Service Agreement

Autotrading Services Agreement

General Information

Market Crowd Hunter: refers to Market Crowd Hunter, the company that owns and holds the copyright to the website [www.Market Crowd Hunter.com].
Services
This agreement governs the contractual relationship between the Client and Market Crowd Hunter for the use of the Autotrading service, enabling the Client to engage in transactions involving financial instruments. Specifically, Market Crowd Hunter will provide the Client with access to an automated trading system ("Autotrading") through a dedicated platform hosted on Market Crowd Hunter's website or a thirdparty website administered by Market Crowd Hunter (hereinafter referred to as the "Platform," "Market Crowd Hunter," and the "Website," respectively). Through the Platform, the Client can automatically replicate, with the ability to apply custom parameters and limitations, investment strategies created by third-party electronic applications (referred to as the "Systems") designed for conducting transactions in financial instruments, as defined in this Agreement. The Agreement is complemented by essential legal documentation that the Client must review before entering into a business relationship with Market Crowd Hunter, including documents regarding Investment Risks/Risk Disclaimer, Market Crowd Hunter's Privacy Policy, as well as Key Information Documents for each product subject to Client transactions, as issued by the executing broker (the "Executing Firm") or the relevant product manufacturer. Notably, while Market Crowd Hunter has a Best Execution Policy in place, which can be found on its website and provided upon request, this Policy does not apply to agreements governed by this Agreement. This is because, under this Agreement, Market Crowd Hunter will submit trades for execution through an Executing Firm or any other Execution Venue selected by the Client for order reception, transmission, and execution. The Client's relationship with the Executing Firm for executing trades will be governed by the agreement between the Client and the Executing Firm. Market Crowd Hunter will provide the Client with a list of compatible Executing Firms for the Client's convenience.
1. Platform Operation
1.1 The Platform will replicate the investment activities of the Systems selected by the Client in the Client's Account (as defined below), subject to the conditions set by the Client in the Platform settings. This replication involves the automated generation of trading signals meeting the Client's specified parameters, followed by their electronic transmission to the firm (FX broker or other) with which the Client maintains a trading account and has designated to Market Crowd Hunter (the "Executing Firm"). Any reference to the "Account" of the Client in the Platform and related to Market Crowd Hunter means the personalized operation of the Platform concerning the Client, their relationship with Market Crowd Hunter, transactions carried out through the Platform on the Client's behalf, and the capture and recording of this operation in Market Crowd Hunter's records and servers. Importantly, Market Crowd Hunter does not commit to executing the related transactions as the Client's counterparty or broker under this Agreement and bears no liability for non-performance or delayed execution of orders generated by the Platform. Additionally, Market Crowd Hunter does not handle or retain the Client's funds or assets, and therefore, the term "Account" does not encompass the holding of such assets.
1.2 Market Crowd Hunter is not responsible for determining the range and characteristics of products provided to the Client by the Executing Firm. This includes leverage and spreads. Market Crowd Hunter also disclaims responsibility for the Executing Firm's compliance with applicable Regulations, including those related to the offer of FX and CFD products or other financial instruments.
1.3 In addition to automated signal generation, the Client can manually generate trading signals through the Platform if desired, as well as monitor transactions and receive information about their results and positions held with the Executing Firms based on the Client's activity through the Platform. However, Market Crowd Hunter does not assume any obligation to make investment decisions on the Client's behalf or to act on its own initiative for the achievement of the Client's investment objectives.
1.4 The Client is exclusively responsible for selecting the Executing Firm with which they will execute trades, and the Client's relationship with that firm will be governed by their agreement with the Executing Firm. Market Crowd Hunter provides a list of compatible Executing Firms on the Platform for the Client's convenience without proposing or suggesting any specific Firm to the Client.

2. Financial Instruments The financial instruments available under this Agreement will be determined by Market Crowd Hunter and listed on the Platform's website. The Autotrading service primarily covers financial derivatives with high leverage, such as Rolling Spot FOREX and Contracts for Differences (CFDs), which may have underlying assets related to exchange rates, commodities, or other assets. This Agreement may be extended to include other financial instruments in the future.
3. Client Classification Under current legislation, Market Crowd Hunter classifies clients for whom it provides investment services into two categories: a) retail, b) professional. Based on available information, Market Crowd Hunter has classified the Client as a retail client for all services and financial instruments covered by this Agreement. This classification provides the highest level of protection concerning the rules of professional conduct governing the provision of investment services. If the Client wishes to change their classification, indicating they may meet the requirements to be classified as a professional client, they should submit a written request to Market Crowd Hunter for consideration.
