GENERAL INFORMATION
The website “www.myforexfive.com” and all other associated applications, and services (“Website”) are property of MYFOREXFIVE COMPANY LTD
All information, tools and services made available shall hereinafter collectively be referred to as the “Services”.
“Users” shall mean anyone who uses or accesses the Website/ Services /Platform on any computer, mobile phone, tablet, console or any other device
USE OF SITE
By accessing the content/service of the Website, you accept to be bound by the terms and conditions set out herein and acknowledge that you have read and understood our Terms and Conditions.
If you object to any of the terms and conditions set out in this agreement you should not use any of the products or Services on the Website and leave immediately. You agree that you shall not use the Website or Services for illegal purposes and that you shall respect all applicable laws and regulations with respect to the usage of Website or Services.
You agree not to use the Website in a way that may impair the performance, corrupt the content or otherwise reduce the overall functionality of the Website.
The Company may interrupt the service of the Websites being used by the user and immediately terminate the relationship with the user if it detects a use of the Websites or any of the services offered therein that may be considered contrary to what is expressed in these Terms of Use.
The Company reserve the right to update or modify these T&C at any time without prior notice. Your access of the Website and use of the Services following any such change constitutes your agreement to follow and be bound by these T&C, as updated, or modified. We encourage you to review these T&C each time you access and use the Services.
This Company does not give any financial advice and any information here on website (www.myforexfive.com) is just for educational purposes and does not provide any investment services or any financial advisor.
The Company does not guarantee that the contents are accurate or error-free or that the user's free use of them will not infringe upon the rights of third parties. The proper or improper use of this page and its contents is the responsibility of the user.
The reproduction, retransmission, copying, transfer, or redistribution, in whole or in part, of the information contained on the Page, regardless of its purpose and the means used for it, is prohibited without prior authorization from the Company. We are the copyright owner of all the content on this website.
THIRD PARTIES
The Website may contain hyperlinks to websites operated by other parties. We do not control such websites and we take no responsibility for, and will not incur any liability in respect of, their content. Our inclusion of hyperlinks to such websites does not imply any endorsement of views, statements or information contained in such websites.
You acknowledge and agree that myforexfive.com is not responsible or liable for any loss or damage of any kind incurred as a result of any such dealings with third parties.
GOVERNING AND JURISDICTION
These T&C are governed and construed in accordance with the laws of United Republic of Tanzania. For any type of controversy arising from the use of the services offered or the content of the Websites, the parties, by accepting the clauses established in these Terms of Use, shall submit to the competent Courts of United Republic of Tanzania.
COLLECTION OF INFORMATION
When you register for an Account, we may ask for your contact information, including items such as name, address, email address, and telephone number.
If you contact us directly, we may receive additional information about you such as your name, email address, phone number, the contents of the message and/or attachments you may send us, and any other information you may choose to provide.
PURPOSE OF DATA PROCESSING
We use the information we collect in various ways, including:
DATA PROTECTION
We take the security of your personal information very seriously and have implemented measures to protect against unauthorized access, alteration, or disclosure.
Notwithstanding anything to the contrary, myForexFive.com shall not be held responsible for any loss, damage or misuse of the Information caused to the User, if such loss, damage or misuse is attributable to an event beyond the control of or attributable to myForexFive.com
By using our services, you acknowledge that no method of transmission over the internet or electronic storage is 100% secure, and you agree to assume any risk associated with the security of your personal information.
RISK DISCLOSURE
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade foreign exchange or stocks, you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
ADVERTISER DISCLOSURE
This website is intended for educational purposes only. The Company does not provide personalized investment recommendations, investment advice, tax services/advice, or other financial advice. Therefore, any information, reference, or performance provided by the website should not be construed as investment advice.
COPY TRADING SERVICE
“Copy trading” is a type of social investing that allows investors to automatically replicate the trades of experienced and skilled forex traders. This enables less experienced forex investors to benefit from professional expertise without having to spend extensive time on investment decisions.
“Copier” or “You” refers to the trader who copies the trade from the signal provider under the copy trading service. The terms “copier” and “you” are used interchangeably in these terms and conditions.
“Signal provider” refers to the lead trader whose trades are allowed to be copied by the copiers under the copy trading service. The word "signal provider" are used interchangeably in these terms and conditions to represent myforexfive Ltd.
Copy trading service are associated with inherent risks whereas you are encouraged to consider your financial position and risk appetite before you decide to join this service. You should take into consideration that copy trading can lead to significant losses. Hence, you are encouraged to consider your trading decision and whether you can afford to lose your invested capital by conducting your research prior to taking any investment decision. Past performance should not be considered indicative of future results. References to past risk scores, statistics, or any other data regarding signal provider do not guarantee future outcomes.
Once you copy a signal provider then positions will be opened/copied bearing the same stop loss/take profit amounts as well as leverage, to the best possible extent whereas any trades attempted to be copied without sufficient funds will not be opened/copied. You should take into consideration that once you copy a signal provider, the positions will be opened and/or closed automatically without further notice and/or intervention which may lead to both profits and/or losses. The Company is not responsible for any losses which may be incurred as a result of copy trading.
If you are looking for a get rich quick overnight scheme, this is not a right place for you. But if you are committed to long term goals and have what it takes to succeed as a trader, then we shall welcome you to join our copy trading service.
COPY TRADING PROFIT SHARING
The copier agrees to compensate signal provider for the provision of copy trading services offered, based on a profit-sharing model that the company designs to ensure fair and competitive profit sharing.
Signal provider (myforexfive) charge a performance fee, which is 30% (percent) of the profits you make by copying provider trades. For example, if you make $1000 in profits, you'll pay $300 as the performance fee. The performance fee is only applicable when signal provider generates a profit from the trades copied by the copier and performance fee calculated based on the profit-sharing ratio, will be withdrawn from the copier’s account, and paid to the copied signal provider automatically.
Signal provider may change the profit-sharing ratio at any time without prior notice; however, the change does not affect the percentage amount due under any existing copied trades with the signal provider. Once a trade has been successfully copied from a signal provider, the profit-sharing ratio is set, fixed and unalterable.
Copier is allowed to deposit and/or withdraw while holding open position(s) with signal provider. The amount eligible for withdrawal is subject to the maximum allowable deduction after taking account of the payable fees and margin level.
The profit-sharing ratio is only applicable when signal provider generates a profit from the trades copied by the copier. In event of losses, copier will not be compensated.
By accepting and joining copy trading service, you agree to the terms outlined in addition to the general Terms and Conditions above and acknowledge that you have read, understood, and accepted the associated risks and disclaimers.