JT TRADING SERVICES L.L.C-FZ (trading as Forex Masterclass), COMPANY REGISTERED IN DUBAI, FORMATION NUMBER 248639 WITH A REGISTERED OFFICE AT MEYDAN GRANDSTAND, 6TH FLOOR, MEYDAN ROAD, NAD AL SHEBA, DUBAI.

Conditions of Enrollment

SET OUT BY THE FOLLOWING TERMS WHICH ARE AGREED BY ELECTRONIC SIGNATURE VIA “ENROLLMENT FORM”.

1) Definitions

i) The definitions in these terms and conditions are:

  • “Chart+ Tools” – means any bonus trading tools provided when the course fee and the monthly subscription for webinars and masterclasses is paid.
  • “Commencement Date” – means the date that you entered into this Agreement.
  • “Course Content” – means the digital content, courses, webinars and resources as described on the first page of this Enrolment Form Electronic Agreement, available to you during the Course Period.
  • “Course Fee” – means the total amount paid for the Course which will be specified in your invoice and on the first page of this Enrolment Form Electronic Agreement. For clarity, the Course Fee also includes any non-refundable Deposit.
  • “Course Period” – means the granted access period for Master Classes/mentoring sessions/Profit Share Account (as defined per clause 5 of this Agreement).
  • “Courses” – means the Digital Courses included in your programme which are detailed on Page 1 of this Enrolment Form Electronic Agreement.
  • “Deposit” – means 20% of the total Course Fee paid on the date of this Agreement.
  • “FMC Associates” – means all of FMC, and its agents, officers, employees, affiliates, speakers and sponsors.
  • “FMC”, “we”, or “us” – means JT Trading Services L.L.C-FZ FORMATION NUMBER 248639.
  • “Initial Balance” – means the initial starting open value of your Profit Share Account.
  • “IP Rights” – means patents, trademarks, copyrights, database rights, design rights, applications for registration of any of the foregoing, and all rights of like nature arising or subsisting whether registered or unregistered.
  • “Masterclass” – means access to our webinars online.
  • “Materials” – means any materials created or distributed by FMC in connection with the Courses or Masterclasses.
  • “Mentoring Sessions” – means access to Mentoring sessions with an FMC mentor (group or individual as per our discretion), as described on the first page of this Enrolment Form Electronic Agreement.
  • “Net Profit” – means the profit you have made on your Profit Share Account that is over and above the Initial Balance.
  • “Personal Data” – means contact details including name, email address, and telephone number.
  • “Recording” – includes still images, resources, videos, and audio recordings.
  • “Remainder” – means the Course Fee minus any sum you have paid towards it (Deposit or any other sum).
  • “Repeat courses” – means the ability to, (subject to availability), attend a repeat course.
  • “Risk Assessor” – means an appointed FMC risk assessor.
  • “Risk Management Rules” – means the document containing the required risk management rules required on the profits share account as provided to delegates at FMC’s discretion.
  • “Strategies” – means the trading strategies provided in the Chart+ Software and its integrated tools.
  • “Terms and Conditions” – means these terms and conditions outlined.
  • “Profit Share Account” – means a Profit Trading account as per clause 5 of this Agreement.
  • “Waived Margin” – can mean a fixed amount allocated to the Profit Share Account and utilized.
  • “Working Day” – means a day (other than a Saturday, Sunday or public holiday) when clearing banks in the City of London are open for the transaction of normal business banking.
  • “You” – means the customer who has entered into this Agreement affirmed by your electronic signature on the enrolment form.

ii) The headings of clauses and paragraphs shall not influence the interpretation of this Agreement.

2) The Course

  • i) Upon full payment of the Course Fee, you will gain access to the Course Content.
  • ii) The Course Content is provided in digital format and accessible through the Chart+ Software Education Portal, which requires a monthly subscription for access.
  • iii) You have until the expiration of your Course, starting from the date of this Agreement, to complete the Course Content and Mentoring Sessions, unless otherwise stated in writing by FMC.

3) Fee and Payment

  • i) A minimum deposit of 20% of the Course Fee is due on the Commencement Date. The Course Fee covers only the cost of the Course and does not include the Company Trading Account. The remaining balance of the Course Fee must be paid within 7 days of the date, unless FMC agrees to different terms.
  • ii) Admission to the Course Content will be limited until the full Course Fee is paid. Once the full payment is received, you will be granted complete access to all components of the Course Content as specified in your enrolment form
  • iii) The Deposit that is paid is non-refundable.
  • iv) You will not be eligible for a refund of the Course Fee if you fail to book, complete, or utilize any Courses, Mentoring sessions, or other components of the Course within the Course Period.
  • v) If you are not able to attend any booked Courses, repeat courses, Masterclasses or Mentoring sessions, notification must be made to FMC in writing at least 48 hours in advance. Any rescheduling of the mentioned will be at FMC’s discretion and subject to availability.
  • vi) By signing this Agreement, You acknowledge and authorise FMC to debit the Deposit and the Remainder of the agreed course fee, from the credit or debit card provided on the mutually agreed dates on the Commencement date.
  • vii) If you do not pay the remaining balance of the course fee by alternative means within the time frame specified in clause 3.i, you hereby authorize FMC to charge the remaining amount to the same card.
  • viii) If you do not pay the course fee as per this agreement, we reserve the right to transfer your outstanding account to a third-party collection’s agency.
  • ix) If You fail to pay the Course Fee in full at least 24 hours prior to the day You are scheduled to attend your first Course, FMC reserves the right to refuse your participation.

 

4) Intellectual Property

  • i) FMC shall retain exclusive ownership of all intellectual property rights in the Materials, Recordings, and any other content created while providing its services.

5) Profit Share Account Eligibility

  • i) To receive a Profit Share Account, you must satisfy the following minimum requirements:
    • a) You must have paid the Course Fee in its entirety.
    • b) You must have an active subscription to the 1 Hour Masterclasses and have access to the Chart+ platform as a bonus.
    • c) You must show on a designated Chart+ account that you have achieved a minimum of 3% (of Initial Balance on designated account) profit per month over a 3 consecutive month period which demonstrates your successful application of our strategies and risk management.
    • d) You must not have risked more than 1% of your Initial Virtual Balance on any single trade placed on your qualification account.
    • e) You must not exceed 10% drawdown (more than 10% of your designated accounts initial balance) within the 3-month qualification period or more than 5% in a single day.
    • f) You must provide your Chart+ trading performance section to the FMC Risk Assessor to demonstrate you meet the criteria in the clauses above.
    • g) You will only use FMC Strategies and techniques taught on our courses. In addition, this qualification period is to measure your analysis ability. Please note analysis or ideas from our Masterclass’s is educational in nature and should not be copied to any accounts or used in your qualification account.
    • h) You must have qualified for the profit share account during the course period.
  • ii) The Profit Share Account will be opened the exact Initial Balance stated on the Page 1 of this Electronic Agreement Enrolment Form. Your profit share account will be made up of virtual funds. We however at our discretion may change this to cash /waived margin Profit Share Account (cash/waived margin not provided for US clients). For either account, any valid profits made will be honoured as per this agreement. For the waived margin Profit Share Account.

6) Management and Operation of Account

  • i) If you have received a Profit Share Account, you must comply with the terms and conditions set forth below in this clause, 6 and clause 7. You acknowledge that you are holding a Profit Share Account is subject to such terms and conditions (and clause 8)
  • ii)You may only use the Profit Share Account within the criteria set out by FMC, and in accord with (a) these Terms and Conditions and (b) such guidelines as may be provided to You by FMC in the future.
  • iii)You will only use FMC Strategies and techniques taught on our courses, or those approved by the Risk Assessor in writing. In addition, this profit share account is to measure your analysis ability. Please note analysis or ideas from our Masterclass’s is educational in nature and should not be copied to any accounts or used on your profit share account.
  • iv)You will place at risk no more than 1% of your account balance on any one trade and a total trade risk threshold of 5%. If your Profit Share Account Initial Balance is over 100,000 British Pounds Sterling or US Dollars or if your New Net Profit takes your account balance to 100,000 British Pounds Sterling or US dollars or more then you must not exceed a trade risk threshold of more than 0.5% of your account balance on any given trade and also adhering to a maximum total trade risk threshold of 2.5% of the account which constitutes to a maximum of 5 open positions at any given time. Each open trade must be placed across different asset classes and using the correlation matrix to ensure each individual trade mitigates as much shared risk possible. Furthermore, when over the 100,000 GBP/USD account size thresholds, no more than 1% can exposed using the same instrument across all active trades. Trade with a maximum reward to risk ratio of 3:1.
  • v) You may not go down by more than 5% of your Initial Virtual Balance.
  • vi) If clauses 6.ii through to 6.v are broken, Your Profit Share Account will immediately be put in a state of temporary suspension and assessed by the Risk Assessor, who may advise further training or mentoring. If the Risk Assessor is content that you can continue, constraints on the Profit Share Account will be lifted, however this is at the Risk Assessor’s discretion based on the reasonable judgement formulated from the review
  • vii) On a waived margin account money including the balance of your Profit Share Account belongs to FMC. You shall have no rights in or to such money other than the ability to use it to trade, while your account remains open, in accordance with these Profit Share Account Terms and Conditions. Should your account be closed or deactivated, you shall be entitled to your profit share of any Net Profit under clause 7, but shall have no right to any other monies in your account, which shall belong to FMC.
  • viii) Due Financial regulations, FMC is not authorised to engage to hold client money and therefore you are not permitted to top up your Profit Share Account with your own funds. However, you may add funds to your personal brokerage account
  • iv) FMC reserves the right to access your Profit Share Account at any time, to perform risk assessments and due diligence on your Company Trading Account.

7) Invoicing and Profit Share

  • i) You will receive 90% of any Net Profit that You make (your “Profit Share”) and FMC will be entitled to 10%.
  • ii) If, at the end of any calendar quarter, your Virtual Profits Share account stands in closed and realised profit (i.e., You have made realised Net Profit), You may claim your Profit Share. This is only applicable to closed positions and does not include any open P&L.
  • iii) To claim your Profit Share, you must submit an invoice to FMC at the end of the calendar quarter. FMC will retain the remaining 10% of the New Net Profit.
  • iv) After You have received payment of your first invoice, you will be eligible to compound future profits made on your Profit Share Account, subject to the written consent of the Risk Assessor.
  • v) You can accrue Net Profits for up to a maximum period of 12 months, at which time you must submit an invoice to FMC for the full amount of your Profit Share on such accrued and accumulated Net Profits. FMC will always take out its 10% of Net Profit at the end of each calendar quarter.

8) Period and Dissolution

  • i) The Profit Share Account may be terminated in the following circumstances:
    • a) If you breach risk rules or display unprofessional behaviour.
    • b) If you cancel your subscription and do not have access to Chart+.
    • c) If your Profit Share Account is dormant for more than 50 Working Days.
    • d) If required by law or regulation.
  • ii) You will be notified in writing if your Profit Share Account is to be closed.
  • iii) When your Profit Share Account is closed, any Net Profit owing to you (being your Profit Share of any such Net Profit) will be paid to you within 30 Working Days. However, if the Profit Share Account is revoked for a serious breach, fraud, dishonesty, or behaviour that brings FMC into disrepute, any Net Profit (including any Profit Share) may be retained by FMC.

9) Liability

  • i) FMC and FMC Associates shall not be liable to You or any other third parties for any loss or damage (including, without limitation, damage for loss of business or loss of profits or anticipated savings) arising directly or indirectly from your use of the Material or which was not reasonable and foreseeable when this Agreement was entered into, or which was not caused by any breach by FMC.
  • ii) To the extent not prohibited by law, the total liability of FMC and FMC Associates, in contract, tort, misrepresentation, or otherwise arising in connection with this Agreement shall be limited to the Course Fee paid by You.

