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| FAQ's |
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| In summary, how does your program work? |
| You will open a FX trading account in your name. Your account is then traded by our traders utilizing several proprietary technical systems via a limited power of attorney and at the end of the month we receive a percentage of the accounts net new profits. We only make money if you make money. |
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| Where can I open my trading account? |
| We have partnered with a US regulated forex broker Gain Capital / Forex.com and they are our “Prime Broker”. However, we can also execute / place trades at FXCM, Deutsche Bank, GFT, SaxoBank and Morgan Stanley. Please contact us for the proper account documentation
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| What kind of statements will I receive? |
| Clients will be able to login to their accounts via the Internet and immediately see the trading activity and account balances. In addition, you may choose to receive monthly hard copy statements via postal mail. |
| What are the fees? |
| The FX-Pilot Managed Account incentive/performance fee is 33% of the net new profits as calculated monthly. As is normal and customary for a managed Forex account we may also receive compensation from the bid/ask spread in the form of a rebate from the clearing firm. |
| Are any countries excluded from enrollment? |
| U.S. governmental restrictions prohibit us from opening accounts with residents of Afghanistan, Belarus, Burma (Myanmar), Cote d’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Nigeria, North Korea, Sudan, Syria, Western Balkans, and Zimbabwe. At this time, regulatory issues prevent GAIN Capital from opening accounts with retail customers who reside in British Columbia and The United Kingdom (England, Scotland, Northern Ireland & Wales). |
| Can I trade my account at the same time; |
| No. If you would like to trade yourself then we advise you to open a separate account. How much do I need to get started? $5000 US for self directed trading accounts , the managed FX-Pilot account requires a minimum of $50,000 US. |
| Can I withdraw money from my account? |
| It’s your money and yes you are able to withdraw it anytime you want. However, we ask that you limit your withdrawals to the end of the month. |
| Is this an offshore investment? |
| Depending upon where you are located this maybe an offshore investment for you. Our clearing firm is based in the USA. |
| What are some advantages of forex? |
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Profits are possible but they may vary in accordance with US dollar rates versus other currencies. |
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Risk Management. |
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Trades only occur with the most liquid currencies in the spot interbank market. |
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High degree of liquidity. |
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Excellent risk-to-reward ratios. |
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Portfolio diversification that cannot be achieved with stocks, bonds, mutual funds, or ADR’s. |
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| TRADE FOREX ON RATES FROM THE LARGEST BANKS IN THE WORLD |
| With no dealing desk execution, traders—through the CATMAN Trading Terminal—have the ability to trade on rates provided by some of the largest banks in the world. These banks provide CATMAN with some of the best rates, which result in spreads as low as 2 pips. No dealing desk execution combines the benefits of trading prices from top-tier banks, with the convenience and speed of Gain Capital’s award-winning trading platform. |
| TRADE FOREX WHEN YOU WANT AND HOW YOU WANT...NO RESTRICTIONS |
| You trade when you want—even during market-moving news and economic events. Furthermore, this system enables you to place entry orders at any price—even inside the spread. |
| Security |
| Technical timing models make all trading decisions. Stop-loss orders and the latest risk management software support every trade. |
