Any data-fact, assessment, analysis, report, forecast, opinion or information (collectively referred as “Information”) released by Century Financial Consultancy LLC (“CFC”) or its owner, subsidiary, affiliate or a branch or any director, officer, employee or an authorized representative, in the form or through CFC’s websites, or third party websites, or in any of its; marketing materials, newsletters, individual and company e-mails, social media, SMS, WhatsApp or other messaging services, presentations and letters, in lectures (includes seminars/webinars), individual conversations or in any other form of written or verbal communication (collectively referred to as “Publications”) is provided only for informational purposes only.
No Publication of CFC should be construed as an offer (or solicitation of an offer) to:
- buy or sell any product or financial instrument or investment product,
- make any investment, or
- participate in any particular trading strategy
(collectively referred to as the “Offer”).
Not withstanding anything to the contrary (not even if specifically stated), no Publication of CFC should be construed as an Offer in any jurisdiction in which such Offer would be illegal. Any such perceived Offer will not be honored by CFC. Without prejudice to the generality of the foregoing, no Offer of any kind shall legally bind CFC in any way. Conversations over any other means such as WhatsApp, Botim, web chats, chat messengers, short message services (SMS) shall not create any binding obligation upon CFC and the same are only for the purposes of ease of communication and assisting in the smooth operation of business on day to day basis.
No Representation, No Warranty
CFC uses reasonable efforts to obtain Information from reliable sources, but all Publications are provided on an “as is” basis without representation or warranty of any kind (neither express nor implied) and CFC disclaims liability for any Publication not being complete, accurate, suitable and relevant for the recipient. Specifically, CFC disclaims liability towards any subscriber, client, partner, supplier, counterparty and other recipients for:
- the accuracy of any market information, pricing, figures, quotations etc.
- any delay, inaccuracy, error, interruption or omission in providing market information,
- and any discontinuance of market information.
The Publications of CFC are not updated after their release and may, due to changing circumstances become inaccurate, irrelevant and possibly misleading after a period of time which may vary from seconds and minutes to days, weeks and months depending on the Information. CFC gives no guarantee against, and assumes no liability towards any recipient for, a Publication being outdated.
If a Publication becomes outdated CFC shall be under no obligation to:
- update the Publication,
- inform the recipients of a Publication, or
- perform any other action.
A Publication may be personal to the author and may not reflect the opinion of CFC. CFC reserves the right at its sole discretion to withdraw or amend any Publication or Information provided at any time without notice (prior or subsequent).
CFC does not in any of its Publications take into account any particular recipient’s investment objectives, special investment goals, financial situation, and specific needs and demands. Therefore, all Publications of CFC are intended for informational and/or marketing purposes only and should not be construed as:
- business, financial, investment, hedging, legal, regulatory, tax or accounting advice,
- a recommendation or trading idea, or
- any other type of encouragement to act, invest or divest in a particular manner.
(hereinafter collectively referred to as the “Recommendations”).
CFC shall not be responsible for any loss arising from any investment based on a perceived Recommendation.
Not withstanding anything to the contrary (not even if specifically stated), no Publication (including possible Recommendations) shall be construed as a representation or warranty (neither express nor implied) that the recipient will profit from trading in accordance with a trading strategy set forth in a Publication or that the recipient will not sustain losses from trading in accordance with a trading strategy set forth in a Publication.
CFC is a financial services intermediary and is engaged as a promoter/distributor of financial products & services that are on platforms provided by regulated financial entities (“Provider”). Recipients/Customers need to thoroughly read and understand all the Risk disclosures and Terms of Business and check the products & features of the Provider before investing or trading in the financial market. CFC is not liable for any loss or damage of any kind arising out of product risks. Accordingly, clients agree that they are and shall at all times be fully responsible for any Transaction they choose to enter into, and that they shall not have relied on any communication from CFC.
