Risk Disclosure
Last updated:01-January-2025
At Fiboniq Technologies FZC LLC., we are committed to transparency and regulatory compliance in providing technology solutions to our clients in the forex brokerage industry.
This Risk Disclosure Statement outlines the potential risks associated with the use of our services, especially in the context of forex trading and financial technology platforms. Please read this document carefully before using our services.
1. Nature of Services
Fiboniq Technologies FZC LLC. is a software and technology provider. We develop and license CRM platforms, trade copier systems, PAMM/MAM solutions, and related fintech tools for forex brokers. We are not a forex broker and do not provide investment advice, portfolio management, or execution of trades.Our systems are designed to support regulated brokers and are intended for professional use only.
Users must understand that our tools are only enablers for licensed entities. Our systems are designed to support regulated brokers and are intended for professional use only. Using our services does not imply that we endorse, regulate, or control any trading activities conducted by brokers using our CRM or related platforms.
2. Technology & Operational Risks
Use of our software may involve risks related to internet-based operations. These include but are not limited to system failures, data breaches, server downtimes, cyberattacks, and software bugs.
Despite implementing rigorous security standards and best practices, we cannot guarantee uninterrupted or error-free service at all times. Users are advised to implement additional layers of security, backups, and monitoring.
3. Data Security & Confidentiality
While we take all reasonable steps to protect client data through encryption, access control, and other industry-standard methods, no system is completely immune to unauthorized access or loss.
Users should remain cautious and avoid sharing login credentials or administrative access without due process. Fiboniq Technologies FZC LLC. shall not be held liable for any data loss, theft, or unauthorized use resulting from the client’s negligence or third-party vulnerabilities.
4. No Investment Guarantee
Our platforms are used in connection with forex trading, which is a high-risk financial activity. Trading foreign exchange, CFDs, or derivatives involves significant risk of loss and is not suitable for all investors.
Our tools do not guarantee profitability, and any financial decision made using our platforms is the sole responsibility of the end-user or the broker's client.We make no representations or warranties regarding the trading performance of brokers using our software.
5. Third-Party Integrations
Our CRM systems support integrations with third-party services such as MT5, payment providers, KYC services (like Sumsub), communication tools (like Telegram or Slack), and more.
These integrations are maintained based on publicly available APIs or paid partnerships. Fiboniq Technologies FZC LLC. is not responsible for the performance, downtime, or legal policies of these external platforms. Users must verify and comply with the terms and conditions of those services separately.
6. Compliance & Regulatory Risk
We provide our software to brokers in multiple jurisdictions. However, regulatory compliance remains the sole responsibility of the broker using our services.
We recommend that brokers ensure full compliance with local laws, licensing requirements, and data protection regulations. Fiboniq Technologies FZC LLC. is not liable for any legal action, fines, or penalties incurred due to non-compliance by our clients.
7. Force Majeure
We are not liable for delays or interruptions in services caused by circumstances beyond our control, including but not limited to natural disasters, internet service outages, strikes, regulatory orders, or acts of war.
In such cases, we will make commercially reasonable efforts to restore service as quickly as possible. Clients are encouraged to have contingency plans in place for critical business operations.
8. User Responsibility
Users of our CRM and other software solutions are expected to operate the system responsibly, adhere to fair use policies, and comply with legal obligations in their jurisdiction.
Fiboniq Technologies FZC LLC. disclaims any liability arising from misuse, unauthorized access, or unethical practices carried out by brokers or their end clients via our platform.
9. Amendments
This Risk Disclosure Statement is subject to change without notice. We encourage users to review this document regularly to stay informed of any updates.
Continued use of our services after any changes constitutes acceptance of the updated terms.
By using Fiboniq Technologies FZC LLC.’s services, you acknowledge and agree to the risks outlined in this disclosure. If you do not agree with any part of this document, you should discontinue use of our services immediately.