I don't know anything about the Forex. Can I still benefit from using Forex Introducing Brokers Online Managed Accounts service?
Due to being
professionally managed, managed accounts are intended for the
investor who doesn't have time to trade or have any previous knowledge
or experience with regard to trading the Forex market.
My Investment Advisor recommends diversifying my assets. Does FXIBonline Managed Accounts have a place in a traditional portfolio?
An allocation of 5% to 10% of total assets to an alternative, non-correlated investment such as Forex provides the portfolio with better
diversification, designed to improve overall performance and reduce
risk.
Why do FXIBonline Managed Accounts trade only the Forex market?
The forex market is our expertise and our account manager has extensive knowledge about the forex market that gives FXIBonline the leading edge. No other trading
instrument offers the liquidity, 24hr market environment, and trading
potential of the Forex market.
Where will my managed account be set up to trade?
Your account will be set
up at one of our designated brokerages. All trades for your account
will be executed on the trading platform using our Multi-Terminal Trading Platform.
Do trading fees get distributed on a percentage basis also?
Yes, all gains, losses, and trading fees are distributed on a percentage basis so that all accounts, regardless of size, obtain the same percentage returns.
Will I be able to access my account?
Yes, you will be
provided an account that you will be able to access. Meaning that you can view the account,
including balances and activity, whenever you wish 24 hours a day.
Does FXIBonline have access to my money?
FXIBonline cannot transfer, deposit,
or withdraw your funds. Your account is set up directly with the
brokerage who clears all transactions and handles all transfers,
deposits, and withdrawals.
Does FXIBonline invest its own money using the Managed Accounts?
Yes, the principals of FXIBonline trade personal accounts using the Managed Accounts.
Can I trade my IRA account using the Forex Exclusive Club Managed Accounts?
No, at the moment we cannot offer IRA account trading.
What is the maximum I could invest?
There is no specific maximum investment amount as the Forex market and the Managed Accounts can support an investment of almost
any size. All systems we offer are designed to manage varying
amounts of capital.
What is the minimum I can invest using the Forex Exclusive Club Managed Accounts service?
Minimum investment for the FXIBonline Managed Accounts is $1,00000 USD.
What kind of volatility do the FXIBonline Managed Accounts exhibit?
There is always some kind of volatility in forex managed accounts. Drawdowns
in your total account value at some point in time (possibly even
starting the day you open your account) is not only part of the
historical results but an absolutely normal part of short term active trading in the Forex. You must be willing to accept that volatility in order to achieve the extremely positive long term results that Managed Accounts potentially offer. We try our best to have the lowest possible drawdowns.
Can I withdraw my money and close my account any time I want?
There is no time
commitment on your part. You may withdraw (or add) funds to your
account at any time. All fund transfers, deposits, or withdrawals are
handled by the brokerage directly, not FXIBonline. However,
before doing any actions we advise you to contact us*.
*Closing
or taking a substantial amount out of your account without notifying
the account manager will affect your earning performance, or
potentially disrupt a trade in progress.
Is it possible for me to lose more money than I invest?
No, it is impossible to
lose more than you invest. You will not be responsible for debit
balances directly resulting from trading activity.
Do I have to "DO" anything after I set up my account to trade?
No, you can sleep, work,
play golf, go on vacation, or whatever you choose. Your account will be
professionally managed 24 hours a day until you instruct us otherwise.
What is there a management fee for using the FXIBonline Managed Accounts?
No, we do not have a management fee or annual fee.
How do you calculate monthly net profit?
Monthly net profit is
calculated as the difference between the closing balance last month and
the closing balance this month. Positions not closed at the last day of
the month (floating positions) will be taken into the profit / loss
calculation over the month in which the positions are closed.
If the difference is negative (ie the account did not make a profit
this month), there will be no fee to pay. Should a trading loss exist
from preceding months, it must be recovered in full before any
additional profit share amount is debited from the account holder’s
account(s) paid to FXIBonline.
How do you calculate your monthly performance fee?
All
Managed Accounts operate according to the following fee schedule:
Monthly Performance Fee = 15% of net new profits. The 15% performance
fees are taken on a high-watermark basis. A high watermark is the
previous high in the account-participant's account (adjusted for
deposit, withdrawals, and fees). It ensures that the fees are only
deducted based on new performance, rather than just recovery from poor
performance. In other words, if an account loses money over a period,
the account must first recoup previous losses and then any profit above
the high watermark is subject to a 15% performance fee.
For example: Your account
opens with an initial investment of $50,000. At the end of the first
month, the account makes $5,000, bringing its equity up to $55,000 on
which there is a 15% performance fee of $750 deducted;
correspondingly, the watermark is raised to $54,250 ($5,000 profit less
a $750 fee). Then, at the end of second month, it loses $2,000,
lowering its equity to $52,250, on which a performance fee is not
charged. At the end of third month, the account makes $1,000, bringing
its equity up to $53,250, on which no performance fees are charged
because the watermark was not reached. Lastly, at the end of the fourth
month, it makes $7,000, bringing the equity up to $60,250, which is a
new-equity high by $6,000 over the watermark of $53,500 in the first
month, on which there is a 15% performance fee of $1,050 deducted. The
watermark is now raised to $59,200.
Note:
All numbers presented in this example are arbitrary and are presented
for illustration purposes only. They in no way reflect trading
performance either good or bad.
How will I pay for your services?
Every 1st of the month
we will send you detailed account statement with indicated fee for our services
along with our account details.
What will happen with my trading account if I don't pay you within 7 days?
All trading activities will be stopped and we cannot guarantee any open transactions.
I am not a citizen or resident of the United States. Can I still use FXIBonline Managed Accounts service?
Yes, you can open your
trading account in USD or EUR. Trading deposit in different currencies
must be at least equal to minimum amount of $1.000 USD.
Am I able to receive a Pip Rebate or Commission Discount?
Yes, every managed account will be receiving a pip rebate on all completed trades. You can reinvest your pip rebate, donate it to charity, apply it to the performance fee, etc.
How do I open an account and get started?
Click this link to open an account and get started!
Best Regards and profitable trading!