This notice provides you with information about the risks associated with investment products, in which you may invest, through services provided to you by Prime Core Axis Group entities.
Investment products offered by Prime Core Axis include stocks, Exchange-Traded Funds (ETFs) and cryptocurrencies, in which you gain ownership of the underlying asset. In addition, Prime Core Axis offers contracts for differences (CFDs) that offer exposure to currencies, commodities and indices.
Any transactions relating to stocks, ETFs or cryptocurrencies in which Prime Core Axis offers you leverage (which is not currently available for cryptocurrencies) or allows you to enter into short transactions, and/or some copy trading transactions (including CopyPortfolios), shall be considered CFD transactions.
Prime Core Axis also offers investors the opportunity to buy the underlying cryptocurrencies, stock or ETFs (i.e., BUY transactions for said assets using leverage 1) hold such assets and subsequently sell such assets. All transactions relating to cryptocurrencies are subject to the Cryptocurrencies Trading Addendum (“Cryptocurrencies Trading Addendum”).
Since Cryptocurrency markets are decentralised and non-regulated, our Cryptocurrencies Trading Services are unregulated services which are not governed by any specific European regulatory framework (including MIFID). Therefore, when Prime Core Axis (Europe) Ltd. customers use our Cryptocurrencies Trading Service, they will not benefit from the protections available to clients receiving regulated investment services such as access to the Investor Compensation Fund for Customers of Cypriot Investment Firms and the UK Financial Ombudsman Service for dispute resolution.
Prime Core Axis (Europe) Ltd. customers will continue to benefit from the rules relating to best execution and client money and safekeeping of client assets. Prime Core Axis (UK) Ltd. customers using the Cryptocurrencies Trading Service only will not benefit from the protections available to clients receiving regulated investment services such as access to the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service for dispute resolution. We will endeavour to enable you to benefit from rules relating to best execution and safekeeping of client assets.
All of these products carry a high degree of risk and are not suitable for many investors. This notice provides you with information about the risks associated with these products, but it cannot explain all of the risks nor how such risks relate to your personal circumstances.
If you are in doubt, you should seek professional advice. It is important that you fully understand the risks involved before deciding to trade with Prime Core Axis, that you have adequate financial resources to bear such risks and that you monitor your positions carefully. Trading involves risk to your capital. You should not invest money that you cannot afford to lose; however, you cannot lose more than the equity in your account.
NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THE TERMS AND CONDITIONS AND/OR THIS GENERAL RISK DISCLOSURE, FRENCH RESIDENTS SHALL BE ELIGIBLE TO INTRINSIC PROTECTION. ACCORDINGLY AND INDEPENDENTLY OF MARKET VOLATILITY, THEIR MAXIMUM LOSS WITH RESPECT TO EACH TRANSACTION SHALL BE THE TOTAL AMOUNT INVESTED IN SUCH TRANSACTION, AS UPDATED BY SUCH USER FROM TIME TO TIME.
CFD stands for “Contract For Difference,” meaning you are not buying the underlying asset, but rather purchasing a contract to settle the difference in the initial and ending price of the asset. When trading CFDs, you generally trade on margin, which means you only have to deposit a small percentage of the overall value of your position. This is known as “Leverage,” and even small market movements may have a great impact, negative or positive, on your trading account.
If the market moves against you, you may sustain a total loss greater than the funds invested in a specific position. You are responsible for all losses in your account up to the equity in your account.
Before deciding to trade on margin, you should carefully consider your investment objectives, level of experience, and risk appetite. Our CFDs are not listed on any exchange. CFDs involve greater risk than investing in on-exchange products, as market liquidity cannot be guaranteed and it may be more difficult to liquidate an existing position.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
CFDs are not suited to the long-term investor. If you hold a CFD open over a long period of time, the associated costs increase (such as overnight fees), and it may be more beneficial for you to buy the underlying asset instead.
Before we open an account for you, we are required to assess whether the product(s) and/or services you have chosen are appropriate for you and to warn you if, based on the information you provide, any product or service is not appropriate. If you decide to continue and open an account with us, you confirm that you are aware of and understand the risks.
You must ensure that you are able to monitor positions on your account at all times, as you are solely responsible for this. We are not responsible for monitoring positions on your account.
Prime Core Axis offers Social Trading Features. In making a decision to copy a specific trader or follow a particular strategy, you must consider your entire financial situation, including financial commitments. Social Trading is highly speculative and you could sustain significant losses exceeding the amount used to copy a trader.
Cryptocurrency markets are decentralised and non-regulated, meaning there is no central authority protecting their value. Prices are highly volatile and determined by supply and demand only. In the worst-case scenario, a cryptocurrency could become worthless.
Cryptocurrency trading is prone to misuse for illegal activities due to transaction anonymity. You should never invest funds that you cannot afford to lose.
Blockchain is an independent public peer-to-peer network not controlled by Prime Core Axis. We are not responsible for any failure, error, or breach occurring within the blockchain system.
Prime Core Axis does not own or control the underlying software protocols governing cryptocurrencies. These protocols are open-source and may be subject to sudden changes (“Forks”), which may materially affect the value or functionality of a cryptocurrency.
We may execute orders or hold funds via third parties. If a third party fails or goes out of business, there may be no specific legal protection covering your losses.
System errors, hardware failures, cyber-attacks, and other technological risks may result in delayed or failed orders. You acknowledge the risks associated with Internet-based trading systems.
Our fees and charges are set out on our website under the ‘Fees’ section. All costs and charges will affect your profitability.
Any opinions, news, research, analyses, prices, or other information provided on this website constitute general market commentary and do not constitute investment advice.
Investing in SPACs carries different risks compared to traditional stocks. SPACs are shell companies at the time of listing and do not have an underlying operating business. There is no guarantee of successful acquisition, and you may not recover some or all of your investment.