FiveWest Risk Warnings
This notice provides you with information about the risks associated with Fivewest’s Services. Each FiveWest Service has its own distinct risk. This notice does not explain all the risks or how such risks relate to your personal circumstances. It is important that you fully understand the risks involved before utilising the FiveWest Services.
- We may at times provide factual information, information about transactions, procedures and information about potential risks. However, any decision to use FiveWest Services is made solely by you. You are solely responsible for determining whether any strategy or related transaction is appropriate for you according to your personal investment objectives, financial circumstances and risk tolerance.
- You are responsible for determining what taxes you might be liable for and how they apply when transacting through FiveWest Services. It is your responsibility to report and pay any taxes that may arise from utilising FiveWest Services. If you have any doubts about your tax status or obligations, you may wish to seek independent advice. Furthermore, you are not permitted to use or take advantage of FiveWest Services to circumvent any capital, exchange control restrictions or tax obligations you may have or be subject to.
- Trading is subject to high market risk and price volatility. Changes in value may be significant and may occur rapidly without warning. Past performance is not a reliable indicator of future performance. The value of an investment and any returns can go down as well as up and you may not get back the amount you invested.
- Digital assets may have limited liquidity, which may make it difficult or impossible for you to sell or exit a position when you wish to do so.
- Third Parties, such as banking partners, payment providers, exchanges may be involved in the provision of FiveWest Services. You may be subject to the terms and conditions of these third parties and FiveWest is not responsible for any loss that these third parties may cause to you.
- It is not possible for FiveWest to eliminate all security risks. FiveWest is committed to maintaining security of any entrusted funds and has implemented industry standard protection for FiveWest Services, however there is no absolute guarantee of security.
- Given the nature of digital assets and their underlying technologies, there are a number of intrinsic risks, including but not limited to: Faults, defects, hacks, exploits, errors or protocol failures or unforeseen circumstances occurring in respect of a digital asset or the technologies or economic systems on which the Digital asset reply; Transactions in Digital Assets being irreversible. Consequently, losses due to fraudulent or accidental transactions may not be recoverable; Technological development leading to the obsolescence of a Digital Asset; Delays causing a transaction not being settled on the scheduled delivery date; and Attack on the protocol or technologies on which a digital asset depends, including but not limited to: i. distributed denial of service; ii. sybil attack; iii. phishing; iv. social engineering; v. hacking; vi. smurfing; vii. malware; viii. double spending; ix. majority-mining, consensus-based or other mining attacks; x. misinformation campaigns; xi. forks; and xii. Spoofing. You acknowledge the intrinsic risks referred to above and you agree that the use of FiveWest Services is entirely at your own risk.
- Rapid price changes may occur at any time, including outside normal business hours.
- Currency fluctuations will impact your gain and losses.
- Changes in laws and regulations may have a direct impact on your ability to utilise the FiveWest’s Services.