Common use of RESPONSIBILITIES OF THE ANALYST Clause in Contracts

RESPONSIBILITIES OF THE ANALYST. The analyst must agree to the following obligations: - The ANALYST is bound to provide a copy of his/her passport or identity card and proof of address whenever demanded by the COMPANY for verification purposes. The ANALYST must provide the document within 03 working days. - The ANALYST is the only one allowed to execute transactions on the trading account and does not have the right to transfer the account to any third party under no circumstances. - The ANALYST certifies that (s)heis not prohibited from trading by the relevant authorities in the United States of America or in his/her country of residence. - The ANALYST agrees not to share account login information in any case whatsoever. - The ANALYST is solely responsible for any fraudulent use of the Trading accounts (s)he has subscribed to. - It is strictly forbidden to take micro scalping operations shorter than 10 seconds during the opening (first 5 minutes) and closing (last 5 minutes) of the markets. Doing so will result in the termination of the account. - It is strictly forbidden for the ANALYST to implement Hedging or similar strategies using different accounts on the same market. If the ANALYST uses such strategies, the COMPANY reserves the right to terminate all accounts without paying any compensation regardless of the ANALYST’s performance. - It is strictly forbidden to use a copy trade system. - It is strictly forbidden to use any algorithmic trading strategies, expert advisors or any Automated Trading system. - Any attempt at intentional fraud on the part of the ANALYST will lead to the termination of his/her accounts. In addition, the ANALYST will have to pay the COMPANY any damages and interests due to losses caused by the fraud. The COMPANY may cease all payments of Compensation, without notice. - In case the ANALYST owns more than one TTT Performance Account, (s)he is not allowed to trade the same Financial instrument or an underlying instrument on more than one TTT PERFORMANCE ACCOUNT in the same day. - The ANALYST does not have the right to create multiple profiles, this may result in the loss of all his/her fees. The ANALYST can have several accounts under his/her profile. The COMPANY reserves the right to limit the number of accounts per profile. - The ANALYST must make at least 1 transaction per week to keep his/her account active. In the event of long inactivity, the ANALYST must notify it, and request approval of the temporary suspension of his/her account, otherwise it can be closed by the COMPANY. The COMPANY reserves the right to close an account that has been inactive for more than 30 days. An account cancellation, accidental or intentional, due to inactivity of the ANALYST will result in its termination without the possibility of reactivating it or any compensation from the COMPANY. Any violation of the aforementioned stipulations will immediately result in the termination of this agreement and any other entered into by the ANALYST. Furthermore, any outstanding fee owed to the ANALYST on the basis of his/her performance will be forfeited.