Risk Factors

Please read the following Risk Disclosures carefully. If you have any questions please contact your IBS representative.

NFA Notice

NFA Notice Integrated Brokerage Services, LLC (NFA#238748) and Alliance Financial, LLC (NFA#281989) are members of the National Futures Association (NFA).

Forex Risk Disclosure

FOREX RISK DISCLOSURE Past results are not necessarily indicative of future results. Forex trading, even when done by a professional trader, presents substantial risk of loss, and only funds that a customer can afford to lose should be used for Forex trading. The off-exchange nature of this type of foreign exchange trading can increase the risks associated with such trading. Funds deposited with a Foreign Exchange dealer are not required and will not be segregated for the benefit of Foreign Exchange customers and no preferential treatment will be provided these funds in the event of a dealer bankruptcy. Foreign exchange transactions conducted online carry additional risk of loss in the event of a hardware/software failure or communication disruption. You should carefully examine whether or not Forex trading is suitable for you in light of your financial condition.

IBS Forex Pricing Policy

IBS FOREX PRICING POLICY — IBS Forex acts as a Principal in all Foreign Exchange transactions with its customers and as such takes the other side of your trade(s) for its own account and risk. IBS Forex may Mark-Up or Down the price(s) of these transactions. The amount of any such Mark-Up/Down will vary depending on the transaction’s size, amount of time to maturity and prevailing market conditions. IBS Forex may have offset its risk involved in these transactions directly or may have assumed the market risk of these transactions without taking any steps to hedge or reduce its market exposure.

For more information on IBS Forex’s Pricing Policies please contact the IBS Forex Compliance Department at 1-877-868-6780 Toll-Free.

FINRA/SIPC Notice

FINRA/SIPC Notice IBS Securities, LLC (B/D #037921) is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC) and is registered with the various states.

Securities Investor Protection Corporation is located at 805 15th Street, N.W. Suite 800, Washington, D.C. 2005-2215. You can contact them via phone at (203) 271-8300; by fax at (202) 371-6728; or via email at asksipc@sipc.org

Monies deposited with Integrated Brokerage Services, LLC d/b/a IBS Futures, d/b/a IBS Forex
, d/b/a IBS Metals; or with Alliance Financial, LLC d/b/a AFMetals are not SIPC insured.