International Risk Disclosure

Risk disclosure at a glance

• Leveraged trading can produce rapid and substantial losses from relatively small market movements.
• Margin requirements can change, and positions may be reduced or closed without prior notice when available equity is insufficient.
• Stop-loss and other contingent orders are not guaranteed to execute at the requested price.
• Volatility, market gaps, low liquidity, news, and disrupted trading can cause slippage, wider spreads, delayed execution, rejection, or an inability to close a position.
• CFDs and rolling spot foreign-exchange transactions are generally over-the-counter contracts, not trades on an underlying exchange. You are exposed to the credit and operational risk of your contractual counterparty.
• You normally acquire no ownership, voting, custody, delivery, or other rights in the underlying asset.
• Prices and market data can differ between providers and may be delayed, indicative, incomplete, or unavailable.
• Platform, connectivity, device, communication, cyber, and third-party failures can affect access, instructions, and execution.
• Digital-asset-referenced products involve additional volatility, liquidity, market-fragmentation, technology, legal, and cyber risks.
• No trading strategy, automated system, hedging technique, or risk-management tool eliminates the possibility of loss.

1. Purpose and scope

This Disclosure applies only to the international Website and international account route operated by RockGlobal International LLC. It covers risks that may arise in connection with CFDs, rolling spot foreign exchange, and other leveraged or derivative products made available under an applicable Client Agreement.

References to RG International, RockGlobal, RG, we, us, and our in this Disclosure mean RockGlobal International LLC. References to you and your mean the applicant, client, authorised person, or prospective client using the international route.

Product availability depends on your residence, eligibility, account type, platform, and the terms in force when you trade. Mentioning a product or market in this Disclosure does not mean that it is available to you or may lawfully be offered in your jurisdiction.

This Disclosure is not exhaustive and is not personal financial, investment, legal, tax, or accounting advice. It does not assess whether a product is appropriate for your objectives, financial circumstances, knowledge, experience, or risk tolerance.

2. Responsible entity and international route

The responsible entity for this Disclosure is:

RockGlobal International LLC
Company No. 3108 LLC 2023
Registered in Saint Vincent and the Grenadines

RG International is a company registered in Saint Vincent and the Grenadines. Company registration is not, by itself, a financial-services licence, regulatory authorisation, endorsement, or guarantee of performance or solvency.

The international route is separate from RockGlobal's Australian and New Zealand routes. Australian and New Zealand visitors must use the relevant local Website and review the disclosures issued by the entity responsible for that route. Rights, protections, leverage settings, complaint pathways, and compensation arrangements can differ materially between jurisdictions and entities.

The international Website and its services are not directed to persons in jurisdictions identified as restricted on the Website or in the applicable Client Agreement. You are responsible for ensuring that your access and trading are lawful where you live or act.

3. Principal risk summary

4. Suitability, knowledge, and capacity for loss

Leveraged derivatives are intended only for persons who understand their structure and can withstand substantial or complete loss of the capital committed to trading. They may be unsuitable if you:

• require capital preservation, predictable income, or a guaranteed return;
• cannot monitor positions and margin while markets are open;
• do not understand leverage, margin, financing, order types, and OTC execution;
• rely on funds needed for housing, living expenses, education, debt repayment, emergencies, retirement, or another essential purpose;
• would be unable to meet a payment obligation arising under the Client Agreement; or
• are unable to tolerate rapid loss, uncertainty, or significant price fluctuation.

Use only risk capital that you can afford to lose. Borrowing to fund trading, using credit, or committing substantially all available savings can materially increase financial harm. Your ability to absorb a loss can change over time, and a previous assessment does not remove your responsibility to reassess your circumstances.

Any appropriateness, knowledge, or experience assessment conducted by RG International is limited to the information requested and provided. It is not advice, approval of a strategy, a prediction of success, or a guarantee that a product is suitable for you.

5. Leverage and margin risk

Leverage allows you to obtain market exposure greater than the amount initially committed as margin. It magnifies the financial effect of each price movement. A movement that is small relative to the underlying market can represent a large percentage gain or loss relative to your account equity.

