Risk acknowledgement and disclosure

1. Risk Warning

Prospective clients should study the following riskwarnings very carefully. Please note that we do not explore or explain all therisks involved when dealing in Financial Instruments (including Contracts forDifference “the CFDs” and Equities). We outline the general nature of the risksof dealing in Financial Instruments on a fair and non-misleading basis.

In particular, Contracts for Difference ('CFDs')are complex financial products and not suitable for all investors. CFDs, areleveraged products that mature when you choose to close an existing openposition. By investing in CFDs, you assume a high level of risk and can resultin the loss of all of your invested capital.

Unless a client knows and fully understands therisks involved in each Financial Instrument, they should not engage in anytrading activity. You should not risk more than you are prepared to lose. WISHGMwill not provide clients with any investment advice in relation to investments,possible transactions in investments, or Financial Instruments, neither will wemake any investment recommendations. Clients should consider which FinancialInstrument is suitable for them according to their financial status and goalsbefore opening an account with WISHGM. If a client is unclear about the risksinvolved in trading in Financial Instruments, then they should consult anindependent financial advisor. If the client still doesn't understand theserisks after consulting an independent financial advisor, then they shouldrefrain from trading at all. Purchasing and selling Financial Instruments comeswith a significant risk of losses and damages and each client must understandthat the investment value can both increase and decrease, clients they areliable for all these losses and damages, which could result in more than theinitial invested capital once they make the decision has been made to trade.

2. Acknowledgement

Technical Risk

1. The Client shall be responsible for the risks     of financial losses caused by the failure of information, communication,     electronic and other systems. The result of any system failure may be that     his order is either not executed according to his instructions or it is     not executed at all. The Company does not accept any liability in the case     of such a failure.

2. While trading through the Client Terminal the     Client shall be responsible for the risks of financial losses caused by:

1. Client's or Company's hardware or software     failure, malfunction or misuse;

2. poor Internet connection either on the side of     the Client or the Company or both, or interruptions or transmission     blackouts or public electricity network failures or hacker attacks,     overload of connection;

3. the wrong settings in the Client Terminal;

4. delayed Client Terminal updates;

5. the Client disregarding the applicable rules     described in the Client Terminal user guide and in the Company's Website.

Abnormal Market Conditions

3. The Client acknowledges that under Abnormal     Market Conditions the period during which the Instructions and Requests     are executed may be extended.

Trading Platform

4. The Client acknowledges that only one Request     or Instruction is allowed to be in the queue at one time. Once the Client     has sent a Request or an Instruction, any further Requests or Instructions     sent by the Client are ignored and the "Order is locked" message     appears until the first Request or Instruction is executed.

5. The Client acknowledges that the only reliable     source of Quotes Flow information is that of the real/live Server's Quotes     Base. Quotes Base in the Client Terminal is not a reliable source of     Quotes Flow information because the connection between the Client Terminal     and the Server may be disrupted at some point and some of the Quotes     simply may not reach the Client Terminal.

6. The Client acknowledges that when the Client     closes the order placing/modifying/deleting window or the position     opening/closing window, the Instruction or Request, which has been sent to     the Server, shall not be cancelled.

7. In case the Client has not received the result     of the execution of the previously sent Instruction but decides to repeat     the Instruction, the Client shall accept the risk of making two     Transactions instead of one, however the client may receive an "Order     is locked" message as described in point 2.5 above.

8. The Client acknowledges that if the Pending     Order has already been executed but the Client sends the Instruction to     modify its level and the levels of If-Done Orders at the same time, the     only Instruction, which will be executed, is the Instruction to modify     Stop Loss and/or Take Profit levels on the position opened when the     Pending Order triggered.

Communication

9. The Client shall accept the risk of any     financial losses caused by the fact that the Client has received with delay     or has not received at all any notice from the Company.

10. The Client acknowledges that the unencrypted     information transmitted by email is not protected from any unauthorised     access.

11. The Client is fully responsible for the risks     in respect of undelivered trading platform internal mail messages sent to     the Client by the Company as they are automatically deleted within 3     (three) calendar days.

