Risk Disclosure

1 · Purpose & scope of this notice

Summits Broker (L.L.C-SO) provides this Risk Disclosure so that every person who deals with us understands the nature of our role and the risks involved before they commit time, capital or client relationships.

This notice is addressed to two audiences:

• Introducing Brokers and partners who work with us to obtain agreements with brokers.
• Prospective clients who reach a broker through information published by us.

This notice is not exhaustive. It does not list every risk associated with trading or with a partnership arrangement, and it does not replace the risk documentation, client agreement or terms of business issued by the broker with whom you ultimately contract. You should read those documents in full.

2 · What we are — and what we are not

Summits Broker is a business development and marketing company licensed by the Department of Economy and Tourism (DET), Government of Dubai, United Arab Emirates (Licence No. 1493864, Registration No. 2609344). Our business is introducing, structuring and supporting commercial relationships between Introducing Brokers and licensed brokerage firms.

We do not hold a financial services licence and we do not act as a broker, dealer, custodian or investment adviser. Any activity that is regulated as a financial service is carried out exclusively by the licensed brokerage firm concerned, under the supervision of its own regulator.

3 · No advice or recommendations

Nothing published by Summits Broker — on this website, in marketing material, in presentations, in messaging applications, or in conversation with our staff — constitutes investment advice, a personal recommendation, a solicitation, or an assurance that any instrument, strategy, account type or broker is suitable for you.

All commentary, market information and educational content is general in nature. It does not take account of your objectives, financial situation, experience or needs. You are solely responsible for your own decisions, and for those of your clients where you act as an Introducing Broker. Where a decision carries material financial or legal consequences, obtain independent professional advice.

4 · Your agreement is with the broker, not with us

Where Summits Broker introduces you to a brokerage firm, the resulting trading account, client agreement, custody of funds and execution relationship exist between you and that brokerage firm. Summits Broker is not a party to that relationship.

This has practical consequences you should understand clearly:

• Deposits, withdrawals and account balances are handled solely by the broker. We never take receipt of them.
• Any dispute over execution, pricing, slippage, swap charges, withdrawals or account closure must be raised with the broker and, if unresolved, with the broker's regulator or dispute-resolution scheme.
• Any investor-protection scheme, compensation fund or segregation arrangement that applies is the broker's, not ours. Summits Broker offers no compensation scheme of any kind.
• If the broker becomes insolvent, your recourse lies against the broker and under the law of its jurisdiction. Summits Broker has no liability for, and no ability to recover, client funds held by a third party.

5 · Risks of leveraged trading (Forex & CFDs)

Forex and CFDs are complex, leveraged instruments. They are not suitable for all investors, and a majority of retail accounts trading such products lose money. The following risks apply to any client trading through a broker we introduce.

Leverage

Leverage multiplies both gains and losses. A small adverse move in the underlying market can consume a large portion of, or exceed, the capital committed. Under some conditions losses can be rapid and total.

Volatility & gapping

Markets can move sharply on news, data releases or at session opens. Prices may gap through a stop-loss level, meaning an order is filled at a materially worse price than requested. Stop-loss orders limit but do not guarantee the loss.

Margin calls & forced liquidation

If account equity falls below the broker's margin requirement, positions may be closed automatically and without notice, crystallising a loss at an unfavourable moment.

Overnight financing & swaps

Positions held overnight typically incur financing charges. Over time these can materially erode a position's profitability, particularly on longer-held or low-margin trades.

Liquidity & execution

In thin or fast markets, spreads widen, requotes occur and orders may be filled at a distance from the requested price. Some instruments may become temporarily untradeable.

Currency risk

Where the account currency differs from the instrument's currency, exchange-rate movements affect results independently of the trade itself.

Technology & connectivity

Trading depends on platforms, servers, internet connectivity and third-party infrastructure. Outages, latency, data errors or device failure may prevent orders being placed, modified or closed.

Counterparty risk

Client funds are exposed to the financial standing of the broker holding them and to the protections available in that broker's jurisdiction.

6 · Risks specific to Introducing Brokers

Partnering with Summits Broker is a commercial undertaking with its own distinct risks, separate from market risk. These are frequently underestimated.

Commissions are variable, not income

Earnings depend entirely on the trading activity of clients you introduce. Activity fluctuates, stops and reverses. Commission is not salary, not a retainer, and carries no minimum. Periods of zero earnings are normal and should be planned for.

No guarantee of volume or client retention

Clients may deposit less than expected, stop trading, withdraw funds or move to another provider at any time. No projection, illustration or historical figure we share should be treated as a forecast of your results.

