DISCLAIMER AND RISK WARNINGS

Trading the forex market on margin carries a high level of risk.

Before participating in the forex market, you should carefully consider your investment objectives, experience level, and risk appetite. In case of uncertainty concerning your circumstances, you should consult an advisor with relevant expertise, such as a tax advisor, investment advisor, lawyer, etc.

RISK OF TOTAL LOSS

Given that speculative trading in highly volatile markets presents the risk of substantial losses, including the risk of total loss, only persons knowledgeable enough with high incomes and the ability to absorb such losses should consider trading on margin. The information herein presents the risks associated with margin trading.

PAST PERFORMANCE IS NEVER A GUARANTEE FOR FUTURE PERFORMANCE

There is no guarantee whatsoever that managed trading accounts will achieve profits in the future similar to those in any performance tables. Therefore, it must be understood that past performance never guarantees future performance. The value of your invested funds may increase or decrease, and you are never guaranteed to regain all or any of your funds.

BACK-TESTING PERFORMANCES

Any back-testing performance reports may or may not have been audited by independent public accountants.

Hypothetical or simulated performance results do not represent actual trading.

Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programmes, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation can be made that any “real” trading account will or will likely achieve profit or losses similar to hypothetical or simulated trading results.

GEOGRAPHICAL LIMITATIONS // NOT AN OFFER NOR SOLICITATION

The option of becoming a client of Chelton AB may be restricted to persons and entities in certain jurisdictions. Potential investors are required to inform themselves about and observe any such restrictions. As such, this information does not constitute, and may not be used for, an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation.

Neither U.S. retail clients nor Japanese or North Korean customers are accepted. However, accredited Investors from the United States might be accepted once the Executing Broker has approved all compliance requirements.

Under no circumstances will Chelton accept any clients from the following restricted jurisdictions:  The following regions of Ukraine: Crimea, Donetsk, and Luhansk. Russian Federation and Belarus. Burma (Myanmar), Côte d’Ivoire, DR of Congo, Ethiopia, Iran, Iraq, Japan, Liberia, North Korea, Sierra Leone, Sri Lanka, Sudan, Syria, Yemen, and Zimbabwe.

NOT LEGAL, TAX OR FINANCIAL ADVICE

Prospective investors should not construe the contents of any information provided by Chelton AB as legal, tax or financial advice. Each prospective investor should consult his professional advisers on (a) the legal requirements within the country of their residence for trading, (b) any foreign exchange restrictions that may be relevant to him/her and (c) the income and other tax consequences that may be relevant to trading.

INTENDED INVESTORS

Chelton AB’s services are intended for, but not limited to, the professional or sophisticated investor, an experienced investor, or an ECP (eligible contract participant) who can understand and carry the risks inherent in this type of trading. The services shall only be disseminated to the mentioned type of intended investors and are not offered to the general broad spectrum of public investors. The services are not provided as a type of trading suitable for every investor.

An investor should consider forex trading speculative and high-risk and never its sole or principal holding.

NOT A CTA

Under USA law, Chelton AB is not a Commodity Trading Advisor (“CTA”).

SOLE RESPONSIBILITY / LIMITATION OF LIABILITY

Chelton AB does not guarantee nor assume any responsibility for the correctness or completeness of any information provided on its website or in any other investor information. You alone will be responsible for evaluating the merits and risks associated with using any materials provided by Chelton AB before making any decisions based on such materials.