12. The Client is wholly responsible for the     privacy of the information received from the Company and accepts the risk     of any financial losses caused by the unauthorised access of a third party     to the Client's Trading Account.

13. The Company has no responsibility if     authorized/unauthorised third persons have access to information,     including electronic addresses, electronic communication and personal     data, access data when the above are transmitted between the Company or     any other party, using the internet or other network communication     facilities, telephone, or any other electronic means.

Force Majeure Event

14. In case of a Force Majeure Event the Client     shall accept the risk of financial losses.

3. RiskWarning Notice for Foreign Exchange and Derivative Products

1. This notice cannot disclose all the risks and     other significant aspects of foreign exchange and derivative products such     as futures, options, and Contracts for Differences. You should not deal in     these products unless you understand their nature and the extent of your     exposure to risk. You should also be satisfied that the product is     suitable for you in light of your circumstances and financial position.     Certain strategies, such as a "spread" position or a     "straddle", may be as risky as a simple Long or Short position.     Although forex and derivative instruments can be used for the management     of investment risk, some of these products are unsuitable for many     investors. You should not engage in any dealings directly or indirectly in     derivative products unless you know and understand the risks involved in     them and that you may lose entirely all of your money. Different     instruments involve different levels of exposure to risk and in deciding     whether to trade in such instruments you should be aware of the following     points:

Effect of Leverage

2. Under Margin Trading conditions even small     market movements may have great impact on the Client's Trading Account. It     is important to note that all accounts trade under the effect of Leverage.     The Client must consider that if the market moves against the Client, the     Client may sustain a total loss greater than the funds deposited. The     Client is responsible for all the risks, financial resources the Client     uses and for the chosen trading strategy.

It is highly recommended that the Client maintainsa Margin Level (percentage Equity to Necessary Margin ratio which is calculatedas Equity / Necessary Margin * 100%) of not lower than 1,000%. It is alsorecommended to place Stop Loss to limit potential losses, and Take Profit tocollect profits, when it is not possible for the Client to manage the Client'sOpen Positions.

The Client shall be responsible for all financiallosses caused by the opening of the position using temporary excess Free Marginon the Trading Account gained as a result of a profitable position (cancelledby the Company afterwards) opened at an Error Quote (Spike) or at a Quotereceived as a result of a Manifest Error.

High Volatile Instruments

3. Some Instruments trade within wide intraday     ranges with volatile price movements. Therefore, the Client must carefully     consider that there is a high risk of losses as well as profits. The price     of Derivative financial instruments is derived from the price of the     underlying asset in which the instruments refer to (for example currency,     stock, metals, indices, etc). Derivative financial instruments and related     markets can be highly volatile. The prices of instruments and the     underlying asset may fluctuate rapidly and over wide ranges and may     reflect unforeseeable events or changes in conditions, none of which can     be controlled by the Client or the Company. Under certain market     conditions it may be impossible for a Client's order to be executed at     declared price leading to losses. The prices of instruments and the     underlying asset will be influenced by, amongst other things, changing     supply and demand relationships, governmental, agricultural, commercial     and trade programs and policies, national and international political and     economic events and the prevailing psychological characteristics of the     relevant market place. Therefore, Stop Loss order cannot guarantee the     limit of loss.

The Client acknowledges and accepts that,regardless of any information which may be offered by the Company, the value ofInstruments may fluctuate downwards or upwards and it is even probable that theinvestment may become of no value. This is owed to the margining systemapplicable to such trades, which generally involves a comparatively modestdeposit or margin in terms of the overall contract value, so that a relativelysmall movement in the underlying market can have a disproportionately dramaticeffect on the Client's trade. If the underlying market movement is in theClient's favour, the Client may achieve a good profit, but an equally smalladverse market movement can not only quickly result in the loss of the Client’sentire deposit, but may also expose the Client to a large additional loss.

Liquidity

4. Some of the underlying assets may not become     immediately liquid as a result of reduced demand for the underlying asset     and the Client may not be able to obtain the information on the value of     these or the extent of the associated risks.

