Risk Disclosure

The risk of loss in trading futures can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in futures trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. The disclosure document contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA. The regulations of the CFTC require that CTA's provide a Disclosure Document to prospective clients before they enter into an agreement to direct a client's account.

These brief statements cannot disclose all of the risks and therefore you should read the Disclosure Document carefully before you invest. You will not incur any additional charges by obtaining a copy of the disclosure document. If you request and receive a disclosure document, you should study it carefully to determine whether such trading is appropriate for you in light of your financial condition. The CFTC has not passed upon the merits of participating in any trading program nor on the adequacy or accuracy of the disclosure document.

An investment in any program or product offered by Jalex Trading can only be made pursuant to a CFTC disclosure document, the delivery of which has been authorized by Jalex Trading.