legal disclaimer for a forex product

16 replies
Hi Warriors,

Does anyone has some experience in selling FOREX oriented products.
I have developed a product by my own and need some legal advice regarding risk disclaimer.

Any kind of advice is welcome,
Greets,
Chris
#disclaimer #forex #legal #product
  • Profile picture of the author onSubie
    Since it is your product and your risk you should really consult an attorney for advice.

    You could look at other similar Forex products to see what kind of disclaimers they use.

    But without a legal expert looking at them you wouldn't be sure the other product is properly protected.

    You may also find some guidance on the platform you want to sell through. Many digital product platforms are wary of Forex products due to past scams and problems. Those that accept them often have stringent requirements for disclaimers.
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    • Profile picture of the author coensio
      Thanks you for advice onSubie, however my biggest problem is that I'm not able to find a forex oriented lawyer. Every single lawyer which I have contacted doesn't have a clue what I'm talking about So I was hoping, I could find here someone with some experience on this matter.
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    • Profile picture of the author Steve B
      This is the only smart advice you've been given.

      Originally Posted by onSubie View Post

      you should really consult an attorney for advice.
      What are you going to say in court when you're asked to explain your "homemade" and Swiss cheese of an income disclaimer? "This is what I read on the Internet, your Honor."

      Steve
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      Steve Browne, online business strategies, tips, guidance, and resources
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      • Profile picture of the author coensio
        @Steve B: This was also my original question: "where can I find a Forex attorney that could give me advice..?", and I still do not know where and how to find one...and please do not say G**le
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  • Profile picture of the author 5SS
    You need a short one that appears on all your stuff (videos etc and footer of all webpages) then a long one going into details.

    Short =(Company) S IS A FOREX EDUCATION BUSINESS AND NOTHING ON THIS WEBSITE SHOULD BE CONSTRUED AS DIRECT INVESTMENT ADVICE. TRADING ON LEVERAGE CAN BE RISKY AND MAY NOT BE SUITABLE FOR ALL INVESTORS. CLICK HERE TO READ FULL RISK DISCLAIMER

    We have consulted with lawyers but I have been in the FX industry 7 yrs and know our laws inside out, this is adequate.
    Signature

    For all things Forex - http://www.5starsignals.com/

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  • Profile picture of the author MikeTX
    Have you looked at forex products similar to yours? You can get some inspiration there, don't need to pay attorney.
    Search fro some forex robots, trading signals, training courses... you'll find plenty of stuff.
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  • Profile picture of the author Graham Maddison
    this is one i use

    Legal Notice
    The author has striven to be as accurate and complete as possible in the creation of this publication but it is a statement of personal experience and opinion and the author and publisher do not warrant or represent at any time that the contents within are accurate due to many factors including the rapidly changing nature of the financial markets and the world. The contents of this publication, for legal purposes, should be read for entertainment purposes only, and as a work of fiction. Any perceived slights to specific organisation(s) or individual(s) are unintentional. The author reserves the right to make changes without notice.
    This publication is not intended for use as a source of legal, business, accounting, or financial advice. The reader is advised to seek the services of competent professionals in the appropriate field(s). Information contained in this publication may be subject to varying local laws and regulations. The reader is advised to retain competent counsel to determine what local laws or regulations may apply to the reader's particular circumstances. Adherence to all applicable laws and regulations governing professional licensing, business practices, advertising and all other aspects of doing business in any jurisdiction is the sole responsibility of the user.
    Currency stock and commodity futures and options trading and similar activities have large potential rewards, but also large potential risk. They may not be suitable for all investors. You must be aware of the risks and be willing to accept them in order to invest in the futures and options and similar markets. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. This is neither a solicitation nor an offer to buy/sell currency futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this publication. The past performance of any trading system or methodology is not necessarily indicative of future results.
    Every effort has been made to accurately represent these materials and their potential. Examples in these materials are not to be interpreted as a promise or guarantee of earnings. Earning potential is entirely dependent on the person using our product, ideas and techniques. We do not purport this as a "get rich scheme."
    Any claims made of actual earnings or examples of actual results can be verified upon request. Your level of success in attaining the results claimed in our materials depends on the time you devote to the program, ideas and techniques mentioned, your finances, knowledge and various skills. Since these factors differ according to individuals, we cannot guarantee your success or income level. There is no guarantee that you will earn any money using these materials or the ideas and techniques therein. Nor are we responsible for any of your actions.
    This publication may contain information that includes or is based upon forward-looking or hypothetical statements. Forward-looking statements give our expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with a description of potential earnings or financial performance.
    Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
    In proceeding to read this publication the reader accepts responsibility for his/her use of information contained herein. The author and publisher will not be responsible for any losses or damages of any kind incurred by the reader whether directly or indirectly arising from the use of the information found in this publication. The author and publisher assume no responsibility or liability whatsoever on the behalf of the reader of this publication.
    Signature
    Trade without Boundaries.
    Start with $30 Trading Bonus.
    No Deposit Required
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  • Profile picture of the author gdccashflow
    If you want a perfect legal disclaimer for your forex sites. Try to read some forex affiliate programs and make their disclaimer as your model.
    Signature

