Trading in forex and Contracts for Difference (CFDs) involves substantial risk and there is always the potential for loss. Because the risk factor is high in the foreign exchange market trading and if you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss. Such trading is not suitable for all investors so the Customers, who open a Trading Account in the website of GoCopyTrade, are in default of knowing and understanding all these following risks:
Any opinions, news, research, analyses and other information contained on this website is provided as general market commentary, and does not constitute investment advice. Therefore, GoCopyTrade will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
As all the trading products carry a high degree of risk and are not suitable for all investors, the client carefully consider whether such the strategies and/or services you have chosen to follow are appropriate for you. If you decide to select and follow strategies of any excellent Provider at GoCopyTrade, you are confirming that you are aware of and fully understand all the risks involved.
3. Risks of Loss
The risk of loss in trading Forex can be substantial. When investing for skills or strategies that you follow, you may sustain a total loss of the initial margin funds. By viewing this website and trading on the GoCopyTrade’s trading platform, you fully understand and agree to bear complete responsibility for your choice of signal provider(s) and acknowledge that GoCopytrade has not and will not make any specific recommendations to you upon which you are entitled to rely.
4. Leverage Risk
By using leverage, even from a relatively small initial investment the Strategy Provider can make considerable profit. On the other hand, his/her losses can also become drastic if he/she fail to apply proper risk management. This leads to not only the loss of Strategy Provider but also the loss of Copy Trader.
This is the reason why GoCopyTrade provides a leverage range that helps both of the Providers and the Copiers choose their preferred risk level. At the same time, we do not recommend trading close to a leverage due to the high risk it involves.
5. Margin Monitoring
Used and free margin together make up your equity. By monitoring your used and free margin at GoCopyTrade you can control your real-time risk exposure. Used margin refers to the amount of money you need to deposit to hold the trades. Free margin is the amount of money you left in your trading account, and it fluctuates according to your account equity; you can open additional positions with it, or absorb any losses.
6. Margin Call
At GoCopyTrade, we follow a margin call policy to ensure that your maximum possible risk does not exceed your account equity despite the fact that each client is fully responsible for monitoring their trading account activity.
As soon as your account equity drops below 20% of the margin needed to maintain your open positions, we will attempt to notify you with a margin call warning you that you do not have sufficient equity to support open positions.
7. Copy Trading
GoCopyTrade has developed and provides the clients its auto-trading features. In making a decision to Copy a specific trader or traders and/or follow a particular strategy, the clients must consider their entire financial situation including financial commitments and they understand that using the auto-trading features is highly speculative and that they could sustain significant losses exceeding the amount used to copy a trader or traders. The risks associated with the features, include but are not limited to, automated trading execution whereby the opening and closing of trades will happen in the Customer’s account without their manual intervention.
When trading online (via the internet), the clients acknowledged that at the moment of peak load there may be some difficulties in getting communication with the duty operator, especially on such a fast market. GoCopyTrade shall not be liable for any claims, losses, damages, costs or expenses, caused, directly or indirectly, by any malfunction or failure of any transmission, communication system, computer facility or trading software, whether belonging to the GoCopyTrade, customer, any exchange or any settlement or clearing system.
The clients acknowledged that once a Transmission is made and enters the execution queue and begins being processed it cannot be cancelled. Any other instruction involved in the Transmission will be ignored until the Transmission is completed. The clients should always consider thoroughly before following any traders to copy Transactions. All Transactions are performed on a First-In-First-Out basis.
10. Third Party
In the case that the customer permits a third party that is referred to “Trading Agent” choosing to follow an excellent trader whether on a discretionary or non-discretionary basis, GoCopyTrade shall in no way be liable for reviewing the Customer’s choice. GoCopyTrade is not responsible for any losses incurred by such a party and any disputes that may arise will be resolved between customer and the trading agent. In case of unnamed Trading Agent on the user’s account, GoCopyTrade cannot be liable for rejecting any instruction from a non- authorized party.
During peak trading hours the customer understands that he/she may experience some difficulties in contacting GoCopyTrade’s Customer Service due to high volume. GoCopyTrade cannot be liable for any disruptions in service due to any force majeure.
RISK WARNING: Trading in forex and Contracts for Difference (CFDs) involves substantial risk and there is always the potential for loss. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss. Such trading is not suitable for all investors so the Customers, please ensure you understand all the risks involved before deciding to trade. Read our full risk Disclosure Statement in here.