Trading in the products and availing to the services of the Provider, even if made in accordance with a Recommendation, may result in losses as well as in profits. In particular trading in leveraged products, such as but not limited to, currencies, shares, equities, indices, commodities, options and derivatives, can be very speculative and risky and losses and profits may fluctuate both violently and rapidly.
Trading in Financial Markets is Not Suitable for All Investors
Any mentioning, if any, in a Publication of the risks pertaining to a particular product or service may not and should neither be construed as a comprehensive disclosure nor full description of all risks pertaining to such product or service and CFC strongly encourages any recipient considering trading in financial markets to employ and continuously consult suitable financial advisors prior to the conclusion of any investment or transaction. The possibility exists that the Client could sustain a loss in excess of their deposited funds even if a stop loss is used and therefore, clients should not trade with capital that they cannot afford to lose while being aware of trading risks.
Local Regulatory Restrictions
CFC’s Publications may be accessed worldwide. The Information provided in such Publications are however only intended for use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations. None of the products and services referred to in the Publications of CFC are available to recipients residing in countries where the provision of such products and services would constitute a violation of mandatory applicable legislation or regulations.
It is the sole responsibility of any recipient/client of Provider employing or requesting service of CFC or a product of its
Provider to comply with all applicable legislation or regulation.
Use of Website or Platform
CFC shall not be liable for any damage or injury arising out of any person’s or entity’s access to, or inability to access, any website of CFC or Provider’s platform. This limitation includes, but is not limited to, any damage to computer devices, network systems caused by virus, malware, phishing and any other harmful computer or digital coding.
Consulting a website of CFC does not constitute a customer relationship and CFC shall not have any duty or incur any liability or responsibility towards any person or entity as a result of such person or entity consulting a website of CFC.
CFC may offer its Publications in a wide range of languages for the recipient’s comfort of use. In case of discrepancy between the original English text and any translation, the original English text shall prevail.
All recipients and customers of Providers are advised to carefully examine the original English text before acting upon a translation thereof. Any user who does not fully understand the original English text is strongly encouraged to contact CFC
by e-mail at firstname.lastname@example.org or by telephone at +97143562888.
CFC shall not be bound by, or liable to any recipient for, an incomplete or inaccurate translation of an original English text to another language.
When applying for an account with any Provider, each applicant will be subject to the relevant set of business terms and conditions as may be applicable between the client and the Provider which includes a KYC requirement. All applicants and clients are deemed to have read and understood the business terms and related policies applicable to them and their relationship with the Provider offered through CFC. Consulting a website or receiving a Publication of CFC does not constitute a customer relationship and CFC shall not have any duty or incur any liability or responsibility towards any person or entity as a result thereof.
Third Party Services
Persons or entities not belonging to CFC may advertise on CFC’s websites, through links, banners or otherwise. CFC shall not be held responsible or liable for the offerings, information or acts of any such third party. If a user of CFC’s websites decides to act upon any such advertising, such user does so entirely at its own risk.
Privacy and Use of Personal Data
When signing up for a demo, live account, seminars, webinars, training workshops, events, surveys, feedbacks, landing pages, campaign and any other digital forms through CFC’s website or with any Provider of CFC, they will, for administrative, commercial and/or legal purposes, require and store information about the user, including, but not limited to, name, contact details and address. Furthermore, CFC and Provider may require some financial information for completion of the KYC process, Enhanced Due Diligence needs, credit assessment purposes as well as users’ e-mail address to be able to mail the login information. Users’ e-mail addresses or other contact information will not be passed on to third parties but may be used by the Provider and CFC for formal communication, regular information, and promotion of its products and services.
CFC and Provider are obliged by law to treat personal data as confidential and do not share with an unauthorized party unless it is legally authorized or a requirement under law.
All personal data provided to or collected by CFC or Provider will only be used for servicing business relationship or in accordance with the rules and regulations of the applicable regulator or laws on privacy as applicable on CFC.
