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This notice is provided by Revolut Securities Inc. (<b>“we”</b> or <b>“Revolut”</b>) | |
and provides you with important information about the risks associated | |
with the services we provide to you. Unless otherwise defined here, | |
capitalized terms have the same meaning as in the agreement detailing | |
how we will provide our dealing services to you.<br><br> | |
Revolut provides clients with the ability to buy and sell | |
various Instruments made available via the Revolut App. Before using | |
your Revolut App to submit Orders in relation to Instruments, you should | |
consider whether you have understood the risks detailed in this notice. | |
If you have any questions or are in any doubt about the content of this | |
notice, you should seek appropriate professional advice.<br><br> | |
<b>Trading financial instruments involves an element of risk. | |
The value of your investment may fall as well as rise and you may get | |
back less than your initial investment, and in some cases you may lose | |
your entire initial investment. Past performance of an Instrument is not | |
an indication of its future performance.</b><br><br> | |
<b>No Advice</b><br><br> | |
We provide an “execution only” service, meaning that we will not | |
offer you any advice or provide you with any recommendations regarding | |
the suitability of any particular Instrument. While we may from time to | |
time provide you with factual information about Instruments, this | |
information is not, and should not be interpreted as, advice, and any | |
decision to submit Orders is made solely by you. | |
<br><br> | |
<b>Insolvency Risk</b><br><br> | |
Where your Instrument is a share in a company, you own a portion | |
of the issuing company’s share capital, with your ownership interest | |
determined by the number of shares you own as a percentage of the total | |
issued share capital of that company. You should be aware that the | |
insolvency of a company may drastically reduce the value of its shares, | |
potentially risking the loss of your entire investment. Ordinary | |
shareholders rank lowest in the order of priority in the event of an | |
insolvency, meaning the company may have exhausted the value of its | |
available assets in paying other creditors by that time it comes to | |
paying its shareholders, increasing the risk that shareholders will not | |
receive any money from the company for their shares. | |
<br><br> | |
<b>Volatility Risk, Market Fluctuations and Monitoring your Positions</b><br><br> | |
We do not provide, nor can we control, the prices for the | |
Instruments you may buy or sell via the Revolut App. The market price of | |
Instruments is influenced by a broad array of factors and can change | |
rapidly and unexpectedly, meaning the value of those Instruments, and | |
your related profits and losses on your Positions, can also change | |
rapidly and unexpectedly. Amongst other things, prices of Instruments | |
can be subject to gapping (where the price of the Instrument opens | |
significantly above or below the previous day’s closing price) and | |
slippage (where the price an Instrument is executed at is different to | |
the price to that which was quoted at the time the Order was submitted), | |
especially in periods of market volatility.<br><br> | |
You have the sole responsibility of monitoring the value of your | |
Positions you hold and you should ensure that you can access the | |
Revolut App on an ongoing basis so as to do this. | |
<br><br> | |
<b>Liquidity Risk</b><br><br> | |
The Instruments made available via the Revolut App are all | |
admitted to trading on an underlying market, and in the event that you | |
wish to sell your Instruments, a corresponding buyer of those | |
Instruments must be found in the underlying market. While certain | |
Instruments can be very liquid, you should be aware that others, such as | |
the shares of smaller companies or of companies located in other | |
geographies or territories, can be less liquid and it is not guaranteed | |
that there will be a buyer for your Instruments. In some circumstances, | |
such as instances of market volatility or where trading in a particular | |
Instrument or on a particular underlying market has been suspended or | |
otherwise restricted, it may not be possible to find a buyer for your | |
Instruments, meaning you will not be able to liquidate your Positions. | |
<br><br> | |
<b>Technical Risks</b><br><br> | |
While we will try to make the Revolut App available to you | |
without interruption, we cannot guarantee that the Revolut App will | |
always be available to you. In these circumstances, your Orders may not | |
be able to be submitted and you may not be able to monitor your | |
Positions via the Revolut App. | |
<br><br> | |
<b>Tax</b><br><br> | |
You should be aware that various tax regimes may apply to your | |
trading in Instruments depending on your personal tax status and the | |
rules and regulations in force from time to time. You have the sole | |
responsibility of determining the relevant tax impact to your trading | |
and you should consult an appropriate professional advisor if you have | |
any questions or doubts in this regard. | |
<br><br> | |
<b>Financial Resources</b><br><br> | |
You should ensure that you have appropriate financial resources | |
to engage in the buying and selling of Instruments, and that you have | |
the ability to bear any losses that may arise from your trading | |
activity. You should not rely on being able to generate profits in order | |
to pay down or relinquish any credit or financing you have arranged for | |
the purposes of buying and selling Instruments. | |
<br><br> | |
<b>Legal and Regulatory Changes</b><br><br> | |
Changes to current legislation and regulations could give rise | |
to changes in the price of Instruments, which could impact your profits | |
or losses. The impact of such legal and regulatory changes can be | |
material and unexpected, and may impact certain companies, markets and | |
jurisdictions more than others. | |
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