Source: https://whitepips.com/legal/risk-disclosure Summary: The risks of simulated evaluations, leveraged CFDs and futures, technology, and payouts by bank transfer or in crypto. Last updated: 2026-10-28 1. [Home](https://whitepips.com/) 2. [Legal](https://whitepips.com/legal/) 3. Risk Disclosure # Risk Disclosure Read this before you buy. It explains what can go wrong in the markets, in a simulated environment, with technology, and when payouts are paid by bank transfer or in cryptocurrency. - **Effective date**: 22 September 2026 - **Last updated**: 22 September 2026 - **Version**: 2.1 On this page 1. 1 Introduction 2. 2 No investment advice 3. 3 Nature of WhitePips’s Services 4. 4 You can lose the whole fee 5. 5 Trading involves risk 6. 6 Leveraged products 7. 7 Risks specific to CFDs 8. 8 Risks specific to futures 9. 9 Market gaps, slippage and liquidity 10. 10 News and scheduled events 11. 11 How the rules can end an account quickly 12. 12 Simulated trading 13. 13 Hypothetical and simulated performance 14. 14 No guarantee of funding 15. 15 Performance is not guaranteed 16. 16 Technology risks 17. 17 Third-party providers 18. 18 Risks of payouts by bank transfer 19. 19 Risks of payouts in cryptocurrency 20. 20 Store Credit 21. 21 WhitePips as the payer 22. 22 Regulatory and legal risks 23. 23 Tax 24. 24 Restricted jurisdictions 25. 25 Operational risks 26. 26 Customer responsibilities 27. 27 Financial suitability 28. 28 Limitation of reliance 29. 29 Force majeure 30. 30 Limitation of liability 31. 31 Related documents 32. 32 Changes to this Risk Disclosure 33. 33 Contact Back to top [All legal documents](https://whitepips.com/legal/) **On this page _33 sections_** 1. 1 Introduction 2. 2 No investment advice 3. 3 Nature of WhitePips’s Services 4. 4 You can lose the whole fee 5. 5 Trading involves risk 6. 6 Leveraged products 7. 7 Risks specific to CFDs 8. 8 Risks specific to futures 9. 9 Market gaps, slippage and liquidity 10. 10 News and scheduled events 11. 11 How the rules can end an account quickly 12. 12 Simulated trading 13. 13 Hypothetical and simulated performance 14. 14 No guarantee of funding 15. 15 Performance is not guaranteed 16. 16 Technology risks 17. 17 Third-party providers 18. 18 Risks of payouts by bank transfer 19. 19 Risks of payouts in cryptocurrency 20. 20 Store Credit 21. 21 WhitePips as the payer 22. 22 Regulatory and legal risks 23. 23 Tax 24. 24 Restricted jurisdictions 25. 25 Operational risks 26. 26 Customer responsibilities 27. 27 Financial suitability 28. 28 Limitation of reliance 29. 29 Force majeure 30. 30 Limitation of liability 31. 31 Related documents 32. 32 Changes to this Risk Disclosure 33. 33 Contact Back to top [All legal documents](https://whitepips.com/legal/) ## At a glance Figures from the text below. Each tile opens its section. **The whole fee** the most likely outcome of one Evaluation is a breach; the fee is spent _Section 4_**Not regulated** no investor compensation or deposit guarantee scheme applies _Section 3.4_**Immediate** a hard breach ends the stage at once; floating losses count _Section 11_**Not promised** when a bank transfer arrives _Section 18.1_**Irreversible** blockchain transfers cannot be reversed _Section 19.2_**No cash value** Store Credit cannot be withdrawn or exchanged _Section 20_**Own resources** WhitePips pays payouts itself; no segregated account or scheme _Section 21_**No guarantee** passing an evaluation does not guarantee funding or payouts _Section 14_ ## Key points - You can lose the whole fee. An evaluation can be breached before the target is reached, and a breached account is not refunded. - Every account is simulated. Simulated prices, fills and liquidity differ from live markets, and past or simulated results do not predict future results. - CFDs and futures are leveraged. Small price moves, gaps and slippage can breach an account within moments, including while a position is still open. - Bank payouts can be delayed or reduced by bank fees and currency conversion. Crypto payouts are irreversible and exposed to price swings, wrong addresses and wrong networks. - Nothing WhitePips publishes is investment, tax or legal advice, and nothing guarantees that you will pass, be funded or be paid. This summary is here to help you find your way. It is not part of the Risk Disclosure and does not change it: the full text below is what applies. ## 1 Introduction 1.1 This Risk Disclosure (“Risk Disclosure”) explains the significant risks associated with participating in WhitePips’s products and services, including evaluation programs, instant funding programs, educational content, and any related services (collectively, the “Services”). 