Terms & Conditions

Global Forecaster's registered office is:

The Mill, Blackdown Park, Haslemere, Surrey GU27 3BU

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Liability disclaimer

1. Accuracy of Information
   While every effort is made to provide accurate, clear, and complete information, the changing nature of laws and regulations may result in delays, omissions, or inaccuracies on this website. David Murrin does not guarantee that the website will be error-free, free from omissions, viruses, interruptions, or delays. The information is provided "as is" without warranties of any kind, express or implied, including accuracy, timeliness, and completeness.

2. Liability
   The information on this website is for general guidance only and does not constitute professional advice. Users should seek professional advice before making any decisions. Neither David Murrin Global Forecaster nor its associated companies—Apollo Analysis and Emergent Asset Management—accept liability for any loss, personal or business, resulting from actions taken or not taken based on the information provided.

3. Hyperlinks
   This website contains hyperlinks to third-party websites. David Murrin does not guarantee the accuracy or reliability of information on these external websites. Links to third-party websites do not imply endorsement and are provided solely for user convenience.

4. Trading and Investment Risks
   Trading and investing in futures, options, bonds, cryptocurrencies, FX, precious metals, and shares involve significant risks. Users must understand and accept these risks before investing. Do not trade with money you cannot afford to lose. This website and its content do not constitute a solicitation or offer to buy or sell any financial instruments. Past performance does not guarantee future results. Users should consult a financial advisor before making investment decisions.

5. Use of Information at Own Risk
   Users access and use the information on this website at their own risk. Global Forecaster does not guarantee the accuracy, timeliness, performance, completeness, or suitability of the provided content. The information is for educational purposes only, and errors or inaccuracies may exist. Global Forecaster excludes liability to the fullest extent permitted by law.

6. Performance Results
   Hypothetical or simulated performance results have limitations. Unlike actual performance records, simulated results do not represent real trading. These results may overestimate or underestimate market conditions such as liquidity. No representation is made that any account will achieve profits or losses similar to those shown.

7. Definition of a Professional Investor
   These services are intended for professional investors only—i.e., investors classified as professional clients or those who may, upon request, be treated as such, as defined by the FCA under Annex II of MiFID II. A professional investor has the experience, knowledge, and expertise to make independent investment decisions and assess associated risks. The FCA categorises professional clients into two main groups:

   1. Professional Clients
      
      These are clients who automatically qualify as professional investors, including:

      • Entities required to be authorised or regulated to operate in financial markets, such as:

        • Investment firms

        • Credit institutions

        • Insurance companies

        • Pension funds

        • Commodity and derivative dealers

        • Other institutional investors

      • Large undertakings meeting at least two of the following criteria:

        • Balance sheet total: €20 million

        • Net turnover: €40 million

        • Own funds: €2 million

      • National and regional governments, public bodies managing public debt, central banks, and supranational institutions.

      • Institutional investors whose main activity is to invest in financial instruments.

   2. Elective Professional Clients
      
      A client who does not automatically qualify as a professional investor but can request to be treated as one. To qualify, they must:

      • Pass the Qualitative Test: The firm must assess that the client has sufficient experience, knowledge, and expertise to make investment decisions and understand the associated risks.

      • Meet at least two of the following three Quantitative Criteria:

        1. Have carried out significant transactions (at least 10 per quarter over the last year) in relevant markets.

        2. Have a financial instrument portfolio (including cash deposits and investments) of at least €500,000.

        3. Have worked in the financial sector for at least one year in a professional role requiring knowledge of the relevant transactions or services.

   3. Implications of Being a Professional Investor

      • Professional clients receive fewer regulatory protections than retail clients.

      • They do not benefit from certain FCA protections, such as best execution rules and some suitability requirements.

8. Subscriptions and Conditions
   Subscriptions include The CIO’s Macro View, The Premium Macro View, Trade Executions, The Global Macro Package, and The Arkent Fund (“the Service”):

   • Subscriptions and renewals require 100% advance payment.

   • The subscription period starts upon payment realization.

   • No refunds will be provided for subscription periods, even if terminated early.

   • Subscription renewals require mutual agreement unless stated otherwise in a separate contract.

   • Investment decisions are the sole responsibility of the subscriber.

   • Recommendations are based on market analysis but may change due to market dynamics. Global Forecaster is not liable for any resulting losses.

9. No Redistribution of Information
   The services are intended solely for the subscriber. Redistribution, resale, broadcasting, or transfer of the provided information without prior written authorization from David Murrin Global Forecaster is prohibited.

10. Sources of Information
    Information provided through the services is obtained from sources believed to be reliable. However, due to the nature of electronic distribution, there may be delays, omissions, or inaccuracies.

11. Compliance with Laws
    Global Forecaster complies with all applicable UK laws and regulations, including but not limited to securities laws, insider trading, anti-bribery, modern slavery, corporate tax evasion, data protection, and anti-corruption laws. No material non-public information will be provided to subscribers.

12. Intellectual Property Rights
    All content on this website is the intellectual property of David Murrin and Global Forecaster unless stated otherwise. Copyright and all associated rights are reserved.

13. Unauthorized Use
    Unauthorized use of any website materials may violate copyright, trademark, and other laws. Website materials may not be modified, reproduced, publicly displayed, distributed, or used for commercial purposes without permission.

14. External Links
    This website contains links to other websites. However, this Privacy Policy applies only to personal data collected via the website operated by David Murrin Global Forecaster. We are not responsible for the privacy policies of other sites.

15. Use of Email
    While we take measures to protect communications to and from our website, we cannot guarantee the confidentiality of emails before they arrive or after they leave our systems.

16. Payment and Acceptance
    These terms apply to subscribers using the online payment services provided by Global Forecaster and its affiliates, as well as payments made directly via invoice and bank transfer. Authorising a payment is deemed acceptance of these terms. Global Forecaster reserves the right to amend these terms at any time.

17. Confidentiality
    Global Forecaster’s subscription services involve a one-way provision of information. We respect and uphold client confidentiality for consultancy services, specifically The External CIO and Murrin’s One-to-One services.

18. Governing Law
    This Agreement and any related non-contractual obligations shall be governed by and interpreted under English law. The English courts have exclusive jurisdiction over disputes arising from this Agreement.