Risk Disclosure

Risk Disclosure

Last Updated: 05/02/2026

SWAPS WORLD BROKER SERVICES (“SWAPS”, “we”, “our”) acts solely as an agent-only digital asset brokerage, facilitating execution of transactions on behalf of institutional clients. SWAPS does not provide investment advice, custody, or portfolio management unless expressly agreed in writing.

This Risk Disclosure (“Disclosure”) describes key risks associated with trading digital assets through our Services. By using SWAPS’ Services, clients acknowledge these risks and accept responsibility for their own trading decisions.

1. Market Risk

  • Digital asset prices are volatile and can fluctuate rapidly, sometimes without warning.
  • Trades may result in partial or total loss of value.
  • Historical performance is not indicative of future results.
  • Clients remain fully responsible for evaluating their exposure and risk tolerance.

2. Execution Risk

  • SWAPS executes orders on behalf of clients as an agent and does not guarantee execution at a specific price or volume.
  • Market conditions, liquidity, and operational factors may impact execution quality and timing.
  • Slippage, partial fills, or delayed execution may occur.

3. Liquidity Risk

  • Market depth and liquidity can vary, particularly during periods of high volatility.
  • Large orders may impact prices, and not all orders may be filled immediately or in full.

4. Counterparty & Settlement Risk

  • As an agent-only brokerage, SWAPS does not hold client assets unless explicitly agreed in writing.
  • Settlement depends on third-party custodians, exchanges, and blockchain networks.
  • Delays or failures in settlement may occur due to network congestion, technical issues, or counterparty limitations.

5. Operational & Technological Risk

  • Digital asset trading relies on technology, networks, and platforms.
  • System outages, maintenance, software errors, cyber incidents, or connectivity issues may temporarily affect trading.
  • Clients are responsible for maintaining secure access credentials and internal controls.

6. Regulatory & Legal Risk

  • Digital assets may be subject to evolving laws, regulations, and VARA requirements.
  • Clients are responsible for ensuring compliance with applicable laws in their jurisdictions.
  • SWAPS will take measures to comply with VARA regulations but cannot guarantee compliance for client-specific obligations.

7. No Investment Advice

  • SWAPS does not provide investment, tax, or legal advice unless explicitly agreed in writing.
  • Clients must make their own trading and investment decisions and are solely responsible for outcomes.

8. Acknowledgment and Acceptance

By using SWAPS’ Services, clients confirm they:

  • Understand the risks associated with digital asset trading
  • Accept that SWAPS acts solely as an agent executing instructions
  • Take full responsibility for trading decisions, exposures, and settlement outcomes

Contact

For questions or clarifications regarding this Risk Disclosure:

SWAPS WORLD BROKER SERVICES