yes, it is not a safe spot, so you would lose items, be careful
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No, it is one of the most dangerous places in RuneScape, if you die you lose your items (except the items kept upon death, of course), and you should therefore only enter it with items you can afford to lose.
While on RuneScape PVP worlds, if you die, you only lose the items you are carrying, not those in your bank, never in RuneScape will a death directly affect your banked items.
It classes it as a failed mission you lose money and some items.
No. But if you go into the lose all your items portal than yes.
Yes, it is like normal pking in there you do lose items also if you kill somebody you will get there stuff.