法律相關信息

風險披露声明

1. 重要提示

此「投資與交易風險說明」旨在用戶能夠了解使用 ATLAS 的交易和投資功能時可能面臨的主要風險。.
在金融市場進行交易會帶有風險。各種證券、數位資產、衍生品以及其他金融產品的價值可能會有所波動。.
使用者可能會失去部分，甚至全部投資的資金。.
過去的表現、歷史數據、模擬交易結果、交易者排名、人工智能分析結果、定量模型以及市場預測等，都無法保證未來的表現。.
在進行任何交易之前，用戶應該根據自己的需求，自行判斷某個產品是否適合自己使用。
投資者的財務狀況、投資目標、交易經驗、風險承受能力，以及所在國家的相關法律規定。.

2. 一般市場風險

股票、數位資產以及其他金融產品的價格可能受到各種因素的影响，包括：
市場供應與需求；;
企業的運作狀況；;
財務報告；;
利率的變動；;
通貨膨脹；;
匯率；;
政府政策；;
規範性的變更；;
國際政治與經濟事件；;
市場情緒/市場態度;
最新消息；;
自然災害；;
技術上的故障；;
其他不可預測的事件。.

市場價格在短時間內可能會有巨大的波動。.
使用者不應該認為任何資產的值都會持續上升或保持穩定。.

3. 市場價格風險

這是 ATLAS 交易系統需要向用戶特別強調的一點。.
該平台可能會顯示以下內容：
最近交易價格
出價（現買方提供的報價）
請問（現售價格）
買入單位數量
請問銷售量是多少？
交易量
棒圖形和歷史價格數據
這些價格具有不同的含義。.
例如：
最近成交價：$10.00
出價：$9.90
問題：$10.20
$10.00這個價格只表示，最近有一筆交易發生在該價位附近；但並不意味著現在就可以以$10.00的價格進行買賣。.
因此：
平台上顯示的最新交易價格並不表示實際成交價格會保持不變。.
用戶實際支付的交易價格，是由最終的訂單執行結果所決定的。.

4. 與市場數據延遲及數據來源相關的風險

ATLAS可以通過第三方交易平臺、經紀人、市場數據供應商或其他數據供應商來獲取市場數據。.
可能影響此现象的因素包括：
網路延遲；;
市場數據提供商的發行；;
WebSocket連接中斷的問題；;
API服務出現異常情況；;
數據傳輸失敗；;
交易所市場數據斷連；;
用戶網絡問題；;
市場數據的訪問權限；;
系統維護；;
因此，市場數據可能會出現以下情況：
延迟、更新功能暫停、數據缺失或顯示異常等問題。.
例如，如果某隻股票的昨天交易價為$25.00，,
而當市場數據無法更新時，該價格可能會持續以歷史最後成交價格的形式存在。.
這並不意味著：
該交易仍然可以在今天以 $25.00 的價格被執行。.
因此，ATLAS交易系統應該能夠區分所顯示的市場數據與實際的訂單執行數據。.

5. 持續引用風險

對於流動性較低的證券而言，其「最後交易價格」可能會在長時間內保持不變。.
例如：
最後一筆交易：10:05
最近成交價：$5.20
現在時間：11:30
這可能只是表示：
自10:05之後，就沒有再發生任何交易了。.
價格不變並不一定表示該證券的價值沒有變化。
被暫停交易、從市場上移除或無法進行交易。.
同樣地，雖然最後的交易價格為 $5.20，但這並不表示就一定能找到願意以該價格進行交易的對手方。.
ATLAS應根據實際市場數據的時間戳記、資產狀態、市場狀況以及可執行的價格信息等綜合因素來進行評估。.

6. 買入價與賣出價的風險

股票交易通常會包含買方和賣方的報價。.
例如：
出價：$20.00
問價：$20.50
這意味著在現有的市場環境中：
最優惠的購買價格為約$20.00。;
最低售價約為$20.50。.
兩者之間的差異是：
$20.50 – $20.00 = $0.50
它被稱為：
買賣差價。.
流動性較低的證券可能會出現較大的買賣差價。因此，一旦購買了這些證券之後，使用者可能會立即面臨虧損情況，即便市場狀況並沒有發生顯著的變化。.

