Terms of use for Karoo Picks

Educational material, not advice

The content on this site is educational material only. It is not personal financial advice, it is not a recommendation to buy or sell any instrument, and it is not an offer or a solicitation to open an account. Karoo Picks is not a licensed adviser, and nothing here is tailored to your circumstances, your capital or your goals.

Gold (XAU/USD) is quoted here with 1 standard lot equal to 100 oz and one pip equal to 0.01, and the reference price used in examples is approximately 4275.0. Those conventions are there so the arithmetic on the pages can be followed; they are not a view on where the price will go, and no page on this site predicts a price.

Risk of loss with CFDs on gold

Trading CFDs on gold carries a high risk of loss, and most retail accounts lose money. Leverage magnifies both directions: the maximum available to South African retail clients is up to 1:200, with up to 1:500 for eligible or professional clients depending on instrument, and that is a cap rather than a setting to aim at. At the retail cap, a 0.10-lot gold position needs about $85.50 margin, which shows how quickly exposure scales.

Do not trade with money you cannot afford to lose, and treat any figure on this site as an illustration rather than a promise of an outcome. Past performance and worked examples tell you how the mechanics behave, not what your account will do. If you are unsure whether trading suits you, that is a question for a licensed adviser, not for this desk.

South African law governs these terms, and disputes are handled under that law

The terms on this page are governed by the laws of South Africa, and any dispute about the site or these terms is subject to the jurisdiction of the South African courts. That applies to readers in South Africa and to the site's operation. If you access the site from another country, you do so on your own initiative and remain responsible for complying with your local rules. The governing law does not change your statutory rights as a consumer under South African law.

The regulatory framework you will meet most often is the FSCA, which is the familiar regulator for financial services in South Africa. FxPro notes that it is licensed by the FCA (UK) and CySEC, and that an FxPro entity holds an FSCA licence in South Africa. Check which entity your own account is opened with, because the licence and the protections that apply depend on the entity named in your account documents, not on the group's other licences.

If a dispute arises, the first step is to raise it with the broker through its own complaints process, because the trading relationship is between you and the broker. Karoo Picks is not a party to that relationship and cannot reverse a trade, release margin or rule on a broker complaint. For disputes about the site itself, contact the site directly before taking legal steps. Nothing in this section prevents you from approaching a regulator or ombudsman that has jurisdiction over your broker.

Limits of Liability in Plain Words

Karoo Picks is not liable for trading losses, missed opportunities, or account outcomes. Gold CFDs are high-risk instruments, and losses can exceed deposits. The site provides information and worked examples, not guarantees. If a position moves against you, the loss is yours, not the site's. Nothing on these pages transfers your trading risk to Karoo Picks or to any writer, editor, or contributor.

The site is not liable for errors, delays, or interruptions in the information it publishes. Figures such as the reference price of approximately 4275.0, the pip value of 0.01, and the margin example of about $85.50 at 1:200 are illustrative and may differ from the live market or the broker's own calculator. You should verify every number with FxPro before acting. The site does not warrant that any page is complete, current, or free of mistake.

The site is not liable for the acts or omissions of FxPro or any third party. Account opening, funding in ZAR by local card, bank transfer, or e-wallet, order execution, and dispute resolution are handled by the broker under its own terms. The regulator caveat applies: FxPro is licensed by the FCA (UK) and CySEC, and an FxPro entity holds an FSCA licence in South Africa; check which entity your own account is opened with. The site cannot resolve a broker complaint.

Karoo Picks is not liable for trading losses or for decisions you make after reading the site

Karoo Picks is not liable for any trading loss you suffer, because the site does not trade for you and does not control your orders. CFDs on gold are high-risk products, and losses can exceed deposits when leverage is used. By using the site you accept that you are responsible for your own decisions, including the choice of broker, the size of your positions, the leverage you select and whether you trade at all. The site provides information; it does not provide a safety net.

The site is not responsible for the accuracy of third-party platforms, price feeds or broker statements. Gold prices move quickly, and a reference price of about 4275.0 is only a snapshot used to explain the arithmetic of pips and margin. Errors, delays or outages at a broker or platform are outside the site's control. Check every figure against your own broker's live platform before you act on it, and keep your own records for tax and reporting purposes.

To the extent the law allows, Karoo Picks excludes liability for indirect or consequential loss arising from use of the site, including lost profits or lost opportunities. Nothing in these terms limits liability that cannot lawfully be limited, such as liability for fraud. Where a court finds that a limit is unenforceable, the remaining limits stay in place. This clause is written to be read plainly, not to hide behind legal language.

