In some cases, managed foreign exchange
accounts are subject to substantial charges for management and advisory fees, as well as a mark-up,
above and beyond the ordinary spread generally provided. It may be necessary for those accounts that are subject to these
charges to make substantial trading profits to avoid depletion or exhaustion of their assets.
The regulations of the Commodity Futures Trading Commission
(CFTC) require that prospective customers of a Futures Commission Merchant receive a disclosure document when they are solicited.
These disclosures are incorporated into the Trading Agreement and the Limited Power of Attorney (LPOA), which are readily
accessible at this site. This brief statement cannot disclose all of the risks and other significant aspects of the foreign
exchange markets. Therefore, you should carefully review the disclosures contained in both the Trading Agreement and LPOA
to determine whether such trading is appropriate for you in light of your particular financial condition.
Past performance is NOT indicative of future results. The
information contained herein should not be construed as an offer to buy or sell commodities, futures or any investment. The
information contained herein is intended for informational purposes only. FXCM highly recommends that before making a decision,
the reader collects several opinions related to the decision and verifies facts from at least several independent sources.
The CFTC has not passed upon the merits
of participating in any of managed accounts programs nor on the adequacy or accuracy of any of these disclosure documents.
Other disclosure statements may be provided to you before a managed foreign exchange account may be opened for you.
RISK DISCLOSURE STATEMENT