Limited Power Attorney by vtc12324

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									LIMITED POWER of ATTO                                                                   RM


                                 LIMITED POWER of ATTORNEY FORM


                                           Managed Account Authorization and Risk Disclosure
The undersigned customer (Customer) must select one of the following:
[ ] The Customer agrees to share the trading responsibility between himself /herself and the Designated Trading Agent ( "Tradin g Agent").
By checking the box abov e the Customer acknowledges that both the Customer and the Trading Agent will hav e complete authority to trade
the Customer's account. All trading reports will be sent to the Customer.
[ ] The Customer agrees to grant all trading responsibility to the Trading Agent.
By checking the box abov e Customer acknowledges that he/she grants complete trading authority to the Trading Agent. All tradi ng r eports
will be sent to the Trading Agent.

The undersigned customer authorizes the following:
Tradin g Agent: ________ _____ _____ ______ _____ _____ _____ _____ _____ ______ ____ ( Tradin g Agent)

Email Address of Trading Agent: _______ _____ _____ ______ _____ _____ Telep hone #:_____ _____ _____ _____ ___

NFA and/or CFTC Registration ID#, if applicable: __________ _____ _____ _____ ______ _____ _____ _

Social Security # or Tax ID:____________ _____ _____ ___ U.S. Citizen: Y es[ ] No[ ] (If no, what country ?):____________ _____ __

Street Address: _____________ _____ _____ _____ _____ ______ _____ _____ _____ _____ _____ __ Apartment/Suite:_______

City :______________ _____ _____ ______ _ State/Prov ince:_______________ _____ ___ Zip:______ _
as agent and attorney -in-f act to purchase and sell (including short sales) commodities and/or currencies on the Interbank f oreign exchange
markets (Forex) and/or options on Forex contracts on margin or otherwise f or the Customer's account and risk. Customer hereby agrees to
indemnify and hold J&K Futures Inc harmless f or all losses, indebtedness or liabilities arising theref rom. This authorization and indemnity
shall inure to the benef it of J&K Futures and its successors, agents, and assigns.
J&K FUTURES INC is authorized to f ollow the instructions of the af oresaid Trading Age nt in ev ery respect concerning the Cus tomer's
account with J&K FUTURES INC, except that said Trading Agent is not authorized to withdraw any money , securities or other pro perty in
the name of the Customer or otherwise.
The Trading Ag ent represents that he/she/it has all of the required gov ernment approv als, licenses, and permits, including but not limited to,
if applicable, registration with the National Futures Association (NFA) as a Commodity Trading Adv isor (CTA) or Commodity Poo l Operator
(CPO). Tradin g Agent agre es to be bound by the Terms and Conditions of his/her/its authority as granted by Customer herein and accepts
appointment by Customer as Customer's Trading Agent. Tradi ng Agent f urther agrees to indemnify and hold J&K FUTURES INC harml ess
f rom any losses, indebtedness or liabilities arising f rom this appointment and any trading activ ities by Trading Age nt on Customer's behalf.
This authori zation an d indemnity shall inure to the benef it of J&K FUTURES INC and its successors, agents, and assigns. If in dicated
abov e, Trading Agent specif ically agrees to be responsible f or all trading decisions including buy ing and selling and short sale decisions
respecting any products traded by or through J&K FUTURES INC. Customer hereby ratif ies and conf irms any and all transactions with J&K
FUTURES INC made by the Trading Agent on behalf of , or f or the account of, Customer.
[ ] The Tradi ng Age nt acknowledg es and conf irms that he/she/it is not employ ed, partnered or aff iliated with J&K FUTURES INC and in no
other way represents J&K FUTURES INC.
The Tra ding Agent acknowled ges and conf irms that he/she/it has traded on J&K FUTURES INC' s DealStation™ platf orm and is f amiliar
with it. In particular, the Trading Ag ent acknowledg es he/she/it is familiar with its order placement mechanism, its back of f ice, and its status
reporting abilities. In the space prov ided, please prov ide the Demo Account User Name f or the Trading Agent:
_______ _____ ______ _____ _.
Customer and Tradi ng Age nt agree that J&K FUTURES INC is authorize d to f ollow the instructions of Trading Ag ent in ev ery respect
concerning the trading of Customer's account with J&K FUTURES INC except that Trading Agent is not authorized to withdra w any money,
securities, or other property f rom the account of Customer in the name of Customer or otherwise.
Customer hereby ratifies and conf irms that he/she has agreed to compensate f or the Trading Agent's serv ices according to the f ollowing
terms and Trading Agent hereby accepts these terms (select only if applicable):
[ ] Customer agrees to compensate the Trading Agent f or serv ices perf ormed on behalf of the Customer with $____
( __________ _____ _____ _____ _____ _ print ) per unit traded Commission Fee. Customer hereby giv es J&K FUTURES INC the right to
withdra w the "$ per-un it" Commission Fee f rom the Customer's account and place the f unds into the Trading Agent's commission-collecting
account with J&K FUTURES INC, prov ided the Customer's initial deposit meets J&K FUTURES INC' s minimum financial standards f or
such accounts.
[ ] Customer agrees to compensate the Trading Age nt f or serv ices perf ormed on behalf of Client with _____%
( ___________ _____ ______ _____ ____ print ) of Prof it ("Percentage of Prof it Fee"). Customer hereby giv es J&K FUTURES INC the r ight
to withdra w the abov e designated Percentage of Prof it Fee f rom the Customer's account and place the f unds into the Trading Agent's
commission-collecting account with J&K FUTURES INC on the f irst day of ev ery calendar month after the calculation set forth
below. (Continued)




