Legal

Risk Warning — CFDs, forex, gold and indices

Risks of trading leveraged products: you can lose all the capital you invest, and past results do not guarantee future ones. Read before you trade.

Updated:

Effective from: 7 October 2026

Trading CFDs, forex and gold with leverage is very risky. You can quickly lose all the capital you invest. Do not invest money you cannot afford to lose.

1. What WICKVIPER is and what it is not

  • WICKVIPER provides education and general information about gold (XAUUSD), indices (e.g. DAX, Nasdaq 100, Dow Jones, S&P 500) and the major currency pairs.
  • Setups posted in our channels are general information, the same for everyone who receives them. They are not investment advice: we do not know your financial situation, goals, knowledge or risk tolerance, and we do not assess whether a trade is suitable for you.
  • We are not authorised by any financial supervisor, we are not a broker, we do not accept money to manage and we do not trade on your behalf.
  • We do not promise profits. No setup is "certain".

2. CFDs are complex instruments

The rules require CFD providers (brokers) to show retail clients a warning with this wording:

"CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage."

Source of the wording: Annex II to the decision of the European Securities and Markets Authority (ESMA) (EU) 2018/796. Under that decision each broker also shows its own percentage of retail investor accounts that lose money when trading CFDs with that broker. Before you trade, check that figure on your broker's website. We do not give one figure "for everyone", because every broker's figure is different. The standard warning in ESMA Decision 2018/796, meant for providers without their own data, gave a range of "between 74-89% of retail investor accounts" losing money. That is historical data from ESMA's 2018 analysis, not a current statistic.

3. The main risks

  • Leverage: a small price move against you can cause a loss many times larger than without leverage and lead the broker to close your position (stop out).
  • Gaps and slippage: a stop-loss does not guarantee closing at the stated price. During fast moves, data releases or the market opening after the weekend, the price can "jump" over your level.
  • Differences between brokers: prices, spreads, commissions, swaps and trading hours differ. Setup levels may look different with your broker, and the result in our ledger may differ from yours.
  • Delay: a setup may reach you late, and the price may already differ from the message.
  • Costs: spread, commissions and swaps (overnight financing) reduce the result. In our lab, costs are exactly what most tested strategies failed to survive.
  • Past results in the ledger are neither a guarantee nor a forecast of future results. Losing periods happen and can last a long time.
  • Psychological risk: pressure, trying to "win it back", oversizing positions.
  • Crypto risk: a mistake in the wallet address or network usually means losing the funds for good.

4. Before you start

  1. Trade only with a broker authorised by the relevant supervisor. Check the regulator's register and its public warning list (in Poland: https://www.knf.gov.pl ).
  2. Start on a demo account.
  3. Set your maximum risk per trade and per month before you open a position.
  4. If you do not understand how a product works, do not trade it. If you need advice tailored to you, use a licensed adviser.

5. How we show results

Our methodology explains how we work and verify results, and the ledger holds the full history of setups, losing ones included.