Scope of agreement

This is a legal agreement (hereinafter the "Agreement") between you and Prime Intermarket Group ("FXPIG") for use of the website, data, FXPIG electronic trading platform, and products and services which you selected or initiated, which may include the FXPIG trading platform and third party signal providers ("Products and Services").

1. FXPIG  and the Third-Party Provider Platform

1.1. The Third-party provider Platform is an automated trading system, allowing FXPIG client to reproduce in his/her trading account held with the FXPIG (the “Trading Account”), in an automated way and subject to the application of various parameters and limitations, trading signals generated by third parties (the “Signal Providers” or “Traders”), as further set out in this agreement and explained on the Platform’s website.

1.2. Any reference to your “Account” in the Platform and generally in relation to FXPIG, for the purposes of this Agreement, shall mean the personalized operation of the Platform concerning you, your relations with FXPIG, and the transactions made by you through the use of the Platform’s functionality, as well as the capture and recording of such operation in the records and servers of FXPIG. Except for the purpose of receiving the applicable fees. 

1.3. FXPIG does not undertake, by this Agreement to conduct any of your transactions either as your counterparty or as your broker and therefore assumes no liability in the event of non-performance (total or partial) or delayed execution of the signals generated through the Platform.

1.4. In addition to the automated generation of trading signals, the Platform allows you to generate your own trading signals (“manual” signals), as well as to monitor your transactions and be informed of their results and of your positions held with FXPIG in the context of your Trading Account(s) that are connected with the Platform.

2.  Means of providing the service

2.1. By using the FXPIG Platform you acknowledge that you understand and accept the risks associated with Internet-based trading services including, but not limited to, hardware, software or Internet connection related issues, and the potential inability of timely transmission of the relevant communication due to interruptions and/or errors. Since FXPIG does not control signal power, its reception or routing via Internet, the configuration of your hardware or software, or the reliability of your Internet connection, you agree that you are solely responsible for such failures, including communication failures, disruptions, distortions, and delays in trading. FXPIG 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).

2.2. No investment advice

2.2.1. FXPIG shall not provide to you with any kind of investment advice or other investment services. FXPIG offers solely the products and services that enable you to adopt trading strategies of other users of the Platform, based on the assumption that you have consciously chosen to conduct CFD and/or FX transactions with a Broker of your choice. 

2.2.2. The history and statistics of the Signal Providers, the trading signals generated by the Signal Providers and the comments made by any Signal Provider on the Platform’s website do not constitute any kind of personal recommendation towards you or any other user to conduct or abstain from any transaction or to follow or unfollow any Signal Provider and should not be regarded as such.

2.3. Choice of Signal Providers

The Platform provides you the opportunity to trade based on automated electronic signals. You may adjust the Platform’s settings so that it replicates in the Account the actions of one or more Signal Providers of your choice.

The Signal Providers are third parties who use their signals to carry out transactions for their own account. 

2.4. Limitations of the services and of FXPIG’s responsibility

2.4.1. FXPIG draws your attention to the following:

- The Signal Providers neither are related to FXPIG nor have they any professional certifications or titles with relation to financial markets.

- FXPIG does not intervene in the content of the signals produced by the Signal Providers.

- The Signal Providers do not have access to and do not take into consideration any of the personal information or the position of the account of any of their respective followers.

Generally, FXPIG 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.

2.4.2. By entering into this agreement, you acknowledge that you accept the risks inherent to the performance of transactions in the financial instruments supported by the Platform and provided to you by FXPIG and the Third party platform provider bears no liability for these risks. In particular you acknowledge:

i) That you are aware that transactions on financial instruments involve risks causing the reduction of the value of investments.

ii) That foreign exchange, CFDs and other leveraged trading activities involve significant risk of loss. Such activity is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

iii) That your trading results may vary depending on many factors. Because the risk factor is high in the foreign exchange, CFDs and other leveraged products, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in leveraged products. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss.

v) That you are aware and accept the risks arising from the replication of investment strategies of third parties when using the FXPIG Platform and that past performance posted on the Platform is not indicative of future results.

2.4.3. FXPIG is not responsible for the actions or omissions of any other third party with respect to the transactions that you carry out with other Brokers for whatever reason.

2.4.4. FXPIG does not guarantee that the use of the Third-party Platform will have a positive result or a specific performance for you. Any reference to the performance of transactions carried out by users of the Platform or Signal Providers is related exclusively to the past and by accepting these terms you acknowledge that you are aware of such fact. Any reference to the performances of any Signal Provider may not take into account the costs of transactions, such as Signal Provider fees or any other fees applicable to your Copy Trading  Account in the context of this Agreement.

2.4.5. The trades conducted by Signal Provider on his own trading account may involve amounts greatly different from the amounts allocated by you to each transaction following the Signal Provider’s activity. This may itself cause a significantly different result compared to the Signal Provider’s profits or losses even if the remaining characteristics of your positions are the same as the ones of the specific Signal Provider. 

3. Authorizations

You hereby authorize the Signal Provider to access the Trading Account held by you with FXPIG, via all appropriate technical means and - to the extent necessary - the relevant competent personnel and executives thereof, in order

a) to connect the Platform to your Trading Account in a way to allow the introduction of the signals resulting from the operation of the Platform in your Trading Account;

b) to obtain full information about your Trading Account connected to the Platform, in order to be able to provide comprehensive information to you via the Platform;

c) to obtain information regarding your identification, for the purpose of providing the third-party Platform to you, receiving payments from you, and complying with any applicable rules (including for the prevention of money laundering)

4.  The Signal Follower is entitled to do the following:

4.1. copy any number of Masters (the Copier Area lists all current subscriptions)

4.2.  close any copied trade manually at any time in the copy trading account

4.3. unsubscribe from the Master and stop copying the Master’s trades by contacting FXPIG Support Team to unsubscribe. Upon unsubscription, all funds invested with the Master and the profit will remain in the Copier’s trading account

4.4. The Service is available on the Metatrader 4 platform and cTrader platform.

5. Opening copied trades routine:

5.1. The Copier only copies the trades that were opened by the Master after the subscription for the Master within the Service.

