Risk Disclosure

1. General Investment Risk

All investment activity carries inherent risk. There is no such thing as a risk-free investment. When you invest through the Tirnu platform, you accept that:

• The value of your portfolio can decrease as well as increase
• You may not recover the full amount of capital you have invested
• Returns are never guaranteed and past performance provides no assurance of future results
• Economic conditions, market sentiment, geopolitical events, and other factors outside your control can significantly affect the value of your investments
• Different asset classes carry different levels of risk and you should understand the risk profile of each before investing

2. Market Risk

Market risk is the risk that the value of an investment will decrease due to changes in market conditions. This includes:

3. Cryptocurrency Risk

Specific risks associated with cryptocurrencies include:

4. Liquidity Risk

Liquidity risk is the risk that you may not be able to buy or sell an asset quickly enough at a fair price. This applies to all asset classes available on the platform:

• Stocks — smaller or less frequently traded companies may have wide bid-ask spreads and low trading volumes, making it difficult to execute trades at expected prices
• ETFs — some ETFs may have low trading volumes outside of peak market hours, resulting in price slippage
• Cryptocurrencies — smaller or less well-known digital assets may have very low liquidity, making large trades difficult to execute without significantly moving the market price

In periods of extreme market stress, liquidity can disappear rapidly even for normally liquid assets. We do not guarantee the ability to execute orders at any specific price.

5. Operational Risk

Operational risk refers to risks arising from the operation of the platform itself:

• Technology failures — platform outages, server failures, or connectivity issues may prevent you from accessing your account or executing trades during critical market moments
• Cybersecurity risk — despite our security measures, no system is completely immune to cyberattacks, hacking, or data breaches
• Third-party risk — we rely on third-party providers including custody providers, payment processors, and data providers. Failures by these providers could affect your ability to use the platform or access your assets
• Human error — errors in order entry, including incorrect quantities, prices, or asset selection, are your responsibility. Orders that have been executed cannot be reversed

6. Regulatory Risk

The regulatory environment for investment platforms and digital assets is changing rapidly across the EU, Switzerland, and globally. Regulatory changes may:

• Restrict or prohibit certain types of investments or trading activities
• Require us to modify, suspend, or withdraw services in certain jurisdictions
• Result in additional costs, taxes, or reporting requirements being passed on to users
• Affect the legal status of digital assets and the protections available to investors

We monitor regulatory developments and will notify users of material changes that affect their use of the platform. However, we cannot guarantee that changes will not occur rapidly or without advance warning.

7. Currency Risk

If you hold assets denominated in a currency other than your home currency, changes in exchange rates can affect the value of your investments when converted back to your home currency. This applies to:

• Foreign-listed stocks and ETFs denominated in USD, GBP, or other currencies
• Cryptocurrencies which may be priced in USD on underlying exchanges
• Any cash balances held in currencies other than your account's base currency

Currency markets can be volatile and exchange rate movements can significantly enhance or reduce your investment returns.

8. Concentration Risk

Concentration risk arises when a significant portion of your portfolio is held in a single asset, sector, geography, or asset class. A concentrated portfolio can lead to greater losses if that specific area of the market performs poorly.

Diversification across asset classes, sectors, and geographies is generally considered a prudent risk management strategy, although it does not guarantee against loss.

9. Leverage & Margin

Where leverage or margin trading features are available on the platform, these carry significantly amplified risk. Leveraged positions can result in losses that exceed your initial investment. You should fully understand how leverage works before using any such features.

Any leverage features available on the platform will be clearly disclosed along with the specific risks involved before you can access them.

10. No Investment Advice

Nothing on the Tirnu platform constitutes investment advice, financial advice, or a personal recommendation to buy, sell, or hold any financial instrument or digital asset. This includes:

• Market data, prices, and charts
• AI-assisted analysis and signals
• Community sentiment indicators
• Strategy frameworks and templates
• Any news, analysis, or editorial content

All such content is provided for informational and analytical purposes only. You are solely responsible for evaluating the suitability of any investment for your personal circumstances.

11. No Guarantee of Returns

Tirnu makes no representation, warranty, or guarantee — express or implied — that:

• You will achieve any particular investment return
• The value of any asset will increase over any period
• Any strategy, framework, or analytical tool will produce profitable results
• Historical backtesting results are indicative of future performance

12. Questions

If you have questions about the risks associated with investing through the Tirnu platform, or if you would like to understand more about a specific risk before investing, please contact us: