Live Account Management Agreement


LETTER OF AUTHORIZATION

Name:  
Phone:  
Email:  
Account Equity:  

1. I authorize LEFTURN as the External Party (EP) to connect the Expert Adviser (EA) or other similar third party copy trading technology to automatically copy trades into my nominated trading account/s on my behalf. I understand that this is a technological product and accept all responsibility and outcomes as the Authorizing Party (AP).

2. I confirm that I have the independent authority to provide the following acknowledgements and warranties in relation to authorizing the EP to use the EA or other similar third party copy trading technology to automatically copy trades into my nominated trading account/s on my behalf.

3. I confirm that I have undertaken independent investigations and have satisfied myself that the EP is sufficiently skilled to provide me with the EA or other similar third party copy trading technology to automatically copy trades into my nominated trading account/s on my behalf.

4. I confirm that I will allow the EA or other similar third party copy trading technology to automatically copy trades into my nominated trading account/s on my behalf without interference from me on that account/s until I revoke this Authority by email and change my MT4 password to cease any further copying of trades. Should I trade on this account/s and or interfere in the automatic copying of trades into my nominated trading account/s, all trading will cease with all positions closed out automatically. I accept full responsibility for the
losses that will potentially be incurred from this action.

5. I understand and acknowledge that it is my responsibility to log in and monitor my own trading account/s and confirm that I will immediately alert the EP by email of any concerns arising from any transactions copied into my nominated trading account/s.

6. I understand that trading the markets on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against me as well as for me. Before deciding to invest in trading the markets I have carefully considered my investment objectives, level of experience and risk appetite.

7. I understand that the possibility exists that I could sustain a loss in excess of my deposited funds. Therefore I will not invest money that I cannot afford to lose. I am aware of all the risks associated with trading the markets and have sought independent financial advice.

8. I agree to indemnify and hold harmless the EP, its directors, officers, employees and affiliates from any claim, damages, loss, liability, cost and/or expense (including but not limited to reasonable attorney’s fees and costs, before and at any trial or other proceeding, at all tribunal levels and whether or not any suit is instituted) that directly or indirectly arise from the connection of the EA or other similar third party copy trading technology to automatically copy trades into my nominated trading account/s.

9. I agree to pay the monthly invoice amount pertaining to my selected investment option to LEFTURN’s nominated bank account within 5 days of issuance. Should this amount not be paid when due, I risk the EA or other similar third party copy trading technology being turned off regardless of open positions, which could potentially result in a loss for which I accept full responsibility.

10. I agree that this Letter of Authorization is governed by and construed in accordance with the laws of Toronto, Ontario, Canada and I irrevocably submit to the jurisdiction of the Canadian courts in relation to any dispute arising out of this Authorization.

11. I agree to provide the EP with my trading account details to connect the EA or other similar third party copy trading technology to my trading account/s to automatically copy trades on my behalf.

I nominate the following EA FX Product/s to be connected to my brokerage trading account/s.

Broker Name:  
MT4 Server Name:  
MT4 User ID:  
MT4 Password:  

 

MANAGEMENT AGREEMENT

DISCLAIMER
This Investment Program (IP) has been prepared by LEFTURN Inc.

This IP is an important document that should be read before making a decision to invest with LEFTURN Inc. This document does not and is not intended to contain any recommendations or statements of opinion or advice. In any event, the information in this document does not consider any individual persons objectives, financial situation or particular needs. This IP is not a Product Disclosure Statement (PDS) for the purposes of Part 7.9 of the Corporations Act 2001.

Whilst every effort is taken to ensure the information in this document is accurate, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, LEFTURN Inc. accepts no liability and accepts no responsibility for any loss, liability, damage or expense which results from any act or omission of any person relying on the information provided in this document.

This document may contain a mixture of results based on real and simulated/hypothetical performance that have certain limitations. Unlike the results shown in an actual performance record, such results do not represent actual trading. Also, because such trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any investment will or is likely to achieve profits or losses similar to those being shown using simulated data.

Information in this document may change from time to time. A paper copy of the updated information will also be available upon request. We may also be required to amend this document as a result of certain changes, in particular where the changes are materially adverse from the point of view of a reasonable person deciding to invest with LEFTURN Inc. All amounts in this IP are given in U.S dollars unless otherwise stated.

 

ABOUT LEFTURN

LEFTURN Inc is a Canadian based state of the art investment firm that offers sophisticated, yet transparent Forex investments through a Trade Copy Program. A trade copied account receives the exact same trades as the master account with adjusted lot sizes relative to the investor's capital.

Unlike managed funds, trade copied accounts are not pooled into one large fund. Each account is segregated from one another and is held in the investor's name where he or she retains full ownership. LEFTURN strategies offer clients a diverse and unique opportunity to actively trade the foreign exchange market. We do this by leveraging the experience of professional traders who have demonstrated the ability to consistently generate returns over the long term while also monitoring and managing downside risk.

