Term and Condition of AlgoTrade Algorithmic Services
1. Definitions
1.1 AlgoTrade (Party B): AlgoTrade Pte. Ltd, Company Registration No: 202425185M, located at 68 Circular Road, #02-01, 049422, Singapore.
1.2 Client (Party A): The individual or entity leasing AlgoTrade's algorithmic trading solutions to operate on their trading account.
1.3 Algo: The proprietary algorithm provide by AlgoTrade, provided exclusively for execution on the client's trading account.
1.4 Broker: The financial institution or platform through which the client maintains their trading account and receives daily transaction reports.
1.5 Balance: The amount of money currently available in the trading account after all closed transactions.
1.6 Equity: The total amount in the account, including balance plus unrealized profits or losses from ongoing trades, even if those trades are not yet closed. It reflects the actual amount available if all activities are stopped and all trades are closed.
1.7 High-Water Mark (HWM): The highest level of profit in Equity achieved in the client's trading account for fee calculation purposes.
2. Nature of Services
2.1 AlgoTrade provides algorithmic trading software ("Algo") as a service for lease to Party A. Party B does not:
- Directly manage or access the funds in Party A’s trading account.
- Execute trades on behalf of Party A. The Algo runs automatically based on the client's configuration.
2.2 Party A maintains full control over their trading account, including deposits, withdrawals, and receiving daily and monthly transaction reports directly from their broker.
2.3 Party B is not involved in any capital-raising activities or handling client funds.
3. Responsibilities of AlgoTrade
3.1 AlgoTrade provides:
- Access to the leased Algo for execution on Party A’s trading account.
- Technical support for the installation and maintenance of the Algo.
- Periodic updates to the Algo for performance improvements.
3.2 AlgoTrade is not responsible for:
- The performance of the client’s broker.
- Market risks, including losses incurred in the client's trading account.
4. Responsibilities of the Client
4.1 Party A agrees to:
- Use Algo solely on their designated trading account and comply with all applicable laws and broker regulations.
- Monitor the performance of the Algo through daily reports from their broker.
4.2 Party A accepts full responsibility for any profits or losses resulting from Algo's operation on their trading account.
5. Service Fees and Payment Terms
5.1 Management Fee: AlgoTrade charges up to 30% of net profits depend on ranking of clients, calculated based on the HWM model, the details charge will be sent to party A by the end of each billing circle.
5.2 Payments must be made within three (3) business days upon receipt of an invoice.
5.3 If payment is delayed beyond seven (7) days:
AlgoTrade reserves the right to suspend the Algo's operation, resulting in no new trades being initiated until payment is received.
6. Disclaimers and Risk Disclosure
6.1 Trading in financial markets carries inherent risks, including the possibility of losing all invested capital.
6.2 AlgoTrade does not guarantee any specific trading results or profitability. Past performance does not indicate future outcomes.
6.3 Full disclaimers and risk disclosures are available at the following links:
Disclaimer: https://algotrade.ltd/disclaimer/
Risk Disclosure: https://algotrade.ltd/risk-disclosure/
Privacy Policy: https://algotrade.ltd/privacy-policy-collection-and-use-of-personal-data/
7. Governing Law and Dispute Resolution
7.1 These Terms and Conditions are governed by the laws of Singapore.
7.2 In case of disputes, both parties agree to prioritize resolution through mediation before pursuing legal action.
8. Acceptance
By leasing the Algo or making a payment, Party A confirms their understanding and acceptance of these Terms and Conditions. These Terms and Conditions are binding without requiring a signed agreement.
9. AlgoTrade Company
Company name: AlgoTrade Pte. Ltd
Company address: 68 Circular Road, #02-01, 049422, Singapore
Company registration number (UEN): 202425185M