Bermuda: Strategy Provider Authorisation Form
Strategy Provider Authorisation Form
RISK DISCLOSURE: THE APPOINTMENT OF A STRATEGY PROVIDER IS DONE SOLEY AT YOUR OWN RISK. THE STRATEGY PROVDER’S PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE PERFORMANCE.
THE COPY TRADING PROGRAMME DOES NOT CONSTITUTE AN ASSET MANAGEMENT TOOL AND UNDER NO CIRCUMSTANCES SHALL IT BE CONSIDERED AS PORTFOLIO MANAGEMENT OR INVESTMENT ADVICE
This form shall supplement and be interpreted with the Company’s Terms of Business, including the Risk Disclosure Notice.
1. AUTHORISATIONS
1.1 I, the undersigned account owner of an Advanced Markets ‘Advanced Plus’ trading account (the “Account”), hereby provide this authorisation to the Strategy Provider to submit orders and enter transactions into my Account at my own risk.
1.2 I hereby authorise Advanced Markets to deduct from my Account and to pay the Strategy Provider the chosen performance fee.
2. ACKNOWLEDGMENTS
2.1 I am satisfied with the volume of trading and performance fees or commissions to be generated by the Strategy Provider.
2.2 I confirm that I have made my own investigations and conducted research into the Strategy Provider sufficient to make an informed investment decision.
2.3 Advanced Markets has not recommended the Strategy Provider to me and I chose the Strategy Provider at my own risk.
2.4 Advanced Markets will not be held liable or responsible for performance or trading losses incurred in my Account as a result of my use of the Strategy Provider.
2.5 Advanced Markets may act upon the authority given by me until I revoke this authority. I UNDERSTAND THAT THE UNFOLLOWING OF THE STRATEGY PROVIDER IS NOT AUTOMATIC AND WILL REQUIRE PRIOR APPROVAL BY ADVANCED MARKETS, AND THAT THE UNFOLLOWING WILL BECOME EFFECTIVE UPON SUCH APPROVAL IS GRANTED WHERE THE PERFORMANCE FEES WILL BE DEDUCTED FROM MY ACCOUNT. I ACKNOWLEDGE THAT ADVANCED MARKETS WILL EXERCISE REASONABLE ENDEAVOURS TO APPROVE THE UNFOLLOWING WITHIN A 48-HOUR TIMEFRAME.
2.6 I understand that I am permitted to follow one Strategy Provider per Account and that the following will be able to commence after I have all open and/or pending positions closed.
2.7 I understand that in the event that there are insufficient funds in my Account to support the copying of a trade of the Strategy Provider, then the specific position will not be opened.
2.8 Advanced Markets cannot guarantee that an order opened on the Strategy Provider’s account will be executed at the same price as the order on my Account.
2.9 An order placed by the Strategy Provider will typically be executed at the same time on my Account. However, I understand that if by the time the order is executed on my Account the price of an order has moved considerably far from the price in which the Strategy Provider has opened the order due to high market volatility, Advanced Markets reserves the right to not open the relevant order on my Account.
2.10 I understand that if by the time the order is about to be executed on my Account the order has been already closed by the Strategy Provider, then the order will not be executed on my Account.
2.11 If the price of an order has moved considerably far from the price in which the Strategy Provider has chosen to close the trade, Advanced Markets reserves the right to close the trade on the available market price at the time of closure.
2.12 Advanced Markets reserves the right to reject an order to be opened in my Account if the volume restriction on a given financial instrument is not met.
2.13 The costs associated with the financial instruments offered by Advanced Markets which apply in my Account might differ from the costs which apply on the Strategy Provider’s account, depending on the type of trading account that we each have opened, and this might have a different outcome on a particular trade or the overall strategy.
2.14 The trades conducted by the Strategy Provider may involve amounts greatly different from the amounts allocated by me to each transaction copying the Strategy Provider’s activity. I understand that his may itself cause a significantly different result compared to the Strategy Provider’s profits or losses even if the remaining characteristics of my positions are the same as the ones of the Strategy Provider.
2.15 I shall take into consideration the risks associated with the execution of orders and be responsible for assessing the strategy of the Strategy Provider and take the necessary actions for my copied trades. Advanced Markets shall not be liable for any losses resulting from the execution of orders and my failure to assess the Strategy Provider’s strategy.
2.16 I acknowledge that the Strategy Provider may not have any professional certifications or titles with relation to the financial markets.
2.17 The Strategy Provider does not have access to and shall not take into consideration my personal information, circumstances or the position of my Account.
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CFDs are complex instruments and involve a high risk of losing money rapidly due to leverage. 78.38% of retail investor accounts lose money when trading CFDs with Advanced Markets (Bermuda) Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Advanced Markets LLC is incorporated in the United States under registration number L08000063350 with registered office at 11325 Community House Road, Suite 425, Charlotte, North Caroline, 28277. For information, please contact us here.
Advanced Markets (Bermuda) Ltd. is an exempted company limited by shares incorporated under the laws of Bermuda with registration number 56562 and with registered office at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. In light of amendments to the Investment Business Act 2003 of Bermuda which came into force in July 2022, Advanced Markets (Bermuda) Ltd. has applied to the Bermuda Monetary Authority for an investment business license in respect of its products and services.
RISK WARNING: Please be aware that leveraged off-exchange trading of Foreign Exchange (FX) and Contracts for Differences (CFDs) carries a significant degree of risk and may not be suitable for many investors. Please ensure you fully understand the risks involved and carefully consider your financial situation and trading experience before trading, and seek independent advice if necessary.
DISCLAIMER: Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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