1.2 Trading financial markets involves substantial risk. Before purchasing or participating in any WhitePips product, you should carefully consider whether such participation is appropriate in light of your financial circumstances, experience, objectives, and risk tolerance. 1.3 By accessing or using the Services, you acknowledge that you have read, understood, and accepted the risks described in this Risk Disclosure. 1.4 **Not every risk.** This Risk Disclosure describes the main risks but cannot describe every risk. Capitalised terms have the meanings given in the [Terms of Service](https://whitepips.com/legal/terms) . Next _2 No investment advice_ ## 2 No investment advice 2.1 WhitePips does not provide: 1. investment advice; 2. financial advice; 3. portfolio management services; 4. brokerage services; 5. wealth management services; 6. tax advice; 7. legal advice; or 8. personalized trading recommendations. 2.2 Any information provided by WhitePips, including educational materials, webinars, articles, videos, market commentary, or customer support communications, is intended solely for general informational or educational purposes. 2.3 You remain solely responsible for your own trading decisions. Next _3 Nature of WhitePips’s Services_ ## 3 Nature of WhitePips’s Services 3.1 WhitePips operates proprietary trading evaluation programs and related services. 3.2 Unless expressly stated otherwise: 1. participation is not an investment; 2. participation does not create a brokerage relationship; 3. participation does not establish an employment relationship; 4. participation does not create a fiduciary relationship; and 5. participation does not constitute financial advisory services. 3.3 Purchasing a challenge or Instant Account represents payment for access to a proprietary evaluation or related service, subject to the applicable product terms. 3.4 **Not regulated investment services.** Unless the Website expressly states otherwise, WhitePips is not authorised or regulated by a financial services regulator. Protections that apply to regulated investment or brokerage services, such as investor compensation or deposit guarantee schemes, do not apply to the Services, to Fees, or to payouts. Next _4 You can lose the whole fee_ ## 4 You can lose the whole fee 4.1 **The fee is at risk.** The most likely financial outcome of any single Evaluation is that the Trading Account is breached before the profit target is reached. If that happens, the Fee is spent and is not refunded. 4.2 **Repeat purchases add up.** Buying further Evaluations, resets or add-ons after a breach increases the total you spend. Bundle discounts and promotions lower the price of each account but increase the amount you commit at once. 4.3 **Only spend what you can afford.** Only pay for the Services with money you can afford to lose entirely without affecting your living costs, debts or obligations. 4.4 **No return of the fee on a breach.** Refunds are available only in the limited cases in the [Refund Policy](https://whitepips.com/legal/refund-policy) . The fee refund paid with a first payout on eligible plans depends on reaching and being paid that payout. Next _5 Trading involves risk_ ## 5 Trading involves risk 5.1 Financial markets are inherently unpredictable. 5.2 Prices may change rapidly due to: 1. economic events; 2. political developments; 3. central bank decisions; 4. market sentiment; 5. corporate announcements; 6. unexpected global events; 7. changes in liquidity; and 8. volatility. 5.3 No trading strategy can eliminate market risk. Next _6 Leveraged products_ ## 6 Leveraged products 6.1 Many financial instruments, including Contracts for Difference (CFDs), futures, foreign exchange, commodities, indices, and other leveraged products, involve significant risk. 6.2 Leverage can magnify both gains and losses. 6.3 Small market movements may result in substantial changes in trading performance. 6.4 Participants should fully understand the risks associated with leveraged trading before participating in any evaluation program. 6.5 **Leverage and limits on WhitePips accounts.** CFD and Instant Trading Accounts carry a maximum leverage published in the Plan Specification, which may be lower once an account is funded. Futures Trading Accounts are limited by a maximum number of contracts instead. These are ceilings, not recommendations: trading at the maximum makes it much more likely that a loss limit is reached. Next _7 Risks specific to CFDs_ ## 7 Risks specific to CFDs 7.1 **No ownership.** A CFD is a contract on the difference in price. You never own the currency, index, commodity, metal or cryptocurrency concerned, and you have no rights attached to it. 7.2 **Costs.