Legal

Risk Disclosure

Alpexa FX — an Alpexa Suisse company · Last updated 8 July 2026

Trading foreign exchange (FX) and Contracts for Difference (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your objectives, financial situation, needs and level of experience. There is a possibility that you could sustain a loss of some or all of your invested capital, and therefore you should not invest money that you cannot afford to lose. A significant number of retail client accounts lose money when trading CFDs. You should seek independent advice if you have any doubts.

This Risk Disclosure is provided to help you understand the risks associated with the products and services offered by Alpexa FX ("Alpexa", "we", "us"). It does not disclose all of the risks and other significant aspects of trading leveraged products. You should not deal in these products unless you understand their nature and the extent of your exposure to risk.

1.Leverage and margin

FX and CFDs are traded on margin, meaning a relatively small deposit controls a much larger position. A small movement in the underlying market can lead to a proportionately much larger movement — for or against you — in the value of your position. Positions may be liquidated automatically once your account no longer holds sufficient margin (a "stop-out"), potentially resulting in the loss of your entire deposit. You are responsible for monitoring your positions and margin at all times.

2.Products are complex and speculative

CFDs are complex, over-the-counter (OTC) derivative instruments. You do not own or have any rights to the underlying asset; you are speculating on price movements. These products are intended for short-term trading and active management, and are not suitable as long-term investments or for anyone unable to bear the loss of their entire investment.

3.Market volatility, gapping and slippage

Financial markets can move rapidly and unpredictably. Prices may "gap" — moving sharply from one level to another with no trading in between — particularly around news events, market opens or periods of low liquidity. As a result:

Orders (including stop-loss orders) may be executed at a price worse than requested ("slippage"). Stop-loss orders are not guaranteed.
Losses can exceed the level at which you intended to close a position.
Spreads may widen and execution may be delayed during volatile conditions.

4.Currency and interest-rate risk

Where a product is denominated in a currency other than your base currency, movements in exchange rates will affect your profit and loss. Holding leveraged positions overnight may incur financing charges (swaps), which can be positive or negative and change over time.

5.Costs, spreads and fees

Every trade is subject to a dealing spread and may be subject to commissions and swap/financing charges. These costs reduce your net result and, on frequently traded or long-held positions, can be significant. You are responsible for understanding all applicable costs before trading.

6.Execution and technology risk

Trading is carried out electronically. Internet connectivity, software, hardware or third-party service failures may prevent orders from being executed as instructed, delay execution, or cause prices to be unavailable. We are not liable for losses arising from events outside our reasonable control.

7.Counterparty and liquidity risk

When you trade OTC products you are dealing with Alpexa and, indirectly, our liquidity providers rather than on a centralised exchange. Your ability to open, close or offset a position depends on the availability of a market and quotes at that time.

8.No investment advice

Unless expressly agreed in writing, Alpexa does not provide investment, tax or legal advice, and no communication or information from us should be construed as a recommendation to enter into any transaction. Any market commentary, tools, research or educational material is general in nature and does not take account of your individual circumstances.

9.Past performance

Past performance of any instrument, strategy, account or market is not a reliable indicator of future results. Simulated or hypothetical results have inherent limitations and do not represent actual trading.

10.Your responsibility

You are solely responsible for your trading decisions and for assessing whether these products are appropriate for you in light of your circumstances, knowledge and risk appetite. If you are in any doubt, you should seek advice from an independent financial adviser before trading.

This document is provided for information only and is subject to change. It should be read together with our Terms & Conditions and any other legal documents made available to you. If any translated version conflicts with the English version, the English version prevails. Trading involves risk of loss.