YoForex Corp Account Management Agreement
YoForex Corp. ( "YoForex" ), a legally recognized entity, whose principal office is located at 27 Tunnel Ave, London SE10 0SF, United Kingdom, and We are regulated under several financial authorities, including:
- Commodity Futures Trading Commission (CFTC)
- National Futures Association (NFA)
- UK Financial Conduct Authority (FCA)
- Australian Securities and Investments Commission (ASIC)
- Cyprus Securities and Exchange Commission (CySEC)
- Malta Financial Services Authority (MFSA)
- Financial Services Commission (FSC) BVO
- International Financial Services Commission (IFSC) Belize
1. Purpose of Agreement
This contract delineates the framework wherein the Investor designates YoForex as their fiduciary operative to oversee and manage a real trading account within the foreign exchange (Forex) market. The account shall remain the Investor's possession; however, the Trade Manager shall wield full tactical discretion to administer trading activity in pursuit of potential capital augmentation.
2. Scope of Authority
The Trade Manager shall exercise independent discretion in executing trades exclusively within the forex trading domain. All trades shall be conducted under the Investor's registered brokerage account, which shall be accessible solely by the Trade Manager with the help of Expert Advisor and Copy Trading Software for execution purposes.
3. Trading Framework
YoForex uses a server based copy trading system, where trades are executed on a Master Account, replicated across connected accounts. Key parameters include:
- Prop Firm Accounts: 2% risk per trade, 4% drawdown limit.
- Real Accounts: 5% risk per trade, 15% drawdown limit.
4. Joining Procedure
At the time of joining into the account management service clients needs to pay the account handling fees (one time) at the very beginning of the service, then after that client needs to share the profit split at a regular interval. The profit split only applied after the profits earned.
5. Rules and Regulations
In the account management service, clients need to follow some basic rules. The rules are written below:
- If clients change the password of the account without informing us, then a fine of $10 will be charged.
- If clients place any trades in the respective account or closing any trades which was executed by us, then a fine of $20 per trade will be charged.
- If clients are withdraw or deposit to the respective account without informing us, then a fine of $25 will be charged.
- If there any terms of account transfer or ownership change, then a fine of $30 will be charged.
6. Refund Policy
Due to the operational cost, YoForex does not offer refunds on Prop Firm Passing or Prop Firm Management fees.
In terms of Real Account Management, if 75% of the equity is wiped out then we will issued a refund and that will be 30% of the clients actual equity.
Example:
- If you providing us an account of $500 and suppose if there will be a loss more than 75% of that $500, then we will issued a refund of 30% of that $500, which is $150.
7. Duration and Termination
This Agreement shall persist indefinitely until either party elects to terminate by furnishing written notice. Immediate termination may be invoked in instances of gross misconduct, unauthorized activity, or breach of any clause stipulated herein.
8. Confidentiality Agreement
Both parties shall treat all trading strategies, account data, and sensitive financial information with utmost confidentiality. This clause shall survive termination and continue to be enforceable for an indefinite period.
9. Changes to the Agreement
We reserve the rights to the update and changes into the agreement in the future for providing the better service.
10. Acknowledgment of Understanding
The client needs to acknowledge and agree with this agreement to the proceed further for entitled into the Account Management Service. Both the YoForex Corp and Investor confirm full comprehension of the terms contained herein and agree to abide without reservation.
YoForex Corp Account Management Agreement
Last updated: 26-04-2025