Risk Disclosure
1. Purpose of this disclosure
This Risk Disclosure describes material risks associated with using the Daskelvor platform (the "Platform") and with trading Bitcoin, Ethereum and other crypto-assets. It does not describe every possible risk. It should be read together with our Terms of Service and Privacy Policy. Nothing in this disclosure is a recommendation to buy, sell or hold any asset.
2. Volatility of digital assets
Crypto-asset prices can change very quickly and by large amounts within a single day. Prices are influenced by factors including changes in supply and demand, market sentiment, regulatory announcements, technological events, security incidents and the actions of large holders. Historical price movements are not a reliable indicator of future performance.
3. Leverage and margin
Some products and configurations available through connected venues use leverage or margin. Leverage magnifies both gains and losses. A relatively small adverse price movement can result in losses exceeding your initial deposit, and positions may be liquidated automatically. You should understand the margin requirements and liquidation rules of any venue before enabling leveraged trading.
4. Automated and AI-assisted trading
The Platform uses automated models and software to analyse markets and, where enabled, to place orders. Automated systems are subject to limitations. Models may be based on incomplete, delayed or inaccurate data; they may not anticipate unusual market conditions; software may contain defects; and connectivity failures may prevent orders from being placed, modified or cancelled. Risk controls such as stop-loss settings, position limits and drawdown thresholds reduce but do not eliminate risk, and they may not execute at the price you expect.
5. Liquidity and execution risk
Some markets may have low liquidity, wide spreads or sudden gaps in pricing. In these conditions you may be unable to exit a position at a desired price, or at all. Orders may be partially filled, slipped or rejected. Trading halts or venue outages can also prevent you from managing your exposure.
6. Custody and third-party venues
Where you connect third-party exchanges, wallets or custodians, your assets may be held by those providers rather than by Daskelvor. You are exposed to their operational, cyber-security, solvency and regulatory risks. Assets held in self-custody may be lost if private keys or recovery phrases are compromised or misplaced, and transactions on blockchain networks are generally irreversible.
7. Security risks
Digital-asset holdings are a target for hacking, phishing, social engineering and malware. Although we use security measures, no system is completely secure. You are responsible for protecting your login credentials, two-factor devices and API keys, and for verifying the authenticity of any communication you receive about your account.
8. Regulatory and legal risk
The legal treatment of digital assets is evolving and may change in ways that restrict or prohibit activities, affect the value of assets, or alter tax treatment. Some products or services may not be available in every jurisdiction. You are responsible for understanding and complying with the laws that apply to you.
9. Tax implications
Trading and holding digital assets may create taxable events, reporting obligations or other tax consequences, which vary according to your circumstances. Platform reports are provided for convenience and may not reflect your tax position. You should obtain independent tax advice.
10. No guarantee of returns
Projections, calculators, performance figures, simulated results and educational examples shown on the Platform are illustrative only. They are not guarantees of profit, income or capital protection. Actual results may differ materially and may be significantly lower than shown, including zero or a total loss.
11. Not personal financial advice
The information provided by Daskelvor is general in nature. It does not take into account your objectives, financial situation, knowledge, experience or needs. Before making any decision, consider whether trading is appropriate for you and seek advice from a licensed financial adviser where appropriate. In Australia, you can check whether a provider is licensed using the ASIC Professional Register and related resources.
12. Managing your risk
We encourage you to start with a small amount you can afford to lose, diversify, avoid borrowing to trade, set personal loss limits, review your settings regularly, and keep records of your activity. Do not invest based on urgency, pressure or unsolicited promises of returns. If you feel that trading is affecting your wellbeing, consider stepping away and seeking support.
13. Questions and contact
If you have questions about this Risk Disclosure, contact Daskelvor at [email protected] or on +61 2 1142 8877. By using the Platform, you acknowledge that you have read and understood the risks described above.