What Karoo Picks Provides and What It Does Not

Karoo Picks is an information service that explains how gold CFDs on XAU/USD work, how margin and pip values are calculated, and how South African traders can evaluate a broker such as FxPro. The site publishes educational material and worked examples only. It does not provide financial advice, personal recommendations, or any instruction to buy or sell. Every decision to trade, and every rand or dollar committed to a position, remains yours alone.

The site is not a broker, dealer, or intermediary. It does not hold client funds, execute orders, or open accounts. All trading takes place with FxPro, and the entity that serves South Africa is FxPro Markets Direct Costa Rica Latam SRL. Karoo Picks has no access to your account, your ZAR deposits, or your positions. If you fund by local card, bank transfer, or e-wallet, that transaction is between you and the broker.

The site is not a signal provider, portfolio manager, or tax adviser. It does not tell you when to enter or exit, how large a position to take, or how to treat profits for South African tax purposes. Any example, such as a 0.10-lot gold position needing about $85.50 margin at 1:200, is illustrative arithmetic, not a recommendation. You are responsible for confirming any figure with the broker before you trade.

Karoo Picks publishes information about gold trading and does not give personal advice

Karoo Picks is an information resource that explains how gold (XAU/USD) trading works, including lot sizes, pip values, margin and the mechanics of CFDs. Every article, calculator and example is educational content written for readers in South Africa. It is not a recommendation to buy or sell any instrument, and it does not take your income, savings, debts, tax position or trading experience into account. If you need advice tailored to your circumstances, speak to a licensed financial adviser who is authorised to give it.

The site does not execute trades, hold client money or open accounts on your behalf. Any trading you do happens with a broker you choose, under that broker's terms and the rules of the entity that serves you. Karoo Picks does not manage positions, set leverage for you or monitor your margin. You remain responsible for every order you place and for understanding the product before you place it. Nothing on this site changes the contractual relationship between you and your broker.

Examples on the site use a reference gold price of about 4275.0 and standard contract specifications: one standard lot is 100 oz and one pip is 0.01. Figures such as the roughly $85.50 margin needed for a 0.10-lot position at 1:200 are illustrations of the arithmetic, not forecasts or targets. Your own margin requirement depends on your broker's leverage setting, the instrument and the price at the time of the trade. Treat every number as a worked example, not as a promise of what you will see in your account.

How Changes to These Terms Are Published

Changes to these terms are published on this page, and the current version replaces any earlier one from the moment it appears. The site does not send individual notices for every edit. If you rely on these terms, check this page before acting on anything you read elsewhere on the site. Continued use of the site after a change is published means you accept the updated version.

Substantive changes, such as a new affiliate disclosure, a different liability position, or a change of governing law, are written into the relevant section rather than hidden in a separate document. The site keeps the same structure: what the site is and is not, the affiliate relationship, limits of liability, the law that applies, and this publication clause. That consistency lets you compare versions and see what moved.

The site does not set a fixed review calendar and does not promise advance warning of edits. If a change affects how a figure should be read, such as a leverage cap of up to 1:200 for retail or up to 1:500 for eligible or professional clients depending on instrument, the revised wording is published here. For the terms of your trading account, always rely on FxPro's own current client agreement, not on this page.

Changes to these terms are published on this page with a revised date at the top

Karoo Picks publishes changes to these terms on this page, and the revised version carries a new date at the top so you can see when it took effect. The current version replaces earlier versions when it is published. There is no separate email required, and no account login is needed to read the terms. If you want to know what changed, compare the page with any copy you saved earlier; the site does not maintain a public archive of every past version.

Changes may be needed when the site adds or removes a broker, when the affiliate arrangement changes, when the regulator caveat changes, or when the law requires different wording. The site does not promise advance notice of every edit, because some changes are corrections or clarifications. Continued use of the site after a revised version is published means you accept the revised terms. If you do not accept them, stop using the site.

The date at the top of the page is the only official signal that the terms have changed. Bookmark this page and check it before you rely on a term that matters to you, especially if you are about to act on a broker link. The site does not send personal notices about term changes, and it does not treat a click on an affiliate link as acceptance of a new version. Acceptance comes from using the site after publication.

The Law That Applies to These Terms

These terms are governed by the laws of South Africa. Any dispute about the content of this site, its disclaimers, or its affiliate disclosure is dealt with under South African law, regardless of where you are reading from. The site is published for readers in South Africa and uses rand amounts, local funding references, and the FSCA as the familiar regulator for that reason. Nothing in these terms overrides any right you have under South African consumer law.