The personal data of a Client as required is for the purpose of identification of an individual. We will use and disclose personal information in such a manner as we believe is reasonably necessary to provide our services. CFC at all times comply with the Global Data Protection Regulations (“GDPR”) guidelines regarding any information that is recorded.
CFC takes all possible measures, steps and action(s) as required to avoid any loss or disclosure of information this includes updating CFC’s IT systems and ensuring a strict implementation of IT policies within the Company. However, CFC will not be liable for any loss or disclosure of such information if the same takes place on account of any cyber threat on the ‘Service Provider’ and that such events are beyond the controls of CFC and/or the protective measures already in general are not designed to protect such an outage. Any breach of GDPR guidelines by the ‘Service Provider’ will be regarded as an external force for which CFC will not be liable.
Century Financial Consultancy LLC is a Limited Liability Company incorporated under the Laws of UAE and is and is duly licensed and regulated by the Securities and Commodities Authority of UAE (“SCA”).
This disclaimer and any dispute arising from or in relation thereto, including disputes regarding its legality, validity, binding effect (including adoption) and enforceability, shall be settled by the Courts in Dubai, UAE in accordance with and subject exclusively to the laws of UAE.
Non-Independent Investment Research
Any information which could be construed as investment research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Further it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
Where there are statements contained in any of the Publication which are not historical facts, such statements could be data obtained as a result of simulated past performance or future performance based on current expectations, estimates, projections, opinions and beliefs of members of CFC. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, Publications may contain ‘forward-looking statements’. Actual events or results or actual performance may differ materially from those reflected or contemplated in such forward-looking statements. None of any opinions that may be inferred from the contents of our Publication is intended to be relied upon as advice or Recommendation of any action. They are intended merely as articulations of personal musings and speculations factually.
Risk Disclosure Statement for Trades in Currencies and other Financial Instruments (Including CFD´s, Futures and Options)
This brief statement, which constitutes an addition to these Terms, does not disclose all of the risks and other significant aspects of trading currencies, derivatives and other financial instruments. In consideration of the risks, the client should enter into transactions with the mentioned products only if they understand the nature of the contracts and the contractual legal relationship into which they are entering and the extent of their exposure to risk. The client should carefully consider whether transacting is appropriate for them in light of their experience, objectives, financial resources and other relevant circumstances.
Currencies and Derivatives
Effect of “Leverage” or “Gearing”
Transactions in currencies and derivatives carry a high degree of risk. The amount of initial margin may be small relative to the value of the currencies or derivatives contract so that transactions are “leveraged” or “geared”. A relatively small market movement will have a proportionately larger impact on the funds the clients have deposited or will have to deposit; this may work against the client as well as for them. Clients may sustain a total loss of initial margin funds and any additional funds deposited with the Providers to maintain their position. If the market moves against the position and/or Margin Requirement is increased, clients may be called upon to deposit additional funds on short notice to maintain their position. Failing to comply with a request for a deposit of additional funds, may result in closure of the position(s) by the Providers on behalf of the client and client will be liable for any resulting loss or deficit or debit balance.
Risk-reducing Orders or Strategies
The placing of certain orders (e.g. “stop-loss” orders or “stop-limit” orders), which are intended to limit losses to certain amounts, may not be adequate given that markets conditions make it impossible to execute such orders, e.g. due to illiquidity in the market. Strategies using combinations of positions, such as “spread” and “straddle”‘ positions may be as risky as taking simple “long” or “short” positions.
Variable Degree of Risk
Transactions in options carry a high degree of risk. Purchasers and sellers of options should familiarize themselves with the type of option (i.e., put or call) which they contemplate trading and the associated risks. Clients should calculate the extent to which the value of the options must increase for their position to become profitable, taking into account the premium and all transaction costs. The purchaser of options may offset or exercise the options or allow the option to expire. The exercise of an option results either in a cash settlement or in the purchaser acquiring or delivering the underlying interest. If the option is on a future, the purchaser will acquire a futures position with associated liabilities for margin (see the section on leverage or gearing above). If the purchased option is out-of-the-money when it expires, clients will suffer a total loss of their investment, which will consist of the option premium plus transaction costs. If the clients are contemplating purchasing out-of-the-money options, they should be aware that the chance of such options becoming profitable ordinarily is remote.
