Beware that past trading performance is hypothetical, i.e., backtested. Past trading performance is not indicative of future results, which may vary. There is no guarantee, express or implied, that return or volatility objectives will be achieved. That is, realized returns and realized volatility might be substantially higher or lower than expected. There is a risk of substantial loss associated with trading of any financial instrument or crypto asset. When trading, investors could lose the full balance of their account. It is possible to lose even more than the initial deposit, especially when trading futures or when trading on margin. Margin trading involves the risk of a margin call, which means that you may be required, at short notice, to deposit with your broker further substantial amounts of money to maintain your position. If you fail to provide those additional funds within the required time, your position may be liquidated. You will be liable for any shortfall in your account resulting from that liquidation. When trading crypto assets, further risks may apply. Crypto assets may be subject to very high volatility and its price may rise or fall very quickly over a wide range. Furthermore, crypto assets and crypto exchanges may be subject to cyber criminality such as hacking of crypto exchanges. In such cases, crypto assets not secured in a cold wallet might be stolen from users' accounts at a crypto exchange. Beware that additional risks may apply on trading or investing, not listed herein.