is aware of the highly speculative nature of, and risks of loss inherent in, Forex Transactions and is financially capable of engaging in such trading. This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto. All Forex Transactions directed by the traders hereunder shall be in the name and for the account and risk of the Clients. Patpammfx capital is an independent contractor and this Agreement shall not be deemed to establish a joint venture between patpammfx capital and the Client and nothing herein contained shall be construed as creating a general partnership or other similar relationship or as authorizing any party. Client authorizes patpammfx capital to enter orders on behalf of the, account for Forex Transactions. (a) patpammfx capital represents and warrants the following to the Client: (1) patpammfx capital is a group of retail traders in the name of patpammfx capital. All provisions of the.
This Agreement shall not be assignable by Client. The Client acknowledges that patpammfx capital may charge fees for its services for other accounts different from those charged to the Client and that trading for accounts other than the Clients Account may increase the level or competition with respect to Forex Transactions. Patpammfx capitals services provided hereunder are not exclusive and patpammfx capital, its principals and affiliates shall be free to render similar services to others, and to manage other clients accounts and to use the same or other information, trading programs or formulae and trading strategies. All Forex Transactions that are entered by the trader may be entered in the traders sole discretion, without prior notice to, or consent of, the Client. Client will indemnify, hold harmless, and defend patpammfx capital and its members against any liability, loss cost, damage, or expense and any amount paid in settlement thereof to which any of them may become subject to in acting pursuant to or in furtherance of this. (3) The Client acknowledges that it, and not patpammfx capital or the traders, is responsible for making any and all margin payments and paying all commissions and other fees, costs, and expenses charged to the Account. Whenever necessary in this Agreement and where the context admits, the singular term and related pronoun shall include the plural and vice-versa, and the masculine and neuter terms shall be interchangeable. (5) The Client acknowledges that patpammfx capital makes no guarantee or representation that the Account will be profitable.
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The Client recognizes that the results obtained by patpammfx capital from time to time for such other accounts may be more favorable than the results obtained for the Client. Clients agrees to execute a Limited Trading Authorization and Power of Attorney with one of our prime brokerage partners authorizing patpammfx capital as trader the authority to transact Foreign Transactions in Clients Account. Purchase from or sell to our brokerage partner the specified foreign currencies for the account and risk, and in the name of, the Client; and. _ Investors Name Forex Account Manager prime brokerage selection Selection 1 HF Markets Ltd. Whereas, the Clients desires to have patpammfx capital retain as trader to direct transactions on behalf of the Clients involving the purchase and sale of foreign currencies subject to the terms and conditions set forth herein. Whereas, the Clients represents that he has speculative capital for the principal purpose of trading. We do not calculate swap, taxes or commission when determining your fees. This instrument and the attachments hereto embody the entire agreement of the parties, superseding any and all prior written and oral agreements and there are no other terms, conditions or obligations other than those contained herein. The Client, if an individual, is of legal age to be bound by this Agreement and is legally competent, and that no other person has, or will have as a result of any action of Client, any interest in or right to the Account, except. Standard OF liability AND indemnity.
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