PAMM Terms & Conditions

1.1 This PAMM Account Terms & Conditions Agreement ("Agreement") governs the operation of Percent Allocation Management Module (PAMM) accounts on the Pure Portal platform.

1.2 A PAMM Account is an investment account where investors allocate capital to be managed by a professional trading manager. Investors share in profits and losses proportionally.

1.3 PAMM is a form of managed account where the manager controls position sizing and trading decisions, while investors provide capital and receive proportional profit/loss allocation.

1.4 Key PAMM Features: (a) Professional manager controls all trading; (b) Investors contribute capital (equity); (c) Profits and losses distributed proportionally; (d) Transparent performance tracking; (e) Flexible investment terms.

1.5 This Agreement applies to all PAMM accounts on the Pure Portal platform. By creating a PAMM account, investors and managers accept all terms.

1.6 The Company provides the PAMM infrastructure and technology platform. The Company is not responsible for trading performance or investment results.

1.7 Investors and managers are responsible for understanding PAMM operation before participation. Trading involves substantial risk of loss.

1.8 Regulatory Framework: PAMM accounts are offered under Vanuatu Financial Services Commission regulations. Investors should understand regulatory status.

2.1 Account Opening: (a) Investors must have an active trading account with the Company; (b) Full KYC verification required; (c) Source of funds verification required; (d) Account opening typically completes within 24 hours.

2.2 Investor Requirements: (a) Minimum age 18 years; (b) Legal capacity to enter contracts; (c) Not from sanctioned jurisdictions; (d) Capable of understanding investment risks; (e) Not subject to trading restrictions.

2.3 Manager Requirements: (a) Minimum 6 months active trading history; (b) Minimum account balance of $10,000; (c) Positive trading record preferred; (d) Full background verification; (e) Compliance with all regulations.

2.4 Manager Account Setup: (a) Manager creates PAMM account through the platform; (b) Manager specifies account parameters and settings; (c) Manager sets management fees and performance fees; (d) Account becomes visible to potential investors; (e) Manager is personally liable for account management.

2.5 Investor Investment Process: (a) Investors review manager profiles and performance; (b) Investors select manager and specify investment amount; (c) Investment minimum typically $1,000; (d) Investors confirm terms and allocate capital; (e) Capital transferred to PAMM account immediately.

2.6 Fund Allocation: (a) Investor funds pooled in single PAMM account; (b) Manager controls allocation among investors; (c) Each investor's share calculated as percentage of total equity; (d) Share recalculated after each trade; (e) Transparent allocation visible to all investors.

2.7 Account Activation: (a) PAMM account activated after minimum investment received; (b) Investor notified of activation; (c) Manager can then accept additional investors; (d) Account status monitored continuously.

2.8 Documentation: (a) Investor receives agreement confirmation; (b) Account statements provided daily; (c) Performance reports provided monthly; (d) Tax documents provided annually if required.

3.1 Trading Authority: (a) Manager has sole authority to trade the PAMM account; (b) Manager sets trading strategy and parameters; (c) Manager may not leverage beyond specified limits; (d) Manager must comply with position size restrictions.

3.2 Manager Obligations: (a) Manager must execute trades in good faith; (b) Manager must act in best interests of investors; (c) Manager must maintain trading records; (d) Manager must provide regular performance reports; (e) Manager must comply with all regulations.

3.3 Risk Management: (a) Manager responsible for managing account risk; (b) Manager must maintain adequate stop losses; (c) Manager must not exceed maximum drawdown limits; (d) Manager account may be suspended if limits exceeded.

3.4 Position Management: (a) Manager must not over-leverage account; (b) Manager must maintain margin compliance; (c) Manager must close positions before fund closure; (d) Manager must report all positions daily.

3.5 Fee Collection: (a) Manager collects management fee from account equity; (b) Management fee calculated and deducted monthly; (c) Performance fees collected on profits only; (d) Fee calculations transparent and auditable.

3.6 Performance Reporting: (a) Manager provides daily account performance; (b) Manager provides monthly detailed reports; (c) Reports show trades, equity, profits/losses; (d) Reports auditable and verifiable; (e) Reports delivered by 5th business day of month.

3.7 Compliance and Monitoring: (a) Company monitors manager trading for compliance; (b) Suspicious patterns investigated; (c) Market manipulation prohibited; (d) Violations result in account restrictions or closure.

3.8 Manager Restrictions: (a) Manager may not withdraw investor funds prematurely; (b) Manager may not pledge investor capital as collateral; (c) Manager may not trade contradictory positions; (d) Manager may not engage in conflicts of interest.

