Copy Trading Agreement

1. Introduction

1.1. This Copy Trading Agreement (the “Agreement”) sets out the terms and conditions for the provision of the copy trading service (the “Service”) by Fortuno Markets Ltd (the “Company”) to its Clients.

1.2. This Agreement is complementary to all other Operative Agreements between the Company and the Client and together shall include all the terms and conditions governing the business relationship regarding the provision of the Service.

2. Definitions

2.1. The following terms shall have the following meanings herein:

• “Agreement” means this agreement and any appendices to the agreement hereof.
• “Archived Account” means a Money Manager Account or a Follower Account which had no financial or trading activity for a set period of 60 (sixty) days as per the Account Opening Agreement of the Company.
• “Client” is a natural or legal person who has been accepted by the Company as its Client and to whom the Company shall provide the Primary Services as per the terms and conditions of the Account Opening Agreement. A Client can be either a prospective Money Manager or a prospective Follower.
• “Company” means Fortuno Markets Ltd, company reg 2024-00084 (IBC) with registered address 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia; Fortuno Markets Ltd.
• “Copy Ratio” is the ratio determining the size of the Followers’ position copied in relation to the Money Manager trade. It is calculated as Equity Ratio between the Follower and the Money Manager multiplied by the chosen Follower Volume Allocation.
• “Effective Date” shall mean the date that the prospective Money Manager or the prospective Follower have been approved by the Company.
• “Equity” equals to Balance + Floating Profit & Loss + Swap.
• “Follower” is a Client who has registered for a Follower Account via the Company’s website and has been assessed and approved as a Follower by the Company under the terms and conditions of this Agreement.
• “FSC” means Financial Services Commission.
• “Copy Trade Accounts” means either the Money Manager Account or the Follower Account.
• “Investment Advice” means the provision of personal recommendation to a client, either after his request, or on the initiative of the IF, in relation to one or more transactions related to financial instruments, as per the provisions of the Law.
• “Losses” include both losses from open and closed trades.
• “OTP” shall mean the one-time unique password which can be only provided by a Private Money Manager to a Follower who wishes to follow the Private Money Manager’s account, and which expires once used by the Follower.
• “Operative Agreements” shall mean the agreements entered into by the Client and the Company that govern all the trading activity of the Client. Operative Agreements include but are not limited to the Account Opening Agreement, the Terms of Business, the Order Execution Policy and any other agreement and/or policy which is available to the Client via the Company’s website and any appendices and/or addendums thereof, as amended from time to time, as well as any other agreement and/or policy which the Company may be required by the Law and/or any other legislative requirement, to make available to its Clients from time to time.
• “Parties” shall mean both the Money Manager and the Follower which have been approved by the Company as per the provisions of this Agreement.
• “Performance Fee” is the fee payable by the Follower to the Money Manager in the case where the trading strategy followed has provided positive results for the Follower.
• “Portfolio Management” means managing portfolios in accordance with mandates given by clients on a discretionary client-by-client basis where such portfolios include one or more financial instruments, as per the provisions of the Law.
• “Primary Services” means the investment services which the Company is authorized to provide from time to time, under its articles of association.
• “Private Money Manager” shall mean a Client who has selected to open a Private Money Manager Account with the Company, and whose performance is only visible to Followers who obtain a private access password from the Private Money Manager. Only Followers who have the private access password can join a Private Money Manager.
• “Profits” include profits from open and closed trades.
• “Proposal” shall have the meaning set out in Clause 7 of this Agreement.
• “Public Money Manager” shall mean a Client who has selected to open a Public Money Manager Account with the Company and whose performance is publicly visible to all the Followers. Followers can join a Public Money Manager without the need to obtain the Public Money Manager’s prior approval.
• “Rescue Level” shall have the meaning set out in Clause 13 of this Agreement.
• “Service” means the copy trading service which is offered by the Company on a complimentary basis to the Primary Services offered by the Company under its licence.
• “Money Manager” is a Client who has registered for a Money Manager Account via the designated page on the Company’s website and has been assessed and approved as a Money Manager by the Company as per the terms and conditions of this Agreement. A Client can select to open either a Public or a Private Money Manager account.
• “Volume Allocation Percentage” is the percentage selected by the Follower which, alongside his equity ratio between the Follower and the Money Manager, is used to determine the volume of the trades to be copied.