    Visit my blog today - Return On Investment and Tips in Paying Insurance Premium. Thank you!

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    • Profile picture of the author coensio
      Thanks guys, this is great info!

      So far I came with the following short disclaimer:

      In the footer area of my website:
      "This website contains valuable and informative high quality material, that can be used for any kind of currency trading. The presented information is meant for non-commercial, informational and personal purposes only, and all of freely downloadable materials are meant for non-commercial home use only. "

      In the manual:
      "To the maximum extent permitted by applicable law, in no event shall xxxx.com, or its suppliers be liable for any special, incidental, indirect, or consequential damages whatsoever (including, without limitation, damages for loss of business time, business profits, business information, or any other kind of loss) arising out of the use of, or inability to use the software developed by xxxx.com, or the failure to provide support services, even if software, or one of its supplies has been advised of the possibility of such damages."
      + the well known "CFTC RULE 4.41" statement.

      I would be glad to hear your opinion.

      Thanks again!
      Chris
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  • Look at any professional Forex website and look at the Risk Disclosure or Risk Disclaimer. Copy and paste.
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  • Nope sorry, however..if you want a great FOREX/Binary affiliate network

    Use Clicksure
    Signature

    [CENTER][B]==> Do you want to make money online? [/B]
    Free video: How regular people are making 6-figures per month on the internet! [URL="http://www.clkmg.com/fc27/UDCL-IN2WF"][B]Watch this free video now![/B][/URL] <==[/CENTER]

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  • Profile picture of the author Janice Sperry
    1. Don't listen to anyone that tells you to copy another website's "risk disclaimer" especially for something like a Forex product. Uneducated website owners are copying or barely editing disclaimers that have been around since the 1970's and that are virtually worthless.

    2. Be aware that a "risk disclaimer" is a very limited legal statement. Even with a well worded disclaimer you can still be sued and lose. You can still spend huge amounts of money defending yourself.

    3. Many attorneys that even specialize in Internet legalities may not want to touch anything associated with a Forex "product" or "software" since they have a legitimately bad reputation for being scammy GRQ schemes. (No offense to anyone that promotes the rare exception that might exist.)
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    • Profile picture of the author coensio
      Hi Janice,

      Thank you for great tips. I know what I need to do, but the hard part is to find a lawyer who knows the FOREX legalization rules...so far I still could not find any decent FX lawyer.
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  • Recommended:

    Look at other products in your niches..

    And observe how they write and use their disclaimers.
    Signature

    [CENTER][B]==> Do you want to make money online? [/B]
    Free video: How regular people are making 6-figures per month on the internet! [URL="http://www.clkmg.com/fc27/UDCL-IN2WF"][B]Watch this free video now![/B][/URL] <==[/CENTER]

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  • Profile picture of the author Geeth20
    Have you heard all the talk about "Super Simple Bot"? Do a quick Google search to see why people from all over the world can't say enough about this new product that helps you make money online.
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