Limited Power of Attorney (LPOA)
Managed Account Authorization and Risk Disclosure
All Customers who designate an Authorized Trading Agent, defined as any person other than Customer, who is given the ability to control,manage or direct trading decisions in the Account (as defined below), must read and agree to the following document by signing and dating before Authorization will be granted by FXFair.Ltd.
The Undersigned Customer(s) authorizes:
I/we designate Trading Agent Mao Saeki as Agent and attorney-in-fact for the purpose of buying and selling margined foreign currency lots for the undersigned Customer’s Account (the “Account”), and at the Customer’s sole risk through FXFair.Ltd., (hereafter referred as “FXFAIR”). The Customer hereby indemnifies and holds harmless FXFAIR for losses, indebtedness, and all other liabilities that arise directly or indirectly therefore.
Customer acknowledges and understands that FXFAIR is hereby being given authorization to follow the instructions of the authorized Customer’s Trading Agent (the “Agent”) in every respect with regard to the Customer’s foreign currency trading Account with FXFAIR EXCEPT for the non-trading withdrawal of any money, securities, collateral or any other asset that is in the name of the Customer. FXFAIR will not in any way be liable or responsible for any buy or sell trading actions done on the Customer’s behalf by the Agent or for any losses incurred by the Agent for the Customer’s Account. Further, FXFAIR does not endorse the Agent nor does it vouch for the background, or experience of the Customer’s Trading Agent, nor does FXFAIR endorse any operating methods used by the Customer’s Trading Agent, including when trading for the Customer’s Account.
Customer acknowledges and understands that FXFAIR may provide the Trading Agent with monetary compensation for purchases and sales done on behalf of the Customer’s Account on a per trade basis from the Customer’s Account. As such, Customer acknowledges that such purchases and sales by the Agent may create a conflict of interest, as the Agent may have a financial incentive to trade, including on behalf of the Customer’s Account. Customer accepts this conflict by FXFAIR and Trading Agent and waives all objections to such an arrangement.
（the Trading Agent monetary compensation）
monetary compensation is it exceeds the monthly interest 10.5% on a monetary basis in the initial margin trading . we will treat all amounts exceeding 10.5% as the Trading Agent monetary compensation.
In addition, trade will be automatically canceled at the maximum drawdown of 30%.In the case of cancellation in the midway, we will calculate at the time of cancellation.
Customer acknowledges and warrants that the above-authorized Trading Agent has all the approvals, licenses and permits, including registration with the Financial Services Authority as a Commodity Trading Advisor (CTA), as required by any governmental and /or regulatory authority having jurisdiction over Agent’s activities hereunder.
Customer acknowledges, assents and understands that the above authorized Trading Agent will have access and will be given copies of any statements, notices and correspondence relating to Customer’s Account and that the Trading Agent is hereby given authorization to acknowledge and approve the correctness of any such statements and other documentation on behalf of the Customer. FXFAIR strongly suggests that the Customer should scrutinize all activity and Account information and should contact FXFAIR immediately with any questions. FXFAIR will endeavor to provide the Customer with online access to all Account information including, but not limited to, the Cash on Account, Unrealized Profit and Loss on Open Positions, Account Value, as well as a record of all prior trade details including but not limited to Realized Profit and Loss, the Date of the Transaction, Amount and Deal Price.
Customer acknowledges and understands that trading in margined foreign exchange is very risky and may result in losses that equal to or exceed the amount of margin deposited with FXFAIR. Customer should only trade or give authorization to trade on Customer’s behalf, Risk Capital, which is defined as that capital which if lost would not alter the lifestyle of Customer, Customer’s family and/or the solvency of the corporation for which Customer or Customer’s Authorized Trading Agent trades.
Customer acknowledges that neither FXFAIR nor any Trading Agent scan guarantee profits or avoid the risk of loss or, under some circumstances, even limit the extent of the potential loss under. Customer is solely and exclusively responsible for understanding the trading objectives and risks of the Trading Agent and acknowledges and agrees that FXFAIR is not responsible for any transactions that may or may not conform to those objectives. By granting Trading Authority, Customer understands that FXFAIR does not endorse nor vouch for any Trading Agent’s objectives or to any representations that the Trading Agent may claim or make to the Customer.
Customer acknowledges and understands that Trading Agent Authorization will cease only upon written revocation by the Customer or by the Trading Agent who is given the Authorization. Revocation for whatever reason shall not effect or limit the obligations and liability resulting from transactions or Contracts that were initiated before the effective date of revocation.
Customer acknowledges that Customer and Customer’s Trading Agent have read and understand the FXFAIR Risk Disclosure Document and agree to all if its terms.
By clicking “Register”, the Customer acknowledges that Customer has carefully read, understand and agree to the Limited Power of Attorney, Managed Account Authorization document and provisions contained therein.