Terms & Conditions | Altitude Trade

ALTFX Social Trading

Terms & Conditions

GENERAL SCOPE AND APPLICATION

The present Social Trading Terms and Conditions (the “Terms”) govern all actions in respect of the Social Trading feature offered by the Company pursuant to which you shall have the ability to interact, follow and copy other traders by using information and/or social trading features provided and/or made available on our Site (“Social Trading” or “CopyTrading”).
These Terms should be carefully read in conjunction with the Master Trading Agreement of the Company prior to using the Social Trading Feature. By accepting these Terms, you unconditionally acknowledge that you have read, understood and intend to be legally bound by these Terms as well as the Master Trading Agreement that apply to your trading account as this can be found on the Company’s Site.
Words and terms not specifically defined in these Terms shall have the same meaning as in the Master Trading Agreement.
We will be responsible to you for the provision of the Copy Trading Services and for executing all instructions generated by the Copy Trading Service and reporting to you on the resulting transactions. All performance-related data are automatically updated and can be accessed through your Social Trading Platform.
In making a decision to copy a specific trader or traders and/or follow a particular strategy, you have considered your entire financial situation including financial commitments and you understand that using the Social Trading Feature is highly speculative and that you could sustain significant losses exceeding the amount used to copy a trader or traders.
You are fully aware of the fact that in making a decision to copy a specific trader, the opening and closing of trades will happen in your account without your manual intervention, through automated trading execution.
Therefore, you hereby authorize the Company to limit and/or withhold Social Trading Features based on the Company’s ongoing assessments in accordance with its policies and procedures. You further authorize us to execute all actions undertaken by the trader or strategy you chose to copy. These actions are done automatically once initiated by you and do not require any pre-authorization of ongoing activity/copied trades.
In making a decision to copy a specific trader, you understand that you will need to specify the parameters corresponding to your risk appetite.
You can stop copying a trader at any time. Once you stop copying a trader, all current open positions related to the said strategy remains open, if you decide to close all positions, you will need to do so manually via the trading platforms. The strategy will be archived and will no longer be part of your portfolio performance. You do have the ability to re-copy the trader at any time. If you place additional trades in your account or you modify or cancel an order generated by the Social Trading Feature you may achieve a materially different result than the user that you copied. Withdrawals may also generate materially different results than those of the user that you copied as it may affect the Copy Trading proportions.
The provision of Social Trading Feature does not constitute investment advice on our part. You are using the Copy Trading Service at your own risk and the Company, and its affiliates, employees, clients and agents will not be liable for any losses that you may sustain as a result of your using such features.

PERFORMANCE FEE

Signal Providers will charge a Performance Fee which is the percentage of profit made from the copied trades.
Such fees will be charged between 10% to 30% as determined by the Signal Providers.
The performance fee shall be deducted from your ALTFX trading account and remitted to the signal providers on a monthly basis, no later than the 5th day of the following month or upon your initiation of a withdrawal from your account. ALTFX retains the right to withhold fees owed to the signal providers at its discretion.
Only trades opened by the signals sent by the Signal Providers will be used for calculation of the Performance Fee.
Performance fee will only be paid to the Signal Providers only if the trading results for a billing period are positive (above high watermark).
If the results for a billing period are negative (below high watermark), the Signal Provider will not be paid Performance fee until the profit on the Follower’s Account fully covers the loss.

RISK DISCLOSURE

The Social Trading Feature is associated with various risks and you are urged to carefully read and consider the following risks prior to utilizing the Copy Trading Service:

