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Trading stocks, options, futures, forex, foreign papers and bonds online can be associated with a significant risk of loss. Investment successes of the managed accounts in the past do not guarantee success for the future.

Trading options involves risks and is not suitable for all investors. Please read the information on "Specifics and Risks of Standardized Options" before you start trading options. The document is available at http://www.theocc.com/about/publications/character-risks.jsp. Customers must read the relevant risk information documents in the "Warnings and Disclosures" section of the Interactive Brokers website - http://www.interactivebrokers.com/disclosures - prior to trading. Trading on a margin basis is only suitable for experienced investors with a high risk-bearing capacity. There is a risk that you will lose more capital than you originally invested. For more information on margin loan interest rates, visit http://www.interactivebrokers.com/interest. Security futures involve a high degree of risk and are not suitable for all investors. The potential loss could exceed the value of your original investment. Please read the Security Futures Risk Information Document before commencing trading in Security Futures. This document is available at http://www.interactivebrokers.com/disclosures. Forex trading has a significant potential for loss. The settlement date for Forex transactions may vary due to differences between time zones and different holidays. As a result, when trading across different forex markets, there may be times when you need to borrow capital to process forex transactions. Please note that in this case, any loan interest incurred must be included in the calculation of the costs for cross-market transactions.

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