5.1 Initial and maintenance margin

You must maintain the margin required for your open positions. Margin requirements may differ by instrument, account, position size, direction, concentration, volatility, liquidity, event risk, or market conditions. RG International may change margin rates in accordance with the Client Agreement, including before weekends, holidays, elections, economic releases, corporate events, or periods of exceptional volatility.

An increase in margin can reduce your available margin immediately. You may need to deposit additional cleared funds, reduce exposure, or close positions. Transfers can be delayed or rejected, and an intended deposit does not count as available margin until it has been received, cleared, and credited.

5.2 Margin close-out and liquidation

If account equity falls below an applicable threshold, RG International may reject new orders, cancel pending orders, reduce positions, or close some or all positions in accordance with the Client Agreement. Close-out may occur automatically and without prior notice. You should not rely on receiving or acting on a margin alert before liquidation.

Positions may not be closed in the order you expect. The price available when liquidation is executed may be materially worse than the price that triggered the close-out process. A rapid or gapping market can cause several positions to be closed before account values update.

5.3 Loss beyond deposited funds

You must not assume that negative-balance protection applies. Unless the Client Agreement expressly provides a protection for your account and the relevant event falls within its scope, losses may exceed the funds in your account. You may remain liable for a debit balance, costs, interest, recovery expenses, or other amounts permitted by the agreement and applicable law.

Even where a contractual protection is stated, it may be subject to eligibility conditions, exclusions, aggregation rules, abuse provisions, or legal limitations. Review the current terms before trading.

6. Market volatility, gapping, and liquidity

Financial markets can move rapidly and unpredictably. Prices may be affected by economic data, central-bank decisions, political developments, conflict, sanctions, natural disasters, public-health events, market sentiment, corporate announcements, technology incidents, order imbalances, or unexpected news.

6.1 Volatility and gaps

A price gap occurs when the next available price is materially different from the previous price, with no tradable prices between them. Gaps can occur when a market opens, resumes after a halt, moves through thin liquidity, or reacts to news. Weekend and holiday closures can increase this risk.

During volatile or gapping conditions:

• spreads may widen substantially;
• executable prices may change before an order reaches the execution venue or counterparty;
• stop orders may execute at the next available price rather than the stop level;
• limit orders may not execute despite the market touching an indicative level;
• orders may be delayed, partially filled, rejected, or cancelled; and
• losses can accumulate faster than you can monitor or respond.

6.2 Liquidity risk

Liquidity is the ability to transact in a desired size without materially affecting the price. Liquidity can decline suddenly and can vary between instruments, sessions, price levels, and providers. A price displayed on a chart does not guarantee that sufficient volume is available to execute your order at that price.

Large, concentrated, or unusual orders can experience greater slippage or may need to be executed in parts. In an illiquid or suspended market, you may be unable to open, amend, hedge, or close a position when you wish.

For further educational context, read Why Active Markets Can Still Feel Harder to Fill.

7. Pricing, execution, and order risk

RG International's tradable prices may be derived from reference markets, liquidity providers, pricing sources, aggregators, internal calculations, or a combination of these. An RG price may differ from a price shown by an exchange, news service, charting provider, another broker, or the underlying cash market because of timing, liquidity, spread, methodology, financing, contract terms, or technical factors.

7.1 Slippage and execution uncertainty

Slippage is the difference between an expected or requested price and the price at which an order is executed. Slippage may be favourable or unfavourable. It is more likely during volatility, low liquidity, market openings, news events, gaps, large orders, or connectivity delays.

An order submission is a request for execution, not confirmation of a trade. Execution is complete only when accepted and recorded in accordance with the Client Agreement and platform records. A pending, displayed, or locally generated status may not mean that the instruction has reached or been accepted by the relevant server.

7.2 Stop, limit, and contingent orders

Ordinary stop-loss orders are not guaranteed. When triggered, a stop order generally becomes an instruction to trade at the next available executable price. That price may be substantially worse than the stop level.

A limit order controls the worst acceptable price but does not guarantee execution. It may remain unfilled or be only partly filled if available liquidity is insufficient, price moves too quickly, or other orders have priority.