Our business objective is to focus on generating high yielding returns month over month for long-term across all market conditions.

 

OUR INVESTMENT STRATEGIES

Our ability to generate returns regardless of whether the market is bullish, bearish or tracking sideways is what sets us apart from our competitors. We work diligently on developing strategies specifically designed for phase separate phase of the market.

We generate profits by identifying regular short term, high probability positions in the foreign exchange market across an array of currency pairs. The accumulation of thousands of positions is what leads to our strategies out performing the market over time. Before releasing any new investment program to our investors, our strategies go through rigorous tests with several different brokers, currencies, spreads, and time-frames.

Risk management is key to our long-term performance. There is no point in generating above market returns if those returns are not carefully managed through risk mitigation and management.

All of our strategies have a fixed draw-down, once surpassed all open trades will be liquidated immediately subject to liquidity conditions. This offers clients a safeguard and knowing the expected loss. We provide regular communication with our clients, particularly during times of performance volatility when feedback is generally most valuable.

 

HOW IT WORKS

Client's are required to open and fund their own segregated account with their preferred broker provided that broker offers MT4 or MT5 as one of their trading platform options.

We only charge based on net profitable performance. There are no lock-in periods, entry, exit or annual management fees. There is absolutely zero commitment.

Invoices are sent out at the beginning of each month for the that month's performance fee. Payments can be made via Bank Wire, Wise, Crypto, PayPal, Zelle, CashApp (for Americans), or Interac eTransfer (for Canadians).


The Process of Opening a Live Trading Account.

Step 1: Open an account with your preferred broker
Step 2: Fund account
Step 3: Complete the Investor Application & provide your MT4/MT5 credentials
Step 4: Sign Letter of Authorization & Management Agreement

Once we receive all of these requirements, you will be notified via email that your account has been successfully
connected to our master trading account.


The process of withdrawing funds or closing account.

Since funds will be deposited with your preferred broker, you will need to contact them to arrange withdrawals. If you're unsatisfied with our trading results, you can write us a termination letter and simply change the password to your MT4/MT5 account.

 

INVESTMENT PROGRAMS

Our investment programs are ideal for investors wanting to take an active approach to their investing. We give clients the ability to study the performance and attributes of each individual strategy/trader and allocate capital and risk as they desire.

We are dedicated to working closely with clients to ensure they have a full understanding of their chosen investment strategies, we firmly believe that clients comprehension of the investment strategies empowers them to make the best possible decisions to reach their investment objectives.

All strategies trade an array of leveraged forex pairs and/or gold on an intraday basis.

PERFORMANCE FEES FOR BROKER ACCOUNTS

At the end of every month you’ll receive a performance fee invoice for the profits we generated for that month. If no profits were generated, your invoice will be zero. If your account goes into negative, you will only be charged after we recover your losses. The fee structure below is based on a tiered system of the total equity invested.

$125k USD - $250k USD 25%
$75k USD - $150k USD 27%
$40k USD - $75k USD 30%
$25k USD - $40k USD 32%
$2,500 USD - $25k USD 33%

PERFORMANCE FEES FOR FUNDED PROP FIRM ACCOUNTS

At the end of every month you’ll receive a performance fee invoice for the profits we generated for that month. If no profits were generated, your invoice will be zero. If your account goes into negative, you will only be charged after we recover your losses. The fee structure below is based on a tiered system of the total equity invested.


$300k +: 35% Performance Fee
$200k - $300k: 40% Performance Fee
$100k - $200k: 45% Performance Fee
$10k - $100k: 50% Performance Fee

 

OBJECTIVE & METHODOLOGY

The objective of our strategies is to deliver between 9-12% gross per month for our Steady Growth program. It is suitable for investors with a low - medium tolerance to risk due to the occasional volatility of returns.

The strategy is a combination of manual discretionary trading and algorithmic trading controlled by a professional trader. The trader operates with our internal risk assessment team monitoring the correlation of the positions. The trading team has been carefully selected to ensure our strategies have the best possible chance of delivering consistent, stable returns over the medium to long term.

STEADY GROWTH – Broker Investment Program Information
Investment Manager LEFTURN Inc.
Legal Ownership: Remains with investors
Recommended Investment: $25,000
Investment Markets: Foreign Exchange (Forex)
Assets Traded: Spot Forex
Safeguard Drawdown: 15% of equity or as discussed
Target Returns: 9-12% net per month
Entry/Exit Fee: Nil

Margin FX trading contracts are agreements which allow you to make a gain or loss, depending on the movement of
underlying currencies. The contract derives its value from underlying currencies (usually referred to as a "currency pair") which is never delivered to you, and you do not have a legal right to, or ownership of it. Rather, your rights are attached to the contract itself. The money you will receive will depend on whether the currency you choose moves in your favour. If it does, then you will make a gain and your account will be credited. If it does not, then you will make a loss and your account will be debited. The contracts only require a deposit, which is much smaller than the contract size (this is why the contract is “margined” or “leveraged”).