Futures

5. Transactions in futures involve the obligation     to make, or to take, delivery of the underlying asset of the contract at a     future date, or in some cases to settle the position with cash. They carry     a high degree of risk. The gearing or leverage often obtainable in futures     trading means that a small deposit or down payment can lead to large     losses as well as gains. It also means that a relatively small movement     can lead to a proportionately much larger movement in the value of your     investment, and this can work against you as well as for you. Futures     transactions have a contingent liability, and you should be aware of the     implications of this, in particular the margining requirements, which are     set out below.

Options

6. There are many different types of options with     different characteristics subject to the following conditions.

Buying Options:

Buying options involves less risk than sellingoptions because, if the price of the underlying asset moves against you, youcan simply allow the option to lapse. The maximum loss is limited to thepremium, plus any commission or other transaction charges. However, if you buya call option on a futures contract and you later exercise the option, you willacquire the future. This will expose you to the risks described under futures'and contingent liability investment transactions.

Writing Options:

If you write an option, the risk involved isconsiderably greater than buying options. You may be liable for margin tomaintain your position and a loss may be sustained well in excess of thepremium received. By writing an option, you accept a legal obligation topurchase or sell the underlying asset if the option is exercised against you,however far the market price has moved away from the exercise price. If youalready own the underlying asset which you have contracted to sell (when theoptions will be known as covered call options) the risk is reduced. If you donot own the underlying asset (uncovered call options) the risk can beunlimited. Only experienced persons should contemplate writing uncoveredoptions, and then only after securing full details of the applicable conditionsand potential risk exposure.

Contracts for Differences

7. The CFDs available for trading with the     Company are non-deliverable spot transactions giving an opportunity to     make profit on changes in currency rates, commodity, stock market indices     or share prices called the underlying instrument. If the underlying instrument     movement is in the Client's favour, the Client may achieve a good profit,     but an equally small adverse market movement can not only quickly result     in the loss of the Client’s entire deposit but also any additional     table-accordion commissions and other expenses incurred. So, the Client     must not enter into CFDs unless he is willing to undertake the risks of     losing entirely all the money which he has invested and also any     additional table-accordion commissions and other expenses incurred.

Investing in a Contract for Differences carries thesame risks as investing in a future or an option and you should be aware ofthese as set out above. Transactions in Contracts for Differences may also havea contingent liability and you should be aware of the implications of this asset out below.

Equities

8. Equities, represent a portion of a company’s     share capital. The extent of the Client’s ownership in a company depends     on the number of shares the Client owns in relation to the total number of     shares in issue.

Shares are bought and sold on stock exchanges andtheir values can go down. In respect of shares in smaller companies, there isan extra risk of losing money when such shares are bought or sold. There can bea big difference between the buying and selling price of these shares.

If they have to be sold immediately, the Clientsmay get back much less than they paid for them. Shares in companiesincorporated in emerging markets may be harder to buy and sell than thoseshares in companies in more developed markets and such companies may also notbe regulated as strictly.

All Equities offered are listed on an exchange,which means that the prices are not set by the Company. The Company will act onany instruction that the Client provides to buy or sell an instrument onhis/her behalf in accordance with the Company’s obligation to provide bestexecution as set out in the order execution policy, to act reasonably and inaccordance with the applicable Client Agreement and other Operative Agreements.

The Company may place the Clients instructions todeal outside of an exchange if this is in line with the order execution policy.

The Company will arrange for the custody of theClients instruments.

All equities purchased for the Client ortransferred to the Company by the Client, will be purchased in the name of thenominee company or WISHGM, and/or held by a nominee company selected by WISHGM,for the benefit of the Client.

As investments will be held in the name of anominee company, the Client may not have voting rights which he/she would havehad if he/she held the investment in his/her own name.

All financial investments involve an element ofrisk. The value of any investment the Client makes through may fall as well asrise and the Client may get back less than his/her initial investment. Pastperformance is not an indication of future performance.

