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Risk Disclosure

Investment involves risk. You should carefully consider whether any investment product or service mentioned herein is appropriate for you in view of your personal circumstances including financial position, investment experience and objective. Past performance is no guide to future performance. Investors should carefully consider the details and risks involved before making any investment decision and should seek independent professional advice when necessary. The price of investment products may move up or down. Losses may be incurred as well as profits made as a result of buying and selling investment products.


1. Risk of securities trading

(a)

The prices of securities may fluctuate, and the price of any particular securities may go up and down, and in some cases may even become valueless. Risks are inherent in securities trading, and sometimes losses will occur instead of making profit.

(b)

Individual securities may be illiquid, and customers are not necessarily able to complete securities transactions in the specified number.

(c)

Different types of securities also have different risks according to their structure and characteristics; therefore, customers are advised to have a detailed understanding of product features before investment, and to seek professional advice when necessary.

(d)

Securities trading needs to take risks incurred due to unexpected events, such as the suspension of securities, major transactions, judicial proceedings and corporate behaviours, all of which are likely to affect securities prices and liquidity.


2. Risk of trading futures and options

The risk of loss in trading futures contracts or options is substantial. Under certain circumstances, you may sustain losses in excess of your initial margin funds. Placing contingent orders, such as "stop-loss" or "stop-limit" orders, will not necessarily avoid losses. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your account. You should therefore study and understand futures contracts and options before you trade and carefully consider whether such trading is suitable in the light of your own financial position and investment objectives. If you trade options you should inform yourself of exercise and expiration procedures and your rights and obligations upon exercise or expiry.


3. Risk of online trading

(a)

Because of the characteristics of the Internet and its inherent risks, when using the Internet to carry out transactions or communications, interruptions may occur and transmission may be cancelled or delayed due to various factors, or errors may occur in data transmission due to the public nature of the Internet or otherwise.

(b)

When dealing through the electronic trading system, customers will take the risks associated with the electronic system, including the risk of hardware and software failures, and as the consequence of any system failure, customers' instructions may not able to be executed as instructed or may not be executed at all.

(c)

Customers should ensure that their computers have been equipped with adequate software and hardware to prevent their online transaction information from being stolen or leaked as a result of malicious or computer virus intrusions into their computers.

(d)

Your password is very important and therefore you should keep it safe. TF International is not responsible for unauthorized access to your Internet trading account due to your failure in safeguarding the password.

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