Legal Notices

FINRA/SIPC Notice

IBS Securities, LLC (B/D #037921) is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC) and is registered with the various states.

Securities Investor Protection Corporation is located at 805 15th Street, N.W. Suite 800, Washington, D.C. 2005-2215. You can contact them via phone at (203) 271-8300; by fax at (202) 371-6728; or via email at asksipc@sipc.org

Monies deposited with Integrated Brokerage Services, LLC d/b/a IBS Futures, d/b/a IBS Forex
, d/b/a IBS Metals; or with Alliance Financial, LLC d/b/a AFMetals are not SIPC insured.

NFA Notice

Integrated Brokerage Services, LLC (NFA#238748) and Alliance Financial, LLC (NFA#281989) are members of the National Futures Association (NFA).

Trademark and Copyright Notices

The www.IBSFutures.com website is a proprietary product of Integrated Brokerage Services, LLC. All rights reserved. Reproduction in whole or in any part in any form or medium is prohibited.

The Broker's Desk™ System and TheBrokersDesk.com are proprietary products of the joint venture between Integrated Brokerage Services, LLC, IBS Securities, LLC and Alliance Financial, LLC. All rights reserved. Reproduction in whole or in any part in any form or medium is prohibited.

The OTC Desk™ System and TheOTCDesk.com are proprietary products of Alliance Financial, LLC. Patent Pending. All rights reserved.   Reproduction in whole or in any part in any form or medium is prohibited.

IBS Securities, LLC — Online Investor is a proprietary product owned and developed by SciVantage, Inc. and is licensed to IBS Securities, LLC and its clearing broker U.S. Clearing, a division of ADP Clearing & Outsourcing Services. All rights reserved. Reproduction in whole or in any part in any form or medium is prohibited.

Reuters Trademark & Copyright Notices

Reuters Content is the intellectual property of Reuters Limited. Any copying, re-publication or re-distribution of Reuters Content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon.

Reuters, Reuters Dotted Logo and the Sphere Logo are trademarks and registered trademarks of the Reuters Group of companies around the world.

For additional information on other Reuters Services please visit the Reuters public web site — www.reuters.com.

Futures Risk Disclosure

Past results are not necessarily indicative of future results. Futures trading, even when done by a professional trader, presents substantial risk of loss, and only funds that a customer can afford to lose should be used for futures trading. You should carefully examine whether or not futures trading is suitable for you in light of your financial condition.

Forex Risk Disclosure

Past results are not necessarily indicative of future results. Forex trading, even when done by a professional trader, presents substantial risk of loss, and only funds that a customer can afford to lose should be used for Forex trading. The off-exchange nature of this type of foreign exchange trading can increase the risks associated with such trading. Funds deposited with a Foreign Exchange dealer are not required and will not be segregated for the benefit of Foreign Exchange customers and no preferential treatment will be provided these funds in the event of a dealer bankruptcy. Foreign exchange transactions conducted online carry additional risk of loss in the event of a hardware/software failure or communication disruption. You should carefully examine whether or not Forex trading is suitable for you in light of your financial condition.

Retail Forex Pricing Disclosure

Under US Regulations you may be considered a Retail Forex Customer. However, IBS Forex is operating pursuant to an exemption to the National Futures Association's definition of a Forex Dealer Member. Therefore, even though you may be considered to be a Retail Forex Customer, some or all of the protections available to you if you were conducting business with a Forex Dealer Member may not be available to you. For additional information, please contact IBS Forex Compliance at 312-582-6710.

IBS Forex acts as a Principal in all Foreign Exchange transactions with its customers and as such takes the other side of your trade(s) for its own account and risk. IBS Forex may Mark-Up or Down the price(s) of these transactions. The amount of any such Mark-Up/Down will vary depending on the transaction’s size, amount of time to maturity and prevailing market conditions. IBS Forex may have offset its risk involved in these transactions directly or may have assumed the market risk of these transactions without taking any steps to hedge or reduce its market exposure.

For more information on IBS Forex’s Pricing Policies please contact the IBS Forex Compliance Department at 1-877-868-6780 Toll-Free.

Precious Metals Risk Disclosure

There is risk of loss from Precious Metals trading. Past results are not necessarily indicative of future results. Precious Metals trading, even when done by a professional trader, presents substantial risk of loss, and only funds that a customer can afford to lose should be used for Precious Metals trading. You should carefully examine whether or not Precious Metals trading is suitable for you in light of your financial condition.

Precious Metals Borrowing/Lending Risk Disclosure

There is risk of loss in borrowing or lending of physical precious metals. You should carefully consider the risks associated with such borrowing or lending in the light of your individual financial circumstances.

Precious Metals Good Faith Deposit Notice

Because precious metals prices often fluctuate violently between the Trade Date and a trade's Settlement Date, IBS Metals/Alliance generally require a Good Faith Deposit (cash or collateral) of approximately 10% of the face value of the physical precious metals to be bought/sold to be on deposit prior to entering into binding transactions.

This Good Faith Deposit must be on deposit prior to entering into a trade or quoting firm prices. IBS Metals/Alliance will provide "indication only" price quotations on request prior to receipt of the required Good Faith Deposit. Adverse market movement will require the posting of additional funds/collateral on short notice.

Equities Risk Disclosure

There is risk of loss from Equities trading. Past results are not necessarily indicative of future results. Equities trading, even when done by a professional trader, may present substantial risk of loss, and only funds that a customer can afford to lose should be used for Equities trading. The level of risk inherent in Equities trading may vary widely from strategy to strategy. You should carefully examine each strategy contemplated to insure that the specific strategy or whether or not the Equities trading in general is suitable for you in light of your financial condition.

Equities Options Risk Disclosure

There is risk of loss from Equity Options Trading. Past results are not necessarily indicative of future results. Equities Options Trading, even when done by a professional trader, presents substantial risk of loss, and only funds that a customer can afford to lose should be used for Equity Options Trading. Prior to trading in Equity Options you should read the OCC Options Risk Disclosure Statement which contains an in-depth discussion of the various risks associated with this type of investing activity. In general, the level of risk inherent in Equities Options trading may vary widely from strategy to strategy. You should carefully examine each strategy contemplated to insure that the specific strategy or whether or not the Equities Options trading in general is suitable for you in light of your financial condition.

Trading System Risk Disclosure

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.