terms used in this Risk Warning shall have the same meanings as in
the Terms of Service except as otherwise provided herein.
trading or Margin Trading in Virtual Assets and/or Virtual Asset
carries a high level of risk to your capital. Trading is not suitable
for everyone and may result in losses that are greater than your
deposits. You should only trade with money you can afford to lose.
Risk Warning (this “
provides you with a non-exhaustive overview of the key risks that you
should take into account when deciding whether to open an Account and
trade in Virtual Asssets and/or Virtual Asset Derivatives. This
Warning does not explain all of the risks involved in Trading or how
the risks relate to your personal circumstances. It is important that
you read and understand the relevant legal documentation to fully be
aware of the risks involved according to your personal circumstances
before deciding to open an Account and access and/or use the
Services. We recommend that you seek independent advice if you are
consideration of Highend Technologies LLC ("
agreeing to provide Services to the User, the User acknowledges,
understands and agrees that:
GUARANTEE OF PROFITS
provides no guarantees of profit nor of avoiding losses when Trading.
User has received NO guarantee from Zignaly or from any Zignaly
Entities. Users are aware of the risks inherent in trading and are
financially able to bear such risks and withstand any losses
INVESTMENT, FINANCIAL, LEGAL, REGULATORY OR TAX ADVICE
are solely responsible for any decisions that you make in relation to
the Virtual Assets, and/or Virtual Asset Derivatives purchased, sold
and/or traded through our Services.
is not an investment, financial, legal or tax advisor nor do we
provide any investment, financial, regulatory, tax or legal advice.
In certain cases, we may provide you with general factual information
about the market and our Services. Any information and analysis
provided by us is general in nature, and purely for informational
purposes, and does not take into account the User’s personal
objectives, financial situation, investment risk profile or needs.
Furthermore, you must not regard any of the information that we
provide to you as an investment recommendation or an offer to make a
not invest with money or Virtual Assets you cannot afford to lose.
Trading carries a high degree of risk and due to fluctuations in
value, the User may not get back the amount invested, or you may lose
a substantial proportion or all of your capital. Virtual Assets, and
Virtual Assets Derivatives are not suitable for everyone. You should
carefully consider whether you can afford to bear the risks of loss
involved in using the Services and, in particular, trading Virtual
Assets, and Virtual Assets Derivatives.
Assets, and/or Virtual Asset Derivatives are not suitable for an
investor seeking an income from their investments, as the income from
such investments may fluctuate in value in money terms.
you decide to continue and open an Account and use the Services, you
are confirming that you are aware of and understand the risks.
User is warned, and the User agrees and understands that when trading
using Zignaly Services he assumes risk of financial loss which may be
a consequence of amongst other things: i) Failure of User’s
devices, software and poor quality of connection; ii) Zignaly or
User’s hardware or software failure, malfunction or misuse; iii)
Improper work of User’s equipment; iv) Wrong setting of User’s
Terminal; and/or v) Delayed updates of User’s Terminal.
provides the Trading Terminal, an interface that connects users to
Digital Asset Exchanges. However, Zignaly does not operate a Digital
Asset Exchange. We do not administer the underlying trading platforms
of the Digital Asset Exchanges for the bids or offers and we do not
enforce contracts among parties engaged in financing activities
available on those Digital Asset Exchanges through the Trading
Terminal. The underlying trading platform of the Trading Terminal is
administered and operated by the Digital Asset Exchange. We shall in
no event be held liable for any loss or other damages, including but
not limited to special, incidental, consequential, or other damages
arising from the acts of any operator of the Digital Asset Exchange.
You are responsible for understanding the Terms and Conditions of the
operators of the Digital Asset Exchanges.
Zignaly uses its best efforts to conduct comprehensive due diligence
on the Digital Asset Exchanges available in the Trading Terminal,
these Digital Asset Exchanges may be unregulated exchanges and their
practices may vary widely, including as to their security,
encryption, and liability for losses. Digital Asset Exchanges may not
be required to comply with any rules regarding wash trading, insider
trading, promoting price discovery, insuring losses, protecting
against fraud, ensuring anti-money laundering compliance, and many
other salient features. Digital Asset Exchanges may carry on
fraudulent operations or fronts for fraudulent schemes and be in a
jurisdiction where there is no likelihood of recovery or recompense.
