Risk Disclosure READ CAREFULLY

info General Investment Risk

All investments involve risk and may result in the loss of principal. There is no guarantee that any investment strategy will be profitable. Different investments carry different levels of risk, and you should carefully consider your risk tolerance before investing. Virexon Capital does not provide investment advice or guarantee any investment outcomes.

trending_down Market Risk

Securities prices fluctuate due to market conditions, economic events, geopolitical developments, and company-specific factors. Equity prices can decline rapidly and significantly. During market downturns, broad-based selloffs can affect nearly all securities regardless of individual company performance. You may experience substantial losses.

balance Margin & Leverage Risk

Trading on margin or using leveraged products amplifies both potential gains AND potential losses. You may lose more than your initial investment. Virexon Capital may liquidate your positions without prior notice if your account equity falls below maintenance margin requirements. You are responsible for any resulting deficit. Interest charges on borrowed funds accrue daily.

water Liquidity Risk

Some securities may be difficult to buy or sell at a fair price, especially during periods of market stress. Low-volume stocks, certain bonds, and some ETFs may have wide bid-ask spreads or experience delays in execution. In extreme cases, trading may be halted or suspended, potentially preventing you from closing positions.

currency_bitcoin Cryptocurrency Risk

Cryptocurrencies are highly volatile and speculative assets. Risks include:

• Extreme price volatility (20-50% price swings are common)
• Regulatory uncertainty (governments may ban or restrict crypto trading)
• Technology risks (wallet vulnerabilities, blockchain forks, network attacks)
• Exchange risks (hacks, insolvency, or operational failures)
• No SIPC protection for crypto assets

You could lose your entire investment in cryptocurrencies.

handshake Counterparty Risk

When you trade, you rely on the financial stability of counterparties including market makers, clearing houses, and other financial institutions. While SIPC provides limited protection for securities, it does not cover losses due to counterparty default. In the event of a major counterparty failure, settlement and access to funds could be delayed.

computer Operational & Technical Risk

Technology failures, cyber attacks, power outages, or internet disruptions may impact your ability to access your account, place orders, or monitor positions. While Virexon Capital maintains robust security and backup systems, no system is completely immune to failures or attacks. You should have alternative means of contacting us in case of technical issues.

gavel Regulatory & Tax Risk

Changes in laws, regulations, or tax policies may negatively affect the value of your investments or the operation of the markets. Potential changes include:

• Tax rate increases on capital gains or dividends
• New restrictions on certain types of trading
• Changes in margin requirements or leverage limits
• Additional reporting or compliance requirements

You are solely responsible for any tax liabilities arising from your trading activity.

con Concentration Risk

Investing a large portion of your portfolio in a single security, sector, or asset class increases risk. A decline in that specific investment could result in substantial losses. Diversification can help reduce but not eliminate risk. There is no guarantee that diversified portfolios will outperform concentrated ones.

trending_up Inflation & Interest Rate Risk

Inflation erodes the purchasing power of your investments over time. Fixed-income securities are particularly sensitive to interest rate changes — when rates rise, bond prices typically fall. Rising interest rates may also negatively affect stock valuations, especially for growth companies with high debt levels.

currency_exchange Currency Risk (Forex)

When investing in foreign securities or trading forex, currency exchange rate fluctuations can affect your returns. A decline in the value of a foreign currency relative to your home currency can reduce or eliminate investment gains, or even create losses. Forex trading is highly speculative and involves significant risk.

folder ETF & Mutual Fund Risk

ETFs and mutual funds carry their own risks, including:

• Management risk (fund manager decisions may underperform benchmarks)
• Expense ratios and fees that reduce returns
• Trading below net asset value (NAV) for ETFs during volatile periods
• Tracking error (fund performance diverging from its index)