2.2. All references to a statutory provision include references to:

(a) any statutory modification, consolidation or re-enactment of it, whether before or after the Effective Date of this Agreement, for the time being in force; (b) all statutory instruments or orders made pursuant to it; and (c) any statutory provision of which that statutory provision is a re-enactment or modification.

2.3. Words denoting the singular include the plural and vice versa; words denoting any gender include all genders; and words denoting persons include corporations, partnerships, other unincorporated bodies and all other legal entities and vice versa.

2.4. Unless otherwise stated, reference to a clause, party, appendix or a schedule shall mean a clause or a party, appendix or schedule of this Agreement.

2.5. The clause headings are inserted for ease of reference only and do not affect the construction of this Agreement.

3. General Terms and Conditions

3.1. The Service is only available to Clients of the Company who have fulfilled the criteria outlined in Clause 4.1 of this Agreement. The Service provides the opportunity to its Clients to follow the trading strategy of a Money Manager, under the terms and conditions set out herein. It is noted that the Service does not constitute an asset management tool and under no circumstances shall it be considered as Investment Advice or Portfolio Management.

3.2. A Client may register with the Company to become a Money Manager and choose to publish his trading strategy through the designated page on the Company’s website to any Client who wishes to become his Follower, under the terms and conditions set out herein.

3.3. A Follower has the opportunity to follow a Money Manager of the Company or a Money Manager of other entities of Fortuno Markets Group. On the same note, a Money Manager can have Followers of both the Company and Followers of other entities of Fortuno Markets Group.

4. Client Acceptance Criteria

4.1. The Company shall offer the Service only to eligible clients who satisfy the following criteria:

(a) have entered into an agreement for the provision of the Primary Services and who have been accepted by the Company as its Clients; and (b) have applied for the Service through the applicable link on the Company’s website and/or Client’s account area.

4.2. The Client acknowledges and confirms that the Company has the right to decline and/or refuse to offer the Service to a specific Client if he does not fulfil the criteria set out in Clause 4.1 of this Agreement.

4.3. It is understood that the Company has the right to request any additional information and/or documentation from the Client at any time throughout the term of this Agreement and/or the business relationship with the Client.

5. Acknowledgements

5.1. The Parties acknowledge that they have read, understood and accepted the present Agreement, and all Operative Agreements available on the Company’s website.

5.2. The Parties further acknowledge and understand that:

(a) The Company’s relationship with them will be governed by the terms and conditions of this Agreement and all other Operative Agreements available at the Company’s website, as amended from time to time; (b) The Service is not an asset management tool and under no circumstances, it shall be constituted as Investment Advice or a Portfolio Management service; (c) They understand and accept the nature of inherent risks on CFDs trading as specified in the Risk Disclosure document available at the Company’s website; (d) The Company does not guarantee the recurrence of rates of return that have been made by a Money Manager in the past; (e) Any information in relation to the Service which is known to the Money Manager or the Follower by using this Service shall be used solely for his own account; (f) That theThat the ratio between profits and losses of a Money Manager shall not always be the same as the ratio between profits and losses of his Followers;

(g) The Company shall follow the principles set out in its Order Execution Policy with respect to the execution of orders, which is available to all Clients via the Company’s website. The Parties are required to ensure that they understand the principles laid down in the Order Execution Policy of the Company prior to entering into a business relationship with the Company.

6. Money Manager Account Registration

6.1. A Client who wishes to register as a Money Manager is required to complete a Money Manager Account Opening Form. It is understood that a Client who does not fulfill the criteria set out in Clause 4.1 of this Agreement shall not be able to proceed with registering as a Money Manager.

6.2. The Money Manager shall open a Money Manager Account which shall be either a Copy Premium, a Copy Cent or a Copy Pro account via his account area and the following conditions must be fulfilled:

(a) Specification of a Strategy Name; (b) Avatar Upload (optional); (c) Trading Strategy Description; (d) Account Settings – Private or Public; (e) Specification of Performance Fee; (f) Account Leverage: The predefined account leverage is 1:500.