7. 流動性風險

即使某種資產正在被交易，也無法保證用戶的訂單一定會被執行。.
這是使用者必須了解的一個重要風險。.
例如：
股票狀態：活躍中
市場狀況：開放中

出價：—
問：—
這表示，該資產的安全性仍然被列為安全資產，但目前尚無可供立即買賣的報價。.
使用者可以提交符合市場規則的訂單，但是：
如果沒有對應的交易對手方可以執行該交易指令，那麼該交易指令可能無法被執行。.
因此：
可轉讓性並不意味著執行一定能夠得到保障。.

8. 與低流動性股票相關的風險

某些小盤公司的股票、在場外市場交易的證券，或是交易活躍度较低的股票，可能會具有以下特點：
在幾分鐘或更長的時間內，沒有交易發生；;
買入和賣出订单的數量都非常少；;
較宽的買賣差價範圍；;
交易量極低；;
市場订单的執行時間大幅延遲；;
無法一次性完成大量交易的執行；;
價格波動幅度很大。.
使用這些證券進行交易時，使用者應特別小心謹慎。.

9. 部分執行風險

訂單並不總是能在單一交易中以全額支付的方式完成執行。.
例如，請考慮以下市場銷售指令：
$10.00 100股
$10.10 200股
$10.30 300股
一位用戶希望購買1,000股股票。.
如果市場中的買方流動性不足，那麼只有部分订单能夠被執行。.
因此，訂單的狀態可能會顯示如下：
部分填充
剩餘的部分可以繼續等待被執行，也可以由用戶取消，或者根據預約規則而自然失效。.

10. 價格波動風險

在市場波動頻繁或流動性不足的時期，最終的執行價格可能會與提交訂單時所看到的價格有所不同。.
例如，使用者可能會看到這樣的提示：問答編號：$10.00
但是，市場上提供的價格只有：$10.00 × 100股。
如果使用者發出買入指令，購買2,000股股票：
剩餘的貨物可以以更高的價格被購買，例如：
$10.10
$10.30
$10.50
……等等。.
這種現象被稱為：
Slippage. The risk of slippage is generally more pronounced when order sizes are large and market depth is low.

11. Market Order Risks

The primary objective of a market order is usually:
To execute as quickly as possible based on currently available market conditions.
It does not guarantee a specific execution price.
During periods of rapid market movement or insufficient liquidity, a market order may execute at a price significantly different from the user’s expectations.
For securities with extremely low liquidity, if no valid, executable quotes exist, a market order may fail to execute immediately or be subject to trading system restrictions.

12. Limit Order Risks

Limit orders allow users to specify the maximum purchase price or minimum sale price they are willing to accept.
例如：
Limit Buy: $10.00
If the current lowest ask price is: Ask $10.50
The order will typically not execute immediately.
因此：
Limit orders offer price control but do not guarantee execution.
Even if the market price briefly touches the user’s limit price, execution may still fail due to order priority, market depth, or other trading conditions.

13. Large Order Risks

Users should pay special attention to market depth when submitting large orders.
For example, if the market only shows: Ask $20.00 × 500 shares
A user cannot assume that:
An order to buy 50,000 shares
Will all execute at $20.00.
Large orders may:
Result in partial fills, span multiple price levels, incur significant slippage, or experience long delays before execution.

14. Trading Suspension Risks

Securities may be temporarily suspended from trading due to:
Major news, corporate announcements, abnormal price volatility, regulatory investigations, exchange decisions, or other reasons.
During the suspension:
Users may be unable to open new positions, close existing positions, or execute pending orders.
Upon the resumption of trading, the security’s price may differ significantly from the price prior to the suspension.

