These Terms and Conditions govern the terms of your access and use of the CopyFX Broker website, platform and/or services provided through this platform as website visitors, signal followers and signal providers, and constitute your legal agreement with us. You must read, agree with and accept all the terms and conditions contained in this Agreement without modifications.
After you click on ‘Sign up’, ‘Register’ or ‘I Agree’ or when you use the CopyFX Broker website, platform and/or services provided through the platform, a legally binding agreement on these Terms and Conditions is concluded between you and us.
By accepting these Terms, you agree that our Privacy Policy, as it exists at any relevant time, shall be applicable to you.
IF YOU DO NOT AGREE TO BE BOUND BY THE TERMS AND CONDITIONS OF THIS AGREEMENT, DO NOT USE OR ACCESS OUR SERVICES AND INFORM US IN WRITING IMMEDIATELY.
“Terms”, “Terms and Conditions” means these Terms of Conditions.
“We”, “us” means the owner of the CopyFX Broker Platform.
“User”, “you” means a person or a company using the CopyFX Broker Platform and the Services as a website visitor, Strategy Follower or Strategy Provider.
“Strategy Follower” means a user, who has signed up for the Services by registering on the CopyFX Broker Platform and uses CopyFX Broker Services and Strategy Provider’s Services by following trading signals from Strategy Providers.
“Strategy Provider” means a financial markets trader, who has developed certain trading systems designed to generate trading signals to be used by Strategy Followers, and who streams their trading activities through CopyFX Broker Platform or through the platforms and websites of our licensees.
“Broker” means a broker and its online trading system, which is integrated with CopyFX Broker Platform and where the Strategy Followers’ trades are executed according to the trading signals from Strategy Providers.
“CopyFX Broker Platform” means the website and our proprietary web-based platform for auto-trading, accessible at http://www.CopyFXBroker.com/ or any other online website or mobile application provided by us, through which CopyFX Broker Services and Strategy Provider’s Services are available and provided, including their sub-domains, programming code, related technologies, know-hows, databases and design.
“CopyFX Broker Services” means provision of the CopyFX Broker Platform by us:
“Strategy Provider’s Services” means making available by Strategy Provider its trading activity and streaming it to Strategy Followers through the CopyFX Broker Platform. Each trading action performed in Strategy Provider’s account connected to the CopyFX Broker Platform is sent to Strategy Followers’ Broker accounts as a trading signal. Such a signal automatically triggers a trade in Strategy Follower’s account
“Services” means CopyFX Broker Services and Strategy Provider’s Services.
Any use of the CopyFX Broker Platform and the Services is at your sole option, discretion and risk. By using them you acknowledge that you do not find the services to be objectionable or unfair in any way.
The CopyFX Broker Platform may be used and accessed for lawful purposes only. You understand that laws regarding financial contracts and trading activities vary throughout the world, and it is your obligation alone to ensure that you fully comply with any law, regulation or directive, relevant to your country of residency with regards to the use of the CopyFX Broker Platform and the Services. The ability to access the CopyFX Broker Platform does not necessarily mean that the Services, and/or your activities through it, are legal under the laws, regulations or directives relevant to your country of residency.
User Restrictions
You agree that you will not do any of the following while using or accessing the CopyFX Broker Platform or using the Services:
Updates and Support
At our discretion we may make updates or upgrades available for the CopyFX Broker Platform. On a case-by-case basis and at our sole discretion we may offer support for the CopyFX Broker Platform and CopyFX Broker Services consisting of online FAQ, online documentation (user manuals or tutorials), live chat and support over email.
Publicity
By accepting these Terms you consent to the use of, and agree that we may use, your name, likeness, and photograph in, and in connection with, the development, production, distribution and/or exploitation (including marketing and promotion) of CopyFX Broker Services, our websites and/or our business generally , without additional compensation.
In the event that you as a Strategy Follower ranks among top trade performers , you acknowledge and agree that by this fact you are making yourself available to us for publicity, advertising and promotional activities relating to CopyFX Broker Services, our websites and/or our business generally, without additional compensation, from the date of your entering the top until such time you are no longer in the top.
We reserve the right to make public statements about you and your performance, on-air, on the Internet, or otherwise. You agree not to charge or demand, or attempt or seek to charge or demand, any fee or additional consideration or compensation, or impose any additional conditions, in respect of the fulfillment of any such obligations.
