Risk Disclaimer

Last updated: 25 September 2026

Please read this Risk Disclaimer carefully before using Forex Zambia (“we”, “us”, “our”) or acting on anything you read on it. By using forexzambia.com you confirm that you have read, understood and accepted it.

1. We are an educational website, not an adviser or a broker

Forex Zambia publishes educational articles, guides, currency-pair information, broker and prop-firm reviews and comparisons. Everything on this website is provided for general information and education only.

• We are not a broker, dealer, exchange, fund manager, bank, investment adviser, financial planner, signal provider or portfolio manager.
• We do not hold your money, place trades for you, manage accounts, or offer any financial product.
• Nothing on this website is a recommendation, solicitation, offer or invitation to buy or sell any currency, security, derivative or other financial instrument, or to open an account with any company.
• We do not know your financial situation, objectives, experience or risk tolerance. Content is not tailored to you, so it may not suit you.
• Before making any financial decision, consider your own circumstances and obtain independent, personalised advice from a suitably licensed professional.

2. The risks of forex and CFD trading

Loss of capital

Prices can move quickly and unpredictably. Many retail traders lose money; brokers in several jurisdictions are required to disclose that a large majority of retail client accounts lose money when trading CFDs, commonly reported in the range of roughly 70–80%. Past results say nothing certain about future results.

Leverage

Leverage lets you control a large position with a small deposit. It magnifies gains and losses. A small market move against a highly leveraged position can wipe out your entire balance quickly, and some brokers may require you to add funds or may close positions automatically (a “margin call” or “stop-out”).

Volatility, gaps and slippage

Markets can gap over stop-loss levels, especially around economic announcements, central-bank decisions, political events, weekends and periods of low liquidity. Your order may be filled at a worse price than expected (slippage), or not filled at all. A stop-loss order does not guarantee protection against loss.

Spreads, swaps and costs

Spreads, commissions, overnight financing (swap) charges, withdrawal fees and currency-conversion costs reduce your returns and can turn a marginally profitable strategy into a losing one.

Platform, connectivity and execution risk

Trading platforms, internet connections, power supply and mobile networks can fail. Outages, delayed quotes, requotes and technical errors can cause losses that neither we nor, in some cases, your broker are liable for.

Emotional and behavioural risk

Fear, greed, overtrading, revenge trading and lack of discipline are common causes of losses. Trading is not a “get rich quick” activity, and anyone who promises otherwise should be treated with suspicion.

3. Broker, counterparty and regulatory risk

• Your broker is your counterparty. If a broker becomes insolvent, acts dishonestly or restricts withdrawals, you may lose your funds.
• Regulation varies widely. Many brokers accessible to Zambian residents are based and regulated abroad, or hold only offshore licences with limited investor protection. Being “regulated” somewhere does not guarantee that you are protected in Zambia, and compensation schemes may not apply to you.
• Zambian regulation. The regulatory treatment of retail forex and CFD trading in Zambia may change. Bodies such as the Bank of Zambia and the Securities and Exchange Commission of Zambia may issue rules, warnings or restrictions at any time. It is your responsibility to check that your activity is lawful where you live and to check a firm’s licence directly with the regulator concerned.
• Do your own due diligence. Verify the broker’s legal entity, licence number, terms, client-money arrangements, fees and withdrawal record before depositing. Start with a small amount, test a withdrawal early, and keep records.

4. Proprietary (“prop”) trading firm and funded-account risk

Some pages compare prop firms that offer “funded” or “evaluation” programmes. Please understand the following before paying any fee:

• Fees are usually non-refundable (or refundable only under strict conditions). Most candidates do not pass evaluations, and many who pass later breach a rule and lose the account.
• Rules are strict (daily and maximum drawdown limits, minimum trading days, restricted strategies, news-trading limits, consistency rules). Breaching one rule, even accidentally, can end your account with no refund.
• Funded accounts are often simulated. Many firms trade evaluation and sometimes funded accounts on simulated or demo environments and pay profit splits from the firm’s own revenue rather than from live market profits. You may have no claim on actual market positions.
• Payouts are not guaranteed and depend on the firm’s terms, its solvency and its discretion. Firms can change rules, close, or lose their banking or platform access.
• Prop-firm terms change often. Always read the firm’s current terms, refund policy and payout conditions yourself.

5. Currency, exchange-rate and country risk

Deposits and withdrawals in a currency other than your own expose you to exchange-rate movements, conversion charges and, at times, restrictions on moving money across borders. The Zambian Kwacha and other African currencies can be thinly traded and may move sharply on news about commodity prices (such as copper), debt, elections, drought, monetary policy or global risk sentiment. Official and parallel-market rates can differ widely in some countries.

