Funded Trader Agreement

Between

(1) and AudaCity Global Limited (2)

Date:
(1)

First Name:

Last Name:

Date of Birth:

Address:

Post Code:

Email address:

Phone number:

State your Bank account details or PayPal details for profit share:

(2)

AudaCity Global Limited (Company Number 11652683) referred as AudaCity Capital (Trading Name)

Address: One Canada Square, Level 8 - Office 8.05 London E14 5AA - UK

Email address: info@audacitycapital.co.uk

Phone number: +44 (0)20 8050 1985

AudaCity Capital will provide own funds to the trader for prop trading purposes. There is an entry fee which is

obligated to be paid by the trader which is equivalent to £199 which covers services provided by Audacity to the

trader including your live account and the support in order to help you to get the most out from your trading.

This Agreement specifies the terms under which the Trader will be contracted to AudaCity Capital.

AudaCity Capital shall supply trading facilities, risk monitoring services, and a trading account which will be funded by

AudaCity Capital.
AGREED TERMS

1. Interpretation

1.1 Definitions

In this Contract, the following terms shall have the following meanings, unless the context otherwise requires:

“Commencement Date” means the signing day of the agreement.

“Profit Share” means the proportion of net trading profit earned by the Trader, further details of which are set out at

clause 9 below.

“Services” means the risk monitoring services provided by AudaCity Capital.

1.2 Clause and schedule headings do not affect the interpretation of this Contract.

1.3 A person includes a corporate or unincorporated body.

1.4 Words in the singular include the plural and in the plural include the singular.

1.5 A reference to one gender includes a reference to all genders.

1.6 A reference to a statute or statutory provision is a reference to it as it is in force for the time being taking account

of any amendment, extension, or re-enactment and includes any subordinate legislation for the time being in force

made under it.

2. Term

This Contract shall commence on the Commencement Date and shall continue until terminated by either party under

the terms of clause 10 or until a new Contract is proposed by AudaCity Capital and accepted by the Trader.

3. Services Provided by AudaCity Capital

3.1 AudaCity Capital shall supply risk monitoring services, and a trading account which will be funded by AudaCity.

3.2 AudaCity operates within the financial services community and trades only own funds, but AudaCity itself does

not carry out any regulated activities and consequently is not required to be authorized by the Financial Conduct

Authority. All of AudaCity’s preferred clearers do conduct regulated activities and are authorized to do so by the

Financial Conduct Authority.

4. Data Protection

For the purposes of the Data Protection Act 1998 the Contractor consents to the processing of all or any personal

data (in manual, electronic or any other form) relevant to this agreement, by the Client and/or any agent or third party

nominated by the Client and bound by a duty of confidentiality. Processing includes but is not limited to obtaining,

recording, using and holding data and includes the transfer of data to any country either inside or outside the EEA.
5. Fee and Payment

5.1 If the trader wished to trade from our trading floor the trader shall incur a monthly fee of GBP500, which must be

paid prior to the first day of the month’s trading. (Applies for only traders who needs physical trading desk on our

London trading floor, if you’re trading remotely you don’t have to cover any desk fee.)

5.2 The Monthly Fee shall be subject to change from time to time and AudaCity Capital shall provide the Trader with

30 day notice prior to any changes being implemented.

5.3 A joining and admin fee as a one off payment in the amount of £199, to be paid prior to starting trading, which

covers services provided by Audacity to the trader including the preparation of the live-trading account.

5.4 A facilitation fee covering our costs in the amount of £99, payable at the start of each month.

6. Employment Status

6.1 For the purposes of this Contract, the Trader shall be an independent self-employed contractor trading as a

separate legal entity in his own right, and not the servant, employee, partner, representative or agent of AudaCity

Capital and he has no power or authority to enter into any contract on behalf of AudaCity Capital or the Trading

Company.

