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Terms & Conditions

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CLIENT AGREEMENT (Terms & Conditions)

  1. This Agreement is made between ALCOR WEALTH PLUS and _________________________________ (hereinafter referred to as “Customer”) this ___ day of ______________, 20_.

  2. Client should read the agreement carefully, understand and agree with the terms and conditions before he/she enters a contractual relationship with us.

  3. Here, the customer desires and is permitted to engage in speculative trading in over-the-counter foreign exchange (currencies) on a cash, spot, or forward basis (“Foreign Exchange”).

  4. A customer represents that he/she has speculative capital for the principal purpose of trading in Forex market and has been informed and is fully cognizant of the possible high risks associated with such investments.

  5. COMPANY DETAILS –

  6. About us - ALCOR WEALTH PLUS is pioneer as fund management consultancy to provide satisfactory services and superior investment return. With the passage of time, the company has revolutionized currencies, commodities, and world indices trading. We are the leading Forex Fund Management Consultant who has grown up the business by customized technology and personal services tailored to all the FX Investment seekers.

  7. As used in this Agreement, “Forex Transaction” shall mean any transaction involving the purchase and sale of foreign currencies, metals, and indices for spot/forward delivery/currency option in the inter-bank market.

  8. A Customer desires to have advisors/Fx experts to direct transactions as well as investment decisions on behalf of them involving the purchase and sale of foreign currencies for spot or forward delivery and currency options subject to the terms and conditions set forth herein.

  9. Now therefore, in consideration of the above presentation, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

  10. Customer’s live Trading Account - Customer will open a Foreign Exchange trading account with ALCOR WEALTH PLUS’s Partner Brokers with an initial deposit of USD at least 1000$ or more.

  11. The initial deposit, all subsequent deposits to and withdrawals from the Account, and all transactions effected in the Account shall be subject to this Foreign Exchange Management Agreement.

  12. Customer may add to the bonus balance of the Account at any time as when our Partner Broker offers.

  13. Customer authorizes ALCOR WEALTH PLUS to execute Forex trading on behalf of the Account for Forex Transactions. Further, Customer authorizes ALCOR WEALTH PLUS, in ALCOR WEALTH PLUS ’s sole discretion, to retain (and dismiss) one or more sub-advisors to place orders for Forex Transactions with ALCOR WEALTH PLUS in the name of and for the sole account and risk of the Customer.

  14. Customer agrees to give ALCOR WEALTH PLUS at least 36 hours prior written notice before deallocating any funds from the Account and 72 hours prior written notice before withdrawing funds from the Account so that we can close all open trades in client’s favour.

  15. All provisions of the Customer Agreement between ALCOR WEALTH PLUS and Customer shall remain in full force and effect and shall control.

  16. Customer agrees to provide Power of Attorney with ALCOR WEALTH PLUS authorizing company or the Sub-Advisors the authority to transact Foreign Transactions in Customer’s account. (If Required by Broker Partner in their format)

  17. ALCOR WEALTH PLUS shall have discretionary authority to make all trading decisions for the Account, without prior consultation with Customer and without prior notice to or approval from Customer with respect to such trading decision.

  18. Customer will strictly be restricted to enter any orders in the Account.

  19. A Sub-Advisor shall have the power and authority to issue instructions to purchase or sell foreign currency.

  20. ALCOR WEALTH PLUS and/or the Sub-Advisors may use stop-loss orders; however, in the event that a stop-loss order is placed, there can be no assurance that the stop-loss order will protect the Account against losses.

  21. In managing the Account, ALCOR WEALTH PLUS agrees to use its best judgment and efforts for the Customer’s benefit.

  22. ALCOR WEALTH PLUS shall furnish to the Customer daily, weekly & monthly reports detailing the Assets under Management in the Account and the Trading Profits experienced by the Assets under Management. ALCOR WEALTH PLUS shall furnish real time monitoring on Windows/iPhone/Android device.

  23. ALCOR WEALTH PLUS shall be paid a monthly management fees of 30 percent per month of the PROFIT generated on Assets Under Management, as of the close of business on the last day of each calendar month, without reduction of the Assets under Management for any distributions, withdrawals, or performance fees accrued or payable as of such date, but after reduction for all transaction costs and directly related expenses (such as delivery charges) paid or payable by the Customer in connection with the Sub-Advisors’ trading for the Customer.

  24. ALCOR WEALTH PLUS shall be paid a monthly management fees of 25 percent per month if client holds account under IB (Introducing Broker) of the Assets under Management, as of the close of business on the last day of each calendar month, without reduction of the Assets under Management for any distributions, withdrawals, or performance fees accrued or payable as of such date, but after reduction for all transaction costs and directly related expenses (such as delivery charges) paid or payable by the Customer in connection with the Sub-Advisors’ trading for the Customer.