Trailing stops, take-profit orders, one-cancels-the-other instructions, and other contingent features depend on platform logic, market data, server availability, and the terms of the relevant order type. They may not operate as expected during gaps, suspensions, disconnections, or exceptional events.

7.3 Errors, corrections, and manifest pricing events

Prices, executions, statements, or account values can be affected by feed errors, stale prices, duplicate data, software defects, obvious or manifest errors, or unauthorised activity. The Client Agreement may permit RG International to investigate and correct or cancel an affected transaction. A displayed profit or withdrawal balance may therefore be adjusted where the governing terms allow.

8. OTC structure and counterparty risk

CFDs and rolling spot foreign-exchange transactions are generally entered into over the counter. Unless the Client Agreement or trade confirmation states otherwise, you do not transact directly on an underlying exchange and do not acquire the underlying asset.

Your contractual rights are against the counterparty identified in your Client Agreement or confirmation, ordinarily RG International for the international route. Where RG International acts as principal, it is the seller when you buy and the buyer when you sell. It may hedge some, all, or none of its resulting exposure with third parties. Hedging by RG International does not transfer your contract to an exchange or remove your exposure to RG International.

The OTC structure creates risks including:

• credit risk: the counterparty may fail to perform payment, withdrawal, close-out, or other obligations;
• insolvency risk: recovery may be delayed, reduced, or unavailable if the counterparty or a material provider becomes insolvent;
• pricing risk: quoted prices depend on the counterparty's methodology, sources, liquidity, and systems;
• execution risk: the counterparty applies the order and execution rules in the Client Agreement; and
• conflict risk: the counterparty may earn spreads, commissions, financing, mark-ups, or other revenue from your activity and, when acting as principal, its economic interests may not always align with yours.

Risk controls, internal policies, or external hedging cannot eliminate counterparty risk. You should consider the counterparty's legal status, contractual terms, financial position where information is available, dispute process, and the protections that actually apply to your route.

9. Product-specific risks

9.1 Contracts for difference

A CFD is a derivative contract based on the change in value of a reference asset or price. It normally provides no ownership, voting rights, custody rights, delivery rights, or claim against the issuer of the underlying asset. Your result is determined by the difference between opening and closing values, adjusted for size, currency conversion, financing, commissions, spreads, corporate actions, and other applicable charges.

CFDs can be long or short. A long position loses value when the reference price falls. A short position loses value when the reference price rises, and the potential adverse movement in a rising market can be very large. Product terms, trading hours, price sources, and adjustments may differ from those of the underlying market.

9.2 Foreign exchange

Foreign-exchange prices are affected by interest rates, inflation, central-bank action, economic releases, capital flows, geopolitical events, interventions, controls, and market sentiment. Currency markets may trade across global sessions, but liquidity and spreads are not uniform throughout the day.

Risks can be greater in emerging-market, restricted, thinly traded, or so-called exotic currencies. Authorities may impose exchange controls, devalue or revalue a currency, change convertibility, intervene in markets, or restrict settlement. Rollover, tom-next, and financing adjustments can change sharply around holidays, month-end, stress events, or interest-rate changes.

If your account currency differs from the profit-and-loss, margin, fee, or funding currency of a position, exchange-rate movements and conversion charges can independently increase loss or reduce profit.

9.3 Commodities and energy

Commodity and energy prices can be affected by weather, seasonality, crop conditions, production decisions, inventories, transport, storage capacity, geopolitical events, sanctions, cartels, environmental rules, and sudden changes in supply or demand.

Many commodity-reference prices are linked to futures contracts. Expiry, delivery conditions, futures-curve structure, and contract roll methodology can create differences between spot expectations and CFD performance. Roll adjustments and financing may materially affect returns over time. In extreme conditions, a reference futures price can approach zero or become negative.

9.4 Indices

An index is a calculated measure, not an asset that can generally be owned directly. Index values depend on methodology, constituent selection, weightings, corporate actions, dividend treatment, rebalancing, calculation agents, and the trading status of component markets.

An index CFD may be priced from cash markets, futures, fair-value calculations, or a combination. It may remain quoted when some constituent markets are closed, or become unavailable when the reference market is disrupted. Opening gaps, rebalances, dividend adjustments, and differences between cash and futures pricing can affect your result.

