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Risk & Earnings
Disclaimer

XYZ Capital provides Expert Advisors (EAs) as software tools for automated trading. This page sets out the full risk and earnings disclaimer governing the use of our products, website, associated services, and any broker referrals made through this website. Please read carefully before purchasing or using any EA or opening any broker account through links on this website.

Contents
  1. General Disclaimer
  2. Forex Trading Risks
  3. Leverage
  4. Hypothetical Results
  5. Simulated Performance
  6. Earnings Disclaimer
  7. Broker Referrals & IB
  8. EU Clients & Non-EU Brokers
  9. Third-Party Links
  10. Technology Risk
  11. Legal Compliance
  12. Acceptance
// 01

General Disclaimer

XYZ Capital is provided to you for educational and automation purposes only. XYZ Capital is not a financial services company and does not hold any financial services licence. XYZ Capital does not provide financial or investment advice, portfolio management, brokerage services, or act as a financial intermediary.

XYZ Capital does not accept any liability for loss or damage as a result of reliance on the information contained within this website, including education material, price quotes and charts, and analysis. Please be aware of the risks associated with trading the financial markets — never invest more money than you can risk losing.

The risks involved in trading are high and may not be suitable for all investors. XYZ Capital does not retain responsibility for any trading losses you might face as a result of using our Expert Advisors or any information shown on this website.

Users retain full control over their trading accounts and funds at all times. All trading activities are conducted entirely at the user's own discretion and risk. Any examples, backtests, or results shown are not a recommendation to buy or sell, or a solicitation to trade futures, options, bonds, binaries, or securities of any kind.

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Risks Associated with Forex Trading

Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.

There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and economic conditions that may substantially affect the price or liquidity of a currency.

Investments in foreign exchange speculation may also be susceptible to sharp rises and falls as the relevant market values fluctuate. The leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. Not only may investors get back less than they invested, but in the case of higher-risk strategies, investors may lose the entirety of their investment. It is for this reason that when speculating in such markets it is advisable to use only risk capital.

Moreover, there is considerable exposure to risk in any off-exchange foreign exchange transaction, including but not limited to leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or currency pair.

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Benefits and Risks of Leverage

Leverage allows traders the ability to enter into a position worth many times the account value with a relatively small amount of money. This leverage can work with you as well as against you. Even though the Forex market offers traders the ability to use a high degree of leverage, trading with high leverage may increase the losses suffered.

The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses.

Please use caution when using leverage in trading or investing. XYZ Capital EAs may operate with leverage settings that significantly amplify both gains and losses. Always review and understand your broker's margin and leverage policies before deploying any EA.
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Hypothetical Results Disclaimer

CFTC RULE 4.41(b)(1) / NFA RULE 2-29 — SIMULATED OR HYPOTHETICAL PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, THESE RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THESE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THESE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED OR HYPOTHETICAL TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE BEING SHOWN. NO REPRESENTATION IS BEING MADE THAT ANY PERSON WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
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Simulated Performance

The information that may be presented on this website is based on simulated trading using systems and Expert Advisors developed exclusively by XYZ Capital. Simulated results do not represent actual trading. Please note that simulated trading results may or may not have been back-tested for accuracy, and that spreads and commissions are not always taken into account when preparing hypothetical results.

No representation is being made that any account will or is likely to achieve profits or losses similar to those that may be shown. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown.

Be warned that there is a possibility of losing real money when trading on a live account, and the owners of XYZ Capital cannot be held accountable for any losses that may occur, including from any potential software bugs, glitches, or malfunctions in our Expert Advisors.

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Earnings Disclaimer

Trading foreign exchange on margin carries large potential rewards but also a high level of risk. You must be aware of the risks and be willing to accept them in order to invest in the foreign exchange markets. Do not trade with money you cannot afford to lose.

No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

All information on this website, or in any software and/or guide purchased from this website, is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses, as no trading system is guaranteed.

You accept full responsibility for your actions, trades, profit, or loss, and agree to hold XYZ Capital and any authorised distributors of this information harmless in any and all ways.

XYZ Capital and its owners assume no responsibility for errors, inaccuracies, or omissions in these materials. They do not warrant the accuracy or completeness of the information, text, graphics, links, or other items contained within these materials. XYZ Capital shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials.

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Broker Referrals & Introducing Broker Relationships

XYZ Capital maintains Introducing Broker (IB) relationships with certain third-party brokers, including but not limited to Vantage Markets and ICTrading. When you open a trading account via an IB link provided on this website, XYZ Capital may receive compensation from the broker in the form of rebates, commissions, or other incentives based on your trading activity.

This compensation arrangement does not affect the cost of your trading account — standard broker fees apply as per the broker's own fee schedule. However, you should be aware that XYZ Capital has a financial interest in your use of these partner brokers.

