WARNING: The risk of loss in trading futures contracts can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. You may sustain losses in excess of your initial deposit.
警告：期货合约交易的损失风险可能十分重大。因此，您应根据自身财务状况慎重考虑此类交易是否适合您。您可能蒙受超过初始保证金之损失。
1. Risk of Loss
The risk of loss in trading futures contracts can be substantial. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial deposit and therefore you should not invest money that you cannot afford to lose.
2. Leverage and Margin
Trading futures involves the use of leverage. A relatively small market movement may have a proportionately larger impact on the funds you have deposited as margin. You may sustain a total loss of margin funds and may be required to deposit additional margin funds to maintain your positions. If you fail to deposit additional funds within the time required, your positions may be liquidated at a loss, and you will be liable for any resulting deficit in your account.
3. Market Volatility
Futures markets can be highly volatile. Prices may move rapidly and substantially against you, particularly in response to economic data releases, geopolitical events, monetary policy decisions, or unexpected market events. Stop-loss orders may not always limit losses to the intended amounts due to market gaps or illiquidity.
4. Liquidity Risk
Market conditions (e.g. illiquidity) and/or the operation of the rules of certain markets may increase the risk of loss by making it difficult or impossible to effect transactions or liquidate/offset positions. In such circumstances, you may not be able to close your positions at the desired price.
5. Electronic Trading Risks
Trading on an electronic trading system may differ from trading on other electronic trading systems and from trading in a conventional open outcry market. If you undertake transactions on an electronic trading system, you will be exposed to risks associated with the system including the failure of hardware and software. The result of any system failure may be that your order is either not executed according to your instructions or is not executed at all.
6. Foreign Markets and Currency Risk
Foreign markets will involve different risks from local markets. The potential for profit or loss from transactions on foreign markets or in foreign-denominated contracts will be affected by fluctuations in foreign exchange rates. Different jurisdictions have different regulations and protections for investors.
7. Commission and Other Charges
Before you begin to trade, you should obtain a clear explanation of all commission, fees and other charges for which you will be liable. These charges will affect your net profit (if any) or increase your loss.
8. No Guarantee of Profit
Past performance is not indicative of future results. There is no guarantee that any trading strategy will achieve its objective. Any research, analysis, market commentary or trading recommendations provided by the Company are for informational purposes only and do not constitute investment advice.
9. Suitability
Futures trading is not suitable for all investors. You should only trade with funds that you can afford to lose. If you are unsure whether futures trading is suitable for you, you should seek independent professional advice.
10. Suspension or Restriction of Trading
Market conditions (e.g. illiquidity) and/or the operation of the rules of certain markets (e.g. the suspension of trading in any contract or contract month because of price limits or "circuit breakers") may increase the risk of loss.
11. Counterparty and Clearing House Risk
Although exchanges have clearing houses that act as central counterparties, there remains a residual risk of counterparty default. In extreme circumstances, this could affect your positions and the recovery of your funds.
12. Acknowledgement
By opening an account with Zhongfu International Futures Co., Limited, you acknowledge that you have read, understood and accepted the risks outlined in this Risk Disclosure Statement. You confirm that you have the financial means and trading experience appropriate for futures trading.
13. Contact
For any questions regarding this Risk Disclosure, please contact zfcare@zffutures.com.
1. 损失风险
期货合约交易的损失风险可能十分重大。决定交易前，您应根据自身投资目标、经验水平及风险承受能力慎重考虑。您有可能蒙受部分或全部初始保证金之损失，故不应投入超过您能承受损失之资金。
2. 杠杆及保证金
期货交易涉及使用杠杆。相对较小的市场变动可能对您作为保证金存入之资金产生按比例放大之影响。您可能蒙受全部保证金损失，且可能须存入额外保证金以维持持仓。如未能于规定时限内存入额外资金，您的持仓可能被亏损平仓，您须承担账户之任何随之产生之负值。
3. 市场波动
期货市场可能高度波动。价格可能迅速且大幅地朝对您不利之方向变动，尤其是于经济数据发布、地缘政治事件、货币政策决定或非预期市场事件发生时。由于市场跳空或欠缺流动性，止损订单未必能将损失限制于预期金额。
4. 流动性风险
市况（如欠缺流动性）及/或某些市场规则之运作可能因令进行交易或平仓/对冲持仓变得困难或不可行而增加损失风险。在此等情况下，您可能无法以期望价格平仓。
5. 电子交易风险
电子交易系统之交易可能与其他电子交易系统及传统公开喊价市场之交易不同。如您于电子交易系统进行交易，您将面对与该系统相关之风险，包括硬件及软件故障。任何系统故障可能导致您之订单未按指示执行或完全未被执行。
6. 海外市场及货币风险
海外市场涉及与本地市场不同之风险。海外市场交易或以外币计价合约之盈亏潜力将受外汇汇率波动影响。不同司法管辖区对投资者有不同之监管及保护。
7. 佣金及其他费用
开始交易前，您应清楚了解所有您须承担之佣金、费用及其他收费。该等费用将影响您之净利润（如有）或增加您之损失。
8. 不保证盈利
过往表现并不代表将来业绩。不保证任何交易策略将达成其目标。本公司提供之任何研究、分析、市场评论或交易建议仅供参考，不构成投资建议。
9. 适合性
期货交易并非适合所有投资者。您应仅以可承受损失之资金进行交易。如您不确定期货交易是否适合您，应寻求独立专业意见。
10. 暂停或限制交易
市况（如欠缺流动性）及/或某些市场规则之运作（如因价格涨跌停板或"熔断机制"而暂停任何合约或合约月份之交易）可能增加损失风险。
11. 对手方及结算所风险
虽然交易所设有作为中央对手方之结算所，但仍存在对手方违约之剩余风险。于极端情况下，此可能影响您之持仓及资金回收。
12. 确认
客户于中福国际期货有限公司开户即确认已阅读、理解并接受本风险披露声明所述之风险，并确认拥有进行期货交易所需之财务能力及交易经验。
13. 联络
如对本风险披露有任何疑问，请联络 zfcare@zffutures.com。