** Spreads, commissions and swaps are charged on the simulated account and count against its balance, equity and loss limits. Swaps applied at the daily rollover can be charged on positions held overnight and over weekends. 7.3 **Pricing.** Simulated CFD prices are derived from market data and may differ from prices quoted by other providers or on exchanges, especially in fast markets, at the open and close, and in less liquid instruments. 7.4 **Crypto CFDs.** Cryptocurrency CFDs can move very sharply, including outside traditional market hours, and their prices can gap between sessions. 7.5 **Weekend and rollover gaps.** Where a Plan permits holding positions over weekends or overnight, prices can reopen far from where they closed, and a stop order may be filled at a much worse price. Next _8 Risks specific to futures_ ## 8 Risks specific to futures 8.1 **Contract size.** Each futures contract has a fixed size and tick value set by the exchange. A move of a few ticks on several contracts can produce a large simulated loss, and ten micro contracts carry the same exposure as one mini. 8.2 **End-of-day trailing drawdown.** On plans that use it, the drawdown floor moves up with each session’s closing balance and never moves down, so profits taken earlier can reduce the room left for later losses. 8.3 **Sessions, breaks and expiry.** Futures trade in sessions with daily maintenance breaks, weekend closures and exchange holidays. Contracts expire, liquidity moves between contract months, and positions may need to be closed or rolled before expiry. 8.4 **Price limits and halts.** Exchanges may apply price limits or halt trading. Positions may then be impossible to close at the price you expect. 8.5 **Market data.** Futures accounts rely on a dxFeed market data connection through Volumetrica. Delays, gaps or errors in that data can affect charts, order flow views and fills. Next _9 Market gaps, slippage and liquidity_ ## 9 Market gaps, slippage and liquidity 9.1 **Gaps.** Prices can jump from one level to another without trading at the prices in between, for example after news, at the market open, or after a weekend. A position can then pass through a loss limit before it can be closed. 9.2 **Slippage.** In fast or thin markets an order may be filled at a worse price than the one requested. Slippage counts towards loss limits and drawdown like any other loss. 9.3 **Liquidity.** At times of low liquidity, spreads widen and larger orders may be filled at several prices or not at all. 9.4 **Stops are not guarantees.** A stop-loss order does not guarantee that a loss will be limited to a particular amount. Next _10 News and scheduled events_ ## 10 News and scheduled events 10.1 High-impact economic releases, central bank decisions and unexpected events can cause sudden spikes, gaps, widened spreads and rejected orders. 10.2 On plans or stages where news trading is not permitted, trades around those events may be excluded or treated as a breach under the [Trading Rules](https://whitepips.com/legal/trading-rules) . On plans where it is permitted, the risks above still apply in full. Next _11 How the rules can end an account quickly_ ## 11 How the rules can end an account quickly 11.1 **Hard breaches are immediate.** Exceeding the daily loss limit or the maximum drawdown ends the account stage at once and permanently. There is no margin call and no second chance on that stage. 11.2 **Floating losses count.** On CFD and Instant accounts, loss limits are measured on equity, including losses on open positions. A position that is later profitable can still have breached the account while it was in loss. 11.3 **The daily limit starts from the higher figure.** The daily loss limit is measured from the higher of the day’s starting balance or starting equity, so a day that begins with profits on open positions does not give you a larger allowance. 11.4 **Trailing drawdown tightens.** A trailing drawdown follows the account’s highest point, so the amount you can lose shrinks relative to the starting balance as the account grows. 11.5 **Warnings and strikes build up.** Soft breaches, warnings and strikes accumulate, and reaching the limit for them closes the account even if no loss limit was hit. 11.6 **Consistency and payout conditions.** Consistency rules, minimum profitable days, buffer balances, profit goals and payout caps can delay or limit a payout even when an account is in profit. Next _12 Simulated trading_ ## 12 Simulated trading 12.1 Certain WhitePips products use simulated or evaluation trading environments. All WhitePips Trading Accounts, evaluation and funded, are simulated. 