Key Information Document – Contract for Differences (CFD) on FX Pair

1. Purpose

2. Product

Product
Name of product	CFDs on FX pair
Name of PRIIP manufacturer	MAGAUTA CAPITAL (the ‘‘Company’’)
Website of PRIIP manufacturer	www.tradevexo.com
Call telephone number for more information
Competent Authority of PRIIP manufacturer	Financial Sector Conduct Authority (the ‘‘FSCA’’)
Date of production of the KIID	January 2025

You are about to purchase a product that is not simple and may be difficult to understand.

3. What is this Product?

Type:  A contract for difference (“CFD”) is a popular form of derivative trading. The price of the CFD is derived from the price of the FX Pair. CFD trading allows a trader to speculate on rising or falling prices on any FX Pair. Even though you will never own the underlying asset, your return or loss depends on movements in the price of the underlying and the size of your position. This document provides key information on CFDs where the underlying investment option that you choose is an FX pair (for example EUR/USD). You can visit the website for information on the currency pairs available to you.

Objective: The objective of trading CFDs is to gain a leveraged exposure to price movements and speculate on price movements (generally over the short term) in an underlying asset by obtaining an indirect exposure to the underlying asset. Your return depends on movements in the price of the underlying asset and the size of your stake. For example, if you believe the value of a Commodity s going to increase, you would buy a number of units of the CFD (this is also known as “going long”), with the intention to later sell them when they are at a higher value. The difference between the price at which you buy and the price at which you subsequently sell equates to your profit, minus any relevant costs (detailed below). If you think the value of a Commodity is going to decrease, you should sell a number of units of the CFD (this is also known as “going short”) at a specific value, expecting to later buy them back at a lower price than you previously agreed to sell them for, resulting in us paying you the difference, minus any relevant costs (detailed below).

Intended Retail Investor: CFDs are intended for investors who have knowledge of, or are experienced with, leveraged products and that understand how the prices of CFDs are derived, the key concepts of margin and leverage, the fact that losses may exceed deposits and have the appropriate financial means to bear losses of the entire amount invested.

What are the risks and what could I get in return?

Risk indicator

The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are unable to pay you. There is no recommended or minimum holding period for this product. You must maintain sufficient margin in your account to keep your positions open. Trading on margin means you could quickly lose your trading balance.

1 Lower Risk

2

3

4

5

6

7 Higher Risk

The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows      

how likely it is that the product will lose money because of movements in the markets. We have classified this product as 7 out of 7, which is the highest risk class. This is due to the chance that you could lose all of your trading balance.

Be aware of currency risk. It is possible to buy or sell CFDs on a commodity in a currency which is different to the base currency of your account. The final return you may get depends on the exchange rate between the two currencies. This risk is not considered in the indicator shown above.

Leveraged trading magnifies the losses of price movements and failure to deposit additional funds may result in the CFD being auto-closed. You are also subject to risks related to internet failures, communications failures and delays or account password theft.

This product does not include any protection from future market performance, so you could lose some or all of your investment. If we are not able to pay you what is owed, you could lose your entire investment. However, you may benefit from a consumer protection scheme (see the section “what happens if we are unable to pay you”). The indicator shown above does not consider this protection.

4. Performance scenarios^*

This key information document is not specific to a particular product. It applies to a CFD on any FX pair that we offer on our platform. However, each CFD you enter into with us is specific to you and your choices. You will be responsible for choosing the currencies in the FX pair; when you open and close your position; the size of your position and your margin (subject to leverage limits for the CFD depending on the FX pair); and whether to use any risk mitigation features we offer such as stop loss orders. The table below shows the money you could potentially profit or lose under different scenarios. Each of the performance scenarios is based on an account with only one open position.

However, each scenario will also be impacted by any other open position(s) you have with us. These underlying products offered for each CFD will have a material impact on the risk and return of your investment. Specific information on our CFD is available at www.tradevexo.com/forex

^*The Performance scenario presented below are only an indication of some of the possible outcomes based on recent returns. Market developments in the future cannot be accurately predicted and actual returns could be lower.

The following assumptions have been used to create the scenarios found in Table 1 below:
CFD on a FX pair (held intraday)
Index pair opening price:			(P)			1.2000
Trade size (per CFD):			(TS)			1 Lot
Margin %:			(M)			5,00%
Leverage:			(L)			1:20
Margin Requirement ($):			MR = P x TS x M			€5,000
Notional value of the trade ($):			TN = MR x L			€100,000
The scenarios also assume you do not make any further deposits on your account to meet margin calls. Table 1: Performance Scenario
BUY/LONG					SELL/SHORT
	Closing Price	Price change		Profit/Loss*	Performance Scenario		Closing Price	Price change	Profit/Loss*
Favorable Scenario	1.2180	1,5%		€1,476	Favorable Scenario		1.1850	-1,5%	€1,529
Moderate Scenario	1.2060	0,5%		€479	Moderate Scenario		1.1950	-0,5%	€504
Unfavorable Scenario	1.1850	-1,5%		€-1,529	Unfavorable Scenario		1.2180	1,5%	€-1,484
First Stressed Scenario	1.150	-5%		€-5,275	Stressed Scenario		1.2600	5%	€-4,772

^* The loss is restricted to your account balance as we offer negative balance protection

What happens if the Company is unable to pay out?
If the Company is unable to meet its financial obligations to you, this could cause you to lose the value of any position’s you have with MAGAUTA CAPITAL. However, in such cases, you may be eligible for Compensation under the Investors’ Compensation Fund (ICF), which covers either the 90% of your cumulative covered claims or the amount of EUR 20,000, whichever is lower. If you wish you may get more information on the ICF. MAGAUTA CAPITALsegregates your funds from its own money in accordance with the FSCA’s  Safeguarding of Client Asset rules. The indicator shown above does not consider this protection.
What are the costs?
Composition of costs Before you trade CFDs on Commodities, you should familiarize yourself with all the below costs for which you will be liable and which are capable of reducing your net profits or increase your losses. For more information on costs please view our General Fees Document. The below table portrays an illustration of types of costs along with their meaning:
This table shows the impact on return per year
One-off costs	Spread	The difference between the buy price and the sell price is called the spread. This cost is realized each time you open and close a trade.
	Currency Conversion
On-going costs	Financing	All positions on your account are subject to either a financing charge or a financing credit to reflect the cost of holding your position, and are calculated on a second by second continuous basis as opposed to an over-night daily basis.. The financing cost is calculated on a per position basis and may be a charge or a credit, depending on whether the position is a buy/ long position or a sell/ short position, and after also taking into account the impact of our admin fee
Incidental  costs	Distributor	We may make payments from time to time to certain partners who introduce business to us. These payments may be based on the revenues we earn from your trading activity or alternatively a one- off fee when you first trade dependent on the size of your deposits.
How long should I hold it, and can I take money out early?
This product generally has no fixed term and will expire when you choose to exit the product or in the event that you do not have sufficient funds available to cover the margin requirement and we close your position in accordance with the margin close out rules. You should monitor the product to determine when the appropriate time is to exit.
How can I complain?
The Company has established and maintains a Complaints Handling Procedure. If you wish to submit a complaint you can submit by email to [email protected] . If you do not feel your complaint has been resolved satisfactorily and are categorized as a Retail Client, you   are able to additionally refer your complaint to the Financial Ombudsman Service, further information can be found at  www.faisombud.co.za .
Other relevant information
The information contained in this information document should be read in conjunction with other legal documentation will in particular the contractual information available at  www.tradevexo.com/legal under the legal documents.