HOW IT WORKS
Forex Managed Accounts are completely segregated accounts independently owned by each investor at a reputed and regulated brokerage firm, but traded by a money manager on their behalf via Limited Power of Attorney agreement (LPOA). The document is an agreement which enables the manager “trade only” rights—to execute trades and manage the account. The broker allocates the profit as agreed on the basis of LPOA. All deposits and withdrawals are made by the investor. This arrangement results in maximum protection, control, and transparency.
Managed forex accounts presents complete transparency compared to an orthodox fund where your money is held by the fund house placing you at risk. The investor retains complete access and be in command of his account at all times. Investors can view their account 24/7 via read-only password for complete details associated with trading, though will not be able trade on their own unless LPOA is revoked. Investors have the authority to invalidate the LPOA agreement anytime if unsatisfied with the manager’s performance and opt out.