Terms and Conditions

CoTrade Terms
1. Welcome to CoTrade. By using our services, you agree to be bound by these Terms and Conditions. Please read them carefully.
2. CoTrade is a Trader Group who trades on PAMM (Percentage Allocation Manager Module) under broker Long Asia’s platform. These regulations (hereinafter referred to as (“CoTrade Terms”), jointly with Customer Agreement and/or Terms of Business related to the particular type of account include all the provisions and conditions in respect of PAMM Service (hereinafter referred to as “PAMM Service” or “PAMM” – in respect of the PAMM Service usage by the particular Manager and Follower (-s)). Reading and understanding all of the above documents is a mandatory requirement in order to access this service. The Customer’s registration will be considered by the Company as official confirmation that all documents were read, understood and accepted.
3. PAMM is not an asset management tool. It is a technical opportunity for one Customer (hereinafter referred to as “Follow Trade Account Holder – Follower”) to get access to the services provided by the other Customer (hereinafter referred to as “Manager Account Holder – Manager”) which constitute the possibility to follow Manager’s trading strategies. Manager operates his personal funds through the PAMM, and by the means of PAMM technology Manager’s trading strategy is replicated on the Follower’s Account.
4. CoTrade collaborated with an international broker called Long Asia. Setup of accounts will be using MT4 Platform. For the removal of doubts all wording in these PAMM Terms connected with crediting / debiting / depositing / transferring / withdrawing of funds (except for the cases of profit/loss, commissions, penalties or remuneration distribution) shall be interpret as “assignment of funds”, “withdrawal of funds” respectively with strict accordance to this clause.
5. The Customers voluntarily, at his/her/their own risk, invest into CoTrade and follows the CoTrade trader’s (herein after known as Manager) trades. All decisions regarding acceptance or rejection of the particular Manager Account are of personal matter for each potential Customers and are made without any recommendation/solicitation provided by the Company.
6. Acceptance of the Manager Account confirms that the Customers understands and accepts the risks associated with trading in CoTrade on leveraged basis, which has been separately disclosed to him as part of the Long Asia standard account opening procedure. The Customers hereby agrees and confirms that the Company is not and will not guarantee the recurrence of rates of return that have been made by the Manager.
7. The Manager is the only person who can operate the PAMM providing full compliance with these Terms. The Company will reject all claims issued by Customers in respect to the Manager’s failure to comply with any Customers’ recommendations.
8. The Follower has no right to any complaints in respect of the trading operations conducted in the PAMM.
9. The Company reserves the right to terminate the provision of the PAMM in respect of Manager at any time and upon its sole discretion. The Company may reject any request issued by either Manager or Customers or both to provide reasons or any clarification for such decision. Such a decision cannot be used or interpreted by Customers or any third person as a fact which can harm the Company, its employees, affiliates or owners.
10. Unless agreed otherwise, all the documents submitted by one party to the other party hereto by any means of delivery will be considered only if there is a possibility of accurate authentication of the sender. These CoTrade Terms define the following means of communication:
  1. Email;
  2. Postal service;
  3. Internal mailing system of the trading terminal;
  4. Publications on the CoTrade website.
11. All Trading Reports specifying Manager’s operations on the PAMM are under the Manager’s sole discretion to share / not to share in any event of Customers or any third party’s request. An investor login will be provided for Customers to check on the PAMM performance.
12. The Manager has the right to:
  1. Enter into any transactions using the PAMM,
  2. perform non-trading transactions in the Long Asia Back-Office menu:
    1. Control Manager Account settings,
    2. Increase Manager Capital
    3. Terminate the usage of PAMM;
    4. Obtaining information about Customers Account status;
    5. Funds assignment and/or withdrawal providing that the amount of Manager Capital shall be not less than the minimum threshold, as specified on CoTrade’s agreement to the Manager.
13. The Leverage parameter shall be determined within the range from 1:1 up to 1:500. The leverage on FX contracts is set at 1:500 by default and may be changed upon Manager’s request. Customers agree on any adjustment set by the Manager and have no right to interfere as it may affect the trading performance.
REGISTRAION & ELIGIBILITY
To use CoTrade services, you must be of legal age in your country of residence and capable of entering into legally binding contracts.
