Risk Disclosure

This notice is provided so that you can make an informed decision before purchasing an evaluation. It describes the risks inherent in the instruments traded on the platform and the risks specific to a funded trader programme.

It does not describe every risk that could affect you, and it takes no account of your personal circumstances, objectives or financial position. If you do not fully understand a risk described here, seek independent professional advice before proceeding.

The instruments available on the platform are contracts for difference over foreign exchange pairs, precious metals, energy and soft commodities, global equity indices, individual share prices and cryptocurrencies. A contract for difference derives its value from an underlying market without conferring ownership of, or any right in, that underlying.

These are complex, leveraged products. Small movements in the underlying market produce disproportionately large movements in the value of a position. They are intended for people who understand that relationship and can quantify it before opening a position.

Evaluation accounts operate in a simulated environment. Orders execute against live streamed pricing but do not reach an external market, and no position in any underlying instrument is created by your trading.

Simulated execution is a faithful but not identical model of live execution. Fill behaviour in extreme conditions, queue position at a price level, and the market impact of a large order cannot be reproduced exactly. Performance achieved in the evaluation environment is therefore not a guarantee of comparable performance in a live market.

Funded accounts are traded in respect of the firm's capital under the same rulebook. You do not deposit trading capital at any stage, and you cannot lose more than the fees you have paid.

Leverage of up to 1:100 is available on foreign exchange, 1:50 on metals and indices, 1:20 on commodities, 1:10 on share contracts for difference and 1:5 on cryptocurrencies. Leverage changes how much margin a position consumes; it does not change how much the position can lose.

A position sized to the margin available rather than to a defined risk is the most common cause of an account breaching the 5% daily drawdown limit. Position sizing should be derived from the distance to your stop and the risk you are prepared to take, not from the maximum size the platform will allow.

Prices move continuously and can move violently. Economic releases, central bank decisions, geopolitical events, changes in liquidity conditions and shifts in market sentiment can all produce moves far larger than recent history would suggest.

Volatility is not constant. A position size that is prudent in a quiet session can be reckless in an active one, and instruments such as natural gas, cryptocurrencies and individual share contracts routinely exhibit multiples of the volatility seen in major currency pairs.

A market can gap, moving from one price to another with nothing tradable in between. Gaps occur most commonly at a weekly open, around scheduled announcements, and following unscheduled news. A stop order placed inside a gap will execute at the first available price on the other side of it, which may be materially worse than the level you set.

Slippage also arises in fast but continuous markets. A market order guarantees execution, not price. Neither the platform nor Connect Funded can protect you from either effect, and neither is treated as an error.

Liquidity varies by instrument and by session. Spreads widen at the daily rollover, in thin holiday sessions, immediately before and after high-impact data, and in instruments with structurally shallow order books such as platinum and palladium.

In stressed conditions the price at which a given size can be executed may be significantly away from the last quoted price, and resting orders may not be filled in full.

Positions held across the daily rollover are subject to a financing adjustment derived from the interest rate differential between the two sides of the instrument. That adjustment may be a credit or a debit, and it is charged at a multiple on one day of the week to account for the weekend.

Financing accumulates. On a position held for an extended period it can become a material component of the result, and it counts toward your drawdown calculation in the same way as any other movement in equity.

Accounts are denominated in United States dollars. Where you trade an instrument quoted in another currency, your profit and loss is converted, and the conversion rate itself introduces variability into the result.

Where you receive a payout in a currency other than the dollar, or in a cryptocurrency, the value you ultimately realise depends on the exchange rate at the moment of conversion and on any charge applied by your own provider.

Trading depends on hardware, software, network connectivity and third-party infrastructure, any of which can fail. An interruption may prevent you from opening, modifying or closing a position at the moment you intend to.

We maintain redundancy in our own systems and publish status notices when an incident affects the platform, but we do not control your connection, your device or the public internet between them. Where an incident on our side is demonstrated to have caused a loss or a breach, the risk desk will review the execution records under the dispute process in the Terms and Conditions.

Expert advisors, cBots and other automated strategies are permitted, and they carry risks of their own. A defect in logic, an unhandled market condition, a change in symbol specification or a loss of connectivity mid-cycle can produce a rapid sequence of unintended orders.

You remain fully responsible for every order sent from your account, including those generated automatically while you are away from the terminal. Automated strategies should be tested, position-limited and monitored.

The evaluation fee is at risk. Most evaluations do not reach funded status. If your account breaches a risk limit, the fee is not returned, and you would need to purchase a new evaluation or a discounted reset to try again.

Reaching a funded account does not guarantee income. A funded account is subject to the same drawdown limits, and a breach closes it. Profit is paid only on closed positions, only on the published cycle, and only after approval.

You should treat the evaluation fee in the same way as any other amount at risk: only commit money you can afford to lose entirely, and do not fund an evaluation with borrowed money or with capital you require for living expenses.

Nothing published by Connect Funded is personal advice or a recommendation to enter into any transaction. That includes the Trading Academy, the desk notes, the economic calendar, technical ratings, market commentary and anything said by a member of staff in a support conversation or a live session.

Educational material describes methods and their trade-offs. It does not take account of your objectives, your financial position or your risk tolerance, and it should not be treated as though it did.

The tax treatment of amounts received under this programme depends on your personal circumstances and on the jurisdiction in which you are resident, and it can change. Connect Funded does not provide tax advice and does not withhold tax on your behalf.

You are responsible for determining, declaring and paying any tax due on payouts you receive, and for keeping the records your jurisdiction requires. Your payout history is available in the client portal for that purpose.

This programme is intended for people who understand leveraged instruments, who can absorb the loss of the fee, and who are able to follow a written risk framework under pressure. It is not a savings product, an investment, or a substitute for employment income.

If you do not understand how a 5% daily drawdown limit interacts with unrealised profit and loss on an open position, or how to convert a stop distance into a position size, work through the relevant Trading Academy course before purchasing an evaluation. Both are covered in the risk track, and access is free.

By purchasing an evaluation you confirm that you have read this notice, that you understand the risks it describes, that you accept them, and that you are acting on your own judgement rather than on any statement made by Connect Funded.

Past performance, whether your own, another trader's or the desk's, is not a reliable indicator of future results.