Dear BW users,
The margin trading services provided by BW trading platform are of high margin and high risk, so users need to agree to this agreement when launching margin trading, which also represents users' full understanding and consent to the margin trading risks of digital assets of BW margin trading. The Chinese version of this risk notice shall prevail.
【Preface】
This risk tip is designed to expose investors to the investment risks of margin transactions in digital assets and to help investors assess and determine their own capabilities. In view of the existence of investment risk, before the confirmation of this agreement and for margin deals, investors should carefully read this risk warning, must ensure that they understand about the nature of the margin deals, rules, and according to their own investment experience, objectives, financial situation and ability to bear risks to decide whether to participate in the margin deals.
Investors should consult legal and other independent professional advice before applying for a high margin trade.
【Suitable investor】
Margin trading of digital assets has high margin and high risk, which is only suitable for professional investment institutions or people with rich investment experience, or people who can fully understand all the risks related to margin trading of digital assets and can bear part or all losses of account capital caused by investment mistakes.
【Existing risks】
1.Risk of price fluctuations
The margin deal has investment value as a special product. Its price is influenced by many factors. Due to the price volatility, investors in the actual operation is difficult to fully grasp, so there is the possibility of investment mistakes. If not effectively control risk, investors may suffer from large losses, that must be borne all by own.
2.Trading risks
Investors need to understand that margintrading is high margin and may result in rapid profit or loss. If the direction of the transaction and the fluctuation of the market are opposite, it will cause a large loss. Depending on the extent of the loss, investors need to add a digital currency margin or reduce the position, otherwise their positions may be forced to liquidate, investors must bear all the losses caused.
Within the trading system of the exchange, the limit price submitted by the investor is sold, that is, irrevocable, investors must accept the risks that this approach may bring.
The exchange will not guarantee profits to investors and will not share profits or risks with investors.
3.Policy supervision risks
Margin transactions of digital assets may face regulatory risks in certain jurisdictions. Investors should make prudent judgments before trading on the premise of understanding the regulatory background of trading regions.
4.Other possible risks
When the high marginis used, it will bring a bigger risk to the users and market, so the platform in order to maintain market stability will monitor users of high-margin When users position based on the platform is likely to cause great influence to market stability, the platform will take the corresponding treatment measures, including but not limited to, communication, revealing risk, forced underweight, forced to liquidation, cancellations, etc., with a written explanation given.
Margintrading rules, including but not limited to factors, maturity date, product rules, etc., can be adjusted according to the actual operation of the platform. If the platform needs to suspend the product due to special circumstances, it will announce on the official website or through SMS notification to fulfill the inform obligation. The user should deal with the position timely, otherwise, any possible loss or gain related will be borne by the user.
【Prompt】
1.Before participation, investors must thoroughly understand the basic knowledge of digital currency margintrading, relevant risks and business rules related to participating in margin
2.The risk items mentioned above are only enumerated in nature, and all risk factors related to digital asset margintransaction can not be listed in detail. Investors should carefully understand and master other possible risk factors before participating in digital asset margin
3.We sincerely hope and suggest that investors, based on their actual situation such as risk tolerance, prudently decide whether to participate in this margintransaction and reasonably allocate their digital assets.
【Contact Us】
Download BW APP: https://www.bw.io/appDownload
Telegram: t.me/BW_support
VK: https://vk.com/bw.exchange
Reddit: https://www.reddit.com/user/bwexchange
Mailbox: support@bw.com
BW, Bit World, Better World
BW.com Global Operations Team
November 9, 2019
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