Professional Forex Trader Managed Accounts Agreement
Please read the following terms and conditions carefully before using or enrolling in the Professional Forex Trader Managed Accounts Service described below. Your use of our Service will signify your consent to be bound by the terms and conditions set forth in this Agreement. If you elect to participate to our services by selecting the "Open Account" or "Open Forex Managed Account" option on your Managed Forex Account Pre-Registration Form form, your signature on your Managed Forex Account Pre-Registration Form indicates your acceptance of the terms and conditions of the Professional Forex Trader Managed Accounts Service set forth herein.
Professional Forex Trader Money Managers (MM) uses reasonable care, consistent with industry practice, in providing services to you. We do not guarantee the future performance of your account or that the investments we recommend will be profitable. Investment return and principal value will fluctuate with market conditions, and you may lose money. The investments we may recommend, or purchase for your account, if applicable, are subject to various risks, including without limitation, business, market, currency, economic, and political risks. MM does not provide advice for, recommend allocations of, or manage individual stocks (including employer stock), self-directed brokerage accounts, guaranteed certificate funds, or employer-directed monies even if they are available for investment in your Plan.
MM will not be liable to you for any loss caused by
(1) our prudent, good faith decisions or actions,
(2) following your instructions, or
(3) any person other than MM or its affiliates who provides services for your account.
MM will not be liable to you for any losses resulting from your disclosure of your personal information or your PIN number to third parties even if the purpose of your disclosure is to enable such person to enroll you in, or cancel your enrollment in, the Managed Accounts Service. MM is not responsible for voting proxies for the securities in your account. We do not guarantee that the services or any content will be delivered to you uninterrupted, timely, secure, or error-free.
TO THE MAXIMUM EXTENT PERMITTED BY LAW, MM DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES, EXPRESSED OR IMPLIED, WITH RESPECT TO THE SERVICES AND THE SERVICE CONTENT, AND ALL INFORMATION DERIVED FROM THEM, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICLAR PURPOSE, QUALITY, ACCURACY, TITLE, NON-INFRINGEMENT, AND IMPLIED WARRANTIES ARISING FROM COURSE OF PERFORMANCE OR COURSE OF DEALING. IN ADDITION, ALTHOUGH MM INTENDS TO TAKE REASONALBLE STEPS TO PREVENT THE INTROCUDTION OF VIRUSES OR OTHER DESTRUCTIVE MATERIALS TO THE SERVICE, MM DOES NOT WARRANT THAT THE SERVICE OR CONTENT CONTAINED IN THEM WILL BE UNINTERRUPTED OR ERROR FREE, OR THAT ANY INFORMATION OR OTHER MATERIAL ACCESSIBLE THROUGH THE SERVICE IS FREE OF ERRORS, VIRUSES, WORMS, OR OTHER HARMFUL CONTENT.
LIMITATION OF LIABILITY
YOU UNDERSTAND THAT IN NO EVENT WILL MM OR ITS OFFICERS, DIRECTORS, SHAREHOLDERS, PARENTS, SUBSIDIARIES, AFFILIATES, EMPLOYEES, CONSULTANTS, AGENTS, LICENSORS OR ANY DATA PROVIDER BE LIABLE FOR ANY CONSEQUENTIAL, PUNITIVE, INCIDENTAL, SPECIAL OR INDIRECT DAMAGES, LOSS OF BUSINESS REVENUE OR LOST PROFITS, WHETHER IN AN ACTION UNDER CONTRACT, NEGLIGENCE OR ANY OTHER THEORY EVEN IF WE ARE ADVISED OF THE POSSIBLILITY OF SUCH.
You agree to indemnify, defend and hold harmless MM and its officers, directors, shareholders, parents, subsidiaries, affiliates, employees, consultants, agents and licensors from and against any and all third party claims, liability, damages and/or costs (including but not limited to reasonable attorneys’ fees) arising from your failure to comply with this Agreement, the information you provide us, your infringement of any intellectual property or other right of a third party, or from your violation of applicable law.
