Risk Disclosure
Last updated on January 1, 2025.
Risk Disclosure Statement
**Effective Date:** November 14, 2025
**Last Updated:** November 14, 2025
**Version:** 1.0
Important Notice
**PLEASE READ THIS RISK DISCLOSURE STATEMENT CAREFULLY BEFORE USING THE OPES BORSA APPLICATION OR MAKING ANY TRADING OR INVESTMENT DECISIONS.**
This Risk Disclosure Statement is an integral part of our End User License Agreement (EULA) and Terms & Conditions. By using the Opes Borsa mobile application, you acknowledge that you have read, understood, and accepted the risks described in this document.
1. Comprehensive Risk Warning
1.1 Nature of Financial Risks
**Trading in financial instruments and/or cryptocurrencies involves high risks, including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.**
You acknowledge and agree that:
- **Capital Loss Risk:** You may lose your entire invested capital. There is no guarantee that you will recover your initial investment, let alone make a profit.
- **Volatility Risk:** Financial markets are inherently volatile and unpredictable. Past performance is not indicative of future results.
- **Suitability:** Trading and investing may not be suitable for all investors, particularly those with limited experience, low risk tolerance, or insufficient financial resources to absorb losses.
- **Personal Responsibility:** All trading and investment decisions are made at your sole discretion and risk. You are solely responsible for evaluating the merits and risks of any investment.
1.2 Extreme Price Volatility
**Prices of financial instruments and/or cryptocurrencies are extremely volatile and may be affected by external factors such as:**
**Financial Events:**
- Economic data releases (GDP, employment, inflation, retail sales, manufacturing indices)
- Central bank monetary policy decisions (interest rate changes, quantitative easing, balance sheet adjustments)
- Corporate earnings reports and profit warnings
- Corporate actions (mergers, acquisitions, bankruptcies, restructurings, dividend announcements)
- Credit rating changes and sovereign debt concerns
- Financial institution failures and systemic banking crises
- Macroeconomic trends (recessions, expansions, stagflation, deflation)
**Regulatory Events:**
- Changes in financial regulation and securities laws
- New compliance requirements imposed by regulatory authorities (FCA, SEC, ESMA, etc.)
- Tax policy changes affecting investments (capital gains tax, transaction taxes, withholding taxes)
- Cryptocurrency regulations and legal status changes
- Accounting standard changes (IFRS, GAAP modifications)
- Insider trading enforcement actions and market abuse investigations
- Sanctions and anti-money laundering (AML) requirements
**Political Events:**
- National and international elections and referendums
- Geopolitical tensions and international conflicts
- Trade wars, tariffs, and protectionist policies
- Sanctions, embargoes, and export controls
- Military conflicts, terrorism, and civil unrest
- Brexit and other regional integration/disintegration events
- Changes in government leadership and policy priorities
- Political instability and regime changes
**Market Sentiment and Psychology:**
- Investor psychology, fear, and greed cycles
- Herd behavior and momentum trading
- Market manipulation and coordinated trading activity
- Speculation and speculative bubbles
- Panic selling and flight to safety
- Media narratives and social media influence
- Technical analysis and chart pattern self-fulfilling prophecies
**Technological Disruptions:**
- Cybersecurity breaches and hacking incidents
- Exchange outages and trading platform failures
- Blockchain forks and protocol changes (for cryptocurrencies)
- High-frequency trading (HFT) and algorithmic trading impact
- Technology company disruptions and innovations
- Data breaches compromising market-sensitive information
- Technological obsolescence of business models
**Liquidity Events:**
- Flash crashes and sudden market dislocations
- Circuit breakers and trading halts triggered by volatility
- Extreme bid-ask spreads during low liquidity periods
- Market gaps (price jumping between levels without trading in between)
- Illiquid markets where you cannot exit positions at desired prices
- Forced liquidations and margin cascades
- End-of-day/month/quarter position squaring by institutional investors
1.3 Margin Trading Risks
**Trading on margin increases financial risks substantially.**
Margin trading involves borrowing funds from a broker to trade financial instruments, using your existing holdings as collateral. This leverage amplifies both potential gains and potential losses.