10) Warranties and Acknowledgements

  • i) FMC’s services will be provided with reasonable skill and care. FMC makes no other warranties about its service. All implied warranties and conditions are hereby excluded, to the fullest extent permitted by law.
  • ii) This Agreement constitutes the whole agreement between the parties and supersedes all previous agreements between the parties in relation to its subject matter. Each party acknowledges that, in entering into this Agreement, it has not relied on and shall have not right or remedy in respect of, any statement, representation (save for any fraudulent representation), assurance or warranty (whether made negligently or innocently) other than as expressly set out in this Agreement.
  • iii) You acknowledge that this Agreement shall not be amended (other than to allow for variations to reflect changes in the law, meet regulatory requirements or reflect new industry guidance and code of practice) unless agreed with FMC in writing, any such amendments will require both your signature and the signature (not email) of a director of FMC. Any alterations requested by You may be agreed in writing by e-mail and will form a legally binding term of this agreement.
  • iv) You acknowledge that FMC and FMC Associates are not brokers or investment advisers and that FMC, FMC Associates have not represented to You that a profit can be made from any investment activity whatsoever. Any investment examples cited are for illustration purposes only and are not recommendations. Any decision to invest in any finance or investment product is made solely by You, and FMC, FMC Associates have no liability to You in respect of any such activities or the consequences thereof. You should consider seeking advice from a regulated financial advice or stockbroker should you wish to make investments.
  • v) Chart+ tools provided by FMC are bonus features for programme participants who have paid the course fee and continue to pay their webinar subscription fee. FMC reserves the right to change or improve these at its discretion.

11) Cancellation

  • i) Subject to clauses 11.ii and 11.iii, You have the right to cancel this Agreement within 14 days from the Commencement Date (the “Cancellation Period”) by emailing [email protected] with the subject “Cancellation” or by using the cancellation form provided in Schedule 1 below. If you cancel within this period, any payments made towards the Course Fee will be refunded. Cancellation or termination of this agreement after fourteen-day period will not relieve you of your obligation to pay the Course Fee, and FMC will not be required to refund any portion of the Course Fee paid.
  • ii) You accept and agree that the Course Content, for which the Course Fee is paid, consists of digital content. You will be deemed to have used this digital content upon first accessing any part of the Course Content. If you access the Course Content within the first 14 days of this Agreement, you consent to the immediate provision of the Course Content and understand that any payments made will become non-refundable thereafter.
  • iii) Cancellation or termination of this Agreement shall be without prejudice to any rights which have accrued prior to such date. The rights and obligations contained in clauses 1, 4, 5, 6, 7,8, 9,10,12 and 13 shall survive any termination or cancellation.

12) Miscellaneous

  • i) This Agreement is personal to you. You are not permitted to assign, transfer, subcontract, or otherwise transfer any rights or obligations under this Agreement without obtaining prior written consent from FMC, which shall not be unreasonably withheld or delayed. We reserve the right to transfer this Agreement to any party at any time.
  • ii) A person who is not a party to this Agreement shall not have any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any terms of this Agreement.
  • iii) This Agreement shall be governed by United Arab Emirates law. The parties irrevocably agree that the courts of UAE shall have the exclusive jurisdiction to settle any dispute or claim arising under or in connection with this Agreement.
  • iv) Third Party Brokerage Risk Warning: Their services include products that are traded on margin and carry a risk of losses more than your deposited funds. The products may not be suitable

13) Data Protection

  • i) We are committed to ensuring we treat personal data lawfully and place high importance on the correct, lawful, and fair handling of all personal Data, respecting the legal rights, privacy, and trust of all individuals with whom it deals. By entering into this agreement Subscriber agrees to provide us with such information as we reasonably request from time to time to assist us with provision of the products and services under the Agreement.
  • ii) By subscribing to our service, your personal data may be shared with online order execution services that you use in connection with the software, or with third parties for processing your personal information, in accordance with our instructions and subject to appropriate confidentiality and security measures. For more details, please refer to our Privacy Notice: https://forexmasterclass.com/cookie-and-privacy-policy/.
  • iii) By entering into this Agreement, you accept and consent to FMC sharing your Personal Data with third parties for the purpose of providing certain services under this Agreement. You also consent to your Personal Data being shared with FMC’s partners and subsidiaries, and you may receive communications related to either. If you do not wish for your information to be shared with FMC Partners, please email [email protected].