12.2 Simulated trading differs from live market trading in several respects, including: 1. execution conditions; 2. market liquidity; 3. slippage; 4. order fills; 5. latency; 6. pricing behaviour; and 7. platform functionality. 12.3 Simulated results may not accurately reflect actual market conditions or future trading performance. 12.4 Past simulated performance is not indicative of future results. 12.5 **Your orders do not reach the market.** Orders on a simulated account do not interact with a real order book, so they have no effect on market prices, and fills may be better or worse than a live order of the same size would receive. Next _13 Hypothetical and simulated performance_ ## 13 Hypothetical and simulated performance 13.1 Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. 13.2 Because the trades reflected in a simulated environment have not been executed with real capital, the results may have under-compensated or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. 13.3 Simulated trading programs in general are also designed with the benefit of hindsight. 13.4 No representation is being made that any account will or is likely to achieve profits or losses similar to any results shown or achieved in a simulated environment. 13.5 Participation in a WhitePips evaluation does not guarantee funding, payouts, or any level of trading performance. Next _14 No guarantee of funding_ ## 14 No guarantee of funding 14.1 Successfully completing an evaluation does not guarantee: 1. a funded account; 2. continued participation; 3. profit sharing; 4. payout eligibility; 5. ongoing account access; or 6. future opportunities. 14.2 Progression through WhitePips’s programs remains subject to compliance with all applicable agreements, policies, verification requirements, and operational procedures. 14.3 **Reviews can change the outcome.** Evaluations, funded accounts and payout requests may be reviewed. A review can find a breach or prohibited conduct after an objective appears to have been met, and the result can be that an account is not funded, a payout is reduced or refused, or a paid reward must be repaid, as described in the [Terms of Service](https://whitepips.com/legal/terms) and the [Payout Policy](https://whitepips.com/legal/payout-policy) . Next _15 Performance is not guaranteed_ ## 15 Performance is not guaranteed 15.1 Past performance does not guarantee future performance. 15.2 Historical results, hypothetical examples, educational demonstrations, testimonials, or simulated performance should never be interpreted as guarantees of future success. 15.3 Individual results vary significantly. 15.4 **Illustrative content.** Stories, payout examples and figures marked as illustrative on the Website are not records of real customers’ results. Next _16 Technology risks_ ## 16 Technology risks 16.1 Participation in the Services depends on technology that may occasionally experience interruptions. 16.2 Potential issues include: 1. internet outages; 2. hardware failures; 3. software defects; 4. system maintenance; 5. cybersecurity incidents; 6. third-party service interruptions; 7. data transmission delays; and 8. platform availability issues. 16.3 WhitePips cannot guarantee uninterrupted access to its Services. 16.4 **Platforms and data feeds.** MetaTrader 5, Volumetrica and the dxFeed data connection can freeze, disconnect, lag or show incorrect prices. Your own device, connection, virtual server or software can fail too. Any of these can stop you opening or closing a position at the moment you intend, and losses that result count towards your limits. 16.5 **Price corrections.** WhitePips may correct erroneous prices and calculations and adjust or cancel affected trades, as described in the [Terms of Service](https://whitepips.com/legal/terms) . A correction can remove simulated profit as well as losses. Next _17 Third-party providers_ ## 17 Third-party providers 17.1 WhitePips relies on third-party service providers for certain aspects of its operations. 17.2 These providers may include: 1. trading platform providers; 2. market data providers; 3. payment processors; 4. banks and payout providers; 5. identity verification providers; 6. cloud hosting providers; 7. customer support platforms; 8. analytics providers; and 9. security providers. 17.3 WhitePips is not responsible for failures, interruptions, or delays caused by third-party providers beyond its reasonable control. Next _18 Risks of payouts by bank transfer_ ## 18 Risks of payouts by bank transfer 18.1 **Timing is not promised.