Where is my money held?
Your forex managed funds are held in an account in your name at regulated and financially sound forex brokerage company we recommend. A forex broker is recommended after complete due diligence to safe guard the interest of clients and ours both.
What is the minimum amount required to participate in a forex funds Managed Account?
The minimum amount required for our forex funds managed program is $50,000
What is the largest drawdown you have experienced?
It is possible for equity drawdowns on open positions to exceed 50%, although we have not experienced it. For clients with accounts over $100,000 who lean to wealth preservation instead of capital growth, we can cut the leverage by half again, further reducing risk.
What Commissions or Management Fees are charged?
We charge an incentive fee of 10% up to 20% of the net profits per month from the watermark of previous highs. There is additional 3 pips markup as fee.
How do you trade my account?
We trade your account through a Limited Power of Attorney. This is the only legal access we have to your account or funds.
Do you have access to my funds?
No, your funds are in your forex trading managed account in your name at regulated and financially sound forex brokerage company we recommend. You are the proprietor of this account and the only one who can make deposits to or withdrawals from this account. The only power you grant us is the power to trade your account through a Limited Power of Attorney.
Is this Limited Power of Attorney permanent?
No. You can revoke the Limited Power of Attorney on your managed forex account at any time.
If I wish to withdraw funds from my account, when can I do so and are there any penalties or time limits of any kind?
You can withdraw money at any time. It is your money. There are no time limits or penalties of any kind. If you wish to close your managed forex account, be aware that closing open positions may result in negative trades.
How do I verify the status of my account?
When your managed forex trading account is opened by forex brokerage company, you are issued a Username and Password which enables you to view and monitor the status of your account 24 hours a day. Through this Login, you can view a complete history of all closed trades as well as the status of any open trades.
May I open a managed IRA forex account?
Yes you may. The same limit of a minimum $50,000 account applies to IRA accounts. |