Hi GA,
Hi GA,
I am very sorry for the losses you have suffered while trading via a money manager who is utilizing our services as a middle-man to the market. However, 4XP is not in control of a money manager’s decisions, and therefore cannot assume responsibility for losses incurred due to decisions made by the money manager while trading on your behalf.
I would like to refer to sections 4 and 5 from the terms and conditions contract that relate to this aspect:
4. Client represents that it has carefully read and understood the Risk Disclosure Statement of the
Company attached hereto.
5. Money management may be performed by external Money Managers on behalf of the Company, without derogating from the Company's obligations towards Client.
Also, please refer to the following paragraph from the terms and conditions contract:
Companies do not and cannot guarantee any minimum yield or return in Client's Account.
Client acknowledges that Client may lose all its funds in the Account and in some circumstances even more, as result of trading.
Client acknowledges trading Forex and other OTC's is considered highly speculative and risky and is suitable only for Clients who (a) understand and are willing to assume the financial risks involved, and (b) are financially able to assume losses. (c) Trading Instrument Transactions are not an appropriate investment for retirement funds.
Client acknowledges that Company and/or money managers or other delegates of the Company, shall not be liable for any losses, damages, costs or expenses, caused, directly or indirectly, including but not limited to any breakdown or failure of any transmission or communication system or computer facility or trading software, whether belonging to Company, Client, any market, any settlement or clearing system and/or any Liquidity Provider.
Due to the risk involved, 4XP has always made it a point to state this clearly and openly before allowing a client to utilize 3rd party money managers that work with us. This has been stated explicitly and repeatedly to ensure that clients are fully aware of the risks, and requires the client’s signature as verification that this has been understood beyond any measure of doubt.
4XP offers many a wide variety of different investment options, including classic accounts, ECN accounts and binary options, all of which offer a more hands-on approach that may be more suitable. Furthermore, 4XP College provides a complete learning package that details each and every step of the trading process in great detail.
Please let me know if you are interested and I will make sure an account manager contacts you with more information.
Sincerely,
Jayden Hamilton