Introduction

This Copy Trading Participation and Disclosure Agreement (“The Agreement”) governs the use of the Copy Trading Service. Please note that AFS Global Limited (“amana”) exclusively provides the technology necessary to facilitate the automatic copying and execution of trades. David Floyd ("Provider" or "David Floyd's Trading Signals") generates the trading signals (buy/sell, open/close), and the technology provided by amana automatically copies and executes the trading signals to a trading position in the trading account of the Clients (the “Users”).

By accessing or using the Copy Trading Service and the trading signals generated by David Floyd, Users agree to be bound by the terms and conditions set forth by both amana and the Provider.

Users may access David Floyd’s Copy Trading Service terms and conditions at the following link: Aspen Trading Group

If you, as a User, do not agree with these terms and conditions, you must refrain from using the service

1. Description of the Copy Trading Service

The Copy Trading Service allows the Users to automatically execute the trades generated by the trading signals Provider in real-time on their own trading account. amana supports the third-party technology needed to copy trade the trading signals provided by David Floyd, but only if the Users choose to opt into copying the trading signals.

By using this service, the Users acknowledge that amana is not responsible for the trades or strategies made by David Floyd. amana does not control, endorse, or warrant the accuracy, reliability, or appropriateness of any trading decisions made based on the trading signals from David Floyd. amana strongly recommends that the Users independently assess the risks and performance of David Floyd before signing up and following the trading signals.

2. Use of Third-Party Providers

• Providers: David Floyd’s Trading Signals. The trading signals are provided exclusively by David Floyd, and amana does not generate, monitor, or control any trading strategies, decisions, or activities of this third-party Provider.
• No Endorsement or Guarantee of Performance: amana makes no representations or warranties regarding the accuracy or effectiveness of any trading signals or strategies generated by David Floyd’s trading signals. The User acknowledge that reliance on past trading data or decisions from this third-party Provider does not guarantee future results, and past performance may not be indicative of future performance.
• Third-Party Risks: The Users acknowledge that relying on the Provider’s Trading Signals is done entirely at their own risk. amana does not control or endorse the actions of the Provider.

3. Risks Involved in Copy Trading

• Significant Risk of Loss: Copy trading involves significant risk, including the potential loss of capital. The Users acknowledge that reliance on historical trading data or decisions made by the David Floyd does not guarantee future performance, and that there is no assurance that the Users will not incur losses, including potentially substantial losses.
• No Guarantees of Profit: amana makes no guarantees or assurances regarding returns on investments or profits generated through copy trading. All investments carry risks, and Users understand that there are no guaranteed outcomes in any trading strategy. Users may incur losses, potentially substantial, by using the copy trading services.
• Independent Assessment of Risks: By using the Copy Trading Service, the Users acknowledge that they have independently assessed the risks involved, have considered their entire financial situation (including any financial commitments), and have voluntarily chosen to copy the trades of the Provider. amana is not responsible for evaluating the suitability of specific trading strategies for individual users.

4. Liability Limitations

• No Liability for Losses or Damages: Neither amana nor any of its officers, directors, or employees will be held liable for any direct, indirect, incidental, or consequential damages resulting from the use of the Copy Trading Service. This includes, but is not limited to, any financial losses arising from copied trades, delays in execution, or reliance on third-party Providers.
• Technical Issues and Delays: Due to factors such as market volatility, network latency, or other technical limitations, users may experience delays in the execution of copied trades. amana is not responsible for any discrepancies or losses arising from such delays.

5. Tax Obligations

Users are solely responsible for assessing and managing any tax obligations arising from the use of the Copy Trading Service. amana does not provide tax advice and is not liable for any tax consequences resulting from copy trading activities. Users should consult with a tax professional regarding their individual tax situation.

6. Platform Usage and Disclaimers

• Platform Only, No Trading Strategy Control: It is agreed that amana only provides the platform for facilitating the use of David Floyd’s Copy Trading Service and does not generate, advise on, or control the trading strategy, decisions, or activities of the Provider. amana does not screen or monitor any trading data or strategies of the Provider and does not guarantee the success or performance of any trades made by the Provider.
• No Advice or Endorsement of Providers: amana does not endorse, approve, or recommend the Provider. Users should conduct their own research and carefully assess the Provider’s risk profile, historical performance, and other relevant factors before choosing to copy any trades.

7. Fees and Charges

The User acknowledges that the use of the Copy Trading Service involves the following charges:

1. Monthly Charge: A fixed fee of $8 will be charged on a monthly basis for the services provided.
2. Performance Fee: A performance fee of 20% will be charged on any profits generated on the User trading account, calculated on a high-water mark basis. Performance fees are charged on Monthly basis and collected up to and including the last day of the calendar month.

Fees and charges will be automatically deducted from the User account without prior notice.

What is a High-Water Mark?

A high water mark ensures that the performance fee is only applied to new profits. If the value of the account drops below its previous peak, no performance fee will be charged until the account value exceeds its highest level reached. In other words, the fee is based on the highest value your account has reached, and the fee will only be applied to the profits made once the account exceeds that highest point again.

The Provider reserves the right to modify these fees at any time. Any changes to fees will be communicated to the Clients in accordance with applicable regulations.

8. Suspension or Termination of Service

• Right to Modify or Suspend Service: amana reserves the right to modify, suspend, or terminate a User registration to the Copy Trading Service at any time, without prior notice. Users agree that amana is not liable for any disruptions, interruptions, or changes to the services provided by David Floyd.
• Termination of User Access: Users may stop using the service or cease copying trades at any time. However, any open trades will be managed in accordance with the Provider's policies until they are closed or terminated by the Users.

9. Amendments to These Terms

amana reserves the right to amend, update, or modify the Terms and Conditions of this Copy Trading Participation and Disclosure Agreement at any time. All changes will be communicated to users via email or through notifications on the platform. Continued use of the service after such amendments will constitute the Users acceptance of the updated Terms.

10. Governing Law

These Terms and Conditions shall be governed by and construed in accordance with the laws of Labuan, Malaysia, without regard to its conflict of law principles.

11. Contact Information

For any questions or concerns regarding this Copy Trading Participation and Disclosure Agreement, please contact us at:

[email protected]
+971 4 276 9525

12. Acknowledgment

By using the Copy Trading Service, you acknowledge that you have read, understood, and agree to these Terms and Conditions, including the risks involved in copy trading and the disclaimers related to third-party Providers and the platform's role.

Amana
amana website link