The information on this site is not directed at residents of the United States.

The trading of electronic Forex (foreign exchange) with (hereinafter “MTA”) has been  prearranged to assist facilitating a limited number of self-directed traders and speculative investors.  Participation shall only be disseminated to limited private persons whom MTA deem to be fit and  proper and this service is typically not offered to the general public nor is this type of asset class  suitable for every type of investor. The participation in trading this particular asset class in certain  jurisdictions may be restricted or contrary to local law or regulation.  Investors are required to inform themselves about and to observe any such restrictions.
This document’s purpose is to highlight  various general risk factors associated in participation with MTA in any capacity. No party should  construe the contents of this document as legal, tax or financial advice.  Each prospective party  should consult his own professional advisers on the legal requirements within the country of his  residence with regards to any form of participation with MTA, any foreign exchange restrictions  that may be relevant to him and the income and other tax consequences that may be relevant to  participation with MTA.

1. High Risk Notice

Margined currency trading is one of the riskiest forms of investment available in the financial  markets and is primarily suitable for sophisticated individuals and institutions with extensive  knowledge on this particular asset class. An account with MTA permits you to trade foreign  currencies on a highly leveraged basis (leverage up to 400:1 available). The funds in an account  trading at maximum leverage can be completely lost if the position(s) are left unattended and the  markets move against any open positions and they do not have the proper risk/protection protocol  in place.  Theoretically, an account could lose more than the equity it contains, if the account is  trading at maximum leverage and positions held in the account swing in a direction which  constitutes more than their value. Given the possibility of losing one's entire investment,  speculation in the off-exchange retail foreign currency market should only be conducted with risk  capital funds that if lost will not significantly affect one's personal or institution's financial well beings.

2. Currency Trading is Speculative and Volatile

Foreign currency prices are highly volatile. Price movements for currencies are influenced by, among  other things: changing supply and demand relationships; trade, fiscal, monetary, exchange control  programs and policies of governments, US and foreign political and economic events and policies,  changes in interest rates and inflation rates; currency devaluations and revaluations; and  marketplace emotions. None of these factors can be controlled by any market participant and no  assurance can be given that any strategy will result in profitable trades by any investor or that an  investor will not incur losses. As mentioned, account leverage magnifies the impact of currency volatility on margin requirements of open positions.     

3. Market Opinions by MTA

Any opinions expressed as to the future direction of prices of specific currencies or any other asset  classes are purely the opinions of MTA, and do not necessarily represent the opinion of anyone else,  and are not guaranteed in any way. In no event shall MTA have any liability for any losses incurred in  connection with any decision made, action or inaction taken by any party in reliance upon the  information provided verbally or via the Internet, or any delays, inaccuracies, errors in, or omissions  of information.

4. Leverage Disclaimer

The leveraged nature of electronic currency 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.  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 call within the time  prescribed, your position may be liquidated and you may be responsible for any resulting losses.

5. Accuracy of Information

Any information content provided by MTA either verbally, or electronically such as on the website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.  MTA has taken  reasonable measures to ensure the accuracy of the information given and on the website, however,  does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise  directly or indirectly from the content or your inability to access the website, for any delay in or  failure of the transmission or the receipt of any instruction or notifications sent through this  website. As such, this may present an inherent risk to investors.

6. Partner Stability

No assurance can be given regarding the stability, financial strength, capitalization, or credibility  (past, present or future) of the chosen banks, institutions, prime brokers, liquidity providers,  clearing agents, law firms, consultants, accounting firms, or other affiliated partners chosen by MTA.  MTA will not be held responsible for any actions, omissions, errors or misconduct, conducted by  their chosen partners that may have any affect on a client’s account(s), negative or otherwise which  is out of the sole control of MTA.  

7. Internet Trading Risks

In addition, there are risks associated with utilizing an electronic / Internet-based deal execution  trading system including, but not limited to, the failure of hardware, software, and Internet  connections. Since MTA does not control signal power, its reception or routing via Internet,  configuration of your equipment or reliability of its connection, we cannot be responsible for  communication failures, distortions or delays when trading via the Internet. MTA employs back up  systems and contingency plans to minimize the possibility of system failure.

8. Performance Discrepancies

Descrepancies in performance reporting may occur occassionally or frequently. This phenomenom  may occur for various different reasons in the forex market place. Some of the factors which may  influence this include different parities or softwares compiling the performance reports, the period  in which the reports where obtained from, the data feed provided by different brokerages, the fees  and costs charged by different brokerages, the leverage made available by different brokerages,  whether open or closed trades have been accounted for in the calculation, the period in which  performance fees or management fees have been charged, and any technical problems which may  have occured at a given brokerage. MTA shall always do their best to ensure reporting is as accurate  and as standardized as possible, however when working with multiple brokerages, the odds of  having discrepancies occur increases exponentially in relation to the number of brokerages being used.

9. Economic News Disclaimer

As with all major economic releases there could be significant price volatility with this type of  announcement. Currency spreads will typically widen just before the release and will remain wide  for a few minutes after. If the announcement is a shock to the consensus estimate, the price of the  currency pair could gap significantly. For example, if the price on the EURUSD is trading at 1.3000 / 1.3002 just before release could gap up 100 pips to 1.3100 / 1.3102, without any available prices  available between the price of 1.3000 and 1.3102. A Buy Stop placed before the announcement at 1.3000 would turn into a Market Order and would be filled at the prevailing price 1.3102. The same  would be true with a Sell Stop. During highly impactful news, it is best to plan on the spreads  widening and if you are trading with a Buy or a Sell Stop entry order, do not anticipate always being  filled at your entry price. You will be filled at the prevailing market price after the release, and this  market price could be significantly different from your desired price of your entry order.

10. Potential Illiquidity of the Forex Market

Forex positions (depending on the size, pair, and nature) cannot always be liquidated at the desired  price. Although this is rare, this can occur when the market is “thinly traded” (i.e., a relatively small  volume of buy and sell orders).


MTA is committed to transparency and integrity, and are always willing to assist in helping potential  participants understand various topics and make well informed decisions. Please do not hesitate to contact MTA for any further questions.



Since 40 year with equity capital of more than $5 billion. Over 100 market destinations worldwide and executes nearly 1,000,000 trades per day. Headquarters are in Greenwich Connecticut. 1000 employees in its offices in the USA, Switzerland, Canada, Hong Kong, UK, Australia, Hungary, Russia, Japan, India, China and Estonia. IB is regulated by the SEC, FINRA, NYSE, FSA and many other agencies around the world. Website


World leading Forex broker from Australia, AAA rated country. Pepperstone is regulated and licensed by the Australian Securities and Investment Commission (ASIC). Client deposits are segregated under Australian Client Money Rules, held in the National Australia Bank (NAB). Rated AA by Standard & Poor, audited by NAB, ERNST & YOUNG, MACQUARIE BANK, BAKER & Mc KENZIE. Website


World leading Forex broker from Australia, AAA rated country. Axitrader is regulated and licensed by the Australian Securities and Investment Commission (ASIC). Client deposits are segregated under Australian Client Money Rules, held in the National Australia Bank (NAB). AxiTrader pays interest on your un-margined funds, RBA cash rate -2%. Within the top 10 forex brokers globally. Website



They should be considered before any investment : Past performance is not necessarily a guide to future performance. The value of your initial investment may fall or rise, therefore long term investment should be preferred. Trading leveraged product as Forex (Foreign Exchange currency transactions) involves substantial risk of loss and is not suitable for all investors. A sophisticated investor could loose a part or more than its initial investment. Therefore, only speculate with money you can afford to loose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions and be sure to read our full risk disclaimer.