Digital Asset Exchanges could provide incorrect, delayed, or
otherwise flawed data for a variety of reasons, including as a result
of software bugs and the aforementioned limited oversight on markets
for cryptocurrencies. Such poor data could misinform the User trading
strategies or engender inaccurate price discovery mechanisms. Errors,
fraud, and other issues with Digital Asset Exchanges have resulted in
extensive, irretrievable losses on multiple occasions in the recent
past. The underlying software and mechanisms for the Digital Asset
Exchanges could malfunction, executing trades for the Users at faulty
prices and adversely affecting the Users' investments. Digital Asset
Exchanges could choose to roll back trades to the benefit of other
parties but to the detriment of the Users. In general, errors and
unreviewable decisions by the exchanges could adversely impact the
value of the investment of the Users.
TRADERS, SIGNAL PROVIDERS, PAMM MANAGERS
choosing to configure any number or type of trading signals made
available by Signal Providers do so with the understanding that
Zignaly may not be held responsible for any delayed, failed, or
incorrectly transmitted notification. A trading signal may not
successfully reach the user for any number of reasons, such as the
failure of servers. Even without such failure or delay of an alert,
the validity and usefulness of the information represented in a
successfully transmitted alert of a trading signal may be diminished
due to market volatility, incorrect pricing or other information
sourced from a Digital Asset Exchange, or other unforeseen technical
issues or market conditions. In particular, a Digital Asset or
Digital Asset Derivative may be temporarily or permanently delisted
from a Digital Asset Exchange without notice, or support for certain
Digital Assets, Digital Asset Derivatives and/or Digital Asset
Exchanges may become unavailable, in which case related trading
signals may have diminished utility.
expressly states to the User that it does not guarantee profit or the
recurrence of rates of return that have been made by the PAMM
Manager, Copy Trader and/or Signal Provider in the past and warns
that no positive record of trading strategy implementation ensures
the repeat of trading success in the future.
PAMM Manager can disrupt the obligation to manage the PAMM Accounts
with respect to the best interests of Users, which we may not have
the information, so that the funds invested to a PAMM Account, can be
User bears financial responsibility for any losses incurred on the
Account as a result of the trading signals of the Signal Providers
and/or the trading activities of the Copy Traders and/or the PAMM
User accepts full responsibility for any and all financial losses
such as direct losses or profit losses resulting from the following
risks: i) risk that the PAMM Manager, Copy Trader and/or Signal
Provider does not possess the necessary qualification (if required)
or knowledge necessary to carry out trading activities; ii) risk that
the PAMM Manager, Copy Trader and/or Signal Provider may carry out
fraudulent operations using the Services functionality; iii) risk
that the Copy Trader, PAMM Manager, Signal Provider may lose control
over the Account and third parties may gain access to the Account;
iv) risk that the User may misunderstand or misinterpret these Terms;
v) risk of the Copy Trader, User, PAMM Manager, Signal Provider
Asset prices are highly volatile and trading in Virtual Assets is
extremely risky. In addition, several factors may affect market
liquidity for a particular Virtual Asset, such as regulatory
activity, market manipulation, the acts or omissions of the issuer of
the Virtual Asset, or unexplainable price volatility. VirtualAssets
are decentralized and non-regulated, which means that there is no
central bank that can take corrective measures to protect the value
of a Virtual Asset in a crisis or issue more Virtual Assets. As a
result, Virtual Asset trading involves a high risk of loss of funds
over a short period of time due to high market volatility, execution
issues and industry-specific disruptive events, including, but not
limited to, discontinuation, regulatory bans and other malicious
actors within the Virtual Assets industry.
Asset Exchanges could provide incorrect, delayed, or otherwise flawed
data for a variety of reasons, including as a result of software bugs
and the limited oversight on markets for Virtual Assets. Such poor
data could misinform the User trading strategies or engender
inaccurate price discovery mechanisms. Errors, fraud, and other
issues with Digital Asset Exchanges have resulted in extensive,
irretrievable losses on multiple occasions in the recent past. The
underlying software and mechanisms for the Digital Asset Exchanges
could malfunction, executing trades for Users at faulty prices and
adversely affecting the User investments. In general, errors and
unreviewable decisions by Digital Asset Exchanges could adversely
impact the value of the investment of the Users.
is important that you comprehend the risks associated with trading on
a market as fluctuations in the price of the underlying spot market
will have an effect on the profitability of the trade.