Selling (“writing” or “granting”) an option generally entails considerably greater risk than purchasing options. Although the premium received by the seller is fixed, the seller may sustain a loss well in excess of that amount. The seller will be liable for additional margin to maintain the position if the market moves unfavorably. The seller will also be exposed to the risk of the purchaser exercising the option and the seller will be obligated to either settle the option in cash or to acquire or deliver the underlying interest. If the option is on a future, the seller will acquire a position in a future with associated liabilities for margin (see the section on leverage or gearing above). If the option is “covered” by the seller holding a corresponding position in the underlying asset, in a future or in another option, the risk may be reduced. In case the option is not covered, the risk of loss can be unlimited.
Certain exchanges in some jurisdictions permit deferred payment of the option premium, exposing the purchaser to liability for margin payments not exceeding the amount of the premium. The purchaser is still subject to the risk of losing the premium and transaction costs. When the option is exercised or expires, the purchaser is responsible for any unpaid premium outstanding at that time.
Additional Risks Common to Currencies and Derivative Transactions
Terms and Conditions of Contracts
Clients should read and understand the terms and conditions of the Contracts entered into with the respective Providers and also the information on associated obligations (e.g. the circumstances under which clients may become obligated to make or take delivery of the underlying interest of a futures contract and, in respect of options, expiration dates and restrictions on the time for exercise). Under certain circumstances the specifications of outstanding contracts (including the exercise price of an option) may be modified by the exchange or clearing house to reflect changes in the underlying interest.
Suspension or Restriction of Trading and Pricing Relationships
Market condition (e.g. illiquidity) and/or the operation of the rules of certain markets (e.g., the suspension of trading in any contract or contract month because of price limits or “circuit breakers”) may increase the risk of loss by making it difficult or impossible to effect transactions or close/ offset positions. If clients have sold options, this may increase the risk of loss. Clients should understand such risks, and that CFC cannot be held liable for any loss on account of trading suspensions.
Normal pricing relationships between the underlying asset and a derivative do not always exist. The absence of an underlying reference price may make it difficult to judge “fair” value.
Deposited Cash and Property
Clients should familiarize themselves with the protections accorded to the Collateral deposited by way of money or other assets in domestic and foreign transactions, particularly in the event of a firm insolvency or bankruptcy. The extent to which clients may recover their money or other assets is governed by the legislation and local rules in the country at which location the Provider acts.
Commission and Other Charges
Before clients begin to trade, they should obtain a clear explanation of all commission, fees and other charges for which they will be liable. These charges will affect their net profit or loss. CFC is not responsible for any loss of a client on account of applicability of commissions.
Transactions in Other Jurisdictions
Transactions on markets in other jurisdictions, including markets formally linked to a domestic market, may expose the client to additional risk. Such markets may be subject to regulation, which may offer different or diminished investor protection. The local regulatory authority will be unable to compel the enforcement of the rules of regulatory authorities or markets in other jurisdictions where the client’s transactions have been effected.
The profit or loss in transactions in foreign currency-denominated contracts in another currency than the client’s account currency will be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to the account currency.
Most open-outcry and electronic trading facilities are supported by computer-based component systems for the order-routing, execution, matching, registration or clearing of trades. As with all facilities and systems, they are vulnerable to temporary disruption or failure. Clients ability to recover certain losses may be subject to limits on liability imposed by the system provider, the market, the clearing house and/or member firms. Such limits may vary: clients should ask the firm with which they deal for details in this respect.
