Power of Attorney for Trading Account Authorization
This Power of Attorney ("POA") is made effective as of [date signed up] between the account or profile holder (the "client") and GFT (the "trading agent" or "company").
- The client acknowledges that the trading account will be opened under GFT or its legal entity umbrella.
- The client acknowledges that the trading account has been or will be generated by Avatrade or any other applicable provider in the future, as designated by GFT, the platform provider, and the liquidity provider.
- The client has established a trading profile with GFT (the "Account") subject to the terms and conditions, including the risk disclosure document, anti-money laundering terms, and privacy policy terms, KYC eligibility Policy, which have been accepted and acknowledged separately.
- The client wishes to appoint the trading agent to execute trading on their behalf, including opening and closing positions in oil and gas instruments (derivatives), agricultural commodities (derivatives), precious metals (derivatives), or any other financial product instrument (derivatives), tradable through an organised exchange, OTC, or non-exchange-traded products, including derivatives instruments, that may be offered by GFT now or in the future, with or without leverage.
- The client authorises the opening of a trading account under the name of the trading agent or under their own name, specifically for trading their funds, subject to the terms and conditions.
- The client agrees to allow the trading agent to move funds to any brokers and liquidity providers with whom they do business, and the same process applies to withdrawals.
- The client hereby authorises and appoints the trading agent as their lawful attorney to trade their account on their behalf, subject to the trading agent's terms and conditions.
- The trading contract is for a minimum six Months, subject to automatic renewal if the client does not provide a termination notification.
- The client acknowledges that the broker and liquidity provider(s) are authorised to follow the instructions of the trading agent regarding the trading account.
- The trading agent may use automated trading systems, and the client acknowledges the associated risks.
- The client accepts the risks associated with computer systems and data feeds, agreeing to hold the trading agent harmless from any losses.
- In exchange for the trading agent's services, the client agrees to pay the trading agent's fees and expenses according to the schedule hereto.
- The client agrees to indemnify and hold harmless the trading agent, its employees, agents, affiliates, successors, assigns, and affiliates from all liabilities arising from trading activities.
- The client agrees that any trading agent-related expenses, indebtedness, and liabilities are their responsibility.
- The client confirms that they have made informed investment decisions and understand the risks involved in trading.
- The client acknowledges that the broker, any liquidity provider, and any platforms or technological provider are not liable for any acts taken or not taken by the trading agent.
- The client acknowledges the high-risk nature of trading and the possibility of significant losses.
- Despite granting the trading agent trading authority, the client acknowledges that the account and any possible fund in it remains theirs and agree to bear sole responsibility.
- The client acknowledges and understands the risks involved in trading commodities, futures, and financial products with leverage which can result into excessive loses including risk of losing all or large portion of trading capital.
- This limited power of attorney (LPOA) may be revoked by written notice after a minimum of Six Months, subject to broker confirmation.
- The broker is not obligated to inquire about the capacity or authority of the trading agent.
- The client and trading agent agree to furnish this POA and schedule to the broker upon execution.
Schedule of Fees
The client agrees to compensate the trading agent based on the agreed fee structure outlined in the Schedule of Fees.
Client Acknowledgment
The client acknowledges that they are not under any obligation or mandatory requirement to sign this document by ticking or clicking on it, or by paper or e-signatory. However, by proceeding with business with GFT, the client signifies their voluntary acceptance of the terms outlined in this Power of Attorney.
Conclusion
By proceeding with business with GFT, the client acknowledges and agrees to the terms outlined in this power of attorney. If the client does not agree, client should leave the site immediately.