Trading, Slippage may occur. Slippage is the difference between the
expected price of a Transaction, and the price the Transaction is
actually executed at. Slippage often occurs during periods of higher
volatility (for example due to news events) making an order at a
specific price impossible to execute, when market orders are used,
and also when large orders are executed when there may not be enough
interest at the desired price level to maintain the expected price of
the trade. Furthermore, prices displayed on the Trading Terminal are
solely an indication of the executable rates and may not reflect the
actual executed or executable price of an order due to issues related
to latency in the prices provided and connectivity issues. It is
important that you comprehend that when placing an order, your order
may not be filled at the quoted price.
using the Services, you accept the risk of trading Virtual Assets,
and/or Virtual Asset Derivatives. In entering into any transaction,
you represent that you have been, are, and will be solely responsible
for making your own independent appraisal into the risks of the
transaction and the underlying Virtual Asset.
in Virtual Assets, and/or Virtual Asset Derivatives is riskier, less
liquid and more volatile. The liquidity of the markets on the Trading
Terminal will depend on, among other things, supply and demand on the
Trading Terminal and the interest in these markets. There is a risk
that there may be limited volume and liquidity which may result in
delays in order execution, and potentially, some orders may not be
ASSET PRICING RISKS
Asset Exchanges may use its own or a third-party methodology for
calculation of Virtual Asset prices, which may differ from
publicly-reported prices from other sources. The methodology and the
sources for calculating the Virtual Asset prices may be subject to
change at any time without notice in the Digital Asset Exchange sole
and absolute discretion. The change of methodology and sources for
calculating Virtual Asset prices may affect the published prices, and
therefore, may affect the profitability or losses of your trades.
Zignaly is not responsible or liable for any direct or consequential
losses a User may incur as a result (directly or indirectly) of a
change in the methodology and the sources for calculating the Virtual
Asset prices by Digital Asset Exchanges.
Trading means that both profits and losses can be magnified, and you
could incur very large losses if your position moves against you. You
may even suffer losses that exceed the amount you deposited as Margin
and your failure to maintain a sufficient amount of Margin may result
in the forced-liquidation of your positions.
you open a Margin Trading position, the relevant Digital Asset
Exchange may require you to deposit an initial Margin and, in order
to keep a Transaction open. This means that you will be trading using
‘leverage’ or 'gearing' and this can work for or against you; a
small price movement in your favour can result in a high return on
the initial Margin placed for the trade, but a small price movement
against you may result in substantial losses.
Trading means you can secure a significantly larger exposure to an
underlying asset for a relatively small initial Margin. However, the
use of leverage magnifies the size of your trade, which means your
potential gain and your potential loss are equally magnified.
Therefore, you should closely monitor all of your open positions to
manage the risk of large losses.
ASSET WALLET RISKS
are responsible to use the correct blockchain address of your virtual
asset wallet address or addresses associated with your Account (the
for any deposit, or transfer, and that the address you use is
compatible with the Virtual Asset you are depositing, or
transferring. Any inaccuracy in a Digital Asset Wallet or in the
Virtual Asset that you attempt to transfer, may result in total loss
of the Virtual Asset concerned.
does not provide custodial services. Digital Assets maintained in
your Zignaly Account are either maintained in your External Exchange
Account and/or your Exchange Sub-Account under the Exchange Master
Account from a Digital Asset Exchange. You acknowledge, understand
and agree that Zignaly shall not be held liable for losses arising
from any security issues of the Digital Asset Exchanges or from any
actions taken by the Digital Asset Exchanges.
Virtual Assets transferred to or held in the Digital Asset Wallet are
not insured by any Government Agency or public authority, and are not
covered by any deposit protection schemes. Furthermore, they are
segregated from, and may be commingled with, other Users’ Virtual
Assets. Zignaly does not have any trust, fiduciary, or other
custodial relationship with you. Your Wallet Account balances
(including both deposits, trading profits or any other Virtual Assets
kept in your Digital Asset Wallet) are not insured, and therefore
they are at a risk of total loss, from, among others things, security
breaches (whether in respect of your accounts specifically or the
Services), electronic, technological or systems failures, and Zignaly
insolvency or bankruptcy, or equivalent formal proceedings.
risks with Zignaly on your computer are inherent in every
transaction. For example, disruptions in Zignaly's operational
processes such as communications, computers, computer or mobile
networks or external events may lead to delays in the execution and
settlement of a transaction. Zignaly does not accept or bear any
liability whatsoever in relation to the operational processes of
Zignaly, except to the extent that it is caused by the fraud,
negligence or dishonesty by Zignaly.
connection with the use of computer equipment and data, the User
bears certain risks amongst other risks, in which cases Zignaly has
no liability of any resulting loss, including but not limited to i)
Power cut of the equipment on the side of the User or the provider;
ii) wrong or inconsistent with requirements settings of the User
Terminal; or iii) Untimely update of the User Terminal. The User may
suffer financial losses caused by the materialization of these risks,
Zignaly does have no responsibility or liability in the case of such
a risk materializing and the User shall be responsible for all
related losses he may suffer.