Important: XYZ Capital is not a licensed financial intermediary, investment adviser, or regulated Introducing Broker under any EU, UK, or other national financial regulatory framework. The IB relationships described on this website are commercial arrangements between XYZ Capital and partner brokers. XYZ Capital does not manage, control, or have custody of your trading funds at any time. All funds are held by and subject to the terms and conditions of the relevant third-party broker.

Before opening an account with any broker recommended or linked on this website, you should independently verify that the broker is appropriately regulated in your jurisdiction, review all applicable broker terms and conditions, and seek independent financial and legal advice if you are uncertain.

XYZ Capital accepts no liability for any losses, disputes, or issues arising from your use of any third-party broker, including but not limited to losses arising from broker insolvency, platform failure, execution issues, or regulatory action against the broker.

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EU Clients & Non-EU Broker Access

Notice to EU Residents: Certain broker partners linked from this website, including Vantage Markets, are not regulated by the European Securities and Markets Authority (ESMA) or any EU national competent authority (NCA) under MiFID II or equivalent EU financial regulation. EU residents are not permitted under EU law to be actively solicited or marketed to by unregulated offshore brokers.

XYZ Capital does not, and does not intend to, solicit, market, or direct EU residents to open accounts with non-EU-regulated brokers. Any links to non-EU-regulated brokers provided on this website are made available solely for the benefit of non-EU / international clients.

If you are a resident of a European Union member state and you choose to click on a link to a non-EU-regulated broker (such as Vantage Markets) and subsequently open a trading account with that broker, you do so entirely:

Under Article 42 of MiFID II and equivalent national implementing legislation, EU residents may access the services of non-EU-regulated firms on their own initiative, without any solicitation on the part of that firm. By proceeding to open an account with a non-EU-regulated broker via this website, you confirm and acknowledge that you have approached XYZ Capital of your own free will and initiative, without any direct or indirect marketing or solicitation on the part of XYZ Capital directed at you as an EU person.

XYZ Capital makes no representation as to whether accessing the services of a non-EU-regulated broker is lawful in your specific EU member state. It is your sole responsibility to verify compliance with applicable laws in your jurisdiction before opening any such account. XYZ Capital strongly recommends that EU residents seek independent legal advice before opening an account with a non-EU-regulated broker.

XYZ Capital accepts no liability whatsoever for any losses, regulatory consequences, or legal claims arising from an EU resident's use of a non-EU-regulated broker accessed via this website, regardless of the legal basis under which such access is permitted in the relevant jurisdiction.

ICTrading is available to EU-based clients and operates in a regulatory capacity appropriate for EU residents. EU clients who wish to use an IB-referred broker are strongly encouraged to open an account with ICTrading rather than Vantage Markets.
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Third-Party Links

Links to third-party sites are provided for your convenience. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. XYZ Capital neither endorses nor guarantees offerings of third-party providers, nor is XYZ Capital responsible for the security, content, or availability of third-party sites, their partners, or their advertisers.

Any opinions, news, research, analyses, prices, or other information contained on this website or linked from it are provided as general market commentary and do not constitute investment advice. XYZ Capital is not liable for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

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Technology Risk

There are risks associated with utilising an internet-based trading system, including but not limited to the failure of hardware, software, and internet connection. XYZ Capital Expert Advisors run on the MetaTrader 5 (MT5) platform hosted by third-party brokers. XYZ Capital has no control over these platforms and accepts no liability for losses arising from platform failure, connectivity issues, broker-side execution problems, or any interruption to trading activity.

While every effort is made to ensure the accuracy and reliability of our Expert Advisors, XYZ Capital cannot accept responsibility for any errors or omissions. We therefore strongly recommend that users thoroughly test all EAs on a demo account before deploying on a live account, and seek independent financial advice before committing real capital.

XYZ Capital has taken reasonable measures to ensure the accuracy of the information on the website. Our content is subject to change at any time without notice.

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Acceptance of Disclaimer

The use of this website and/or its contents constitutes full acceptance of this disclaimer in its entirety. All rights reserved.

By purchasing or downloading any XYZ Capital Expert Advisor, you confirm that you have read, understood, and agreed to this Risk & Earnings Disclaimer, and that you are aware of and accept the risks associated with automated forex trading.

By clicking on any broker referral link on this website, you additionally confirm that you have read and understood the broker referral and EU client sections of this disclaimer, and that you accept all associated risks and responsibilities.

If you do not agree with any part of this disclaimer, please do not use this website or purchase any of our products. For any questions or concerns regarding this disclaimer, please contact us directly.

Last updated: May 2025 · XYZ Capital · All rights reserved.