**Specific Margin Trading Risks:**
**Leverage Amplification:**
- Leverage amplifies both gains and losses. A 10% adverse price movement on a 10x leveraged position results in a 100% loss of your capital.
- Small price fluctuations can result in disproportionately large losses.
- Your losses can exceed your initial margin deposit.
**Losses Exceeding Initial Investment:**
- You can lose more money than you initially invested or deposited as margin.
- You may be required to deposit additional funds to cover losses, even if you no longer hold the position.
- In extreme cases, you may owe your broker more than your account balance (negative balance).
**Margin Calls:**
- If the value of your positions declines, your broker may issue a margin call requiring you to deposit additional capital immediately.
- Failure to meet a margin call may result in forced liquidation of your positions.
- Margin calls can occur without warning, especially during periods of extreme volatility.
- You may be required to deposit funds even outside of market hours, and failure to do so can result in liquidation.
**Forced Liquidation:**
- If your account falls below the minimum margin requirement, your broker may liquidate your positions without notice or consent.
- Forced liquidations typically occur at unfavorable prices, often during periods of high volatility when prices are least favorable.
- You remain liable for any losses incurred, even after forced liquidation.
- Liquidation may occur in a cascading fashion, where selling one position triggers margin calls on others.
**Interest Charges and Financing Costs:**
- Margin trading incurs interest charges on borrowed funds, which accumulate daily.
- Financing costs reduce your overall returns and can turn a small profit into a net loss.
- Interest rates may change without notice, increasing your borrowing costs.
**Suitability Warning:**
- Margin trading is **not suitable** for inexperienced investors, risk-averse individuals, or those who cannot afford to lose their entire investment and potentially more.
- Only trade on margin if you fully understand the risks and have sufficient financial resources to absorb substantial losses.
2. Investment Suitability and Due Diligence
2.1 Self-Assessment Required
**Before deciding to trade in financial instruments or cryptocurrencies, you should be fully informed of the risks and costs associated with trading the financial markets.**
You must conduct a thorough self-assessment to determine whether trading is appropriate for your individual circumstances.
2.2 Understanding the Risks
**Be fully informed of the risks and costs associated with trading the financial markets, including but not limited to:**
**Market Risk (Price Fluctuations):**
- The risk that the value of your investments will decline due to market movements.
- Applies to all asset classes: equities, bonds, commodities, currencies, cryptocurrencies.
- Can result in partial or total loss of invested capital.
**Liquidity Risk (Inability to Exit Positions):**
- The risk that you cannot buy or sell assets quickly at a fair price.
- Low liquidity can result in wide bid-ask spreads and unfavorable execution prices.
- You may be unable to exit losing positions, resulting in larger losses than anticipated.
- Certain assets (small-cap stocks, exotic currencies, some cryptocurrencies) are inherently less liquid.
**Counterparty Risk (Broker or Exchange Default):**
- The risk that your broker, exchange, or custodian fails to meet its obligations.
- Broker bankruptcies can result in loss of funds or inability to access your assets.
- Exchange hacks or insolvencies (particularly in cryptocurrency markets) can result in total loss of deposited funds.
- While many jurisdictions offer investor protection schemes (e.g., FSCS in the UK), coverage is limited and may not fully compensate you.
**Operational Risk (Technical Failures, Errors):**
- The risk of losses due to system failures, technical glitches, or human error.
- Trading platform outages can prevent you from executing trades or managing positions during critical market moments.
- Erroneous trades (fat-finger errors, incorrect order entry) can result in unintended positions and losses.
- Cybersecurity breaches can compromise your account and funds.
**Currency Risk (Foreign Exchange Fluctuations):**
- If you invest in foreign assets, you are exposed to exchange rate fluctuations.
- A favorable investment return in a foreign currency can be eroded or turned into a loss when converted back to your home currency.
- Currency markets are highly volatile and influenced by macroeconomic factors.