** We do not promise when a bank transfer will arrive. Banks’ processing times, cut-off times, weekends, public holidays in any country involved, and compliance checks all affect it. 18.2 **Fees and currency conversion.** Intermediary, correspondent and receiving banks may deduct fees, and your bank may convert the payment into another currency at its own rate. The amount that reaches your account can therefore be less than the amount sent. 18.3 **Incorrect details.** If the bank details you give are wrong, the transfer can be delayed, returned with fees deducted, or credited to the wrong account and be difficult or impossible to recover. 18.4 **Returned or rejected transfers.** Banks can reject or return a transfer, for example because the account name does not match, the account is closed, or the payment fails their screening. Re-sending takes more time and may involve further fees. 18.5 **Screening and information requests.** Banks and payment providers screen payments for sanctions and anti-money laundering purposes. They may hold a payment, ask for information about you or the source of the payment, or refuse to process it. Next _19 Risks of payouts in cryptocurrency_ ## 19 Risks of payouts in cryptocurrency 19.1 **Volatility.** The value of BTC and ETH can change significantly between the time a payout is calculated, the time it is sent, and the time you convert it. Stablecoins such as USDT and USDC aim to hold a stable value against the US dollar but can lose that link, be frozen by their issuer, or be affected by the failure of their issuer or reserves. 19.2 **Irreversible transfers.** Blockchain transfers cannot be reversed. A payout sent to the address you provided is final, even if the address was wrong or belongs to someone else. 19.3 **Wrong network or address.** Each coin can only be paid on the networks shown in the dashboard. Sending to an address on a different network, or to an address that does not support the asset, can result in permanent loss. 19.4 **Wallet security.** If you lose access to your wallet, its private keys or recovery phrase, or your exchange account is compromised or closed, the funds may be lost. 19.5 **Network fees and congestion.** Network fees vary and may reduce the amount received. Congestion can delay a transfer. When a crypto payout arrives depends on network conditions and is not guaranteed. 19.6 **Exchanges and custodians.** Exchanges and custodial wallets can suspend withdrawals, freeze accounts, fail or become insolvent. 19.7 **Legal treatment.** The law and tax treatment of cryptocurrency differ between countries and can change. Holding, receiving or converting cryptocurrency may be restricted where you live. Next _20 Store Credit_ ## 20 Store Credit 20.1 Store Credit has no cash value. It can only be used towards WhitePips products, cannot be withdrawn or exchanged for a bank or crypto payout, and may be lost if your Account is closed for a breach. Choosing Store Credit as a payout destination is a choice to receive value that depends on continuing to use WhitePips. Next _21 WhitePips as the payer_ ## 21 WhitePips as the payer 21.1 **Payouts depend on WhitePips.** Payouts are paid by WhitePips from its own resources under the [Payout Policy](https://whitepips.com/legal/payout-policy) . They are not held in a segregated account, are not protected by any compensation or guarantee scheme, and depend on WhitePips continuing to operate and being able to pay. 21.2 **Business changes.** WhitePips may change, suspend or discontinue products, Trading Platforms, payment methods or payout methods, as described in the [Terms of Service](https://whitepips.com/legal/terms) . Next _22 Regulatory and legal risks_ ## 22 Regulatory and legal risks 22.1 Financial laws and regulations may change over time. 22.2 Changes in applicable legislation, taxation, sanctions, licensing requirements, or regulatory guidance may affect the availability or operation of WhitePips’s Services. 22.3 WhitePips reserves the right to modify, suspend, or discontinue Services where reasonably necessary to comply with applicable legal or regulatory requirements. 22.4 **Your local law.** It is your responsibility to check whether taking part in the Services, receiving payouts and holding cryptocurrency are lawful where you live and where you are. Next _23 Tax_ ## 23 Tax 23.1 You are solely responsible for any tax, reporting or social contribution that arises from payouts, Store Credit, fee refunds, or gains or losses on converting cryptocurrency, in every country where you are liable. WhitePips does not give tax advice and does not withhold tax for you unless the law requires it. Seek independent tax advice where needed. Next _24 Restricted jurisdictions_ ## 24 Restricted jurisdictions 24.1 WhitePips does not offer or provide the Services to residents or nationals of, or persons located in, the following restricted jurisdictions: Cuba, Iran, Iraq, Myanmar, North Korea, Poland, Russia, Sudan and United States of America. The following countries and regions are also restricted at sign-up and on the Website: Afghanistan, Belarus, Crimea, Donetsk, Libya, Luhansk, Somalia, Syria and Venezuela. 