Risk Disclosure

1. Trading in financial markets involves substantial risk. XAUFUNDED accounts are simulated, but simulated results can differ materially from live results and do not capture the financial, psychological, liquidity, execution or slippage risks of real trading.

2. You can lose the full program fee and may receive no reward. Most participants in trading evaluations do not receive a reward. Only spend money you can afford to lose.

3. Gold (XAUUSD) and the other instruments available in the simulated environment, including forex, silver, platinum, indices, oil, crypto and selected stocks, are volatile. They can move sharply around economic news, central bank decisions, company events, geopolitical events and market opens. Crypto and some other instruments can move outside normal market hours. Leverage varies by instrument and phase and is shown in the Program Rules. Higher leverage means a small price move has a larger effect on your simulated balance. Rules such as daily and maximum loss limits can be breached quickly, including by floating losses on open positions.

4. Do not rely on a simulated result as evidence that you will be profitable in a live market, and do not borrow money or use money needed for essential expenses to buy a program.

5. Nothing on the website, in our education or in our communications is personalised investment, financial, legal or tax advice. Consider independent professional advice where appropriate.

6. You are responsible for understanding the Program Rules and for complying with the laws, including tax laws, that apply to you.