TERMS OF SERVICE
Welcome to Social Trade Euro
1. INTRODUCTION
1.1. This FXTM Invest Strategy Manager Agreement (“Agreement”) explains the rules we
(“FXTM”) follow when you (“Strategy Manager”) become a Strategy Manager under our
FXTM Invest Strategy Manager service.
“FXTM Invest” service is developed by FXTM and allows our clients to follow your strategy
by copying your trades in your Strategy Account, for a Profit Share.
1.2. Apart from this Agreement, there are rules around your function as a Strategy Manager
and trading via MyFXTM in other Operative Agreements. You should read each of them
carefully before you start trading with us.
1.3. You can find definitions for any capitalized terms used in this Agreement in the Client
Agreement.
2. ACCEPTANCE
2.1. You will receive a notice confirming that you have been accepted as a Strategy Manager
after you have reviewed and accepted this Agreement provided you are an approved and
registered client of FXTM.
2.2. We will set up your account to enable you to form and share your specific trading strategies
and for the purpose of this Agreement when you are accepted (“Strategy Account”) and
provide you with a password and unique I.D.
3. YOUR RESPONSIBILITIES
3.1. You agree to:
(a) form specific trading strategies which include a series and/or sequence and/or set of
Transactions carried out in your Strategy Account;
(b) authorize FXTM to use your strategies and publicize or communicate your strategies
to our clients and Foreign Investors;
(c) exclusively assign the proprietary use of your strategies upon creation to FXTM for its
use if your strategies are protected under any Applicable Regulations;
(d) authorize FXTM to provide its clients and Foreign Investors with access to your
Strategy Account and an option to follow or copy your strategies.
“Foreign Investor” means a person with access to invest in your strategies but is not
an investor of FXTM.
3.2. You further understand and agree that:
(a) the clients will remain clients of FXTM at all times;
(b) we may engage other Strategy Managers for the provision of similar strategies;
(c) you will exercise proper skill and care, professional and technical expertise, diligence,
morality and impartiality in offering your strategies, considering the complexity of the
foreign exchange markets;
(d) your strategies will not be offered on a professional basis;
(e) you are well informed and updated on the foreign exchange markets;
(f) you will be liable for any of your losses incurred on your Strategy Account;
(g) you will abide to the terms of this Agreement (including Appendix 1) as amended from
time to time. These amendments will be published on our Website.
4. FEES
4.1. We will compensate you in the form of a Profit Share provided in Appendix 2 herein for the
provision of your strategies.
4.2. All fees and Profit Share will be subject to taxes as per the Applicable Regulations. You will
inform FXTM if any taxes apply to you.
5. ACCOUNT CLOSURE AND TERMINATION
5.1. We may initiate closure of your Strategy Account with a Written Notice if:
(a) there is suspicion of fraud in your Strategy Account; and/or
(b) you have failed to respond to our queries.
5.2. Upon closure of your Investment Account and termination of this Agreement, we will follow
the general rules in Clause 20 of the Client Agreement.
6. CONFIDENTIALITY
6.1. You agree that:
(a) we may collect information from you or other persons (including, credit reference or
fraud prevention agencies) to enable us process or verify your information in relation
with this Agreement.
(b) you will treat all client information (any information we receive or is obtained from our
clients) given to you under this Agreement as confidential information as provided
under the Client Agreement;
(c) you shall not disclose or use the client information for any other purpose other than as
provided in this Agreement unless otherwise as per Clause 22.2 of the Client
Agreement;
(d) where you have elected to act as a private Strategy Manager, you will keep all your
strategies confidential and inform FXTM of any actual suspected or threatened
unauthorized disclosure or use thereof;
(e) your strategies and any details thereof will not be considered to be personal data;
(f) any breach of any of the confidential obligations under this para 6 will constitute an
Event of Default; and/or
(g) all information, passwords, documents, notes, memoranda, records, tapes, discs,
emails, faxes, recorded conversations, writings and designs of FXTM or its clients
made or received by you will remain the property of FXTM and you will hand over the
same to FXTM on demand or upon termination of this Agreement.
