Policy Statements

Risk Disclosure

Forex trading can be challenging, sophisticated and experienced traders may make a profit. However, before deciding to enter the foreign exchange market, you should carefully consider your investment objectives, level of experience and your personal tolerance of the associated risk.

More importantly you should realistically gauge your level of investment, do not invest all your funds.

Any foreign exchange transactions carry with them a significant risk. Currency related transactions will be exposed from risks in the areas of but not limited to, potential changes in the political environment and / or economic conditions of said specified currency. Such changes may result in a significant impact on the price or liquidity of a specific currency.

In addition, Foreign exchange trading is by nature a leveraged trade, that is to say various market dynamics have the ability to affect your deposited funds. However the impact of said leverage will always be proportional to your personal selections. Your personal decisions towards leverage may work against you, however they may also be to your personal advantage.

You may sustain a total loss of your initial margin, and may require a margin call to maintain your position. In the event you are unable to establish a margin call within the specified time, your position will be liquidated and said losses will be absorbed at your own risk.

Investors may be using various hedging strategies to reduce risks, such as "STOP", or "Limited" orders.

Risk Management

The Forex market is the worlds largest and most liquid of the various financial markets available. Macroeconomic strength of the global economy at any time is a major factor in the current real time monetary value of a foreign currency, therefore the various trends are most easily observed and recognizable through the observation of various currency law.

Thus for positive type traders, the forex market is a very attractive option and in theory they are the most likely to be successful. However successful traders are limited by many factors, the main factors include but are not limited to Many initial traders have an unrealistic expectation of profit potential and can lack the necessary trade principles to be a competent trader.

Short term trading is not suitable for amateur investors, for the majority of people short term trading is not a shortcut to quickly gain wealth. Although the foreign exchange market has its own unique characteristics and an investors familiarity and experience with the foreign exchange market does not directly correlate with that of traditional markets, (i.e equities, future and other various markets) this does not mean investors should disregard basic financial rules and simple logical judgement.

Investors cannot expect not to take any risk and obtain a high yield profit. Doing so may result in an unstable trading performance, and often the investor can be subjected to high losses. Currency trading is not simple, many trader with years of experience still often suffer losses. Investors must be understand that it takes time to learn forex trading and become competent, this process has no shortcuts.

Foreign exchange transactions most attractive feature is the use of high leverage. For those investors with the expectations of taking a small initial fund and generating a high yield in a short period of time utilizing leverage can be very attractive.

However leverage must be viewed as a double edged sword. On the One hand, a single lot of (US $ 10,000) Currency really only requires a minimum deposit of $ 100, but that does not mean that funds of the account in the amounts of $ 1,000 trades can easily trade ten lots of said currency. A lot is equal to the amount of US $10,000, therefor 10 lots are equal to that of $100,000 rather than the initial margin of US $1000.

Most investors will conduct technical analysis and / or fundamental analysis, and then under his own judgment place the order (trade). Unfortunately, these investors are also easily exposed to excessive use of leverage (that is, the position size is too large, exceeding the capacity of its portfolio), the direct consequences of such a situation are that they are often forced to close the lot at the wrong time.

For example, if your account value is $ 10,000 and pending orders One hand, your actual leverage ratio of 10 to 1, which is already a quite high leverage. The majority of professional money managers will not exceed a leverage amount in excess of 3 / 4 times.

In forex trading, if you use a gradual increase in the trade volume control, and the utilization stop loss orders to protect your positions, you will have a greater chance of success.

The third party trading platform

Since the MetaTrader 4 platform is provided by a third party entity, we at NoaPrime may not be able to fully control and restrict the platform. People who are trading on such platforms may face systemic risks, including, but not limited to, issues directly resulting from NoaPrime communications infrastructure and/or the electronic trading systems connected to it.

Due to a system failure or other interruption, orders may not be in accordance with your instructions, or completely unable to perform/complete said order. Additionally, due to a system failure or other interruption, you may not be able to give instructions to modify orders or view your trading positions and/or market data.

As the electronic trading platform is provided by a third-party vendor, under the premise of that there is no legal precedent, NoaPrime shall not be held liable for any loss or damage suffered as a direct result of the use, operation or performance of the electronic trading system.

Privacy

It is our policy to respect the confidentiality of information and the privacy of individuals. We are also bound by principles contained in the Data Protection Act 1998 and the EU e-Privacy Directive.

This Policy will be reviewed from time to time to take account of changes to our operations or practices and, further, to make sure it remains appropriate to any changes in law, technology and the business environment. You should check this page from time to time to ensure that you are happy with any changes. Any information held will be governed by our most current Policy.

