Global AutoTrading is a service offered by Metacortex Services Corporation (“Metacortex”), for the benefit of its clients. The client instructs Metacortex to effect securities transactions for their accounts according to the recommendations of a third party investment newsletter services to which the customer has subscribed.
Before making a decision to engage in autotrading you should perform the due diligence necessary to ensure that the
concept of autotrading is compatible with your investment strategy. If you open an account with Global AutoTrading to engage in autotrading, Metacortex will not review, in any manner, your choice of a newsletter or advisor nor the trading methodology or investment strategy you implement for your autotrading account. Nor will Metacortex be responsible for reviewing any of the transactions executed in your account. There is no “safe” or “guaranteed” trading strategy. The publisher of the advisory newsletter may or may not be registered under the Investment Advisers Act of 1940 and autotrading by Global AutoTrading does not imply that they either are or are not required to be so registered. Metacortex does not require that the publisher be registered.
Metacortex' sole responsibility will be to execute transactions for your account. You must assure Metacortex that the funds you intend to invest in autotrading are funds that you can afford to lose without impacting your standard of living. Metacortex makes no warranties or representations concerning any newsletter, advisor or autotrading strategy; nor does Metacortex, by implication or otherwise, endorse any newsletter or advisor (including those listed on this web site) or any methodology, strategy or philosophy but is merely providing clients with a listing of various entities that provide investment information. The client is responsible for any and all risks associated with following the recommendations from such newsletter or advisor, including without limitation, calls for additional funds related to such trading and errors of electronic systems and markets. Metacortex does not exercise discretion over autotraded accounts. Metacortex does not review or assist in the recommendations of trades made by the newsletter or advisor. Metacortex acts only upon specific instructions, by submitting buy/sell orders to a broker for execution.
Metacortex cannot be held responsible for any lost profits, trading losses or other damages due to loss of online service, human error, software error, communication delays or any delay in the receipt of trade alerts, by email or otherwise by your newsletter or advisor. You are subject to risk from errors of human intervention, electronic systems, communications and market timing.
No other party, including your advisor, can start, stop or change your autotrading status. Autotrading will continue in your account indefinitely until your subscription expires, you notify Metacortex of a change or your account lacks sufficient equity.
Metacortex will notify the publisher of the advisory newsletter to verify a client’s subscription.