                44 Wall Street 13 FL New York, NY 10005 www.jkfutures.us                 Tel. 212.461.2360 Fax. 212.461.2223
LIMITED POWER of ATTO                                                                       RM




                                LIMITED POWER of ATTORNEY FORM

                                         Managed Account Authorization and Risk Disclosure (cont.)


a. Percentage of Prof it Fee ("Fee") calculations are based on the Customer's prof it/loss ("P/L") of each calendar month as ca lculated on the
last day of the month. If the P/L f or the current m onth is negativ e, there shall be no Fee incurred.
b. If the P/L of the current month is positiv e and the prof it amount is greater than the cumulativ e loss up to the prev ious m onth, then the Fee
will be calculated based on the prof it of current month les s the cumulativ e loss up to the prev ious month. For example, if the cumulativ e
loss in January is $300, the trading prof it in February is $600, and the agreed Fee is 20%, then the Fee amount paid to the Trading Agent in
February will be 20%x ($600-$300) =$60.
c. If the P/L of the current month is positiv e but the amount is less than the cumulativ e loss up to the prev ious month, ther e will be no Fee
paid to the Trading Agent.
d. Prof it sharing takes place at 3 p.m. New Y ork time on the last trading day of the month, prov ided that all open positions are closed.
e. The prof it amount is calculated as the net sum of P/L on all trades during the calculation period.
f. If the account has open positions at the end of the month, irrespectiv e of any prof its f or the month, all P/L is rolled ov er and taken into
account in the next calculation period.
The Tr ading Ag ent must also submit one f orm of photo identif ication (ID) with his/her signature to complete this application.
Because the risk f actor is high in Forex trading, only genuine "risk" f unds should be used in such trading. If Customer does not hav e the
extra capital Customer can afford to lose, Customer should not trade in the Forex markets. No "saf e" trading sy stem has ev er been
dev ised, and no one can guarantee prof its or f reedom f rom loss. In fact no one can ev en guarantee a limit on the extent of losses in Forex
trading. Customer and Trading Agent acknowl edge their a waren ess of the f acts stated in this paragraph and that they hav e cons idered
them caref ully in their decisions ref lected in their execution of this Managed Account Authorization an d Risk Disclosure.
Customer agrees to be diligent and closely scrutinize what is occurring in the handling of Customer's account ev en if the Customer has
granted complete trading authority to the Trading Agent. Customer acknowledges that J&K FUTURES INC prov ides access to comple te
transaction details on a password protected section of J&K FUTURES INC's corporate website. Customer also acknowledges that h e/she/it
may not receiv e a conf irmation of ev ery trade made f or the account, and a prof it and loss statement showing the f inancial res ults of each
transaction closed out f or the account directly f rom J&K FUTURES INC but instead directs J&K FUTURES INC to prov ide all said
inf ormation to Trading Agent and agrees to indemnify and hold J&K FUTURES INC harmless f rom prov iding said inf ormation to Tra ding
Agent. If Customer has any questions concerning said statements, Customer agrees to contact J&K FUTURES INC imme diately .
The trading authorizatio n ov er Customer's account terminates only upon written rev ocation by Customer or the Trading Agent ho lding the
authorization. This authori zation a nd indemnity is a continuing one and sha ll remain in f ull f orce and eff ect until rev oked by Customer by a
written notice addressed to J&K FUTURES INC and deliv ered to J&K FUTURES INC at the office where the Customer's account is
maintained with copy to Trading Age nt, but such rev ocation shall not affect any liability in any way resulting f rom transactions initiated prior
to such rev ocation. If f or any reason, Customer wishes to rev oke the trading authorization, which Customer has giv en here, pl ease bear in
mind that the Customer can only do so through written rev ocation.
Customer's written rev ocation must include Customer's Account Number, Customer's Full Name, Full Name of Customer's Trading Agent,
the old passwords used by the Trading Agent, the new p asswords to be used f or the account, a copy of the Photo ID of the Cust omer, and
the Customer's signature. Customer and Trading Agent certify that Customer has the f inancial resources to enter into Forex tr ading through
J&K FUTURES INC and that Trading Ag ent has explained to Customer's satisf action Trading A gent's trading objectiv es and the risk in
Forex trading. Customer and Trading Agent acknowledg e hav ing read caref ully and understood fully this Managed Account Authori zation
and Risk Disclosure document.
J&K FUTURES INC reserv es the right to "f reeze" the account f rom f urther trading activ ity until it can determine whether the Customer has
in f act completely rev oked limited power of attorney f rom the Trading Agent. J&K FUTURES INC will not be held responsible f or losses that
occur while an account is "f rozen".
This agreement shall be gov erned by the laws of the state of New Y ork, USA, without regards to its conf lict -of -laws principles. Any disputes
between the p arties shall be arbitrated bet ween them in accordance with the Commercial Rules of the American Arbitration Asso ciation by
a three-member panel appointed in accordance with the rules of that tribunal and sitting in the Borough of Manhattan of the City of N ew
Y ork.


Tradin g Agent's Signature:   __________________________________________________________________________________________________________________________



Print Name: ____________ _____ _____ ______ _____ _____ _____ _____ _____ Date:______ _____ _____ ______ _____ _____ _____ ____



Customer Signature(s):   __________________________________________________________________ ___________________________________________________________



Print Name(s):______________ _____ _____ _____ _____ _____ ______ _____ __Date:______ ______ _____ _____ _____ _____ ______ __



                44 Wall Street 13 FL New York, NY 10005 www.jkfutures.us                     Tel. 212.461.2360 Fax. 212.461.2223

								
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