notification of trading environment risk

Dear Valued Client,

Following on from the recent notifications regarding extreme market volatility and global trading conditions we would like to update you further around some specific risks posed to market participants.

Please note that our XAUUSD is available for both opening and closing position now. However, it is recommended to carefully evaluate and make sure you are aware of the risk in the market you are facing:
1. It is possible that you would experience liquidation due to the extreme fluctuation in the market, which leads to widening spread and causes huge floating loss.
2. The request of your trade may not be able to execute while the liquidity is low.
3. To protect our clients, we may choose to close the quoting of XAUUSD if there is extreme volatility in the market until the pricing is back to normal.

If you choose the trade in the current circumstance,we will consider that you have completely understood and accepted the risk that you are facing, including inevitable situations the following but not limited to widening spread and quotation halts.Or you can choose to trade when the global market regains stability and the market returns to normal.

XAU Market

The global lockdown is affecting the way that XAU markets are being priced by all brokers, banks and liquidity providers.

All indications from the interbank market (as well as several non-bank venues), are that the issue currently been experienced in the Spot / Futures XAU market may not be resolved for some time.

One of the key drivers of the dislocation is arising from the exchange for physical ‘basis’ having been closed.
Refineries in Switzerland have also shut down and physical delivery of Comex Gold has been made nearly impossible because of flight restrictions, making it harder to physically deliver bullion to cover shorts.
We also expect to see this difficulty stretch to other precious metal markets and potentially, other commodities.
We are not expecting pricing / liquidity to resume to more normal levels for a number of days but will do everything to work with our LPs to ensure the best possible pricing and execution for our clients.

Currency Markets

We continue to see wide spreads and extreme volatility in currency markets, with the USD falling after the U.S. Federal Reserve announced an unprecedented scheme of credit support to help the United States economy whilst full lockdown is being implemented in several states across the nation.

Other Reserve Banks around the world are moving to push massive amounts of liquidity into the market and volatility is spiking on the back of these news announcements.

It is important to understand that these conditions are caused by the extraordinary events we are seeing around the world and uncertainty in global markets is impacting trading conditions at all brokers and financial institutions.

We have adjusted our spread filters and maximum spread settings to ensure that pricing is available for all of our markets

Risk Warning

All investments entail risks and may result in both profits and losses. In particular, trading leveraged derivative products such as Foreign Exchange (Forex) and Contracts for Difference (CFDs) carries a high level of risk to your capital. All these derivative products, many of which are leveraged, may not be appropriate for all investors. The effect of leverage is that both gains and losses are magnified. The prices of leveraged derivative products may change to your disadvantage very quickly, it is possible for you to lose more than your invested capital and you may be required to make further payments. It is important that you understand that with investments, your capital is at risk. Past performance is not a guide to future performance. It is your responsibility to ensure that you make an informed decision about whether or not to invest with us. Before deciding to invest in any financial product, you should carefully consider your investment objectives, trading knowledge and experience and affordability. You should seek independent professional financial advice for you do not understand the risks involved. You should only trade in Forex and CFDs if you have sufficient knowledge and experience of the risks involved in trading such products and if you are dealing with money that you can afford to lose. Gemini Capital Markets assumes no liability for any loss sustained from trading in accordance with a recommendation. This website, including the information and materials contained in it, are not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in the United States, Belgium or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.

The Top and Bottom Performers data is provided by third party provider and TC technical analysis tool is provided by TRADING CENTRAL. The information in this website is of a general nature only and may contain advice that is not based on your personal objectives, financial situation or needs. GeminiCap is not responsible for the accuracy, adequacy or completeness of any information, analysis commentary, opinions and in the research report. And does not provide any form (whether express or implied) of warranty. Also, GeminiCap is not responsible for direct or indirect losses caused by any interruption, delay, omissions, and any consequences caused by the action relying on or referring to the content of the information.

Gemini Capital Markets ('GeminiCap') is a registered trading name of IX Capital Group Limited which is authorized and regulated by the Securities Commission of The Bahamas ('SCB') under Registration Number SIA-F188. We are permitted by the SCB to deal, arrange and manage securities. GeminiCap is governed and operates in accordance with the laws and regulations of The Bahamas. Our registered office is located at No. 109 Church Street, Sandyport, PO Box SP-62756, Marina Village, Nassau, The Bahamas.

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