Foreign exchange trading and speculation carry significant risk. Before deciding to trade with EssenceFX, Clients are advised to carefully consider their investment objectives, financial status, level of experience, and risk tolerance. There is the distinct possibility of sustaining a partial or total loss of invested funds. Clients are therefore advised not to invest capital that they cannot afford to lose. Clients should also seek independent advice from reputable financial advisors if they have questions on the risks associated with foreign exchange trading.
EssenceFX provides leverage for Clients to trade on margin, up to a maximum leverage of 1:500. For example, a trading contract on leverage of 1:200 will only require 0.5% of the contract value as margin. Small price movements in the underlying instruments will result in large potential gains/losses on the Client's trade.
However, trading on margin is a double-edged sword where Clients have the potential to either receive high returns or sustain huge losses. Trading on margin carries significant risk and EssenceFX strongly advises Clients to evaluate their risk appetites and personal risk tolerance levels before engaging in trading activities using the leverage provided by the Company.
EssenceFX hereby absolves itself from all liability in association with losses sustained by Clients due to trading on margin and leverage.
All opinions, news, research, analyses, prices and other information contained on or linked to this website are provided as general market commentaries and do not constitute investment advice from EssenceFX. The Company does not guarantee the authenticity of the abovementioned information. The public should thus treat the information provided as general references only.
Under no circumstances will EssenceFX be liable for any loss or damage, including but not limited to loss of profit that may arise directly or indirectly from the use of or reliance on such information.
EssenceFX uses Internet-based trade execution systems that employ and rely on high-end network services to facilitate and host our database. These systems, however, are not foolproof. Glitches might occur that are beyond our control, including but not limited to failure of hardware, software, and Internet connection. Should any of these occur, the Company reserves the right to render affected orders null and void.
EssenceFX shall not in any manner be held responsible for communication failures, distortions, and/or delays. Nonetheless, the Company endeavours to minimise the possibility of system failures by employing backup systems and contingency plans.
Orders are only deemed to be received by the Company when their requests reach our Trading Servers. The Company shall not be held liable for any delays in the transfer of information between Clients' devices and our Trading Servers.
EssenceFX shall not be held liable for the performance of its Trading Platform if Clients have attached and/or used any third-party software with the said Trading Platform. Such third-party software would include Custom Indicators, Scripts, and Expert Advisers developed with the MetaQuotes Language 4 (MQL4).
EssenceFX does not offer any warranty for the performance of such third-party software or the effects it might have on the operations of its systems. Furthermore, all Clients are explicitly warned that improper exploitation of the Trading Platform might cause poor performance and/or failure of some or all of the said Platform's features, including but not limited to the Re-quote System, Login System, Execution System, Negative Balance Protection System, and Price Feed System. Such failures and/or underperformance might in turn cause, amongst others:
EssenceFX constantly monitors the performance of its trading infrastructure and will take all possible steps to warn Clients if improper exploitation of the Trading Platform is observed before such exploitation affects their orders. The Company, however, reserves the right to cancel some or all orders, including pending orders, working orders (open positions) and closed orders, that have benefited from a system failure or underperformance caused by improper exploitation of its systems.
In the unlikely event of a failure in the Company's automated systems, we will rely on manual problem detection, assessment and intervention. This process would naturally require more time, though the Company will strive for an appropriate response as soon as practicable. EssenceFX does, however, reserve the right to respond post-factum in all cases when system failure or underperformance is detected at a later stage without any time constraint.
Clients who have caused such underperformance through their direct, indirect, deliberate or non-deliberate actions will not be reimbursed for their losses, including their losing positions or orders, missed profits and/or negative account balances. Clients are advised to consult our Trading Order Execution Policy for more information on trading patterns and our definitions of Trading Platform abuse. Clients are also advised to read and understand all terms and risk disclosure documents provided by the manufacturers of the Company's Trading Platform.
The Company considers the following operating patterns of third-party software (such as MQL4 Expert Advisers) inappropriate and abusive in nature. All third-party software engaging in the said activities would be deemed to have been the cause of system underperformance in all cases where an affected order has been detected in the same Trading Account. Clients are advised not to use third-party software that performs any of the following activities: