Risk disclosures

The value of crypto assets and stocks can go down as well as up. You may get back less than you deposited. Some assets can go to zero, halt, or become impossible to sell at a reasonable price.

Leverage is not offered as a retail product on this desk. That does not make spot holdings safe.

Marks, balances, and fills follow the desk book. They may differ from prices you see on other venues. Liquidity can be limited. Your agent may refuse size that would be inappropriate for the book.

Nothing on the site or from your agent is a personal recommendation unless a separate written mandate says so. Balances are not bank deposits and are not covered by FDIC, FSCS, or equivalent schemes.

Banks, blockchains, vendors, and our own systems can delay or fail. Crypto sent to the wrong address or network may be lost. We may pause deposits, trading, or payouts to protect the book or to meet the law.

Staff operate the book you see. They are not a secret pool trading against clients. We still have a commercial interest in the desk remaining open. If a specific conflict arises on your file, your agent should say so.

The first-deposit refund is described in the Terms of Use. It applies only to the first credited deposit on a new account, if that deposit does not show a profit, and only if the conditions in those Terms are met. It is not a guarantee of later results.

The Services may not be available where we would need a licence we do not hold. You are responsible for the laws that apply to you. Nothing here is an offer or solicitation where that would be unlawful.