Memorandum of Understanding
Between
Signed Participant
and
Black Millionaires Trade, LLC
This Memorandum of Understanding, hereinafter (“MOU”) sets for the terms, conditions and agreements between the (participant) and Black Millionaires Trade, LLC hereinafter (“BMT”) to create and establish a Foreign Exchange investment opportunity for signed participant.
Background
Black Millionaires Trade, LLC is establishing an investment platform powered by the Foreign Exchange Market. Foreign Exchange better known as Forex, is the trading of one currency for another and these transactions take place globally on the foreign exchange market, where trading occurs daily.
Purpose
The purpose of this partnership is to build wealth for each participant. Black Millionaires Trade, LLC, by and through its choice broker will trade each participants seed money of $500-$1000.00 USD. Once participants initial investment has been doubled in net profits, Black Millionaires Trade, LLC, recommends client to remove their initial investment allowing BMT to continue trading the remaining investment.
This MOU serves as a declaration that the undersigned party acknowledges, agrees and understands that this is an investment. Furthermore, the undersigned party acknowledges, agrees and understands that, as with any investment, there is a significant risk of a partial and/or total loss of investment.
Therefore, the undersigned participant acknowledges, agrees and understands that Black Millionaires Trade, LLC, will not and cannot be held liable for any loss of the undersigned participant’s investment. Thus, the undersigned holds harmless and absolves Black Millionaires Trade, LLC of any hardship, damages, claims, suits, actions and/or losses that may result in the undersigned individual’s investment and trade activities, within the group.
Reporting
Each participant will be offered an account with MyFXBook where participants can see a visual representation of their account growth.
Fees
Participant agrees to pay a monthly subscription fee of $30 (plus tax) through Paypal and a one time setup fee of $50 (plus tax).
Funding
Participant invests a minimum of $500.00 - $1000.00 USD as seed money. Participants may invest more than $1000.00, but minimum must be no less than $500.00 USD.
Taxes
Participants are solely responsible for paying all applicable Federal and State taxes, which may become due on all earned investment profits. Participants are strongly encouraged to speak to a tax professional regarding any tax liability questions or concerns.
The above listed goals will be accomplished by completing the following steps:
- Execute and Date Memorandum of Understanding
- Complete below contact form
- Schedule time with IT Department to setup account