Risk warning

1. The nature of the site

KursTradera.pl is an educational site of an informational nature. We do not conduct brokerage activity, we do not accept or transmit orders, we do not manage portfolios, we do not offer financial instruments and we do not provide investment advice services within the meaning of the Polish Act on Trading in Financial Instruments (ustawa o obrocie instrumentami finansowymi). The materials describe market mechanisms and the decision-making process — they are not instructions to buy or sell any instrument.

All materials — lessons, the glossary, tools, rankings, comparisons and examples — are educational and informational in nature. The purpose of the site is to explain market mechanisms, vocabulary and the decision-making process. The site does not conduct brokerage activity, does not intermediate in the conclusion of transactions, does not manage funds and does not keep custody accounts.

2. No investment recommendation

None of the published content constitutes an investment recommendation, investment research or a recommendation within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council (MAR) and its implementing acts. Nor is it an offer to acquire or dispose of financial instruments or an invitation to submit offers. All examples, charts, screenshots and figures are illustrative and refer to hypothetical or historical situations.

If the name of a specific instrument, broker, exchange, bank or financial product appears in a material, it is used solely for illustrative or comparative purposes. This does not mean that the editorial team recommends that entity, encourages you to take advantage of its offer or suggests that it is suitable for a particular person. Rankings describe the assessment criteria and the resulting ordering — they are not an investment recommendation within the meaning of applicable law.

3. The risk of losing capital

Investing and trading involve the risk of losing part or all of the capital invested. Results achieved in the past — including results presented in educational materials, backtests and examples — do not guarantee future results and are not a reliable indicator of them. No method or strategy described eliminates risk. You make investment decisions yourself, on your own responsibility and after reading the current documents of your broker.

• Market risk — the price of an instrument may move in the direction opposite to your position; no method exists that eliminates this risk.
• Liquidity risk — under some conditions it will not be possible to close a position at the expected price, and a stop order may be executed far from the assumed level (slippage, a price gap).
• Concentration risk — concentrating capital in a single instrument, market or direction increases the potential scale of the loss.
• Currency risk — the result in the currency of the instrument may differ from the result in PLN after conversion.

4. Leverage and CFD contracts

Leveraged instruments (CFDs, futures, options, margin transactions) can generate losses exceeding the value of the funds paid in — you can lose more than you invested and be called to top up your margin (a margin call). In the European Union, leverage for retail clients trading CFDs on major currency pairs is restricted by a decision of ESMA (product intervention on CFDs and binary options), but restricting leverage does not remove the risk. The percentage of retail accounts making a loss differs between brokers and changes over time — read the current figure from the risk warning at your broker and record it together with the date.

In the case of CFDs you do not acquire the underlying instrument — you enter into a contract for difference with a counterparty. This means that the other side of your transaction is an entity that may act as a market maker, and not an anonymous market. In addition there are the costs of financing the position, the spread and commissions, which over a multi-session horizon may exceed the expected profit from the setup.

Every broker of leveraged instruments publishes the percentage of retail accounts that have made a loss. Treat that figure as a property of a specific broker and a specific date — read it from the risk warning at your broker and record it together with the date. We do not reproduce any fixed number here as a fact about this site.

5. Futures and options

Options and futures have an expiry date, and their valuation depends on volatility, time to expiry and — in the case of options — the Greek risk coefficients. A position may expire worthless, and purchased options may lose the entire value of the premium. Settlement of futures may take place in cash or in the underlying instrument, which gives rise to additional liquidity and funding risk. Futures and options are not suitable for persons without the relevant knowledge and experience.

Futures are instruments with a high notional value and require maintaining a margin deposit. An increase in the required margin may force you to add funds or to have your position closed out. Transactions in options may lead to the total loss of the premium, and in the case of writing options — to a theoretically unlimited risk of loss.

6. Crypto assets

Crypto assets are not covered by a bank guarantee, a compensation scheme or prudential supervision to the same extent as bank deposits. Their value may rise or fall to zero in a very short time — volatility is the rule here, not the exception. The risks of crypto assets include, among others: market risk, exchange counterparty risk (including the risk of bankruptcy and suspension of withdrawals), the risk of stablecoin de-pegging, the risk of losing private keys, smart contract risk, regulatory risk and the risk of fraud and phishing. “Not your keys — not your coins” also applies to funds held on an exchange. In the European Union crypto assets are regulated by the MiCA Regulation, which does not, however, mean that your funds are safe.