24.2 WhitePips also treats as restricted any country or territory that is subject to comprehensive sanctions administered by the United States Office of Foreign Assets Control (OFAC), the European Union, the United Kingdom, or the United Nations, and any jurisdiction identified by the Financial Action Task Force (FATF) as a high-risk jurisdiction subject to a call for action. 24.3 The list of restricted jurisdictions may be updated from time to time to reflect applicable laws, sanctions, regulatory requirements, and WhitePips’s internal compliance policies, without prior notice. The current list is always available in the [Restricted Jurisdictions](https://whitepips.com/legal/restricted-jurisdictions) policy. 24.4 Attempting to access or use the Services from a restricted jurisdiction, including through the use of a VPN, proxy, or any other means of concealing your actual location, constitutes a material breach of the WhitePips [Terms of Service](https://whitepips.com/legal/terms) and of this document. 24.5 WhitePips may decline to open, and may suspend, restrict, or terminate, any Account where it determines that these restrictions apply. Eligibility is verified at signup and again during identity (KYC) verification. Next _25 Operational risks_ ## 25 Operational risks 25.1 Participation in WhitePips’s Services may be affected by operational risks including: 1. human error; 2. system maintenance; 3. internal process failures; 4. unexpected technical events; 5. business continuity events; and 6. force majeure circumstances. 25.2 Although WhitePips implements reasonable operational safeguards, not all risks can be eliminated. Next _26 Customer responsibilities_ ## 26 Customer responsibilities 26.1 Each participant is solely responsible for: 1. understanding the applicable product rules; 2. managing their own trading decisions; 3. protecting account credentials; 4. complying with all applicable laws; 5. reviewing all legal documentation before participating; 6. providing correct bank account and wallet details for payouts; and 7. ensuring participation is suitable for their individual circumstances. 26.2 Participants should not rely solely on information provided by WhitePips when making financial or trading decisions. Next _27 Financial suitability_ ## 27 Financial suitability 27.1 Participation in WhitePips’s Services may not be appropriate for every individual. 27.2 You should carefully assess: 1. your financial situation; 2. your trading experience; 3. your knowledge of financial markets; 4. your personal objectives; and 5. your ability to understand the risks involved. 27.3 Where appropriate, you should seek independent professional financial, legal, tax, or accounting advice before participating. 27.4 **Look after yourself.** Trading can be stressful and can become compulsive. If you find yourself buying Evaluations to chase losses, spending more than you planned, or trading in a way that affects your wellbeing or finances, stop and seek independent support. Next _28 Limitation of reliance_ ## 28 Limitation of reliance 28.1 No statement made by WhitePips, whether through its Website, customer support, educational content, social media, marketing materials, webinars, or other communications, should be interpreted as a guarantee of: 1. profitability; 2. trading success; 3. funding approval; 4. future payouts; 5. payout timing; 6. market performance; or 7. financial outcomes. 28.2 Participants should conduct their own independent assessment before making any purchasing or trading-related decisions. Next _29 Force majeure_ ## 29 Force majeure 29.1 WhitePips shall not be responsible for delays, interruptions, or failures resulting from events beyond its reasonable control, including: 1. natural disasters; 2. war; 3. terrorism; 4. civil unrest; 5. government actions; 6. pandemics; 7. utility failures; 8. internet disruptions; 9. cybersecurity incidents; 10. failures of banks, payment networks or blockchain networks; or 11. failures of third-party providers. Next _30 Limitation of liability_ ## 30 Limitation of liability 30.1 Nothing in this Risk Disclosure limits or excludes liability where such limitation or exclusion is prohibited by applicable law. 30.2 To the fullest extent permitted by law, WhitePips shall not be liable for indirect, incidental, consequential, exemplary, special, or punitive damages arising from participation in the Services. 