Legal Documents
We recommend that clients carefully read all legal documents related to KONG SHING before browsing the website and becoming a KONG SHING client, and make every effort to understand all contents and implications.
Risk Disclaimer1. Leverage
High leverage and low margin may result in significant losses due to small price fluctuations in traded products. High leverage allows clients to assume higher risks, amplifying both losses and profits, which may result in losses reaching or exceeding the margin and deposit amounts. Clients must note that if the market moves against them, they may lose all initial margin and any additional funds added to maintain open positions. Clients shall bear full responsibility for all risks, financial resources used, and trading strategies chosen.
Foreign exchange and other over-the-counter (OTC) derivatives (trading contracts) trading are highly speculative and suitable only for clients who understand and are willing to assume the relevant economic, legal, and other risks, and who are financially able to bear the total or excess loss of margin or deposit amounts. Clients hereby confirm that they understand these risks and are willing and capable (financially or otherwise) to assume the risks of trading contracts, and that the total loss of their account balance will not have a negative impact on their lifestyle. By opening a trading account for speculation or assuming risks of trading contracts and other products through the OTC market provided by Hua An Tai Chang Global Limited in a "spot" manner, clients are deemed to agree to assume the following risks:
(a) Quotes and Margin
Quotes and margins are set by Hua An Tai Chang Global Limited and may differ from other institutions. Hua An Tai Chang Global Limited has the right to independently decide to set and collect margins, and may convert funds in the client's trading account into foreign currencies required for margin at self-determined exchange rates (based on the current market exchange rate). Clients must always maintain the minimum margin level requirements for open positions and monitor the required margin on their own. If the minimum margin requirements are not met, Hua An Tai Chang Global Limited has the right to close all or part of the positions. To avoid margin calls, it is strongly recommended to maintain margin levels at 100% or above.
(b) Risk Reduction
Stop-loss orders or limit stop-loss orders are designed to limit losses caused by price fluctuations, but may not be executable under abnormal market conditions.
(c) Product Risks
The profit and loss of a single transaction may be affected by the conversion exchange rate of the account's base currency. The account currency is USD/EUR, subject to client application and confirmation by Hua An Tai Chang Global Limited.
2. Technology
Clients shall bear full responsibility for technical issues on their end, including but not limited to:
(a) Failure of client hardware, software, or internet connection;
(b) Improper operation of client devices;
(c) Incorrect settings on client terminals;
(d) Delayed updates of client terminals;
(e) Malfunctions of trading systems on client computers.
Clients confirm that during peak hours (such as when important economic data is released), it may be difficult to contact the on-duty operator by phone.
3. Transmission
Clients confirm that once an order is issued from the client side and enters the execution queue for processing, it cannot be canceled. Other related orders will be ignored until the transmission is completed. Clients should carefully check the trading volume, product, and price level before submitting a transaction. All transactions are executed on a "first-come, first-served" basis.
4. Introducer
If a client authorizes a third party ("Introducer") to operate the account on a discretionary or non-discretionary basis, Hua An Tai Chang Global Limited is not responsible for reviewing the introducer selected by the client, nor does it bear responsibility for losses caused thereby. Any disputes shall be resolved by the client and the introducer on their own. If no introducer is registered for the account, Hua An Tai Chang Global Limited has the right to refuse operation instructions from unauthorized parties.
5. Telephone Communication
Clients understand that during peak trading hours, it may be difficult to contact Hua An Tai Chang Global Limited due to busy lines. The company shall not be liable for service interruptions caused by force majeure.
6. Human Error
Clients understand that if an employee of Hua An Tai Chang Global Limited makes an operational error resulting in opening a position at a "non-trading price," the position shall be invalid and will be deleted.
7. Bankruptcy
In the event of the company's bankruptcy, creditors shall have priority in receiving compensation. Transactions between clients and Hua An Tai Chang Global Limited are not conducted on exchanges, so client funds may not receive the same protection as exchange-traded contracts. If the company is insolvent, client deposits and profit claims may not be优先 paid, and clients will participate in the distribution of remaining assets as ordinary creditors.
8. Force Majeure
In the event of force majeure, clients shall bear the risk of financial losses on their own.
Risks Related to Social Trading and Investment Advice
Please note that social trading (including providing trading signals through instant messaging technology) and investment advice involve various risks. Please carefully read the following before using related services:
(a) When making decisions, clients need to comprehensively consider their financial situation (including financial commitments) and understand that margin trading is highly speculative and may result in losses far exceeding the principal;
(b) Social trading and investment advice are provided by third parties and are for informational reference only. The risks of investing based on online information or social advice shall be borne by the client on their own, and Hua An Tai Chang Global Limited and its affiliates shall not be liable for such losses;
(c) Clients should conduct their own research before investing and are fully responsible for evaluating whether investments, strategies, or other products and services are suitable for their own financial goals and situation;
(d) Information on this company's website and social trading functions do not constitute any investment, tax, or financial advice. Clients shall bear the consequences of relying on others' advice or copying others' transactions on their own. Hua An Tai Chang Global Limited does not provide investment advice directly or indirectly.
Website Terms of Use
1. Terms of Use
Accessing this website is deemed to constitute consent to the following terms. The terms may be revised irregularly. References to "Kong Shing" or "KSWCL" in the terms refer to Hua An Tai Chang Global Limited.
2. Information Provision
If the content of this website cannot be published or used in specific jurisdictions or for specific groups of people, the company has no intention to provide relevant products, investments, or services to such objects. Please ensure compliance with local laws and restrictions before accessing.
Information on this website is for general reference only and does not constitute professional advice. Market data may be delayed and not real-time. The company endeavors to ensure the accuracy of the information but does not make guarantees, nor does it bear responsibility for the consequences of decisions based on such information.
3. Intellectual Property
Website content (including text, charts, trademarks, etc.) is protected by copyright and intellectual property rights. Without written permission, reproduction, modification, or dissemination in any form is prohibited.
4. Limitation of Liability
The risks of using this website shall be borne by the client on their own. The company shall not be liable for direct, indirect, special, incidental, or punitive damages resulting from content errors or use.
5. External Links
The risks of accessing third-party websites through links on this website shall be borne by the client on their own, and the company shall not be responsible for their content.
6. Information Accuracy
Content on this website is provided "as is" without guarantees of accuracy, timeliness, or applicability.
7. Risk Disclosure
Internet trading or communication may be interrupted due to network congestion, transmission delays, or errors.
Products and services on this website do not consider the specific financial situation of investors, and investors should not make decisions solely based on website information.