Risk Disclosures and Legal Notices

MFB Capital, LLC (“MFB”, alternatively “Introducing Broker”) is registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as an Introducing Broker and is a member of the National Futures Association (“NFA”), NFA ID: 0573109.

You may verify our registration and regulatory history through the NFA BASIC system at www.nfa.futures.org/basicnet. Information regarding the regulatory responsibilities of introducing brokers is available at www.cftc.gov.

The risk of loss in trading commodity futures contracts and options on futures can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition, investment objectives, and risk tolerance. Trading futures and options is speculative and not suitable for all investors.

You may sustain a total loss of the funds that you deposit with a futures commission merchant ("FCM") to establish or maintain a futures position, and you may incur losses beyond these amounts. If the market moves against your position, you may be required to deposit additional margin funds on short notice. If you fail to do so, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account.

Funds deposited with an FCM for futures trading are not protected by insurance in the event of the bankruptcy or insolvency of the FCM, or in the event of misappropriation.

Funds deposited with an FCM are not protected by the Securities Investor Protection Corporation (SIPC), even if the FCM is registered as a broker-dealer with the U.S. Securities and Exchange Commission.

Customer funds deposited with an FCM are generally not guaranteed or insured by a derivatives clearing organization in the event of the FCM’s bankruptcy or insolvency. Certain derivatives clearing organizations may maintain limited customer protection programs, subject to material limitations.

Customer funds are typically commingled with the funds of other customers. As a result, you may be exposed to losses caused by other customers if the FCM does not maintain sufficient capital.

An FCM may invest customer funds in certain permitted instruments pursuant to CFTC Regulation 1.25 and may retain any interest or earnings from such investments.

An FCM may deposit customer funds with affiliated entities, which may increase the risks to customer funds.

You should consult your FCM regarding the nature and extent of protections available for customer funds.

Under certain market conditions, including limit moves or trading halts, it may be difficult or impossible to liquidate a position.

All futures positions involve risk. Spread positions may be as risky as outright long or short positions.

Leverage can amplify gains and losses. Small market movements may result in substantial losses.

You should review publicly available financial and risk disclosures regarding your FCM, including those required by the CFTC.

Options transactions involve a high degree of risk. Purchasers and sellers of options should understand the characteristics and risks of the options they intend to trade.

A purchaser of options may lose the entire premium paid, plus transaction costs, if the option expires worthless.

Selling options generally entails greater risk than purchasing options. Potential losses may exceed the premium received and, in some cases, may be unlimited.

In certain jurisdictions, option premiums may be paid on a deferred basis, exposing the purchaser to margin obligations.

Contract terms, including delivery obligations and expiration dates, may be modified by the applicable exchange or clearing organization.

Market conditions, including illiquidity or trading suspensions, may increase the risk of loss.

Pricing relationships between futures, options, and underlying instruments may not be maintained.

The treatment of deposited funds in the event of insolvency may vary depending on applicable law and jurisdiction.

Commissions, fees, and other charges will affect profitability and may increase losses.

Foreign currency-denominated contracts are subject to exchange rate risk.

Trading facilities may experience system failures or disruptions affecting order execution.

Electronic trading involves risks related to hardware, software, connectivity failures, and cybersecurity events.

Certain transactions may occur off-exchange and may involve additional risks.

Foreign futures and options transactions may be subject to different regulatory regimes and reduced customer protections.

Exchange rate fluctuations may affect profits and losses on foreign contracts.

THIS STATEMENT DOES NOT DISCLOSE ALL RISKS ASSOCIATED WITH FUTURES AND OPTIONS TRADING. YOU SHOULD CAREFULLY REVIEW ALL DISCLOSURE DOCUMENTS PROVIDED BY YOUR FCM.

MFB acts solely as an introducing broker. We do not accept, hold, or control customer funds or securities. All customer accounts are carried by one or more FCMs, which are responsible for account administration, margining, trade execution, clearing, and custody of customer funds.

Pursuant to CFTC Rule 1.55, customers will receive the applicable risk disclosure statements from the FCM prior to trading and must acknowledge receipt and understanding of such disclosures before an account is opened. Additionally, MFB ensures that all customers are appropriately directed to the required disclosure materials before engaging in any trading activity.