4. Additional Information about Market Crowd Hunter General information about Market Crowd Hunter and the services it offers can be found on the Market Crowd Hunter website at [www.Market Crowd Hunter.com]. The Client affirms that they have received and reviewed this information before entering into this Agreement. Market Crowd Hunter takes appropriate measures to prevent conflicts of interest that may arise during the exercise of its investment activities and the provision of investment and ancillary services. A conflictof-interest situation occurs when the interests of Market Crowd Hunter or its affiliates are in direct or indirect conflict with the interests of its clients. A summary of Market Crowd Hunter's conflict of interest prevention and management policy can be found on its website [www.Market Crowd Hunter.com]. The Client may request further information on Market Crowd Hunter's policies to prevent and manage conflicts of interest at any time. Rules and Arrangements for the Provision of the Service Means of Providing the Service The Client can access the Platform through the website [www.Market Crowd Hunter.com], which is operated by Market Crowd Hunter or any other website communicated to the Client by Market Crowd Hunter for this purpose. Given the nature of the Autotrading service, which relies on electronic applications, the Client must use appropriate technical equipment (e.g., a computer, internet connection, etc.) and possess the necessary expertise for its proper use. By entering into this agreement and accepting the services of Market Crowd Hunter, the Client declares and affirms to Market Crowd Hunter that they have the required equipment and knowledge for its proper utilization. Furthermore, the Client acknowledges and accepts the risks associated with using computers and communication systems for financial transactions, including the potential for communication interruptions, technical faults, and other issues.
2.1.3. Access to the Platform To use the Autotrading service, the Client must use a combination of a unique user name and password provided by Market Crowd Hunter upon registration. The user name and password are confidential and private. The Client is solely responsible for safeguarding their user name and password, and they bear full liability for any damages resulting from unauthorized use by a third party. The Client has the option to change their password at any time through the instructions provided on the Platform's website. In case of a security breach or unauthorized use, the Client must promptly notify Market Crowd Hunter and change their password. Investment Characteristics of the Client The Platform is designed for investors who have chosen to engage in transactions involving one or more financial instruments available on the Platform, as specified in clause
1.3. These investors typically have speculative investment objectives. Unless a suitability test is explicitly conducted as outlined in Section 3, Market Crowd Hunter does not recommend or suggest specific financial instrument transactions or claim that such transactions are more suitable for the Client than other forms of investment. Therefore, the Client expressly acknowledges that they do not expect Market Crowd Hunter or the Platform to propose transactions to meet specific investment goals. Registration in the Platform Unless explicitly agreed otherwise, the Client is registered on the Platform as a regular user (i.e., not a System Provider). This Agreement exclusively governs the Client's relationship with Market Crowd Hunter in this capacity. Choice of Systems The Platform enables the Client to adopt investment actions (trading signals) generated by automated electronic systems. The Client can configure the Platform to replicate the actions of one or more selected Systems in their Account. These Systems are created by third-party providers ("System Providers"). System Providers use the signals generated by their Systems to conduct transactions for their own accounts through their chosen Executing Firms. If a specific Provider's transactions occur in a simulated trading environment ("demo account") rather than through an Executing Firm, Market Crowd Hunter will clearly indicate this in the Provider's profile on the Platform. Application of Settings to Selected Systems The replication of trading signals from a System to the Client's Account is subject to the restrictions set by the Executing Firm regarding the financial instruments available on the Platform. The Client may also define specific settings and limitations for signals generated by each selected System, as provided on the Platform from time to time. Market Crowd Hunter may designate certain settings as mandatory and may disable the selection of a System if the Client does not complete the required mandatory settings. Mandatory settings may include, but are not limited to: - Quantity of contracts/nominal amount (lots) per order: The Client specifies the number of lots for each order generated by the signals of the selected System.