• Custody risk — leaving assets on an exchange means exposure to the risk of bankruptcy, insolvency, attack and suspension of withdrawals.
• Stablecoin risk — tokens pegged to a currency may lose the peg (de-peg) under extreme conditions.
• Smart contract risk — a bug in the code or an attack on a DeFi protocol may lead to the loss of funds with no possibility of recovery.
• Fraud risk — phishing, fake airdrops, “guaranteed” investment programmes and unauthorised platforms are the most common route to losing funds.
• Legal and tax risk — the settlement of crypto assets is subject to reporting obligations; failure to report may result in liability.

7. Historical results, backtests and simulations

Backtests, simulations and example results are not actual trading results. They are produced under conditions recreated from historical data and do not fully account for price slippage, liquidity, the spread, commissions, swap, the impact of your own orders on the market or the psychological factor — and all these elements worsen the result in practice. Historical results do not protect against future losses.

If an example equity curve, a hit-rate statistic or a performance chart appears in a material, treat it as an illustration of the method of calculation, and not as a forecast or proof of repeatability. Materials created for educational purposes deliberately simplify market conditions.

8. Counterparty, platform and technology risk

• Counterparty risk — the solvency of a broker, bank or exchange has a direct effect on your funds. Compensation schemes operate within a limited scope and up to a specified amount.
• Platform risk — failures, interruptions in access, pricing errors or problems with order execution may occur at the worst possible moment.
• Own infrastructure risk — no internet connection, a device failure or loss of access to your account while a leveraged position is open is a real risk of loss.
• Jurisdiction risk — a broker from outside the EU may not be supervised by the KNF (the Polish Financial Supervision Authority) or subject to European leverage restrictions, and may not be covered by EU protection mechanisms.

9. Regulatory and tax risk

The rules governing trading in financial instruments and crypto assets and their taxation change — including with retroactive effect for ongoing events. A change in regulation may affect the availability of an instrument, the cost of holding a position, reporting obligations and the amount of the tax liability. Tax information on the site is of a general nature; we do not provide tax advice.

10. Behavioural risk

The most common cause of losses in retail trading is not a lack of knowledge about indicators, but a lack of process: increasing the position after a loss, trading without a defined invalidation, postponing the realisation of a loss, excessive trading frequency and trading under the influence of emotions. None of the methods described on the site works unless it is followed consistently. Educational content does not replace work on your own process.

11. Currency and completeness of the data

Offers, promotions and programmes described on the site may be available only to specific groups of recipients, in specific countries and for a specific time. The terms presented in the comparisons are illustrative and may differ from the current terms and conditions of the organiser. Always verify the terms directly at the source — at the bank, with the broker or on the exchange — before taking any action.

Bonus amounts, fee levels, interest rates, promotion terms, leverage limits, regulatory indicators and data about entities change without notice and without informing us. Information on the site may be out of date, incomplete or erroneous. Before making a decision, always verify the terms at the source — in the terms and conditions, the price list, the fee table and the information documents of the given entity.

12. Limitation of liability

We publish the content with due care, but it may contain errors or inaccuracies, or be out of date — regulations, costs, interest rates and offer terms change without notice. The materials do not replace the information documents, terms and conditions, price lists or prospectuses provided by the given institution. To the fullest extent permitted by law we accept no liability for decisions taken on the basis of the site content or for damage resulting from them. This exclusion does not cover cases in which the exclusion of liability is impermissible (including damage caused intentionally and consumer rights arising from mandatorily applicable law).

13. Where to seek help

If you are experiencing problems related to trading — including financial difficulties, compulsive trading or anxiety states — seek support from a specialist. Trading in leveraged instruments can be addictive and may deepen financial problems.

Disputes with entities supervised in Poland can be directed to the institutions that handle complaints from clients of the financial market. Consumers may additionally seek help from a municipal or district consumer ombudsman (miejski lub powiatowy rzecznik konsumentów) and check the entity authorised to resolve disputes out of court in the EU list of the European Commission . The European Union's ODR platform was closed on 20 July 2025.

Substantive remarks and reports of errors in the content should be sent to the address: hi@zordonintelligence.pl. Site operator: ZORDON INTELLIGENCE SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ, KRS 0001190915, NIP 7252358503, REGON 542545843.

This document has been in force since 2 October 2026 (version 1.3). You will find a full description of data processing in the Privacy policy, and the rules of use — in the Terms of Service.