INVESTTECHFX
TECHNOLOGIES INC.
Risk
Disclosure
1) You acknowledge that trading in Forex Indexes, CFDs
(contract for difference) and options are speculative and involve a high
degree of risk, and that no promises or representations regarding
profits or limitation of losses have been made by Investtechfx or its
employees or agents. Because of the complexity, only genuine risk
capital should be used for trading.
2) No representation is made that taking educational
trading courses, paper trading or online simulated trading will increase
your chances of success in trading forex. Simply because a subscriber of
the educational publication follows its methodologies does not mean that
the customer's trading will be profitable or losses will be limited. As
a result, customer acknowledges that the high degree of risk involved in
Forex Indexes, CFDs trading is not lessened by having subscribed to
materials of any educational service or paper traded and does not
guarantee or assure that the customer will make a profit or limit his
losses.
3) You acknowledge that you shall not receive any trading
recommendations by Investtechfx or its agents and employees, and that
any trading recommendations received shall not be relied upon by you for
accuracy. You must make your own independent determination as to the
advisability of a particular trade, or rely on the independent advice of
a CTA or other account manager not affiliated with Investtechfx.
4) It has been widely reported that most traders lose
money. Investtechfx, its agents and employees have no reason to believe
that individuals, who subscribe to educational courses, attend seminars,
and/or workshops perform any better than other futures and options
traders.
5) You acknowledge that you have exercised independent
judgment in selecting brokerage firm, and that opening an account with
Investtechfx is purely optional and voluntary.
6) This additional risk disclosure document is supplemental
to all other risk disclosure documents provided to you by Investtechfx,
but does not replace any other risk disclosures given to you when
opening your account. In the event of a conflict of terms between this
disclosure and your Customer Agreement or Risk Disclosure, the Customer
Agreement or Risk Disclosure offered by you're clearing firm controls.
7) Investtechfx encourages you to check your equity runs
daily to determine its accuracy or report any errors. You are limited to
24- hours in which you can report errors contained in the equity run. If
you do not understand how to read your equity run, please contact your
broker or our Customer Service Department for assistance. If your
account is being traded by someone other than yourself it is imperative
that you check your equity runs as soon as possible to correct any
errors. If you are not receiving or are unable to access your equity
runs on a daily basis, even if someone else is trading your account,
please contact us immediately, otherwise, we will assume you have
correctly received it.
8) Most open outcry and electronic trading facilities are
supported by computer-based systems for their order-routing, executing,
matching, response times, security, registration, clearing of trades. As
with all facilities and systems, they are vulnerable to temporary
disruption or failure. In the event of a system or component failure, it
is possible that you may not be able to enter new orders, execute
existing orders, or modify or cancel orders that were previously entered
You may also experience loss of orders or order priority. Your ability
to recover certain losses as a result of such failures is limited by
the system providers, the exchanges, the clearing firms, and
Investtechfx.
9) Accounts in which you have assigned someone else power
of attorney to trade your account (“POA”) must only be traded by the POA
and not by both you and your POA at the same time. This is to avoid
confusion and mistakes between the two parties. If the Customer wants to
trade his own account, he should open a second account and allow the POA
to continue trading the first account, or remove the POA as having
authority to trade the account. Investtechfx is not responsible for
trading errors or entries as a result of both parties trading the same
account. POAs must be revoked by the account owner(s) in writing in order
to be effective. Investtechfx does not accept funds for any trading account
via a third party, unless Power of Attorney is granted by the beneficiary of
the funds to the depositor. Restrictions on third party payments are set by
banks and their respective authorities, which have developed extensive
procedures, regulations, and laws to stop the transfer of illegal funds,
commonly known as money laundering. Customer Identification Program (CIP)
and Anti-Money Laundering (AML) Policies and Procedures: It is the Customer’s
duty to submit by scanned email/fax one valid form of government issued ID or
Passport, along with Bank Statement and/or Utility Bill proving residence,
within three business days of real trading account becoming activated.
According to regulations implemented in 2003 by the USA Patriot Act, all
financial institutions must verify the identity of individuals wishing to
conduct financial transactions through a custom Customer Identification Program
(CIP) appropriate to the size and type of its business. Investtechfx’s due
diligence requires the hereto forth mentioned ID and Utility Bill in order to
abide by our CIP as well as to adhere to the guidelines for Anti-Money Laundering
(AML) set forth by the Bank Secrecy Act and USA Patriot Act.
10) When you place an order through Investtechfx's trade
desk, that order may NOT be entered into your online order execution
platform. It is your responsibility to keep track of all orders,
including all trades executed with the trade desk, and for knowing your
positions at all times. Investtechfx is authorized to rely solely on
your representations and the information shown on our computer system.