- Allocation of capital to each selected System: The Client allocates a total tolerable loss limit to each System they have chosen (if multiple Systems are selected). Market Crowd Hunter may determine mandatory settings and other optional settings at its sole discretion, incorporating them into the relevant sections of the Platform without prior notice to the Client. In case of changes that may interrupt the Client's transactions through the Platform, Market Crowd Hunter will make reasonable efforts to notify the Client and prompt them to take necessary actions before the changes occur. "Manual" Actions The Platform allows the Client to manually initiate trading signals with their Executing Firm. In this case, the Client may open or close positions manually, which is not part of the Autotrading service and is not subject to the risk limits outlined in this Agreement. These manual actions are treated as regular order inputs by the Client. Selection of Available Systems The number of Systems available to the Client and other users of the Platform is determined by Market Crowd Hunter based on various criteria, including performance, duration of operation, consistency in achieving performance, and risk profiles. Systems that do not meet the Platform's requirements, as determined by Market Crowd Hunter, remain visible on the Platform but cannot be selected by users. The Client may choose a System not listed as Available Systems only if the Client is the Provider of the System. In such cases, the Client must submit a request to Market Crowd Hunter for approval. Transactions made by the Client using their own System will not be governed by the provisions of this Agreement and will be considered as originating from the Client. Market Crowd Hunter may modify the classification and sorting of Available Systems on a daily basis or at other intervals based on its criteria. Such changes may have direct consequences, including: - If a System selected by the Client is no longer available, the System will cease to open positions in the Client's Account. Any open positions will remain connected to the System unless the Client manually closes them. In the event of such a change, Market Crowd Hunter will notify the Client via email. - Systems that were previously unavailable may become accessible to the Client after a change, and the Client can select them accordingly. Content of the Services and Responsibility of Market Crowd Hunter Market Crowd Hunter would like to bring the following to the client's attention: - The individuals who have developed the applications referred to in this agreement (i.e., the System Providers) have no affiliation with Market Crowd Hunter and do not possess any professional certifications. - Market Crowd Hunter provides access to Systems that meet specific reliability criteria based on their historical performance. Market Crowd Hunter applies rules to select these Systems, supervises their activity within the Autotrading service, and evaluates them based on their trading behavior. However, Market Crowd Hunter does not create the strategies of the Systems, and the content of the signals produced by these Systems is determined by their respective Providers. - The Systems available to the Client through the Platform do not take into account the Client's personal information when formulating their trading strategies. Each System is typically tailored to the preferences of the Provider who developed it. - The monitoring and evaluation of the Systems by Market Crowd Hunter are solely based on their past performance and do not imply any predictions about their future behavior or future performance. - The application of the Client's choices and settings is automated, with no human intervention, except in exceptional cases.
2.8.2. Delays and Divergences Although the Platform replicates the signals of the Systems (subject to any limitations set by the Client in their settings), it is likely that there will be delays in the execution of the Client's transactions. Divergences in prices may occur between the prices achieved by each System and the prices achieved by the Client when following the signals of the System. These delays and divergences are typically attributed to various market factors, including but not limited to: - The time elapsed between the moment a signal is received from the System and the execution of the Client's order by the Executing Firm. - The nature of the Over-The-Counter market, which lacks a single reference price for its participants. - Special events within the market, such as rapid price fluctuations following news announcements or high transaction volumes awaiting execution by the Executing Firm where the Client holds a trading account or by the Executing Firm's liquidity provider. Market Crowd Hunter does not guarantee: - Immediate and complete execution of signals generated by the Platform through the Executing Firms. - Matching of prices at which the Client conducts specific transactions with the prices at which the Provider of the selected System executes the same transactions.
2.8.3. Acknowledgment of Risks By entering into this agreement, the Client declares to Market Crowd Hunter that they acknowledge the inherent risks associated with transactions in financial instruments supported by the Platform. The Client is aware that such transactions involve risks that can result in a decrease in the value of investments, and Market Crowd Hunter bears no responsibility for these risks. The Client affirms that before entering into this agreement, they have reviewed Market Crowd Hunter's documentation on the risks associated with transactions in specific financial instruments, including the risk disclosure available through the "Risk Disclaimer" link and any additional risk disclosures attached to this agreement. The Client also acknowledges and accepts the risks associated with the use of Autotrading services, which are based on the investment strategies of third parties and not determined by Market Crowd Hunter.
2.8.4. Force Majeure and Other Events Market Crowd Hunter is not liable for any damages incurred by the Client (or any third party with relevant rights through the Client) due to force majeure events, such as strikes, computer malfunctions, fraudulent use of data stored in its records and servers by third parties, failures in its electronic systems due to network malfunctions, or malfunctions in its software and hardware that are not due to a lack of maintenance or monitoring. Additionally, events related to the operation of third parties, such as interruptions, suspensions, or limitations in the activities of stock exchanges, Executing Firms, companies settling transactions, credit institutions, or investment firms with which Market Crowd Hunter potentially cooperates under this agreement for any reason, are beyond Market Crowd Hunter's responsibility.

2.8.5. Actions of Executing Firms and Third Parties Market Crowd Hunter is not responsible for the actions or omissions of the Executing Firm or any other third-party company concerning the transactions conducted on behalf of the Client for any reason. 2.8.6. No Guarantee of Positive Results In any case, Market Crowd Hunter does not guarantee that the provision of Autotrading services will yield a positive result or a specific performance. Any references to the performance of transactions carried out by Platform users or System Providers pertain exclusively to historical performance, and the Client acknowledges their awareness of this fact.
