Managed Account Authorization and Risk Disclosure
I _____________________________________________, the undersigned client, hereby agree to, authorize
and designate Trading Agent ________________________________________________ as Agent and
attorney-in-fact for the purpose of buying and selling margined foreign currency lots for the undersigned
Client’s Account (the “Account”), and at the Client’s sole risk through
EVENFOREX BUSINESS SOLUTIONS PVT. LTD, DOMINICA (hereafter referred as “EVENFOREX”).
The applicable Account Management fee(s) provisioned to be calculated & paid on every 2nd Day of Month
to Trading Agent on Monthly basis are described below:
____2__________ % Management Fee per annum
____20_________ % of the Net Equity gain,
I/ we further agree, acknowledge and understand that EVENFOREX will charge (On Behalf of Trading Agent)
and provide the Trading Agent with monetary compensation for purchases and sales done (on behalf of the
Client’s) Account on a per trade basis.
Client acknowledges that any purchases and sales by the Agent in Trading Account may create a conflict of
interest with the Client. Therefore To avoid any conflict of interest, During the contract period Client will
not trade in the Trading account and agrees to receive INVESTOR (read only) password for monitoring
purpose.
Client acknowledges and understands that trading in margined foreign exchange is very risky and may result
in losses that equal to or exceed the amount of margin deposited with EVENFOREX. The Client hereby
indemnifies and holds harmless EVENFOREX & Trading Agent for losses, indebtedness, and all other
liabilities that arise directly or indirectly therefore.
Client acknowledges and understands that Trading Agent Authorization will cease only upon written
revocation by the Client or by the Trading Agent who is given the Authorization. Revocation for whatever
reason shall not effect or limit the obligations and liability resulting from transactions or Contracts that were
initiated before the effective date of revocation.
Calculations and Transfers
Each deposit shall be counted towards the Balance of the Investment Account and each withdrawal
decreases the Balance accordingly. At the end of each Trading Interval and following payment of fees
Investment Account Balance becomes equal to the Investment Account Equity.
Investment Account Equity shall be calculated as follows:
a. any profit or loss resulting from any Open Position shall increase or decrease the Equity accordingly;
b. payment of fee to the Trading Agent decreases the Equity accordingly;
c. each deposit of funds to the Investment Account counts towards the Equity;
d. in case the Equity exceeds or is equal to the Balance, each withdrawal of funds decreases the Equity;
e. in case the Equity is less than the Balance, each withdrawal of funds decreases the Equity pro rata
Balance decrease.
A fee payable to the Trading Agent shall be calculated and shall be payable as a percentage set out in the
Trading Agent’s Offer of a positive difference (if any) between Investment Account Equity and Investment
Account Balance in the end of each Trading Interval, unless the Investment Account or the PAMM Account
is liquidated or the Investment Account is transferred to another Trading Agent’s Offer before the end of
the Trading Interval, in which case the fee is calculated and becomes payable on such date.
An Investor accepting the Trading Agent confirms that he/she understands and accepts the nature of
inherent risks to the transactions in the OTC foreign exchange market. The Company therefore states to the
investor that it does not and will not guarantee the recurrence of performance by the Trading Agent in the
past.
All transfers of funds between the investor’s personal accounts and PAMM trading accounts are carried out
only on the basis of requests from Investors or persons authorized to do so by the investor and acting under
the power of attorney. The Trading Agent cannot influence the decision making for the inflow or outflow of
investor funds or prevent them from being executed by the Investor.
EvenForex is not aligned to any PAMM Trading Agent and is simply providing the platform from which PAMM
accounts are managed. EvenForex does not endorse or recommend any PAMM account and is not liable for
negative trading performance
Registration Of The Investor Account
A client who wants to register under a PAMM master is required to fill out either an individual or a company
account opening application form. By accepting the PAMM master the Client confirms that he or she:
(a) Read and understood all of the provisions of these Terms.
(b) Has all the power and authority to abide by these Terms and understands the significance of his/her
own actions.
(c) Ensures that the management of the Investor funds cannot entail any violation of the rights of the
investor or any third party.
(d) Assumes responsibility for enforcing the provisions of these terms.
(e) Is to complete a Limited Power Of Attorney form granting the PAMM master LPOA over the clients
sub trading account.
Acceptance of the Trading Agent by the Client and the completion of an application for issuance of the
PAMM account entails the registration of the Client as an Investor.
LIMITED POWER OF ATTORNEY
AUTHORISATION
1. The undersigned Client (“Client”) hereby authorize __________________________________ as
Client’s agent and attorney-in-fact(“Trading Agent”), and revokes all prior powers of attorney
relating to Client’s foreign exchange currency trading account at EvenForex, with full power of
authority to purchase, sell or trade in over-the-counter foreign currency transactions, including nondeliverable transactions, on margin or otherwise, in one or more accounts (collectively, the
“Accounts”)opened by and maintained with EvenForex in the Client’s name and on the Client’s
behalf.
2. The Trading Agent is authorised to act on behalf of the Client in the same manner and with the same
force and effect as Client might or could act in respect to such transactions, as well as with respect
to all other things necessary or incidental to the furtherance and/or conduct of the Account.
3. EvenForex is hereby authorised to follow instructions of the Trading Agent in all such foreign
currency transactions communicated through entry on EvenForex’ trading systems or such other
written or oral instructions that EvenForex may accept as well as a management decisions relating
to the Account with the exception of making Withdrawals from the Client Account.
4. EvenForex will have no liability for following the instructions of the Trading Agent, including but not
limited to any instruction to aggregate orders of Client with orders for or on behalf of the Trading
Agent’s other clients, and Client will not attempt to hold EvenForex liable for the Trading Agent’s
actions or inactions.
5. The Client hereby releases EvenForex from any and all liability to the Trading Agent or to any party
claiming through the Client with respect to any damage, losses or lost profits sustained or alleged
to have been sustained as a result of EvenForex following the instructions of the Trading Agent, or
any matter arising out of the relationship between the Client and the Trading Agent. The Client
indemnifies EvenForex from any losses, damages, liabilities and expenses, of any kind or nature
whatsoever arising there from.
RISK WARNING
1. Client understands that there are many strategies that can be used in trading foreign exchange, some
of which have risk of loss and could result in Client sustaining a total loss of all funds in the Account and,
further, that Client is liable for any deficit in the Account resulting there from.
2. Client acknowledges that Client has had the opportunity to discuss with the Trading Agent, and
understands the nature and risks of the strategy to be used in connection with foreign currency
transactions affected for Client’s Account.
Client acknowledges that the Client has read and understands the EVENFOREX Risk Disclosure Document
and agree to all of its terms.
By signing this Limited Power of Attorney, the Client acknowledges that Client has carefully read, understand
and agree to the document and details contained therein.
Intellectual Property Rights
I/ We, the Client agrees that all Trading related information including but not limited to Trading method,
strategy details, documents, software are intellectual property of the Trading Agent and neither the client
nor the broker will try to disassemble, reverse engineer , trade copy, distribute or disclose any of the items
without the written consent of the Trading Agent. Any violation will lead to penalty to compensate for the
loss of business revenue.
Acknowledgement by Investor
Full Name of Investor: _______________________________________________________________
MT4 Investor Account Number: _______________________________________________________
Contact Number: ___________________________________________________________________
Signature & Date: _______________________________________________ / _____ / ___________