4.1 Investor Rights: (a) Investors own equity in the account; (b) Investors share proportionally in profits and losses; (c) Investors can withdraw capital subject to notice period; (d) Investors receive regular performance reports; (e) Investors have transparency of all trades.

4.2 Investor Information: (a) Investors receive daily account statements; (b) Investors receive daily P&L; (c) Investors receive monthly consolidated reports; (d) Investors receive access to trade history; (e) All information available on 24/7 basis.

4.3 Withdrawal Rights: (a) Investors may withdraw capital with 10 business days notice; (b) Withdrawal processed on business day specified; (c) Withdrawal at net account value; (d) Pending withdrawals cancelled if not processed; (e) No withdrawal fees charged by Company.

4.4 Profit Distribution: (a) Profits allocated daily to investor accounts; (b) Profit allocation proportional to equity percentage; (c) After-fee profits distributed to investors; (d) Investors may withdraw profits immediately; (e) No lock-up period on profits.

4.5 Loss Allocation: (a) Losses allocated daily to investor accounts; (b) Losses reduce investor equity proportionally; (c) Losses may exceed initial investment; (d) Investors must maintain minimum equity; (e) Accounts closed if equity drops below limits.

4.6 Account Closure: (a) Investors may request account closure at any time; (b) Closure processed within 5 business days; (c) Final account value paid to investor; (d) Investor entitled to share of any remaining equity.

4.7 Dispute Resolution: (a) Investor disputes submitted to Company; (b) Company investigates disputes within 10 days; (c) Resolution communicated in writing; (d) Disputes may be escalated to arbitration.

4.8 Investor Responsibilities: (a) Investors responsible for verifying manager credentials; (b) Investors responsible for assessing risk tolerance; (c) Investors accept investment risk; (d) Investors must provide accurate information.

5.1 Management Fee: (a) Manager sets management fee (typically 1-5% annually); (b) Fee deducted monthly from account equity; (c) Fee calculated on average monthly equity; (d) Fee applies regardless of performance; (e) Fee paid directly to manager.

5.2 Performance Fee: (a) Manager may charge performance fee on profits (typically 20-30%); (b) Performance fee calculated on net profits only; (c) High-water mark principle applies; (d) Performance fee due monthly; (e) Performance fee subject to investor approval.

5.3 High-Water Mark: (a) Performance fees calculated only on profits above previous peak; (b) If account reaches new high, performance fee applies; (c) If account below previous high, no performance fee; (d) High-water mark resets annually; (e) High-water mark protects investors from fee double-charging.

5.4 Fee Examples: (a) 2% management fee + 20% performance fee typical structure; (b) On $10,000 earning $500 profit: $200 mgmt fee + $60 performance fee = $240 total; (c) Net profit to investor: $260; (d) Fee structures disclosed before investment.

5.5 Fee Payment: (a) Fees deducted directly from account equity; (b) Deduction visible on daily statement; (c) Deduction timestamp recorded; (d) Fee reports provided monthly; (e) Disputed fees disputed within 30 days.

5.6 Fee Transparency: (a) All fees disclosed in account specifications; (b) Investors aware of fees before investment; (c) Fee amounts calculated transparently; (d) Fee calculations auditable; (e) No hidden fees permitted.

5.7 Fee Changes: (a) Manager may change fees with 30 days notice; (b) Existing investments grandfathered for 60 days; (c) New investments subject to new fee structure; (d) Company approves material fee changes.

5.8 Third-Party Fees: (a) Company does not charge investor-facing fees; (b) Swap fees apply to positions held overnight; (c) Commission fees apply per transaction; (d) All fees disclosed in trading terms.

6.1 Investment Risk: (a) PAMM investments carry substantial risk of loss; (b) Past performance does not indicate future results; (c) Investors may lose their entire investment; (d) Manager's past performance does not guarantee future returns; (e) Market conditions change unpredictably.

6.2 Leverage Risk: (a) Manager may use leverage to amplify returns; (b) Leverage also amplifies losses; (c) High leverage increases risk significantly; (d) Margin calls could result in forced liquidation; (e) Investors bear leverage risk via manager decisions.

6.3 Manager Risk: (a) Manager performance varies by skill and market conditions; (b) Manager may make poor trading decisions; (c) Manager may engage in prohibited conduct; (d) Manager account subject to regulatory suspension; (e) Investors protected by Company monitoring.

6.4 Market Risk: (a) All markets carry inherent volatility; (b) Adverse price movements can result in losses; (c) News and events create unpredictable price changes; (d) Liquidity may disappear during crises; (e) Market risk cannot be entirely eliminated.

