Do the asset managers or CTA's have any rights or access to my funds at my broker/bank?
All the money managers only have the right to trade your account on your behalf and deduct our incentive fees each month which is stated on your brokers/banks power of attorney form that is signed between you and the asset manager.
How can I terminate the power of attorney with my asset manager?
You can revoke your LPOA at any time in most cases the trading will stop immediately.
What is managed Forex trading?
Managed Forex trading enables you to take part in the 24-hour trading market at low costs, no full-time engagement and no need for special knowledge or skill. With a managed account you will have professionals place trades in the market on your behalf.
Who can create an account?
Private individuals should be at least 18 years of age and with full legal competence. Corporate clients should be duly incorporated and competent under the applicable legislation.
Are your trading programs suitable for all investors?
Alternative investment programs, including managed forex programs such as those listed on our site, are speculative in nature. Only true risk capital should be used. Never invest what you can not afford to lose. I don't know anything about forex.
Can I still benefit from a managed forex account?
Most of clients who come to us for a managed account recommendation do have an understanding of the forex market. After all it helps to know what your money is doing. However you will be appointing a market professional who seasoned with experience will be making trading decisions on your behalf.
What is a Commodity Trading Advisor?
A Commodity Trading Advisor (CTA) is an individual or a firm, registered with the Commodity Futures Trading Commission(CFTC), that receives compensation for giving people advice on options, futures and the actual trading of managed futures accounts. Registrations for CTAs are done through the National Futures Association, a self-regulated organization responsible for reviewing and accepting registrations.
What is an Asset Manager?
Asset managers or money managers is the name given to the trader or the investment firm who will be trading on your behalf. In the US this is commonly referred to as a CTA.
Where will my managed account be set up to trade?
Your account will be set up at one of many forex brokerages depending on the specific managed forex account you decide to open.
How are managed accounts traded?
In most cases the trader uses software provided by the brokerage to trade/manage multiple client accounts as one account. The PAMM (Percent Allocation Management Module) distributes gains, losses and fees on an equal percentage basis. In this way all accounts regardless of size obtain the same percentage returns. The LAMM (Lot Allocation Management Module) allows the trader to allocate different trade lots to each account. That way the trader has the flexibility to use different leverage to suit the needs of each client.
Will I be able to access my account?
Yes, you will be provided with read only access to your account either through an online report viewer or the trading platform. You can view the account, including balance and activities, but you will not be able to place any trades.
Can I trade my IRA account in managed forex accounts?
No. Currently this is not available.
What is the minimum I can invest using managed forex accounts?
The minimum is 20,000 USD
What kind of volatility do managed forex accounts exhibit?
We strive to offer a full range of managed forex accounts from conservative to aggressive. In general, accounts with higher returns will also have higher volatility and drawdowns.
Can I withdraw my money and close my account any time I want?
Yes, but the time to fulfill the request varies from brokerage to brokerage. This typically takes one to three days.