2.8.7. Cost Considerations Any references to the performances of System Providers may not account for transaction costs, such as broker fees or other fees related to the Client's Autotrading Account under this Agreement.
2.8.8. Variances in Transaction Amounts The Client is aware that transactions conducted by each System Provider for their own account using the System they developed may involve significantly different amounts than those allocated by the Client to each transaction. Variations in transaction amounts may result in significantly different outcomes compared to the Provider's profits or losses, even if other characteristics of the Client's positions match those of the Provider. Additionally, limitations may be applied to the Client's trading account by the Executing Firm where the account is held, and these limitations may not necessarily apply to the System Provider's account at the same time. Such limitations may arise due to regulatory considerations or the policies of the Executing Firm. These factors may lead to further divergences between the results of the System Provider's transactions and the Client's transactions, especially if the System Provider's trading account is not subject to the same limitations.
3. Suitability Test
3.1. In General - Prior to entering into this agreement, the Client has provided Market Crowd Hunter with information regarding their investment profile. This information is used to determine whether the provision of the Autotrading service is suitable for the Client. - The information examined includes: - Educational level and experience of the Client to assess their understanding of the nature and risks associated with the service and financial instruments. - Investment objectives and risk appetite to ensure alignment with the characteristics of the service and available financial instruments. - Financial situation and the ability to bear investment risks, including the potential loss of invested amounts and limitations on such losses. - The Client affirms that the provided data is accurate and reflects their actual situation. - The Client acknowledges that the Autotrading service primarily involves speculative activities and requires the undertaking of investment risks, which can be limited but not entirely avoided by using the Platform's tools. - In case the Client believes that their investment profile does not align with the above description, they should not proceed with accepting these terms and should exit the Autotrading Account opening process. - The Client also undertakes to inform Market Crowd Hunter of any changes to the data communicated to Market Crowd Hunter through the questionnaire and to re-fill the questionnaire at regular intervals as requested by Market Crowd Hunter. The Client cannot object to any such changes if they have not previously notified Market Crowd Hunter in writing of the specific changes.
3.1.1. Communication Principles - Client Information Means of Communication - Communication between the parties occurs in writing or orally: - Written communication involves document exchange, fax, or electronic mail sent to the parties' email addresses or via the Platform's dedicated messaging application. The Client accepts email communications as suitable for receiving information related to the service. - Oral communication primarily takes place via telephone. Market Crowd Hunter is authorized to record telephone conversations between its representatives and employees and the Client for transaction protection, capital market operation, and mutual interest protection, as permitted by applicable legislation. Market Crowd Hunter may choose not to respond to telephone calls that are not initiated from phone numbers connected to a recording device. - The Client acknowledges that all telephone conversations with Market Crowd Hunter may be recorded and stored, irrespective of prior notification to the Client. Market Crowd Hunter may be obliged to communicate the content of these recordings to relevant supervisory authorities in accordance with its Privacy Policy available on Market Crowd Hunter's website. - In cases where this agreement refers to written notifications from Market Crowd Hunter to the Client, such notifications will be sent via email to the latest email address provided by the Client, unless explicitly agreed otherwise. The Client agrees that when declaring specific contact details (e.g., fax number, email address), the indicated mode of communication is considered appropriate for receiving information from Market Crowd Hunter. Market Crowd Hunter is not liable for changes in contact details without prior written notification by the Client. - Information and data delivery to the Client's representative or delegate will be equivalent to delivery to the Client in person and exempt Market Crowd Hunter from relevant obligations and liabilities. - Market Crowd Hunter highlights that email is the most common communication method it uses. The Client assures Market Crowd Hunter that they will regularly access and check the emails sent to the provided electronic address.
3.1.2. Communication Language - The communication language is English. Market Crowd Hunter may also support oral communication or a Platform layout in other languages, as indicated on the Platform's website. The Client declares that they have sufficient knowledge of the English language to understand information provided in English or any English-language contractual documentation received from Market Crowd Hunter.

3.1.3. Confidentiality - Market Crowd Hunter will maintain the confidentiality of the information provided by the Client under this agreement and will implement necessary internal measures to ensure its confidentiality. - Confidentiality does not extend to: - Data or information that Market Crowd Hunter is obligated to disclose to the public or competent authorities. - Data that must be presented by Market Crowd Hunter before a court or competent authority for defense in cases related to the relationships governed by this agreement. - Data that must be shared with companies cooperating with Market Crowd Hunter to fulfill the obligations outlined in this agreement.
