The purpose of this Risk Warning (hereinafter referred to as the "Warning") is to disclose to the Client information about the risks associated with the performance of Transactions in the financial markets, and warn the Client about possible financial losses associated with these risks. The list of risks given in this Warning is not exhaustive due to the variety of possible situations that arise when performing the specified Operations.

1. When making Transactions on international financial markets, any change in the price of the Underlying Asset may have a significant impact on the status of the Client's Trading Account due to the effect of the Credit Shoulder. In accordance with this circumstance, when the market moves against the Client’s position, he may incur loss in the amount of funds deposited to the Trading Account, as well as in the amount of funds deposited them additionally to maintain Open Positions. The client is solely responsible for accounting for all risks, the use of funds and the choice of a strategy for performing these Operations.

2. A number of Instruments have a significant intraday price range, which means high probability of receiving both profit and loss on the considered Operations. When increased volatility, reduced liquidity and other significant changes in market conditions, causing a change in quotes by more than 5% for a period not exceeding the duration of the Operational days, the Company has the right to fix the financial result on the Client's Operations at a price not exceeding 5- percentage change in quotations in relation to the moment of the beginning of the change in quotations of financial Tools defined by the Company.

3. The client assumes the risk of financial losses (losses) due to a malfunction information, communication, electrical and other systems used to perform Operations, provided for by the Agreement and its annexes.

4. The Client acknowledges that under abnormal market conditions, order processing times and Client orders may increase.

5. The client assumes the risk of financial losses (losses) caused by circumstances force majeure (force majeure), which means any action, event or phenomenon, including including but not to:

5.1. strikes, riots or civil unrest, acts of terrorism, wars, natural disasters, accidents, fires, floods, storms, hurricanes, power outages, communications, software or electronic equipment which, in a reasonable opinion The Company has led to destabilization of the market or markets of one or more Instruments;

5.2. the suspension, liquidation or closure of any market, or the absence of any event on which the Company bases Quotations, or the imposition of restrictions or special or non-standard trading conditions, as well as conducting Transactions on any market, or in relation to any such events.

6. When planning and conducting Operations associated with an increased risk, the Client must take into account, that in practice the possibilities of positive and negative deviations of the real result from planned (or expected) often exist simultaneously and are implemented depending on the whole a number of specific circumstances, the degree of consideration of which determines the effectiveness of the Client's Operations.

7. In view of the foregoing, the Company recommends that the Client carefully consider whether whether the risks arising from transactions in the international financial market are acceptable, taking into account the goals and financial capabilities of the Client.

8. This Warning is not intended to force the Client to refuse to perform Transactions in the international financial market, but is designed to help the Client assess the risks associated with making these Operations, and take a responsible approach to resolving the issue of choosing an activity strategy within the framework of performance of the Agreement concluded with the Company.