Effect of Leveraged Trading
Spot Forex Transactions carry a high degree of risk. The amount of initial margin is small relative to the value of the Spot Forex Contract so that transactions are "leveraged" or "geared". A margin deposit of $2,000 can control a market value of approximately up to $100,000. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit; this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. Given the possibility of losing a substantial investment, trading funds should only consist of risk capital or funds that an individual or an institution can afford to lose.

Off-exchange Transaction
Spot Forex Transactions are not conducted on organized futures exchanges. The firm with which you deal may be acting as your counter party to the transaction. It may be difficult or impossible to liquidate an existing position, to assess the value, to determine a fair price or to assess the exposure to risk. For these reasons, these transactions may involve increased risks. GFS Forex & Futures, Inc. may, from time to time, execute transactions as your agent on the foreign exchange market to trade currencies pursuant to an agreement between the agent and GFS FOREX & Futures, Inc., and that a trade executed with one bank may be offset by a trade by another banking agent.

Market Opinions Expressed by Representative
Any opinions expressed by introducing brokers of GFS Forex & Futures, Inc. as to the future direction of prices of specific currencies do not necessarily represent those of GFS, and are not guaranteed in any way by GFS. In no event shall GFS have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in response to the trading recommendations of GFS' authorized introducing brokers.

GFS is responsible for the accuracy of the information provided on this site; however users should be aware that prices and facts change on a moment by moment basis. Therefore, as information, facts and prices may be obsolete when read, users are encouraged to verify all information and price quotations on this site before taking any action in reliance thereon, and you agree not to hold GFS and its affiliated introducing brokers liable for any trading decision based on the information provided on this site.