It is a statutory requirement that we provide this information to you. Please read and confirm your understanding; we are unable to open your account without it.
Alvar is directed by our regulator, the Gibraltar Financial Services Commission (“GFSC”), to only accept customers who possess the experience, knowledge and expertise to make their own investment decisions and properly assess the risks they incur. Alvar will classify you as a Retail Client, Professional Client or Eligible Counterparty. The greatest degree of protection is afforded to Retail Clients. You will be notified of your categorisation when you open an account. Alvar may re-classify you, and it is possible for you to request re-classification. Either way Alvar would require your written consent, or Alvar will enter into a new written agreement with you.
If you have been categorised as a Professional Client or an Eligible Counterparty you are entitled to request that you be re-categorised.
When considering your application, classifying and dealing with you, Alvar relies on information that you provide. If there are any material changes in that information it is your responsibility to advise Alvar in writing, e.g.: change in address, residence, contact details, employment, financial situation etc.
In particular, if you are a Professional Client you are responsible for keeping Alvar informed about any change that could affect your current categorisation.
Leveraged products cary a high degree of risk to your capital and it is possible to lose more than your initial investment. Only speculate with money that you can afford to lose. These products may not be suitable for all investors, therefore ensure you fully understand the risks involved, and seek independent advice if necessary.