Managed Accounts Specifications
Forex Managed Accounts are offered to investors with risk capital who chose to have a professional forex trader trade on their behalf. Foreign currency trading has become a viable investment alternative for investors seeking aggressive returns and unique diversification uncorrelated to other financial markets.
The surge in advanced technology and communication has birthed online forex trading facilities and implementation of managed forex trading system applications. Managed Forex accounts are typically traded specifically through a forex broker. Forex brokers will provide forex trading software, dealing platform and forex charts used by your managed forex trader.
Traded Currencies
| 1) EURUSD |
2) GBPUSD |
3) USDJPY |
| 4) USDCHF |
5) USDCAD |
6) AUDUSD |
| 7) NZDUSD |
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Minimum Margin Requirement
The minimum margin required, with 1 lot of each currency, is as follows:
| Package |
Mini |
Regular |
| AMZ-500 |
$3000 |
$30,000 |
| UZI-10 |
$2000 |
$20,000 |
| ZAK-05 |
$500 |
$5000 |
| ZAK-50 |
$5000 |
$50,000 |
Account Management Fees
There are no hidden management or administration fees payable by the client. A performance fee is charged on a monthly basis on net new high water mark and client can choose between one of the following fee structures;
- 35% of the profit
- 25% of the profit + 1 pip per trade
- 5 pips per trade
HIGH WATER MARK CALCULATION:
A client may deposit, for example, $50,000 and the profit commission is set at 35%. At the end of the first month, the balance on the account is $52,000. First month profit for Account manager is $700 (35% of $2000). $51,300 is the new high watermark for next month.