**Regulatory Risk (Changes in Laws Affecting Investments):**
- Changes in laws, regulations, or tax policies can adversely affect your investments.
- Governments may impose capital controls, transaction taxes, or restrictions on foreign investment.
- Regulatory changes can render certain investments illegal or unviable (e.g., cryptocurrency bans in certain jurisdictions).
**Systemic Risk (Broader Market or Economic Collapse):**
- The risk of widespread financial system failure affecting multiple markets and asset classes simultaneously.
- Systemic crises (e.g., 2008 financial crisis, COVID-19 pandemic market crash) can result in severe and prolonged losses.
- Diversification may provide limited protection during systemic events, as correlations between assets increase.
**Concentration Risk:**
- Over-concentration in a single asset, sector, or geography increases risk.
- Lack of diversification can result in disproportionate losses if the concentrated holding declines.
**Inflation and Purchasing Power Risk:**
- The risk that inflation erodes the real value of your returns.
- Fixed-income investments are particularly vulnerable to inflation risk.
**Political and Geopolitical Risk:**
- Political instability, war, terrorism, or government actions can adversely affect markets.
- Emerging markets are particularly susceptible to political risk.
2.3 Evaluate Your Circumstances
**Carefully consider your:**
**Investment Objectives:**
- Are you seeking income, capital growth, capital preservation, or speculative gains?
- What is your target return, and is it realistic given the risks you are willing to take?
- Are your objectives short-term (trading) or long-term (investing)?
**Level of Experience:**
- Do you have sufficient knowledge of financial markets, instruments, and trading strategies?
- Have you previously traded or invested, and what were the outcomes?
- Do you understand technical and fundamental analysis?
- Are you familiar with the specific asset class you are trading (equities, forex, cryptocurrencies, derivatives)?
**Risk Appetite (Risk Tolerance):**
- Can you afford to lose your invested capital without affecting your financial well-being or lifestyle?
- How would you react emotionally to a 20%, 50%, or 100% loss of your investment?
- Are you comfortable with high volatility and uncertain outcomes?
- Do you have dependents or financial obligations that would be compromised by losses?
**Time Horizon:**
- Do you have a short-term (days, weeks, months) or long-term (years, decades) investment timeframe?
- Short-term trading generally involves higher risk and requires more active management.
- Long-term investing may allow you to ride out volatility, but is not risk-free.
**Diversification:**
- Is this investment part of a diversified portfolio, or are you overly concentrated in a single asset or asset class?
- Diversification can reduce (but not eliminate) risk by spreading exposure across different assets, sectors, and geographies.
- Over-diversification can dilute returns and increase complexity.
**Liquidity Needs:**
- Do you require access to your capital on short notice for emergencies or other purposes?
- Illiquid investments (e.g., real estate, private equity, some bonds) may not be suitable if you need quick access to funds.
- Selling illiquid assets in a hurry often results in unfavorable prices.
**Financial Resources:**
- Do you have an emergency fund covering 3-6 months of living expenses before investing?
- Are you investing funds that you can afford to lose entirely?
- Do you have other sources of income or assets to fall back on if this investment fails?
2.4 Seek Professional Advice
**Seek professional financial, tax, and legal advice where needed.**
Consider consulting:
**Financial Conduct Authority (FCA) Authorized Financial Adviser:**
- For personalized investment advice tailored to your individual circumstances.
- FCA-authorized advisers are regulated and must act in your best interest.
- They can help you assess suitability, construct portfolios, and manage risk.
- Find an FCA-authorized adviser at: https://register.fca.org.uk/
**Qualified Accountant:**
- Regarding tax implications of trading and investing (capital gains tax, income tax, inheritance tax).
- Tax treatment varies by jurisdiction, investment type, and holding period.
- Improper tax planning can result in unexpected liabilities and penalties.
**Solicitor:**
- Regarding legal and regulatory obligations, particularly for complex investments or cross-border transactions.
- Legal advice may be necessary for estate planning, trusts, or business-related investments.
