| What is Forex? Forex stands for Foreign Currency Exchange. It’s the world’s largest market with about four to five trillion dollars a day in volume. Every single bank in the world trades forex and the majority of their profits comes from trading. Forex managed fund.com’s elite fund managers take advantage of the currency fluctuations caused by economic turmoil to make profit.
Isn't Forex risky? Even though forex is considered as high risk for individuals who do not know how to trade it, Forex managed fund.com’s team has decades of experience and they take extremely minimal risk. You can compare trading Forex to driving on a highway, if you do not have any experience and you get in the car, your chances of having an accident are extremely high. However if you have had proper training and had twenty or thirty years of driving experience, then the chances of accidents are extremely low. That is the very reason why Forex managed fund.com has some of the best fund managers in the industry to deliver the best result with minimal risk.
Do I have control over my money? If the answer is yes, then how is that possible? To get started, you need to open a forex account with a broker. Brokers are just like banks. Your account with the broker is just like a bank account but you cannot write cheques from there or use it to make everyday purchases. You can withdraw money anytime, you can deposit money anytime, you can view your account balance twenty four hours a day, seven days a week. Once you have opened the account you give Forex managed fund.com the Limited power of attorney to trade your account. Forex managed fund.com is not allowed to withdraw or add money to your account. Forex managed fund.com is only allowed to trade in your account. Once you have given the limited power of attorney to us, your account will get attached to our account. Whatever trading we will do in our account, will get duplicated in your account. At the end of the month, you share the profit.
How much profit do you share? Forex managed fund.com shares the profit fifty-fifty above the benchmark.
What if there is a loss? How does it work then? Let’s say you started with $10,000. First month you made one thousand dollar profit. You take $500 and Forex managed fund.com will take $500. Now your balance is $10,500. The highest balance reached in your account is also called the Benchmark. So now your benchmark is $10,500. Let’s assume, for example, that you have lost $500 next month. The balance is now $10,000. Now, third month you made a profit of $1000. Of that $1000, first $500 will go back to you to compensate for the loss incurred the previous month and then whatever is left over, in this case it is $500, we will share it fifty-fifty. So you will receive an additional $250 and Forex managed fund.com will receive $250. Your new benchmark is now $10,750. Next month Forex managed fund.com has to bring the balance above $10,750 for us to make any money.
So you are saying that if Forex managed fund.com does not make any profit, they don’t get paid anything? That’s correct. For Forex managed fund.com to make any profit, we have to take your benchmark to a higher level.
That sounds too good to be true. Is there any hidden fee, monthly fee, management fee? We only charge you a one time administration fee of $500 payable when you open the account. Other than that, there is no monthly fee, no ongoing administration fee or any management fee. It is as simple as “if Forex managed fund.com does not makes you profit, we don’t make anything”.
Is my principle guaranteed? No, your principle is not guaranteed. No one can ever guarantee your principle unless it is in GIC or fixed deposit in a bank. Just like any other investment you are prone to gains and losses in the market. However, remember two things: 1. Money is always in your control, and 2, we have many professional fund managers on board who have consistent positive returns over last two decades. So the probability to make profit with us is very high.
How safe is my money with the broker? The brokers are government regulated and they have to abide by their laws. When it comes to consumer’s money, the United Kingdom government has very strict laws that the brokers must follow.
How often can I withdraw my profit? Anytime you like, as frequent as you like.
Are my funds locked in for a specific time? No they are not. You can stay in the fund for as long or as little as you like.
If I am not satisfied with performance and wish to cancel the Limited Power of Attorney, I can do it anytime? Yes, that is correct. You can cancel the LPOA anytime you want. You can withdraw the funds anytime you want. You can add the funds anytime you want. That’s total freedom.
Does Forex managed fund.com have access to funds in my account? No. The funds in your Managed Account are in your name. The account is in your name. You are the owner of the account and only you can make deposits or withdrawals. Forex managed fund.com is only allowed to trade on your behalf.
If I don’t withdraw the profit, is the money reinvested? Yes. The profit money left in your account will be reinvested so that you can take advantage of compounding.
When is profit sharing calculations done? They are done on the last calendar day of each month.
Do I have to pay taxes on the profit generated from Forex managed fund.com? You are responsible for paying taxes on all of your income according to the laws of your country. In case of any questions, please consult your accountant or legal tax advisor.
Is my money segregated? Yes, your money is segregated, which means that it is separate from the Brokers fund. Even in the event the broker claims bankruptcy, your money is still protected.
How will I fund my account? When your account is opened, the broker will assign you a temporary account number and will send you instructions to fund the account. You can fund by credit card or by wire transfer.
How can I withdraw my profit/earnings from my account? Fill out the Withdraw Funds Form and fax it at 1-818-545-8410.
How do I add more money to my account? The same way you added funds when you opened the account. Only this time you will reference your permanent account number when you are sending funds.
Can I open or close trades in my account that is being managed by Forex managed fund.com? No. A managed account can only be traded by the company to whom you have given the Limited Power of Attorney. In this case you have given the Limited Power of Attorney to Forex managed fund.com. Only we can trade your account. However, you can revoke the Power of Attorney any time you like and take control of your trading by yourself.
Who is the clearing House? Forex Capital Market (FXCM) is our main clearing house.
Can US and Canadian residents also participate in Forex? Yes, they can.
Is your fund aggressive or conservative? We are very conservative when it comes to risking people’s hard earned money.
Are your trades long term or short term? Our different traders have different style. However, they are mostly short term traders.
How do I open an account? Click on “Getting Started” tab to fill out your online application with the broker.
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