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Copy Trading Agreement

This Copy Trading Agreement governs your use of the copy trading services provided by DB Finser. By activating copy trading on your account, you agree to be bound by the terms set out in this agreement.

1. Definitions

In this Agreement the following terms shall have the meanings set out below:

  • "Copy Trading" means the service that allows you to automatically replicate the trades of a selected strategy provider in your own account.
  • "Copier" means a client of DB Finser who uses the copy trading feature to replicate trades from a strategy provider.
  • "Strategy Provider" means a trader whose trades are made available for other clients to copy.
  • "Allocated Amount" means the amount of funds you designate for use in copy trading.
  • "Performance Fee" means any fee charged by a strategy provider based on profits generated in your account.

2. Nature of Copy Trading

Copy trading is an automated service that replicates the trades of a selected strategy provider in your account proportionally to your allocated amount. It is important to understand that:

  • Copy trading does not constitute investment advice from DB Finser
  • DB Finser does not endorse, recommend or guarantee the performance of any strategy provider
  • Past performance of any strategy provider is not indicative of future results
  • You remain solely responsible for all trading activity in your account
  • You may lose some or all of your allocated capital

Copy trading carries a high level of risk. You should only allocate funds you can afford to lose. The performance of strategy providers can change significantly and without notice.

3. Becoming a Copier

3.1 Eligibility

To use the copy trading service as a copier, you must:

  • Have a verified and active trading account with DB Finser
  • Have sufficient funds in your account to meet the minimum allocation requirements
  • Have read and accepted this Copy Trading Agreement
  • Acknowledge and accept the risks involved in copy trading

3.2 Selecting a Strategy Provider

When selecting a strategy provider to copy, you should carefully review:

  • Their trading history and performance statistics
  • Their risk level and drawdown history
  • Their trading strategy and instruments traded
  • Any applicable performance fees
  • Their trading frequency and activity levels

4. Allocated Amount and Proportional Copying

4.1 Minimum Allocation

A minimum allocated amount is required to activate copy trading. The minimum allocation amount is displayed in the copy trading section of your client portal and may vary by strategy provider.

4.2 Proportional Trade Replication

Trades are replicated in your account proportionally based on your allocated amount relative to the strategy provider's account size. This means:

  • Your trade sizes will be proportional to the strategy provider's trades
  • Your profits and losses will reflect this proportional relationship
  • Due to minimum trade size requirements, some trades may not be replicated exactly

5. Fees and Charges

5.1 Performance Fees

Some strategy providers may charge a performance fee based on profits generated in your account. Performance fees, where applicable, are displayed clearly before you begin copying a strategy provider. By selecting a strategy provider with a performance fee, you agree to pay that fee in accordance with the terms specified.

5.2 Spread and Trading Costs

Standard trading costs including spreads apply to all copy trades executed in your account, in the same manner as manual trades. These costs are separate from any performance fees charged by strategy providers.

6. Stopping Copy Trading

6.1 Pausing or Stopping

You may pause or stop copying a strategy provider at any time through your client portal. When you stop copying:

  • No new trades from the strategy provider will be replicated in your account
  • Existing open positions copied from that provider will remain open unless you close them manually
  • Your allocated funds will be returned to your available balance

6.2 Automatic Termination

Copy trading may be automatically terminated if your account balance falls below the required minimum allocation, if the strategy provider's account is closed or suspended, or if DB Finser discontinues the copy trading service.

7. Strategy Provider Terms

7.1 Becoming a Strategy Provider

Clients who wish to become strategy providers must apply through DB Finser and meet the eligibility criteria set by DB Finser. Acceptance as a strategy provider is at the sole discretion of DB Finser.

7.2 Strategy Provider Obligations

As a strategy provider, you agree to:

  • Trade your own account in good faith and in accordance with your stated strategy
  • Not engage in any form of market manipulation or abusive trading practices
  • Not deliberately trade in a manner intended to generate performance fees without genuine trading intent
  • Disclose any material changes to your trading strategy
  • Accept that DB Finser may remove you as a strategy provider at any time

8. Risks of Copy Trading

You acknowledge and accept the following risks associated with copy trading:

  • Strategy providers may change their trading strategy without notice
  • Past performance of strategy providers is not indicative of future results
  • Market conditions may cause copy trades to be executed at different prices than the strategy provider's trades
  • You may lose your entire allocated amount
  • Technical issues may cause delays or failures in trade replication
  • Strategy providers may experience drawdowns that affect your account

9. Liability

DB Finser shall not be liable for:

  • Trading losses incurred as a result of copying any strategy provider
  • The trading decisions or strategies employed by strategy providers
  • Losses resulting from technical failures in the copy trading system
  • Differences in execution prices between your account and the strategy provider's account
  • Any claims arising from the performance or conduct of strategy providers

10. Amendments

DB Finser reserves the right to amend this Copy Trading Agreement at any time. We will notify you of material changes by email or through a notice on our platform. Your continued use of the copy trading service following notification of changes constitutes acceptance of the amended agreement.

11. Contact Us

If you have any questions about this Copy Trading Agreement, please contact us.