Risk Disclosure

This Risk Disclosure summarises the material risks of using Xiaomi Crowd Trading. It is not exhaustive. By using the platform you confirm that you have read it and that you understand each section that applies to the products you use.

Per-jurisdiction regulators may require additional risk warnings. Where they do, those warnings appear in-product before relevant actions and take precedence over this general document.

• The value of investments can go down as well as up; you may receive back less than you put in.
• Past or modelled performance is not a reliable indicator of what a strategy will deliver in future periods.
• Markets can be illiquid, volatile, or temporarily halted by venue or regulator action.
• Tax treatment depends on your jurisdiction and may change.

• Crypto asset prices are highly volatile; double-digit daily moves are routine.
• The underlying blockchains and protocols are novel; bugs, forks, and consensus failures are possible.
• Counterparty risk exists at custodians, on-ramp providers, and DeFi protocols. We use licensed third parties but we cannot eliminate this risk.
• Some crypto assets are deemed securities in some jurisdictions and not in others. Regulatory treatment can change.

• FX markets operate 24/5 with regular gaps and slippage around economic releases.
• Major central-bank decisions, geopolitical events, and intervention can cause sudden, sustained moves.
• Spreads widen during off-hours and in stressed conditions, affecting execution price.

• Equities are subject to company-specific events (earnings, restructurings, sanctions) and broader market risk.
• Trading is restricted to the exchange’s open hours; after-hours volatility can lead to opening gaps that bypass stop-loss orders.
• Suspensions and delistings are possible without prior notice.

• Leverage magnifies both gains and losses. With margin trading you can lose more than you invest.
• Margin calls may force the liquidation of positions at unfavourable prices.
• We cap retail leverage in line with jurisdictional rules and we may reduce caps unilaterally during stressed market conditions.

• Target APY ranges are objectives engineered into the strategy mix. Actual realised returns depend on market conditions in the accrual window.
• Principal is at risk on the Balanced, Growth, and Elite tiers. Only the Starter tier carries capital protection, and only via the Company reserve fund as described in the in-product disclosure.
• Early withdrawal of principal during the lock-in incurs the tier’s early-exit fee, deducted from principal.
• The AI agent operates under a maximum drawdown cap per tier; when the cap is approached, the agent de-risks automatically. This protects against catastrophic loss but may also lock in losses sustained up to that point.
• The reserve fund covers Starter underperformance against the 8% floor, but is itself finite. We disclose its balance and utilisation on the public Reserve Ledger.

• Withdrawals from the platform are routed through licensed custodians and payment partners; their processing windows and limits apply.
• During regulator-mandated holds, AML reviews, or extreme market events, withdrawals may be delayed.
• Crypto-to-fiat conversion is subject to market depth at the time of conversion.

• Software has bugs. We test and audit but cannot guarantee continuous availability.
• Third-party services (custodians, brokers, payment processors, identity providers) can themselves fail or be subject to incidents.
• You are responsible for keeping your credentials, biometrics, and recovery factors safe. We will never ask for your password.

• Trades, conversions, accruals, and redemptions may be taxable events in your jurisdiction.
• The unified wallet model means that selling an appreciated holding to fund a purchase still triggers a capital event in most jurisdictions, even though no cash leaves the platform.
• We surface tax-lot data and year-end statements; we are not a tax adviser.

The suitability of any product on this platform depends on your objectives, time horizon, financial situation, and risk tolerance. We ask for some of this information for regulatory reasons but cannot assess it for you in detail. If you are uncertain, consult an authorised financial adviser before opening positions.

For questions about specific products, see the corresponding section of our Terms of Service, the in-product disclosure shown before allocation or order placement, and our help centre.