This Risk Disclosure Statement is provided to ensure that clients and prospective clients of CCYFX Pay Inc. and CCYFX Limited ("CCYFX") are aware of the material risks associated with using our services. This document does not disclose every possible risk. You should carefully consider whether our services are appropriate for your circumstances before proceeding.
Foreign exchange (FX) transactions involve the conversion of one currency to another. Exchange rates fluctuate continuously and can move significantly within short time periods. The value of any currency may rise or fall against another currency, resulting in gains or losses. CCYFX does not provide investment advice, and past exchange rate movements are not indicative of future performance.
Where you engage in forward FX contracts or FX options, you may be required to post margin or collateral. Adverse market movements may result in losses that exceed your initial deposit or collateral.
Although CCYFX takes reasonable steps to ensure the reliability of its banking and payment partners, there is a risk that a counterparty, correspondent bank, or payment network may fail to settle a transaction as expected. In such circumstances, CCYFX may not be able to recover funds on your behalf.
Settlement times for international payments depend on correspondent banking relationships, the destination country's banking infrastructure, and applicable cut-off times. CCYFX does not guarantee settlement times.
Financial services are heavily regulated. Regulatory requirements may change with limited notice, and such changes may affect CCYFX's ability to continue offering certain services to clients in specific jurisdictions. CCYFX may be required to suspend or terminate accounts, delay transactions, or freeze funds where required by applicable law, regulatory direction, or court order.
Clients operating in high-risk sectors may be subject to enhanced due diligence requirements, reporting obligations, or transaction monitoring. Failure to provide required documentation may result in account suspension.
CCYFX's services depend on the reliable operation of technology systems, including third-party platforms, banking APIs, and communications infrastructure. System outages, cyber incidents, or third-party failures may affect the availability or speed of our services. CCYFX maintains business continuity plans but cannot guarantee uninterrupted service.
Funds held in CCYFX accounts are held with regulated banking partners and are not invested in financial instruments. However, in extreme market conditions or in the event of banking partner failure, there may be delays in accessing your funds. Client funds are segregated from CCYFX's own funds and are not used in CCYFX's operations.
Where clients use CCYFX's crypto on/off ramp services, the following additional risks apply:
CCYFX conducts ongoing sanctions screening and transaction monitoring. Where a payment or client is identified as a potential match against a sanctions list or as high-risk for financial crime purposes, CCYFX is required to delay, refuse, or report the transaction to relevant authorities. This may result in funds being frozen or transactions failing without prior notice.
Clients who hold significant balances with CCYFX should be aware that, in the event of banking partner failure, there may be a period during which funds are not accessible. CCYFX recommends that clients diversify their banking relationships and do not hold funds with any single institution beyond their working capital requirements.
Nothing on this website or in any communication from CCYFX constitutes investment advice, financial advice, or a recommendation to enter into any particular transaction. You should seek independent professional advice appropriate to your circumstances before making any financial decisions.
If you have questions about the risks associated with our services, please contact our compliance team at compliance@ccyfx.com or through our contact page.