1. Registration of any Customer is performed through Long Asia account registration directly. By registering, the Customer confirms that he/she/they:
  1. Carefully read and understood all the provisions of these CoTrade Terms;
  2. Has all the power and authority to abide by these Terms and understands the significance and consequences of his/her/their own actions;
  3. Ensures that investing in the CoTrade does not entail any violation of the rights of the Customer or any third party;
  4. Assumes responsibility for enforcing the provisions of these Terms.
2. After successfully accepted for application, Customers will be receiving their Follow Trade Account, and Customers shall be registered as the ‘Follower’ to the PAMM. Registration shall be processed by the Current Rollover (Clause 4 explain on Rollover related information).
3. In case of any rejection of application of Follow Trade Account during verification process, Long Asia shall notify the Customers regarding any changes in the registration status via electronic mail. Reason will be provided and Customers shall make amendments on the documents required.
SHARE
1. Profit Share is a parameter used to determine which part of the achieved results by CoTrade shall be distributed to the Customers, while a fixed 30% performance fee will be shared to the Manager.
2. Calculation of the Share is conducted by the Company during each Rollover using the following formula:
ROLLOVER
1. Rollover is a procedure conducted for all PAMMs. Rollover may be processed at any time and its duration may take several minutes or up to an hour, depending on the amount and composition of the PAMMs.
2. Current Rollover is the next Rollover which shall be executed at the end of the current trading session.
3. Each Rollover includes the actions specified below, with shall be performed in the sequential order:
  1. Closure of all positions opened using the PAMM and PAMM Equity fixation;
  2. Distribution of the Profit/Loss gained using the PAMM of Follower Account (s) according to the Share parameters as per the previous Rollover;
  3. Performance Fee calculation for Manager’s Account *;
  4. Withdrawal requests execution;
    1. Performance Fee calculation in case of funds have been early withdrew;
    2. Early Withdrawal Penalty calculation in case of funds have been early withdrew;
  5. Recalculation of Manager Balance, Manager Capital, Follower Balance, Follower Net Balance and Follower Capital according to the calculation made;
  6. Calculation and fixation of Share values;
  7. Reopening of trading positions generated using the PAMM;
  8. Generation of Trading Reports;
4. Calculation of commissions, obtained profit/loss and payments due for overnight positions carried is conducted for each Follower Account based on the Share if there is any.
ASSIGNMENT OF FUNDS TO BE ENGAGED IN PAMM
1. Customers may request a funds assignment by way of submitting an application of the Internal Transfer Section in the Long Asia account. The amount of the funds to be assigned should be not less than $1000.
2. Source of Funds shall be from Long Asia Account Wallet, a deposit is required to fund the Wallet for further Funds assignment. Please refer to clause 8. for deposit related information.
WITHDRAWAL OF FUNDS
1. The Follower may request a funds withdrawal by way of submitting the application into the Long Asia Account. The application may be:
  1. Planned, generated in connection with the completion of the Trading Interval,
  2. Early, generated before the end of the Trading Interval.
2. Early withdrawal request can be of the following type:
  1. All funds withdrawal – all funds shall be revoked considering that all fees, commissions, profits and fines from Customer Account,
  2. Partial withdrawal – the amount of funds defined in the application shall be revoked. The Follower may define additional conditions for processing withdrawal in order to prevent Follower Balance to fall below the Follower Balance Minimal as defined in Terms.
3. Planned withdrawal requests can be of the following type:
  1. All funds withdrawal – all funds shall be revoked considering that all fees, commissions, profits and fines from Customer Account,
  2. Partial withdrawal – the amount of funds defined in the application shall be revoked. The Follower may define additional conditions for processing withdrawal in order to prevent Follower Balance to fall below the Follower Balance Minimal as defined in Terms,
  3. Revenue withdrawal – Customers can apply for withdrawal when revenue amount is more than minimum withdrawal amount which is $100, and with condition the withdrawal amount is not more than the minimum trading amount of $1000 remaining in the Follow Trade Account.
4. All applications for funds withdrawal should be requested on the first weekend of the month when there are no open trades. Eg: The first weekend of July 2024 will be 6th & 7th July 2024, when there are no ongoing trades floating over the weekend. Approval will be on the next working days after the weekend.
5. However, in the event where floating trades available over the first weekend of the month, the request can only be done on the following weekend. Approval will be on the next working days after the weekend.
6. While processing the withdrawal application:
  1. Customer’s account is charged with a $5 processing fee for withdrawal from Long Asia account’s Wallet;
  2. Follower Capital and Follower Balance are fixed on the Follower Account accordingly
ACCOUNT REGISTRATION & FUNDING
1. By agreeing to the Terms, Customers agreed to the Terms of Use of Long Asia, as CoTrade service is collaborating with PAMM service under broker – Long Asia.
