1. General provisions.
1.1 The PAMM-agreement together with the Client Agreement and all other documents published on the official website of the Company determine the terms and conditions for the PAMM services provision. To gain access to the PAMM-service, full consent and understanding of all documents published on the Company’s website is required. The Customer’s registration on the Company’s official website is considered an official confirmation that all documents have been read, understood and accepted. The terms of the PAMM-agreement are considered unconditionally accepted by the Client after the Client confirms its registration at MY.LUCKY.TRADING.
1.2 The PAMM-service is designed for investment funds of the Investor to be controlled by the Manager. The PAMM-account unites investors’ Investment Account and the Manager’s trading account into a single unified trading account managed by the Manager. the Manager performs trading operations taking into account the interests of the Investor. the Investor chooses the Manager at his own risk based on the Offer and conditions of the Managers. The Company does not provide recommendations on accepting or rejecting the Offer and and does not bear any responsibility for decisions made by the Investor or the Manager.
1.3 Only the Manager can carry out trading operations on the Investment Account.
1.4 the Manager is an agent of the Investor in relation to the Investment Account and does not provide trust management of the Investor’s funds. Any claims by Investors regarding the failure of the Investor to make recommendations should be rejected by the Company.
1.5 Investors choose a PAMM-account for investment of funds at their own discretion on the basis of the offer of the Manager. Any claims against the Company on behalf of the Investors related to the level of the legal and professional competence of the Managers are rejected.
1.6 Only the Manager can file complaints to the Company related to the failure or
improper performance of any obligations related to trading operations on the Investment Account.
1.7 By accepting this Agreement, the Investor confirms that he understands and accepts all risks in the foreign exchange market. The Company hereby declares to Investors that the Company does not guarantee a profit. Positive trade results in the past do not guarantee positive results of trade in the future.
1.8 All calculations on the PAMM-accounts, as well as on Investment Accounts, as well as on the transfer of all types of income to the Manager and Partners of the Manager are carried out by the Company.
1.9 Only an Investor can deposit / withdraw funds from / to the Investment Account.
1.10 All transfers of funds between the Investor’s Personal Accounts and PAMM-accounts are made solely on the basis of Investors’ own requests. Neither the Manager nor the company can influence the Investors’ decision regarding the inflow or outflow of funds.
1.11 The Company retains the confidentiality of the personal information of Investors, Managers and Partners and does not disclose it to third parties.
2. Rules for creating a PAMM-account
2.1 By creating a PAMM-account, the Manager confirms that he accepts all the conditions specified in this PAMM Agreement, as well as in all other documents published on the Company’s official website;
2.2 To create a PAMM-Account, the Manager is obliged:
a) Register on the LUCKY.TRADING website;
b) Fully verify its Personal Profile information;
c) Create a PAMM-account;
d) Deposit the PAMM-account in the amount not less than the minimum initial amount for activating the Manager’s PAMM-account, which is equal to 5000 US dollars.
2.3 Failure to comply with any of the above requirements will result in the refusal to create a PAMM-account.
2.4 When creating a PAMM account, the Manager sets the parameters of the PAMM-account operation.
2.5. Funds for activation of the PAMM-account are considered as the initial deposit of the Manager and withdrawn from the Personal Account of the Manager.
2.6 A new PAMM-account will be displayed in the PAMM-Rating page of the Company’s official website.
2.7 Accepting the Offer of the Manager, the Investor confirms that he accepts all provisions of this PAMM Agreement and recognizes the significance and consequences of his own actions.
3. Rights of the Manager
3.1 The Manager has the right to make trading on the Forex market on the PAMM-accounts.
3.2 The Manager is not allowed to withdraw the initial deposit used to activate the PAMM-account and all additional deposits made after the first Rollover within 3 months from the date of activation of the PAMM-account. All profits and revenue are available for withdrawal to the Manager during the upcoming rollover.
3.3 The Manager can withdraw all funds, including initial and additional deposits, profit and revenue from the PAMM-account, and liquidate the PAMM-account after 6 months from the date of the PAMM account activation.
3.4 the Manager can not in any circumstances refuse the funds contributed by Investors to the PAMM-account.
3.5 the Manager can not influence the calculations of the PAMM-accounts, distribution of profits, deposits / withdrawals or fines. These processes are completely independent of the Manager and the Investors are automatically conducted by the Company.
3.6 the Manager can apply for a change in the rollover period. At the same time, the Manager should indicate the reasons for such changes. The company may refuse to change the rollover account in its own discretion, without explaining the reasons.
