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Forex Fund Manager

Forex Fund Manager will direct you to open trading account at a specific Forex broker. This will be your account and you open it directly. All accounts are classified as LPOA or limited power of attorney accounts. This means that Forex Fund Manager can only trade your accounts. The only person who can withdraw funds from your accounts is you - the client . This is a very important feature: you deal directly with the broker.

Fees and Related Costs

Performance Fee : 30% of trading profit
High watermark policy Management Fee: $0
Minimum Investment: $2,000.00
Recomended Minimum Investment: $5,000.00
30 days trial option: $500,00

NOTE: There is a possibility of opening a trading account with other Forex Brokers for deposits greater than 15.000 USD. Please contact our customer care department for more details.

High Watermark Policy

Performance fees are based on a new high watermark for any month that is charged.

For example, a client may deposit $50,000 and the profit commission is 30%. At the end of the first month the account balance is $52,000. First months profit for Forex Fund Manager is $600.00 (30% of $2000=$600). $50,000 is the high watermark. $600 is debited from the clients account in favor of Forex Fund Manager. The next month the beginning balance becomes $51,400 and this becomes the new high watermark. At the end of the second month the ending balance on the account is $49,000. No performance fee is debited from the account as the high watermark remains $51,400. This example is assuming that the client made no new deposits which would increase the high watermark or any withdrawals which would lower the high watermark.

The broker where the account is traded is compensated on each trade through the spread between the bid/ask prices.

The high watermark policy is for each product. For example a client puts money in three separate products that Forex Fund Manager offers. At the end of the month 2 are profitable and one has a loss. The two that are profitable will be subject to performance fees. The one account with a loss will not be subject to performance fees until that loss is recovered.