**Independent Investment Professional:**
- For unbiased opinions on investment strategies and market conditions.
- Independent professionals are not tied to specific products or institutions and can provide objective advice.
**When to Seek Advice:**
- If you are new to trading or investing.
- If you are considering high-risk strategies (leverage, derivatives, cryptocurrencies).
- If you have complex financial circumstances (multiple income sources, significant assets, estate planning needs).
- If you are uncertain about the suitability of an investment.
- If you have experienced significant losses and need to reassess your strategy.
2.5 Opes Borsa Does Not Provide Advice
**Opes Borsa is an information service provider only. We do not provide personalized investment advice, financial planning, or recommendations tailored to your individual circumstances.**
**All content provided by Opes Borsa is generic and educational in nature:**
- Market data, charts, and analytics are informational tools, not recommendations.
- Trading signals and trend analysis are educational content, not personalized advice.
- News, commentary, and research are for general informational purposes.
- We do not assess your individual suitability, risk tolerance, or financial circumstances.
**You are solely responsible for:**
- Determining whether any investment or trading strategy is suitable for you.
- Conducting your own research and due diligence.
- Making independent investment decisions.
- Consulting with qualified professionals before making significant financial commitments.
**Regulatory Status:**
- Opes Borsa Technologies Limited is **NOT** authorized or regulated by the UK Financial Conduct Authority (FCA).
- We do not require FCA authorization because we provide generic market information and educational content, not personalized investment advice or regulated financial services.
3. Data Accuracy and Reliability Disclaimer
3.1 Data Not Necessarily Real-Time or Accurate
**Opes Borsa would like to remind you that the data contained in the Opes Borsa mobile application (the “App” or “Dashboard”) is not necessarily real-time nor accurate.**
You acknowledge and accept that:
3.2 Data Sources and Delays
**Market data and prices displayed in the App are sourced from third-party data providers and public data sources.**
**Potential Delays:**
- Data may be delayed by **15-20 minutes or more**, depending on the market, exchange, and data provider.
- Some markets impose mandatory data delays for non-professional users (e.g., NYSE, NASDAQ require 15-minute delays for non-subscribers).
- Real-time data availability is subject to subscription tier and data provider agreements.
- Network latency, server processing, and app caching can introduce additional delays.
**Subscription Tier Differences:**
- **Free-tier users** receive delayed data (typically 15-20 minutes or more).
- **Premium subscribers** may receive real-time or near-real-time data, subject to data provider limitations and licensing agreements.
- Upgrading to Premium does not guarantee real-time data for all markets; some markets may still impose delays.
**Data Provider Dependencies:**
- We are dependent on third-party data providers to deliver accurate and timely information.
- If a data provider experiences outages, delays, or errors, this will affect the data displayed in the App.
- We have no control over third-party data providers and cannot guarantee their performance.
3.3 Indicative Pricing
**The data and prices displayed in the App are not necessarily provided by any market or exchange, but may be provided by market makers, over-the-counter (OTC) sources, or aggregated from multiple sources.**
**Consequently:**
**Prices Are Indicative Only:**
- Prices displayed in the App are **indicative only** and **not appropriate for trading purposes**.
- “Indicative” means the prices are estimates or approximations, not binding quotes.
- You should **NOT** rely on indicative prices for executing trades.
**Actual Execution Prices May Differ:**
- Actual execution prices at exchanges or brokers may differ materially from prices shown in the App.
- Differences can arise due to:
- Bid-ask spreads (the difference between buying and selling prices)
- Market depth and liquidity
- Slippage (price movement between order placement and execution)
- Exchange fees, broker commissions, and other trading costs
- Market volatility and rapid price changes
**Bid-Ask Spreads and Trading Costs Not Reflected:**
- Displayed prices do not account for bid-ask spreads, which can be significant in less liquid markets.
- Transaction costs (brokerage commissions, exchange fees, taxes) are not included in displayed prices.
- The actual cost of entering and exiting a position may be substantially higher than indicated by displayed prices.
**Verify Prices Before Trading:**
- You should **always verify prices with your broker or exchange before executing trades**.