30.3 Participants acknowledge that they voluntarily assume the risks associated with participation. 30.4 **Full terms.** The limits on WhitePips’s liability are set out in full in [Terms of Service, section 27 (Limitation of liability)](https://whitepips.com/legal/terms#liability) . Next _31 Related documents_ ## 31 Related documents 31.1 This Risk Disclosure should be read together with: 1. the [Terms of Service](https://whitepips.com/legal/terms) ; 2. the [Privacy Policy](https://whitepips.com/legal/privacy) and the [Cookie Policy](https://whitepips.com/legal/cookies) ; 3. the anti-money laundering and verification sections of the [Terms of Service](https://whitepips.com/legal/terms) (the AML & KYC Policy); 4. the Plan Specification of your account and the [Trading Rules](https://whitepips.com/legal/trading-rules) (the CFDs Challenge Terms, Futures Challenge Terms and Instant Account Terms); 5. the [Payout Policy](https://whitepips.com/legal/payout-policy) and the [Refund Policy](https://whitepips.com/legal/refund-policy) ; 6. the [Restricted Jurisdictions](https://whitepips.com/legal/restricted-jurisdictions) policy; 7. the partner terms given to approved Partners (the Partners Terms & Conditions); and 8. any additional legal notices published by WhitePips. Next _32 Changes to this Risk Disclosure_ ## 32 Changes to this Risk Disclosure 32.1 WhitePips may amend this Risk Disclosure from time to time to reflect: 1. changes in our Services; 2. legal or regulatory developments; 3. operational changes; 4. industry standards; or 5. business requirements. 32.2 The latest version will always be published on the WhitePips website. Next _33 Contact_ ## 33 Contact 33.1 If you have any questions regarding this Risk Disclosure, please contact WhitePips at notifications@whitepips.com. By purchasing, accessing, or using any WhitePips product or service, you acknowledge that you have read, understood, and accepted this Risk Disclosure. Risk Disclosure · Version 2.1 · Effective 22 September 2026 · WhitePip FX Ltd., registered in Saint Lucia, Registration No. 2026-00645. Questions: notifications@whitepips.com. Back to top [All legal documents](https://whitepips.com/legal/) [Back to WhitePips](https://whitepips.com/) ## Related policies [**Trading Rules** The objectives, loss limits, conduct rules and resets for every CFD, Futures and Instant account. _Read the policy_](https://whitepips.com/legal/trading-rules) [**Payout Policy** How payouts are earned, requested and paid by bank transfer, in crypto or as store credit. _Read the policy_](https://whitepips.com/legal/payout-policy) [**Terms of Service** The agreement between you and WhitePip FX Ltd. for every account, evaluation and payout. _Read the policy_](https://whitepips.com/legal/terms) [**Privacy Policy** How WhitePip FX Ltd. collects, uses, shares, keeps and protects your personal data, and your rights over it. _Read the policy_](https://whitepips.com/legal/privacy) [**Cookie Policy** Which cookies and similar technologies WhitePips uses on its website and dashboard, why, for how long, and how to change your choice. _Read the policy_](https://whitepips.com/legal/cookies) [**Refund Policy** When a fee paid to WhitePips can be refunded, when it cannot, how to ask, and how refunds reach you. _Read the policy_](https://whitepips.com/legal/refund-policy) [**Restricted Jurisdictions** Where WhitePips does not offer its services, how sanctions apply, and what happens if the restrictions are circumvented. _Read the policy_](https://whitepips.com/legal/restricted-jurisdictions) All legal documents [Legal hub](https://whitepips.com/legal/) - [Trading Rules](https://whitepips.com/legal/trading-rules) - [Payout Policy](https://whitepips.com/legal/payout-policy) - [Terms of Service](https://whitepips.com/legal/terms) - [Privacy Policy](https://whitepips.com/legal/privacy) - [Cookie Policy](https://whitepips.com/legal/cookies) - Risk Disclosure - [Refund Policy](https://whitepips.com/legal/refund-policy) - [Restricted Jurisdictions](https://whitepips.com/legal/restricted-jurisdictions) --- WhitePips provides skill-based trading evaluations on simulated accounts; payouts are real money based on simulated performance. Nothing here is financial advice or a promise of profit, passing an evaluation does not guarantee funding, payouts or income, and trading leveraged products carries significant risk. Not offered in the restricted jurisdictions listed at https://whitepips.com/legal/restricted-jurisdictions.