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Risk Disclosure

Last updated: May 20, 2026

Draft notice: This document is a starting draft for Banqua Sp. z o.o. and must be reviewed by Polish/EU legal counsel before publication. The specific retail loss-rate disclosure required by ESMA/KNF must be calculated from real client data and inserted before the page goes live.
Important. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

1. Purpose of this notice

This Risk Disclosure explains the principal risks of trading Contracts for Difference (CFDs) on the Banqua platform. It is not exhaustive. You should read it carefully before opening an account and consult an independent financial adviser if anything is unclear.

2. What a CFD is

A Contract for Difference is a derivative contract between you and a broker. You agree to exchange the difference in the value of an underlying asset (such as a cryptocurrency, currency pair, or commodity) between the time the contract is opened and the time it is closed. You never own the underlying asset.

3. Leverage and margin

CFDs are traded on margin. A small deposit ("initial margin") controls a much larger notional position. Leverage amplifies both gains and losses:

4. Market volatility and gapping

Markets can move quickly and unpredictably, especially around news releases, weekends, and periods of low liquidity. Prices can "gap" — moving sharply between two levels without trading at the prices in between. Stop-loss orders may be filled at a worse price than requested ("slippage") or, in extreme conditions, not at all.

5. Crypto-specific risk

Cryptocurrency underlyings are particularly volatile. Prices can move significantly within minutes. Crypto markets operate 24/7, including outside the normal hours when traditional markets and your support contacts are open.

6. Overnight financing

Positions held overnight are subject to financing charges (swaps), which may be positive or negative depending on the instrument and direction. Holding a position for a long period can result in substantial cumulative financing costs that eat into or exceed any market gains.

7. Counterparty and execution risk

Banqua routes orders to regulated third-party partner brokers. You are exposed to the risk that a partner broker, payment provider, or liquidity venue fails to perform, becomes insolvent, or suffers a technology outage. Client money is held in segregated accounts to mitigate this, but full recovery in an insolvency cannot be guaranteed.

8. Technology risk

Trading depends on internet, mobile, and platform technology. Outages, latency, software bugs, and connectivity problems can prevent you from placing or modifying orders. We are not liable for losses caused by events outside our reasonable control, including third-party system failures.

9. Currency risk

If you trade an instrument denominated in a currency other than your account base currency, your result will be affected by exchange-rate movements between the two currencies in addition to movements in the instrument itself.

10. Regulatory and tax risk

The rules that apply to CFD trading vary by country and change over time. Restrictions on leverage, marketing, eligibility, or available instruments may be introduced with little notice. You are responsible for understanding the tax treatment of any gains or losses in your country of residence.

11. No advice

Banqua does not provide investment advice or personal recommendations. Any market commentary, educational material, or tools we make available are general information only. Trading decisions are yours alone.

12. Suitability and capacity

CFDs are not suitable for everyone. Before trading you should be satisfied that:

13. No advisory relationship

Banqua acts as a venue for placing CFD orders, not as your broker-in-fact, financial adviser, portfolio manager, or fiduciary. Nothing we say, publish, or display constitutes a personal recommendation. We do not monitor your account to check that the trades you place make sense for your circumstances. Every order is your decision and your responsibility.

14. Tax

Banqua does not give tax advice. Whether a trade results in a taxable gain or a deductible loss, and how it is reported, depends on the rules in your country of residence and your personal situation. You are responsible for declaring your trading activity to the relevant tax authority and paying any tax owed.

Where Polish law requires it, Banqua may report transaction information to the Polish tax authorities or withhold tax at source. We may also be required to collect tax-residency information or other documentation from you; failing to provide it within the requested timeframe can result in withholding or account restrictions.

15. Giving someone else access to your account

Letting another person — a friend, a money manager, a "signals" service, or anyone else — log in to or operate your account carries serious risks. Once they have your credentials they can place trades, change settings, or withdraw funds, and you remain responsible for everything done under your account.

Banqua does not verify whether a person logging in is you or someone you have authorised. If you choose to share access, you do so at your own risk. We strongly recommend keeping credentials private and never sharing two-factor codes.

16. Account security and unauthorised access

Phishing emails, fake login pages, SIM-swap attacks, malware on your device, and reused passwords are common ways trading accounts get compromised. If an attacker gains access, they can drain your balance before you notice.

Protect yourself by using a strong unique password, enabling two-factor authentication, keeping your device and browser up to date, and being suspicious of any message asking you to log in via a link. Banqua will never ask for your password, 2FA code, or seed phrase by email or chat. Notify us immediately at office@banqua.io if you suspect your account has been compromised.

17. Service availability and outages

The Banqua platform may be unavailable from time to time — for scheduled maintenance, infrastructure failures, denial-of-service attacks, or upstream issues at our partner brokers or liquidity providers. During an outage you may be unable to open positions, close existing ones, modify orders, or withdraw funds.

We do not guarantee any specific uptime, response time, or order-handling speed. Where reasonably possible we will communicate planned maintenance in advance and post status updates during incidents, but we cannot compensate for market losses incurred while the platform was unreachable, except where required by law.

18. Cybersecurity and digital-asset specific risk

The cryptocurrency markets underlying some of our CFD instruments rely on blockchain networks, exchanges, custodians, and stablecoin issuers — any of which can be hacked, suffer smart-contract bugs, freeze withdrawals, depeg, or fail entirely. Such events can cause sharp price moves in the underlying that flow through to your CFD position regardless of your own security practices.

If Banqua at any point offers features involving on-chain wallets, private keys, or self-custody, additional risks apply: losing access to a private key means permanent loss of the assets it controls, and on-chain transactions cannot be reversed once confirmed. Future advances in computing — including quantum and AI-assisted attacks — may weaken cryptographic protections that exchanges and blockchains rely on today.

19. Past performance

Past performance — of any instrument, strategy, or trader — is not a reliable indicator of future results. Demo-account performance does not reflect the conditions, fees, or psychological pressure of live trading.

20. Contact

Questions about this Risk Disclosure? Contact us at office@banqua.io. Banqua Sp. z o.o., Ul. Prezydenta Gabriela Narutowicza 40, 90-135, Łódź, Poland.