Last updated: April 25, 2026

Risk Disclosure

This Risk Disclosure Statement is issued by Institutional Trading Academy Ltd, operating as ITAfx Education. Read it completely before enrolling in any of our study programmes. Transparency on risk is central to our educational philosophy.

1. What We Provide

ITAfx Education delivers educational and informational content exclusively. We hold no licence as a securities broker, distributor, adviser, asset manager, or analyst under any jurisdiction.

2. The Reality of Loss

Engaging with financial markets — including equities, foreign exchange, derivatives, CFDs, futures, options, and other instruments — involves substantial risk of financial loss.

• Partial or total loss of committed capital is possible
• Certain leveraged products can produce losses exceeding the initial outlay
• Markets may move sharply and adversely without warning
• Liquidity conditions can deteriorate unexpectedly
• Technology failures, execution delays, and slippage are inherent to market activity

3. Statistical Context

4. Absence of Guarantees

ITAfx Education states unambiguously:

• We guarantee no financial result, return, profit, or income
• We do not promise that our materials will lead to successful market participation
• We do not promise financial independence, income substitution, or lifestyle change
• We do not issue purchase, sale, or hold recommendations
• We do not distribute trade signals or investment tips
• We do not offer funded trading accounts or external capital

Our sole commitment is providing access to the study material described in the programme you purchase.

5. Historical Performance

Past outcomes — ours or anyone else's — do not predict future outcomes. Any examples, case studies, or historical references within our materials serve a teaching function and must not be interpreted as performance indicators.

6. Simulated Environments

The curriculum includes exercises conducted in simulated (demo) environments using virtual funds. These exist solely for educational reinforcement.

7. Personal Accountability

Every individual is exclusively responsible for their own financial choices. Should you choose to participate in financial markets after studying with us, you do so entirely at your own risk. We strongly advise:

• Consulting a licensed financial professional before any financial commitment
• Never deploying capital you cannot afford to lose
• Never treating educational content as a replacement for professional counsel
• Understanding the specific regulations and risks applicable in your jurisdiction

8. Audience Limitations

Content is restricted to adults aged 18 and above. Our services are not suitable for:

• Individuals under 18
• Persons experiencing financial hardship
• Those with gambling dependencies or compulsive monetary behavior
• Anyone seeking a rapid means of earning money or replacing employment income

9. Regulatory Position

ITAfx Education does not perform any activity requiring financial regulatory authorization. We provide educational services only — no portfolio management, no securities distribution, no investment advisory.

10. Entity Information