Regulatory Compliance
You represent that only your own proprietary capital is being used to fund your account. If this is not the case, you represent that you are properly registered or licensed in the jurisdiction where you are located, or exempt from such registration or licensure. You agree to immediately inform us in the event that the foregoing representation is no longer accurate.
Demo Version
We may provide you with evaluation version of the CopyFX Broker Platform for 30 days period.
Disclaimer Regarding Investment Decisions and Trading.
Decisions to buy, sell, hold or trade in foreign currencies and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in investments involves a risk of substantial losses.
YOU AGREE THERE ARE RISKS INVOLVED IN IMPLEMENTING INVESTMENT STRATEGIES AND IN INVESTMENTS IN GENERAL.
The use of any trading system, strategy or signals, including any system, strategy or signals included as a sample in, or that is or was developed using, the CopyFX Broker Platform and the Services or any data, information, products or services provided by or through the CopyFX Broker Platform and the Services, including trade signals from Strategy Providers, does not and cannot guarantee that you will make profits, increase profits or minimize losses.
You understand that there can be no guarantee that your use of the Services or the information disseminated through the CopyFX Broker Platform will result in profits. Further, you understand that such your use may result in substantial losses.
Additionally, trading results based upon hypothetical or historically-tested trading strategies or systems do not necessarily compare to results of actual trading. No hypothetical or historical trading record can account for the level of risk present in actual trading.
Numerous factors relating to market conditions, the existence or nonexistence of specific events or circumstances, human error, human/emotional reaction to losses during actual trading, inherent limitations of certain hypothetical or historically tested models, particularly ones that do not operate at the “tick” (as opposed to open, high, low, close) level, volume of trade and liquidity differences between hypothetical models and actual trades, and other supply/demand differences that may not be addressed by hypothetical models, and other conditions and circumstances, can account for these differences.
There is no guarantee that your hypothetical trading results, even if tested against historical data, will produce comparable actual trading results. In fact, there are frequently sharp differences between hypothetical or historically tested performance results and the actual results subsequently achieved by any particular trading system or strategy. The possible reasons for this include the likelihood that no trading strategy or system can, even with automated trading, be precisely executed as designed.
YOU AGREE THAT FUTURE RESULTS MAY NOT BE PROFITABLE OR EQUAL TO REPRESENTATIONS OF PAST PERFORMANCE; REAL, INDICATED OR IMPLIED.
The practice of “Day Trading” involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, strategy or starting following a certain Strategy Provider, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks.
YOU ALONE ASSUME SOLE RESPONSIBILITY FOR ANY INVESTMENTS OR DECISIONS YOU MAKE BASED ON THE CopyFX Broker PLATFORM OR ANY DATA, INFORMATION, PRODUCTS OR SERVICES PROVIDED BY OR THROUGH THE CopyFX Broker PLATFORM, INCLUDING TRADE SIGNALS FROM SIGNAL PROVIDERS.
UNDER NO CIRCUMSTANCES SHALL WE BE LIABLE FOR ANY LOSS OR DAMAGE YOU OR ANYONE ELSE INCURS AS A RESULT OF ANY TRADING OR INVESTMENT ACTIVITY THAT YOU OR ANYONE ELSE ENGAGES IN BASED ON ANY INFORMATION, DATA OR MATERIAL YOU RECEIVE THROUGH THE CopyFX Broker PLATFORM, INCLUDING TRADE SIGNALS FROM SIGNAL PROVIDERS, OR AS A RESULT OF USE OF THE CopyFX Broker PLATFORM.
You also agree to bear complete responsibility for your choice of Strategy Provider(s) and acknowledge that we have not and will not make any specific recommendations to you upon which you are entitled to rely.
No representation is being made that any account will or is likely to achieve profits or losses similar to those achieved by Strategy Providers or any other traders. Your attempt to follow any trades provided by Strategy Providers may be hindered by the inherent delay in receiving and executing that trade; market liquidity, and your own trading issues, including, but not limited to slippage, commissions, trading software, and internet outages.
The returns for Strategy Providers listed throughout the CopyFX Broker Platform are hypothetical in that they represent returns in a model account. The model account may rise or fall by the exact single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates, or if no actual client profit or loss is available, by the hypothetical single contract profit and loss of trades generated by the system’s trading signals over the test period.