- Use your broker’s trading platform or the official exchange website to confirm current prices.
- Do not assume that prices in the App are accurate or up-to-date enough for trading decisions.
3.4 No Guarantee of Accuracy
**While we strive to provide accurate and reliable information, Opes Borsa does not warrant or guarantee:**
**Accuracy:**
- We do not guarantee that data is free from errors, inaccuracies, or omissions.
- Errors can occur due to data provider mistakes, transmission errors, software bugs, or human error.
**Completeness:**
- We do not guarantee that all relevant data or information is included.
- Some data fields may be missing or incomplete due to data provider limitations.
**Timeliness:**
- We do not guarantee that data is up-to-date or delivered without delay.
- Delays can occur due to network issues, server load, or data provider outages.
**Reliability:**
- We do not guarantee that data services will be available continuously without interruption.
- Outages, maintenance, and technical issues may temporarily affect data availability.
**Historical Data Accuracy:**
- We do not guarantee that historical data accurately reflects actual market conditions.
- Historical data may be adjusted for corporate actions (splits, dividends) or corrected for errors, and such adjustments may not be reflected accurately.
**Third-Party Data Provider Continuity:**
- We do not guarantee that third-party data providers will continue to supply data.
- Data providers may discontinue services, change terms, or impose restrictions that affect our ability to deliver data to you.
3.5 Independent Verification Required
**You are solely responsible for:**
**Verifying All Data Independently:**
- Before making any trading or investment decision, verify all data independently using official sources.
- Do not rely solely on Opes Borsa data for important financial decisions.
**Confirming Prices, Volumes, and Other Information:**
- Cross-reference prices, volumes, and other data with official sources:
- Exchange websites (e.g., London Stock Exchange, NYSE, NASDAQ, Binance)
- Broker trading platforms
- Official market data terminals (e.g., Bloomberg, Reuters, FactSet)
- Regulatory filings and company announcements
**Not Relying Solely on Opes Borsa Data:**
- Opes Borsa data should be used as a supplementary tool, not the sole basis for decisions.
- Use multiple sources of information to triangulate and verify data accuracy.
**Time-Sensitive Trading Decisions:**
- For time-sensitive or high-stakes trading decisions, do not rely on Opes Borsa data.
- Use professional-grade, real-time data services and execute trades directly through your broker’s platform.
4. Limitation of Liability for Trading Losses
4.1 No Liability for Trading Decisions
**Opes Borsa and any provider of the data contained in the App or Dashboard (including third-party data providers, exchanges, and content licensors) will not accept liability for:**
4.2 Financial Losses
**Any loss or damage, whether direct, indirect, incidental, special, consequential, or punitive, as a result of:**
**Your Trading or Investment Decisions:**
- Losses incurred from trades or investments made based on information, data, signals, or analytics provided by Opes Borsa.
- Poor investment performance or failure to achieve expected returns.
**Your Reliance on Data, Signals, Analytics, or Content:**
- Reliance on inaccurate, delayed, incomplete, or misleading data.
- Reliance on trading signals or trend analysis that did not perform as expected.
- Reliance on news, commentary, or research that was incorrect or outdated.
**Errors, Inaccuracies, Delays, or Omissions:**
- Errors in market data, prices, volumes, or other information.
- Delays in data delivery that result in missed opportunities or losses.
- Omissions of critical information that would have affected your decisions.
**Service Interruptions, Outages, or Technical Failures:**
- App crashes, server outages, or network issues preventing you from accessing data or executing trades.
- Inability to close positions or manage risk due to service unavailability.
- Data loss or corruption affecting your watchlists, portfolios, or settings.
**Unauthorized Access or Data Breaches:**
- While we implement security measures, we are not liable for losses resulting from unauthorized access to your account, subject to applicable data protection laws.
- You are responsible for maintaining the security of your account credentials.
**Third-Party Actions:**
- Broker errors, order execution failures, or margin calls.
- Exchange outages, trading halts, or circuit breakers.