6.3. In case the Money Manager does not provide the information mentioned in the above section 6.2 within twenty (20) calendar days, the Company reserves the right to decline the Money Manager Account.

6.4. It is further noted that failure to satisfy one or more of the above requirements (with the exception of Avatar upload) the Company shall not proceed with accepting him as a Money Manager for the purposes of this Agreement.

6.5. If the Client fulfills the requirements set out in Clause 6.2 of this Agreement, he will receive a confirmation email informing him that he has been accepted by the Company as a Money Manager which will include his login details.

6.6. Unless otherwise specified by the Money Manager, his Money Manager Account will be added to the public Money Manager Accounts on the designated page.

6.7. The Company allows the Money Manager to use the Service without publishing his Money Manager Account in the designated page on the Company’s website.

6.8. A Money Manager can open up to 5 (five) Copy Premium, 3 (three) Copy Cent and 1 (one) Copy Pro Money Manager Accounts. It is noted that the Company may limit the number of Money Manager Accounts that a Money Manager can have at any time and with prior notification to the Money Manager.

6.9. Money Managers acknowledge, agree and understand that Copy Premium Money Manager Accounts can be followed by Copy Premium Follower Accounts, Copy Cent Money Manager Accounts can be followed by Copy Cent Follower Accounts, and Copy Pro Money Manager Accounts can be followed by Copy Pro Follower Accounts only.

6.10. The maximum number of Followers that can join a Money Manager Account is limited to 200 (Two Hundred) unless otherwise agreed between the Company and the Money Manager. In the event that this limit is reached, the option to accept new Followers will be disabled.

6.11. A Money Manager Account which has been inactive i.e. with no financial or trading activity for a period of 60 (sixty) days, will be automatically Archived as per the provisions of Clause 16 of this Agreement.

6.12. The minimum opening deposit amount for a Copy Premium and Copy Pro Money Manager Account is 100 USD and the minimum redeposit amount is 50 USD. The minimum opening deposit amount for a Copy Cent Money Manager Account is 2500 USc and the minimum redeposit amount is 500 USc. It is understood that the Money Manager is required to fund his Money Manager Account prior to being able to be followed by a Follower.

6.13. The Money Manager shall have free access to the Advanced Insights, Premium Trader and Autochartist Tools only.

6.14. The Money Manager can open only the following positions on his Money Manager Account:

(a) Buy; (b) Sell; (c) Buy and Sell Limit; (d) Buy and Sell Stop; (e) Take Profit; (f) Stop Loss.

6.15. The option “Close by” shall not be available for use by the Money Manager.

7. Money Manager’s Proposal

7.1. A Money Manager Proposal is a consent for Followers to follow his trading strategies. Each Proposal consists of a set of parameters which are selected by the Money Manager himself and the Company shall use this information for the calculation of the remuneration of the Money Manager, as well as set the conditions for the formation and operation of the Money Manager Accounts.

7.2. The Follower acknowledges, understands and confirms that acceptance or rejection of any Money Manager Proposal is an entirely voluntary decision of the Follower and does not entail the conclusion of any contract, material reciprocal relationship or any other commitment binding the Company, Money Managers and Followers.

7.3. The Follower represents and warrants that the decision to accept or reject a Proposal from a Money Manager is based on his own discretion and assessment of the Proposal.

7.4. The Money Manager Proposal parameters are the following:

(a) Strategy Name – Money Manager must agree to and abide by the Copy Trading Code of Conduct; (b) Public or Private Money Manager Account Profile; (c) Copy Premium, Copy Cent or Copy Pro Money Manager Account; (d) Performance Fee – Percentage of profits payable to the Money Manager.

8. Terms and Conditions

8.1. The Money Manager can make a Proposal to Followers to follow his own trading strategies, by setting the Proposal parameters as per Clause 7 of this Agreement, and the Follower may accept this Proposal on his own discretion and assessment. The Follower has the opportunity to follow the trading strategy as proposed by the Money Manager by setting the Rescue Level and Copy Ratio he wishes for his Follower Account.

