In this statement, as formal dealers, we only provide a pure quality trading environment. For example: providing a low-cost trading environment, ASIC trust account supervision, investor education resources, analyst studio, CRM management systems and agency support programs. Furthermore, they are all personal acts of agents. For example: raising funds, operating on behalf of, hosting, automatic EA software, are the personal behaviour of partners, and are not related to the platform.
NOVOX does not work with any wealth management agency on behalf of clients, nor does it allow employees or agents to operate clients' accounts. All NOVOX customers are obligated to operate their own trading accounts. Please do not hand over your accounts to others, even if the customer insists on giving their username and password to others for trading, NOVOX holds the trading conducted by the customer, and any loss arising from the customer's account shall be covered by the customer. NOVOX does not provide any EA programs and cannot determine the profit and loss characteristics of each EA program in the market. If you use EA trading programs to execute orders, please be responsible for the EA and parameter settings used.
Customers Reminder: Investment contains high risks, please consider the potential objectives, risks and expenses carefully before investing. If the customer does not understand the foreign exchange market and how to trade, it is recommended that the customer first use a demo account for trading.
Individual Privacy Protection
Although the dissemination of information on the Internet may conflict with local laws in certain regions, users should be aware that the information contained on NOVOX website is not for any specific country, nor is it directed against specific members of the public or companies located in specific countries. The NOVOX currency market fully respects the right to privacy. NOVOX warrants that any personal information collected through NOVOX's website, including the identity, address, date of birth, telephone number and other personal information related to the user, will be kept by NOVOX at all times and will not be exchanged, sold or presented to any third party without the prior consent of the user.
High Risk Investment
Forex and CFD tradings are high-risk margin tradings and are only applicable to individuals and institutional investors who can bear the risk of loss. Investors should carefully consider their investment objectives, trading experience, financial status and risk tolerance before trading in foreign exchange and using other products provided by NOVOX. If you cannot bear the loss, please do not invest rashly. The contents of this website are for traders' reference only. Traders need to make their own independent investment decisions.
Margin trading is a type of "leveraged" trading that involves potential profits as well as the risk of losses. Margin accounts for only a small part of the foreign exchange contract, but small market changes will have a greater impact on the funds you deposit or will deposit, so there is a possibility of losing some or all your initial deposit in the leveraged trading. Therefore, you should make investment according to your risk tolerance.
Online trading system carries certain risks, which can include: Internet system failure, software and hardware failure, network connection failure and other force major factors. NOVOX is not responsible for communication failures, distortions, or delays in tradings over the Internet since it is unable to control the source, reception, or routing of signals. Although NOVOX uses backup systems and contingency plans to reduce the possibility of system failure, the risks of trading over the Internet cannot be eliminated.
Market Information and Views
NOVOX makes every effort to ensure that all information provided on its website or elsewhere is up to date and accurate. However, any comments, news, research, analysis, prices and other information published on this website shall only be regarded as general market information and shall not constitute as investment advice. NOVOX shall not be liable for any loss arising from its use or reliance on such information, whether directly or indirectly. NOVOX assumes no responsibility for any consequences resulted from trading decisions made through outdated, inaccurate and missing information.
Risk Control Management
NOVOX trading environment bids for the liquidity of 20 Banks. The currencies of various countries fluctuate sharply against the buying and selling prices, especially during the period with high market liquidity, large fluctuations are often seen. During periods of market illiquidity (e.g., when the north American and Oceania time zones are switched at 6:00 am), widening spreads or sliding trading prices are the norm of the market, which requires traders to pay more attention. Gold trading halts between 5 and 6am in Beijing time every morning so traders should avoid the influence of the alternation of time zones to gain maximal profits.
When conducting locked positions, traders shall pay special attention to the following risks, while making corresponding risk control measures:
First, the swap is calculated per day, which will consume the net value.
Second, during the period of poor liquidity, the spread will be amplified, and thus the trading cost must be increased, which will cause more serious floating loss.
We ask traders to measure the above risks on their own, and make a deposit protection for the low net value locked position account. Otherwise develop a solution strategy as soon as possible.