Information We May Collect From You

We may collect and process the following data about you:

  • Information that you provide by filling in forms on our website www.noaprime.com. This includes information provided at the time of registering to use our website, subscribing to our service, posting material or requesting further services. We may also ask you for information when you report a problem with our website.
  • If you contact us, we may keep a record of that correspondence
  • We may also ask you to complete surveys that we use for research purposes, although you do not have to respond to them
  • Details of transactions you carry out through our website
  • Your historic trading track-record, and information about any trades from the point you start reporting them to us
  • Details of your visits to our Website including, but not limited to, traffic data, location data, weblogs and other communication data, whether this is required for our own billing purposes or otherwise and the resources that you access
  • Your contributions to us and/or to the website.

IP Addresses

We may collect information about your computer, including where available your IP address, operating system and browser type, for system administration and to report aggregate information to our advertisers. This is statistical data about our users' browsing actions and patterns, and does not identify any individual.

How We Use Cookies

Our Website uses cookies to distinguish you from other users of our website. This helps us to provide you with a good experience when you browse our website and also allows us to improve our Website. For further information, please see our Cookie Policy.

Where We Store Your Personal Data

All information you provide to us is stored on secure servers within the European Economic Area, or with providers that comply with the US-EU Safe Harbor Framework, as set forth by the U.S. Department of Commerce. Any payment transactions will be encrypted using SSL technology. Where we have given you (or where you have chosen) a password, which enables you to access certain parts of our website, you are responsible for keeping this password confidential. We ask you not to share a password with anyone.

The privacy and confidentiality of your personal information is of fundamental importance to us. We take all appropriate security measures to protect against unauthorised access to or unauthorised alteration, disclosure or destruction of data and personal information.

We restrict access to personal information to employees, contractors and agents in order to operate, develop or improve our services.

Uses Made Of the Information

We use information held about you in the following ways:

  • To ensure that content from our website is presented in the most effective manner for you and for your computer
  • To provide you with information, products or services that you request from us, or which we feel may interest you, where you have consented to be contacted for such purposes
  • To carry out our obligations arising from any contracts entered into between you and us
  • To allow you to participate in interactive features of our service, when you choose to do so
  • To notify you about changes to our service

We may also use your data, or permit selected third parties to use your data, to provide you with information about goods and services which may be of interest to you and we or they may contact you about these by email.

If you are an existing customer, we will only contact you by e-mail with information about our services similar to those which were the subject of a previous sale to you.

If you do not want us to use your data in this way, or to pass your details on to third parties for marketing purposes, please tick the relevant box situated on the form on which we collect your data (the registration form).

Disclosure Of Your Information

We may disclose your personal information to any member of our group, which means our subsidiaries, our ultimate holding company and its subsidiaries, as defined in section 1159 of the UK Companies Act 2006.

We may disclose your personal information to third parties:

  • In the event that we sell or buy any business or assets, in which case we may disclose your personal data to the prospective seller or buyer of such business or assets
  • If NoaPrime or substantially all of its assets are acquired by a third party, in which case personal data held by it about its customers will be one of the transferred assets
  • If we are under a duty to disclose or share your personal data in order to comply with any legal obligation, or in order to enforce or apply our Terms & Conditions and other agreements; or to protect the rights, property, or safety of NoaPrime , our customers, or others. This includes exchanging information with other companies and organisations for the purposes of fraud protection and credit risk reduction

We may also use your data, or permit selected third parties to use your data, to provide you with information about goods and services which may be of interest to you and we or they may contact you about these by email.

If you are an existing customer, we will only contact you by e-mail with information about our services similar to those which were the subject of a previous sale to you.

If you do not want us to use your data in this way, or to pass your details on to third parties for marketing purposes, please tick the relevant box situated on the form on which we collect your data (the registration form).

Your Rights

You have the right to ask us not to process your personal data for marketing purposes. We will usually inform you (before collecting your data) if we intend to use your data for such purposes or if we intend to disclose your information to any third party for such purposes. You can exercise your right to prevent such processing by checking certain boxes on the forms we use to collect your data. You can also exercise the right at any time by contacting us at support@noaprime.com.

Our Website may, from time to time, contain links to and from the websites of our partner networks, advertisers and affiliates. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

Contact

Questions, comments and requests regarding this privacy policy are welcomed and should be addressed to support@noaprime.com

NoaPrime is a trading name of Finotec Trading UK Limited and the website www.noaprime.com is owned and operated by Finotec Trading UK Limited. Finotec Trading UK Limited is authorised and regulated by the Financial Conduct Authority. Financial Services Register Number [470392].

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