9.5 Share CFDs

Share CFDs are exposed to company-specific events including earnings, guidance, capital raisings, insolvency, takeover activity, trading halts, delisting, dividends, splits, consolidations, and regulatory announcements. Short positions can be affected by limited borrow, recall, buy-in risk, increased financing, or restrictions on short selling.

Corporate-action adjustments seek to reflect the economic effect specified in the product terms but may not reproduce the rights of an underlying shareholder. You do not normally receive voting rights or direct participation rights.

9.6 Digital-asset CFDs

Digital-asset-reference products are exceptionally speculative and can be subject to extreme price movements, fragmented liquidity, manipulation, cyber incidents, technology failure, legal uncertainty, and rapid changes in market access. Reference markets may operate continuously even when the RG platform or a particular product is closed, increasing gap risk when trading resumes.

Additional risks include:

• inconsistent prices and liquidity across exchanges, venues, or index constituents;
• forks, airdrops, protocol changes, governance disputes, validator or mining disruption, and network congestion;
• stablecoin de-pegging, token failure, market manipulation, or concentrated ownership;
• exchange, custodian, wallet, bridge, oracle, or pricing-source failure;
• hacking, theft, fraud, sanctions, and loss of market confidence;
• abrupt legal, tax, or regulatory restrictions; and
• suspension, delisting, replacement, or discontinuation of a reference asset or price source.

Trading a digital-asset CFD does not normally give you ownership of a token, a private key, wallet access, participation in a fork or airdrop, or a claim against a digital-asset network. Any treatment of an underlying event is governed by the product specifications and Client Agreement.

10. Costs, financing, and currency conversion

Trading results must be assessed after all costs. Depending on the product and account, costs may include spreads, commissions, mark-ups, overnight financing, swaps, borrow charges, data or platform charges, inactivity fees, payment costs, taxes, and currency-conversion charges.

For an educational breakdown of these cost layers, read Spreads, Commissions and Total Trading Cost Explained.

Costs can increase during volatile or illiquid markets and can materially reduce a profit or increase a loss. Financing is generally applied for each relevant holding period and can make a position increasingly expensive over time. Rates may be variable, may differ for long and short positions, and may include multi-day adjustments around weekends or holidays.

Holding offsetting or hedged positions does not necessarily eliminate market exposure, margin requirements, financing, spread, execution, basis, or counterparty risk. Both sides of a hedge can incur costs, and imperfect correlation can produce losses on both positions.

11. Trading hours, expiries, and market events

Trading hours can differ from the hours of the underlying market and can change for holidays, daylight-saving adjustments, maintenance, liquidity conditions, or market events. A market described as available for extended or near-continuous hours may still have breaks, reduced liquidity, or periods when orders cannot be entered or executed.

Some instruments expire, roll, or are replaced by another reference contract. If you do not close an expiring position, RG International may close, settle, adjust, or roll it in accordance with the product terms. The replacement contract can trade at a materially different price because of interest, storage, dividends, supply, demand, or futures-curve conditions.

Trading halts, price limits, exchange closures, reference-price disruption, delisting, nationalisation, sanctions, corporate actions, or index changes may lead to suspension, altered margin, cash adjustment, position reduction, alternative valuation, or closure under the Client Agreement.

12. Platform, technology, and operational risk

Trading depends on complex technology operated by RG International and third parties. No platform, network, data feed, hosting environment, device, or communication channel is continuously available or error-free.

Risks include:

• platform maintenance, outage, overload, latency, freezing, or degraded performance;
• internet, mobile-network, electricity, device, browser, operating-system, or application failure;
• delayed, lost, corrupted, duplicated, or out-of-sequence messages and instructions;
• chart, price, balance, margin, or position displays that are delayed or inconsistent;
• software defects, incompatible updates, configuration errors, or third-party failure;
• inability to log in, authenticate, receive a code, contact support, or access an alternative channel; and
• differences between the time shown on your device and the time recorded by the trading server.