The risks that the Clients are exposed to will varyaccording to the instruments they instruct the Company to buy and sell on theirbehalf.

The Clients should be aware that physical sharesadmitted to trading on a regulated market are not high risk financial products.

The Company’s services are provided on an executiononly basis. The Company does not provide investment advice in relation toEquities. The Company might provide factual information or researchrecommendations about a market, information about transaction procedures andinformation about the potential risks involved and how those risks may beminimized. However, any decision to use the products or services is made by theClient.

Collateral risks (professional/electiveprofessionals only)

When Clients enter into the Collateral Agreementwith the Company, it is agreed to take security over the assets in the ShareAccount in place of cash for payment of margin on their linked CFD Account. Thevalue of shares and CFDs will rise and fall. If the collateral value of theassets in Clients Share Account, together with any cash on Client’s linked CFDAccount, falls below the amount required to maintain the open positions, Clientmay be closed out of the CFD positions on that linked account, and the Companywill have the right to sell the assets in the Client’s Share Account in orderto pay for any resulting deficit.

As the value of the assets in the Clients ShareAccount fluctuates the value of the collateral that the Client can utilise asmargin will also fluctuate. The Client will need to monitor his/her ShareAccount and the linked CFD Account to ensure that the collateral value and anycash he/she has deposited on his/her linked CFD Account is sufficient to fundhis/her open positions on that account.

The Client will only be able to use his/hercollateral services to cover margin requirements on open positions on his/herlinked CFD Account and he/she will need to cover any running losses using theavailable cash in his/her linked CFD Account.

Off-exchange Transactions in Derivatives

9. CFDs, forex and precious metals are     off-exchange transactions. While some off-exchange markets are highly     liquid, transactions in off-exchange or non-transferable derivatives may     involve greater risk than investing in on-exchange derivatives because     there is no exchange market on which to close out an Open Position. It may     be impossible to liquidate an existing position, to assess the value of     the position arising from an off-exchange transaction or to assess the     exposure to risk. Bid prices and Ask prices need not be quoted, and, even     where they are, they will be established by dealers in these instruments     and consequently it may be difficult to establish what is a fair price.

In regards to transactions in CFDs, forex andprecious metals with the Company, the Company is using a trading platform fortransactions in CFDs which does not fall into the definition of a recognizedexchange as this is not a Multilateral Trading Facility and so do not have thesame protection.

Foreign Markets

10. Foreign markets involve various risks. On request, the Company must provide an     explanation of the relevant risks and protections (if any) which will     operate in any foreign markets, including the extent to which it will     accept liability for any default of a foreign firm through whom it deals. The     potential for profit or loss from transactions on foreign markets or in     foreign denominated contracts will be affected by fluctuations in foreign     exchange rates.

Contingent Liability Investment Transactions

11. Contingent liability investment transactions,     which are margined, require you to make a series of payments against the     purchase price, instead of paying the whole purchase price immediately.     The Margin requirement will depend on the underlying asset of the     instrument. Margin requirements can be fixed or calculated from current     price of the underlying instrument, it can be found on the website of the     Company.

If you trade in futures, Contracts for Differencesor sell options, you may sustain a total loss of the funds you have depositedto open and maintain a position. If the market moves against you, you may becalled upon to pay substantial additional funds at short notice to maintain theposition. If you fail to do so within the time required, your position may beliquidated at a loss and you will be responsible for the resulting deficit. Itis noted that the Company will not have a duty to notify the Client for anyMargin Call to sustain a loss-making position.

Even if a transaction is not margined, it may stillcarry an obligation to make further payments in certain circumstances over andabove any amount paid when you entered the contract.

Contingent liability investment transactions whichare not traded on or under the rules of a recognised or designated investmentexchange may expose you to substantially greater risks.

