Managed Forex Account
Our Partner has been directly involved in the structuring and development of the Managed Forex Account offering with an FX Trader, and they have worked with manged Forex accounts for a number of years now. Some of the accounts they had worked with were very good, and others had been very, very bad. However, from working with other managed accounts, they have gained a good understanding of how they work, and how they are structured.
It was a natural progression to then structure their own managed Forex account with the FX Trader over the course of a few months, by taking the parts that they liked from other managed accounts from our previous experiences, and thus leaving out the elements of which they deemed inferior.
They have ultimately developed an offering in which in our opinion is superior in the current market in regards to client returns, transparency and security.
The Forex Trading Company
In regards to the Forex Trading company, they have a very simple structure. The 2 main FX Traders have around 19 years trading experience, and they then have around 6 experienced Forex traders based remotely in different parts of the world. These are guys that have worked together for many years, whom they trust and have a strong relationship. The reason they have Forex traders based in different locations is the financial markets operate for 24 hours a day. This means with Forex traders located in different time zones, they are able to capitalize on all trading sessions and any big news releases.
In addition to the professional FX Traders they have on board remotely, they also operate a Junior Trader program where they take individuals who want to become Forex traders, and teach them from the ground up. However, junior traders do not touch ‘real money’ for at least 18 months.
They predominantly use a forex strategy called day trading, and generally trades are held for less than 24 hours. This means they are able to scalp the market and get in and out of trades very quickly. With day trading you are a lot less exposed to things that are out of your control, unlike swing trading, where you hold trades for days, weeks, months and sometimes years, where you are leaving yourself open to something happening out of the ordinary.
In regards to the safety of client funds, and client money rules, The FX Traders have to use a liquidity provider, which is UK FCA regulated to hold a client’s funds. The main company they will be using for this service is CFH Clearing Ltd, formerly named CFH Markets, who are a tier 1 level liquidity provider who service a global client base of 600+ institutional clients across more than 80 countries, ranging from leading Retail FX Brokers, to banks and fund managers.
CFH Clearing Ltd is authorised and regulated by the Financial Conduct Authority (Reference number: 481853) in the UK.
By using CFH Clearing Ltd, this means that the FX Traders are not able to ‘run away’ with a client’s funds.
Clients will see a risk statement placed within a client agreement. This is a statement that must be included, due to the element of risk that is associated with Forex trading and in the financial markets.
However, to help lower that element of risk, for new clients, as a gesture of goodwill and to demonstrate their trading abilities, the FX Traders can offer a capital protection up to a specified percentage of the initial deposit.
In other words, should during the course of the minimum term of account management, a client’s balance fall below 90% of the original equity, The FX Traders will return the 90% and make up the 10% loss from their own capital. So far to date in 3.5 years of trading no client has ever exercised this right.
Of course, we can never say that this is risk free, or that anything is ‘guaranteed’, however this offer has been structured to provide a high level of protection to clients.
As best practice dictates, our managed Forex account Traders perform in a very cautious manner, to build the client account slowly and thus carefully, and provide a contractual fixed monthly return. The FX Traders do not take any commissions on trades placed, they only earn once the client account is far into profit. So this means they have no interest in placing hundreds of trades which lose, as quite simply they don’t make a penny.
Historical returns since late 2015 to clients are a fixed monthly profit depending on the size of the investment and clients can either compound the profits or withdraw them.
If you would like to discuss any aspect of this opportunity, please email email@example.com
Proof of Historical Performance
We are very proud to be able to discuss this with each individual client as per their requirement to feel comfortable with every aspect of the managed forex account product.
If the client has a higher level of investment ready to consider entering into the managed Forex account program, a meeting in the UK can be arranged, and evidence of historical and current performance can be presented face to face.
We want to be as open and transparent as possible with our clients, and because of the success of this investment program, it has been a real pleasure to present such an opportunity, that meets the expectations of our clients each and every month!
As a standard requirement to apply, we would require a Client Information Sheet (CIS) which includes a passport copy and proof of address, along with a suitability form, which will create what is known as a Know Your Client (KYC) pack as per the Anti-Money Laundering (AML) guidelines and best practise.
We have these forms available upon request, and once a client has passed this compliance procedure, they can be invited to meet with the Traders in their UK office where they can see how the traders operate in real-time, and watch their account being opened.
This is the highest level of transparency a client could hope for, and we are very pleased to be able to provide this product to clients over and above a certain value.
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