8.2. The Money Manager has the ability to:

(a) Carry out trading transactions on Money Manager accounts on the instruments offered by the Company under the Service; (b) Use EAs to carry out trading transactions; (c) Establish the Money Manager Proposal; (d) Determine the Strategy Type of the Money Manager Account; (e) Determine the Performance Fee – this is the fee charged to Follower(s) based on the percentage of any profit made for the Follower that is payable to the Money Manager as his Performance Fee; (f) Withdraw funds from his Money Manager Account at any given time; (g) Set the Followers’ minimum opening deposit amount for his Money Manager Account. A Money Manager can change the Followers’ minimum opening deposit for his Money Manager Account up to 3 (three) times.

8.3. The Money Manager is not allowed to request the deposit or withdrawal of funds to or from the Follower Accounts.

8.4. All copy trading account calculations, deposit and withdrawal of funds, crediting and debiting of Performance fees are performed by the Company.

8.5. The Follower has the ability to:

(a) Select a Rescue Level percentage; (b) Select a Volume Allocation Percentage; (c) Close copied trades in the Follower Account. No other trade modifications are permitted including but not limited to opening trades on their Follower Account; (d) Withdraw funds from his Follower Account at any given time.

8.6. The Service is not available to Joint Accounts Holders.

8.7. The Money Manager is not allowed to have any direct contact with a Follower i.e. through telecommunications and/or any form of electronic communication other than the one specified under the terms and conditions of this Agreement. The Money Manager relationship with the Follower shall be limited to making available his Money Manager Proposal to prospective Followers.

8.8. The Follower has the option to follow a Money Manager during the trading activity of the Money Manager i.e. the Money Manager might have open trades prior to the Follower choosing to follow him. It is understood that any open trades which were opened prior to the Follower choosing to follow a Money Manager, those trades will not be opened on the Follower Account. The Follower shall be able to copy any subsequent trades opened by the Money Manager. It is further understood that the ratio between profits and losses of the Money Manager shall not be the same as the ratio between profits and losses of the Follower.

8.9. The Follower will receive a Margin Call in case the minimum margin requirement to cover any open copied trades is insufficient. The Follower shall be responsible for monitoring his Follower Account and ensure that the minimum margin requirement is met. It is noted that in case of insufficient margin in the Follower Account, the Follower will be stopped out. The Follower acknowledges and understands that he shall have no right to claim for any losses arising out of his failure to maintain the margin requirement i.e. the Follower being stopped out due to failure to maintain the margin requirement whereas the Money Manager was at a profitable position at the time of closing his positions.

9. Code of Conduct

9.1. The Money Manager acknowledges, confirms, and understands that by using this Service he must follow the following principles of the Company’s Code of Conduct:

(a) He shall not promote any unsolicited and/or unauthorized commercial advertising, promotional materials or other forms of solicitation;
(b) He shall not refer to any other Money Manager Accounts and/or internet sources;
(c) He shall not reveal any Follower’s identity through email addresses, URL addresses, private messaging software/application IDs, telephone number, personal account details and any other form of identification of a Follower to any third party;
(d) He shall not attempt to impersonate or falsely state or otherwise misrepresent another user, person, or entity;
(e) He shall not represent himself as a representative and/or affiliate and/or connected person with the Company in any contracts and/or agreements either verbally and/or in writing other than within the context of this Agreement;
(f) He shall not violate the existing copyrights, patents, trademarks, or other proprietary rights of the Company which might come to his possession during the course of this Agreement;
(g) He shall not promise and/or guarantee to any Follower and/or a prospective Follower any sort of definite returns of investment i.e. any form of projected gains, expected returns, guarantees of profits, and/or risk level, drawdown and/or unrealistic/false guarantee;
(h) He shall not make any statements and/or calculations and/or obligations on behalf of the Company on any means of public communications i.e. forums, journal articles, books presentations;
(i) He shall not use any threatening and/or abusive and/or harassing and/or defamatory and/or vulgar and/or obscene and/or hateful or otherwise objectionable content including but not limited to racial and/or nationalistic and/or ethnic slurs on his Money Manager Account.