15. Delisting Risks

Securities may be delisted from major exchanges due to:
Failure to meet the exchange’s continued listing requirements;
Corporate bankruptcy;
Mergers and acquisitions;
Privatization;
Regulatory reasons;
Voluntary application by the company;
Other corporate actions.
Following delisting, the security may:
Cease trading, move to an OTC market, convert into another security, undergo cash settlement, or be handled in accordance with the relevant corporate action. Users may be unable to sell securities at the pre-delisting price.

16. OTC Securities Risks

OTC securities often exhibit:
Lower liquidity, wider bid-ask spreads, lower information transparency, and higher price volatility.
When a stock is delisted from Nasdaq or NYSE and continues trading on the OTC market, it does not imply that:
Liquidity, trading conditions, or market prices remain the same as on the original exchange.
Users should fully understand the specific risks associated with the OTC market.

17. Pre-market and After-hours Trading Risks

Pre-market and after-hours markets may exist outside of standard U.S. stock trading hours.
Extended-hours trading often involves:
Lower liquidity;
Wider bid-ask spreads;
Fewer participants;
Higher price volatility;
Differences in market data sources;
Reduced opportunities for execution.
Consequently, for the same stock, there may be:
Significant differences in price and market depth across pre-market, standard trading, and after-hours sessions.

18. Price Discrepancy Risks Across Platforms

Different trading platforms may utilize different:
Market data providers;
Trading venue data;
Real-time vs. delayed quote permissions;
Sources for “Last Price”;
Sources for bid/ask quotes;
Data aggregation mechanisms;
Update timings.
Therefore, the price displayed for the same stock may vary across different platforms.
Such discrepancies do not necessarily indicate data errors on any specific platform.

19. Order Execution Risks

After a user submits an order, it may progress through stages such as:
Submitted → Accepted → Pending → Partially Filled → Filled
Alternatively, it may result in:
Submitted → Rejected
Or:
Submitted → Cancelled
Successful order submission does not guarantee a successful trade execution.
The final execution status, quantity, and price are determined by the actual execution records.

20. IPO Investment Risks

IPO subscriptions entail specific risks.
Submitting an IPO subscription:
Does not guarantee an allocation.
Final allocation may be influenced by:
Offering size, market demand, subscription volume, underwriting arrangements, and other factors.
Users may:
Receive a full allocation, a partial allocation, or no allocation at all.
Post-listing prices may:
Rise, fall, or experience significant volatility.
Platforms must not promise guaranteed profits following an IPO listing.

21. Digital Asset Risks

Digital assets are subject to high price volatility.
Prices may undergo significant fluctuations within a short period. Additional risks may include:
Blockchain network risks;
Wallet risks;
Private key risks;
Smart contract risks;
Network congestion;
Block confirmation delays;
Forking risks;
Regulatory change risks.
Digital asset trading is not suitable for all users.

22. Digital Asset Transfer Risks

When depositing or withdrawing digital assets, users should carefully verify:
Asset → Network → Address → Memo/Tag (if applicable)
例如：
ERC20, TRC20, and BEP20
belong to different network systems.
Selecting the wrong address or network may result in assets failing to arrive or even being permanently lost.

23. Contract and Leverage Risks

Contracts and other leveraged products carry high risks.
例如：
Principal: $10,000
Leverage: 10x

Notional position value: $100,000
Small fluctuations in market price can significantly impact the user’s principal.
Leverage: Amplifies both profits and losses.

24. Forced Liquidation Risks

If the margin in a user’s account falls below the maintenance margin requirement, the relevant position(s) may be subject to forced liquidation.
In rapidly changing market conditions:
The actual forced liquidation price may differ from the user’s expectations.
In extreme market conditions, actual losses can escalate rapidly.
Users should fully understand margin and forced liquidation rules before using leveraged products.

25. Fee Risks

Trading may incur various fees, such as:
Stock trading-related fees;
Contract trading fees;
Market data fees;
Network fees;
Third-party fees;
Other applicable fees required by law.
For products where fees are charged on both sides of the trade:
Opening a position → Fees may be incurred
Closing a position → Fees may be incurred again
Therefore, users should factor in these fees when assessing trading profit or loss.

