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Risk warning
Trading cryptocurrencies carries a high level of risk and may not be suitable for everyone. The platform recommends that users carefully consider their financial situation and investment objectives before trading, and warns that users should not invest more than they can afford to lose. 3commas also notes that past performance is not indicative of future results, and that users should not rely solely on historical data or performance results when making trading decisions.
Risk warning
Phemex carries risks associated with volatility, leverage, hacking, and regulatory issues. Traders should take steps to manage these risks, such as using stop-loss orders and only trading with funds they can afford to lose.
Risk warning
CFDs are complex instruments and come with a high risk of losing money rapidly because of leverage. 71% of the retail investor accounts lose money when they are trading CFDs with this provider. You should consider whether you understand how CFDs, forex work and whether you can afford to take the high risk of losing your money.