4. Content of Information on the Autotrading Service - Market Crowd Hunter provides the Client with ongoing access to a personalized area on the Platform. The Client can access this area using individual codes to view transaction information at any time. - In the case of order execution, position openings or closures, or any other changes in the Account, Market Crowd Hunter will send relevant notifications (alerts) to the Client via email. - Platform tools display the performance of the Client's Account and compare it with the performance of selected Systems. - Market Crowd Hunter sends a monthly statement via email in accordance with specific arrangements and regulatory requirements. This statement includes information on the Client's positions held on the last day of the previous month, total position valuations, Account performance, fees received by Market Crowd Hunter, and costs incurred by the Client through Market Crowd Hunter (excluding costs charged by the Executing Firm), along with other relevant information. The Client must verify this information based on information received from the Executing Firm.
4.1. Probative Force of Book Files and Computer Records - Copies or extracts of documents, data, books, records, and files issued or maintained by Market Crowd Hunter, whether in paper or electronic form, as well as extracts of Autotrading Account information held by Market Crowd Hunter under this agreement, shall constitute full evidence of the content of the Account, provided that it contains data and information communicated to the Client. - Similarly, extraction of logs related to all aspects of the Client's Account operation, including logs related to the Client's access to the Platform and its usage, shall constitute full proof of the related facts.
4.1.1. Liability for Transmission Errors (Including Orders-Instructions) - In cases of delays, interruptions, or other errors during the transmission of electronic mail or fax, as well as incorrect translations or interpretations of technical terms, Market Crowd Hunter will only be liable for willful misconduct or gross negligence of its executives, agents, or employees. - In the event of improper execution or transmission of declarations of intention or orders, the Client waives their right to annul any transaction.
6. Provision of Authorizations
6.1. The Client hereby authorizes Market Crowd Hunter: - To access the account held by the Client with the Executing Firm through appropriate technical means and relevant personnel and executives for the following purposes: - Directing orders to the Executing Firm resulting from the operation of the Platform. - Obtaining comprehensive information about the trading account connected to the Platform held with the Executing Firm for providing detailed information to the Client via the Platform and monitoring the Client's exposure at risk, especially for effective implementation of the Risk Tolerance Index. - Obtaining information on the Client, especially for Client identification in the context of antimoney laundering efforts. - Carrying out any other necessary consultations and collaborations with the Executing Firm to fulfill the purposes of this agreement.
6.2. Client's Data
6.3. Signature Specimens - Market Crowd Hunter is authorized to receive and retain specimen signatures of the Client and their representatives if necessary to provide the services.
6.4. Change of Data - The Client shall promptly inform Market Crowd Hunter of any changes to their name, contact information (especially email address), and other data provided to Market Crowd Hunter when entering into this agreement, as well as any changes regarding the powers of representation granted to other individuals if applicable. Market Crowd Hunter shall not be held responsible for any changes in this data that have not been notified to Market Crowd Hunter in writing. - All actions undertaken by Market Crowd Hunter towards a representative of the Client shall be considered valid during the term of the power of representation unless prior written notification of revocation or amendment of such power is received by Market Crowd Hunter.
6.5. Personal Data - The Client's personal data, as disclosed to Market Crowd Hunter from time to time, will be stored, processed, and disclosed to third parties for the purpose of providing services and complying with Market Crowd Hunter's regulatory or other obligations. This will be done in accordance with Market Crowd Hunter's Privacy Policy, which is available to the Client in the document "Privacy Policy" through the provided links. - During the provision of services under this

Agreement, Market Crowd Hunter may need to disclose some or all of the Client's personal data, whether sensitive or otherwise, to its employees, associates, agents, subcontractors, product providers, and/or investment institutions, subject to confidentiality and data protection obligations as deemed necessary by Market Crowd Hunter to comply with its obligations under this Agreement. The Client explicitly consents to the transfer of their personal data, whether sensitive or otherwise, to other countries in accordance with applicable Data Protection laws and regulations. - The Client has a right of access and rectification of their personal data as indicated in the "Privacy Policy." If the Client's data changes, they must promptly notify Market Crowd Hunter in writing. 7. Final Provisions
7.1. Duration - Termination - This agreement is of indefinite duration and will take effect after acceptance by the Client, upon the opening of the Account by Market Crowd Hunter following the necessary verifications. The agreement shall expire upon termination by either party, with written notice, and the effects of termination shall occur within 15 days following the date of receipt of such notice. Termination will not affect the validity of orders transmitted to the Executing Firm.