5.2. Upon the subscription to a Master, the Copier should fund the account with a specific amount to be invested with the selected Master prior to ‘start copying’. These funds and your profit will still remain in your copy trading account when you stop copying the Master.

5.3. The Copiers’ leverage ratio is set at 1:500 by default. Should the Copiers wish to adjust the leverage, please contact FXPIG’s Customer Support.
The Copier should take into consideration that if following the Master with same ratio while having a lower leverage may result in Margin Call or Stop Out.

5.4. Once the service is activated, the trades will be copied to the Copier’s account regardless of whether the owner of the account is signed in or not.

5.5. The Copier's order is executed following the order (Buy or Sell) made in the Master's account.  When the Master places an order, the signal for opening an order triggers in the Copier's account. The Copier's order is executed at the market's price. The same mechanism triggers the order closing. Therefore, the execution prices of these orders may differ. Additionally, the number of the Copiers following this Master can affect the execution time.

6. If the Master changes equity (by making a deposit or withdrawal) or leverage, all the copied trades maintain their initial volume on the Copier’s account. 

7. All trading conditions (leverage, swaps, spreads) of the Copiers’ are similar to the ones for the FXPIG MT4 and cTrader accounts.

8. The Service is entitled to do the following:

8.1. restrict the number of Master Accounts the Masters may create at any time without prior notification at its sole discretion

8.2. unsubscribe the Copier from the Master without prior notification..

9. The Master determines the performance fee amount for copying orders. The performance fee can range from 0% to 30% of the Copier’s gain

10. The commission structure that the Copier pays to the Master is set at the moment when the Copier presses ‘Start Copying’ and/or starts copying the master's. If the Master changes the commission amount, it does not affect the amount due under this subscription to the Master.

11. Commission amounts for the IB. The Master can also be an IB for the Copier. In this case, they will receive both the IB commission and the performance fee for copying.

12. Free Trial

12.1. The Master Trader can activate and disable the Free Trial at any moment.

12.2. The Free Trial automatically activates when the Copier initiates copying the Master Account if:

12.2.1. the Master Trader has the Free Trial available for this Master Account

12.2.2. the Copier has not previously activated the Free Trial for this Master Account.

12.3. If the Master Trader voids the Free Trial, it continues to work for the Copiers who have already activated it.

12.4. If the Copier stops copying the Master Account while the Free Trial is active, the Copier cannot reactivate the Free Trial for this Master Account.

12.5. After the Free Trial expires, the Copier's subscription becomes subject to the prior conditions, including the commission structures.

13. The Copier’s trading statistics can only be viewed by the Copier.

14. The Master’s trading statistics are available for the public and or subject to Master's visibility settings (cTrader).

15. The Copiers do not have access to the trading terminal. All actions with their subscriptions and trades are made under the Copier Area by the Master Traders.

16. If the Service reasonably suspects that the Copier violated the Deposit and Withdrawal rules set out under the Customer Agreement or the legislation of the country of the Copier's residence, the Service is entitled to suspend providing the services to such Copier.

17. Final provisions

17.1. Representation regarding funds

By accepting these terms and proceeding to the opening and operation of your Account, you represent and certify to FXPIG that

a) all amounts of money that you have deposited and/or will deposit with your FXPIG belong to you, are from a legal source and do not derive from acts or activities falling within the prohibitions of the laws on the prevention and suppression of money laundering;

b) generally you shall comply with the legal provisions and shall not engage in illegal or prohibited actions or practices;

17.2. Restrictions to the use of Platform Information

By viewing FXPIG’s website and trading on Platform, you fully understand and agree to respect the proprietary rights of Signal Providers and of FXPIG, and you represent that you do not desire to acquire from the Signal Providers any trade secrets or confidential information.

You represent that you will be using signals solely for your own FXPIG Account and that you will not be reproducing such signals with any third-party platforms or services outside of the FXPIG platform. Immediately upon notice from FXPIG that, in FXPIG’s opinion, any use of the Platform does not comply with this standard, you will cease such manner of use. Furthermore you agree that FXPIG may at its sole discretion disable your access to the Platform at any time, in the case of system abuse or any infringement of any patent, copyright, trademark or other proprietary right or infringement upon a trade secret of any person or entity, or other reasons not described in this Agreement.

18. Duration – Termination

This agreement is of indefinite duration. The agreement shall take effect after acceptance by the Client and upon the opening of the Account by FXPIG, and shall be terminated upon the closure of the Account. The Account may be closed either by a request from you, subject to FXPIG’s acceptance and provided that no Fees are outstanding, or in FXPIG’s initiative with a reasonable notice or – in the case of inactive accounts – with no notice.

18.1. Governing law – Jurisdiction

18.2. All contractual relationships between FXPIG and the Client are governed by the laws of Vanuatu.

18.2.1. FXPIG shall have the right, at any time and under its sole and absolute discretion, to unilaterally change and/or amend the terms and conditions of this Agreement. You agree that any new format of this Agreement which shall be posted on FXPIG’s Website shall be considered as sufficient provision of notice for the changes and/or amendments made in such new format and shall become effective as of the date of posting it as aforesaid.

18.2.2. You shall not assign or transfer in any way to third parties any of your rights and claims arising from your relations with FXPIG under this Agreement, unless otherwise agreed in writing.