Zignaly nor the Services are regulated or supervised by any
regulatory body. You understand your responsibility to make sure that
you comply with any and all laws, regulations, directives,
restrictions of your place or places of residence before using our
Services. Our Services shall not be accessed or used, and we do not
offer or solicit the access or use of the Services, in jurisdictions
in which the Services are not permitted (including, without
limitation, Prohibited Jurisdictions).
of Virtual Assets, Virtual Asset Derivatives, Virtual Asset service
providers, and blockchain technologies, which include Zignaly
Services lack uniformity and are unsettled in many jurisdictions.
These regulations are evolving rapidly, are subject to significant
variation among international jurisdictions and are generally subject
to significant uncertainty. Zignaly may receive queries, notices,
warnings, requests or rulings from one or more regulatory authorities
from time to time, or may even be ordered to suspend or discontinue
any action in connection with the Services. There is no guarantee
that new laws or regulations or new enforcement or interpretation of
current laws or regulations will not adversely affect Virtual Assets,
or Virtual Assets Derivatives, the Services, the price and liquidity
of the Virtual Assets, or Virtual Assets Derivatives traded through
the Trading Terminal. Furthermore, Zignaly may limit the availability
of the Services to certain persons based on their citizenship,
residence or location from engaging in any transactions, which may
also negatively affect the aforementioned price and liquidity of the
Virtual Assets, or Virtual Assets Derivatives traded through the
have been many documented incidents of thefts and attempted thefts of
Virtual Assets and Digital Asset Exchanges. This may make such
entities the target of cryptocurrency thieves and scammers. Due to
the rapidly evolving nature of cryptocurrency, there likely will
always be a risk of vulnerability to theft even with adherence to
security best practices. There can be no guarantee that Digital
Asset Exchanges will not be a victim of Virtual Asset theft, the
result of which may adversely affect the Users, including a loss of
the Virtual Assets held in their Digital Asset Wallet.
cyberattacks, including but not limited to malware attacks, denial of
service attacks, coordinated attacks and account takeovers may
negatively affect the Services, and the value of Virtual Assets, or
Virtual Assets Derivatives traded through the Services. Cyberattacks
may also lead to unauthorized access to Accounts or Zignaly’s
systems for misappropriation of assets or sensitive information,
corrupting data, or causing operational disruption. Cyberattacks to
third party service providers could substantially affect the
are responsible for maintaining adequate security and control of any
and all user IDs, passwords that you use to access the Services. You
are strongly encouraged to use two-factor authentication in accessing
the Website and the Services, and may adjust their security features
in their user settings. If you suspect or become aware of any
unauthorized use of your Account, you should notify Zignaly
immediately. Zignaly assumes no liability for any loss or damage
arising from the access and/or use of your Account by you or any
third party with or without your authorization.
insolvency or default may lead to positions being liquidated or
closed out without your consent. In certain circumstances, you may
not recover the Virtual Assets held in your Account.
is a risk that the User’s trades through the Services may be or
become subject to tax and/or any other duty for example, due to
changes in legislation or User's personal circumstances. Zignaly does
not offer tax advice, and the User is responsible for any taxes
and/or any other duty which may accrue in respect of his trades
through the Services.
tax laws and regulations are highly complex and subject to
interpretation, especially when cross-border transactions and
multiple tax jurisdictions are involved. Consequently, Zignaly are
subject to changing tax laws, treaties and regulations. If any tax
authority successfully challenges the operational structure of
Zignaly, or Zignaly loses a material tax dispute, the Zignaly tax
liabilities could increase substantially. This could cause Zignaly
financial resources to be constrained or impaired. This in turn could
negatively affect the availability and/or provision of the Services.
we use our best efforts to keep the information related to the
Services as accurate, complete and up to date as possible, there is a
risk that the information related to the Services may not be
accurate, complete or up to date.
case of a Force Majeure Event, Zignaly may not be in a position to
arrange for the execution of User Orders or fulfil its obligations
under the Terms of Service with the User. As a result the User may
suffer financial loss. Zignaly will not be liable or have any
responsibility for any type of loss or damage arising out of any
failure, interruption, or delay in performing its obligations under
the Terms where such failure, interruption or delay is due to a Force
schedule of fees is published on our Website, and can be found
Our Schedule of Fees may change at any time, at our discretion.
Managers may charge commissions in the form of Success Fees on
trading profits. Success Fees are set by PAMM Managers at their own
discretion. Copy Traders and Signal Providers may charge monthly
subscription payments to Users at their own discretion.