- Market manipulation, fraud, or illegal activity by third parties.
- Regulatory actions affecting your investments.
4.3 Examples of Non-Liability
**We are NOT liable for:**
**Losses from Delayed or Inaccurate Data:**
- If you execute a trade based on delayed data showing a price of £100, but the actual market price is £110, resulting in a £10 loss per share, we are not liable.
**Missed Trading Opportunities:**
- If you intended to sell an asset at £50, but a service outage prevented you from accessing the App, and the price subsequently dropped to £40, we are not liable for the £10 opportunity loss.
**Poor Investment Performance from Signals:**
- If you follow a trading signal suggesting to buy an asset, and the asset subsequently declines in value, we are not liable for your losses.
- Trading signals are educational and informational; they are not guarantees of profitability.
**Tax Liabilities:**
- If your trading generates capital gains, income, or other tax liabilities, you are solely responsible for reporting and paying taxes.
- We do not provide tax advice or prepare tax returns.
**Margin Calls and Forced Liquidations:**
- If you use leverage and receive a margin call or experience a forced liquidation by your broker, we are not liable.
- Margin trading is conducted through your broker, not through Opes Borsa.
4.4 Your Sole Responsibility
**You acknowledge and agree that:**
**Independent Decision-Making:**
- All trading and investment decisions are made at your sole discretion and risk.
- You have the final responsibility to evaluate the merits and risks of any investment.
**No Guarantees:**
- Opes Borsa does not guarantee profits, prevent losses, or ensure any particular outcome.
- There is no such thing as a “sure thing” or “guaranteed return” in financial markets.
**Past Performance Not Indicative:**
- Past performance of trading signals, strategies, or investments is not indicative of future results.
- Historical returns do not guarantee future returns; markets are unpredictable.
**Your Due Diligence:**
- You are responsible for conducting your own research, analysis, and due diligence.
- You should not rely solely on any single source of information, including Opes Borsa.
5. Intellectual Property and Data Usage Restrictions
5.1 Prohibition on Unauthorized Use
**It is strictly prohibited to use, store, reproduce, display, modify, transmit, or distribute the data contained in the Opes Borsa App or Dashboard without the explicit prior written permission of Opes Borsa and/or the data provider.**
5.2 Use, Store, or Reproduce Data
**You may NOT:**
**Store Data for Commercial Purposes:**
- Store market data or content from the App in databases or data warehouses for commercial use.
- Build derivative databases or data products using Opes Borsa data.
**Reproduce or Copy Data Beyond Personal Use:**
- Reproduce, copy, or duplicate data beyond personal, non-commercial use.
- Redistribute data to colleagues, clients, or third parties.
**Create Derivative Products:**
- Use data to create derivative databases, analytics products, trading algorithms, or competing services.
- Reverse-engineer data sources or methodologies.
**Extract Data Through Automated Means:**
- Extract data through scraping, bots, APIs, or automated systems without authorization.
- Use scripts or programs to download or copy data in bulk.
5.3 Display, Modify, or Transmit Data
**You may NOT:**
**Display Data Publicly:**
- Display Opes Borsa data on websites, applications, blogs, social media, or public platforms without permission.
- Embed charts, data tables, or signals in public-facing content.
**Modify or Reformat Data:**
- Modify, reformat, alter, or manipulate data in any way for redistribution.
- Combine Opes Borsa data with data from other sources for commercial purposes.
**Transmit to Third Parties:**
- Transmit data to third parties, whether for compensation or otherwise.
- Share data feeds, signals, or analytics with others.
**Redistribute Proprietary Content:**
- Redistribute trading signals, analytics, research, or proprietary content developed by Opes Borsa.
5.4 Commercial Redistribution
**You may NOT:**
**Sell or License Data:**
- Sell, license, or sublicense access to Opes Borsa data or services.
- Charge fees for access to data or content sourced from Opes Borsa.
**Provide Financial Information Services:**
- Use data to provide financial information services, investment advice, or portfolio management to clients or customers.