3.7 All transfers of funds on PAMM-accounts are considered internal transfers.
3.8 Terms of trading on the PAMM-account fully correspond to the terms of trading on STP account.
3.9 The Manager is not allowed to apply for a change in the rollover period two times in one trading period or within 24 working hours prior or after the rollover. When submitting an application for such changes, the Manager must specify the reason. In this case, the Manager must provide an important reason and a detailed explanation. The company may refuse to change the rollover account in its own discretion, without explaining the reasons.
4. Offer of the PAMM Account Control Parameters for Investors.
4.1. the Manager offers potential investors to open Investment Accounts on the Manager’s PAMM Account. Each proposal consists of a set of parameters that the Company uses to calculate the revenues of the Manager, as well as determines other conditions for opening Investment Accounts on the PAMM-account, as well as the terms of the general Customer Agreement.
4.2 Acceptance or refusal of the Offer by the Investor is a completely voluntary decision of the Investor and does not bind the Manager and the Investor with contractual obligations and under no circumstances results in the conclusion of a contract.
4.3 The offer of the Manager consists of the following parameters:
c) Rollover period;
d) The amount of the minimum investment;
e) Revenue of the Manager;
f) Partner’s revenue;
g) Copy protection period.
4.4 The Manager can not in any case influence the process of depositing/withdrawing investor’s funds from the Managed PAMM Account, which can only be carried out by the Company at the request of the Investors.
5. Funds depositing
5.1 The Manager must apply for the deposit to his/her PAMM Account in his/her Personal Profile at MY.LUCKY.TRADING. The minimum initial deposit amount required to activate the PAMM-account is 5000 of the corresponding account currency.
5.2 The Manager of the PAMM-account must make a deposit to a personal account to activate the PAMM-account after it is created. During the activation of the PAMM-account, the funds will be reserved and transferred from the Personal account of the Manager to the PAMM-account of the Manager.
5.3 The Investor must apply for the deposit to the PAMM-account from a personal profile. The minimum amount required to invest into a particular PAMM-account is established by the Manager of this PAMM-account when it is created.
5.4 Investor’s funds, invested into the PAMM Account for the first time would be reserved when the Investor clicks the “Invest” button. Funds would be transferred from the Investor’s Personal account to the selected PAMM-account upon activation of the PAMM-account or the upcoming rollover(the time and date set by the Manager when creating the PAMM Account), in case the investments is canceled by the administrator, funds are returned to the Investor’s Personal Account.
5.5 All other additional funds contributed by the Manager and investments added by the Investor would be reserved immediately and transferred to the PAMM-account at the upcoming rollover, if the administrator confirms the process.
5.6 All funds invested into the PAMM-account by Investors would be debited from the Investors’ Personal Account and credited to the PAMM-account.
5.7 Additional funds invested by the Manager on the PAMM-account will be withdrawn from the Personal Account of the Manager and included in the PAMM-account.
6 Withdrawal of funds
6.1 the Manager must apply for withdrawal of funds from the Managed PAMM Account in the Personal Profile on the Company’s website.
6.2 Investors must apply for withdrawal from the Managed PAMM Account in the Personal Profile on the Company’s website.
6.3 the Manager is not allowed to withdraw the initial amount of the deposit that he deposited while creating the PAMM-account and all additional deposits made after the first rollover within 3 months from the date of activation of this PAMM-account. All profits and income are available for output to the Manager during rollovers.
6.4 the Manager can withdraw all funds, including initial and additional deposits, profit and income from the PAMM-account, and liquidate this PAMM-account after 3 months from the date of activation of this PAMM-account.
6.5 the Manager can not at any time refuse the funds contributed by the Investors to the PAMM-account.
6.6 Funds withdrawn from the PAMM-Account by Investors are debited from the PAMM-account and credited to the Investor’s Personal account during the forthcoming rollover, which is established by the PAMM Account Manager.
6.7 Additional funds that can be withdrawn from the PAMM-account by the Manager are debited from the Manager’s PAMM-account and credited to the Personal Account of the Manager during the forthcoming rollover, which is set by the Manager when creating a PAMM-account.
7. Obligations of the Manager, Investor and Partner
7.1 The Manager acknowledges and accepts Forex trading risks and carries out activities on the PAMM-accounts aimed at multiplying the funds of the Manager and Investors. In the event that the Company determines that the Manager does not meet the interests of the Investor, it reserves the right to inform the Clients and / or liquidate the PAMM-account.
7.2 The Manager, Investor and Partner undertake:
a) To be fully responsible for compliance with relevant legislation, including but not limited to legislation relating to the currency, tax and other laws of the country of residence, including full responsibility for the management of Investor accounts;
b) To provide accurate and accurate information when registering on the official website as a Client of the Company and in completing all documents;
c) To fully understand and comprehend the meaning, conditions and provisions of all normative documents;
d) To fully comprehend and accept responsibility for the consequences of their actions in the performance of these Rules.