The regulatory position of FxPro is separate from the law governing this site. FxPro is licensed by the FCA (UK) and CySEC, and an FxPro entity holds an FSCA licence in South Africa; check which entity your own account is opened with. The entity serving South Africa is FxPro Markets Direct Costa Rica Latam SRL. Your trading account is governed by the broker's own client agreement and the rules of the entity that holds it, not by these website terms.

If any part of these terms is found unenforceable under South African law, the remaining parts continue to apply. The site does not claim that its content complies with the financial promotion rules of every country, and it is not directed at readers outside South Africa. If you access it from elsewhere, you do so on your own initiative and are responsible for observing any local rules that apply to you.

Some links on Karoo Picks earn the site a commission, and the full arrangement is set out here

Karoo Picks earns money through affiliate links, which means the site may receive a commission if you click through to a broker and later open or fund an account. This is how the site is funded. The commission does not increase what you pay the broker, and it does not change the educational content you read here. The arrangement is a commercial one between Karoo Picks and the broker or its affiliate network, not between you and Karoo Picks.

The broker referenced across the site is FxPro, which offers MT4, MT5, cTrader and FxPro Edge. The entity that serves South Africa is FxPro Markets Direct Costa Rica Latam SRL, and FxPro is licensed by the FCA (UK) and CySEC, while an FxPro entity holds an FSCA licence in South Africa. Check which entity your own account is opened with, because the protections and the regulator that apply to you depend on that entity, not on the brand name alone.

Affiliate links do not buy placement in the educational material. Karoo Picks does not publish a ranking of brokers in exchange for payment, and it does not present a commission as a reason to trade. Any broker costs you pay, such as spreads, commissions or swaps, are set by the broker and disclosed in its own documents; the site does not state them as fixed numbers because they vary by account and market conditions. Read the broker's schedule before you fund anything.

The Affiliate Relationship Behind Links on This Site

Karoo Picks earns money through affiliate links. When you click a link to FxPro and later open a trading account, the site may receive a payment from the broker. This payment does not change the price you pay, the spread you are quoted, or the terms of your account. It is a marketing fee paid by the broker, not a charge passed to you. You are never obliged to use a link on this site.

The affiliate relationship does not buy influence over what the site says. Karoo Picks does not accept payment to describe a cost as low, a spread as tight, or a service as best. Where a figure is not supplied, such as a spread, commission, swap, or minimum deposit, the site says what the cost consists of and what it depends on rather than inventing a number. That rule applies whether or not a link is present.

You can avoid the affiliate relationship entirely by navigating to FxPro directly rather than through a link on this site. The educational content remains the same either way. If you have questions about how a link works or which entity your account is opened with, ask the broker before depositing. The site's commercial interest is disclosed here so you can weigh the information with that in mind.

Dated figures and affiliate links

Figures on this site are dated to the moment they were read from the broker's documents, and they must be verified with the broker before you rely on them. Leverage caps, funding routes and entity details can change, and the broker's own documents are always the current version. Where a number is not in those documents, we describe what a cost depends on instead of stating a figure.

Some links on Karoo Picks are affiliate links, which means the broker may pay us a referral fee if you open an account through them. That arrangement does not change the price you pay or the terms you get. Your relationship is with the broker, not with Karoo Picks: the account, the contract, the risk and any dispute sit between you and the broker entity that holds your account.

What You Agree to When You Use This Site

By using Karoo Picks you agree that you are responsible for your own trading decisions and for verifying every figure with FxPro before you act. The site supplies explanations, formulas, and worked examples; it does not supply advice, signals, or a recommendation to trade gold. You agree to treat the content as educational material and to seek independent advice where your circumstances require it.

You agree not to rely on the site for account servicing, funding, or dispute resolution. Those functions belong to FxPro, and the entity serving South Africa is FxPro Markets Direct Costa Rica Latam SRL. Funding in ZAR by local card, bank transfer, or e-wallet is arranged with the broker, not with Karoo Picks. If your account is opened with a different FxPro entity, check that entity's terms, because the regulator caveat applies to your own account.

You agree that the site may earn an affiliate payment if you open an account through a link, and that this does not change your costs or the information published. You agree that the illustrative margin example of about $85.50 for a 0.10-lot gold position at 1:200 is arithmetic, not a promise of what your broker will require. Leverage is a cap, not a target, and you remain responsible for the size of every position you take.