10. Follower Account Registration

10.1. A Client who fulfills the criteria set out in Clause 4.1 of this Agreement may apply to the Company to become a Follower of a Money Manager. A Client may become a Follower of a Money Manager by registering for a Follower Account and the following conditions must be met:

(a) Select Follower Account Type – Copy Premium, Copy Cent or Copy Pro;
(b) Select a Money Manager to follow;
(c) Select the Rescue Level;
(d) Select the Volume Allocation Percentage.

10.2. It is further noted that failure to satisfy one or more of the above requirements, the Company shall not proceed with accepting him as a Follower for the purposes of this Agreement.

10.3. If the Client fulfills the requirements set out in Clause 10.1 of this Agreement, he will receive a confirmation email informing him that he has been accepted by the Company as a Follower and which will include his MT4 login details.

10.4. A Follower can open up to 10 (ten) Copy Premium, 5 (five) Copy Cent and 10 (ten) Copy Pro Follower Accounts. It is noted that the Company may limit the number of Follower Accounts that a Follower can have at any time with prior notification to the Follower.

10.5. Followers acknowledge, agree and understand that Copy Premium Follower Accounts can follow Copy Premium Money Manager Accounts, Copy Cent Follower Accounts can follow Copy Cent Money Manager Accounts and Copy Pro Follower Accounts can follow Copy Pro Money Manager Accounts only.

10.6. The Follower is permitted to follow only 1 (one) Money Manager per Follower Account at any given time.

10.7. The Follower is permitted to follow the same Money Manager from different Follower Accounts.

10.8. The Follower Account is specifically designed to facilitate the copying of trading transactions made by the Money Manager i.e. no additional trading transaction can be performed by the Follower on the Follower Account. The only modification option available to the Follower is to close the copied trades in his Follower Account. The Follower acknowledges and understands that by closing copied trades in his Follower Account on his own discretion, the profit or loss that he will experience will not be the same as that of his followed Money Manager.

10.9. In the event that there are insufficient funds in the Follower Account to support the copying of a Money Manager trade, then the specific position will not be opened.

10.10. Pending Orders, Take Profit or Stop Loss set by the Money Manager are not visible to the Followers Accounts.

10.11. The minimum opening deposit amount for a Copy Premium Follower Account is 25 USD, and minimum redeposit amount is 10 USD. The minimum opening deposit for a Copy Cent Follower Account is 1000 USc and the minimum redeposit amount is 500 USc. The minimum opening deposits amount for a Copy Pro Follower Account is 100 USD and minimum redeposit amount is 50 USD. The above-mentioned minimum opening deposit amounts could vary at the discretion of the Money Manager (see Clause 8.2 (g) above). The minimum opening deposit amount shall be disclosed on the performance page of the specific Strategy.

10.12. The Follower acknowledges, understands and confirms the following risks associated with the execution of orders on his Follower Account:

(a) The Company cannot guarantee that an order opened on the Follower’s Account will be executed at the same price as an order on the Money Manager’s Account;
(b) An order placed by the Money Manager will normally be executed at the same time on the Follower’s Account. Nevertheless, it is understood that if, by the time the order is executed on the Follower’s Account, the price of an order has moved considerably far from the price in which the Money Manager has opened the order due to high volatility in the market, the Company reserves the right to not open the relevant order on the Follower’s Account;
(c) An order placed by the Money Manager will normally be executed at the same time on the Follower’s Account. Nevertheless, it is understood that if, by the time the order is about to be executed on the Follower’s Account the order has been already closed by the Money Manager then the order will not be executed on the Follower’s Account;
(d) If the price of an order has moved considerably far from the price in which the Money Manager has chosen to close the trade, the Company reserves the right to close the trade on the available market price at the time of closure;
(e) The Company reserves the right to reject an order to be opened on the Follower’s Account if the volume restriction on a given financial instrument is not met. The volume restrictions of each financial instruments are available through the Company’s website;
(f) The costs associated with the financial instruments offered by the Company which are faced by the Follower might differ from the costs faced by the Money Manager, depending on the type of the trading account that each one has opened i.e. when the Money Manager has opened a trading account associated with lower costs compared to the trading account opened by the Follower, due to the type of the trading account opened by each one of them, this might have a different outcome on a particular trade or the overall strategy of each one;
(g) Taking into consideration the risks associated with the execution of orders, the Follower shall be responsible for assessing the strategy of the Money Manager and take the necessary actions for his copied trades. The Company shall not be liable for any losses resulting from the execution of orders and the Follower’s failure to assess his copied strategy.

