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Risk Disclaimer

All materials on the SONAFX.com website are owned by SONAF Business Limited (SONAF LTD). SONAF is a Cypriot Investment Firm (CIF) regulated and supervised by the Cyprus Securities and Exchange Commission ( CYSEC ) and operates with the license number CIF 174/12.

General Risk Warning

These pages contain information about the services and products of SONAF. All material on the SONAF website is provided for informational purposes only without regard to any particular user's investment objectives and/or financial situation and do not take into account special investment goals, financial situation or specific needs or demands of individual users. Foreign exchange trading, whether or not made in accordance with a recommendation in an analysis, can be very speculative and may result in losses as well as profits. Foreign exchange trading entails a considerable risk factor and is therefore not suitable for every investor. Prior to making any investment or entering into any transaction, you should carefully consider your financial situation and consult your financial advisor(s) in order to fully understand the risks involved and ensure that the products you choose are suitable to your situation. No information contained herein is to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any currency, security, financial product, or instrument; or to participate in any particular trading strategy in any jurisdiction in which such offer, solicitation or trading strategy would be illegal.

No Representation, No Warranty

SONAF uses reasonable efforts to obtain information from reliable sources, but the materials on the SONAF website is provided "as is" without warranty of any kind. SONAF makes no representation (either express or implied) that the information, analysis and opinions expressed on the SONAF website or otherwise are accurate, complete or up to date.

Information contained on the SONAF website is checked and updated by SONAF on a regular basis. This notwithstanding, data and information provided may become subject to changes while posted on the SONAF website. Therefore, SONAF does not assume any liability towards, nor gives any guarantee to any subscriber, client, partner, supplier, counterparty or third party for the timeliness, accuracy and completeness of the information provided herein or on other websites that may be accessed through hyperlinks. SONAF reserves the right to change or amend the information provided at any time and without prior notice.

Exclusion of Liability

SONAF shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by SONAF that clients will profit from the strategies herein displayed or that losses suffered in connection with any information contained herein can or will be limited.

SONAF shall not be liable to any subscriber, client, partner, supplier, counterparty or third party for the accuracy of the information or any market quotations supplied through this service, nor for any delays, inaccuracies, errors, interruptions or omissions in providing the service, nor for any direct or consequential damage arising from or occasioned by said delays, inaccuracies, errors, interruptions or omissions, nor for any discontinuance of the service.

SONAF shall not assume any responsibility or liability for the content of any website, whether linked to this website or not, nor for any consequences from your acting upon the contents of such website. Consulting this website does not make you a customer of SONAF and no entity of SONAF or person related to SONAF shall have any duty or incur any liability or responsibility towards you as a result of you consulting such website.

Client relationship

When applying for an account on the SONAF website, each applicant will be subject to the relevant set of business terms. All applicants and clients are deemed to have read and understood the business terms and related policies applicable to them and their relationship with SONAF.

Use of the SONAF website

The content, components and works of authorship contained in the SONAF website, including but not limited to any design, text and image, are owned, except as otherwise expressly stated, by SONAF, and may not be copied, reproduced, transmitted, displayed, performed, distributed, rented, sublicensed, altered, stored for subsequent use or otherwise used in whole or in part in any manner without the prior written consent of SONAF.


Any dispute arising from or related to the SONAF website shall exclusively be settled by courts of Cyprus in accordance with the laws of Cyprus exclusively. However, SONAF reserves the right to start legal proceedings wherever it deems fit, namely, but not exclusively, in places where the defendant possesses assets.