Mimic.Trade Terms of Service and Refund Policy
Mimic.Trading Tiers and What They Include
Tier 1: Continuous Auto Trading
– By choosing this option, you agree that your auto trading connection will remain active continuously until you manually disconnect it.
– All trades, whether simulated or live, will be executed in your live brokerage account.
– You acknowledge and accept the inherent risks associated with continuous auto trading, including the potential for significant losses.
– Blown evaluation or funded accounts will not be reimbursed, and you will be required to start over, utilizing one of your allotted evaluation passes.
Tier 2: Synchronized Auto Trading
– By selecting this option, we will only trade your account when we are actively live trading. No simulated trades will be transmitted to your live account.
– We will reimburse 50% of your account’s monthly cost in the event of a blown account (up to 2x).
– Trades will be executed only when we are confident in favorable market conditions, reducing the risk of losses.
– There may be days when we do not execute trades due to unfavorable market conditions, potentially resulting in slower profit accumulation.
Trading Approach Clarification
For tier 1 (continuous auto trading), we do not randomly place trades, but we do not test the market before executing trades on your account. We rely on our strategy and analysis to make informed trading decisions.
Service Level Agreements (SLA)
Tier 1 (Continuous Auto Trading) SLA:
– We will trade your live account at any time we trade, whether in simulation or live.
– Your account will be traded a minimum of 4 days a week, excluding market holidays.
– Stop losses will be limited to a maximum of $700 for the day; if hit on our account, no further trades will be made for the day. If weekly losses exceed $1500, we will not trade for the remainder of the week.
Tier 2 (Synchronized Auto Trading) SLA:
– We will trade your live account only during our live trading sessions; no simulated trades will be transmitted.
– Your account will be traded at least 3 times a week, unless market conditions prohibit sound trades.
– Stop losses will be limited to a maximum of $500 for the day; if hit on our account, no further trades will be made for the day. If weekly losses exceed $1100, we will not trade for the remainder of the week.
Once signed up for any of our services, there will be no refunds provided in any circumstances, which is outlined clearly in our general terms of service and refund policy. There are no guarantees regarding profits or outcomes, and past results do not necessarily predict future results.
For any auto trading users, especially when selecting ‘Continuous Auto Trading’, please refrain from daily requests for trading updates. We do not mind reasonable inquiries after an unreasonable period (more than 3 days) but consider daily inquiries unacceptable.
Auto Trade Disclaimer
Mimic.Trade provides the following disclaimer regarding its Auto Trade services:
1. No Trading Advice: Mimic.Trade does not provide advice, consultations, or assistance to traders regarding the content, recommendations, or strategies found in any advisor or trade alert executed by any advisor.
2. Options and Futures Risk: Options trading carries inherent risks, and futures trading also involves significant risks. These trading activities may not be suitable for all investors. Prior to engaging in options and futures trading, you must be approved for these trading types and review the Characteristics and Risks of Standardized Options and the specific risks associated with futures trading. A copy of the Characteristics and Risks of Standardized Options can be obtained by emailing support@Mimic.Trade. Online trading involves risks such as online service loss, system delays, risk parameters, market conditions, and potential inaccuracies in market data.
3. Due Diligence: Before entering into Auto Trading, it is crucial to conduct thorough due diligence to ensure that Auto Trading aligns with your investment strategy. Mimic.Trade will not review your choice of a trade group, trader, or the strategies implemented in your auto trading account. Additionally, Mimic.Trade will not review the transactions executed in your account, and there is no guaranteed trading strategy.
4. SEC Release: We recommend reading the SEC release on the risks of auto trading at http://www.sec.gov/investor/pubs/autotrading.htm.
5. Investment Object: As an Auto Trader (follower), your investment objective is speculation, which will be recorded as such in Mimic.Trade’s records. Our sole responsibility is to execute transactions for your account. You must ensure that the funds you invest in Auto Trading are funds you can afford to lose without affecting your standard of living.
6. No Endorsement: Mimic.Trade does not provide any warranties or endorsements for trade groups, traders, advisors, or auto trading strategies. We simply list various entities that offer auto trading information.
Additional Auto Trade Disclosures
– Mimic.Trade is not liable for lost profits, trading losses, or other damages resulting from online service loss, communication delays, or trade alert receipt delays. You are at risk due to electronic system errors, communication issues, and market timing discrepancies.
– You have full control over starting, stopping, or changing your auto trading status. Auto trading will continue indefinitely until your subscription expires, you notify Mimic.Trade of changes, or your account lacks sufficient equity.
– Mimic.Trade does not endorse the privacy practices or accuracy of content on external websites. Use of such sites and services is at your own risk, without guarantees or warranties from Mimic.Trade.
Auto Trade Terms & Conditions
– Auto Trade services by Mimic.Trade are exclusively for its customers. By enrolling in these services, you authorize us to execute securities transactions based on your signed Auto Trade dashboard instructions and standing orders.