Collateral

12. If you deposit collateral as security with the     Company, the way in which it will be treated will vary according to the     type of transaction and where it is traded. There could be significant     differences in the treatment of your collateral depending on whether you     are trading on a recognised or designated investment exchange, with the     rules of that exchange (and the associated clearing house) applying, or     trading off-exchange. Deposited collateral may lose its identity as your     property once dealings on your behalf are undertaken. Even if your     dealings should ultimately prove profitable, you may not get back the same     assets which you deposited, and may have to accept payment in cash. You     should ascertain from your firm how your collateral will be dealt with.

Commissions and Taxes

13. Before you begin to trade, you should make     yourself aware of all table-accordion commissions and other charges for     which you will be liable. If any charges are not expressed in monetary     terms (but, for example, as a percentage of contract value), you should     ensure that you understand the true monetary value of the charges.

14. There is a risk that the Client's trades in     any Financial Instruments including derivative instruments may be or     become subject to tax and/or any other duty for example because of changes     in legislation or his personal circumstances. The Company does not warrant     that no tax and/or any other stamp duty will be payable. The Client is     responsible for any taxes and/or any other duty which may accrue in     respect of his trades.

15. The Clients are responsible for managing their     tax and legal affairs including making any regulatory filings and payments     and complying with applicable laws and regulations. The Company does not     provide any regulatory, tax or legal advice. If the Clients are in any     doubt as to the tax treatment or liabilities of investment products     available through the Company, they should seek independent advice.

Suspensions of Trading

16. Under certain trading conditions it may be     difficult or impossible to liquidate a position. This may occur, for     example, at times of rapid price movement if the price rises or falls in     one trading session to such an extent that under the rules of the relevant     exchange trading is suspended or restricted. Placing a Stop Loss will not     necessarily limit your losses to the intended amounts, because market     conditions may make it impossible to execute such an Order at the     stipulated price. In addition, under certain market conditions the     execution of a Stop Loss Order may be worse than its stipulated price and     the realized losses can be larger than expected.

Clearing House Protections

17. On many exchanges, the performance of a     transaction by your firm (or third party with whom it is dealing on your     behalf) is guaranteed by the exchange or clearing house. However, this     guarantee is unlikely in most circumstances to cover you, the Client, and     may not protect you if your firm or another party defaults on its     obligations to you. On request, the Company must explain any protection     provided to you under the clearing guarantee applicable to any on-exchange     derivatives in which you are dealing. There is no clearing house for     traditional options, nor normally for off-exchange instruments which are     not traded under the rules of a recognised or designated investment     exchange.

Insolvency

18. The Company's insolvency or default, may lead     to positions being liquidated or closed out without your consent. In     certain circumstances, you may not get back the actual assets which you     lodged as collateral and you may have to accept any available payments in     cash or by any other method deemed to be appropriate.

19. Segregated Funds will be subject to the     protections conferred by Applicable Regulations.

20. Non-segregated Funds will not be subject to     the protections conferred by Applicable Regulations. Non-segregated Funds     will not be segregated from the Company's money and will be used in the     course of the Company's business, and in the event of the Company's     insolvency you will rank as a general creditor.

4. ThirdParty Risk

This notice is provided to you in accordance withapplicable legislation.

1. The Company may pass money received from the     Client to a third party (e.g. a bank, a market, intermediate broker, OTC     counterparty or clearing house) to hold or control in order to effect a     Transaction through or with that person or to satisfy the Client 's     obligation to provide collateral (e.g. initial margin requirement) in     respect of a Transaction. The Company has no responsibility for any acts     or omissions of any third party to whom it will pass money received from     the Client.

2. The third party to whom the Company will pass     money may hold it in an omnibus account and it may not be possible to     separate it from the Client 's money, or the third party's money. In the     event of the insolvency or any other analogous proceedings in relation to     that third party, the Company may only have an unsecured claim against the     third party on behalf of the Client, and the Client will be exposed to the     risk that the money received by the Company from the third party is     insufficient to satisfy the claims of the Client with claims in respect of     the relevant account. The Company does not accept any liability or     responsibility for any resulting losses.

3. The Company may deposit Client money with a     depository who may have a security interest, lien or right of set-off in     relation to that money.

4. A Bank or Broker through whom the Company     deals with could have interests contrary to the Client's interests.