Client Name:
(“the Client”) has opened the trading account(s) referred to above (“the Account(s)”) with AFS Global Limited (“AFSG” or “the Company”),
Whereas the Client agrees and acknowledge that his account with AFS Global Limited is subscribed to Zulu trade LTD and that by using Zulu trade program (“the program”), the Client will follow the Trader ("Investors") having the trading action automatically executed in his account(s), residing in AFS Global Limited.
Therefore, the Client acknowledges that:
- 1- Zulu Trade Ltd is an execution service only and that AFS Global Limited has made no representation regarding the potential profitability of the systems (the “Systems”) available through the Service.
- 2- The client acknowledge that he did not purchase the Program from AFSG although it may have acted as an agent in the purchase or participation in the Program.
- 3- The Client hereby irrevocably agrees to release and hold AFSG (as well as its directors, officers, shareholders and employees) harmless from any and all liability to the Client, and anyone claiming through the Client, with respect to any and all losses, damages, liabilities and/or expenses of any nature (“Damages”) sustained or alleged to be sustained as a result of: (i) AFSG following the program’s instructions; (ii) all actions of the program regarding the Account; and/or (iii) any other matter arising out of client’s participation in the program including but not limited to this agreement, even if resulting from the program’s default, negligence or willful misconduct. The Client shall Indemnify AFSG, its affiliates, employees, agents, and successors from Damages arising therefrom. This acknowledgement is considered a final and irrevocable one.
- 4- The Client irrevocably agrees that he accepts all transactions executed by the program and considers such transactions binding and cannot be rejected. The Client also acknowledges that no confirmations will be needed from him to confirm transactions executed by the program.
- 5- The Client acknowledges that CFDs are leveraged financial instruments that carry a high degree of risk and as a result it is possible to lose all invested capital.
- 6- It is the Client responsibilities to monitor his account. The client has to be diligent and frequently verify the status of the Account. The Client has the right to request from the statements on the Account status and details regarding the overall management of the Account. AFSG will provide the Client access to view his account at any time via his on-line AFSG client portal. AFSG shall make statements available showing the ledger balance, the exact positions in the account, the net profit or loss in all contracts closed for the given period, and the net unrealized profit and loss in all open contracts figured to the market. The Client should carefully review these statements on a daily basis, and if there are any questions or queries, he should contact AFSG within 24 hours after which he is considered to have accepted the information provided.
- 7- The client hereby acknowledges and agrees that AFSG is authorized to deduct from his account and pay to Zulu trade LTD, fees pertaining, but not limited to commission, rebate, performance, management, recommendation, strategies and/or charts.