General Conditions for Fund Management service
1 M/s. Forex Foresight may accept accounts for Investment Management that have a minimum of US$ 100,000 & above.
2 Clients may open their Individual accounts with any of their desired Forex Brokers or Banks of their own choice.
3 Client should carefully choose their "Forex Broker" company which provides
"SWAP FREE" account so that the swap interest will not be charged for holding positions
overnight. If not, the client has to bear the interest charges and it will not be
deducted/adjusted from the profits generated by the Fund Manager.
Fund Manager does not recommend any Forex Broker or involve in the choice of the Forex
Broker decided by the clients. Hence, the agreement entered between the Client and Forex
Broker is purely private and not connected with "M/s. FOREX FORESIGHT" and/or the Fund
Manager in any way. Therfore, any type of charges levied by the Forex Broker to the
client, relating to the trades, should be borne/managed by the client.
4 Clients may give the Username and Password (Master password and Investor password in case of Metatrader platforms) to the Investment Manager to operate their respective accounts. Clients should give authorization to have the password changed to the Fund Manager’s choice. This is a necessary step to avoid confusion of any double operations.
5 M/s. Forex Foresight will operate the clients‘ accounts only for the purpose of trading. Other operations relating to their accounts must be done by the clients themselves.
6 M/s. Forex Foresight does not prescribe any fixed period for its clients to withdraw their profit from their accounts. Withdrawal may be done at anytime, but only after closing all the open positions. M/s. Forex Foresight must be given prior intimation of such withdrawals
7 Withdrawal from the account must be made by the clients, only from the profit earned and not from the capital invested.
8 M/s. Forex Foresight will cease trading for its clients, if they withdraw their invested capital, even partially, without prior concurrence from M/s. Forex Foresight. This is just to ensure that their profit does not get whittled down, because of non-availability of adequate funds in their accounts for trading.
9 M/s. Forex Foresight will charge its clients 40% of their total profit yield, towards fees for its Investment management services. The client may give necessary powers to the Forex Broker in order to pay the above fees directly to us, if they pay the fees through the Forex Broker.
10 In some cases, Clients may wish to pay fees to the Fund Manager directly without involving Forex Brokers. In such cases, the Fund Manager shall accept the fees directly from the Clients based on trust. In this scenario, it is imperative that Clients should process the payment expeditiously as they are paying only after availing our services and hence, they shall process the payment in 2 working days maximum. The Fund Manager shall resume the trading only after receiving the fees in full from the Clients.
11 Apart from Investment Management fees, M/s. Forex Foresight does not charge its Clients any type of direct or indirect / hidden charges like commissions, yearly management fees, rebates etc.
12 In the event of loss incurrence, Client may decide, based on their
risk tolerance, to cease the trading of his/her account at any point of time by giving
necessary instructions to the Fund Manager through mail. It is suggested that the client
shall fix the minimum risk tolerance level at 25% of the client's investment. At this
juncture, the client may decide either to stop the business or may choose to continue
to avail the services of the Fund Manager.
If the client wishes to avail our services further past the client's risk tolerance
level,
the Fund Manager shall continue to manage the client's account to make new profits based
on the client's approval and willingness. In this case, the available equity in the
account
will be treated as the new investment. The fees for the new profits generated shall
remain the
same as agreed earlier with the client.
13 Trading goals and analysis made by the Fund Manager may be affected by changes in the general market conditions, global factors and forces affecting the markets, in particular, level of interest rates, various market related factors, trading volumes, settlement periods, transfer procedures, currency exchange rates, foreign investments, changes in government policies, taxation, political, economic and other developments globally etc. The Fund Manager shall not be responsible or liable for losses resulting from the operations of the Account due to the said reasons.
14 The investments made are subject to external risks such as war, natural disasters, policy changes of local / international markets etc., beyond the control of the Fund Manager which affects markets. The Fund Manager shall not be responsible or liable for losses resulting from the operations of the Account due to the said reasons.
15 Markets are famous for sudden, unexpected and wild fluctuations, deceiving trends/movements, adverse reactions to the world financial and fundamental news. The Fund Manager shall not be responsible or liable for losses resulting from the operations of the client's account due to the said reasons.