Risk & Broker-Dealer Activity Disclosure

In line with the Dubai Virtual Assets Regulatory Authority (VARA) Rulebooks

1. REGULATORY STATUS AND SCOPE OF SERVICES

World Golden Gate Virtual Assets Broker & Dealer Services L.L.C (“WGG”) is a licensed broker-dealer regulated by the Dubai Virtual Assets Regulatory Authority (VARA). WGG is authorized to operate spot and over-the-counter (OTC) virtual asset trading services within the Emirate of Dubai.

WGG does not offer:

• Custody or safekeeping of client assets

• Margin or leveraged trading

• Portfolio management or investment advisory services

• Staking, lending, or yield-generating programs

WGG does not engage in mining activities, proprietary trading or market making. 

WGG provides execution-only access to virtual asset markets. 

Clients retain full responsibility over their wallets, trading decisions, and the secure management of private keys.

2. CLIENT CLASSIFICATION AND PROTECTION

Clients interacting with WGG are classified as:

• Retail Clients

• Qualified Clients

• Institutional Clients (based on VARA criteria)

Retail clients benefit from heightened transparency and conduct obligations. By using WGG’s services, clients confirm they:

• Understand the nature and risks of virtual asset trading

• Have the financial capacity to absorb potential losses

• Are transacting for lawful, self-directed purposes

3. KEY RISK DISCLOSURES

Trading in virtual assets is inherently risky. Clients must acknowledge and accept the following:

1. Price Volatility: Virtual asset markets are volatile. Prices may experience significant and unpredictable movements.

2. Liquidity Risk: Some assets may experience illiquid conditions, especially during periods of market stress.

3. Counterparty Risk: WGG relies on vetted OTC liquidity providers and market makers. Execution delays or counterparty unavailability may occur.

4. Technology Risk: WGG integrates third-party platforms (e.g., Fireblocks, analytics tools, payment gateways) subject to their own operational security. While best-in-class providers are used, residual risk remains.

5. Regulatory Risk: Changes in virtual asset regulation may affect trading availability, withdrawal rights, or asset treatment.

6. Asset Misconduct Risk: Certain virtual assets may be used in illicit activities. WGG conducts blockchain analytics (e.g., KYT screening) but cannot guarantee the ultimate origin of all third-party counterparties.

7. Execution Risk: Market orders, limit orders, or OTC quotes may be subject to latency, slippage, or price rejections due to market conditions.

8. Wallet Risk: Clients must secure their own wallets. WGG does not maintain custody and is not responsible for lost, hacked, or misplaced assets.

4. REFERRAL AND CONFLICT DISCLOSURE

WGG may enter into referral arrangements with independent partners. Referrers may receive a portion of transaction fees in line with WGG’s Conflict of Interest Policy (see footer).

WGG ensures such relationships:

• Are fully disclosed to clients where applicable

• Do not influence pricing or execution quality

• Are supervised and approved through internal compliance controls

5. FEES, EXECUTION, AND PRICING TRANSPARENCY

WGG charges disclosed fees for trading and settlement services. These are summarized in our published Fee Schedule (link). Clients should note:

• OTC quotes may include a spread, which varies by asset liquidity and market conditions

• Spot trades are routed through vetted venues for best execution where applicable

• Fees are shown prior to order confirmation and documented in transaction reports

6. USE OF THIRD-PARTY TECHNOLOGY PROVIDERS

WGG partners with licensed and vetted technology providers for wallet management, payment processing, blockchain monitoring, and trade execution infrastructure. This includes:

• Fireblocks (wallet management)

• Zand Bank (fiat payment rail)

• Elliptic (Know your transactions (KYT) and Wallet Screening analytics)

• Sumsub (Know your Customer (KYC) – Know Your Bbusiness (KYB) and Travel rule)

WGG performs due diligence on all vendors and integrates service-level monitoring. 

However, availability, delays, and downtime may occur due to third-party issues.

7. COMPLAINTS AND CLIENT SUPPORT

Clients who have concerns regarding service quality, trade execution, or disclosures may submit complaints via:

• Email: complaints@worldgoldengate.com

• Online Form: available on the WGG website (link)

All complaints are handled under our Claims Handling Policy (link), with defined timelines, escalation pathways, and root cause analysis.

8. ACKNOWLEDGMENT AND ACCEPTANCE

By using the WGG platform, you acknowledge that:

• You have read and understood this Risk and Broker-Dealer Disclosure

• You accept full responsibility for your trading decisions and wallet security

• You waive any implied warranties or reliance on WGG for investment guidance

9. SUPPORTING DOCUMENTS AND FOOTER REFERENCES

For full policy access, see the footer links on www.worldgoldengate.com

• Conflict of Interest Policy 

• Market Conduct Statement 

• Whistleblower Policy

• Privacy Policy 

• Terms and Conditions 

• Claims Handling Policy 

• Fee Structure

This statement is published in accordance with the Dubai Virtual Assets Regulatory Authority (VARA) rulebooks and reflects WGG’s commitment to client transparency, financial integrity, and regulatory compliance.

For questions or legal inquiries:

Compliance Office – WGG

Email: compliance@worldgoldengate.com