Futures, forex, stock and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. You may sustain a total loss of the initial margin funds and any additional funds that you deposit in your account to establish or maintain a position in the forex, futures, and options market. Therefore, don't trade with money you can't afford to lose.
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CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED 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 SHOWN.
NOTICE TO EUROPEAN INVESTORS:
THIS DOCUMENT IS FOR THE EXCLUSIVE USE OF INVESTORS ACTING FOR THEIR OWN ACCOUNT AND CATEGORIZED EITHER AS “ELIGIBLE COUNTERPARTIES” OR “PROFESSIONAL CLIENTS” WITHIN THE MEANING OF MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE 2004/39/CE.
In accordance with the European Market in Financial Instruments Directive (“MiFID”) as implemented in the General Regulation of the French Autorité des Marchés Financiers, this document should be treated as a marketing communication providing investment recommendations and should not be treated as a research report issued by Societe Generale’s Research department.
Nothing in this document should be construed as constituting investment advice or personal recommendation (within the meaning of article 4 (4) of the MiFID) to any investor or its agent.
SG has in place policies and procedures to ensure that its employees act in the best interests of clients when providing them with any financial promotions or investment recommendations. These policies include internal conflicts of interests and personal account dealing policies that are designed to ensure that SG’s employees are not conflicted in the financial promotions that they provide to clients.
SG is subject to the provisions of the fourth iteration of the Capital Requirements Directive (“CRD IV”), which requires that institutions’ remuneration policies incorporate measures to avoid conflicts of interest. With this in mind, there is no direct linkage between the investment recommendations given by SG’s employees and any variable remuneration that they receive. However, the revenue generated for SG as a result of the activities of its employees may be one of the various quantitative and qualitative factors that are considered in remuneration of SG’s employees, alongside an assessment of the quality of service provided to clients and their commitment to the compliance and risk management arrangements of SG.
This document is issued in the U.K. by the London Branch of Societe Generale. Societe Generale is a French credit institution (bank) that is authorised and supervised by the European Central Bank (ECB) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) (the French Prudential Control and Resolution Authority) and regulated by the Autorité des Marchés Financiers (the French financial markets regulator) (AMF). Societe Generale London Branch is authorised by the ECB, the ACPR and the Prudential Regulation Authority (PRA) and subject to limited regulation by the Financial Conduct Authority (FCA) and the PRA. Details about the extent of our authorization, supervision and regulation by the above mentioned authorities are available from us on request.