This notice provides you with information about the risks associated with investment products, in which you may invest, through services provided to you by Orca App Ltd (“Orca App;” “we”). Orca App provides investment services and is an appointed representative of RiskSave Technologies Ltd, which is authorised and regulated by the Financial Conduct Authority (FRN 775330).
Orca App Limited (t/a “Orca”) is a company registered in England and Wales (company number 12376651), with its registered office at 46-48 East Smithfield, London, England, E1W 1AW.
Investment products offered by Orca App are currently limited to a selection of US stocks, which shall be updated from time to time. You shall gain beneficial ownership of the respective securities when you purchase an equity using our services.
Orca App customers using the Trading Service will benefit from the protections available to clients receiving regulated investment services such as access to the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service for dispute resolution.
Orca App will not hold client money or client assets, this will be undertaken by a third party suitably authorised (the “Custodian”). The Custodian conducts its duties in the USA where it is regulated by the SEC and FINRA. You should note that this means the Custodian is not bound by the same regulatory obligations in relation to the safekeeping and administration of assets as a custodian which is authorised in the UK would be.
All of the products offered by Orca App carry a high degree of risk and may not be suitable for all investors. This notice provides you with information about the risks associated with these investments, but it cannot explain all of the risks nor how such risks relate to your personal circumstances. If you are in doubt, you should seek professional advice from a qualified financial adviser. It is important that you fully understand the risks involved before deciding to trade with Orca App, that you have adequate financial resources to bear such risks and that you monitor your positions carefully. Trading involves risk to your capital. You should not invest money that you cannot afford to lose, however, you cannot lose more than the equity in your account.
The products offered on Orca App are liquid securities listed on markets which are equivalent to the regulated markets in the UK. As such, Orca App are not obliged to determine that the investments are appropriate for you. No determination of the appropriateness of the investments for you will be made. If you are in doubt, you should seek professional advice from a qualified financial adviser.
The value of any investments made through Orca App may increase or decrease and you may get back less than you put in. Your capital is at risk.
You should further ensure that you are able to monitor positions on your account at all times, as you are solely responsible for this. We are not responsible for monitoring positions on your account.
Although the Orca App platform is automated, and our brokers strive to give the best execution available, it is possible that the market price could have changed between order placement and execution time, and, therefore, we cannot guarantee that the price requested will be the same as the price at which the order is executed, therefore, the price you receive can be in your favour or against you.
In addition, there are risks associated with the use of online deal execution and trading systems including, but not limited to, software and hardware failure and Internet disconnection.
With Orca App you are able to invest in fractions of a share (Fractional Shares). This allows you to invest in smaller amounts than you otherwise would, as the price of a share in some of the investments available on our Platform would otherwise far exceed the minimum investment size.