Trading in Contracts for Difference may not be suitable for all investors due to the high risk nature of the products. You may lose all of your initial stake through the use of leverage and may be required to make additional payments by way of margin on a frequent and sometimes daily basis. Failure to do so can result in the closure of part or all of your position. The value of an investment in a Contract for Difference may be affected by a variety of factors, including but not limited to, price volatility, market volume, foreign exchange rates and liquidity. Contracts For Difference are short term trading tools. Commissions on Contracts for Difference are charged on the leveraged amount (not the deposit) and therefore costs can build up when frequently traded. You should evaluate potential losses against affordability. Extended runs of losses as well as profits can occur. Past performance is not necessarily a guide to future performance. Information and research produced by Galvan Research and Trading, some of which may be accessible on this website, does not constitute a recommendation or offer to make a transaction in any derivatives or securities, and is intended to be general in nature. If in any doubt, please seek further independent advice. Tax laws may be subject to change. Galvan Research and Trading Limited is authorised and regulated by the Financial Services Authority No.401179