Terms & Conditions

Manager will manage the foreign exchange trading account of Client, and Client has appointed the Manager for discretionary trading purposes. In consideration of mutual promises, parties agree as follows:

The “Client” authorizes “Trading Agent” to purchase and sell (including short sales) foreign currencies, on margin or otherwise for the undersigned’s account and risk. Client and Trading Agent hereby agree to indemnify and hold Tracemytrade.com. harmless from all liabilities, claims, losses, damages, costs and expenses, including attorneys’ fees, arising directly or indirectly there from. Tracemytrade.com. is authorized to follow the instructions of Trading Agent in every respect concerning the Client’s trading account with Tracemytrade.com., except that said Trading Agent is not authorized to withdraw any money, securities or other property either in the name of the Client or otherwise. Tracemytrade.com. does not endorse or vouch for the background or track record of Trading Agent. Client understands that Tracemytrade.com. and its officers, employees and agents will not control Trading Agent’s actions, are in no way responsible for any loss to Client caused by the actions of Trading Agent and that Tracemytrade.com. does not, by implication or otherwise, endorse the operating methods of Trading Agent. Client understands that Trading Agent will charge Client to manage Client’s trading activity and that compensation will be in the form of fees charged on a per trade or another basis, as specified in the Fee Acknowledgement/Debit Authorization herein. Client will be notified of any changes to compensation schedule under the terms and provisions of the Client Agreement. It is the Client’s responsibility to inquire with Trading Agent on what this compensation may be. Client understands that such compensation could create a conflict of interest for Trading Agent as in that Trading Agent may have an incentive to make trades to generate compensation. Client understands and accepts this conflict of interest and waives any objections to it against Tracemytrade.com. Client agrees that Tracemytrade.com. is authorized to deduct pips, fees and/or commissions on per trade or other basis from Client’s accounts on behalf of Trading Agent.

Managed Account / Money Manager Authorization

Limited power of Attorney

The undersigned hereby ratifies and confirms any and all transactions with Tracemytrade.com. heretofore and hereafter made by the Trading Agent on behalf of or for the Account of the undersigned. Even though the undersigned grants authority to Trading Agent, Client should be diligent and closely scrutinize all account activity. Tracemytrade.com. provides online access to account activity, whereby Client may monitor unrealized and realized profits & losses and account balances, and generate monthly account statements. Client understands and agrees that Tracemytrade.com. may, but is not required to, review any action or inaction by a Trading Agent with respect to an Account and is not responsible for determining whether a Trading Agent’s action or inaction satisfies the standard of care applicable to such Trading Agent’s handling of the Account. Client further understands and agrees that Tracemytrade.com. is not responsible for determining the validity of a person’s or entity’s status or capacity to serve as a Trading Agent. Client agrees to hold Tracemytrade.com. and its officers, directors, employees, agents and affiliates harmless from any liability, claim, or expense, including attorneys’ fees and disbursements, as incurred, for the actions or non-actions of Client’s Trading Agent. The Client may revoke the authorization of the Trading Agent in writing by registered mail at any time. The Company accepts no liability for any loss or damage, direct or indirect, resulting from the Client's failure to duly notify the Company of such revocation. Any risks, losses or damages resulting from the representation of the Client by the Introducing Broker/Trading Agent shall be borne solely by the Client, including but not limited to the Client’s choice of Trading Agent or any transactions of the Trading Agent. The Client acknowledges and understands that the Company does not recommend, warrant or represent any Trading Agent. The Company will hold the Client liable for any damage, loss, costs or expenses (including attorney fees) caused by the Client’s Trading Agent, arising to the Company, its members, affiliates, employees, agents, successors and assigns. The Client accepts that any relevant information of the Client to execute transactions will be disclosed to the Trading Agent by the Company.

INVESTMENT OBJECTIVE, RISK ACKNOWLEDGEMENT

Client confirms that he/she has satisfied themselves with risks involved in trading the financial markets and they understand that OTC products are volatile instruments and in certain circumstances it is possible to lose more than your initial investment. These investments are not always suitable for everyone and you should consult your financial adviser before dealing. Client agrees that they are at least 18 years of age and understand and accept the risks associated with foreign exchange trading. Client has read and understands the Risk Disclosure Statement as provided in the Customer Agreement, which is hereby incorporated by reference as if fully set forth herein and Client hereby affirms each statement made therein. Client makes each of the representations, warranties and agreements in the Client Agreement, which are hereby incorporated by reference as if fully set forth herein. This Trading Authorization over Client’s Account is continuing and shall remain in full force and effect until actual receipt by Tracemytrade.com. of written revocation by Client or the Trading Agent holding the authorization. Such revocation shall not affect any obligation or liability in any way resulting from Contracts or transactions initiated prior to such revocation. This authorization and indemnity shall inure to the benefit of Tracemytrade.com. and its successors, assigns and agents.

FEES & CHARGES:

Client hereby ratifies and confirms that he/she has agreed to compensate Trading Agent for his/her services and hereby authorizes Tracemytrade.com. to debit Client’s trading account and credit these fees to Trading Agent, according to the following terms: Performance Fees: 50% per profit withdrawal and/or at the end of each month Please note that performance fees will be calculated based on Equity (on high watermark) at the time of withdrawal or at the end of the month. If any Performance fees are due to the Trading Agent, they will be credited within the first 7 working days of the new calendar month. The undersigned acknowledges having received, read and understood this Managed Account / Money Manager Authorization, including the Limited Power-of-Attorney and Fee Acknowledgement / Debit Authorization, understands fully the obligations, and agrees to all of the provisions contained therein.