Disclosure of Risk Trading and the execution of financial transactions similar to those described and/or resulting from this agreement, with or

without the use of high financial leverage, is speculative trading of high risk. You must carefully and seriously consider whether this type of financial activity suits your needs, your financial resources, and personal circumstances. As the risk of losing some, or all, of the invested funds in a relatively short period of time is high, it is recommended that you use only funds which you have earmarked for speculative, high-risk financial transactions. In particular, be aware of the following points:

1. High financial leverage in the trading of currency, commodities, and other financial assets is created based on collateral of a low sum relative to the total transaction. The results of trading with high financial leverage are that a small change in market prices, within a short period of time, may cause substantial gain or loss, proportional to the size of the collateral, up to the total loss of the collateral sum in a very short period of time.

2. The fluctuation of the rates in the currency markets, commodities and financial derivatives are often sharp without the ability to forecast the size or direction of the change or the time-frame in which it occurs. This warning does not cover all the possible risks connected with this type of transactions described and/or result from this agreement.