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Mercia Securities Ltd, formerly known as Initial Merit Secure Ltd, is a Cypriot Investment Firm with registration number HE 291905, authorized and regulated by the Cyprus Securities and Exchange Commission (www.cysec.gov.cy) under License No. 229/14. Risk Warning: Investments in financial instruments involve significant risk and many are not suitable for all investors. Professional clients are expected to possess the knowledge and experience to assess these risks independently. Past performance is not indicative of future results. The value of investments can go down as well as up, and you may lose all your invested capital. Leverage and derivative products may magnify losses. Please consider your financial situation and seek independent advice if necessary.