– It is your responsibility to evaluate your investment strategies, select a trade group that aligns with your criteria, and review their experience, credentials, and performance. Mimic.Trade does not review these factors and does not endorse or recommend any trade group or trader.
– Auto Trade customers must carefully read, sign, understand, and consent to the terms of the auto trading agreement. You must update your account information promptly. If you cancel your subscription or wish to terminate it, you must make the necessary adjustments within your dashboard and with your trade group.
– Mimic.Trade does not record subscription expiration dates. We will continue processing orders based on your parameters unless you make required changes via our secure web-based platform or your account lacks sufficient equity.
– We do not review, evaluate, rate, or endorse trade group services or performance. We act solely on specific instructions as an executing broker. We do not exercise discretion over customer accounts.
– Auto Trade customers are responsible for understanding trade alerts, advice, instructions, and associated risks. Mimic.Trade reserves the right to discontinue a trader’s participation in Auto Trade services.
– Orders may be subject to rejection for various reasons, and customers are responsible for reviewing their trade activity.
– Mimic.Trade may amend the Auto Trade Terms and Conditions without prior notice. Continued participation implies acceptance of amendments.
Additional Disclosure for Accounts Trading Options
– Options trading involves special risks and can be volatile, potentially leading to a total loss. Options are suitable only for knowledgeable investors with the financial capacity to bear losses and meet margin requirements.
– Customers must read the Characteristics and Risks of Standardized Options provided by the Options Clearing Corporation. You acknowledge receipt and understanding of these risks.
– Mimic.Trade Auto Trade accounts carry additional risks, and your account objective must be designated as “Speculation” to enroll. By using our services, you request the update of your account investment objective to “Speculation.”
There are, inevitably, going to be losses. The key is to lose less on those than you gain on winners. With that being said, Homegrown Investments LLC and 870.Trades will not hold any responsibility for loss of capital while using these services. Any and all trading is taken on with the risk of lost capital. Use information provided at your own risk and ensure use of proper risk management as well as risk tolerance towards your account and margin requirements with your broker. We are incorporated but are not currently licensed professionals. Opinions and trade recommendations on this server\website are solely our own, and we advise all individuals to understand the risks involved with trading options. We encourage every trader to do his or her own research prior to entering any trade, and ensure they understand all the risks involved. Investments in the stock market, and especially in options, are speculative and can involve substantial risk. Options trading involves substantial risk of loss and is not suitable for every investor. We are in no way guaranteeing success on these trades, and will allow the results to speak for themselves. Our clients results can be viewed live under testimonials.
Full access trials will automatically charge your card that’s on file after its completion. If you wish not to continue, simply cancel your membership before the card gets charged. We will not offer you a refund if you fail to cancel the subscription, as you are given ample time and opportunity to do so. This is an automatic reoccurring subscription, meaning your card on file will be charged the same time on either a weekly or monthly basis (depending which package you signed up for). We take no responsibility for additional charges on your card. Homegrown Investments LLC and 870.Trades publish proprietary information and reports regarding companies in which we believe our clients will find useful and our reports reflect our utmost opinions. Unfortunately due to these reasons, we do not offer refunds after a purchase of our subscription has been made. You may manage your subscription at anytime from our user control panel. Homegrown Investments LLC or 870.Trades Staff will not be held responsible for managing your subscription for you. Given the fact that it is your responsibility to manage your account, refunds will not be issued if your card is charged.
No Contest/Right to Ban (continued)
By paying and signing up for 870.Trades you agree there will be no contest or infringement upon any data received in this server. This includes but is not limited too: signal poaching, watchlist poaching, news poaching, or poaching of any proprietary material within 870.Trades server. Infringement upon any of this data is subject up to a $2,000.00 restitution fee based on the severity of the infringement. By signing up for this service you authorize that in the presence of ample evidence your payment method can and will be charged for violation of these terms. I reserve the right to ban or remove anyone in the server with or without refund if I feel they are showing signs of contest within my server. This includes but is not limited too: advertising other services, mass messaging users, reposting my content or content found within the server, or reselling anything within the server. Mind you, this will only be carried out when sufficient evidence can be provided to substantiate the claims being made. I reserve the right to remove or ban anyone at my own discretion so long as the proper steps have been made to insure your unused time has been refunded or executed in a beneficial manner to you. Removing or banning pre maturely can be from a number of reasons and don’t have to be specified. More times then not if you get removed prematurely, then you have shown signs of morale lowering within my server. This will not be tolerated. Keep emotions to yourself.
– These terms and conditions constitute the entire agreement between you and Homegrown Investments Inc. and supersede any prior or contemporaneous agreements or communications.
– These terms and conditions shall be governed by and construed in accordance with the laws of the State of Arkansas, without giving effect to any principles of conflicts of law.
– If any provision of these terms and conditions is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.