  25. This management fee is payable ONLY WHEN the Advisor/Sub-Advisors’ trading for the Customer is profitable.

  26. If this Agreement is terminated on a date other than a month-end, the management fee described above shall be determined as if such date were the end of a month, but such fees shall be prorated based on the ratio by which the number of days in the month through the date of termination bears to the total number of days in the month. (Average Per Day Profit X Total Trading Days on Month)

  27. ALCOR WEALTH PLUS shall receive a monthly performance fee of Per Cent of the Trading Profits experienced by each Sub-Advisor calculated for each month as set forth below. The term “Trading Profits” shall mean (A) Forex Transaction trading profits (realized and unrealized) net of losses (realized and unrealized) earned on the Assets under Management.

  28. The Customer acknowledges that the performance fees are calculated separately on the basis of each Sub-Advisor’s trading performance and that fees may be payable even if the Assets under Management on an aggregate basis have not realized any Trading Profits.

  29. At any time upon a withdrawal from asset under management other than at the end of a month, ALCOR WEALTH PLUS will receive any accrued performance fee proportional to the amount of assets so withdrawn. (Average Per Day Profit X Total Trading Days on Month X Initial Balance/Closing Balance)

  30. For purposes of determining Trading Profits, if there is a cumulative loss when a withdrawal is made from the Assets under Management, such loss shall be reduced by the proportionate amount of the loss attributable to the Assets under Management being withdrawn from the fees payable with the percentage shared to us.

  31. Performance fees, once paid, are not subject to return, respective of subsequent losses. No subsequent payment based on Trading Profits shall be made to ALCOR WEALTH PLUS, however, until the Assets under Management have again experienced Trading Profits.

  32. All Forex Transactions directed by the Sub-Advisors hereunder shall be in the name and for the account and risk of the Customer only.

  33. The Customer understands and acknowledges that Forex Transactions involve conflicts and a substantial risk of loss due to, among other factors, the fact that such transactions are executed through our Partner Broker and ALCOR WEALTH PLUS acting as a Execution Consultant; that Forex Transactions generally are not regulated by banking authorities; that trading in Forex Transactions may be highly illiquid and an unusually wide spread may exist between the price at which a counterparty is willing to purchase and sell particular foreign currencies; and that credit controls may be imposed by governmental authorities or other actions taken by governmental authorities which may significantly increase the risk of loss to the Customer or affect the ability of any party to fulfil its obligations to the Customer.

  34. The Customer further acknowledges that ALCOR WEALTH PLUS makes no guarantee whatsoever that the Forex Transactions contemplated hereunder will be profitable or will not result in losses.

  35. ALCOR WEALTH PLUS has the power to execute and deliver this Agreement and any other documentation relating to this agreement and to perform its obligations under this Agreement and has taken all necessary action to authorize such execution, delivery and performance. Such execution, delivery and performance do not violate or conflict with any law applicable to ALCOR WEALTH PLUS, the constitutional documents of ALCOR WEALTH PLUS, any order or judgment of any court or other governmental agency, or any contractual restriction binding on or affecting ALCOR WEALTH PLUS.

  36. The Customer is aware of the highly speculative nature and risks of loss inherent in, Forex Transactions and is financially capable of engaging in such trading. The Customer has significant additional assets beyond the value of the Account and any funds that may in the future be committed to the Account.

  37. Further, Customer represents and warrants that he is financially able to accept the risks of Forex Transactions and to bear the loss of the funds deposited in the Account.

  38. The Customer acknowledges that, he/she and not the ALCOR WEALTH PLUS or sub-advisors, is responsible for making any and all margin payments and paying all commissions and other fees, costs, and expenses charged to the Account.

  39. The Customer acknowledges that any losses from the transactions in the Account are the sole responsibility of Customer and not the ALCOR WEALTH PLUS or the sub advisors.

  40. The Customer acknowledges that the ALCOR WEALTH PLUS makes no guarantee or representation that the Account will be profitable only.

  41. The Customer, if an entity, is duly formed under the laws of the jurisdiction in which it is organized.

  42. The Customer, if an individual, is of legal age to be bound by this Agreement and is legally competent, and that no other person has, or will have as a result of any action of Customer, any interest in or right to the Account, except as fully disclosed to ALCOR WEALTH PLUS in the Account Agreement.

  43. The Customer has the power to execute and deliver this Agreement and any other documentation relating to this Agreement and to perform its obligations under this Agreement and has taken all necessary action to authorize such execution, delivery, and performance. Such execution, delivery and performance do not violate or conflict with any law applicable to the Customer, the constitutional documents (if any) of the Customer, any order or judgment of any court or other governmental agency, or any contractual restriction binding on or affecting the Customer.