6.2. We may disclose any of your information as per Clause 22.3 of the Client Agreement.
7. MISCELLANEOUS
7.1. Our address for communications via email will be sent to investments@fxtm.com. You will
find more rules about communication in Clause 18 of the Client Agreement.
7.2. We may freeze your Strategy Account for failure to provide any documents or information
required under this Agreement and will charge you a handling fee of $5 per month or the
balance of the account, whichever is lower, until you provide this documents or information.
Appendix 1: Functionalities of the Strategy Account
Strategy Account Creation
(a) While creating a new Strategy Account, you may transfer funds from your trading account
(internal transfer) or other available payment method. These funds will be used for trading
purposes as the initial equity;
(b) Your name should not contain any obscene language or any elements that are insulting in
nature, including racial, religious, nationalistic and ethnic insults;
(c) You can create as many investment strategies as you like, provided they can reasonably be
characterized by a different trading style/risk.
(d) We can set a limit to your Investor accounts and notify you once your limit is reached. During
this period, you may not be able to accept new investor accounts unless we otherwise notify
you and, you will be excluded from the top-ranking Strategy Accounts provided on our
Website.
MyFXTM Website / Publicity
(a) After your new Strategy Account is created, it will have its own web page, with account
performance, statistics and personal data, available in direct link;
(b) The link to this web page will be available in the list of your accounts;
(c) You can remove the link on the web page from the list of your accounts;
(d) You can reject investors;
(e) You can edit your personal data;
(f) We may not show link to the web page in the list of your accounts if: it contravenes the
Agreement or, certain conditions are not met (poor performance, account inactivity,
suspicions of fraud).
Wrongful Abuse of FXTM Invest
(a) If we suspect your attempt to manipulate the ranking parameters, exploit the system's
weaknesses or not act in the best interest of your investors, we can: hide you from the
Strategy Manager Rankings on our Website, pause and/or terminate your Strategy Account
and/or disconnect the Investor Accounts from your Strategy Account;
(b) If you generate high returns with less than the minimum deposit required for an account type,
we can set your Strategy Account to private.
Payout Interval
(a) The monthly interval that starts on the day when the initial deposit is made to the investment
account and concludes after a thirty (30) day period or at the time of the withdrawal by the
investor’s or Foreign Investor’s or at the time of closing of a profitable investment account;
(b) When the payout interval is reached, we will automatically pay you the Profit Share if the
investors account is profitable compared to the previous interval.
(c) The end of a Payout Interval designates the beginning of the following Payout Interval.
Inactivity of your Account
(a) If you are inactive for ninety (90) days, all the investment accounts following your Strategy
Account will be disconnected after we send you a five (5) calendar days prior notice to that
effect.
Appendix 2: Profit Share
(a) Profit Share represents a percentage of the profits that will be rewarded to you for the
investor’s positive performance in the investors accounts following your Strategy Account.
This is paid within thirty (30) days from the day of initial deposit and in case of withdrawal
or closing of the strategy, the higher water mark rule applies;
(b) At the end of each Payout Interval and/or at the time of withdrawal and/or closing of a
profitable investment or foreign investment account, you will automatically be paid your
Profit Share based on the % of the generated profit for the trading interval (subject to a
higher watermark);
(c) At the date when Profit Share is paid, the latest watermark is set;
(d) The % of Profit Share is set by you when you create an Investment Strategy. You can edit
your Investment Strategy and the new fee will only apply to new investment accounts (the
old investments account will continue to have the initial % Profit Share).
(e) In case of partial withdrawal, you will receive a Profit Share that is proportionate to the
amount of withdrawal, whichever is earlier.
(f) If the payable Profit Share is < 1 cent USD or < 1 cent EUR, you will receive 1 cent USD
and 1 cent EUR, respectively.
(g) The % of Profit Share will be set out in a written format in your personal area on your
Strategy Account.
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