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^* Without proper risk management, this high degree of leverage can lead to large losses as well as gains.

^# Fixed spreads are offered in Rakuten MT4account during at least 90% of the time of the monthly core-time trading period (8am to 2am HKT of every trading day). Spreads shown above and in our website are for reference only and are not guaranteed and it shall not apply to the extreme markets circumstances, include but not limit to low liquidity, high volatility, news events and public holidays. During extreme markets circumstances, spreads may widen beyond the offered spreads. Please always refer to the trading platform for the most updated spreads.

Rakuten Securities Bullion Hong Kong Limited (“Rakuten Securities Bullion”) is a wholly owned subsidiary of Rakuten Securities, Inc. (*) Rakuten Securities, Inc., one of the major online brokers in Japan, founded in 1999, is a subsidiary of Rakuten, Inc. (TOKYO: 4755).

The risk of loss in OTC gold/silver bullion trading can be substantial. You may not be suitable as you may sustain losses in excess of your initial margin funds. Leverage can work against you. Placing contingent orders, such as "stop-loss" or "stop-limit" orders, will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders. If the equity of an account falls below the liquidation level, your position may be liquidated. You may need to deposit additional margin funds. You will remain liable for any resulting deficit in your account. You should therefore carefully consider whether such trading is suitable in light of your own financial position and investment objectives. Do not speculate with capital that you cannot afford to lose. If you decide to trade products offered by Rakuten Securities Bullion, you must read and understand the information and disclosure provided by Rakuten Securities Bullion. Rakuten Securities Bullion may provide general commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. Rakuten Securities Bullion and Rakuten Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. OTC Gold/Silver Bullion trading is not regulated by the SFC and therefore will not be subject to rules or regulations promulgated by the SFC which includes but is not limited to Client Money rules. Read and understand the Terms and Conditions on Rakuten Securities Bullion’s website prior to taking further action. Information Security on Internet: To protect your privacy, do not access your trading account via public or shared computer or save your password locally in any computer or mobile device after logging in. Rakuten Securities Bullion will never ask you to send any of your personal information such as account number and password to us directly via e-mails.

(*) Company Registration ID (in Japan): Kanto Local Finance Bureau (Financial Instruments Firms) No.195.

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