Subscriber Agreement To Terms & Conditions For TFP llc's Managed Forex Accounts {Self Trading Agreement Terms Defined At Bottom Of Page} Agreement For Managed Accounts For Managed Accounts .TFP llc Shall Act As Trading Agent For Subscriber's Forex Trading Account And Has Access To Subscriber's Trading Account For Limited Purposes. Each Subscriber.Has A Firewall Of .Protection For Their Account's Capital Through Their Dealer/Broker's Account Agreement, .Whereby No One Except The Subscriber May Have Access To Account Funds. TFP llc.Registers With The Dealer As Subscriber's "Trading Agent" And Has Limited Access To The Online Account For Trading Purposes Only. Absolutely No Access To Subscriber Funds Is Permitted. There Is An Option Available Whereby Fees May Be Deducted By Dealer At Months' .End With Subscriber's Approval Per The Terms of This Agreement Only. Description Of How Fees Are Calculated & Paid To TFP .Fees Are Billed At The Rate Of 25% For All Accounts Funded At or Below $100,000. Any Account.Funded At Over $100,000 Is Billed At The Rate Of 20% Of New Monthly Profits. Maximum # Of Lots Traded In An Account.Are Based On The Following Formula: Each $10,000 In Account Funding = 1 Full Lot That May Be Traded. For Mini Lot Accounts, Each $1000 In Account Funding = 1 Mini Lot That May Be Traded. .TFP Shall Earn Fees Based Only On Profits Generated By TFP's Management Of.Account. Subscriptions Are Month-To-Month And Renewal Shall Be .At The Discretion Of the Subscriber or TFP llc. Where Performance Fees Are Not Deducted Through Broker, Then TFP Will Email Subscribers Their Month Ending Account Balance & Fees Statement Within 24 Hours Of The Month's Last Trading Day. Subscriber Accepts The Responsibility Of Paying Fees Within 72 Hours Of Fees Statement. Subscriber Further Agrees That In The Event of Late Payments, There May Be A Late Payment Penalty Fee of 10% Assessed By TFP. Notification Of The Intention To.Make Fee Payment Is Sufficient To Meet TFP's 72 Hour Payment Deadline and Avoid.Penalties. Payment Then Must Be Received Prior To 7 Days After The Last Trading Date For Any Month. TFP May Withhold Trading Execution Of Its System Where No Intention For Payment Of Fees Owed From Any Month Exceeds 72 Hours Beyond Due Date, Or More Than 7 Days.Elapses Without Receipt Of Payment. Subscriber Agrees That TFP May Apply Deposits .Provided To TFP Against Fees And Penalties Owed. In Any Event Where Subscriber Fails To Provide Written Notice Of Termination Of Subscription Or Fails To Pay Fees Based on Profits, Including Any Penalty For Late Payment, TFP May Cancel Remainder Of Monthly Subscription At Its Discretion And Apply Balance Of Deposit For Penalties Or Fees Owed. In The Event That A Subscriber For Any Reason Suspends TFP Access To His Account, Closes His Trading Account, Or For Any Reason TFP llc Is Unable To Trade Subscriber's Account, Then Trading.Results And Account Balance As Of The Last Accessible Date Shall Be The Basis For Determining Month Ending Profits, If Any, And Fees Due TFP. Auto Deduction Of Fees Plus Use & Purpose Of Deposits .Fees May Be Deducted Automatically At The End Of Each Month By The .Broker And Held For Withdrawal By TFP llc Per An Agreement Signed By The Subscriber, TFP llc & The Dealer At Any Time Subscriber Chooses. The Purpose and Use of Deposits Is Straightforward. $250 Is Provided As A Deposit Which Is Returned Upon Termination Of The Account Per The Following Formula. At Any Time During The First Year, For Each $100 In Fees Billed For The Account, $50 In Deposits Is Refundable Upon Cancellation Of Account. Whenever $500 In Fees Has Been Paid, The Entire $250 Deposit Is Refunded Upon Cancellation of Account with TFP llc. If Cancellation Occurs After One Year, The $250 Deposit Is Similarly Refunded In Full Regardless of Amount of Fees Billed. High Water Mark Fee Billing All Subscribers Whose Account Trades Mini Lots Will Have Fees Calculated The Same As Full Lot Trading Accounts. In Those Months Where The Account Balance Confirms A New Month's .Ending Profit, No Fees Will Be Due TFP llc Unless The New Account Balance Exceeds The Previous All Time High Account Balance Reached Anytime In The Subscription Period. To Explain.In Detail:Where A New High Month's-Ending Account Balance Is Reached, Fees Are Owed By.Subscriber To TFP llc Only On The Total That Exceeds The Previous Account Balance Maximums. .In Simple Terms, The Account Balance Must Establish A New All Time High Balance For The Account Or No Fees Are Due. For Self Traded Accounts There are no performance fees billed by TFP llc of any kind to subscriber who receives trades for his own self traded account. For Self Traded Accounts, TFP llc registers with the Dealer and receives a rebate per trade as determined by the dealer. This dealer rebate shall be the sole compensation for TFP llc and the exact amount shall be made known to the subscriber. Subscriber agrees that errors and omissions in transmission of trade information and analysis may occur and shall not hold TFP llc nor Keith Long responsible for any losses in a self traded account for any reasons. Limited Power Of Attorney And Managed Account Authorization .The Managed Account Subscriber {undersigned} authorizes:Trading Agent As TFP/Transparent .Forex Profits LLC________________________ as agent and attorney-in-fact to purchase and .sell currencies on the OTC foreign exchange markets {Forex-OTCFX} or otherwise for the .undersigned's account and risk. The undersigned subscriber hereby agrees to indemnify and .hold TFP LLC, Keith