Risk Disclaimer

CoVEX COVEX LEGAL AND RISK DISCLAIMER (“Disclaimer”)

This disclaimer (together with our Terms of Use Terms of Use (the "Terms"), Privacy Policy (the "Privacy Policy") and any other documents referred to in those documents) is given by CoVEX Lab Technology LTD , a company registered and operating according to the laws of England and Wales, Company number 11238645, with the registered address International House, 24 Holborn Viaduct, London, United Kingdom, EC1A 2BN (hereinafter the “CoVEX”) and sets out the risks to the User associated with trading and the use of the Trading Platform.

Please read the following carefully to understand these risks. By visiting https://CoVEX.io the User are accepting and consenting to the practices described in this policy. All defined terms are as defined in the body of the text or in the Terms.

THE RISKS DESCRIBED BELOW ARE NOT NOR ARE THEY INTENDED TO BE A COMPREHENSIVE OR EXHAUSTIVE LIST OF RISK FACTORS.

ASSUMPTION OF RISK

The trading of goods and products, real or virtual, as well as crypto-currencies as well as the use of the CoVEX Platform involves significant risk, and the User specifically agrees to assume the risks set out in this Disclaimer ("Risks") as well as other risks not set out herein which are inherent to online trading and cryptocurrency speculation. Cryptocurrencies markets are decentralized and non-regulated our Cryptocurrencies Trading Services as such term is defined in the Cryptocurrencies trading are unregulated services which are not governed by any specific European regulatory framework. Therefore, when CoVEX's customers are using our Cryptocurrencies trading service they will not benefit from the protections available to clients receiving regulated investment. Customers using the Cryptocurrencies trading service only will not benefit from the protections available to clients receiving regulated investment services such as the access to the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service for dispute resolution. We will endeavor to enable you to benefit from rules relating to best execution and safekeeping of client assets. All these products carry a high degree of risk and are not suitable for many investors. This notice provides you with information about the risks associated with these products but it cannot explain all of the risks nor how such risks relate to your personal circumstances. If you are in doubt you should seek professional advice. It is important that you fully understand the risks involved before deciding to trade with CoVEX and that you have adequate financial resources to bear such risks and that you monitor your positions carefully. Trading involves risk to your capital. You should not invest money that you cannot afford to lose, however you cannot lose more than the equity in your account.

The Client agrees to assume the following risks and acknowledges and agrees that CoVEX shall not be responsible for or otherwise liable for any direct or indirect loss or damage of any kind whatsoever arising directly or indirectly from the occurrence in full or in part of any and all of the following Risk events:

INDEMNITY

The User agree to defend, indemnify, and hold us harmless, and each of our officers, directors, shareholders, members, employees, agents and affiliates, from any claim, demand, action, damage, loss, cost, or expense, including without limitation reasonable professional fees, arising out or relating to the User’s use of, or conduct in connection with the Trading Platform; the User’s violation of the Terms; or the User’s violation of any rights of any other person or entity and we will have the right, in our sole discretion, to control any action or proceeding and determine whether we wish to settle it, and if so, on what terms.

In deciding to copy a specific trader, account, portfolio and/or strategy, the User have considered the User’s entire financial situation including financial commitments and the User understand that using Social Trading service is highly speculative and that the User could sustain significant losses exceeding the amount used to copy a trader or traders;

information in relation to Social Trading provided by CoVEX is provided solely for informational purposes. CoVEX and its affiliates and their employees and agents are not investment or financial advisers.