26. Copy Trading Risks

ATLAS may allow users to follow the trading strategies of other traders.
However:
A trader’s historical profitability does not guarantee future profitability. Due to factors such as:
network latency;
differences in user account balances;
variations in copy-trading ratios;
market liquidity;
slippage;
time lags in order placement; and
position limits;
the final execution results for copy-trading users may differ from those of the lead trader.

27. AI and Quantitative Trading Risks

ATLAS may provide:
AI market analysis, quantitative strategies, trading signals, technical indicators, market forecasts, and other auxiliary functions.
Any AI or algorithmic model may:
make erroneous judgments, be affected by anomalous data, or fail to predict sudden market events.
因此：
AI analysis results do not constitute a guarantee of profits or trading outcomes.
Users should not rely solely on AI signals for investment decisions.

29. Third-Party Service Risks

Certain ATLAS services may rely on:
brokers, exchanges, clearing houses, banks, custodians, payment service providers, market data vendors, and other third parties.
System failures, business interruptions, rule changes, or other anomalies
occurring at these third parties may affect ATLAS’s related services.

30. Regulatory and Legal Risks

Laws and regulations concerning financial markets and digital assets are subject to change.
Different countries and regions may adopt
varying regulatory regimes regarding stocks, digital assets, derivatives, OTC products, and other financial instruments.
Changes in relevant laws may result in:
the discontinuation of certain products;
changes in user eligibility;
trading restrictions;
requirements for additional identity verification; or
changes in how assets are handled.

31. Tax Risks

Different tax rules may apply in various countries and regions regarding investment income, capital gains, digital assets, and other trading activities.
Users are responsible for understanding and fulfilling their applicable tax obligations. Unless relevant professional services are explicitly provided in accordance with the law:
Account data, transaction records, or general tax information provided by ATLAS do not constitute tax advice tailored to the user’s personal circumstances.

32. Past Performance Does Not Guarantee Future Results

Information displayed on the platform—including:
historical returns;
historical transactions;
performance curves;
trader rankings;
simulated backtesting;
AI predictions; and
historical win rates—
reflects only relevant historical data or model results. Past performance does not guarantee future results.

33. User Responsibility for Risk Management

Users should reasonably manage the following based on their own circumstances:
investment amounts, position sizes, order quantities, leverage ratios, and maximum tolerable losses.
Users should not invest funds they cannot afford to lose.

34. High-Risk Product Confirmation

For contracts, leveraged products, OTC trades, certain digital assets, or other high-risk products, ATLAS may require users to complete the following steps before initial use:
reading risk disclosures → risk knowledge test → risk tolerance assessment → user confirmation → activation of relevant functions.
The specific process shall be established in accordance with applicable laws and actual product requirements.

35. No Guarantee of Returns

ATLAS shall not promise users:
fixed returns, risk-free returns, guaranteed profits, guaranteed IPO price increases, guaranteed successful trades, or any specific investment outcome.
Personal promises made by any staff member, trader, or third party that are inconsistent with official platform rules shall not be deemed official guarantees by the platform; the specific legal effect is subject to applicable laws and actual authorization relationships.

36. Risk Disclosure Confirmation

By using ATLAS’s trading services, the user confirms having had the opportunity to read the relevant risk disclosures and understands that:
Trading in financial markets carries the risk of loss of principal.
A security being in a normal trading state does not guarantee that an order can be executed.
The “Last Price” does not guarantee the current availability of an executable quote at that same price.
Low-liquidity securities may go without trades for extended periods; however, a “lack of trading for an extended period” does not in itself mean the security has been suspended or delisted.
Actual execution prices, quantities, and times depend on real market conditions and actual execution results.
Leveraged products can significantly amplify losses.
Users should decide whether to participate in trading only after fully understanding the relevant products and risks.