HIGH RISK WARNING: Before you decide to trade either foreign currency (“Forex”) or options, carefully consider your investment objectives, experience level, and risk tolerance. Over the counter leveraged Forex spot trading (“Spot Trading”), and options trading (“Options Trading”) both carry high levels of risk that may not be suitable for all investors. Educate yourself on the risks associated with Spot and Options Trading, and seek advice from an independent financial or tax advisor if you have any questions. With Spot Trading, you could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Leverage, offered as part of Spot Trading, creates additional risk and loss exposure. With Options Trading, you could not only lose all of your initial investment, but the potential to lose money is potentially unlimited when you write an option. Purchasers and sellers of Forex options should familiarize themselves with the type of option (i.e., put or call) which they contemplate trading and the associated risks. You should calculate the extent to which the value of the options must increase for your position to become profitable, taking into account the premium paid, other all transaction costs if any and rate of premium/time decay.