10.13. In case a Client’s Follower Account Equity drops below 5 USD and there are no open positions, this Follower Account will be unfollowed from the respective Money Manager’s Account and the outstanding equity will be moved to the Client’s account area.

11. Following and Unfollowing

11.1. Upon selecting to follow a Money Manager, the Follower will choose the Rescue Level and the Volume Allocation Percentage for the Follower Account.

11.2. A Follower has the option to unfollow a Money Manager. This is possible only when there are no open positions on the Follower Account. In case the Follower selects the option to unfollow a Money Manager, the Follower will be given the option to automatically close all open positions, provided that the markets are open.

11.3. In order for a Follower to follow a different Money Manager, he must first select to unfollow the current Money Manager as per Clause 11.2 of this Agreement or open a new Follower Account, in case the limit of the number of Follower Accounts per Follower has not been reached.

11.4. Upon unfollowing a Money Manager:

(a) The Follower’s funds will be moved automatically to the Follower’s account area;
(b) Performance fees, if applicable, are removed from the Follower’s account area and paid to the Money Manager’s account area automatically;
(c) The Rescue Level and the Volume Allocation Percentage reset to zero.

11.5. In the case where a Follower selects the option to unfollow a Money Manager or a Rescue Level is reached, but the process cannot be completed due to, but not limited, market close hours, financial symbol trading break, system errors, the Follower account is moved to ‘Pending Unfollow’ status until the process is completed. No trading and/or balance operations are allowed when a Follower account is in ‘Pending Unfollow’ status.

11.6. Private Money Managers have the option to choose which Followers will follow their accounts by generating and distributing OTPs.

11.7. Private Money Managers have the option to remove any of their Followers. This is possible only when there are no open positions on the Followers’ accounts. Followers are notified when Money Managers have this option on the Follow page of the Company’s website.

11.8. The options mentioned in clauses 11.6 and 11.7 above, can be only provided to Private Money Managers once the Company’s approval is obtained by submitting a written request to [email protected]. These options can be revoked at any time by the Company at its sole discretion.

12. Deposits and Withdrawals

12.1. The Parties can complete deposits via their account area.

12.2. The value of the deposited funds cannot be less than the minimum deposit requirements of each copy trading account.

12.3. The Parties can withdraw their available funds at any given time via their account area. Withdrawal requests shall be processed as per the Withdrawal Conditions of the Company which are available through the Company’s website.

12.4. The minimum standard withdrawal amount will be ten (10) USD. In case client’s balance is less than ten (10) USD, the client can select to “Unfollow” the Strategy and the entire balance can be withdrawn to the account area.

13. Rescue Level

13.1. Rescue Level is the percentage of equity that a Follower can keep secured in case of loss on the copied trades in the Follower Account.

13.2. Rescue Level can be adjusted during each deposit or withdrawal to/from the Follower Account and can be set to a maximum of 50% of the equity at the time of each deposit or withdrawal.

13.3. Once the Rescue Level is reached, all open trades on the Follower Account are closed and the remaining funds are no longer available to be placed on trades.

Example A:
Follower deposits 1,000 USD and selects Rescue Level of 20%, therefore 200 USD is secured in case of loss, subject to Clause 13.4. When Follower’s equity reaches 200 USD all open trades are closed and the remaining funds are no longer available to be placed on trades.

Example B:
Follower deposits 1,000 USD and selects Rescue Lever of 25%, therefore 250 USD is secured in case of loss, subject to Clause 13.4. Follower makes profit of 250 USD and decides to withdraw 500 USD. Upon withdrawal, the Follower is requested to set new Rescue Level which will be calculated for the remaining funds of 750 USD.