7.2. Governing Law - Jurisdiction - All contractual relationships between Market Crowd Hunter and the Client are governed by Hong Kong law. The place of performance is considered the registered seat of Market Crowd Hunter. - The courts of Hong Kong will have jurisdiction over any dispute between Market Crowd Hunter and the Client arising from the contractual relationship. Market Crowd Hunter has the discretion to choose the courts of the Client's general jurisdiction for the exercise of its claims against the Client.
7.3. Other Terms - The Client represents and certifies to Market Crowd Hunter that: - All funds used for transactions belong to the Client, are from a legal source, and do not derive from acts or activities prohibited by anti-money laundering laws. - The Client will comply with legal provisions and will not engage in illegal or prohibited actions or practices. - All data available to Market Crowd Hunter regarding the Client and the origin of their assets are accurate.
7.3.4. - In accordance with applicable regulations, Market Crowd Hunter is required to establish internal procedures for handling complaints fairly and promptly. Market Crowd Hunter only accepts written complaints either by submitting the relevant complaints form or by sending an email and/or letter to Market Crowd Hunter. The Client should submit all supporting documentation that may assist Market Crowd Hunter in its investigation along with the written complaint. Market Crowd Hunter will send a written acknowledgment of receiving the complaint promptly, enclosing details of the complaint’s procedure, including information on how the Client may refer their complaint to relevant competent authorities and/or alternative dispute resolution mechanisms. - Further details regarding Market Crowd Hunter's complaints procedures are available on Market Crowd Hunter's website and are available upon request from Market Crowd Hunter's customer support service.
7.3.5. - Any delay or omission by Market Crowd Hunter to exercise any statutory or contractual right shall not be deemed as a waiver of the respective right.
7.3.6. - In case one or more terms of this agreement are or become unenforceable, it shall not affect the validity of the remaining terms, and the remaining provisions shall remain in force.
7.3.7. - Any rights and claims of the Client arising from their relations with Market Crowd Hunter under this agreement shall not be assigned or transferred to third parties unless otherwise agreed in writing.
8. Risks Related to the Use of Autotrading III. Risks Associated with Financial Instruments III.1. Risks Associated with Financial Instruments Trading leveraged financial instruments involves substantial risk and the potential for loss. Your trading results may vary. Given the high-risk nature of trading in FX and CFD instruments, it is crucial that only genuine "risk" funds are used for such trading. If you do not have extra capital that you can afford to lose, you should refrain from trading in the FX – CFD market. Trading involves a real risk of loss, and there is no guarantee of profits or freedom from loss. Past performance is not indicative of future results.
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2. Risks Associated with Autotrading and the Use of the Platform III.3. References to Past Performance Past performance provided by System Providers does not necessarily indicate future results. No representation is made that any account is likely to achieve profits or losses similar to those shown. In reality, there can be significant differences between hypothetical performance results and the actual results achieved by any particular trading program. III.4. Limitations of Hypothetical Performance Results Hypothetical performance results come with inherent limitations. No representation is made that any account will likely achieve profits or losses similar to those shown in hypothetical results. Hypothetical trading does not involve financial risk, and it cannot fully account for the impact of financial risk in actual trading. Actual trading results can be affected by a range of factors beyond what hypothetical results consider. The hypothetical performance results displayed on the Platform's website are based on trades made in a demonstration ("demo") account. Transaction prices assume that buyers received the ask price and sellers the bid price of quotes Market Crowd Hunter receives from the

Executing Firm where a System Provider maintains a demo account. These hypothetical results do not include additional markups or commissions that may be charged by a customer's Forex broker and are based on a one-lot trade size. Demo accounts are not subject to margin calls and can withstand large, sustained drawdowns. This may not be the case for a customer's actual account due to differences in bid/ask prices offered by different counterparties or market volatility. III.5. Differences in Lot Sizes and Bid/Ask Prices The number of pips gained or lost by each System Provider may be based on the trading of mini, micro, or standard lots. Customers electing to trade a different lot size may experience varying results. Customers can also place trades independent of those provided by a Signal Provider, which may differ from the Signal Provider's recommendations. The performance results presented only include the results of completed trades and do not reflect the profit or loss on open positions. Due to differences in the bid/ask prices offered by various counterparties, not all trades executed in the account of a System Provider may be executed in a customer's account if the bid/ask of the customer's Forex broker differs from that of the Signal Provider's broker or due to market volatility.
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6. Partial Replication of Systems' Signals Customers may choose not to follow all of the trading signals provided by Signal Providers or may be unable to trade the recommended number of contracts due to insufficient funds. As a result, the results portrayed are not indicative of an account that may have traded all of a Signal Provider's signals or contracts. Further, by choosing to follow multiple Signal Providers at the same time, customers may not be able to follow all of the signals generated due to insufficient funds in their account. Consequently, the performance of customer accounts may vary significantly from the results portrayed on the website.