Margin is typically a relatively small proportion of the overall contract value. For example a contract trading on leverage of 100:1 will require margin of just 1% of the contract value.

When the initial deposit for a margin FX contract is lower than a certain threshold (e.g. after an unfavorable move in the value of the underlying asset), a "margin call" is triggered.

A small price movement in the underlying asset may result in a large movement in the value of your trade – this can work in your favor, or result in substantial losses.

You may lose your initial deposit and be required to deposit additional "margin" in order to maintain your position. If you fail to meet any margin requirement, your position will be liquidated and you will be responsible for any resulting losses.

Foreign Exchange and CFD trading are high risk and not suitable for everyone, most importantly do not invest money you can’t afford to lose.

Since we are not a Forex Broker but rather an investment vehicle that copies trades to your preferred broker account, you are required to consult with your broker about margin calls, the cost of broker commissions, deposits and withdrawals.

 

SIGNIFICANT RISKS

Almost any investment involves risk and Investors in the strategies should be aware that investments will rise and fall in value. As a consequence, Investors may lose capital or not receive a return over a given time frame.

General risks
General risks, which apply to all types of investment, include the value of the investment not matching inflation rates, changes in taxation policy and the possibility that distributions to investors fall or in some cases stop altogether. The earnings and value are determined by the earnings and value of the assets of the Strategy. The earnings and value of the assets may be affected by movements in interest rates, currency exchange rates, commodities, overall economic conditions (both domestic and overseas), and other factors that are beyond the control of the MDA investment Manager. As a result, it is not possible to predict or identify all future events or issues that may adversely affect the performance of the Strategy.

To mitigate these risks, Investors should consider investing over the long term (more than 3 years) in a range of investment options. Diversification of investment spreads the risk so that where one investment falls; it may be offset by gains in other investments in other asset classes. By investing regularly, Investors can buy less when the market is high and more when the market is low. In that way Investors reduce the risk of investing at the wrong time.

Volatility risk
The potential for the price of your portfolio to vary sometimes distinctly over a short period of time. The greater the volatility of the returns the more likely it is the returns will differ from those expected over a given time period.

Liquidity risk
exists when particular investments are difficult to purchase or sell, preventing the closing out a position or re-balancing within a timely period and at a fair price. Inflation risk is the risk that the prices of goods and services will rise faster than the value of the investments. Manager risk refers to the risk that the manager will not achieve its performance objectives or not produce returns that compare favorably against its peers.

Currency risk
As your base currency of the account may not be the trading currency pair or USD, your account is exposed to currency risk. The value of such investments may be affected favorably or unfavorably by fluctuations in exchange currencies.

Leverage Risk
All strategies offered by LEFTURN Inc. involve a high degree of leverage. These strategies enable clients to outlay a relatively small amount to secure an exposure to the underlying currency or financial product. The use of leverage can lead to large losses as well as large gains.

An adverse movement in the price can not only quickly result in the loss of the entire Margin, but may also lead to additional loss and end up a negative account balance.

LEFTURN Inc. sets a drawdown level notification where the account holder will be notified once an account value reaches the agree level. The investor is informed and consent will need to be granted to continue if the drawdown level is reached. You should closely monitor all of your open positions. If the market moves against you and your initial margin deposit is diminished, we may automatically close out your position. Any remaining balance will be returned to you and any resulting liabilities will be your responsibility.

Specific risk
The Investment Manager may make investments in markets that are volatile and which may become illiquid. Accordingly, it may be impossible (in the event of trading halts or daily price fluctuation limits on the markets traded or otherwise) or expensive to liquidate positions in which the prices in the market are moving. Alternatively, it may not be possible in certain circumstances for a position to be initiated or liquidated promptly (in the event of insufficient trading activity in the relevant market or otherwise). Investors should carefully consider the investment risk profile against the investment objective. There can be no guarantee that the investment objective will be realized.

Risk Management
Trading the markets on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in trading the markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your deposited funds. Therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading the markets, and seek advice from an independent financial adviser if you have any doubts. Trading the markets on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in trading the markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your deposited funds. Therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading the markets, and seek advice from an independent financial advisor if you have any doubts.

MORE INFORMATION

For assistance with the investment process, questions about LEFTURN Inc or and any of our available strategies please contact us through the details below:

Email: info@lefturncapital.com
Address: 330 Bay St, Suite 1400, Toronto, Ontario, Canada, M5H 2S8

By signing this Management Contract, the Client acknowledges that Client has carefully read, understand and agree to the Management Contract, Managed Account Authorization document and provisions contained therein.

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Signed by Michael Harding
Signed On: December 7, 2023


Signature Certificate
Document name: Live Account Management Agreement
lock iconUnique Document ID: 8bd5c07e1a6787f4b6c2be28adaa700140d99d2f
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August 1, 2023 5:40 pm EDTLive Account Management Agreement Uploaded by Michael Harding - info@manage.forex IP 12.18.234.194