Trading on an electronic trading system may differ not only from trading in an open-outcry market but also from trading on other electronic trading systems. If clients undertake transactions on an electronic trading system, they will be exposed to risks associated with the system including the failure of hardware and software. The result of any system failure may be that orders are either not executed according to client’s instructions, is not executed at all and a lack of capability to keep clients informed continuously about their positions and fulfilment of the Margin Requirement.
In some jurisdictions, Providers are permitted to effect off-exchange transactions. The Provider with which the client has opened their account with and is dealing with may be acting as counterparts to the transaction. It may be difficult or impossible to liquidate an existing position, to assess the value, to determine a fair price or to assess the exposure to risk. For these reasons, these transactions may involve increased risks. Off-exchange transactions may be less regulated or subject to a separate regulatory regime. Before the clients undertake such transactions, they should familiarize themselves with applicable rules and attendant risks.
Appropriateness Risk Assessment
Upon the opening of the client’s account, Providers carries out an assessment of their appropriateness to trade in the Financial markets and determines, based on information the client has provided to the Providers, if clients have sufficient knowledge and experience to understand the risks involved in this trading. The assessment does not relieve the clients of the need to carefully consider whether to trade or not through CFC and its Providers. If the client has been warned that trading in Financial instruments may not be appropriate for them, then the client should refrain from trading CFDs until they gain sufficient knowledge and experience. The client could for example trade on a Demo Account prior to trading them in a live environment to be sufficiently acquainted with the relevant risks incurred.
Internet Trading Risks
There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since CFC & it’s platform Provider do not control signal power, its reception or routing via Internet, configuration of the client’s equipment or reliability of its connection, CFC cannot be responsible for communication failures, distortions or delays when trading via the Internet. Provider employs backup systems and contingency plans to minimize the possibility of system failure, and trading via telephone is available during trading/business hours as communicated to clients.
CFC or Provider shall not be liable for any delay or any other interruption which may occur in presenting the data due to any reason including network (Internet) reasons or snags in the system, breakdown of the system or any other equipment, server breakdown, maintenance shutdown, breakdown of communication services or inability of CFC or Provider to present the data.
In no event shall CFC be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with any data presented by CFC or Provider.
Clients need to ensure that they always monitor the positions in their account at all times and it is the client who will be solely responsible for this. CFC are not responsible for monitoring positions on the client’s account.
Commissions & Charges
Before placing the initial trade, clients should be aware of all commissions and other charges for which they will be liable which can be obtained either by contacting their respective Relationship Manager or CFC Customer Service Department. Clients should make themselves aware of potential costs or liabilities that could ensue from that position including but not exclusively: Holding costs, Swaps, Corporate Actions such as Rights Issues, Dividends, Stock Splits etc.
In addition to Commissions and Charges, the Client shall be obliged to pay all applicable VAT and other taxes, storage and delivery charges, fees of Regulated Markets and clearing houses and all other fees incurred by the Providers in connection with any order, Contract and/or in connection with Providers maintaining the Client relationship.
The Client accepts that interest charges, commissions, brokerage fees and other costs associated with the Client’s trading activities may be extensive and may, in addition to trading losses, deplete or exceed the value of deposited Collateral and negatively affect the Client’s Account. The Client acknowledges and accepts that frequent transactions may result in a sum total of commissions, fees, price or interest/financing rate adjustments for trades conducted that may be substantial and not necessarily be offset by the net profits, if any, achieved from the relevant trades. The Client is responsible for correctly assessing whether the size of the total commissions, fees, price and/or interest/financing rate adjustments, for trades conducted on the Client’s Account, makes trading commercially viable.
Client Warranties and Representations
- The Client warrants and represents that:
- The Client has full power to enter into and perform their obligations under the Terms of the Providers (Terms), including any obligation under a Contract, order or other transaction carried out under those Terms.