2. Registration of Follow Trade Account is directly through Long Asia. Any verification process, Funds assignment, Withdrawal request are solely on Long Asia’s discretion, Customers agree on any decision made by Long Asia and any approval/rejection of application.
3. Any application/registration process will bound to 3-5 working days process, Customers are able to check with the process or any rejection reason if any application was on-hold/rejected directly through Long Asia email support: [email protected]
FEES & CHARGES
1. By joining CoTrade, Customers agree with any fees and charges applicable on any transaction/application process such as:
  1. Performance fee of 30% to the Manager Account;
  2. $5 processing fee from Long Asia of any withdrawal request when withdrawing from Account Wallet;
  3. Commission fee of any trade results;
  4. Miscellaneous if there is any to be included.
RISK DISCLOSURE
1. We acknowledged that trading in gold involves significant risk and the potential for financial loss regardless the trade is self-managed or managed on behalf. Kindly refer to our Risk Disclosure Statement for more information.
TERMINATION & SUSPENSION
1. The Company at its sole discretion may terminate any PAMM usage from Long Asia without any explanation. It may also terminate a PAMM usage if:
  1. Monitoring shows negative rates of return;
  2. There was no trading activity registered for the period of more than 15 Rollovers.
2. PAMM usage may be terminated under the Manager’s request. Termination under the Manager’s request is subject to the following actions:
  1. Manager closes all currently open positions and cancels all pending orders;
  2. Manager notifies the Company of the termination of the PAMM usage by filing a request.
3. The Company shall confirm and process Manager’s request for PAMM usage termination within the Current Rollover providing that all conditions specified above in clause 10.2 have been satisfied.
4. The following actions shall be done by Long Asia during the Current Rollover:
  1. Calculation of Performance Fee;
  2. Liquidation of all Follower Accounts;
  3. Disabling the Manager and all Followers access to the PAMM Service.
5. After the termination of the PAMM usage is confirmed by Long Asia, the Company shall:
  1. Notify the Manager and Customers on the PAMM usage termination by any mean of communications available as described in the clause 1.9 above;
  2. Publish the Information on the CoTrade Official social media accounts or website.
6. Should the PAMM balance be zero or negative Long Asia will close the PAMM Account and place it to the archive. Data on the archived PAMM is stored for one (1) year. After this period, the data is not available, cannot be restored or provided to the Manager.
AMENDMENTS OF TERMS
1. All provisions of these CoTrade Terms shall come into force at the time of Customer’s acceptance to register for a Follower Account.
2. The Company may make changes to these CoTrade Terms. The Company shall notify Customers of any change through the official channels. Amendments shall enter into force on the date designated in the notice of amendment, but not earlier than five calendar days (including the day of publishing) from the time of publishing. All amendments are posted on the CoTrade website.
3. These Terms may be executed in languages other than English. In case of any controversy between English and other versions, English shall prevail.
COPYRIGHT & INTELLECTUAL PROPERTY
1. All rights reserved. All information and other contents of the site is intellectual property of CoTrade. Any use of information entirely or partially shall be legal only by presence of CoTrade consent. Company reserves the exclusive rights to prohibit the use of information by third parties. All CoTrade trademarks are the intellectual property of CoTrade. Any unauthorized use of said trademarks is pursued by law of the respective jurisdiction. Any activities with respect to changing, distorting or supplementing information and other objects on the site are forbidden. Appropriation of the right to information published on the site is forbidden. Initially content of the site is intended for private use only.
THIRD PARTY LIABILITY
1. All parties using the information of the site shall be directly liable for their actions and shall be obliged to comply with all terms, conditions and limitations of the use of information published on the site. Parties undertake to comply with terms and conditions of use of the site, copyright, and respective law and regulations. Parties shall be obliged to prove their right to use information published on the site, if necessary. In case of absence, the parties may be brought to criminal and civil proceedings in accordance with law.
PRIVACY POLICY
1. CoTrade considers your privacy one of our utmost concerns. This Privacy Notice outlines our current policies and practices regarding how information about individual customers is collected and used. By agreeing to the Terms & Conditions, Customers agreed on the Privacy Policy of both CoTrade and Long Asia. Further details kindly refer to our Privacy Policy.
2. For account registration related Privacy Policy, kindly refer to Long Asia’s Terms of Use.
CONTACT INFORMATION
1. Should there be any further clarification required, Customers are encouraged to contact The Company by the following means:
  1. Email: [email protected]
  2. Telegram: t.me/CoTradeOfficial_Bot

Terms and Conditions

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