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In this disclaimer, the following words shall have the following meanings: “Trend” means Trend Global Markets Limited, and where applicable and appropriate, its affiliates, directors, officers and employees. “Publication” means any document, or any text, graphics, charts, formulas or models created by Trend, and set out in or on whatever media (including on Trend’s website). “Video Consultation” means a separate video consultation regarding the Reports which may be provided upon request. “Report” means an investment research report prepared and published by Trend. “You” means the reader of a Report or Publication or witness to a Video Consultation created by Trend.

Trend, in providing online investment research, Reports, Publications and Video Consultations, never expresses an offer or the solicitation of an offer, to buy, sell or hold securities, commodities, currencies or indices. You acknowledge that the online investment research, Reports, Publications and Video Consultations provided by Trend only serve to depict the direction of underlying price trends in securities, commodities, currencies or indices. You acknowledge that past performance is never indicative of future investment results and that text, graphics, charts, formulas, or models provided by Trend in our Reports, Publications and Video Consultations should never be used as sole justification for an investment decision. Trend, in providing online investment research, Reports, Publications and Video Consultations neither addresses the suitability of an investment, nor the implications of taxes, costs or trading fees on an investment. You acknowledge that relying on any text, graphics, charts, formulas, or models provided by Trend to assist in deciding which securities, commodities, currencies or indices to trade (or when to trade) will have significant risk and limitations, to which Trend will not be held responsible. You acknowledge that You should always seek professional advice before making investment decisions and should always obtain and consider information from multiple sources before making trading or investing decisions. Trend shall have no liability for any loss or expense sustained by You or by any individual or company that has received and who, despite the wording of this disclaimer, relied upon the information contained within its Reports, Publications or Video Consultations. In no event shall Trend be liable to You or to any other party for any direct, indirect, incidental or consequential damages, costs, expenses, legal fees, or trading losses (including without limitation, lost income, lost profits or opportunity costs). Trend, in providing Reports, Publications and Video Consultations reflects the unique opinions of its employed research analysts as of the authored date. All opinions expressed in a Report, or in any Publication or Video Consultation, are subject to change without notice. You acknowledge that Trend cannot guarantee the accuracy of third-party market data contained within its Reports, Publications or Video Consultations and that some (or all) of the trend-following signals or evaluations supplied could be inaccurate. You acknowledge that Trend may modify the methods it uses to evaluate trend-following opportunities from time to time. You acknowledge that any particular text, graphic, chart, formula, or model provided by Trend in a Report, Publication or Video Consultation may not be representative of Trend’s ‘house view’, and that it may not align with Reports, Publications or Video Consultations provided elsewhere by Trend. Trend may have long or short positions in the securities, commodities, currencies or indices discussed in Reports, Publications or Video Consultations, and will purchase or sell these without notice. The works of authorship contained in Reports, Publications and Video Consultations including but not limited to all design, logos, text, images, charts or other compilations are owned by Trend Global Markets Limited. This material may not be copied, reproduced, transmitted, displayed, performed, distributed, rented, sublicensed, altered, stored for subsequent use or otherwise used in whole or in part, without the prior written consent of Trend Global Markets Limited.