Common use of Xxxxxx Trading Clause in Contracts

Xxxxxx Trading. 5.1 At the request of the Client, the Company shall activate “social trading” service in the Client’s account, as provided by a third party (herein after: “Sirix” or the “System”). 5.2 Sirix allows the Client to observe and activate in his account transactions according to actual transactions conducted by other Client of the Company and third parties(the "Traders"). Choosing the Trader is done exclusively by the Client, as well as the commencement and termination of following the Trade's account. 5.3 There are two options to copy the Trader's transactions: (1) by a fixed volume, regardless of the volume of the original transaction; Or- (2) by allocating an amount available for copying, unrelated to the Trade's transaction, and the ratio between the Trader's transaction and the transaction executed in the Client's account shall by determined according to the ratio between the amount allocated to the Client's transaction and the volume of the Trade's transaction. 5.4 The Client has, at any time, the option to independently close any transaction, or alternatively, through the trading room. 5.5 Trader's Rating or past performance or any other information published in connection with the Trader, shall not be considered as advice, promise or guarantee of future success. The Company may direct or present to the Client specific Traders, without the aforementioned being considered as a recommendation to follow any specific Trader and/or for making use of the System. The Company is not engaged in any arrangement with any of the Traders within the system. 5.6 Trading based solely on copying other Traders is not recommended. 5.7 The Company does not guarantee that all of the Trader's trading orders shall always be correctly copied and/or executed in the Client's account, including orders to open or close a transaction. Therefore, the Client should carefully monitor the open transactions in his Account. 5.8 The Client is full responsible to perform ongoing monitoring over his Account and the risk level to which the Account is exposed. The Company does not supervise over the performance of the service and/or Traders, trading methods being taken, trading volume, suspension of trading by the Trader etc., and is not obligated to alert the Client of any risk; The full responsibility for the Transactions in the Client's account is on the Client, and the Client hereby waives, in advance, any claims regarding the results and/or the scope of activity in his Account with respect to following Traders. 5.9 The information, content and services in Sirix are offered "as is" and the Company and its representatives shall not bear any responsibility for the services suitability to the Client's needs or goals. The Company does not guarantee the quality and accuracy of information, fitness for any purpose, completeness, reliability, integration and compatibility to any computer program on the Client's computer, and does not guarantee that use of the services will be uninterrupted and/or will be immune to disorders and/or failures and/or malfunctions and/or any damage.