VSTAR Copy Trading (hereinafter referred to as "Copy Trading Service" or "Copy Trading") is a service that allows users (hereinafter referred to as "Copy Trading User" or "You") to copy the trading activities of other traders (hereinafter referred to as "Traders" or "Traders") . You cannot be a copy trader or a trader at the same time.
The terms and conditions set out in this attachment apply to your use of the Copy Trading Service of this platform. Before proceeding to the next page, you must declare that you have read, understood and agreed to the terms set out in this attachment.
The terms of this attachment apply to you as an additional term to the platform's "Terms and Conditions", which apply to all services including copy trading. In the event of a conflict, the terms in bold in this attachment shall prevail. Unless otherwise defined, the terms used in this attachment have the same meaning as those used in the "Terms and Conditions". By using the Copy Trading Service, you agree to the terms of this attachment and the fees charged by us or traders.
Risk Disclosure
Please note that this risk disclosure is a supplement to any risk disclosure related to any trading products on this platform. Before deciding to follow a trader or traders, investment strategies and/or portfolios, you need to consider your own financial situation, including your financial commitments. You should understand that copy trading is highly speculative and you may suffer significant losses that exceed the principal invested by the user. You should pay special attention to the following risks associated with copy trading:
- Copying involves automatic execution of transactions, that is, the transactions in your account will be automatically opened and closed without manual intervention or further instructions from you;
- If you manually modify or close the orders under the copy function, the results obtained may be significantly different from the results obtained by the traders you follow;
- If the copy amount or transaction volume is less than the minimum transaction requirement (as Trading rules), it will not be possible to open a position.
- If the trader you follow withdraws funds, it will also cause a significant difference between your profits and the trader's profits. This is due to a number of different factors, including your account initial balance, the impact of differences in transaction ratios, the minimum transaction size, your account settings, and the difference in spreads, interest and investment prices when you invest, including possible differences in handling fees.
- Following the trading decisions of inexperienced and/or non-professional investors is risky. We make no representations about the professionalism, skills and prudence of the traders you follow;
- The ultimate goals or intentions or financial status of the traders you follow may be different from yours;
- The traders or portfolios you follow may trade or contain products that are not available to you (due to applicable laws, etc.), and if equivalent alternative transactions cannot be executed, the returns, portfolio composition, risk level and other factors of your portfolio will be different from those of the investors you follow or the portfolios you copy.
Liquidity Risk Warning
When there are a large number of copying users of the same trader, the platform needs to trigger all copying instructions synchronously at the moment the trader places an order, which may form a large number of same-direction trading demands in a very short period of time.
Due to limited market liquidity, the price you actually trade may be different from the price when the trader places an order (i.e., "slippage" phenomenon).
Example:
Suppose a popular trader chooses to buy at the price of NAS100 at 15150.00.
Since dozens or even hundreds of copy trading users automatically trigger orders at the same time, the market's instant pending orders are quickly consumed, and the actual transaction price may change as follows:
- Some customers trade at 15150.50
- Some customers trade at 15151.00
- Subsequent transactions may be at 15152.00 or even higher. Price deviations are normal market liquidity shocks, not human manipulation, and do not affect the authenticity of copy trading.
Transaction risk warning
- When a specific market fluctuates violently or the liquidity of a product is insufficient, copy trading orders may be partially traded, delayed, failed or rejected.
- The above situation is a normal market transaction feature. The platform will do its best to ensure transaction efficiency, but will not be liable for compensation for transaction differences caused by market liquidity.
Price difference risk warning
- Copy trading achieves the synchronous triggering of the trader's order action, but does not guarantee that the transaction price and transaction time are exactly the same as the trader.
- The transaction price is affected by multiple factors such as market quotes, liquidity depth, delays, etc., and the copy trader needs to assess the relevant risks by himself.
Trade Execution
On the Platform, you can use the information and "copy trading" provided by the Platform to interact with other traders and follow other traders, investment strategies and/or portfolios. The social trading function includes detailed account information, transaction records, risk profiles and other information related to the trader's strategy and/or portfolio, which may help you decide whether to follow the trader, strategy and/or portfolio.
Copy trading is a trading function that allows you to follow other traders' accounts. You can follow a specific trader or follow a copy trading portfolio. By placing a copy trading instruction on the Platform, you authorize and instruct us to execute trades for your account and automatically mirror the trader's account configuration to the maximum extent permitted by the service or copy trading function. For the relevant limits, please refer to the disclosures of the Platform from time to time without any prior consultation and consent. Copy trading will be executed on a pro rata basis and based on the same product and the same trading instructions. Therefore, we are authorized to open and close positions, set limits and perform all other operations required to provide copy trading services.