Clawbacks, adjustments and withheld payments

Brokers commonly reverse or withhold commission in defined circumstances — including chargebacks, bonus abuse, arbitrage or latency trading, prohibited strategies, duplicate or incentivised accounts, and fraud. These terms are set by the broker and are enforced by the broker.

Dependence on broker terms

Rebate rates, payment schedules, qualifying instruments and eligibility criteria are set by the broker and may be amended in accordance with the applicable agreement. Summits Broker advocates for its partners but does not control these terms and cannot guarantee they will remain unchanged.

Regulatory and licensing obligations

Introducing, soliciting or marketing financial products may itself be a regulated activity in your country of residence or the country where your clients are located. You are solely responsible for determining whether you require authorisation, registration or a licence, and for obtaining it. Summits Broker does not provide legal advice on this point and does not authorise you to act outside the law of your jurisdiction.

Conduct and marketing liability

You are responsible for how you represent us, the broker and the products. Guaranteeing profits, publishing misleading performance, giving investment advice without authorisation, or targeting restricted jurisdictions may terminate your agreement, forfeit accrued commission and expose you to legal action.

No employment relationship

A partnership with Summits Broker creates no employment, agency, joint venture or exclusive relationship unless expressly agreed in writing. It confers no employment rights, benefits or job security.

Concentration risk

Partners whose earnings depend on a small number of clients, or a single broker relationship, are materially exposed to the loss of any one of them.

7 · Broker & entity risk

Brokerage groups commonly operate through several legal entities in different jurisdictions. The protections available to you depend entirely on which specific entity holds the account — not on the brand name displayed on the website.

Entities within the same group may differ significantly in:

• The regulator supervising them and the standard of supervision applied
• Maximum permitted leverage and negative-balance protection
• Whether client money is held in segregated accounts
• Access to a compensation scheme, ombudsman or dispute-resolution body
• Which residents and client categories they may lawfully accept

Before opening an account or introducing a client, confirm in writing which legal entity the account will be held with, which regulator supervises it, and what protections apply. Verify the licence directly on the regulator's public register rather than relying on any statement made by us or by the broker. We will always tell you which entity applies if you ask.

8 · How we are paid — conflicts of interest

We disclose our commercial model openly, because you should be able to weigh our incentives when you consider what we recommend.

• Summits Broker is remunerated by the brokers to whom it introduces business, typically through volume-based or revenue-sharing arrangements.
• This creates a commercial interest in the partnerships we present, and that interest may influence which brokers we introduce and how prominently we feature them.
• We charge no fee to Introducing Brokers or to end clients for our services.
• We do not receive, and do not seek, any share of an individual client's trading losses.
• We are not independent and do not present ourselves as an impartial comparison service. We work with a selected number of brokers, not with the whole market.

Because of this, you should independently assess any broker before entering into an agreement, and satisfy yourself that its terms and regulatory standing meet your requirements and those of your clients.

9 · Marketing material & past performance

Any figure, chart, case study, commission illustration or partner testimonial we publish is provided for illustration only.

• Past performance is not a reliable indicator of future results — for trading and for partner earnings alike.
• Illustrative commission figures are worked examples based on stated assumptions. They are not offers, projections, targets or promises.
• Individual partner results vary widely and depend on factors outside our control.
• Third-party content we reference remains the responsibility of its author, and its inclusion is not an endorsement.

10 · Eligibility & regional restrictions

The information on this website is not directed at, and is not intended for use by, any person in a jurisdiction where publishing or accessing it would be contrary to local law or regulation — including, but not limited to, the United States, Japan, Iran and North Korea.

Accessing this website does not create any relationship with us and does not entitle you to be onboarded. Brokers apply their own eligibility, identity-verification and anti-money-laundering requirements, and may decline any application at their discretion. You are responsible for ensuring that your own activity, and the activity of clients you introduce, complies with the law of every relevant jurisdiction.

11 · Data, technology & third parties

This website and our partner communications rely on third-party infrastructure, including hosting providers, analytics, messaging platforms and economic-data feeds. Market data, calendars and calculators are provided for general information, may be delayed or inaccurate, and must not be relied upon for trading decisions.

We take reasonable measures to protect information you share with us, but no system is entirely secure. Never send account passwords, trading credentials or full payment card details to us through any channel — we will never ask for them. Our handling of personal data is described in our Privacy Policy.

12 · Updates to this notice

We may amend this Risk Disclosure to reflect changes in our business, our broker relationships or applicable law. The current version is always published at this address, with the revision date shown at the top of the page. Material changes affecting existing partners will be communicated through the contact details held on file. Continued use of our services after an update constitutes acceptance of the revised notice.

13 · Questions

If anything in this notice is unclear, ask us before you proceed. We would rather answer a question twice than have a partner or client commit on a misunderstanding.