Long, or any employees harmless for all losses, indebtedness and liabilities .arising therefrom. Subscriber's dealer will be authorized to follow the instructions of the .aforesaid agent in every respect concerning undersigned's account with dealer, except that said .agent is not authorized to withdraw any money, securities, or any other property either in the .name of the trader or otherwise. Neither TFP.llc, {nor Keith Long} is responsible for losses .resulting From Trades In The subscriber's.account. .Even though the Subscriber has granted trading authority to another, diligence is required to .closely scrutinize what is going on in the account. The Subscriber should carefully review dealer .statements. If there are any questions, contact TFP immediately. This trading authorization over .subscriber's account terminates only upon written revocation by Subscriber or the Trading .Agent holding the authorization. This authorization and indemnity is a continuing one and shall .remain in full force and effect until revoked by the undersigned via a written notice address to .TFP and delivered to TFP. Subscriber understands and certifies that he/she has the financial .resources to enter this Agreement and that all trading objectives and risks have been explained. .The undersigned Subscriber acknowledges having received, read and understood the foregoing .and separate dealer-provided Limited Power-of-Attorney, Managed Account Authorization, Risk .Disclosure And Terms And Conditions Of Subscription Agreement with TFP in full. Additionally .Subscriber affirms that he/she has read, understands and accepts the risk disclaimer below. .Subscriber's Electronic Signature____________________________ .Date______________________________________ |
| ............ Risk Disclaimer Is Part Of This Agreement |
| TFP Transparent Forex Profits LLC Subscription Agreement Information |
| .......... TFP's Market Opinions .Any opinions expressed by TFP llc regarding the prices of specific currencies and the direction .they will take in the future are purely opinions. They are not guaranteed in any way. In no event .shall TFP LLC or TFP LLC system developer have any liability for any losses incurred in .connection with any decision made, action or inaction taken by any party in reliance upon the .information.provided verbally or via the internet, or any delays, inaccuracies, errors in, or .omissions of.information. |
High Risk Investment Margined Currency Trading is an extremely risky form of investment and as such is only suitable for individuals and institutions prepared to handle the potential losses it entails. An account with many forex dealers permits you to trade foreign currencies on a highly leveraged basis (up to approximately 100 times your account equity). An initial deposit of $2,000 will enable the account holder to take a maximum position with $200,000 market value. The funds in an account trading at maximum leverage can be completely lost, if the position(s) held in the account has a one percent swing in value. Theoretically, an account could lose more than the equity it contains, if the account is trading at maximum leverage and positions held in the account swing more than one percent in value. Given the possibility of losing one's entire investment, speculation in the foreign exchange market should only be conducted with risk capital funds that, if lost, will not significantly effect one's personal or institution's financial well being. TFP's Market Opinions Any opinions expressed by TFP regarding the prices of specific currencies and the direction they will take in the future are purely opinions. They are not guaranteed in any way. In no event shall TFP or TFP system developer or its prinicple owner have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided verbally or via the internet, or any delays, inaccuracies, errors in, or omissions of information. Internet Trading Risks Furthermore, for those traders accounts where TFP uses online trading platforms, they should be aware that there are risks associated with utilizing an Internet-based deal execution trading system including, not limited to, the failure of hardware, software, and Internet connection. TFP's trading alerts and instructions and system performance may be dependent on wireless text messaging, typically to a cell phone, PC, or other similar device. Traders must know that the failure of any one of these components including alert providers not associated with TFP, can cause trading losses, and that TFP will not be liable for any such loss that results from failure to receive trading signals and instructions caused by equipment or provider failure. Similarly, inconsistent or arbitrary fills by the subscriber's trading dealer, or any software or equipment malfunction may generate losses that TFP cannot control and therefore is not liable for. Risk Disclosure Statement This brief statement does not disclose all of the risks and other significant aspects of trading in leveraged investments. In light of the risks, you should undertake such transactions only if you understand the nature of the contracts (and contractual relationships) into which you are entering and the extent of your exposure to risk. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other circumstances. Due diligence is essential with respect to relying on any other party for advice, and/or execution of trading decisions in forex. |
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| “Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.” |