Legal
24X Bermuda Risk Disclosures
Investment in foreign exchange (FX) and digital assets (Crypto) is speculative and not suitable for all potential investors. These materials are intended for experienced and sophisticated investors who are willing to bear the high economic risk of any investment, including complete loss of capital.
FX and NDFs
This materials contained on the 24X Bermuda Limited (24X) website is for informational and marketing purposes only and should not be construed as an opinion as to whether you should enter into any over-the-counter derivative transactions or engage in any related trading strategy. It is important that you (or anyone exercising discretion on your behalf) understand the risk of loss prior to entry into each transaction, regardless of any prior experience in financial transactions.
Additionally, trading FX carries a high level of risk, and may not be suitable for all investors. There is no assurance that the transaction will provide you with a positive or anticipated return, that any such returns will be consistent with past performance or such transaction will achieve your desired hedging objectives.
Crypto
The trading of real or digital currencies involves significant risk. Prices can and do fluctuate constantly. Due to such price fluctuations, you may increase or lose value in your assets at any given moment. Any currency (digital or not) may be subject to large swings in value and may even become worthless. There is an inherent risk that losses will occur as a result of buying, selling or trading anything on a market.
The trading of digital assets also has special risks not generally shared with official currencies. Unlike most currencies which are backed by governments or other legal entities, digital assets are unique types of assets, backed by technology and trust. They are largely an unregulated global system of firms and individuals. There is no central bank that can issue more currency or take another corrective measure to protect the value of digital assets in a crisis.
The trading of digital assets may be susceptible to irrational (or rational) bubbles or loss of confidence, which could collapse demand relative to supply. For example, confidence might collapse in digital assets because of unexpected changes imposed by software developers or others, a government crackdown, the creation of superior competing alternative currencies, or a deflationary or inflationary spiral. Confidence might also collapse because of technical problems. In addition, the prices of digital assets may also be susceptible to market manipulation.
Due to these factors, among others, the already high volatility of the value of digital assets may increase even further, elevating the potential of trading gains and losses. You should carefully assess whether your financial situation and tolerance for risk is suitable for buying, selling or trading digital assets. Any decision to purchase or sell digital assets is solely your decision and 24X shall not be liable for any loss suffered. You should undertake digital assets transactions only if you understand the potential risks of such transactions and agree to a potential high exposure to risks.
24X makes no representation or warranty of any kind, express or implied, statutory, or otherwise, regarding the blockchain functionality or security. There may be additional risks to FX and Crypto trading that were identified in this risk warning. 24X does not represent that the information contained in this disclaimer is accurate, exhaustive, or comprehensive. If you have any questions or doubts regarding the merits of your potential digital asset trading, you should seek the advice of an independent financial advisor.
Additional Information
You must carefully review each transaction’s particular structure, including any legal agreements related thereto (and other information incorporated by reference) in consultation with your own legal, financial, tax or accounting advisors. We are not providing you with legal, financial, tax, accounting, or other advice in connection with any transaction.
There are also risks associated with utilizing an internet-based deal-execution trading system including, but not limited to, the failure of hardware, software, and internet connection. Since 24X does not control your signal power, its reception or routing via the internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the internet.