The Trading Account Connection Agreement (hereinafter referred to as the "Agreement") is a legal agreement between POCKETECH PTY TLD (hereinafter referred to as "POCKETFX") and the user (hereinafter referred to as "You") who connects the trading account to POCKETFX, please read all the terms of the Agreement carefully. If you have connected your trading account with POCKETFX, you have reached an agreement between you and POCKETFX, accepting all the terms of this agreement and are bound by the terms of this agreement.
Ⅰ. Rights and Obligations of Users of Connected Trading Accounts
- 1.1 The user of a trading account connected to a POCKETFX related product must be a natural or juridical person who can assume full legal responsibility.
- 1.2 You should ensure that the trading account information provided to POCKETFX is authentic and valid. If there is any change, the trading account information should be updated on time. Incorrect account information will cause the MT4/MT5 terminal running in the cloud to be disconnected due to authorization failure, after which the account data will not be synchronized and other features such as online trading, cloud order following, cloud alerts, etc. will not be available as well.
- 1.3 Do not fraudulently use other people's information (e.g. name, ID number, cell phone number, email address, etc.). If the information you provide is inaccurate, illegal or invalid, POCKETFX will prohibit you from using POCKETFX's products and services.
- 1.4 You are responsible for the safekeeping of your account name and password, and are legally responsible for the transactions made through your account.
- 1.5 Please be sure to read the User Agreement carefully, understand the relevant laws and regulations, and assume all risks for your own transactions and follow on transactions. Pocketfx does not provide any specific investment advice; and does not make any opinions in this regard.
- 1.6 Please check your account information periodically; and report any errors in time.
Ⅱ. Rights and Obligations of POCKETFX
- 2.1 In order to protect the legitimate interests of both you and POCKETFX, POCKETFX reserves the right to rely on the information you provided to evaluate your knowledge, experience and suitability. If POCKETFX finds the information to be unreliable or inaccurate, any request from you will not be granted.
- 2.2 POCKETFX does not provide you with any investment advice, nor does it make any investment-related opinions, so please think independently and execute your own trades.
- 2.3 The trading account information you provide will be used to log in to the MT4/MT5 Client in the cloud. POCKETFX will not disclose your account password .
Ⅲ. Affiliation of POCKETFX with Partner Brokers
- 3.1 POCKETFX assumes no responsibility for any losses incurred as a result of malfunctioning trading systems, charging or data errors, misleading statements or any other misconduct in the use of the information provided by the cooperated broker. It is recommended that you read the relevant terms of agreement of the partner broker's platform carefully before using it.
- 3.2POCKETFX is a third-party platform independent of the brokers; and does not provide any guarantee for trading funds. You should carefully evaluate whether there are any financial risks and any other risks of the trading system by using a partner broker. POCKETFX does not assume any legal liability for any losses caused by the above risks.
- 3.3 Since the information provided on the partner broker's website is beyond the control of POCKETFX, POCKETFX does not make any guarantees or provide any recommendations regarding the information provided to you on the partner broker's website. Please remain vigilant when using information from partner broker websites as a reference.
- 3.4 POCKETFX does not guarantee the completeness and accuracy of the information and statistics provided by the cooperating brokers. POCKETFX does not assume any liability for damages of any kind as a result of the information and statistics provided to you.
- 3.5 In the event that an order is prevented from being processed at a favorable price due to unforeseen market conditions or liquidity issues with the broker, you are advised to contact the broker to resolve the situation. POCKETFX is not liable for any damages in case of market conditions that prevent the execution of a trade.
Ⅳ. Online Transaction Risk Alert
- 4.1 POCKETFX is not responsible for any direct, indirect, occasional losses or damages caused by errors (e.g. errors in the transmission of network signals, delays, interruptions, errors caused by the strength of network signals, data errors, and errors caused by the stability of the equipment's connection, etc.) in the equipment you use (e.g. computer, hardware, software, etc.) The user assumes all the losses.
- 4.2 All services provided by POCKETFX do not promise that transactions on the network will be uninterrupted or error-free, nor do they guarantee the timeliness, accuracy, completeness or reliability of the information, services, transactions, etc. provided by the network on the trading system. POCKETFX does not accept any liability for any losses arising from the above.
- 4.3 POCKETFX shall not be liable for any compensations and damages caused by any force majeure event beyond the control of POCKETFX (e.g. technical incidents such as system failures, delayed updates to the client terminals, incorrect installation, network connection failures, security breaches beyond reasonable control, etc.).
- 4.4 The online trading function is performed by remotely controlling the MT4/MT5 client in the cloud to place orders and close positions. Therefore, you should install the official MT4/MT5 client on your phone in order to have a backup approach to operate your account in case of an unexpected situation.
- 4.5 Spread bets and contracts for difference are leveraged products. They may not be suitable for you as they carry a high degree of risk to your capital, and you could potentially lose more than your initial payment. It is important to fully understand all the risks involved. The services provided by POCKETFX are not trading recommendations, but rather a set of tools designed to facilitate the execution of a specific analysis method. This information should only be utilized by individuals who are aware of the inherent risks associated with trading. You are accountable for any trades executed, and it is highly recommended that you test all functionalities in a demo environment to confirm they meet your expectations.
V. Follow-on Transaction Risk Alert
- 5.1 POCKETFX provides COPYTRADE replication trading service to its users. When a trader places an order, the COPYTRADE system synchronizes the orders for the follower account according to the strategy. Loss of orders may occur due to carrier network fluctuations, unstable data service of the broker, followers' risk management settings, insufficient funds in user accounts, internal service malfunctions, etc.
- 5.2 POCKETFX will continue to improve the stability of the COPYTRADE system in an effort to provide better follow-on services to users. The risk of lost orders is affected by a number of factors including but not limited to operators, users, services, etc. POCKETFX will do its best to assist in resolving these issues and will not be held responsible for any damages caused by lost orders.
- 5.3 POCKETFX recommends that you keep vigilant when trading across brokers, as there is a high probability of signal delays, spread fluctuations (including bid prices and ask prices), etc. POCKETFX and its partner brokers are not responsible for any losses incurred as a result of trading across brokers for follow-on transactions.
- 5.4 Due to the unique feature of inter-broker follow-on transactions, POCKETFX uses standard lots to solve the fair follow-on problem of inconsistent returns due to inconsistent contract volumes. But the adjustment of broker's contract setting might be inconsistent with the initial match. POCKETFX is not responsible for any losses incurred during this period.
VI. Entry into force, modification and termination of the Agreement
- 6.1 This Agreement shall be effective from the date you open/link your trading account on the POCKETFX platform until it is terminated or until either party is in default. Either party may terminate this Agreement at any time. This Agreement is automatically terminated when you delete your connected trading account.
- 6.2 POCKETFX reserves the right to modify the terms and conditions of this Agreement and the final interpretation thereof in order to protect the legal rights of POCKETFX and the validity of this Agreement. POCKETFX will make the necessary notifications via the relevant product (website, app or communication means such as email) if any modification of the terms of this Agreement is required. POCKETFX modifies any part of the Trading Conditions and Execution Rules. You will be bound by this Agreement if you continue to use the corresponding services and products.