7.3 In case of violation of the above provisions, the Manager agrees to settle disputes and resolve complaints of third parties as a result of his management of Investors’ accounts at his own expense and using his own authority.
7.4 the Manager, Investors and Partners shall not have the right:
a) to take responsibility on behalf of the Company or to impose any obligations on the Company;
b) Use the trade name and / or trademark;
c) Publish or assist in any publications related to the Company in the mass media, publish or distribute any articles and letters related to the Company, or assist in writing such articles and letters in any newspapers, magazines and other periodicals, Internet blogs and forums without the permission of the Company;
d) To provide any guarantees and / or promises or make any claims regarding any payments on behalf of the Company or using the company name and / or trademark of the Company;
e) To take any other actions that may cause any damage to the Company or make any claims against the Company by third parties.
7.5 In the event of claims or complaints against the Company, as a result of the failure of the Manager to follow these Rules, all losses incurred by the Company must be fully reimbursed by the Manager.
7.6 the Manager must constantly monitor and manage the PAMM-account. The Company reserves the right to ask the Managers for an explanation of the continuous absence of transactions on the relevant PAMM-account (the duration of such period will be determined at the discretion of the Company) and / or liquidate the PAMM-account.
8.1 Rollover is the procedure applied to all PAMM-accounts, during which the profit / loss is distributed between the PAMM-Account Manager and Investors in accordance with the parameters of the PAMM-account that the Manager establishes. Also, requests for deposit and withdrawal of funds are processed during the rollover.
8.2 The periodicity of the rollover procedure is established by the Manager, at its sole discretion, when creating a PAMM-account offer and can last from a few minutes to 24 hours.
8.3 The first Rollover coincides with the activation date of the PAMM account account set by the Manager when creating the PAMM-account. All subsequent rollovers are repeated with the frequency set by the Manager when creating the PAMM-account.
8.4 If a rollover fails as a result of a technical failure, the missed rollover must occur during the next working hours of the bank after the failure has been fixed.
8.5 Each rollover in itself includes:
a) Balance sheet calculations, as well as profit or loss on the PAMM-account;
b) Update of PAMM-account ratings on the Company’s official website;
c) Calculation of the remuneration of the Manager;
d) Calculation of remuneration of Investors;
e) Deposit / withdrawal of profits;
f) Calculation of the Partner’s remuneration;
g) Transfer of funds between the PAMM Account and the Personal Account.
9 Disaggregation of the PAMM-account
9.1 the Manager can withdraw all his funds from the PAMM-account and disband his PAMM-account not earlier than 3 months after the date of creation of this PAMM-account.
9.2 The remaining funds will be transferred to the personal account of the Manager / Investor after the PAMM-account has been disbanded.
9.3 The Company has the discretion to disband any PAMM-account without any explanation to the Manager or Investors.
10 Changes and validity of these Terms
10.1 All provisions of the terms of this PAMM-Agreement shall come into force when the Client creates a PAMM-account or accepts the offer of the Manager in the Personal profile.
10.2 In the event that one or more provisions of this PAMM Agreement become invalid for any reason, they do not affect the operation of any other provision of this PAMM Agreement.
10.3 The Company has the right to change the terms of this PAMM-agreement.
Amendments come into force and the Customer is deemed informed of such changes and agrees to comply with them immediately after publication on the Company’s official website LUCKY.TRADING. Such changes should be applicable to all Clients of the Company without any exceptions.
11. Risks of using PAMM services.
11.1 the Manager of the PAMM-account and the Investors are liable for any losses incurred on the PAMM-account. Their liability is proportional to their share on the PAMM-account.
11.2 In addition to the Risk Warning published on the Company’s official website, there are additional risks to PAMM-accounts, which include, but are not limited to:
– possible losses, unrealized profits, etc., which may arise when investing in a PAMM-account;
– moral prejudices associated with financial losses;
– risk of disbanding of the PAMM-account;
– risk of losses caused by technical difficulties;
– the risk that the Manager does not have the necessary skills, experience and education;
– the risk of attack by hackers, which may lead to the fact that third parties will have access to the trading terminal of the PAMM-account;
– risk of losses associated with violation of trading conditions;
– the risk of delays in obtaining information about changes in this PAMM Agreement or trading conditions;
– risk of misunderstanding of this PAMM-agreement or trading conditions;
– the risk of possible claims of the tax and financial authorities of the jurisdictions in which the Investors or the Governor are located.
11.3 The Company shall in no event be liable for the consequences of risks stated in the clause 11.2 of the present Agreement.