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Risk Warning: Trading in Derivatives carries a high degree of risk and is not suitable for all investors. The gearing or leverage available in Derivatives trading means that a relatively small movement in price can lead to proportionally large losses or gains. Consequently you may lose more than your initial deposit. Please ensure that you fully understand the risks involved prior to opening an account and seek expert advice if necessary. Click here for a full risk warning.

Disclaimer: Flat-rate CFD, Forex and Futures trading is only suitable for those customers that can be classified as intermediate customers (as defined by the FSA) based on their trading experience and expertise. Customers classified as private customers may only trade E*TRADE CFDs. For full details of our CFD, Forex and Futures product and pricing, please visit www.etrade.co.uk. Click here for our Terms and Conditions. E*TRADE Securities Limited is authorised and regulated by the Financial Services Authority and a member of the London Stock Exchange. Vintners' Place, 68 Upper Thames Street, London EC4V 3BJ. Registered in Scotland No. SC103238. E*TRADE and the Asterisk Logo are registered trademarks of E*TRADE Financial Corporation or its subsidiaries and are used with permission. © 2004 - 2005 E*TRADE FINANCIAL Corp. All rights reserved.

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