- Incorporate data into commercial products, reports, newsletters, or research publications.
**Compete with Opes Borsa:**
- Use our data, signals, or methodologies to develop competing products or services.
5.5 Explicit Prior Written Permission Required
**Any use beyond personal, non-commercial purposes requires the explicit prior written permission of:**
**Opes Borsa Technologies Limited:**
- Contact: info@opesborsa.com
- Subject: “Data Usage Permission Request”
- Include: Description of intended use, scope, duration, and commercial/non-commercial nature
**Applicable Third-Party Data Provider:**
- Where third-party data is involved, you may also need permission from the original data provider.
- We will advise you if third-party permission is required.
5.6 Consequences of Unauthorized Use
**Unauthorized use of data may result in:**
**Immediate Account Termination:**
- Suspension or permanent termination of your Opes Borsa account without refund.
**Legal Action:**
- Legal action to enforce intellectual property rights, including injunctions and damages claims.
- Claims for lost profits, licensing fees, and legal costs.
**Damages and Fees:**
- You may be liable for damages, including statutory damages for copyright infringement.
- You may be required to pay our legal fees and costs.
**Regulatory Reporting:**
- Reporting to relevant regulatory authorities for violations of data licensing agreements or securities regulations.
6. Intellectual Property Rights Reserved
6.1 All Rights Reserved
**All intellectual property rights in and to the data, content, and information contained in the Opes Borsa App or Dashboard are reserved by:**
**Opes Borsa Technologies Limited:**
- Proprietary analytics, trading signals, and algorithms
- User interface (UI) and user experience (UX) design
- Branding, trademarks, logos, and trade names
- Software code and architecture
**Third-Party Data Providers and Exchanges:**
- Market data (prices, volumes, quotes, order book data)
- News, research, and commentary
- Company fundamentals and financial statements
- Historical data and time series
**Content Licensors:**
- Charts, graphics, and visualizations
- Educational materials and tutorials
- Third-party research and analysis
6.2 No Transfer of Rights
**This Risk Disclosure Statement and the associated End User License Agreement (EULA) do not transfer any ownership rights in intellectual property to you.**
**You receive only a limited license to:**
- Access and view data in the App for personal, non-commercial use.
- Use the App in accordance with the EULA and Terms & Conditions.
**You do NOT receive rights to:**
- Copy, modify, or redistribute data or content.
- Use intellectual property for commercial purposes.
- Create derivative works or competing products.
6.3 Third-Party Beneficiaries
**Third-party data providers and exchanges are third-party beneficiaries of this Risk Disclosure Statement and the EULA.**
**They may enforce their intellectual property rights directly against you:**
- Data providers can pursue legal action for unauthorized use of their data.
- Exchanges can terminate data access or pursue damages for violations of data licensing terms.
- You may face legal action from multiple parties (Opes Borsa and third-party providers) for violations.
7. Advertising and Compensation Disclosure
7.1 Advertising Compensation
**Opes Borsa may be compensated by advertisers, brokers, financial institutions, or other third parties that appear on the App or Dashboard, based on:**
**Your Interaction with Advertisements:**
- Clicks on advertisements or sponsored links.
- Views or impressions of advertisements displayed in the App.
- Time spent viewing advertised content.
**Referrals and Account Openings:**
- Referrals to brokers, exchanges, or financial service providers.
- Account openings or signups with advertised services.
- Deposits or trading activity by referred users.
**Revenue-Sharing Arrangements:**
- Affiliate commissions or revenue-sharing agreements with advertisers.
- Performance-based compensation tied to user activity.
**Sponsored Content:**
- Sponsored content or promoted listings featured in the App.
- Paid placements of brokers, products, or services.
7.2 No Endorsement
**The presence of advertising or sponsored content does NOT constitute:**
**Endorsement or Recommendation:**
- Opes Borsa does not endorse or recommend any advertised products, services, or providers.
- Advertising is a commercial relationship, not an editorial endorsement.
**Guarantee of Quality:**
- We do not guarantee the quality, reliability, safety, or suitability of advertised products or services.