We may not be able to execute the copy trades of the trader or copy portfolio completely and accurately for the following reasons:
- You or your account cannot perform the transaction due to applicable laws or other reasons.
- If the transaction amount or transaction volume is lower than the minimum limit, we will not open a position.
Limitation of Liability
We will provide copy trade services "as is". To the maximum extent permitted by applicable law, we make no warranties and representations about the quality of the platform and services. You must bear the risk of using our services at your own risk. If the foregoing disclaimers and liability exclusions are deemed invalid or void, then in no event and under all legal theories (tort, contract, strict liability or otherwise) will we or any of the Indemnified Parties be liable to you or any other person for any damages of any nature, whether direct, indirect, special, incidental or consequential damages, arising out of or in connection with the use of the Platform, Site, Third Party Content or any Account, including damages for trading losses, loss of information, business interruption or loss of profits, loss of savings, loss of data, or any liability under any contract, negligence, strict liability or other theory, or based on any claim or demand by any third party, even if we know or have reason to know of such damages, claim or demand.
In addition, to the maximum extent permitted by applicable law, we will not be responsible for (i) any actions taken to execute your copy-related instructions or (ii) any decisions made or actions taken by you regarding the traders or strategies you choose to follow.
We have the right to evaluate whether copying is a suitable transaction for you and under what conditions (hereinafter referred to as the "Suitability Assessment"). If we conduct a suitability assessment, the result of the assessment is determined based on the information and documents you provide us upon request (which you may update at any time).
We may create an investment profile based on your suitability assessment and your copy trading will be subject to the suitability assessment. If we believe that copy trading is not an appropriate investment tool for you, you will not be allowed to use the copy trading function of the platform. We will not be responsible for any losses you suffer as a result of you providing false or misleading information in connection with the suitability assessment, which results in an inaccurate investment profile created by us.
Notwithstanding the above provisions, which will be implemented to the maximum extent permitted by applicable law, copy trading should not be equated with any form of investment, portfolio or asset management.
To the maximum extent permitted by applicable law, our copy trading services or functions are not equivalent to any personal investment recommendation, investment advice, tax-related advice or any other form of financial advice.
Any explanation or information we provide to you as part of the service, or explanation or information about copy trading performance is not intended to be and should not be regarded as any form of investment advice. Any information we provide through the platform is for informational purposes only.
You may use the information gathered from the Official Website or Social Trading Features as a starting point for your independent research and investment decisions. However, you should not make investment decisions based on the information provided by the Platform or the Community.
We will take reasonable steps to monitor the performance of traders followed under any Copy Trader Feature and the performance of the Copy Trader Service Feature.
We reserve the right to suspend, stop or block: (a) any trader followed under the Copy Trader Feature; and (b) any portfolio or trading strategy followed under the Copy Trader Feature. In such event, any open trades resulting from the Copy Trader or Copy Trader Portfolio feature will be closed.
We reserve the right to terminate the Copy Trader or Copy Trader Portfolio feature at our discretion, including if you no longer meet the standards for obtaining the service or if the provision of our services is not feasible under any applicable regulations or rules, and will notify you in writing.
We may also terminate the Copy User or Copy Portfolio service if we suspect or have reason to believe (i) prohibited trading activities, including manipulative or abusive trading practices; (ii) suspected fraudulent provision of false information during the account opening process; or (iii) other malicious behavior by you.
Upon termination of the Copy User or Copy Portfolio service, open trades under such features will be closed.
We reserve the right to amend the Copy User or Copy Portfolio service terms without prior notice.
Disclaimer
We make no representations or warranties regarding the performance of any investor, investment behavior, account, portfolio or strategy. We do not guarantee that the past returns of the traders or portfolios you choose to follow can be repeated, nor do we guarantee that the gains you make (or losses you suffer) will be exactly the same as the gains (or losses you suffer) of the traders or portfolios you follow.
Past performance, risk scores, statistics and any other information about Platform Copy Users and/or traders under the Copy Portfolio feature, or information about different portfolios and trading strategies under the Copy Portfolio feature, should not be considered a reliable indicator of future performance.
We make no representation or warranty that you will be able to achieve gains or losses similar to those shown by the copied users or portfolios.
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