Risk Disclosure

1.1 This Disclosure

This Risk Disclosure (this "Disclosure") forms part of the Altus Terms of Service and should be read together with the Terms of Service, the Fee Schedule, the Restricted Persons & Jurisdictions Policy, the Privacy Policy, and all applicable Broker and Clearing Firm agreements and disclosures.

1.2 Acknowledgment

By accessing or using the Services, opening or maintaining an Account, funding your Account, or placing any order, you acknowledge that you have read, understood, and accepted the risks described in this Disclosure.

1.3 Non-Exhaustive Disclosure

This Disclosure is not exhaustive. Additional risks may apply depending on your personal circumstances, the products available to you, market conditions, applicable laws, tax rules, regulatory requirements, and the actions or requirements of the Broker, the Clearing Firm, exchanges, regulators, or service providers.

2.1 Substantial Risk

Trading and investing in securities involves substantial risk and is not suitable for all investors.

2.2 Possible Loss of Capital

You may lose some or all of the funds you invest. Securities prices may fluctuate sharply, rapidly, and unpredictably.

2.3 No Past Performance Guarantee

Past performance is not indicative of future results. No return, profit, yield, or investment outcome is promised or guaranteed.

2.4 Funds You Can Afford to Lose

You should invest only funds that you can afford to lose.

3.1 No Advice

The Company does not provide investment, tax, legal, accounting, financial, or trading advice and does not make personal recommendations.

3.2 Informational Content

Any information, market data, prices, charts, screeners, watchlists, research, educational materials, news, or other content made available through the Services is provided for general informational purposes only.

Such content does not constitute investment advice, tax advice, legal advice, a recommendation, an offer, or a solicitation to buy, sell, or hold any security.

3.3 Your Responsibility

You are solely responsible for evaluating each transaction, making your own investment decisions, understanding the risks of each security or transaction, and obtaining independent professional advice where appropriate.

4.1 Market Risk

Markets may be volatile, illiquid, disrupted, or otherwise unfavorable. Securities prices may move rapidly due to, among other things:

(a) news events;

(b) earnings announcements;

(c) macroeconomic developments;

(d) changes in interest rates;

(e) market sentiment;

(f) trading halts;

(g) circuit breakers;

(h) liquidity conditions;

(i) geopolitical events; or

(j) other market, legal, regulatory, or operational factors.

4.2 Liquidity Risk

Certain securities may be difficult or impossible to buy or sell at the desired time, price, or quantity. You may be unable to enter or exit positions when desired.

4.3 Execution Price Risk

Orders may not be accepted, may not be executed, may be partially executed, or may be executed at prices materially different from expected.

5.1 Order Transmission

Orders submitted through the Services are transmitted to the Broker for execution and, once executed, submitted to the Clearing Firm for clearing and settlement.

5.2 Execution Risk

Execution, clearing, and settlement may be delayed, rejected, corrected, canceled, or fail due to:

(a) market conditions;

(b) insufficient funds;

(c) operational issues;

(d) system limitations;

(e) regulatory requirements;

(f) exchange rules;

(g) broker or clearing controls;

(h) risk controls;

(i) sanctions or AML/CTF concerns; or

(j) third-party failures.

5.3 Settlement Risk

Settlement timing follows the applicable U.S. securities settlement cycle and may be affected by holidays, market disruptions, operational issues, regulatory changes, or actions of the Broker, the Clearing Firm, exchanges, clearing organizations, or regulators.

6.1 Non-U.S. Investor Risk

As a non-U.S. person investing in U.S.-listed securities, you may be subject to tax, reporting, legal, regulatory, currency, market-access, and cross-border risks in the United States and in your own jurisdiction.

6.2 U.S. Withholding Tax

You may be subject to U.S. withholding tax on certain U.S.-source income, including dividends.

The default withholding rate is generally 30%, which may be reduced under an applicable income-tax treaty if you provide a valid IRS Form W-8BEN or W-8BEN-E and satisfy all applicable requirements.

