Legal
disclaimer
Important Legal Information
The information contained in this web site is
not for use within any country or jurisdiction
or with any persons where such use would constitute
a violation of law.
This Web site is issued by Proforma, which is
a United States-based company. The company is
not regulated as a financial advisor or investment
manager, and as such, it won?t ever accept funds
from any third party nor have any control over
them.
The presentation of the Asset Management Program
(AMP) on the inside pages as well as the dissemination
of the given information may depend on local regulations.
There is no intention to offer or sell products
in countries or jurisdictions where such offer
or sale would be unlawful under the relevant domestic
law. Investors must inform themselves about the
laws which are in force in their country or jurisdiction.
Liability Waiver
Under no circumstances, including, but not limited
to, negligence, shall Proforma or any of the AMP
principals be held liable for any special or consequential
damages that result from the access or use of,
or the inability to access or use, the materials
on this web site.
DISCLOSURE
*The delivery of this disclosure document at
any time does not imply that the Information contained
herein is correct as of any time subsequent to
the date it has been written.
*Neither Proforma or any of their principals are
registered with any known financial commission.
*By not being a regulated investment manager,
Proforma, its principals and the principals managing
the managed accounts program (map) are prohibited
by law from accepting customer funds for trading;
all customer funds must be deposited directly
with a futures commission merchant.
*Proforma and its AMP operate exclusively in the
Off-Exchange Foreign Currency Market (Forex) and
in any event trade securities, futures or options.
*All clients' funds are directly deposited and
held in their very own name in a FUTURES COMMISSION
MERCHANT (FCM). AMP principals only trade such
funds based on a Limited POA (Power of Attorney)
issued by the client, serving as the legal base
for any trading relationship that might exist.
*In no event will Proforma or any AMP principal
will act as counterparty for any transaction executed,
accept investors' funds directly or when having
control over them.
RISK STATEMENT
The risk of loss when investing in spot foreign
exchange market can be substantial. You should
therefore carefully consider whether such Investment
is suitable for you in light of your financial
condition.
This kind of investment involves substantial risk
and is not for all investors. Investment in the
currency exchange is highly speculative and should
only be done with risk capital. The high degree
of leverage that is often obtainable in foreign
exchange trading can work with or against you.
The use of leverage can lead to large losses as
well as gains.
This brief statement cannot disclose all of the
risks and other significant aspects of the foreign
exchange markets. Therefore, you should carefully
review the disclosures contained in both the market
maker?s trading agreement and the introducing
broker?s limited power of attorney (LPOA) to determine
whether such investment is appropriate for you
in light of your particular financial condition.
PRINCIPAL RISK FACTORS
Forex Markets
Trading Forex involves a relatively HIGH DEGREE
OF RISK compared to other types of investments.
Before investing in Forex, a prospective client
should consult his/her financial advisor(s) to
inform themselves fully on Forex trading and to
determine if Forex is suitable for their investment
needs. Forex trading involves many risks. Here
is information to become familiar with some of
the more significant risks. Trading is Speculative
and Volatile
Foreign currency prices are highly volatile. Price
movements for currencies are influenced by, among
other things: changing supply and demand relationships;
trade, fiscal, monetary, exchange control programs
and policies of governments, US and foreign political
and economic events and policies, changes in interest
rates and inflation rates; currency devaluations
and revaluations; and marketplace emotions. None
of these factors can be controlled neither by
Proforma nor by any of the AMP principals and
no assurance can be given that the AMP service
will result in profitable trades for any customer,
or, that a customer will not incur losses. Account
leverage magnifies the impact of currency volatility
on margin requirements of open positions.
Forex Trading is Leveraged
Any event which adversely affects the value of
an investment would be magnified to the extent
leverage is employed and will result in greater
losses than would be realized if leverage were
not used.
Potential Illiquidity of Forex Market
Forex positions cannot always be liquidated at
the desired price. This can occur when the market
is "thinly traded" (i.e., a relatively
small volume of buy and sell orders). Prices are
quoted, and the markets can be traded via the
Market Maker 24hrs per day between 10.30pm GMT
on Sundays and 8.00pm GMT on Fridays. The AMP
will often trade the Customer?s account based
upon an undisclosed and possibly variable schedule,
when the markets are open. Reliance on Proforma,
SL and/or the AMP and its principals
No assurance can be given that the techniques
and strategies of the AMP will be profitable in
the future, or that the services of the AMP will
be available to you in the future. The specific
details of the MAP?s trading model are proprietary;
consequently, you will not be able to determine
the details of that model. AMP principals may
alter its trading model when it determines that
a change is in the best interest of its customers,
and may not necessarily notify the customer of
those changes.
No assurance can be given regarding the stability
or credibility (past, present or future) of the
chosen broker. If the client is unsure as to whether
or not they are comfortable putting their funds
with a specific broker, the client needs to conduct
additional due diligence. AMP principals will
not be held responsible for any actions, omissions,
errors or misconduct, conducted by a broker that
has any affect on a clients account(s), negative
or otherwise.
The client assumes all responsibility when they
place their funds with a specific FCM and should
carefully consider the broker before doing so.
The foregoing list of risk factors does not purport
to be a complete explanation of the risks involved
in forex trading. Potential investors should read
the entire disclosure document and consult with
their own financial and tax advisors before deciding
to invest.
Professional Forex Management Corp. is registered
under number:IBC 52.289 in Belize
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