Legal document
Copy Trading Terms
v1.0 draft — final at launch · Pending lawyer review- Version
- v1.0 draft — final at launch
- Last updated
- Pending lawyer review
- Effective
- Live at launch
Copy trading is off by default. If you turn it on, you either publish your trades so others can mirror them (Signal Provider) or you mirror another trader's strategy on your own account (Subscriber). Both sides carry risk; the trades on your account are always your responsibility.
1. Scope
This document covers the copy-trading service offered by TFC Global Markets — where one trader (the “Signal Provider”) allows other traders (“Subscribers”) to automatically mirror the trades placed on the Signal Provider’s account. Copy trading is optional and off by default for every account.
{{LEGAL_DRAFT}} — Copy-trading scope pending counsel review. Plain intent (counsel to translate): copy-trading is an opt-in service; both Signal Provider and Subscriber must actively enable it; enabling copy-trading does not transfer money or discretionary authority beyond execution of the mirrored trades.
2. Signal Provider role and disclosure
A Signal Provider is a Client who has enabled their account as a public strategy. Signal Providers must acknowledge that other traders can see their trade history and may allocate real money to mirror future trades.
{{LEGAL_DRAFT}} — Signal Provider terms pending counsel review. Plain intent: Signal Providers do not receive discretionary authority over Subscriber accounts and never see Subscriber account balances or identities; Signal Providers may earn a share of Subscriber performance fees where a fee is enabled; Signal Providers are responsible for the strategies they publish and cannot represent themselves as licensed investment managers.
3. Subscriber role and responsibility
A Subscriber is a Client who has chosen to follow a Signal Provider. Subscribers control their own risk parameters (allocation size, maximum drawdown, stop-follow triggers) and can unsubscribe at any time.
{{LEGAL_DRAFT}} — Subscriber terms pending counsel review. Plain intent: Subscribers acknowledge that copy-trading involves execution risk (slippage vs the Signal Provider’s fill), sizing risk (Subscriber lot size is scaled from the Signal Provider’s lot size and may not fit the Subscriber’s account), and strategy risk (past performance of the Signal Provider is not indicative of future returns); Subscribers remain responsible for every trade executed on their account, whether initiated manually or via a Signal Provider.
4. Follow risk and acknowledgment
Copy-trading a real-money strategy carries all the risks of trading generally, plus the added risk that the Signal Provider is making decisions without knowing your specific situation. Before enabling a follow, a Subscriber acknowledges that they understand these risks and take full responsibility for the outcome.
{{LEGAL_DRAFT}} — Follow-risk acknowledgment pending counsel review. Plain intent: before a Subscriber first activates a follow, they must tick an acknowledgment that they have read the Risk Disclosure Statement, they accept that the Signal Provider is not their advisor, and they have set a risk cap that limits the maximum drawdown they are willing to accept before the follow is automatically stopped.
5. Performance fees
Where a Signal Provider has enabled a performance fee, a percentage of a Subscriber’s realised profit is paid to the Signal Provider on a rolling settlement schedule. The percentage is set by the Signal Provider, disclosed on the strategy page before subscription, and applies only to profits above the high-water mark.
{{LEGAL_DRAFT}} — Performance-fee terms pending counsel review. Plain intent: performance fees are only charged on new profit above the Subscriber’s watermark; fees are settled monthly; the fee percentage cannot be raised without giving Subscribers notice and the option to unsubscribe; TFC Global Markets deducts a small platform fee from the Signal Provider’s share to fund the copy-trading infrastructure.
6. Stop-follow and forced unsubscribe
A Subscriber can stop following a Signal Provider at any time from the Client Area. The Subscriber’s existing open positions are not closed automatically — they remain the Subscriber’s responsibility. TFC Global Markets may force-unsubscribe a Subscriber from a strategy where the Signal Provider is closed, suspended, or removed for policy breach.
{{LEGAL_DRAFT}} — Stop-follow terms pending counsel review. Plain intent: unsubscribing takes effect on the next tick; open positions inherited from the strategy remain the Subscriber’s to manage; TFC may force-unsubscribe if the Signal Provider is terminated, if the Subscriber breaches a risk cap, or where required by regulation.
8. Not investment advice
Copy trading is an execution service, not an advisory service. Signal Providers are not licensed to give investment advice, and TFC Global Markets does not endorse or verify any strategy’s underlying rationale.
{{LEGAL_DRAFT}} — Not-advice disclaimer pending counsel review. Plain intent: the copy-trading service is provided on an execution-only basis; no communication from a Signal Provider through the platform constitutes personal recommendation, advice, or a solicitation to trade; Subscribers should seek independent advice if they are unsure about the suitability of a strategy.
9. Governing law
These copy-trading terms are read alongside the Client Agreement and Terms of Service; where a conflict arises, the Client Agreement controls. Governing law follows the Terms.
{{LEGAL_DRAFT}} — Governing-law terms pending counsel review. Plain intent: these copy-trading terms sit within the wider legal framework of the Client Agreement, the Terms, and the Risk Disclosure Statement; the same jurisdiction clause applies.
This document is in draft pending review by UK financial services counsel. Sections marked with an amber Draft badge contain placeholder text and are not final. Finalized versions go live before we open to traders. Questions: compliance@tfcglobalmarkets.com.