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Risk Disclosure
[LEGAL REVIEW REQUIRED]
The short version
Trading forex, CFDs and crypto carries a high risk of losing money, including all of it. Only trade money you can afford to lose. Past performance and simulations are not a guide to the future.
Most retail traders lose money on CFDs. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
What you are trading
Forex, indices, commodities and, where the law allows, crypto assets are traded here as contracts for difference (CFDs). A CFD is an agreement to pay or receive the change in a price. You do not own the underlying asset. For UK retail clients, crypto derivatives are not offered. In Australia and Europe, where crypto CFDs are available to retail clients, regulators cap the permitted gearing, and the cap for crypto CFDs is much tighter than for forex.
Gearing magnifies losses
CFDs are traded on margin, which means a small deposit controls a larger position. That multiplies gains and losses alike. A small move against you can wipe out your deposit, and in some circumstances you can lose more than you intended on one trade. Check how your broker protects you from negative balances.
Why a stop-loss is not a safety net
A stop-loss is an instruction, not a wall. In fast markets or at the weekend open, prices can jump past your level, and your order is filled at the next available price. This is called slippage, and it can be large. A stop-loss also cannot protect you if your broker, your connection or the software is unavailable when you need it.
Past results and your own judgement
Charts, back-tests and demo accounts show what would have happened in the past, or in a simulation with no real money and perfect conditions. Real trading adds spreads, delays, partial fills, emotions and surprises. Do not decide to deposit because a simulation looked good, and do not copy anyone else's rules without understanding them.
Spreads and costs
You pay the spread, the gap between the buy and sell price, on every trade. It is set by your broker and widens when markets are thin or volatile. Frequent trading pays that cost over and over. Your broker may also charge overnight financing, inactivity or withdrawal fees. Read the schedule linked below.
Risks specific to automated software
- Rules can fail. A rule tuned on past data can fit noise and then fail on new data. Passing a simulation proves very little.
- Software and connections fail. Outages, delays, errors and bugs can cause orders to be late, missed or duplicated.
- Automation can compound mistakes. A badly chosen position size or stop is repeated at machine speed until you press Halt Execution.
- Halt Execution stops new orders. Positions that are already open stay with your broker. Know how to close them there.
- Simulations are illustrative. Every chart and demo on this site is a simulation. It is not live data, it is not a prediction, and it is not a guide to the future.
Broker and counterparty risk
Your money is held by the executing broker, not by Elqorvane. If the broker fails, your recovery depends on that broker's regulator, the way it segregates client money and any compensation scheme that applies to you. Not every client or product is covered. Ask the broker, and read its terms before you deposit.
Regulatory and tax risk
Rules about CFDs change, and differ by country. Tax treatment depends on your circumstances. We cannot advise you. Speak to a qualified adviser.
This is not advice
Nothing on this site is investment, tax or legal advice, or a recommendation to trade. Elqorvane is software. It is not a broker, dealer, bank or adviser, and it does not know your finances. It earns referral fees when you open a live account with a broker, which is a conflict of interest you should weigh.
Over-trading and behaviour
Automation does not remove human error; it moves it. People tend to raise position sizes after a win, to chase losses, and to switch off protections when they feel confident. Decide your limits in advance, write them down, and keep to them.
Market and liquidity risk
Prices can move sharply on news, at market open and close, and when few people are trading. When liquidity is thin, spreads widen and orders may be filled far from the price you expected, or not at all. Some markets can be suspended altogether.
Only risk what you can afford to lose
The minimum deposit is $250 AUD · £250 GBP · €250 EUR · $250 CAD · $250 NZD · $250 SGD. Use money you do not need for rent, bills, savings or retirement. If trading starts to feel like a way out of money worries, stop and speak to someone you trust or to a free debt-advice service in your country.
Complaints and help
Write to [email protected]. We acknowledge formally within 48 business hours.
Registration for UK residents is closed. Elqorvane does not currently promote to UK retail clients.
Retail loss rates and broker terms
| Market | Executing broker | Regulator and licence | Retail loss rate (broker's own figure) | Broker terms |
|---|---|---|---|---|
| Executing brokers are being confirmed. Account registration opens only once each broker, its licence number and its own published retail-loss figure are listed here. Until then we keep an early-access list only. | ||||