Terms of use
This site is educational material only, it is not advice and not an offer, and trading gold CFDs carries a high risk of loss.
Educational material, not advice
Everything on this site is educational material only. It is not personal advice, not a recommendation to trade, and not an offer to buy or sell gold or any other instrument. The desk is not a broker, bank or licensed adviser, and it does not know your circumstances, your income or your debts.
A page may explain how margin works, using the worked figure where a 0.10-lot gold position needs about $85.50 at the stated cap, but that is an illustration and not a suggestion that the position suits you. Any decision to trade is yours, and it should be made with the broker's own documents in front of you.
The Law That Applies to These Terms
These terms are governed by the laws of the Federal Republic of Nigeria. If a dispute arises over your use of Calabar Tryout, Nigerian law applies, and the courts of Nigeria have jurisdiction. This applies regardless of where you access the site from, though local consumer protections may also apply to you.
The site is published for readers in Nigeria, and references to naira amounts, bank transfers, cards, e-payments and crypto reflect that audience. Nothing here is intended to contravene Nigerian regulations. The SEC Nigeria is the local authority for capital market operators, and you should use its register to check any broker you consider.
If any part of these terms is found unenforceable under Nigerian law, the remaining parts stay in force. These terms do not override any mandatory rights you have under Nigerian consumer law. Where a dispute concerns a broker, the broker's own terms and the law of its licensing jurisdiction will also apply.
How Changes to These Terms Are Published
Changes to these terms are published on this page. When we update the terms, the revised version appears here and replaces the previous version. We do not send individual notices, so you should check this page from time to time if you rely on it. The date of the latest version is shown on the page.
We may change these terms to reflect new information, corrections, or changes in how the site operates. For example, if the leverage information is clarified, we will update the relevant section. We will not change the terms retrospectively to affect rights that have already arisen.
If you continue to use Calabar Tryout after a change is published, you accept the updated terms. If you do not agree with a change, you should stop using the site. The affiliate relationship and the limits of liability described here apply to all versions unless expressly replaced.
Limits of Liability in Plain Words
Calabar Tryout is not liable for any trading losses you incur. The site provides information, not advice, and you make every trading decision yourself. If you lose money on gold CFDs, that loss is yours. We do not control the market, the broker's execution, or the platform you use, and we cannot compensate you for losses.
We aim to be accurate, but we do not guarantee that every figure or statement is free from error or up to date. Leverage, for example, can vary: one review cited 1:30/1:20 caps while the offshore entity offers up to 1:200, and this was not verified at review. Always confirm current terms with your broker before trading.
To the extent permitted by law, Calabar Tryout excludes liability for any direct or indirect loss arising from use of this site. This includes loss from reliance on examples, such as the margin figure of about $85.50 for a 0.10-lot gold position at 1:200. Nothing here limits liability that cannot be limited under applicable law.
Risk of loss on gold CFDs
CFDs on gold carry a high risk of loss, and most retail accounts lose money. Leverage, including the cap of up to 1:200 via the offshore entity, increases both the size of a move you can take and the speed at which a loss can build. A position can be closed out against you faster than you expect.
Do not trade with money you cannot afford to lose, and do not treat a demo result as evidence of what a funded account will do. The desk does not guarantee any outcome and does not publish profit claims. If you are unsure, the honest step is not to trade.
Your Responsibilities When Using This Site
You are responsible for checking any information before you act on it. That means confirming a broker's regulatory status on the SEC Nigeria register, checking current leverage with the entity that serves you, and verifying costs such as spreads and swaps with the broker. Calabar Tryout does not verify these for you, and figures can change.
You are also responsible for deciding whether gold CFD trading suits your finances. Gold is volatile, and with leverage up to 1:200 a small move can wipe out your margin. The worked example of about $85.50 margin for a 0.10-lot position shows how leverage works, not how much you should risk. Never trade with money you cannot afford to lose.
You must be old enough to trade under Nigerian law and must not use this site for any unlawful purpose. You should keep your account credentials secure and deal only with brokers you have checked. Calabar Tryout does not monitor your trades and cannot intervene if you have a dispute with a broker.
Dated figures and affiliate links
Figures on this site are dated and must be verified with the broker before you rely on them. Costs such as spreads, commissions and swaps are described by what they consist of and what they depend on, not as fixed numbers, because the desk was not given verified numbers to publish. Leverage terms are recorded as stated, including the conflict between up to 1:200 via the offshore entity and the 1:30/1:20 caps cited in one review, which were not verified.
Some links are affiliate links, which means the desk may be paid a referral fee if you open an account. That fee does not change the content. When you follow a link and open an account, your relationship is with the broker, not with this desk, and any dispute is handled under the broker's terms. For the local authority, the fact we rely on is this: FxPro is licensed by the FCA (UK), CySEC and FSCA; confirm any broker on the SEC Nigeria register of capital market operators.
The Affiliate Relationship in Full
Calabar Tryout earns money through affiliate links. If you click a link to FxPro and open an account, the site may receive a commission from FxPro at no extra cost to you. This is how the site is funded. The commission does not change the information we publish, and it does not give you a worse deal on your trading account.
The affiliate relationship means we have a financial interest in you choosing FxPro. We state this openly so you can weigh it. We do not promise that FxPro is suitable for you, and we do not rank brokers by how much they pay us. Any mention of platforms such as MT4, MT5, cTrader or FxPro Edge is factual, not a paid endorsement of their performance.
You are free to open an account with any broker, including one not linked from this site. Before funding, check the broker's regulatory status yourself, including the SEC Nigeria register. The affiliate commission is separate from your trading costs, which depend on the broker's own pricing and the entity that serves you.
What Calabar Tryout Is and Is Not
Calabar Tryout is an independent information site that explains how gold (XAU/USD) trading works, including lot sizes, pip values and margin. It is not a broker, fund manager or investment adviser, and it does not execute trades. Everything here is general educational content for readers in Nigeria, written to help you understand the mechanics before you risk money. If you need personal advice, speak to someone authorised by the SEC Nigeria.
The site does not tell you when to buy or sell gold, and it does not manage money on your behalf. Any example using the reference price of 4275.0 is for illustration only and is not a recommendation. You alone decide whether a trade suits your circumstances. Trading gold CFDs carries a high risk of losing money quickly, and no part of this site changes that.
Calabar Tryout is not affiliated with FxPro beyond the affiliate relationship described on this page. References to FxPro, MT4, MT5, cTrader or FxPro Edge are for information only. The entity that serves Nigeria is FxPro Markets Direct Costa Rica Latam SRL, and you should confirm any broker on the SEC Nigeria register of capital market operators before funding an account.