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FXCM Letter Of Direction Form

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If new account, simply write "NEW"

Note that in order for FXCM to process the Letter of Direction Form, all positions must be closed. Funds may be transferred out of your account and into a new FXCM MT4 account. A new username and account number may be issued.

The following additional terms apply to clients utilizing FXCM MT4 Powered By Boston Technologies ("The Program"). If you utilize The Program, you agree to the additional terms and authorize FXCM to act accordingly by signing this Terms of Business.

  1. You wish to utilize The Program to execute trades and to direct trade orders and trade details to FXCM. By utilizing The Program you will not be entering trade orders and trade details directly with FXCM, but rather you will be entering trade orders and trade details through The Program, a third party. You hereby authorize and direct FXCM to enter trades for your account in accordance with trading signals generated and sent to FXCM by The Program. In consideration of opening your account, you acknowledge and agree to the additional terms and conditions, as follows:

    (a) You fully understand that the trade orders and trade details are generated by The Program and not by FXCM and that FXCM’s responsibility is to use commercially reasonable efforts to enter orders pursuant to the trade orders and trade details generated by The Program and as received by FXCM. You confirm that FXCM has not solicited, or in any other way recommended, your participation in The Program. You have made inquires and conducted research into The Program sufficient to make an informed investment decision. FXCM cannot imply or guarantee that you will make a profit from The Program and you agree that FXCM will not be held responsible for The Program’s performance or trading losses incurred in your account as a result of trading pursuant to The Program.

    (b) FXCM will enter trade orders for your account in accordance with the trade orders and trade details generated by The Program. You understand that your trading access through The Program will be provided by The Program provider and not by FXCM.

    (c) If more than one FXCM client is using the same system or service as The Program, you acknowledge that FXCM may enter block orders to enhance order execution, in which case a fair and systematic fill allocation method will be employed. You understand and acknowledge that FXCM will only be responsible for using its commercially reasonable efforts to execute, in a timely fashion, the trade orders and trade details generated by The Program. FXCM shall not be responsible for any error or malfunction of The Program, mechanical or communication line failure, system errors, data failure or any other causes beyond its control. You acknowledge that FXCM can accept and execute orders only if actually received or generated and then on a "not held" basis (i.e. FXCM shall not be held responsible for the execution of the order at the price indicated or otherwise).

    (d) You have had the opportunity to ask questions on how your account will be handled and acknowledge that you have not purchased The Program from FXCM. You understand that there is no trading system or recommendation service, including The Program, that is free from the risk of loss. FXCM does not imply or guarantee that you will make a profit and you agree that neither FXCM nor any of its officers, directors, employees, consultants, agents or affiliates will be held responsible for the performance of The Program or trading losses in your account.

    (e) FXCM may act upon the authority given by this letter of direction until you revoke the authority by written notice addressed and actually delivered to FXCM, in accordance with the instructions and details on FXCM’s website. FXCM may also terminate the authorization over The Program at any time for any reason in its sole discretion and will provide you with written notice. You shall be responsible for any open lots in your account at the time The Program is terminated. You shall permit FXCM to execute offsetting orders for any open lots in your account at the time the letter of direction is terminated.

    (f) You agree that, in the absence of willful or wanton misconduct, neither FXCM nor any of its officers, directors, employees, consultants, agents or affiliates will be held liable for any act or omission in the course of or in connection with your participation in The Program. You shall indemnify FXCM, its principals, officers, directors, employees, agents, successor and/or assigns from all losses and/or liability (including reasonable attorney’s and/or accountant’s fees) incurred or resulting from this letter of direction to utilize The Program, provided that there has been no judicial determination that such liability was the result of gross negligence or recklessness or intentional misconduct by FXCM, and further provided that the conduct that was the basis for such liability was not undertaken in the actual and reasonable belief that it was in the best interest of your account.

You will receive a confirmation e-mail notifying you when your new FXCM MT4 account with FXCM has been activated. Please allow 2 business days for processing. You will receive a separate confirmation email with your trading access from Boston Technologies within one business day of receipt of the FXCM account information.



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