1. The risk disclaimer is to inform the Client of the high potential financial risks of engaging in foreign exchange trading. The transaction of such financial instruments known as forex, fx, foreign exchange or currency and dealt on a valued basis known as 'spot' or 'forward' can contain a very substantial degree of risk. The Client should carefully consider his/her/its investment objectives, level of experience and risk appetite. Before deciding to undertake such transactions with Mandus Invest SA, a client should carefully evaluate whether his/her/its financial situation is appropriate.

2. Trading foreign exchange may result in substantial loss of funds and/or complete loss of funds and therefore should only be undertaken with risk capital. The definition of risk capital is funds that are not necessary to the survival or well being of the user.

3. There is a considerable exposure to risk in any foreign exchange transaction. Any transaction involving foreign currencies is exposed to risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Moreover, the leveraged nature of forex trading means that any market movement will have an equally proportional effect on the deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call within 24 hours, your position will be liquidated and you will be responsible for any resulting losses. Investors may lower their exposure to risk by employing risk-reducing strategies such as 'stop-loss' or 'stop-limit' orders as set out above.

4. This brief statement of risk cannot cover all risks involved in forex trading activities, and the client is responsible for ascertaining what risks exist, and how to mitigate, reduce or avoid them.

General Warning

This site is not intended for distribution to, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in this website are available to persons resident in any country where the provision of such services or investments would be contrary to local law or regulation.

The information on this website is provided solely to enable you to make your own investment decisions and should not be regarded as a recommendation to buy, sell or otherwise deal with forex, or any particular investment.

General investments in derivatives and foreign exchange involve a high degree of risk and may not be suitable for all investors. The price and value of any investments and the income, if any, from them can fluctuate and may fall. You may get back less than the amount invested. If you have any doubts as to the suitability of these investments you should seek advice from an independent financial advisor.

The news, prices, opinions, research, analysis and other information about forex and other financial instruments on this website are from sources believed to be reliable but are subject to change without notice. Neither we nor any of our associates make any representation as to the completeness or accuracy of the information nor do we accept any liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance by you on such information.

Any research and/or analysis contained on this website has been procured by us and may have been acted upon by us for our own purposes and has not been procured for the exclusive benefit of customers.

You should be aware that the Internet is not a completely reliable transmission medium. Neither we nor any of our associates accept any liability for any loss or damage, including without limitation loss of profit, which may arise directly or indirectly from your inability to access the website for any reason or for any delay in or failure of the transmission or the receipt of any instructions or notification sent through this website. There are also risks associated with utilising an internet-based deal execution software application including, but not limited, to the failure of hardware and software.

The content of this website is the property of Mandus Invest SA or its licensors and is protected by copyright and other intellectual property laws. You agree not to reproduce, re-transmit or distribute the content of this website to anyone without the prior written consent of Mandus Invest SA.

Mandus Invest (July, 2006 )