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7. Interpretation of Results of Other Followers' Accounts Past performance does not guarantee future results. The accounts represented may not follow all of the trading signals provided by System Providers or trade the recommended number of contracts. The results portrayed do not reflect an account that may have traded all the recommended signals or contracts from the Providers. The number of System Providers followed by these accounts may also vary. Therefore, performance results may vary from one account to another, depending on the number of signals and contracts traded and the Signal Providers followed. This website does not make any representation that the trading systems mentioned might be suitable or profitable for you. Please be aware of the risks associated with trading foreign exchange investments and consult an investment professional before proceeding. The trading systems described in this document are designed for sophisticated traders who fully understand the nature and scope of the risks associated with trading. The decision to trade any or all of these systems' signals is solely your own. IV. Overview of Derivative Financial Instruments
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1. Overview of Derivative Financial Instruments This document aims to provide summarized information and a general warning about the risks associated with derivative financial instruments so that clients have a reasonable understanding of their general nature and risks. It is important to note that the information provided here is not exhaustive but serves as an overview.
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.2. Overview Derivatives are contracts that provide one party with the option or right to obtain an asset or financial commitment from another party based on the fluctuating value or interest rate of the underlying asset or liability. These contracts can be negotiated either on a market or through mutual agreement (OTC). The name "derivatives" arises from the fact that their value derives from underlying assets or liabilities. Derivatives come in various types, differing by the nature of the underlying instrument, such as shares, bonds, money market instruments, interest rates, exchange rates, stock exchange indices, commodities, etc. These diverse types of derivatives have varying risk profiles, with some offering limited risk and unlimited potential for gains, while others present potential unlimited losses and limited gains. The mode of settlement of a derivative product can significantly impact the associated risks. Derivatives settled by cash payment are mainly subject to counterparty risk and market risk, whereas those settled physically with the delivery of the underlying instrument are subject to the same risks as well as those specific to the underlying instrument.
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3. Option Contracts Option contracts grant the buyer the right to buy (call) or sell (put) a specified quantity of an underlying instrument from the seller at a predetermined price (strike price). Options can be either "European Options," exercisable on a definite date, or "American Options," exercisable at any time until the maturity date. The price paid for this right is called the premium. The seller commits to selling (call) or buying (put) the underlying instrument or paying the difference between the strike price and the current price, depending on the option type. Market risk is limited to the premium for buyers but considerably higher for sellers. Buyers also bear counterparty risk. Risk is related to the difference between the

strike price and the current price for both buyers and sellers. IV.4. Futures Contracts: Forwards and Futures Parties in a forward or futures contract commit to receiving or delivering a specific quantity of an underlying instrument at a price agreed at the time of the contract. They can also receive a payment if the underlying instrument's value increases, or make a payment if it decreases between two dates. Futures are standardized instruments traded on regulated or organized markets. They have standardized terms for the quantity and due dates. They can be futures on commodities or physical goods, which differ from purely financial futures that involve financial instruments. Forwards are traded through mutual agreement (OTC), and their terms are either standardized or agreed upon between the buyer and the seller. In a forward sale, the risk lies in the difference between the agreed price and the current market price. In a forward purchase, the risk is related to the difference between the agreed price and the current market price. The risk in forwards is theoretically unlimited for sellers and limited for buyers. A future rate agreement ("FRA") is a fixed-income product used to exchange differences in interest rates in the same currency on a predetermined date. The principal risk in FRAs is linked to their sensitivity to interest rate movements.
