This is Power Of Attorney is for trading and sharing a performance fee.
Thereafter referred to as the Attorney, to do all the following trading acts, matters and trading orders/volume like open, close pending and lot size in relation to my trading account(s) and/or all my future trading accounts opened under my/our name with NGEL, unless requested otherwise, namely:
To perform all transactions and legal acts according to NGEL Terms and Conditions or any other business terms which are entered into with NGEL, and which govern the client relationship as if they are performed by the principal itself.
The principal hereby understands and agrees that:
1. NGEL is permitted to accept from the Attorney, without any inquiry or investigation, any order and/or instruction for the purchase and sale of any of the Financial Instruments and any other property in the principal’s account(s);
2. NGEL is permitted to accept any order modifications and deletions from the Attorney, without any inquiry or investigation, with regard to the principal’s account(s);
3. NGEL is permitted to reveal all information about the principal’s account(s) to the Attorney and thus, for instance, send copy of any, or all transaction notification/information, account statements etc. to the Attorney.
4. NGEL has no responsibility or liability to the principal in regard to any instructions or orders received by the Attorney.
5. NGEL shall accept all instructions given by the Attorney, whether orally or in writing, in order for the Attorney to be able to execute all the above-mentioned powers. NGEL shall not be obliged to make any enquiry of the principal or of any other person before acting on such instructions.
6. NGEL has no responsibility or liability to Principal and Attorney regarding to execution quality by using specific plug in offered by NGEL of all account numbers stated in the Power of Attorney.
7. Principal should not partially close open positions: when the partial closing occurs, the MT4 processes the orders as new positions and systematically closes existing ones. Therefore, Principal agrees to acknowledge that partial closings can cause errors and will be held liable for any losses incurred. Attorney should acknowledge that any manual closing of positions are treated separately from the positions entered by Principal.
8. Principal hereby confirms that the acts performed by Attorney in relation to
In particular, please check the following details carefully.
UMAM is a closed fund that must be maintained for at least three months after management begins.
UMAM is profit and loss calculation is based on the end of the quarter, and profits are distributed only to applicants for withdrawal after the profit and loss calculation at the end of the quarter according to the account retention period as follows. (30% over 3 months, 40% over 6 months, 50% over 9 months, 60% over 12 months)
The withdrawal application can be filed up to 10 days after calculating at the end of each quarter, and the withdrawal will be completed within 5 business days.
5% of the total withdrawal amount shall be deducted as a fee for withdrawals within 3 months after signing up for UMAM or outside the withdrawal application period.
The minimum deposit amount of UMAM and the remaining amount after interim settlement must be USD 5,000 or more, otherwise management may be rejected. (However, the minimum deposit amount and the remaining amount after settlement may be adjusted depending on the situation in each country.).
This Power of Attorney for trading shall remain in effect until terminated in writing by the principal and correspondingly confirmed in writing by.
This Power of Attorney is made pursuant to the laws of St. Vincent and the Grenadines and, in the event of a dispute, is agreed to submit to the exclusive jurisdiction of the district court of St. Vincent and the Grenadines.
THIS POWER OF ATTORNEY HAS BEEN EXECUTED AS A DEED AND IS DELIVERED AND TAKES EFFECT AS OF THE DATE IT IS DULY SIGNED BY THE PRINCIPAL.
To participate as an investor, you can apply directly from the trader room through membership registration.