I understand that the Brokerage has certain add on PAM software (PAM Hybrid 2.0) which functions similarly to copy/duplication technology, but without actually copying trades (which typically cause problems such as latency and slippage etc...). I understand that this software was designed to empower me, as the Client, to have various controls available to help operate my account, such as the ability to connect in and out of trading, set my own risk multiplier, keep my account in any offered currency, and to set equity protection mechanisms on my account.
However, in doing so, I also understand that I need to accept both some inherent risks and responsibilities, and I can confirm that in using any PAM Hybrid software tools:-
(i) If I am using any multipliers and/or notional funding to increase or reduce the risk/exposure on my account, it will be my sole responsibility to understand how to set this, and how it impacts my account, and more importantly, if my account can withstand my risk multiplier under my current margin and or leverage settings which are imposed on my account.;
(ii) If I am using any equity stop losses for risk protection and/or risk/exposure management, (either in conjunction with, or without account multipliers) it will be my sole responsibility to understand how to set this, and how it impacts my account (especially with a changing balance, or fees being taken out of the account), and more importantly, if my account is properly configured to use these risk protection tools with the particular trade strategy being traded by the Appointee, along with any multipliers I am using, and leverage implications on my account. I understand that if I am unsure about this, it is my sole responsibility to learn this by study or investigation or by inquiring with the Advisor.
(iii) I understand that neither the Appointee nor the Broker will be held liable for any losses incurred on my account as a result of me not properly understanding, learning, setting, or balancing, my risk multiplier, or equity protection when used in conjunction with the Appointee’s trading risk management strategies, and my account's leverage settings.
(iv) Furthermore, I understand that neither the Broker and/or the Advisor guarantee the successful deployment and function of the risk multiplier features or equity protection features. I understand that this software is developed by, hosted by, and is dependent upon 3rd party development in conjunction with market conditions (outside of the Broker, and the Appointee’s control). I understand that these tools are to be used at my sole risk and discretion, and are simply made available by the Broker to me as a resource and an optional add-on service for use, but that should be used on a best efforts basis with no guarantee of success. Therefor I completely understand and agree that responsible monitoring and manual supervision by both the Appointee, and myself on my own investment and trading account(s) should be the primary means of risk control, instead of the sole reliance upon 3rd party software tools.