6. Accuracy of rates, charts, statistics and commentary

• Exchange rates, statistics, high/low figures, trend descriptions and economic commentary on this site are indicative only. They come from third-party sources and our own analysis, and they may be delayed, incomplete, rounded, wrong or out of date.
• Rates shown are not dealing prices. Your broker’s price will differ. Do not use our rates to place or price a trade.
• Charts and sentiment gauges are supplied by TradingView® and other third parties. We do not control, verify or endorse them, and they can be unavailable or incorrect. TradingView is a trademark of its owner; we are not affiliated with it.
• Historical statements and past performance are not reliable indicators of future results.
• Economic and historical summaries are simplified. Facts, laws and market conditions change; check primary sources before relying on any information.

7. Affiliate relationships and independence

Forex Zambia is financially supported by affiliate commissions. Some links to brokers, prop firms and other services (including our own /go/ redirect links) are affiliate links. If you open an account or make a purchase through them, we may be paid by the company, usually at no extra cost to you.

• This may influence which companies we feature and how prominently. We aim to be fair and accurate, but our reviews reflect our opinion and the information available to us and are not guarantees.
• A “top”, “best” or “recommended” label is an editorial opinion, not a statement that a firm is suitable, safe or regulated for you.
• We do not receive your trading losses or profits as such, but affiliate arrangements may be linked to your trading volume or deposits. This creates an incentive that you should keep in mind.
• Affiliate links are marked with rel="sponsored" where technically possible.

8. Third-party websites, offers and people

We link to third-party websites and services and are not responsible for their content, security, terms, privacy practices, products or conduct. Bonuses, promotions, “free” offers and giveaways are set by third parties, often carry trading-volume or withdrawal conditions, and may be withdrawn at any time. Read their terms before accepting.

Beware of scams. Be extremely cautious of anyone who promises guaranteed profits, fixed monthly returns, “risk-free” trading, secret systems, managed accounts, signal groups that ask for money, unsolicited messages on WhatsApp, Telegram or social media, or requests to send money to a personal account or in cryptocurrency. Forex Zambia will never ask you for your trading password, private keys or a deposit into a personal account.

9. No guarantee of results

Any examples, screenshots, case studies, testimonials or descriptions of profits, whether ours or third parties’, are illustrations only. They are not typical, may be hypothetical, and do not promise similar results. Hypothetical or simulated performance has inherent limitations and does not reflect real trading, including the effect of costs, slippage and emotions.

10. Who this website is for

• You must be at least 18 years old (or the age of majority where you live) to use this website for trading-related purposes.
• Financial products described on third-party sites may be unavailable, restricted or unlawful where you live. It is your responsibility to check and comply with the laws that apply to you.
• The information is not directed at residents of any jurisdiction where its publication or the described services would be prohibited.

11. Tax and legal matters

Trading profits and losses, and affiliate or prop-firm payouts, may be taxable or have other legal consequences. We do not provide tax or legal advice. Consult the Zambia Revenue Authority or a qualified tax adviser about your obligations.

12. Content creation and errors

We work to keep content accurate, but it may contain mistakes, omissions or outdated information, and parts of it may be produced or assisted by automated tools before editorial review. We do not warrant that the site is error-free. If you spot an error, please tell us.

13. Limitation of liability

To the fullest extent permitted by law, Forex Zambia, its owners, contributors and affiliates are not liable for any loss or damage (including trading losses, lost profits, lost opportunities, or indirect or consequential loss) arising from your use of, or reliance on, this website or any linked or embedded third-party content, or from any transaction you enter into with a third party. You use the website and make your own decisions entirely at your own risk. Nothing in this disclaimer excludes liability that cannot lawfully be excluded, such as liability for fraud or wilful misconduct.

14. Practical ways to reduce risk

• Practise on a demo account until you have a tested plan - but remember demo results are not live results.
• Risk only a small, fixed percentage of your account on any single trade, and use stop-losses (knowing they can fail).
• Use low leverage, especially while learning.
• Keep a trading journal and review your results honestly.
• Never borrow money to trade.
• Verify every broker or prop firm independently, keep your funds diversified, and withdraw profits regularly.
• If trading is causing you stress or affecting your relationships or finances, stop and seek support.

15. Changes and contact

We may update this Risk Disclaimer from time to time; the “Last updated” date above shows the latest version. Continued use of the website after changes means you accept them. Questions? Email [email protected]. Please also read our Terms of Use and Privacy Policy.