While this information is deemed reliable, Investtechfx makes no
guarantees as to the accuracy of the information provided. If you would
like your trades placed with the trade desk to be shown on your online
order execution platform, it is your responsibility to contact
Investtechfx and request an "external fill."
11) Investtechfx is authorized by you to accept oral
telephonic orders as you or your authorized agent may give for
transactions in your account(s). You hereby waive any defense that such
order was not in writing or evidenced by a memorandum in writing as
required by the Statute of Frauds or any other statute. Although
authorized, Investtechfx is not required to accept oral or telephonic
orders. Investtechfx is authorized to record, whether by tape, wire or
other method, with or without a periodic tone signal, any and all
telephonic or other oral communications between Investtechfx and you
and/or your authorized agents, with or without notice thereof.
12) By your signature below, you agree that in any action
brought by you against Investtechfx, its agents and employees, or its
clearing firm, with which it has contractual and indemnification
responsibilities, in which Investtechfx or its clearing firm prevails,
to reimburse Investtechfx for all legal fees and costs, including
attorneys' fees, expended in conjunction with such matter, including
indemnification cost between Investtechfx and its clearing firm(s). By
your signature below you are hereby waiving your right to contest this
provision.
13) This brief statement does not disclose all of the risks
associated with trading. Customers should undertake trading only if they
fully understand the nature of the contract and contractual relationship
into which they are entering and the extent of their capital exposure
risk. Trading in forex, Indexes, CFDs and options is not suitable for
everyone. Customers are advised to carefully consider whether trading is
appropriate for them in light of their experience, objectives, financial
resources and other relevant circumstances.
14) You understand that Investtechfx has the sole and
absolute discretion and the right to limit positions in your account, to
decline to accept any orders, and to require that your account. You
understand that if you do not promptly transfer your positions upon
Investtechfx's demand, Investtechfx reserves the right to liquidate
positions in your account at its sole and absolute discretion
15) You agree to maintain such margin as Investtechfx may
require in its sole and absolute discretion with respect to your
account. Margin requirements may be increased without notice in
Investtechfx's sole and absolute discretion and may differ from those
established by the exchange on which the transaction is executed and the
clearing firm at which your account is held Margin requirements are
subject to change without notice and will be enforced retroactively and
prospectively. You shall make deposits of margin as Investtechfx
requests within a reasonable time after such a request. It is agreed and
understood that One hour may be deemed to be a reasonable time,
provided, however, that Investtechfx, in its sole and absolute
discretion, may require that deposits be made in a lesser period of
time. Investtechfx's failure to require satisfaction of a margin call
within one hour, or any lesser period on any occasion shall not be
deemed to be a waiver of its right to do so in the future. You shall
provide Investtechfx with any information deemed reasonable and prudent
for immediate verification of wire transfers.
16) In the event you fail to deposit sufficient funds to
pay for any financial transaction and/or to satisfy any demands for
initial and/or variation margin, or whenever, in Investtechfx's sole and
absolute discretion it considers it necessary, Investtechfx may, without
prior demand or notice and not withstanding any rule of any exchange,
liquidate and or hedge the positions in your account. Such sale or
purchase may be made without advertising or notice to you and in such a
manner as Investtechfx may, in its sole and absolute discretion,
determine, and no demands, tenders or notices which Investtechfx may
make or give shall invalidate your aforesaid waiver. If liquidation is
deemed necessary a liquidation fee of $25.00 will be assessed to your
account and risk. You agree that Investtechfx has no duty and is not
required to liquidate positions in your account and that the provisions
of this paragraph are solely for the protection of Investtechfx.
17) You acknowledge that you shall be liable for all losses
in your account whether or not your account is liquidated for any debts
and deficiencies, including, but not limited to, interest, costs,
expenses, maintenance fees, exchange rates, margin call fees,
liquidation fees, and attorneys' fees, including all debts and
deficiencies resulting from a liquidation of your account.
18) Special Risk Disclosure Document for System Traders
Hypothetical or simulated performance results have
certain inherent limitations. Unlike an actual performance record,
simulated results do not represent actual trading. Also, since the
trades have not been executed, the results may have under or over
compensated for the impact, if any, of certain market factors, such as
lack of liquidity. Simulated trading programs in general are also
subject to the fact that they are designed with the benefit of
hindsight. No representation is being made that any account will or is
likely to achieve profits or losses. There have been no promises,
guarantees or warranties suggesting that any trading will result in a
profit or will not result in a loss.
I
HAVE READ AND UNDERSTAND THE FOREGOING AGREEMENT, AND I INTEND TO RELY
UPON IT AND THAT INURE INTEND TO BE BOUND THEREBY.