Example C:
Follower deposits 1,000 USD and selects Rescue Level of 30%, therefore 300 USD is secured in case of loss, subject to Clause 13.4. Follower decides to make an additional deposit of 100 USD. Upon deposit, the Follower is requested to set new Rescue Level, which will be calculated for funds of 1,100 USD.

13.4. The Follower hereby acknowledges and understands that due to high volatility, Rescue Level can be triggered below or above the expected amount. It is understood that the Company shall not be held liable for the difference between the expected rescue amount and the actual rescued amount in case of volatile market conditions.

13.5. Followers can only readjust the Rescue Level during redeposits or withdrawals.

14. Copy Ratio

14.1. Copy Ratio is the ratio determining the size of the Followers position copied in relation to the Money Manager trade. It is calculated as Equity Ratio between Follower and Money Manager and the chosen Follower Volume Allocation.

14.2. The Copy Ratio changes dynamically as the equity on the Follower Account and Money Manager Account changes, meaning it is recalculated on each trade as the equity ratio is different on each trade even if the Volume Allocation has not changed.

14.3. Follower Volume Allocation is the Percentage selected by the Follower which, alongside his equity, is used to determine the volume of trades to be copied.

14.4. Volume Allocation can be adjusted during each deposit to the Follower Account meaning the Copy Ratio is reset each time funds are added to the Follower Account.

14.5. In the event that the position size to be opened – based on the Copy Ratio – is less than the minimum tradeable volume offered by the Company, then the trade will open with a minimum trade size of 0.01 lot. This is subject to your approval and confirmation otherwise the trade will not be copied.

14.6. In the event that the position size to be opened – based on the Copy Ratio – is more than the maximum tradeable volume offered by the Company, then the trade will open with the maximum trade size of the account type. This is subject to your approval and confirmation otherwise the trade will not be copied.

14.7. The corresponding position size of the copied trade to be opened in the Follower Account after the calculation of the Copy Ratio will be rounded up or down, to the nearest hundredth. For example, if the copied trade to be opened based on the volume allocation is 0.124, the position will be rounded down to 0.12 and if the copied trade to be opened based on the volume allocation is 0.127, the position will be rounded up to 0.13.

14.8. In the event of a partial closure of a position by the Money Manager the corresponding partial closure position size to be closed in the Follower Account after calculation of the Copy Ratio will be rounded up i.e. if the partial closure of the copied trade based on the Volume Allocation is 0.005 the partial closure position size will be rounded up to the minimum volume size.

Copy Ratio Example A:
Follower A deposits 400 USD and selects Volume Allocation of 100%
Money Manager A deposits 5,000 USD
The Follower’s trade copy ratio will be 400/5,000 x 100/100 = 0.08
Money Manager A opens position size of 0.50 lot
Follower A position size will be 0.50 x 0.08 = 0.04 lot

Copy Ratio Example B:
Follower B deposits 400 USD and selects Volume Allocation of 50%
Money Manager B deposits 5,000 USD
The Follower’s trade copy ratio will be 400/5,000 x 50/100 = 0.04
Money Manager B opens position size of 0.10 lot
Follower B position size will be 0.10 x 0.04 = 0.004 lot, therefore the trade will open with minimum trade size of 0.01 lot subject to the Followers approval and confirmation, otherwise the trade will not be copied.

Copy Ratio Example C:
Follower C deposits 10,000 USD and selects Volume Allocation of 100%
Money Manager C deposits 5,000 USD
The Follower’s trade copy ratio will be 10,000/5,000 x 100/100 = 2
Money Manager C opens position size of 1.00 lot
Follower C position size will be 1.00 x 2 = 2.00 lots

15. Performance Fee

15.1. Money Managers will select at the time of opening their Money Manager Account a Performance Fee percentage up to a maximum of 50% (Fifty percent).

15.2. Followers are obligated to pay the Performance Fee to the Money Manager they choose to follow based on their positive performance, i.e., the Money Manager shall not receive the Performance Fee in case of a negative performance.