6.2 The Trader shall bear exclusive responsibility for the payment of his National Insurance contributions as a self-

employed person and for discharge of any Income Tax, VAT and any other taxation liability arising out of

remuneration or trading profits earned under this Contract.

6.3 The Trader agrees to indemnify and keep indemnified AudaCity Capital against all liability arising out of any

amount of Income Tax, VAT or any other taxation liability or National Insurance contributions to which AudaCity

Capital may be assessed in respect of the Trader’s performance (such indemnity to include any legal and accounting

costs on an indemnity basis which AudaCity Capital incurs).

7. Trading Parameters

The Trader shall be required to trade within the trading parameters set out by AudaCity Capital. The parameters shall

include risk limits such as position size limits and daily loss limits defined for each individual trader based on the

markets he chooses to trade.

Risk Management Rules

Please be advised that we require you to utilize your own Trading System in combination

With Audacity Capital’s money management trading rules as stated below:

-You start with a book of $15.000 and we double for you the size of the account and volume allowed every 10%

target.
฀The Maximum Position Size is 0.5 ($5 per Pip) at any one time (cumulative/all open trades.)

฀Overnight positions are allowed.

฀Intraweek positions: All positions must be closed before the end of Friday’s trading session, before 6pm GMT.

฀The trader is NOT allowed to trade major events including: NFP, interests rates decisions, Central banks speeches

etc., all exposure must be cleared 30 minutes before the events.

฀ If a drawdown of 10% ($1,500) occurs in the account we have the right to terminate the contract and trader is not

liable to losses.

฀ The trader is allowed to trade majors and minor cross pairs, but is not allowed to trade any exotic, commodities or

indices.

8. Profit Sharing

The Trader receives 50% of all profits; Audacity receives 50% of all profits.

The Trader is compensated on a profit split basis only, and keeps 50% of the profits once (and only when) the Trader

hits his target of ten percent.

Audacity Capital doubles the size of the account every time the Trader reaches a target of 10% profit within the risk

parameters. Any profit or loss made without respecting risk rules Audacity is not entitled to a payout.

The Trader is not Liable to losses.

9. Compliance

9.1 The Trader agrees to comply with the guidelines and rules specified in the compliance manual of AudaCity

Capital.

9.2 If AudaCity Capital decides to withdrawal a trader from the program, the joining fee will be not refunded.

9.3 All trading activities of the Trader are required to be made available to AudaCity Capital. Failure to comply with

this policy will be treated as gross misconduct.

10. Termination of Contract

10.1 Both parties reserve the right to terminate this Contract at the end of each month with a 30 days notice. So in

essence AudaCity Capital requires one month’s notice prior to a contract termination.

10.2 The following matters are examples of gross misconduct entitling AudaCity Capital to terminate the Contract

summarily without notice. It is not an exhaustive list, but includes:

10.2.1 Any act of dishonesty;

10.2.2 A breach of trading limits without authorization;

10.2.3 Being under the influence of excessive amount of alcohol and/or drugs whilst on the online trading floor;

10.2.4 Unauthorized removal of property from AudaCity Capital’s premises;

10.2.5 Disclosure of confidential information to third parties;

10.2.6 Inappropriate behavior (such as the use of offensive or discriminating language towards other traders or staff

of AudaCity Capital);

10.2.7 Assault or physical violence to other traders or staff of AudaCity Capital;

10.2.8 Gross negligence;

10.2.9 Serious abuse of AudaCity Capital telephone or computer systems;

10.2.10 Use of reputational damaging language regarding AudaCity Capital, which is unfounded to either internal or

external parties.

11. Force Majeure

11.1 AudaCity Capital shall not be liable to the Trader for any loss, damage or otherwise suffered by the Trader if it is

prevented from or delayed in performing any of its obligations under this Contract, or from carrying on its business by

acts, events, omissions or accidents beyond its reasonable control, including, without limitation, acts of God, war, riot,

fire explosion, accident, flood, sabotage, lack of adequate fuel, power, transportation or labour, strike, lock-out or

injunction, compliance with governmental laws or regulations, default of suppliers or sub-contractors, or any other

cause which affects performance of this Contract (“Force Majeure Event”) and shall notify the trader as soon as

reasonably possible.

