1. Acceptance & Scope of Agreement
By accessing this website, requesting a prospectus, or executing a Limited Power of Attorney (LPOA) agreement with FX Fund Managers, you (“Client”, “User”, “Investor”) agree to be legally bound by these Terms of Service, along with Our Policy, Disclaimer, and Privacy Statement.
If you do not agree to these terms, you must refrain from utilizing our non-custodial trading management services.
2. Limited Power of Attorney (LPOA) Mandate
Under this Agreement, the Client authorizes FX Fund Managers to act as their non-custodial trading manager via an LPOA authorization or MAM/PAMM account allocation executed with an approved broker.
- Trade Authorization: FX Fund Managers is granted trade execution authority only (opening, adjusting, hedging, and closing foreign exchange positions).
- No Capital Control: Client maintains 100% sole legal and beneficial ownership of all funds residing within their brokerage account. FX Fund Managers possesses ZERO technical or legal ability to initiate deposits, withdrawals, or third-party transfers.
- Broker Relationship: The Client maintains an independent direct contractual relationship with their chosen Tier-1 regulated broker.
Direct Ownership & Control
You may pause, alter, or terminate LPOA trade authorization at any time directly through your broker’s client cabinet without prior notice to FX Fund Managers.
3. Performance Fee & Billing Terms
FX Fund Managers is remunerated strictly on a High-Water Mark (HWM) 80/20 performance fee structure:
- Performance Fee Rate: Client retains 80% of net profits. FX Fund Managers earns a 20% performance fee on net trading profits exceeding the account’s historical High-Water Mark peak.
- High-Water Mark Calculation: Fees are calculated at the end of each billing cycle (calendar month). If the account experiences a net loss, no fee is accrued or paid until the loss is fully recovered and equity sets a new High-Water Mark.
- Settlement Mechanisms: Performance fees are automatically processed by the host broker via MAM/PAMM automated fee split modules or billed directly via invoice according to the signed LPOA schedule.
4. Mandate Termination & Immediate LPOA Revocation
Either party may terminate the trading mandate at any time, with or without cause. The Client may revoke LPOA trading authorization instantly via their broker portal without lock-up periods or early exit penalties.
5. Limitation of Liability & Indemnification
FX Fund Managers, its directors, employees, and quantitative strategists shall not be liable for any trading losses, missed opportunities, or damages arising from normal market risks or third-party broker failures.
6. Governing Law & Dispute Resolution
These Terms of Service shall be governed by and construed in accordance with international commercial standards.