15.3. The Performance Fee is calculated according to the below formula:

Performance Fee = (Follower’s Profits – Follower’s Losses) x Money Manager chosen Performance Fee %

Example A:

• Money Manager A chosen Performance Fee is 20%
• Follower A profit = 1,000 USD
• Follower A loss = 0 USD
• Performance Fee = (1,000 – 0) × 20% = 200 USD payable by the Follower to the Money Manager

Example B:

• Money Manager B chosen Performance Fee is 25%
• Follower B profit = 1,000 USD
• Follower B loss = 500 USD
• Performance Fee = (1,000 – 500) × 25% = 125 USD payable by the Follower to the Money Manager

15.4. Performance Fees are calculated and deducted from the Follower’s Account automatically on the first calendar day of each month based on the positive performance of the previous month.

15.5. Performance Fees are calculated based on the High-Water Mark principle, meaning that a Money Manager cannot charge a Performance Fee on the same profits twice. Only new profits are subject to the Performance Fee.

Example:

• Month 1: Follower’s equity increases from 1,000 USD to 1,500 USD. Performance Fee is charged on 500 USD.
• Month 2: Follower’s equity decreases to 1,200 USD. No Performance Fee is charged.
• Month 3: Follower’s equity increases to 1,600 USD. Performance Fee is charged on 400 USD (1,600 – 1,200).

16. Archived Accounts

16.1. The Company has the right to archive any Money Manager Account or Follower Account which has had no financial or trading activity for a period of 60 days. Archived Accounts are not considered terminated and may be restored at the Company’s discretion.

16.2. Restoration of an Archived Account can be requested by contacting the Company’s support team via email at [email protected].

16.3. The Company reserves the right to terminate an Archived Account if it remains archived for more than 6 months.

17. Exclusion of Liability

17.1. The Company shall not be liable for any loss, expense, cost, or liability incurred by the Client unless such loss, expense, cost, or liability is a result of the Company’s gross negligence or fraud.

17.2. The Company shall not be liable for any loss of profits or opportunity as a result of any cause beyond its control, including but not limited to, any delay or inaccuracy in the transmission of orders or information due to any breakdown, delay or interruption of any transmission or communication system.

17.3. The Company shall not be liable for any indirect or consequential loss, expense, cost, or liability of the Client.

18. Confidentiality

18.1. The Company maintains the confidentiality of all information it holds about the Client and shall not disclose any such information to any third party except in the following circumstances:

(a) Where required by law or a regulatory authority having jurisdiction over the Company; (b) To investigate or prevent fraud or other illegal activity; (c) Where the Client has provided written permission for the Company to disclose the information.

18.2. The Company shall take all reasonable steps to protect the confidentiality of the Client’s information.

19. Prohibited Trading

19.1. The Company reserves the right to take action against any Party suspected of engaging in prohibited trading activities. Such actions may include, but are not limited to:

(a) Terminating the Service for the Party involved; (b) Confiscating any profits generated from prohibited trading activities; (c) Taking legal action against the Party involved.

19.2. Prohibited trading activities include, but are not limited to:

(a) Insider trading; (b) Market manipulation; (c) Fraudulent activities; (d) Any other activities that violate the Company’s terms and conditions or any applicable laws and regulations.

20. Term

20.1. This Agreement shall remain in force until terminated as per the provisions of Clause 21.

21. Amendment and Termination

21.1. The Company reserves the right to amend the terms and conditions of this Agreement unilaterally. Any amendments shall be effective upon written notice to the Client or upon their publication on the Company’s website.

21.2. Either Party may terminate this Agreement by giving 30 days written notice to the other Party.

21.3. The Company may terminate this Agreement immediately if the Client:

(a) No longer meets the criteria for the Service; (b) Engages in prohibited trading activities; (c) Submits false or misleading information to the Company; (d) Fails to act in good faith or in accordance with the terms of this Agreement.

21.4. Upon termination of this Agreement, the Client must cease using the Service, and the Company shall close all open positions in the Client’s account.

22. Governing Language

22.1. This Agreement is made in English, and in the case of inconsistency between the English text and its translation into any other language, the English version shall prevail.