Agreement as to Terms of Service for CopyTrade
By utilizing this website, you agree to be bound by these terms and conditions. This is a legal agreement (“Agreement”) between you and TORRENT TRADING TECHNOLOGIES LTD (“TorrentFX”) for use of the website, data, TorrentFX web- based and electronic trading platform, and products and services which you selected or initiated, which may include the use of the trading platform called “TorrentFX CopyTrade” and third party signal providers (“Products and Services”). If you do not agree with the terms of this Agreement, click the Cancel button and do not use this website or any of the Products and Services.
TorrentFX CopyTrade (the “TCT”)
The TCT is an auto trading system supporting automatic and manual trading. The TCT receives trading signals from third party signal providers. Once the signal is received, TorrentFX through TCT validates the signal and confirms whether it is consistent with the investor’s account settings and preferences. If the signal is accepted, TorrentFX sends the trading signal to the investor’s broker for execution.
Risk of Loss
The risk of loss in trading Forex can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. When trading on margin, you may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain a position in the Forex market. Before deciding to trade and/or invest, you should carefully consider your 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 trade or invest money that you cannot afford to lose.
By viewing this website and trading on the TCT, you fully understand and agree that Forex markets are subject to numerous implicit and explicit risks, none of which TorrentFX can control or influence. You therefore acknowledge and agree that all trading is solely at your own risk. You should be aware of all the risks associated with trading and you should seek advice from an independent financial advisor before trading.
You also agree to bear complete responsibility for your choice of signal provider(s) and acknowledge that TorrentFX has not and will not make any specific recommendations to you upon which you are entitled to rely. You also understand that the information disseminated on this website represents impersonal, disinterested opinions and commentary of TorrentFX and its employees and agents, but that the information does not constitute investment advice or a recommendation to trade using any specific signal provider.
Third Party Signal Providers
TorrentFX makes no guarantee, implied or otherwise, as to the information provided to investors by third party signal providers, or through their respective websites. As such, use of these third party signal providers is at the investor’s own risk. You acknowledge and agree that TorrentFX is not responsible for any shortcomings, trading system errors, charging or billing errors, misrepresentations, or any wrongdoing on the part of said third party signal provider(s). TorrentFX recommends investors review the signal provider’s policies regarding trading system errors, privacy, billing, errors and omissions, and related issues before investing.
The returns for signal providers listed throughout this website 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 hypothetical model account begins with the initial capital level listed, and is reset to that amount each month. The percentage returns reflect inclusion of commissions, spreads, interest, fees, and the cost of the system. The commission, spread, interest and fee costs included in the calculations varies per system.
The actual percentage gains/losses experienced by investors will vary depending on many factors, including, but not limited to: starting account balances, market behaviour, the investor’s account settings, and the performance of the signal provider. Because of this, actual percentage gains/losses experienced by investors may be materially different than the percentage gains/losses as presented on this website.
You understand that there can be no guarantee that your use of the signal providers or the information disseminated on this website will result in profits. Further, you understand that your use of the signal providers or the information disseminated on this website may result in substantial losses.
Please read carefully the below disclaimer regarding hypothetical results below.
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.
Every effort has been made to ensure that the information on this website is accurate and complete, but neither TorrentFX, nor our officers, principals, employees or agents shall be liable to any person for any losses, damages, costs or expenses (including, but not limited to, loss of profits, loss of use, direct, indirect, incidental or consequential damages) resulting from any errors in, omissions of or alterations to the information. The foregoing shall apply regardless of whether a claim arises in contract, tort, negligence, strict liability otherwise.
Any specific investment or investment service contained or referred to in this website may not be suitable for all investors. You should not rely on any of the information as a substitute for the exercise of your own skill and judgment in making such a decision on the appropriateness of such investments.
TorrentFX has not undertaken to verify the completeness or accuracy of any of the information and statistics provided by third parties. While the information and statistics given are believed to be complete and accurate, we cannot guarantee their completeness or accuracy. As a term and condition of your use of this website, you expressly hold TorrentFX harmless and waive any claim you have or may have as a result of any of the information and statistics provided by third parties contained on this website being incomplete or inaccurate.
Online Trading Risks
There are risks associated with utilizing an Internet-based trading services including, but not limited to, hardware, software or Internet connection. Since TorrentFX does not control signal power, its reception or routing via Internet, configuration of your hardware or software, or reliability of your Internet connection, you agree that you are solely responsible for such failures, including communication failures, disruptions, distortions and delays in trading.
Volatility or illiquidity in the Forex markets may prevent orders from being executed at advantageous prices, or at all. TorrentFX shall not be liable to any person for any losses, damages, costs or expenses (including, but not limited to, loss of profits, loss of use, direct, indirect, incidental or consequential damages) occurring because trades cannot be executed due to market conditions, or from any errors of your Forex dealer.
TorrentFX recommends that investors should be cautious when they use an iPhone, Blackberry or other handheld mobile device for trading or receiving data from the TCT. Handheld mobile devices depend on wireless connectivity, are subject to the limitations of 3G, WiFi and GPRS networks restrictions, and may not provide the investor with the same functions as accessing the TCT from a web browser. TorrentFX shall not be liable to any person for any losses, damages, costs or expenses (including, but not limited to, loss of profits, loss of use, direct, indirect, incidental or consequential damages) resulting from the investor’s use of a handheld mobile device.
Please be aware that some of the websites that you may link to through this website are not supported by TorrentFX. Because the material made available on these websites is not under the control of TorrentFX, we make no representation to you about these websites nor the material you may find there. The fact that TorrentFX has linked to these websites does not constitute an endorsement or recommendation of any kind. The links to these websites are being provided only as a convenience to you.
TorrentFX will issue a refund to an investor for losses caused by Platform Errors in respect to the TCT, if the investor provides timely notice of the error to TorrentFX as described below. A Platform Error on the TCT occurs if a trading signal that should have been rejected according to the investor’s account settings is accepted by TorrentFX and submitted to the investor’s broker or if a trading signal that should have been accepted according to the investor’s account settings is rejected by TorrentFX and not submitted to the investor’s broker. TorrentFX shall not be responsible for refunding lost profits resulting from Platform Errors on the TCT under any circumstances.
Errors of third party signal providers or Forex dealers shall not be considered Platform Errors, and TorrentFX shall not be responsible for refunding losses or lost profits resulting from such errors under any circumstances.
In order to receive a refund of losses caused by Platform Errors in respect to the TCT, you must notify TorrentFX in writing of your potential claim. You must deliver the written notice to TorrentFX as soon as you knew, or should have known, of the Platform Error in respect to the TCT, but in any event, no later than twenty-four hours after the Platform Error of the TCT occurred. If TorrentFX does not receive such notice from you within twenty-four hours after the Platform Error on the TCT occurred, it will not be liable for any losses resulting from the Platform Error.
If TorrentFX confirms that a Platform Error on the TCT has occurred with respect to your account, and you provided the required notice to TorrentFX within twenty-four hours, you will receive a refund of your losses caused by the Platform Error (not including lost profits).
You are required to review your account statements and monitor your account status at least daily to ensure that the trades you ordered were placed, and that all trades that were made on your account were authorized by you.
Except as expressly provided by this refund policy, neither TorrentFX, nor our officers, principals, employees or agents shall be liable to any person for any losses, damages, costs or expenses (including, but not limited to, loss of profits, loss of use, direct, indirect, incidental or consequential damages) resulting from any errors in the TCT.