The Trading Agent (“Agent”) will act as attorney-in-fact to access Client’s trading account (“Account”) held with Kridex, and/or its affiliates(Collectively, “Kridex”) for the purpose of placing orders to purchase and sell (including short sales) foreign Currencies and other financial contracts and on margin or otherwise for the Client’s account and risk. The Client hereby agrees to indemnify and hold Kridex harmless for all Losses, indebtedness and liabilities arising there from. Kridex is authorized to follow the instructions of the said Trading Agent in every respect concerning the Client’s Account foreign currency and options account the(“Account”) with Kridex, except that said a trading Agent is not authorized to withdraw any money or other Property from the Account, either in the name of the Client or otherwise. The Client hereby ratifies and confirms any and all transactions with Kridex heretofore and hereafter made by the said trading Agent on behalf of or for the account of the Client. This power of attorney is a continuing one and shall remain in full force and effect until revoked by the Client by a written notice addressed and delivered to Kridex and delivered to Kridex at the office where the Client’s account is carried, but such revocation shall not affect any Liability in any way resulting from transactions initiated prior to such revocation.
The Client hereby agrees to indemnify and hold (“Kridex”), harmless for all losses, indebtedness and liabilities arising from any transactions executed on the Client’s account or otherwise arising out of or related to the exercise of powers granted pursuant to this document. This authorization and indemnity shall inure to the benefit of Kridex and its successors and agents.
Client understands that Kridex and its officers, employees and agents will not control Agent’s actions, are in no way responsible for any loss to Client caused by the actions of Agent and that Kridex does not, by implication or otherwise, endorse the operating methods of Agent. Client further understands and agrees that Agent is the direct agent of the Client and not of Kridex.
Client understands that copies of all statements, notices and correspondence relating to Client’s account shall be provided to trading agent, and that trading agent shall have the authority to acquiesce in the correctness of statements on Client’s behalf. Because the risk factor is high in spot foreign currency trading and trading other financial contracts, only genuine "risk" funds should be used in such trading. If Client does not have the risk capital the Client can afford to lose, Client should not trade in the spot foreign currency market or in other financial contracts. Client acknowledges that all funds to be used in conjunction with Client’s account are risk capital. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss. In fact no one can even guarantee to limit the extent of losses.
Even though the Client has granted trading authority to another, the Client should be diligent to closely scrutinize transactions in the account. If the Client has any questions, the Client should contact Kridex immediately.
The trading authorization over the Client’s account terminates only upon written revocation by the Client or the Agent holding the authorization. Therefore, if for any reason, the Client wishes to revoke the trading authorization, which the Client has given, please bear in mind that the Client can do so via email by contacting:Support@kridex.com.
The Client understands that Kridex may provide compensation to Agent from the revenues generated by trading done by Agent on the Client’s behalf and that such compensation may be on a per-trade basis.
The Client understands that such compensation may create a conflict of interest for Agent, in that Agent will have an incentive to make trades on orders to generate compensation. Client understands and accepts this conflict of interest, waives any and all objections to such conflict of interest, and agrees to hold harmless and indemnify Kridex for any losses or liability incurred arising out of or related to such conflicts.
Note: % of Profits will be based on month over month achievements
Kridex is authorized and directed to pay from the Account any fees which are so invoiced to Kridex by the Agent.
Kridex is under no obligation to determine the accuracy or appropriateness of the Agent’s invoice; rather, Kridex
may rely and act upon the Agent’s invoice without further inquiry. It is understood and agreed that Kridex shall not be required to pay any funds as a result of the Agent’s invoice if there are not sufficient funds in the account. The Client and Agent shall jointly and severally indemnify and hold harmless Kridex against and from any loss suffered or liability incurred (including reasonable attorneys’ fees) by reason of any act or omission made in compliance with the authorization contained herein. This fee payment authorization shall remain in full force and effect unless and until expressly revoked or modified by Client in writing, by email or certified mail, at least five business days prior to the date the revocation is to become effective. Kridex may, in its sole discretion, decline to act in accordance with this authorization at any time. The indemnification and hold harmless shall continue to be effective after revocation for any actions or omissions by Kridex prior to the effective date of the revocation.
NOTICE TO CLIENT: Even though you have granted trading authority to another, you should be aware of the
trading activity in your account. Once your account is opened, Kridex will send you, via e-mail, a user ID and
password so you can access reports and account statements by logging into our electronic trading platform. You can see your account net profit or loss in all contracts closed. You should carefully review these statements.
*Fund Manager allocates to accounts which are members of the fund manager on a percentage basis. This percentage of allocation is calculated as the percent of an individual customer’s equity versus the total equity in the fund. These percentages are calculated automatically when the master account closes an order. Any account which is a member of the Fund Manager at 17:00 GMT on any given day will receive allocation for the following 24 hours. All requests to exit a manager must be submitted to Kridex by 13:00 GMT. If requests are made after 13:00 GMT, it is possible that customer will receive allocation for an additional day and will be exited from the Fund Manager the following day at 17:00 GMT.
Trading foreign exchange markets carry a substantial risk of loss and may not be suitable for everyone. Only genuine "risk" funds should be used in such investments. Past performance reports and records do not guarantee future performance, statistics or estimated returns. No one can guarantee profits or freedom from loss as well as any guarantee to limit the extent of losses.
All clients must ensure that they understand fully the risks involved and do not invest money they cannot afford to lose. The information provided can under no circumstances be considered as a recommendation to engage in any trade or investment, investors are advised to carefully consider this form of investment before entering this programme.