11.2 Where the Trader is affected by the Force Majeure Event, he shall immediately give AudaCity Capital written

notification of the nature and extent of the Force Majeure Event and the parties shall enter into bona fide discussions

with a view to alleviating its effects or to agreeing upon such alternative arrangements as may be fair and reasonable.

11.3 Flash Crashes, Market crashes, major events and not normal market conditions are considered as force

majeure the trader and audacity capital are not liable to any losses caused or any profit made during such market

conditions.

12. Indemnity
The Trader agrees to indemnify and keep AudaCity Capital at all times fully indemnified in respect of all and any

demands, costs, claims, liabilities, losses, proceedings, damages and expenses, including all interest, penalties and

the reasonable fees of professional advisors together with value added tax, national insurance and other taxes or

liabilities which may be suffered by, brought or made against or incurred by AudaCity Capital, its directors and

employees directly caused by negligence in the Trader's activities.

13. Confidentiality

13.1 During the term of this Contract and for any period after termination or expiration of this Contract for any reason

whatsoever, except as referred to in clause 16.2, each party shall treat as strictly confidential all information received

or obtained as a result of entering into or performing this Contract which relates to the provisions or subject matter of

this Contract, to any other party or the negotiations relating to this Contract.

13.2 Any party may disclose information which would otherwise be confidential if and to the extent:

13.2.1 It is required to do so by law or any securities exchange or regulatory or governmental body to which it is

subject wherever situated;

13.2.2 It considers it necessary to disclose the information to its professional advisers, auditors and bankers provided

that it does so on a confidential basis;

13.2.3 The information has come into the public domain through no fault of that party;

13.2.4 The information was previously disclosed to it without any obligation of confidence; or

13.2.5 Each party to whom it relates has given its consent in writing.

14. Notices

Notices must be served either personally, sent by prepaid registered post or emailed to the address of the other party

given in this Contract or to any other address as the parties may have notified during the period of the Contract. Any

notice sent by post will be deemed to have been delivered 48 hours after sending. Any notice sent by email or served

personally will be deemed to have been delivered on the first working day following its dispatch.

15. Assignment

15.1 The Trader may not transfer, charge or otherwise seek to deal in any of its rights or obligations under this

Contract without the prior written consent of AudaCity Capital.

15.2 AudaCity Capital may transfer, charge or otherwise seek to deal in any of its rights or obligations under this

Contract without any requirement to notify or obtain the consent of the Trader.

16. Entire Contract

This Contract sets out the entire Contract and understanding between the parties in relation to the subject matter of

this Contract and each of the parties hereby confirms that it has not entered into this Contract in reliance upon any

representation, warranty or undertaking, written or oral, to whomsoever made which is not set out or referred to in this

Contract.

17. Severability

If any provision of this Contract is held by a court or other competent authority to be invalid or unenforceable in whole

or in part, the validity of the other provisions of the Contract and the remainder of the provision in question shall not

be affected.

18. Counterparts

This Contract may be executed in any number of counterparts and by the parties to it on separate counterparts, each

of which is an original but all of which together constitute one and the same document.

19. Third Parties

A person who is not a party to this Contract has no rights under the Contracts (Rights of Third Parties) Act 1999 to

enforce any term of this Contract but this does not affect any right or remedy of a third party which exists or is

available apart from the Act.

20. Governing Law

The construction, validity and performance of this Contract shall be governed in all respects by English law and the

parties hereto agree to submit to the exclusive jurisdiction of the English courts.

IN WITNESS whereof, the present Contract has been signed in two (2) originals and both parties received one (1),

having initialed every page to indicate understanding and acceptance herein.

Signatures

_______________________________ _______________________________
AudaCity Capital Trader