Social Trading account allows clients who have no time to trade for themselves or are inexperienced, to copy an experienced Manager. Important to note that social trading accounts:
- No returns are guaranteed and, you might lose all capital invested.
- Track record does not guarantee same results.
- Client will be able to view positions running and modify the positions.
- Client needs to give 5 trading days’ notice in order to be detached to the Manager account.
The account holder (the “Client”) hereby authorizes Profitto Ltd to replicate all trades executed on the Manager’s account established with Profitto Ltd (the “Account” and “Profitto Ltd. and/or its Affiliates, to the fullest extent permitted subject to and in accordance with Profitto Ltd terms and conditions with Client, for the Client’s account and risk and in the Client’s name or number on Profitto Ltd books and records. The Client hereby accepts that he/she has a full understanding of the Social Trading system.
Without prejudice to the above, the Client acknowledges and understands that further to the Terms and Conditions, Profitto Ltd is upon receipt of this COPY-TRADING AUTHORISATION authorised to follow the instructions of the Manager’s account in every respect with regard to the Account.
The Client acknowledges that there is a risk factor in trading Foreign Exchange and/or CFDs, and therefore the Client further acknowledges that she/he would not hold Profitto Ltd responsible for any losses which he/she may incur.
In consideration for the Manager’s account’s services hereunder, The Client agrees to pay the Manager’s account the charges per the agreement and, in accordance with the Terms and Conditions, authorises Profitto Ltd to pay such charges on the Client’s behalf to the Manager’s account.