Understand the risks.

Your capital is at risk. The value of an investment can fall as well as rise, and you may receive back less than you invested. In some circumstances you may lose the entire amount committed.

No investment product offered by ENARA is capital-protected unless it is explicitly described as such in its own documentation. Do not commit money you cannot afford to lose, and do not commit money required for essential living costs, debt obligations, or short-term needs.

Leverage allows exposure to a position larger than the cash you deposit. It amplifies gains and losses in exactly the same proportion, which means a modest adverse move can consume a large share of your account.

Positions held on margin are monitored continuously. If your account equity falls below the required maintenance level, positions may be closed automatically and without notice in order to protect against further loss. Such closures can crystallise a loss at the worst available price.

Losses on leveraged products can, in certain market conditions, exceed the funds deposited. Any negative-balance protection that applies to your account will be stated in your account terms. [Applicable leverage limits and protections to be confirmed.]

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. [XX]% of retail investor accounts lose money when trading CFDs with this provider, figure to be confirmed.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. A CFD gives you exposure to a price movement without ownership of the underlying asset: you have no shareholder rights, no voting rights, and no entitlement to the asset itself.

Holding a CFD position beyond the daily close incurs an overnight financing cost, which accumulates against the position for as long as it remains open.

Markets are affected by economic data, monetary policy, corporate results, geopolitical events, and sentiment. Prices can move sharply and without warning, and can gap between one traded price and the next, meaning an order may be executed at a level materially different from the one you set.

In thin or disorderly markets, spreads widen and execution quality deteriorates. Stop-loss orders reduce risk but do not guarantee a fill at the stop level unless they are explicitly guaranteed products.

Where an instrument is denominated in a currency other than your account currency, exchange-rate movements will affect your return independently of the instrument's own performance.

Nothing published by ENARA, on this website, in the Academy, in market commentary, in calendars, or in communications from our support team, constitutes investment advice, a personal recommendation, or an offer to buy or sell any instrument.

Educational and informational material is general in nature. It does not consider your objectives, financial situation, experience, or needs, and it should not be relied upon as the basis for a decision.

Historical returns, back-tested strategies, simulated results, and illustrative examples shown anywhere on this site describe what happened or what could have happened under stated assumptions. They are not a forecast and carry no guarantee of repetition.

Simulated and demo-account results in particular benefit from hindsight and from execution conditions that do not always exist in live markets.

Before trading, assess honestly whether a product suits your objectives, your experience, and your capacity to absorb loss. Consider your total financial position, not only the amount you intend to deposit.

Every order you place is your own decision and your own responsibility. Availability of products and services varies by jurisdiction, and ENARA does not offer services where doing so would breach local law. [Jurisdictional availability to be confirmed.]