  44. All governmental and other consents that are required to have been obtained by the Customer with respect to this Agreement have been obtained and are in full force and effect.

  45. The Customer warrants that funds being deposited and traded have not originated from any illegal activity.

  46. The Customer acknowledges that ALCOR WEALTH PLUS is not qualified to give, and has not given, any advice with respect to the tax treatment of profits or losses in the Account.

  47. ALCOR WEALTH PLUS is an independent contractor and this Agreement shall not be deemed to establish a joint venture between the ALCOR WEALTH PLUS and the Customer and nothing herein contained shall be construed as creating a general partnership or other similar relationship or as authorizing any party to act as general agent or to enter into any contract or other agreement on behalf of any other party except as otherwise expressly provided herein.

  48. The ALCOR WEALTH PLUS shall not be liable to Customer or to any third party except by reason of acts that constitute gross negligence, bad faith or intent to defraud.

  49. Customer will indemnify, hold harmless, and defend ALCOR WEALTH PLUS and its employees, officers, shareholders, affiliates and agents, from and against any liability, loss cost, damage, or expense (including attorney’s fees) and any amount paid in settlement thereof to which any of them may become subject to in acting pursuant to or in furtherance of this agreement or in connection with any transaction for the Account.

  50. Either party may terminate this Agreement at any time upon at least 7 business days’ prior written notice to the other. Upon receipt of a notice of termination from the Customer, or if ALCOR WEALTH PLUS gives notice of termination to the Customer, ALCOR WEALTH PLUS shall work with the Customer in good faith to use its best efforts to assure to the extent practicable that there is an orderly wind-down of positions in the Account.

  51. Once notice of termination is received; ALCOR WEALTH PLUS shall liquidate all Account positions as promptly as practical & in benefit of customer.

  52. All notices or other communications shall be in writing and shall be delivered personally or sent by air courier, fax or registered mail, return receipt requested and shall be effective when delivered personally on the day delivered, or when given by fax or by registered or certified mail on the day of receipt.

  53. None of the provisions of this agreement may be amended or waived except by a written instrument duly executed by the party to be charged therewith. No waiver of any right or remedy or any breach of or default under any provision of this Agreement shall constitute a waiver of any other right or remedy for any breach of or default under any other provision or of any other breach of or default under the same provision.

  54. ALCOR WEALTH PLUS presents business that includes managing accounts for investors in Forex transactions and providing advice on Forex Transactions, and ALCOR WEALTH PLUS will be managing accounts for other clients during the same period that it is managing the Account.

  55. ALCOR WEALTH PLUS services provided hereunder are not exclusive, its principals and affiliates shall be free to render similar services to others, and to manage other clients’ accounts and to use the same or other information, trading programs or formulae and trading strategies which they obtain, produce or utilize in the performance of services for the Customer.

  56. The Customer recognizes that the results obtained by ALCOR WEALTH PLUS from time to time for such other accounts may be more favourable than the results obtained for the Customer.

  57. The Customer acknowledges that ALCOR WEALTH PLUS may charge fees for its services for other accounts different from those charged to the Customer and that trading for accounts other than the Customer’s Account may increase the level or competition with respect to Forex Transactions.

  58. The Customer acknowledges that the advice given by ALCOR WEALTH PLUS is the confidential property of ALCOR WEALTH PLUS, and the Customer will not disclose the same to third parties.

  59. The Customer will use any such confidential information solely to monitor ALCOR WEALTH PLUS ’s performance on behalf of the Customer.

  60. Nothing in this Agreement shall require ALCOR WEALTH PLUS to disclose the details of its trading systems and strategies.

  61. No provision of this Agreement may be waived or amended unless the waiver or amendment is in writing and signed by both Customer and an authorized officer of ALCOR WEALTH PLUS.

  62. No oral agreements or instructions to the contrary shall be recognized or enforceable. This instrument and the attachments hereto embody the entire agreement of the parties, superseding any and all prior written and oral agreements and there are no other terms, conditions or obligations other than those contained herein.

  63. Whenever necessary in this Agreement and where the context admits, the singular term and related pronoun shall include the plural and vice-versa, and the masculine and neuter terms shall be interchangeable.

  64. The section headings contained herein are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement.

  65. Any captions appearing in this Agreement are inserted as a matter of convenience and for reference only and shall not define, limit, or describe the scope and intent of this agreement or any of the provisions thereof.

  66. This Agreement may be executed in counterparts, each of which shall constitute an original and all of which, when taken together, shall constitute one agreement.

  67. The parties agree that this Agreement shall not be deemed to have been accepted by ALCOR WEALTH PLUS or become a binding contract between Customer and ALCOR WEALTH PLUS until approved at ALCOR WEALTH PLUS ’s main office and signed by ALCOR WEALTH PLUS’s authorized representative.

  68. IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered as of the date first above written.

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