The undersigned hereby authorizes _____________________ ____________________ as the as the undersigned's agent and attorney-in-fact (the "Agent"), with full power and authority to enter into contracts for the purchase, receipt, sale (including short sale) and delivery of, whether directly or indirectly through investments in managed investment products or otherwise, foreign currency contracts, options on foreign currency contracts, and other such forward contracts and options thereon, securities, equity, debt and related investments (collectively "Contracts") on margin or otherwise, in one or more accounts ("Account") with IFX Markets Inc. ("Commerce").

In all such transactions, as well as management decisions relating to the Account, Commerce is hereby authorized to follow the instructions of the Agent; the Agent is authorized to act on behalf of the undersigned in the same manner and with the same force and effect as the undersigned might or could with respect to such transactions, the making and taking of deliveries and with respect to all other things necessary or incidental to the furtherance and/or conduct of the Account. Commerce shall have no liability for following the instructions of the Agent, and the undersigned shall never attempt to hold Commerce liable for the Agent's actions or inactions. The undersigned understands that Commerce does not, by implication or otherwise, endorse the operating methods of such Agent. The undersigned hereby releases Commerce from any and all liability to the undersigned or to anyone claiming through the undersigned with respect to damage, losses or lost profits sustained or alleged to have been sustained as a result of Commerce following the Agent's instructions or for any matter arising out of the relationship between the Agent and the undersigned and shall indemnify Commerce from any and all losses, damages, liabilities and expenses, of any kind or nature whatsoever, arising therefrom. The undersigned agrees to hold Commerce harmless and to indemnify it as to any expense, damage or liability sustained by it with respect to any and all acts and practices of the Agent and attorney-in-fact regarding this account, including all losses arising therefrom and debit balance(s) due thereof.

This authorization is a continuing one and shall remain in full force and effect until revoked by the undersigned, or an authorized person on his behalf, by written notice given to Commerce, Attention: Director of Compliance. Such revocation shall become effective only upon the actual receipt thereof by Commerce but shall not affect any liability in any way resulting from transactions initiated prior to its receipt. This authorization shall inure to the benefit of Commerce, its successors and assigns. The provisions hereof shall be in addition to and in no way shall it limit or restrict any right that Commerce may have under any agreement with the undersigned. In addition, Commerce is further authorized and directed to deduct from the undersigned's account and pay the Agent the amount of all management fees, incentive fees, advisory fees and/or brokerage commissions to be paid to the Agent upon Commerce's receipt of invoices from the Agent. The undersigned understands that the Agent is solely responsible for the calculation of such fees and commissions and that Commerce has no responsibility or obligation to determine or verify the amount or accuracy of such fees and commissions. The undersigned hereby agrees to indemnify and hold harmless Commerce and its affiliates and employees from any loss, damage or dispute arising out of or relating to the calculation and payment of such fees and commissions.

All statements, notices, correspondence and the like generated in this account shall be sent or given to the Agent at the address shown for this account and to the undersigned at the address indicated in the Customer's Account documents, or to such other person or address as the undersigned may hereafter designate in writing.

In addition the undersigned has provided IFX Markets Inc. with a copy of any disclosure document, managed account agreement, or other such materials executed by and between Agent and the undersigned that concern the Agent's advice in regards to the Account.


Management Fee : ________ % per annum / monthly / quarter

Incentive Fee's     : ________ % of net profits per annum / monthly / quarter

Commissions       : $ ______  (USD) per ROUND TURN LOT (Transaction fee)

X ____________________
Customer Signature

Print Name

Date :

X _____________________
Agent Signature

Print Name

Date :

IFX Markets is a division of IFX Markets Inc.
NFA ID: 0327627 Regulated by the CFTC