The actual percentage gains/losses experienced by you will vary depending on many factors, including, but not limited to: the settings you have selected for trades mirroring, starting account balances, market behavior, your account settings, and the performance of Strategy Providers. Because of this, actual percentage gains/losses experienced by you may be materially different than the percentage gains/losses as presented through the CopyFX Broker Platform.
No Advice or Solicitation
The CopyFX Broker Platform is for informational purposes only. You acknowledge and agree that the CopyFX Broker Platform is not intended to supply investment or financial advice or a recommendation to trade using any specific Strategy Provider. We or Strategy Providers offer no advice regarding the nature, potential value, or suitability or any particular currency, transaction, investment or investment strategy. You should not construe any data or information provided by Strategy Providers as legal, tax, investment, financial or other advice.
Nothing in the CopyFX Broker Platform is a solicitation to buy, sell or hold foreign currencies or other investments or financial instruments.
Refund Policy
A “Platform Error” occurs if a trading signal that should have been rejected according to the Strategy Follower’s Account settings is validated and accepted by us and submitted to the Strategy Follower’s Broker, or if a trading signal that should have been accepted according to the Strategy Follower’s Account settings is rejected by us and not submitted to the Strategy Follower’s Broker, or any display errors on the platform. You hereby agree that the MT4 Client Terminal will supersede all trades displayed on the Platform.
We shall not be responsible for refunding lost profits resulting from Platform Errors under any circumstances.
Errors of Strategy Providers shall not be considered Platform Errors, and we shall not be responsible for refunding losses or lost profits resulting from such errors under any circumstances.
Strategy Provider’s Exempt Status
Strategy Provider represents and warrants that it does not direct or guide any customer accounts or provide trading advice based on, or tailored to the forex interests or cash market positions or other circumstances or characteristics of any customer.
Verification of Strategy Providers
The name on your Account with us must match your true and legal name and identity, and must match the name on the payment accounts used to withdraw monies.
To verify your identity, we may request at any time:
Strategy Provider is an independent contractor, and not our employee or agent, nor shall anything herein be construed as making Strategy Provider a partner or co-venturer with us or any of our affiliate. Strategy Provider shall have no authority to bind, obligate or represent us.
The Strategy Providers, who apply abusive trading behaviour, introducing high risks to their Strategy Followers, will be examined carefully and if deemed malicious, they will be refused compensation and their Account may be terminated.
You are responsible for any applicable taxes, duties, bank or payment provider fees or surcharges that may occur regarding the transaction.
IN NO EVENT WILL WE, OUR OFFICERS, DIRECTORS, EMPLOYEES OR AGENTS, BE LIABLE TO YOU FOR ANY DAMAGES WHATSOEVER, INCLUDING WITHOUT LIMITATION, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF THE CopyFX Broker PLATFORM AND THE SERVICES WHETHER THE DAMAGES ARE FORESEEABLE AND
WHETHER OR NOT WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
IN NO EVENT WILL SIGNAL PROVIDERS, BE LIABLE TO SIGNAL FOLLOWERS FOR ANY DAMAGES WHATSOEVER, INCLUDING WITHOUT LIMITATION, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH THEIR USE OF THE CopyFX Broker PLATFORM AND THE SERVICES.
Force Majeure
We will not be liable hereunder by reason of any failure or delay in the performance of its obligations hereunder on account of events beyond its reasonable control, which may include, without limitation, denial-of-service attacks, strikes, shortages, riots, insurrection, fires, flood, storm, explosions, acts of God, war, terrorism, governmental action, labor conditions, earthquakes, material shortages, extraordinary Internet congestion or extraordinary connectivity issues experienced by telecommunications providers and unrelated to our infrastructure or connectivity to the Internet, or failure at our co-location facility, (each a “Force Majeure Event”). Upon the occurrence of a Force Majeure Event, we will be excused from any further performance of our obligations affected by the Force Majeure Event for so long as the event continues.
You agree to defend, indemnify, and hold us, our parents, subsidiaries, affiliates, customers, vendors, and their respective officers, directors, employees and agents, harmless from and against any claims, liabilities, damages, losses, and expenses, including without limitation reasonable attorney’s fees and costs, arising out of or in any way connected with: