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iTradeFx News Terms and Conditions

Understanding our policies for a secure and transparent trading experience.
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Terms and Conditions

Effective Date : September 12, 2024


Welcome to iTradeFX News. These Terms and Conditions govern your use of our services, including our investment offerings and pooled trading funds. By accessing or using our website and services, you agree to these Terms and Conditions in full. If you do not agree, please refrain from using our services.
 

1. Definitions

 
  • “Company” refers to iTradeFX News.
  • “Investor” refers to an individual or entity participating in our pooled fund offerings.
  • “CFD” stands for Contracts for Difference, a form of derivative trading.
  • “Carried Interest” refers to the performance-based fee charged on profits generated.
  • “KYC” refers to Know Your Customer, a mandatory process of verifying identity and financial background.
 

2. Investment Offerings

 
2.1 Pooled Fund for Trading
  • The Company pools funds from investors to trade across various markets, including CFDs.
  • ROI is determined by the agreed terms, amount invested, and performance of trades.
 
2.2 Bond-Style Notes
  • Investors may participate in bond-style notes offering a guaranteed ROI within a specified time and dollar amount, subject to agreed terms.
  • Guaranteed ROI is contingent on the terms set forth in the individual investment agreement.
 
2.3 Performance-Based Carried Interest
  • A carried interest of, and between 7.5 to 15% is applied to profits exceeding and from 7.5 to 15% on a monthly basis or as otherwise agreed.
  • The performance fee is calculated and charged as per the terms of each investment contract.
 

Carry Interest & Withdrawal Priority.


1. Definitions.
Carry Interest” means the performance-based fee owed to iTradeFX under the applicable program (e.g., 10% of profits above 15% in the 30-Day Trading Cycle, or other agreed carry). “Partner Account” means the ledger of funds, credits, debits, fees, and payouts maintained for the Partner.
2. Priority of Payments (Waterfall).
Before any Partner-initiated withdrawal is processed, iTradeFX will deduct, in the following order:
(a) any unpaid administrative or transaction fees;
(b) all accrued and unpaid Carry Interest for the applicable performance period(s);
(c) any required reserves, chargebacks, or regulatory holds (if applicable).
The Net Available Balance remaining after these deductions will be eligible for withdrawal.
3. Accrual & Timing.
Carry Interest accrues and is calculated at the close of each applicable performance period (e.g., at the end of a 30-day trading cycle or, for bond programs, at quarter-end), based on program terms. Accrued Carry Interest becomes due upon the earlier of (i) a withdrawal request, or (ii) the close of the applicable period.
4. No Carry on Losses.
If the applicable period reflects no net profit (as defined in the program terms), no Carry Interest accrues for that period.
5. Statements & Disputes.
Performance statements will reflect Carry Interest accruals. Statements are deemed accepted unless the Partner provides a written, specific dispute within five (5) business days of delivery. Undisputed amounts may be set off against the Partner Account.
6. Set-Off; Withholding.
iTradeFX may set off any amounts owed (including Carry Interest, fees, and costs) against the Partner Account and may withhold disbursement until such amounts are satisfied.
7. Compliance Holds.
Withdrawals may be delayed or restricted to comply with KYC/AML reviews, sanctions screening, court orders, or other legal or regulatory requirements.
a.)For a period of 6 months, if a client choses to withdrawal funds, they must pay the 10% carry first in advance.
8. Minimum Reserve (If Applicable).
iTradeFX may maintain a reasonable reserve in the Partner Account to cover anticipated fees, chargebacks, or regulatory holds. Any unused reserve is released upon termination and final reconciliation.
9. Example (Illustrative Only).
If a Partner requests a withdrawal when the account shows $100,000 in gross proceeds for the period, $3,000 in fees, and $7,000 in accrued Carry Interest, iTradeFX will first deduct $3,000 (fees) and $7,000 (Carry Interest). The Net Available Balance of $90,000 is then eligible for withdrawal (subject to any reserve/holds).

Proceeds Requests Within First 3 Months (Carry on Profits).
If a Client has maintained an active account with iTradeFX.news for three (3) months or less and requests a distribution of Proceeds that exceed the Client’s aggregate Contributed Capital (i.e., a request to withdraw net profits), the Client agrees to pay the performance-based carried interest (“Carry”) on the Profit included in such request at the Client’s agreed Carry rate (e.g., 10%, 7.5%, 5%). The Carry is calculated on Profit realized and allocated to the Client as of the request date and is due and payable at the time of the request. iTradeFX.news may net the Carry against the requested Proceeds and release the net amount after deduction. Any previously paid Carry for the same Profit will be credited; no Carry is charged on return of principal (Contributed Capital). For purposes of this clause: “Contributed Capital” means the total funds contributed by the Client to date; “Proceeds” means any distribution requested or paid to the Client; and “Profit” means Proceeds in excess of Contributed Capital actually realized and allocated to the Client under the applicable program documents.
Example (illustrative): If a Client with a 10% Carry requests $120,000 in Proceeds after contributing $100,000, the $20,000 Profit portion is subject to a $2,000 Carry; iTradeFX.news may remit $118,000 net. (Examples are for clarity only and do not modify any program terms.)
Non-waiver. iTradeFX.news’ acceptance or processing of any distribution request does not waive this Carry obligation or any other fee or term agreed between the parties.

3. Risks and Disclaimers

  • Investments involve significant financial risks, including potential loss of principal.
  • While we aim to achieve returns based on historical performance, past performance is not indicative of future results.
  • The Company does not guarantee profits on CFD funds or pooled trading activities.
 

4. Accreditation Requirements

  • Investors must meet accreditation requirements based on the amount invested and applicable regulations.
  • Documentation and verification will be required to confirm accreditation status.
 

5. Know Your Customer (KYC)

  • All investors are required to complete KYC procedures, including submission of identity verification documents and financial background checks.
  • KYC compliance is mandatory prior to participation in any investment program.
 

6. Investor Responsibilities

  • Investors are responsible for ensuring their participation complies with local laws and regulations.
  • The Company takes no responsibility for personal health issues or other non-financial matters that may arise during or after the investment term.
 

7. Limited Liability

  • The Company is not liable for any losses, damages, or liabilities incurred by the Investor, including but not limited to:
    • Losses resulting from market volatility.
    • Regulatory or tax-related penalties.
    • Personal circumstances, including health issues.
 

8. Termination of Agreement

  • The Company reserves the right to terminate the agreement if an investor fails to comply with these Terms and Conditions or any applicable laws.
  • Early termination may result in forfeiture of returns, subject to the terms of the investment agreement.
 

9. Confidentiality and Data Protection

  • The Company is committed to protecting investor information under applicable data protection laws.
  • Investor information collected during the KYC process will only be used for compliance and operational purposes.
 

10. Governing Law

These Terms and Conditions are governed by and construed in accordance with the laws of United States. Any disputes arising from this agreement shall be resolved exclusively in the courts of Denver, Colorado.
 

11. Amendments

The Company reserves the right to amend these Terms and Conditions at any time. Investors will be notified of significant changes, and continued participation will constitute acceptance of the amended terms.
 

12. Contact Us

If you have questions or concerns about these Terms and Conditions, please contact us at:

Email: management@itradefx.news
Address: 1905 Sherman Street, Suite 200# 1336 Denver, Colorado
200#1336

This document outlines the obligations and expectations for both the Company and its investors. Ensure compliance with local laws (e.g., SEC, FCA regulations) and seek legal review before publishing.
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