- Advertised services may not be appropriate for all users.
**Investment Advice:**
- Advertising does not constitute investment advice or a solicitation to use advertised services.
- You should evaluate advertised services independently and conduct due diligence.
7.3 Your Responsibility
**You are solely responsible for:**
**Evaluating Advertised Products and Services:**
- Conduct your own research and due diligence before using any advertised product or service.
- Read reviews, check regulatory status, and compare alternatives.
**Conducting Due Diligence on Brokers and Exchanges:**
- Verify that brokers and exchanges are properly licensed and regulated.
- Check for customer complaints, regulatory actions, or negative reviews.
- Understand the terms, fees, and risks associated with advertised services.
**Reading Terms and Conditions:**
- Carefully read and understand the terms and conditions, privacy policies, and fee schedules of third-party services.
- Be aware of risks, limitations, and exclusions.
**Ensuring Suitability:**
- Ensure that advertised services are suitable for your needs, experience level, and risk tolerance.
- Consult with professional advisers if unsure.
**Compliance with Applicable Laws:**
- Ensure that your use of advertised services complies with applicable laws and regulations in your jurisdiction.
- Some services may not be available or legal in your country.
7.4 Disclosure of Conflicts
**Opes Borsa may have financial relationships with advertisers, creating potential conflicts of interest.**
**We strive to maintain editorial independence and provide unbiased information, but you should be aware that:**
- Financial incentives may influence which advertisers are featured.
- We may prioritize advertisers who provide higher compensation.
- Editorial content and advertising are separate, but both exist within the App.
**Transparency:**
- We are committed to transparency and will clearly label sponsored content and advertisements where required by law.
- We will disclose material conflicts of interest when applicable.
8. Your Acknowledgement
By using the Opes Borsa App, you acknowledge and agree that:
1. **You Have Read and Understood This Risk Disclosure:** You have read this Risk Disclosure Statement in its entirety and understand the risks associated with trading and investing in financial instruments and cryptocurrencies.
2. **You Accept the Risks:** You accept and assume all risks described in this document, including the risk of losing your entire invested capital.
3. **You Are Solely Responsible:** You are solely responsible for your trading and investment decisions. Opes Borsa does not provide personalized advice or recommendations.
4. **You Will Verify Data Independently:** You will verify all data independently before making trading decisions and will not rely solely on Opes Borsa data.
5. **You Understand Data Limitations:** You understand that data may be delayed, inaccurate, or incomplete, and that prices are indicative only.
6. **You Will Comply with Usage Restrictions:** You will comply with all intellectual property and data usage restrictions, and will not use, reproduce, or distribute data without permission.
7. **You Understand Advertising Relationships:** You understand that Opes Borsa may be compensated by advertisers and that advertising does not constitute endorsement or recommendation.
8. **You Will Seek Professional Advice:** You will seek professional financial, tax, and legal advice where needed, particularly before making significant financial commitments.
9. Contact Information
**For Questions About This Risk Disclosure Statement:**
- **Email:** info@opesborsa.com
- **Subject:** “Risk Disclosure Inquiry”
- **In-App:** Settings > Legal > Risk Disclosure
- **Mail:** Opes Borsa Technologies Limited, Legal Department, 434-436 Essex Road, London, England, N1 3QP, United Kingdom
**For Regulatory or Compliance Questions:**
- Contact the UK Financial Conduct Authority (FCA): https://www.fca.org.uk/
- Contact your local financial regulator if outside the UK.
**This Risk Disclosure Statement was last updated on November 14, 2025 and is compliant with:**
- UK Financial Services and Markets Act 2000
- FCA Conduct of Business Sourcebook (COBS)
- EU Markets in Financial Instruments Directive (MiFID II)
- Best practices for risk disclosure in financial services
**Version:** 1.0
*This Risk Disclosure Statement is also available at:*
- **In-App:** Settings > Legal > Risk Disclosure
- **Online:** https://opesborsa.com/risk-disclosure
*For the latest version, always refer to the in-app document or our website.*