MFB acts solely as an introducing broker and does not accept, hold, or control customer funds or securities. All customer accounts are carried and maintained by one or more FCMs, which are responsible for account administration, margining, trade execution, clearing, and custody of customer funds. Customers are encouraged to carefully review the FCM’s risk disclosure statements and confirm understanding before funding or trading in an account.

Electronic trading and order routing systems differ from traditional open outcry trading. Transactions executed through electronic systems are subject to the rules and regulations of the applicable exchanges and system providers.

Electronic trading exposes customers to risks associated with system or component failures, delays, loss of orders, loss of order priority, and limitations on liability imposed by exchanges, clearing organizations, FCMs, and technology vendors. In the event of a system failure, customers may be unable to enter, modify, cancel, or execute orders.

You acknowledge and consent that transactions executed for your account may be matched against orders entered by other market participants, including MFB and other affiliates of the FCM, in accordance with exchange rules.

MFB receives compensation in connection with the referral of customers to one or more FCMs. Such compensation may be based on commissions, fees, trading volume, or other commercial arrangements.

These arrangements may create incentives for MFB to introduce customers to particular FCMs. In addition, MFB or its affiliates may have business, ownership, or contractual relationships with FCMs, exchanges, clearing organizations, or other market participants.

Exchanges and clearing organizations may offer volume-based discounts, rebates, or incentive programs. MFB or its affiliates may benefit directly or indirectly from such programs, which may create additional conflicts of interest. However, any such arrangements do not impact the commission rates agreed upon by MFB and its customers unless otherwise disclosed.

Customers are encouraged to inquire about the nature of these arrangements and how they may impact commissions, fees, execution, or services provided.

Certain futures contracts may trade or settle at negative prices. In such circumstances, losses may be significant and may exceed the amount of funds deposited. Customers may be required to post additional margin on short notice. Failure to do so may result in liquidation of positions and liability for any resulting deficit.

No investment advice. MFB does not provide personalized investment advice, trading recommendations, or discretionary trading services. All trading decisions are made solely by the customer. Information provided on this website is for informational and educational purposes only and should not be construed as a solicitation or recommendation.

Promotional material and compliance. MFB endeavors to ensure that promotional and educational materials comply with applicable NFA rules, including NFA Rules 2-29 and 2-4. Hypothetical or simulated performance results, if presented, are subject to significant limitations and are not indicative of future results.

Electronic communications. Electronic communications may not be secure and may be subject to interception or unauthorized access. Customers should avoid transmitting sensitive personal or financial information through unsecured channels.

Limitation of liability. To the fullest extent permitted by applicable law, MFB disclaims liability for damages arising from the use of this website or from interruptions, errors, or delays in electronic communications or information services. Nothing herein is intended to waive or limit any rights or protections afforded under applicable federal or state law.

Website use and updates. This website is intended only for persons in jurisdictions where such activities are legally permitted. These disclosures may be updated from time to time without notice. Continued use of the website constitutes acceptance of these disclosures.

Dispute resolution and jurisdiction. By opening an account, you acknowledge that any disputes arising in connection with your account or these Risk Disclosures are subject to the terms set forth in the MFB Terms of Use, including arbitration, governing law, and venue provisions. The Terms of Use contain important information regarding your rights and obligations with respect to dispute resolution. You should review the Terms of Use carefully.

By opening an account, you acknowledge receipt and understanding of these Risk Disclosures and Legal Notices and confirm that:

You have read and understand the risks associated with trading futures contracts and options on futures.

You understand that trading futures and options on futures involves substantial risk of loss and is not suitable for all investors.

You understand that you may lose all funds deposited with the Futures Commission Merchant (“FCM”) and may incur losses in excess of such funds.

You acknowledge that MFB acts solely as an introducing broker, does not accept or hold customer funds, and that your account will be carried by an FCM.

You understand that no representation has been made that any account will or is likely to achieve profits or losses similar to those discussed in any materials.

You understand that you are solely responsible for your trading decisions.

Your continued use of the account or affirmative electronic acceptance constitutes your agreement and acknowledgement of these disclosures.