6.3 Your Tax Responsibility

You are solely responsible for determining, reporting, and satisfying your own tax obligations in all applicable jurisdictions.

The Company does not provide tax advice.

7.1 U.S. Dollar Account

Your brokerage Account is denominated in U.S. dollars. If you fund your Account using supported cryptocurrencies, such cryptocurrency will be converted into U.S. dollars before being credited for securities trading.

7.2 Conversion Risk

Crypto prices, foreign exchange rates, and conversion rates may fluctuate before, during, or after conversion.

Conversions may involve:

(a) exchange rates;

(b) spreads;

(c) fees;

(d) delays;

(e) blockchain confirmation times;

(f) liquidity limitations; and

(g) third-party processing risk.

7.3 Blockchain Transfer Risk

Crypto transfers may be irreversible once submitted to a blockchain network.

Incorrect wallet addresses, wrong network selection, missing memo or tag information, network congestion, smart-contract issues, blockchain failures, or third-party errors may result in loss, delay, or failed transfers.

8.1 Clearing Firm Custody

Your securities and brokerage cash are held by the Clearing Firm, not by the Company.

8.2 Company Role

The Company is not a bank, broker-dealer, clearing firm, custodian, or depository institution. Funds held in your brokerage Account are not protected by any bank deposit-insurance scheme.

8.3 SIPC Protection

Securities and cash held at the Clearing Firm may be protected by the Securities Investor Protection Corporation ("SIPC"), subject to SIPC rules, limits, and eligibility.

SIPC does not protect against market losses or a decline in the value of your securities.

8.4 Third-Party Risk

The Company does not guarantee the performance, solvency, obligations, acts, or omissions of the Broker, the Clearing Firm, or any other third party.

9.1 Available Products

The Services currently support only the products expressly made available to you through the Services.

9.2 Additional Products

Additional products, including options, margin, or other securities products, may be offered in the future only if separately enabled, disclosed, and approved by the Broker, the Clearing Firm, and the Company.

Such products may involve higher risks and may require additional agreements, disclosures, eligibility checks, approvals, restrictions, and fees.

9.3 No Assumption of Availability

Unless and until a product is expressly made available to you and all required approvals have been completed, you should not assume that such product is available through the Services.

10.1 System Dependency

The Services depend on internet connectivity, user devices, software, cloud infrastructure, blockchain networks, third-party systems, the Broker, the Clearing Firm, and other service providers.

10.2 Operational Disruption

System outages, latency, bugs, cyber incidents, data errors, connectivity failures, market-data delays, third-party failures, or operational disruptions may prevent, delay, or impair:

(a) access to the Services;

(b) order entry;

(c) order transmission;

(d) execution;

(e) deposits;

(f) withdrawals;

(g) account information;

(h) statements or confirmations; or

(i) other functionality.

10.3 As-Is Basis

The Services, including any market data, prices, tools, content, and functionality, are provided on an "as is" and "as available" basis.

11.1 Loss of Eligibility

If you become, or are suspected of being, a US Person, Restricted Person, resident or national of a Restricted Jurisdiction, located in a Restricted Jurisdiction, subject to sanctions, or otherwise ineligible, your Account may be restricted, suspended, liquidated, or closed.

11.2 No Prior Notice

Such action may occur without prior notice where permitted by applicable law and may result in losses.

11.3 Return of Funds

Remaining cash, if any, may be returned only to a verified non-U.S. funding source or other approved verified destination, subject to sanctions, AML/CTF, tax, legal, regulatory, and operational requirements.

12.1 Changes in Law or Requirements

Laws, regulations, tax rules, sanctions programs, exchange rules, broker requirements, clearing requirements, and product availability may change at any time.

12.2 Impact of Changes

Such changes may affect your ability to:

(a) access the Services;

(b) trade certain securities;

(c) maintain positions;

(d) deposit or withdraw funds;

(e) continue holding an Account; or

(f) receive certain products, features, or services.

For questions about this Disclosure, contact:

info@altus.trade