Automated trading execution whereby trades are opened and closed in your account without your manual intervention.
In making a decision to copy a specific trader or traders and/or follow a particular strategy, you have considered your entire financial situation including financial commitments and you understand that using Social Trading Features is highly speculative and that you could sustain significant losses exceeding the amount used to copy a trader or traders.
Social Trading Features are provided by us solely for informational purposes. We and our affiliates and their employees and agents as well as traders using the Social Trading Feature are not investment or financial advisers. IF YOU MAKE INVESTMENT DECISIONS IN RELIANCE ON INFORMATION WHICH IS AVAILABLE ON OUR SITE OR AS A RESULT OF THE USE OF THE SOCIAL TRADING FEATURE, YOU DO SO AT YOUR OWN RISK AND THE COMPANY AND ITS AFFILIATES, THEIR EMPLOYEES AND ITS AGENTS WILL NOT BE LIABLE FOR ANY LOSSES THAT YOU MAY SUSTAIN.
YOU SHOULD NOT MAKE ANY INVESTMENT DECISION WITHOUT FIRST CONDUCTING YOUR OWN RESEARCH. YOU ARE SOLELY AND EXCLUSIVELY RESPONSIBLE FOR DETERMINING WHETHER ANY INVESTMENT, OR STRATEGY, OR ANY OTHER PRODUCT OR SERVICE IS APPROPRIATE OR SUITABLE FOR YOU BASED ON YOUR INVESTMENT OBJECTIVES AND PERSONAL AND FINANCIAL SITUATION.
A copied trader's positions (with respect to any of our financial instruments) shall be copied in a pro rata proportional amount of the copied trade to the realized equity of the copied trader as the basis for the proportions of copied trades. Such positions shall have the same leverage, stop loss and take profit, to the maximum extent possible.
Any past performance of our users, risk score, statistics and any other information with respect to users appearing on our website and applications are not indicative of future results and should be considered as hypothetical as more fully described below. It is important to understand that risk scores, statistical information and historical performance are not a guarantee of future performance. NO REPRESENTATION OR GUARANTEE IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN AND/OR THAT A RISK SCORE OF A COPIED USER SHALL NOT IN FACT BE HIGHER. When reviewing the content, portfolio, financial performance information, opinions or advice of another registered user, you Orivest (Pty) Ltd Social Trading Terms & Conditions should not assume that the user is unbiased, independent or qualified to provide financial information or opinions.
PAST PERFORMANCE AND/OR RISK SCORES SHOULD BE CONSIDERED AS HYPOTHETICAL PERFORMANCE RESULTS. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS. NO REPRESENTATION OR GUARANTEE IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THE PAST PERFORMANCE OR RISK SCORE SHOWN. THE ACTUAL PERCENTAGE GAINS/LOSSES EXPERIENCED BY INVESTORS WILL VARY DEPENDING ON MANY FACTORS, INCLUDING BUT NOT LIMITED TO: STARTING ACCOUNT BALANCES (DEPOSITS AND WITHDRAWALS), MARKET BEHAVIOR, THE INVESTOR'S ACCOUNT SETTINGS AND THE ACTUAL PERFORMANCE OF THE COPIED USER.
ACCORDINGLY, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL/PAST 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 IN 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 OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
NO ASPECT OF THE INFORMATION AND/OR SOCIAL TRADING FEATURE PROVIDED AND/OR MADE AVAILABLE ON OUR WEBSITES IS INTENDED TO PROVIDE, OR SHOULD BE CONSTRUED AS PROVIDING, ANY INVESTMENT, TAX OR OTHER FINANCIAL RELATED ADVICE OF ANY KIND. YOU SHOULD NOT CONSIDER ANY SUCH CONTENT AND/OR ANY SUCH FEATURE TO BE A SUBSTITUTE FOR PROFESSIONAL FINANCIAL AND/OR INVESTMENT ADVICE. IF YOU CHOOSE TO ENGAGE IN TRANSACTIONS BASED ON CONTENT ON THE WEBSITE AND/OR ELECT TO COPY SPECIFIC TRADERS AND/OR TRADES, THEN SUCH DECISIONS AND TRANSACTIONS AND ANY CONSEQUENCES FLOWING THEREFROM ARE YOUR SOLE RESPONSIBILITY. WHILE INDIVIDUAL PARTICIPANTS MAY OFFER INVESTMENT ADVICE OR OPINIONS AND/OR EFFECT A TRANSACTION WHICH MAY BE SUBSEQUENTLY COPIED BY OTHER TRADERS, SUCH ADVICE, OPINIONS OR TRADES AMOUNT TO NOTHING MORE THAN EXCHANGES BETWEEN PERSONS WHO MAY BE ANONYMOUS OR UNIDENTIFIABLE OR SIMPLY THE EXECUTION OF A TRADE BY SUCH TRADERS. THE COMPANY AND ITS AFFILIATES DO NOT PROVIDE INVESTMENT ADVICE DIRECTLY, INDIRECTLY, IMPLICITLY, OR IN ANY MANNER WHATSOEVER BY MAKING SUCH INFORMATION AND/OR FEATURES AVAILABLE TO YOU. YOU SHOULD USE ANY INFORMATION GATHERED FROM HERE AND/OR UTILIZE THE SOCIAL TRADING FEATURES ONLY AS A STARTING POINT FOR YOUR OWN INDEPENDENT RESEARCH AND INVESTMENT DECISION MAKING.