Regulation & safety

Risk disclosure

Also calledrisk warning

A risk disclosure is a required statement that explains the material risks of a financial product, service, or promotion before a client acts on it. In retail CFD and forex contexts, it often highlights leverage, losses, and firm-specific loss statistics, but it does not remove trading or counterparty risk.

What Risk disclosure means

A risk disclosure is the warning text a broker or platform must show so customers understand what could go wrong. It usually covers leverage, the chance of losing money quickly, and sometimes a firm-specific percentage of losing accounts. The exact wording depends on the product and regulator, so it is not a universal template.

Risk disclosures are meant to make key risks visible before a client opens an account, places a trade, or sees a financial promotion. They help set expectations, but they are not a guarantee of safety. A clear disclosure can also matter when comparing brokers, because the required wording and placement may differ by jurisdiction.

A CFD broker may be required to show a standard warning such as that CFDs are complex and that a large percentage of retail accounts lose money with that provider. If the firm uses a website banner, the warning may need to be prominent and updated with the firm’s own loss percentage, rather than a generic industry figure.

Common questions

Does a risk disclosure make an investment safe?+

No. It informs the client about risk, but it does not eliminate market, execution, liquidity, or counterparty risk.

Is a risk disclosure always the same wording?+

No. Regulators often prescribe wording, but it can vary by product, jurisdiction, and communication format.

Go to the original material.

01FCA Handbook, COBS 22 restrictions on CFDs and similar products02FCA policy statement PS19/1803ESMA product intervention measures on CFDs