Q. How do I contact you?
There is multiple ways for you to contact me including: Email, Skype and Contact Page.
Q. What is a High Water Mark?
A High Water Mark, is a common approach to the calculation of incentive fees. It means that incentive fees are paid only on any new profit that is made. This ensures that it is fair to the client as I can only receive a performance fee only when the account value exceeds its previous high.
Example of HWM.
You start with $50,000 in an account with a performance fee of 35%, and during the month there is $5,000 gross profit. The performance fee deducted would be 35% of $5,000, which is $1,750, so your net profit would be $3,250 and your account would now have a "watermark" new balance of $53,250. If in the next month there was a loss of $1,000, there would be no performance fee deducted, since there is no profit, and your new balance would be $52,250. Your "watermark" is still $53,250. So there will be no performance fee deductions until you get past your current "watermark".
Q. How safe are my funds?
With a forex managed account your funds are held by you and only you in your brokerage account. You do not send the trader your funds at any point. A managed forex account protects you, as you would retain complete control of your funds in a fully regulated brokerage. You are the only person that would have access to your funds and the only person who can withdraw those funds.
Q. I am in control of my own account?
You are the one in total control of your account. For example you can withdraw your funds at any time without penalty or stop trading at any point if you don’t like what you see. This puts you in control of your investment.
Q. Will I be able to monitor the live trading?
Yes, as you will be able to view all live trades as they happen via a well-known industry standard trading platform called an MT4.
Q. Are there any lock-in periods?
There are absolutely no lock-in periods or penalties for withdrawing your funds. You can withdraw your funds the day after you fund your account if you so choose and you will not be charged. Iwant to be fair, ethical and transparent to our clients at all times and want our clients to feel confident to continue with us based on our results rather than locking them in to a contract.
Q. What is an LPOA?
The LPOA stands for limited power of attorney. Basically it’s the paperwork that you need to sign that comes from the brokerage and once signed allows us to trade your account securely via the PAAM master account.
Q. What are the next steps if I want to go ahead?
The first step would be to fill in your details on the open an account page. Then I will guide you through the process to open your account at the brokerage where the trade team, have their PAAM master account. This is a very simple process of filling fill out the brokerage online application form and providing them with your proof of address and photo ID. Once your account has been approved you will be sent the LPOA form to sign. You can then fund your account and as soon as you have funded your account then live trading will commence. This can all be achieved within a matter of days.
Q. Is there strict money management?
Yes, there is very strict money management.
Q. Does anyone else have access to my funds?
In short No, you are the only one with access to withdraw your funds.
Q. How do I stop my account from being traded?
If you want to stop trading then you would simply contact the brokerage and ask them to revoke your LPOA.
Q. What is the minimum investment?
The minimum investment is $1,000
Q. Where to open an account?
Please contact me before you open an account with us.