PURPOSE

This document provides you with key information about this investment product. It is not marketing
material. The information is required by law to help you understand the nature, risks, costs, potential gains,
and losses of this product and to help you compare it with other products.

PRODUCTS

This KID relates to Rolling Spot Forex and Contracts for Difference products, commonly known as ‘Forex’ and
‘CFDs’ respectively, provided by FXOpen Ltd, a firm authorised and regulated in the UK by the Financial
Conduct Authority under Firm Reference Number: 579202 (fxopen.com/en-gb/ +44 (0) 203 519 1224).

ALERT: You are about to enter a transaction or transactions in a product or products that are complex and thus
may be difficult to understand. It is recommended you also view the Risk Warning contained in ‘Other Relevant
Information’ below or on the firm’s website.

WHAT IS THIS PRODUCT?

Type Rolling Spot Forex (“Forex”) Contracts for Difference (“CFDs”)

Objective Speculation

Intended Retail Investor Those classified as Retail Clients under FCA rules

Insurance benefits and costs None

WHAT ARE THE RISKS AND WHAT COULD I GET IN RETURN?

We have classified this product as 7 out of 7, which is the highest risk class. This rates the potential losses
from future performance of the product at a very high level.

Risk

Indicator: Forex and CFDs are leveraged products that, due to underlying market movement, can generate
losses rapidly. Losses can exceed the amount invested and you may be required to deposit additional funds.
There is no capital protection against market risk, credit risk or liquidity risk.

Be aware of currency risk. Your profit and loss for a Forex pair is always determined in the variable currency
so when you buy or sell CFDs on a Forex pair in a variable currency different to the currency of your trading
account, there will be a currency conversion. The final return you may get depends on the exchange rate
between the two currencies. This risk is not considered in the indicator shown above. Market conditions may
mean that your CFD trade on a Forex is closed at less favourable price, which could significantly impact your
return. We may close your open CFD contract if you do not maintain the minimum margin that is required, or
if you contravene market regulations. This process may be automated.

The scenarios shown illustrate how your investment could perform but they are not an exact indicator. The
scenarios presented are an estimate of future performance based on evidence from the past on how the
value of this investment varies. What you get will vary depending on how the market performs and how long
you hold the CFD.

The following assumptions have been used to create the scenarios in Table 1:

For example, if EURUSD is trading at 1.19000, this will be used for the purpose of calculating the initial
investment amount. If an investor buys 1 CFDs with an initial margin of 0.5% the initial investment will be
£595 (0.5 x 100,000 x 1.19000). The effect of leverage, in this case
200:1 (1/0.5%), means that for each 1-point change in the price of the underlying Forex pair, the value of the
CFD changes by $10.

Performance scenarios:

FX pair EURO/DOLLAR CFD (held intraday) - 1 Lot (100,000) Example

FX pair opening price P 1.19000
Trade size (per CFD) TS
Margin M
Margin % 0.5%
Pip value $10
TN = P x100,000 $119,000
Margin Requirement ($): MR = P x TS x M Notional value of the trade ($) $595

Table 1
Closing
LONG Closing SHORT
Price Price Price
Performance Price (Inc. Profit/Loss Performance Profit/Loss
Change (Inc. Change
Scenario Spread) scenario
Spread)
Favourable 1.20785 1.5% $1785 Favourable 1.17215 -1.5% $1785

Moderate 1.19595 0.5% $595 Moderate 1.19595 -0.5% $595

Unfavourable 1.17215 -1.5% -$1785 Unfavourable 1.20785 1.5% -$1785

The figures show an example of a trade including all costs of the product. If you have been sold this product
by someone else or have a third party advising you about this product, these figures do not include any cost
that you pay to them. The figures do not consider your personal tax situation, which may also affect your
return.

WHAT HAPPENS IF FXOPEN LTD IS UNABLE TO PAY OUT?

If FXOpen Ltd is unable to meet its financial obligations to you, you may lose the value of your investment
however, FXOpen Ltd segregates all Retail Client funds from its own money in accordance with the UK FCA’s
Client Asset Rules. FXOpen Ltd also participates in the UK’s Financial Services Compensation Scheme (“FSCS”)
which covers eligible investments up to £85,000 per person, per firm. See www.fscs.org.uk.
WHAT ARE THE COSTS? – I.e., Costs over time:

The difference between the buy price and the sell

Spread price is called the spread. This cost is realised each
time you open and close a trade.

One-off entry and exit

costs Any cash, realised profit and losses, adjustments,fees
and charges that are denominated in a currency other
Currency
than the base currency of your account, will be
conversion
converted to the base currency of your account and a
currency conversion fee will be charged.

A fee is charged to your account for every night that

Daily holding
Ongoing costs your position is held. This means the longer you hold a
cost
position, the more it costs.

We may share a proportion of our spread, commissions

Incidental costs Distributor fee and other account fees with others
including distributors that may have introduced you.

HOW LONG SHOULD I HOLD IT, AND CAN I TAKE MONEY OUT EARLY?

CFDs are intended for short or longer-term trading, in some cases intraday and could be suitable for long-
term investments. There is no recommended holding period, no cancellation period and therefore no
cancellation fees. You can open and close a CFD on Forex at any time during market hours

HOW CAN I COMPLAIN?

Please address any expressions of dissatisfaction you may have to:

THE COMPLIANCE OFFICER

FXOPEN LTD
80, COLEMAN STREET
LONDON
EC2R 5BJ

Or by email to: compliance@fxopen.co.uk

OTHER RELEVANT INFORMATION?

If there is a time lag between the time you place your order and the moment it is executed, your order may
not be executed at the price you expected. Ensure your internet signal strength is sufficient before trading.
The Legal Documents section of our website contains important information regarding your account. You
should ensure that you are familiar with all the terms and policies that apply to your account.

RISK WARNING:

Trading on the Forex market involves substantial risks including total loss of your trading capital and may not
be suitable for all investors. You can lose more than your initial deposit and could be required to deposit
additional funds. Investors should make an independent judgment as to whether trading is appropriate for
them considering their financial condition, investment experience, risk tolerance and other factors. General
information and market analysis on the firm’s website is not to be considered a solicitation to trade or
construed as investment advice and products available may not be suitable for your personal financial
position.

The firm recommends that you seek independent financial advice before proceeding.

60% of Retail investor accounts lose money when trading CFDs with FXOpen. You should consider whether
you understand how CFDs work, and whether you can afford to take the high risk of losing your money.