实际交货）。
4. Suspension or restriction of trading and pricing relationships Market conditions (e.g., lack of liquidity) and/or the operation of the rules of certain markets (e.g., suspension of trading in any Spot FOREX Contract because of government intervention or "circuit breakers") may increase the risk of loss by making it difficult or impossible to effect transactions or liquidate/offset positions.
4. 交易暂停或交易受到限制
某些市场状况（例如缺乏流动性）和/或市场的操作规则（例如由于政府干预或“断路器”而造成FOREX 现货合约交易暂停）将会造成无法开仓或平仓或进行交易，这将导致风险增加。
5. Deposited cash and property
You should familiarize yourself with the protections accorded money or other property you deposit for domestic and foreign transactions, particularly in the event of a firm insolvency or bankruptcy. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property which had been specifically identifiable as your own will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall.
5. 资产的保全
您应了解如何保护您在进行國内或國外交易的过程中所存入的现金或其他形式的资产，尤其要了解在有关公司破产的情况下如何保护自己的财产。客户能够索回财产的多寡取决于当地的有关法律和法规。在某些司法管辖区，如果收回的数目不足，那么可认定属于您的财产将会像现金的形式那样按比例分配给您。

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