You are responsible for maintaining compatible equipment, reliable connectivity, current software, sufficient power, and appropriate contingency arrangements. Mobile access and push notifications should not be your only method of monitoring risk. Support channels may not accept trading instructions, and messages sent by email, chat, or Website form may not be received or acted on in time.

Platform interruption does not automatically cancel an existing order, stop financing, prevent margin close-out, or suspend your obligations. The authoritative status of an order or position is determined under the Client Agreement and RG International's server records, subject to applicable correction rights.

13. Automated trading and strategy risk

Expert advisers, algorithms, copy-trading tools, signals, application programming interfaces, scripts, and other automated systems can submit orders rapidly and repeatedly. A logic error, incorrect parameter, stale signal, incompatible update, connectivity issue, or unexpected market condition can generate substantial losses before intervention is possible.

Back-tests, simulations, optimisation, hypothetical returns, and demo results rely on assumptions and may omit slippage, liquidity limits, financing, execution delay, rejected orders, market impact, changing correlations, and operational failure. Overfitting can make a strategy appear reliable when it is not.

RG International does not guarantee the availability, compatibility, accuracy, profitability, or continued operation of a third-party or client-configured strategy. You remain responsible for monitoring automated activity, setting appropriate controls, protecting credentials, and understanding every instruction submitted to your account.

14. Cybersecurity, credentials, and fraud risk

Online financial services are exposed to phishing, malware, account takeover, credential stuffing, social engineering, identity theft, SIM-swap attacks, fraudulent applications, malicious software, and impersonation of RockGlobal personnel or partners.

You should:

• use unique passwords and available multi-factor authentication;
• protect devices, email accounts, authentication codes, and recovery methods;
• verify domains, applications, payment instructions, and contact details through an official channel;
• never disclose a password, full security code, private key, or remote device access to an unsolicited caller or message sender; and
• notify RG International immediately if you suspect compromise, unauthorised access, or a fraudulent communication.

Security controls reduce but do not eliminate risk. Instructions submitted with valid credentials may be treated as authorised to the extent permitted by the Client Agreement and applicable law. Delayed reporting can increase loss and reduce the ability to recover funds or prevent further activity.

15. Market data and third-party services

Charts, prices, news, calendars, research, commentary, indicators, calculators, sentiment measures, and educational content may be supplied by third parties. They may be delayed, indicative, incomplete, inaccurate, subject to revision, or calculated differently from executable prices.

Nothing in general market content takes account of your personal circumstances. Research, analyst opinion, social content, education, signals, and examples are not guarantees and may become out of date without notice. Past performance is not a reliable indicator of future results.

Third-party platforms, downloads, websites, payment providers, liquidity providers, data sources, and communication services apply their own terms and may fail, suspend service, change methodology, or suffer cyber incidents. RG International's use of or link to a provider does not remove the provider's independent risks or necessarily constitute endorsement.

16. Client money, payments, and insolvency risk

The holding and treatment of money connected with your account are governed by the Client Agreement, the payment method, the banking or payment chain, and the law applicable to the international route. Do not assume that funds receive the same segregation, trust, custody, deposit-insurance, compensation-scheme, or priority treatment that may apply through another RockGlobal entity or in another jurisdiction.

Banks, payment providers, correspondent institutions, wallet services, and other intermediaries can delay, reject, freeze, reverse, misdirect, or become unable to process a payment. Currency conversion, banking hours, compliance checks, network congestion, sanctions screening, and incorrect instructions can affect timing and value.

If RG International or a material bank, payment provider, liquidity provider, custodian, or technology provider becomes insolvent or defaults, access to money, positions, records, or withdrawals may be delayed and recovery may be less than the amount claimed. Contractual or operational arrangements cannot eliminate this risk.

17. Legal, regulatory, tax, and cross-border risk

Laws, regulations, sanctions, exchange controls, tax rules, product restrictions, and regulatory interpretations can change rapidly and may apply differently depending on residence, citizenship, location, client classification, entity, or activity.

A change may affect product availability, leverage, margin, trading hours, settlement, reporting, costs, payments, withdrawals, data processing, or the ability to maintain or close a position. RG International may be required to restrict an account, request information, reject an instruction, freeze a payment, or close a position to comply with law, sanctions, court order, provider restriction, or the Client Agreement.