6.5 Liquidity Risk: (a) Some positions may be hard to close quickly; (b) Market depth may be insufficient for large positions; (c) Slippage may occur during volatile markets; (d) Investor withdrawals delayed if account illiquid; (e) Company may restrict withdrawals during crises.

6.6 Counterparty Risk: (a) Liquidity providers may fail to honor obligations; (b) Banks may fail during financial crises; (c) The Company operates as STP broker; (d) Segregated funds protect against Company failure; (e) Counterparty risk cannot be entirely eliminated.

6.7 Regulatory Risk: (a) Regulation may change adversely; (b) Leverage limits may be reduced; (c) Certain instruments may become unavailable; (d) Trading may be halted due to regulation; (e) Regulatory changes cannot be predicted.

6.8 Investor Acknowledgments: By investing, Clients acknowledge: (a) understanding all risks; (b) capable of bearing losses; (c) accepting terms of this Agreement; (d) reviewed risk disclosure; (e) made own investment decision independently.

7.1 Automatic Suspension: The Company may automatically suspend PAMM accounts for: (a) equity dropping below minimum requirement; (b) manager violating trading restrictions; (c) suspicious activity detected; (d) regulatory investigation initiated; (e) technical system failure.

7.2 Suspension Process: (a) Suspension effective immediately without notice if automated; (b) Investors notified of suspension via email; (c) Manager notified of suspension simultaneously; (d) All trading halted during suspension; (e) Manager may not accept new investments.

7.3 Suspension Duration: (a) Typical suspension lasts 24-48 hours; (b) Suspension extended if issues unresolved; (c) Company notifies on resolution; (d) Account automatically reactivated on resolution; (e) Manager may request suspension review.

7.4 Account Closure by Company: The Company may close PAMM accounts for: (a) persistent trading violations; (b) regulatory non-compliance; (c) fraudulent conduct; (d) insolvency of manager or investor; (e) written request from manager or investors.

7.5 Account Closure by Manager: (a) Manager may close account with 30 days notice; (b) All positions closed on closure date; (c) Investors paid final equity; (d) Investor funds returned within 5 business days; (e) Manager obligations cease upon closure.

7.6 Account Closure by Investor: (a) Investors may withdraw entirely with 10 days notice; (b) If all investors withdraw, account automatically closes; (c) Manager notified of closure; (d) Final account value paid to investors; (e) Account settled within 5 business days.

7.7 Force Closure: (a) Company may force-close accounts without notice for fraud; (b) Positions closed at market rates; (c) Remaining funds returned to investors; (d) Manager may be permanently prohibited; (e) The Company pursues legal remedies.

7.8 Post-Closure: (a) Manager may not reopen accounts under same program; (b) New account may require special approval; (c) Closure information retained for 5 years; (d) Disputes may be arbitrated after closure; (e) Records provided to regulators if requested.

8.1 Regulatory Compliance: (a) PAMM accounts operated under Vanuatu regulations; (b) Accounts subject to Company audit; (c) Accounts monitored for suspicious activity; (d) AML and KYC procedures applied; (e) Accounts reported to authorities if required.

8.2 Compliance Monitoring: (a) Company monitors trading for market manipulation; (b) Suspicious patterns trigger investigation; (c) Position concentration monitored; (d) Leverage limits enforced automatically; (e) Violations result in immediate action.

8.3 Manager Conduct Standards: (a) Managers must trade ethically and honestly; (b) Managers must not engage in market manipulation; (c) Managers must maintain margin compliance; (d) Managers must provide accurate reporting; (e) Violations result in sanctions.

8.4 Investor Dispute Procedure: (a) Disputes first addressed to the Company; (b) Company investigates within 10 business days; (c) Company issues written determination; (d) Investor may escalate to mediation; (e) Mediation conducted in Port Vila.

8.5 Manager Dispute Procedure: (a) Manager disputes addressed to the Company; (b) Company reviews within 10 business days; (c) Written determination issued; (d) Manager may appeal to arbitration; (e) Arbitration final and binding.

8.6 Performance Disputes: (a) Disputes regarding fee calculations resolved through audit; (b) Independent audit conducted if disputed; (c) Audit costs paid by losing party; (d) Audit findings binding; (e) Refunds issued if errors found.

8.7 Arbitration: (a) Unresolved disputes submitted to arbitration; (b) Arbitration under Vanuatu Arbitration Act; (c) Single arbitrator for disputes under $50,000; (d) Three arbitrators for larger disputes; (e) Arbitration conducted in Port Vila.

8.8 Governing Law: (a) Agreement governed by Vanuatu law; (b) Disputes resolved in Vanuatu; (c) Prevailing party may recover attorney fees; (d) Injunctive relief available for violations; (e) Regulatory complaints available to authorities.