Dear Megabit Users:
The contract trading services provided by the Megabit platform involve significant leverage and high risk. By registering and using Megabit for trading, users acknowledge, fully understand, and agree to the contents of this risk disclosure. The content of this risk disclosure is subject to the Chinese version.
Introduction
This risk disclosure aims to clarify the high risks associated with contract trading and help investors assess their conditions for participating in contract trading. Due to the risks involved, investors should carefully read this risk disclosure before confirming this agreement and using Megabit for trading. Investors must ensure they fully understand the risks of contract trading, trading rules, and make decisions based on their experience, goals, financial situation, and risk tolerance.
Suitable Investors
Contract trading carries extremely high risks and is only suitable for individuals who fully understand all the risks involved and can bear partial or total loss of assets due to investment failure, or for professional investors.
Risks Involved
1. Price Volatility Risk
Digital currencies are characterized by high price volatility. Due to various factors, it is challenging to predict the direction of investments in actual trading, leading to a high likelihood of investment failure and significant losses. Investors must bear all losses incurred under normal investment conditions.
2. Trading Risk
1.Due to the high leverage involved in contract trading, both profits and losses can occur very rapidly. In the case of rapid and severe market fluctuations, substantial losses may occur, and forced liquidation may happen. Investors must bear all losses resulting from such conditions.
2.Contract trading is a market activity that, once executed, cannot be canceled. Investors must accept the risks associated with this irreversible nature.
3.The trading platform only provides a stable and neutral trading tool and environment and does not guarantee any profits. It neither shares profits with investors nor bears any risks with them.
3. Regulatory Risk
Digital asset contract trading may be subject to regulatory risks in certain jurisdictions. Investors should carefully understand the regulatory background of their region before deciding whether to participate in investment.
4. Other Potential Risks
1.When using high leverage, market risks are significantly amplified. To prevent investors from bearing excessive risks and to maintain market stability, the platform reserves the right to adjust the positions and leverage of investors using high leverage during extreme market conditions. This may include, but is not limited to, communication, risk warnings, mandatory position reductions, forced liquidations, leverage adjustments, and order cancellations. Such actions will be announced officially.
2.Investors should pay close attention to official information disclosures and manage their positions promptly. Any potential losses or gains resulting from this are the sole responsibility of the investor.
Important Notice
By registering and using Megabit services, investors are deemed to fully acknowledge, understand, and agree to this risk disclosure, as well as all risks and business rules related to contract trading.
This risk disclosure provides a non-exhaustive list of the risks associated with contract trading. Investors should also be aware of and understand other potential risk factors before participating in contract trading.
Megabit sincerely advises investors to make cautious decisions about participating in contract trading based on their risk tolerance and actual situation.
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