You are responsible for obtaining independent advice about the legal and tax consequences of trading. Tax treatment can change and may depend on your personal circumstances. RG International does not guarantee a particular tax result and may make reports or withhold amounts where legally required.

Accessing the international Website from a country does not mean that RG International is authorised there, that a product may be offered there, or that local investor protections apply. You may have fewer regulatory, complaint, compensation, or enforcement protections than you would with a locally authorised provider.

18. Extraordinary events and force majeure

Events outside reasonable control can materially affect markets and services. These may include war, terrorism, civil disorder, sanctions, government action, natural disaster, public-health emergency, power or communications failure, cyberattack, market closure, exchange or clearing failure, liquidity-provider withdrawal, banking disruption, or failure of critical infrastructure.

During an extraordinary event, RG International may take action permitted by the Client Agreement, including changing margin, widening spreads, restricting orders, suspending a product, applying an alternative price, cancelling an affected instruction, or closing a position. Such action may not prevent loss and may occur with limited or no advance notice where circumstances require.

19. Limits of trading risk controls

Risk-management measures can reduce some exposures but cannot guarantee a maximum loss or profitable outcome. Their limitations include:

• diversification can fail when markets become highly correlated;
• a hedge may be imperfect, unavailable, costly, or exposed to basis risk;
• stop orders can slip or fail to execute in a gap or illiquid market;
• position limits and margin controls do not prevent all losses;
• alerts can be delayed, missed, or generated from indicative information;
• a demo environment may not reproduce live liquidity, psychology, slippage, financing, or execution; and
• historical volatility and correlation may not predict future conditions.

You should determine position size, maximum acceptable loss, available liquidity, and monitoring arrangements before entering a trade. You should also consider how several positions, currencies, products, or strategies may combine to create concentrated exposure.

No statement by RockGlobal personnel, partner, educator, affiliate, introducing broker, strategy provider, or other person can eliminate the risks in this Disclosure or guarantee an outcome.

20. Your responsibility and acknowledgement

By applying for or operating an account through the international route, you are responsible for:

• reading and understanding the documents that govern the account and each product;
• ensuring that information provided to RG International is accurate and current;
• deciding whether each trade is appropriate for your circumstances;
• understanding the notional exposure, margin, liquidation level, costs, and worst reasonably foreseeable loss;
• monitoring open positions, pending orders, account equity, communications, and changing market conditions;
• maintaining sufficient cleared funds and reliable access arrangements;
• checking confirmations and statements promptly and reporting suspected errors within the required period; and
• complying with applicable law, tax, sanctions, and geographic restrictions.

Your decision to trade is your own. Execution-only service does not transfer responsibility for that decision to RG International. Acceptance of an order, availability of leverage, or access to a platform does not mean that RG International recommends the trade or considers it suitable for you.

If any part of this Disclosure is unclear, do not trade until you have obtained clarification and, where appropriate, independent professional advice.

21. Relationship with other documents

This Disclosure is a general risk statement. It does not replace the Client Agreement, product specifications, execution terms, margin schedule, costs and charges information, instrument notice, or a disclosure required for a particular jurisdiction or service.

If there is an inconsistency, the Client Agreement and applicable service-specific terms govern the contractual relationship, subject to mandatory law. Nothing in this Disclosure excludes or limits a duty or liability that cannot lawfully be excluded or limited.

22. Changes to this Disclosure

RG International may update this Disclosure to reflect changes in products, execution arrangements, technology, providers, law, or market practice. The current version will be published on the international Website with its effective and last-updated dates.

A change to this Disclosure does not by itself amend the Client Agreement. Contractual changes will be made in accordance with that agreement and applicable law.

23. Contact us

Questions about this Disclosure or the international route should be directed to:

Legal and Compliance
RockGlobal International LLC
Company No. 3108 LLC 2023
2nd Floor, Reigate Building, P.O. Box 356
Kingstown, Saint Vincent and the Grenadines
Email: info@rockglobal.com

Do not send urgent trading instructions, passwords, authentication codes, or unnecessary identity documents by ordinary email. Use the authorised platform and support channels described in your Client Agreement.