The first step once you are ready to invest is to go to our Recommended brokers Link and fill in all of your contact details. Then They will send you all the details of what to do next, such as opening a brokerage account where our forex account is. During the online brokerage application you will need a chennai ID such as a passport or driving license, as well as proof of address. The broker will not accept you without these two things. If you are opening an account via a company they will also ask for your corporation documents.
The trading account will normally be approved within 24 hours and you will fund sent a welcome email with funding instructions. Once your account has been approved you will be sent the LPOA form to sign. You may then go ahead and fund your trading account directly. Once you have funded your fund then the trading will start almost immediately. Managed forex accounts offer total transparency compared to a typical fund. With a forex managed account your funds are held by you and only you, as opposed to a typical fund where your money is held by the fund manager and this places you in a vulnerable position.
A managed forex account protects you, as you would retain complete control of your funds in an FCA regulated brokerage. You are the only person that would have access to your funds and the only person who can withdraw those funds.
This puts you in control of your investment. This ensures that the risk is the same for each investor as well as the profits etc. The trade team do not charge managers mgt fee only a PF performance fee, managers is purely based on results. The PF is based on what is called a HWM chennai watermark and this ensures that it is fair for the investor at all times.
So there will be no performance fee deductions until you get past your current "watermark". There are absolutely no lock-in periods or penalties forex withdrawing your funds. You can withdraw your funds the day fund you fund your account if you so choose and you will not be charged. We want 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.
The only paperwork that you need to sign comes from the brokerage and once signed allows us to trade your account. The first step would be to open your account at the broker where the trade team have their MASTER account.
When you contact us we will direct you to this broker. You would need to fill out the broker online application form and provide a proof of address and photo ID. Once your account has been approved you will then be able forex fund your account and as soon as you have funded your account then trading will commence. Managers can all be achieved within a matter of days. Past results are not necessarily indicative of future results. Trading foreign exchange carries a high level of risk, and may not be suitable for all investors.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility chennai that you could sustain a loss of some or all of your initial investment.
You should be aware of all the risks associated with foreign exchange trading. The Forex Fund Manager.