The xStocks appropriateness questionnaire assesses your understanding of xStocks and that this product fits your experience, knowledge and investment goals. It evaluates your understanding in the following areas:
Risk awareness: Being aware of, and willing to accept, the risks associated with xStocks. Your comfort with risk plays a key role in determining whether xStocks are suitable for you. For example, being comfortable with market fluctuations if it increases the potential for better returns.
Understanding xStocks: xStocks are digital tokens that mirror the price of real-world stocks or ETFs. They do not represent ownership in the underlying companies, and are not actual shares.
Pricing influences: Understanding that the value of an xStock is primarily driven by the price of the real stock or ETF it tracks. For example, an xStock that follows Tesla will generally move in line with Tesla's market price.
Selling xStocks: Selling an xStock allows you to get cash based on the stock price, minus any fees.
Personal experience: Assessing your level of experience with traditional stocks, to determine if you are adequately prepared to trade xStocks.