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5. Swap Swaps involve exchanging interest flows or currencies. Currency swaps are transactions in which one party sells one currency to another party and buys another currency with an agreement to buy back the currency at an agreed price, reflecting changes in interest rates. Interest rate swaps involve exchanging interest rates on an agreed nominal amount. Swaps are associated with interest rate risk and counterparty risk. IV.6. General Risks Associated with Investments In addition to the specific risks related to particular types of financial instruments, there are general risks applicable to all types of financial investments. The risks described below can impact any investment: These risks encompass but are not limited to: - Market Risk: Exposure to changes in market parameters such as interest rates, exchange rates, share prices, index movements, or commodity prices. - Counterparty Risk: The risk associated with the financial stability of the counterparty with which you engage in trading or contract. - Liquidity Risk: Risk arising from the lack of liquidity in a particular market or for a specific instrument. - Foreign Exchange Risk: The risk of changes in currency exchange rates impacting your investments. - Interest Rate Risk: The risk that fluctuations in interest rates can affect the value of your investments. It is crucial to understand the specific risk-to-reward profile of any investment strategy in relation to the relevant product. III. Market Risk III.1. Market Risk Overview Market risk encompasses exposures to changes in the value of a market indicator, such as interest rates, credit spreads, share prices, index prices, commodities prices, or variations in volatility. It is essential to note that market risk does not cover exposures related to (i) credit events associated with market transaction counterparties or (ii) settlement/delivery risks and legal or operational risks. Market risk can be categorized into several types:
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2. Interest Rate Risk Interest rate risk refers to the risk associated with adverse fluctuations in interest rates. It also encompasses the concept of the "cost of carry," which may be positive or negative depending on whether the financing cost of the asset is lower or higher than the received interest. Changes in interest rates can expose holders of financial instruments to the risk of capital loss. The significance of this risk varies depending on the type of financial instrument. III.3. Spread Risk Spread risk quantifies the loss attributed to an adverse change in the perceived probability of a debtor's implicit failure, often estimated by the market, and may be linked to the rating of the issuer, if applicable.
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4. Leverage Risk Leverage risk is characterized by exposure to market risk based on a notional amount that exceeds the invested capital. Examples include option premiums or future contracts, where the exposure can be significantly higher than the initial investment.

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5. Correlation Risk Correlation risk measures the degree to which the variations in two variables are linked. It is essential when assessing the interdependencies between different market factors.
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6. Option Risk When an asset contains an option component, its value can be affected by changes in specific factors, including: - Volatility: A measure of the variability of the price of the underlying asset of the option. - Time Value: The value of the option, excluding its intrinsic value, which incorporates the cost of carry and the probability of exercise. - Intrinsic Value: The amount by which an option is in the money, relative to the forward price inferred by the market at the revaluation

time. - Risk-Free Interest Rate: The interest rate of a risk-free investment. For exotic options, the risk can arise from the characteristics of the underlying asset as well as conditions related to its evolution, such as corridors, average options, barrier options, and others.
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7. Basic Risk Basic risk is the risk that the cost of a hedged product does not move in sync with that of the underlying asset. For example, this risk can be observed in a future contract concerning its underlying asset. III.8. Risk of Early Redemption This risk is akin to the risk of reinvestment in the case of bonds or swaps that can be terminated before maturity. It refers to the risk that investors may not find similar investment conditions in the market if an existing investment is cancelled. III.9. Risk of Relative Performance The risk that an asset's performance does not match that of the benchmark index or reference portfolio. III.10. Specific Risk Specific risk is the risk of price fluctuations in an asset due to factors specific to that asset, as opposed to the general market risk that reflects overall rate or equity market movements.
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11. Liquidity Risk Liquidity risk involves the risk that an asset cannot be swiftly bought or sold. The liquidity of a market depends on its organization, whether it's a stock exchange or an over-the-counter market, and the nature of the underlying instruments. Liquidity may differ for common and specialized products, and the liquidity of a financial instrument can change over time.
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12. Volatility Risk Volatility risk is associated with the price fluctuations of a security. Volatility is considered high when a security experiences significant price movements over a relative time period, whether it's daily for some types of instruments or longer for others. The risk of volatility is calculated based on the average difference between the lowest and highest prices of a financial instrument over a specific period. III.13. Counterparty Risk Counterparty risk is the risk that a debtor fails to meet their debt obligations on time. It considers three factors: the debt amount, the probability of insolvency, and the proportion of the debt that can be recovered in case of insolvency. This risk quantifies the potential loss associated with a debtor's failure.
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14. Valuation Risk Valuation risk is linked to unfavourable changes in the estimated variables used to value an investment, such as volatility, interest rates, and, if applicable, the estimated dividend yield.
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5. Operational Risks Operational risk pertains to the risk of loss resulting from inadequate or failing internal processes, employees, or systems, or external events. It covers human errors, fraud, information system failures, issues related to staff management, commercial disputes, as well as external events such as accidents, fires, floods, etc.
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16. Political or Legal Risk Political or legal risk is the risk that a government or relevant authority imposes new taxes, regulatory or legal obligations, or limitations on securities that an investor has already acquired. This can include the government's decision to restrict the repatriation of assets held in custody within the country.
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17. Force Majeure Force Majeure risk arises from industrial or natural disasters or decisions made by regulatory authorities or market bodies that lead to, for example, the suspension of a financial instrument's introduction to the stock exchange. These events are beyond the liability of the issuer, the market, or the company. However, if they are of significant scale, they can impact the issuer's or counterparty's ability to fulfil their commitments or influence market operations.