​​HT Markets Risk Disclosure

Risk Disclosure Statement and Disclaimer

The following disclosures and disclaimers apply to any and all material on, and viewer(s) of, this website.

Using and/or transacting in any virtual assets and/or purchasing any virtual asset related products or services involves a high degree of risk. The value of virtual assets may not be backed or supported by any government. Virtual assets may suffer significant volatility in value. You are advised to carefully consider the risk exposure and act cautiously. You must have the financial ability, sophistication, experience, tolerance and willingness to bear the risks of any virtual asset related products or services, and a potential total loss of the underlying assets. A virtual asset related product or service is not suitable for every person. Please carefully review your financial situation and objectives to determine whether such product or services is suitable for you.  You are recommended to seek independent legal and financial advice before taking any initiative in connection with the information set out in this website.

The regulatory status of virtual assets is not settled, varies among jurisdictions and is subject to significant uncertainty. Legislative and regulatory changes or actions relating to virtual assets at a national or international level may adversely affect or restrict, as applicable, the use, transfer, exchange and value of virtual assets.  The value of virtual assets may be derived from the continued willingness of market participants to exchange fiat money for virtual assets, failing which there may be permanent and total loss of value of any one or more virtual assets.

Virtual assets may be exposed or subject to the risk of expropriation and/or theft. Hackers or other malicious individuals, groups or organizations may launch attacks to the transactions, storage processes or other intended uses of such virtual assets in various forms, including, but not limited to, malware attacks, distributed denial of service attacks, consensus-based attacks, routing attacks, transaction malleability attacks, Sybil attacks, Eclipse attacks, double-spend attacks, majority mining power attacks, selfish-mining attacks, time jacking, smurfing and spoofing. 

Any virtual assets and their creation, development or production thereof may be based on any software, programs, source codes, object codes, algorithms, scripts, protocols, schematics, applications, data, software libraries, databases and/or any other computational language, code, programming or source in any structure or form containing intentional or unintentional or inherent syntax or logic errors, defects or vulnerabilities. The occurrence of any of the above circumstances may hinder, interrupt, disrupt or result in the delay or failure in the operation or performance of any transactions, storage processes or other intended uses of such virtual assets or result in the loss of any part or all of such virtual assets or of any user’s ability to access or control any or part of such virtual assets. 

As virtual assets are based on blockchain technology, any malfunction, breakdown or abandonment of the relevant blockchain may have a material adverse effect on such virtual assets. Moreover, advances in cryptography, or technical advances in general could present risks to virtual assets by rendering the cryptographic consensus mechanism underpinning the relevant blockchain on which the particular virtual asset is built ineffective. The future of cryptography and security innovations are highly unpredictable, and this may have an adverse impact on the value of virtual assets.

Transactions in virtual assets may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of virtual assets may lead to an increased risk of fraud or cyber attack. It is also possible that alternative networks or platforms could be established in an attempt to facilitate services that are similar to those offered by any of the protocols of a particular virtual asset, or alternative networks could be established that utilize the same or similar software, programs, source codes, object codes, algorithms, scripts, protocols, schematics, applications and/or any other computational language, code, programming or source in any structure or form underlying the virtual assets. In such event, such alternative networks may be able to copy, replicate, change, enhance, reproduce, re-engineer, modify, reprogram or otherwise develop the same software, programs, source codes, object codes, algorithms, scripts, protocols, schematics, applications and/or any other computational language, code, programming or source in any structure or form underlying the virtual assets. Such alternative networks or platforms may compete with a particular virtual asset, which could adversely impact any value or perceived value of the particular virtual asset.

The software, programs, source codes, object codes, algorithms, scripts, protocols, schematics, applications, data, software libraries, databases and/or any other computational language, code, programming or source in any structure or form on which virtual assets are built may be open-sourced, such that any member of the public may at any time develop a patch or upgrade without prior permission of any individual party. The acceptance of patches or upgrades by a significant percentage of the blockchain’s users could result in a “fork” in the blockchain. The temporary or permanent existence of forked blockchains could adversely impact the operation of the blockchain or undermine the sustainability of the virtual assets ecosystem, and may destroy or frustrate the ecosystem. While a forked blockchain could possibly be rectified by community-led efforts remerging the two separated blockchain branches, there is no guarantee of success and could take an undetermined amount of time to achieve. The above may have an adverse impact on any value or perceived value of the virtual assets.

The material on this website has been prepared by the Hex Trust group (“we”, “our” or “us”). It is not directed to and should not be construed as solicitation or advertising to any person in any jurisdiction where (by reason of that person's nationality, residence or any other reason) the publication or availability of this material is prohibited or restricted by any law or regulation. This material is not intended for any use that would be contrary to local law or regulation. Products or services mentioned in this material are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions. Without limiting the generality of the foregoing, we are not licensed with the Hong Kong Securities and Futures Commission to carry on business in any regulated activity under the Securities and Futures Ordinance of Hong Kong.  Accordingly, persons are required to inform themselves of and observe such laws which are in force in their jurisdictions.

These materials are informational only and do not bind us or any other entity or person in any way. No representation or warranty, express or implied, is given by any member of the Hex Trust group as to the accuracy, reliability, or completeness of the information contained herein. You should not construe the content of any material provided as accounting, financial, legal, tax or other advice, and you should consult your own attorney, financial advisor, tax advisor, accountant or other advisor as to legal, financial, tax, accounting and other matters.  You are responsible for determining whether the use of any products or services is legal in your jurisdiction and you shall not use the products or services should such use be illegal in your jurisdiction. If you are uncertain, please seek independent legal advice.

HT Markets Limited does not market to or serve clients from the United Kingdom (UK). This website and its content are intended for people outside of the UK. The information provided is not directed at or intended for distribution to, or use by, anyone located within the UK. The financial products and services mentioned on this website are not eligible for the UK.

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