- The Client has obtained all necessary consents to enter into the Terms and any Contract, place any order and carry out any other transaction under these Terms, and has the authority to operate according to these Terms (and if the Client is a legal person, that it is properly empowered and has obtained necessary corporate or other authority pursuant to its constitutional and organizational documents).
- The Client is willing and able, financially and otherwise, to assume the risk of making speculative or hedging investments.
- The information provided by the Client to CFC and the Providers is complete, accurate and not misleading in any material respect.
The above warranties and representations shall be deemed to be in force for the duration of the relationship between the Providers and the Client and shall be repeated each time the Client places an order, enters into a Contract, provides any instructions to the Providers and/or complies with any obligations under these Terms and/or any Contract.
Services offered by CFC include financial market products that are traded on margin and can result in losses that exceed deposits. Transactions or trades in the financial markets are very risky, and clients should trade only with the capital they can afford to risk or lose. Before deciding to trade on leveraged or any financial products, clients should consider their investment objectives, risk tolerance and their level of experience with these products. Trading in the financial markets carries significant risk of losses and such products may not be suitable for everyone, and clients should ensure that they understand the risks involved and seek independent advice from professionals and experts if necessary. CFC shall not be bound or liable for any transaction, result, gain or loss, in whole or in part.
Information provided through any mediums by CFC should not be regarded as a solicitation, understood to be an advice or recommendation of any sort to deal (Buy/Sell) in any investment or financial product. Trading in financial markets involves risk of sustaining losses and may not be suitable for all investors. CFC does not warrant or guarantee the accuracy, suitability or reliability of any Information and accepts no liability for any damages whatsoever arising from the usage of information contained in all our communications.
Clients should ensure that they do not disclose any sensitive or confidential information such as their account login details, credit/debit card details etc. to anyone including employees of CFC through any means. Any communication from employees of CFC regarding any alleged guarantee or return on clients trading account or investment is not authorized by CFC as such communication is not valid and no liability is assumed by CFC in this regard.
None of the content published (all Publications) or provided by CFC constitutes a recommendation that any particular security, portfolio of securities, transactions or investment insights are suitable for any specific person. Clients should not enter into transactions unless they understand the nature of the transaction and the relevant financial product, their financial position and the extent of their exposure to risk and potential loss. Trading in assets and other investments such as currencies, options, securities, commodities, debt instruments or derivatives or similar transactions has a risk of substantial loss. Clients should therefore carefully consider whether such transactions or investments are suitable for them in light of their investment objectives, financial circumstances, their tolerance to risks and their investment experience and seek independent advice from professionals and experts if necessary.
Clients acknowledge and agree that past investment performance is not indicative of the future performance results of any investment and that the information contained in any of the Publication is not to be used as an indication for the future performance of any investment activity.
The use of our Information, products and services should be on own due diligence of the clients and they agree that CFC is not liable for any failure to achieve desired return on investment that is in any manner related to availing of services or products of CFC and use of our Information, products and services. CFC cannot be held responsible for the impact of any transactional costs or taxes as may be applicable on transactions.
In receiving any of the services, Publication and Information/data from CFC, clients acknowledge and agree that there are costs & risks associated with investment activities. Moreover, clients acknowledge in receiving the publication that the responsibility to obtain and carefully read and understand the content of documents relating to any investment activity described in the publication and to seek separate, independent financial advice, if required, to assess whether a particular investment activity described in any of the publication is suitable, lies exclusively with them.
Staff members/employees of CFC may provide/present oral or written market commentary or analysis to clients that reflect opinions that are contrary to the opinions expressed in any other research or Publication and may contain insights and reports that are inconsistent with the views expressed in any of our other Publication. Neither CFC nor any of its affiliates, group companies, directors, employees, agents or representatives assume any liability nor shall they be made liable for any damages whether direct, indirect, special or consequential including loss of revenue or profits or opportunities that may arise from or in connection with the use of the Information provided in any of the Publication and related to any transaction.