DESCRIPTION OF SERVICES AND FEES
MM can perform operations on behalf of a managed account with against-parties either directly or through brokerage firms, coherently, in most cases, the principles of best execution and price. MM manages all managed accounts to our Prime Broker (PB). All account opening activities are handled by the Department of the PB compliance. Before you open a managed account, a compliance officer communicates with each client to ensure the application and required paperwork is in order and submitted as a suitable package. However, the brokerage allocation will not be based solely on the desire to obtain the best performance and the best possible price. Depending on the situation, other dealers may be selected on the basis of other considerations, including, but not limited to the authorization: the Regulation, the functionality of the trading platform, record keeping and similar services to the Money Manager.
The monthly fee for the Managed Accounts Service is the equal division of your account performance balance,
which is calculated monthly at the end of each calendar month. You will be charged a monthly fee based on your account performance that MM manages on the day the fee is debited. The fee for that month will generally be debited from your account within the last one (1) to seven (7) business days of the end of the month: however, if you cancel your participation in the Managed Accounts Service, the fee for that quarter will be based on your account performence on the date of cancellation and will be debited from your account within five (1) to seven (7) business days of cancellation. If your Plan terminates its agreement with MM, the fee for that month, based on your account performance on the date of termination, will be debited on the termination date. Your acceptance of the terms and conditions of this Agreement constitutes your authorization for MM to deduct the monthly fee on a monthly basis as described above.
LIMITED POWER OF ATTORNEY
Under our License MAM Nº 5121544 provided by the Prime Broker (PB) where your Managed Account is open, MM is authorized to manage your Trading Account.
In addition to manage your trading account you need to give us a Limited Power of Attorney (LPOA). LPOA will given to you by the PB. After returning to the PB and accepted by us, MM can start Managed Accounts Services.
All content provided as part of the Professional Forex Trader Services, including without limitation names, logos, methodologies, and news or information provided by third parties, is protected by copyright, trademarks, service marks, patents, or other intellectual property and proprietary rights and laws (“Intellectual Property”) and may constitute trade secrets, as defined by applicable law. All such Intellectual Property is the property of their respective owners and no rights or licenses are granted to you as a result of your participation in the Professional Forex Trader Service.
About Professional Forex Trader & Forex Money Manager
We are Forex Manager Professionals for over 22 years. We are authorized to Trade On Behalf of other of persons or entities under the Licence MAM of the Broker. License No. 5121544
Professional Forex Trader is an industry leading, promoting independent Forex Money Manager, FX Spot currency and OTC FX Options.
Professional Forex Trader is not a hedge fund, but a manager of external funding and capital resources manager.
Our accounts are accepted only on a discretionary basis and we trade Forex only for people who have a good financial capacity, hedge funds, financial institutions, self-directed IRA and qualified multiple funds of funds.
Withdrawal requests will be accepted at any time, at any working day. But for logical reasons it is better if you accept to request withdrawal with thirty (30) days in advance by writing to Professional Forex Trader because of the possibility to still have open positions .
Managed Account Reports
The Prime Broker each day after midnight, will make available to the customer by e-mail, statements showing the account balance, warranty reserves, transaction confirmations and client account daily yields.
Multi Account Management (MAM)
Professional Forex Trader Money Manager offers managed accounts to a large and diverse group of clients.
We use a MT4 MAM terminal
- Place block orders from a master account
- Place orders for an unlimited number of client accounts
- Create multiple trading sub-groups for a variety of strategies
- Our License Nº 5121544.
ACCEPTANCE OF TERMS AND CONDITIONS OF MANAGED ACCOUNTS AGREEMENT
Your acceptance of these terms and conditions shall signify your consent to be bound by the applicable provisions of this Agreement.
Please note that upon enrollment in the Professional Forex Trader Managed Accounts Service, any currently initiated transfers or transactions will be cancelled, unless the market has already closed for the day.
Updated on March 22, 2019