After
the Account is Open
The main interest relies on capital preservation and
the establishment of a long relationship with any
AMP client. However, market conditions may cause the
account to enter into negative territory and stay
there for a sustained period of time making the investor
uncomfortable.
Therefore, it is the investor's right/decision to
terminate the relationship whenever he/she deems it
appropriate. It would only be required for the investor
to confirm the termination by written e-mail, in order
to close any open trades and cancel any open orders
in his/her account at the earliest, accepting any
further equity variations that may result from the
delay in the process.
(**) The signature of these documents is to ensure
that you grant Proforma powers to trade the account
on your behalf. It is important to know that filling
in the LPOA means you are only giving trading powers
to a third-party partner trader, that is, you will
remain in full control of your account and will be
responsible for any monetary transaction executed
onto it. Furthermore, you will be able to check all
the trading operations executed into your account
and cancel or terminate them at any given time if
you are not comfortable with the results obtained.
(***)AMP incentive (performance) fee is 25% of profits
generated (based on monthly higher water mark). This
means that in the event of a losing month, fee will
only be restored once previous equity highs are surpassed.
There are no other costs associated in the Program.
