⚠️ HIGH RISK WARNING
Trading futures, forex, and other leveraged products involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. You should carefully consider whether trading is appropriate for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment.
1. General Risk Warning
ConvexBlack provides trading evaluation and funded trading services. Before engaging with our services, you must understand and accept the following risks:
📉
70-80%
of retail traders lose money trading leveraged products
Trading in financial markets, particularly futures and derivatives, carries a high level of risk. The leverage available in these markets means that both profits and losses can be magnified significantly. You should only trade with money you can afford to lose.
2. Nature of Our Services
2.1 Evaluation Phase
During the Evaluation and League phases, you are trading in a simulated environment. While we strive to replicate real market conditions:
- Simulated results do not guarantee real-world performance
- Execution in live markets may differ from simulated execution
- Slippage, liquidity, and market impact are not fully replicated
- Psychological factors differ between simulated and live trading
2.2 Funded Trading
If you are offered a funded account:
- You are trading with company capital, not your own funds
- Your financial risk is limited to evaluation fees paid
- However, stress and psychological pressure of live trading is real
- Past success in evaluation does not guarantee future funded performance
3. Market Risks
3.1 Price Volatility
Financial markets can be extremely volatile. Prices can move rapidly in either direction due to:
- Economic data releases and news events
- Geopolitical events and natural disasters
- Central bank decisions and policy changes
- Market manipulation and flash crashes
- Low liquidity periods (overnight, holidays)
3.2 Leverage Risk
Futures trading involves significant leverage:
- Small market movements can result in large gains or losses
- Losses can exceed your initial investment
- Margin calls may force position liquidation at unfavorable prices
- Leverage amplifies both profits and losses
3.3 Gap Risk
Markets can "gap" - open at prices significantly different from previous close:
- Weekend gaps can be substantial
- Stop-loss orders may not protect against gap moves
- Holiday periods carry additional gap risk
4. Operational Risks
4.1 Technology Risks
Trading platforms and systems may experience:
- System outages and downtime
- Internet connectivity issues
- Data feed delays or errors
- Order execution failures
- Platform bugs or glitches
ConvexBlack is not responsible for losses due to technical failures beyond our reasonable control.
4.2 Third-Party Risks
We rely on third-party services including:
- Data providers (Databento, exchanges)
- Cloud infrastructure providers
- Payment processors
Failures in these services may impact your trading experience.
5. Psychological Risks
Trading can have significant psychological impacts:
- Stress and Anxiety: Trading can be emotionally demanding
- Overconfidence: Winning streaks may lead to excessive risk-taking
- Revenge Trading: Losses may trigger emotional, irrational decisions
- Addiction: Trading can become compulsive behavior
- Sleep and Health: Market hours may disrupt normal routines
If you experience negative psychological effects from trading, please seek professional help.
6. No Guarantee of Profits
⚠️ NO PROFIT GUARANTEES
ConvexBlack makes no representations or guarantees regarding:
- Future trading profits or performance
- The accuracy of any trading signals or analysis
- The success rate of evaluation attempts
- The ability to earn payouts from funded accounts
7. Hypothetical Performance Disclaimer
Any performance data, statistics, or examples presented are for illustration purposes only and do not represent actual trading results.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS:
- Unlike actual performance records, simulated results do not represent actual trading
- Because the trades have not been executed, results may under- or over-compensate for market factors such as lack of liquidity
- Simulated trading programs are designed with the benefit of hindsight
- No representation is being made that any account will or is likely to achieve profits or losses similar to those shown
8. Regulatory Considerations
Please be aware that:
- Trading regulations vary by jurisdiction
- You are responsible for compliance with your local laws
- ConvexBlack may not be licensed in all jurisdictions
- Tax implications of trading profits vary by location
9. Financial Suitability
Before using our services, honestly assess whether you:
- Can afford to lose your evaluation fee entirely
- Have adequate financial resources beyond this investment
- Understand the mechanics of futures and leveraged trading
- Have realistic expectations about potential outcomes
- Can handle the emotional stress of trading
10. Independent Advice
ConvexBlack does not provide investment, tax, or legal advice. Before engaging with our services, we strongly recommend consulting with:
- A licensed financial advisor
- A tax professional in your jurisdiction
- A legal advisor if you have questions about contracts or regulations
11. Acknowledgment
By using ConvexBlack's services, you acknowledge that:
- You have read and understood this Risk Disclosure
- You understand the risks involved in trading
- You are financially and psychologically prepared to accept potential losses
- You are not relying on any representations or guarantees of profit
- You accept full responsibility for your trading decisions
- You will not hold ConvexBlack liable for trading losses
12. Questions
If you have any questions about the risks involved in our services, please contact us before proceeding:
⚠️ FINAL WARNING
Trading is not suitable for everyone. Only trade with money you can afford to lose. If in doubt, do not trade.