FAQ (=Frequently Answers and Questions)
Please, read carefully all the questions in order to find yours. Our client’s department won’t answer questions that are explained here.
- WHAT’S THE FOREX MARKET?
- WHAT’S A FOREX MANAGED ACCOUNT?
- DO YOU MANAGE ACCOUNTS TO CORPORATIONS OR YOU DO ONLY TO INDIVIDUAL CLIENTS?
- DO YOU RECOMMEND ME TO WITHDRAW THE PROFITS EVERY MONTH OR IT'S BETTER COMPOUNDING THE PROFITS?
- IS YOUR TRADING MANUAL OR AUTOMATIC?
- I JUST HAVE REGISTERED BUT DIDN’T RECEIVED THE CONFIRMATION REGISTRATION LINK?
- I’M AN USA CITIZENS OR USA CORPORATION. CAN YOU MANAGE ACCOUNTS FOR ME?
- WHAT’S MYFXBOOK / FXSTAT / FXBLUE?
- HOW CAN I CONTROL THE EVERY DAY TRADING OF MY ACCOUNT?
- CAN I HAVE MYFXBOOK LINKS OF ALL THE MASTER SHOWED OF YOUR TRADING SYSTEMS?
- CAN I HAVE THE INVESTORS PASSWORDS OF YOUR MASTERS?
- HOW DO YOU CONTROL THE RISK OF MY INVESTED FUNDS?
- I WANT YOU TO STOP MANAGING MY ACCOUNT. WHAT SHOULD I DO?
- CAN I WITHDRAW ALL MY MONEY WHENEVER I WANT?
- CAN FXMAC OR ANYBODY ELSE TAKE AWAY MY MONEY FROM MY ACCOUNT?
- WHAT’S A LPOA’S FORM?
- WHAT’S THE WATERMARK FOR?
- WHAT’S THE CAPITAL GUARD FOR?
- WHAT’S THE DRAWDOWN (DD)?
- WHAT’S AN ECN/DMA BROKER?
- WHY THE BROKER TIER1FX GIVES MORE SECURITY TO MY FUNDS THAN ANY BROKER REGULATED IN THE FCA FOR BIG INVESTMENTS?
- WHAT ARE THE REGULATIONS OF CRESCOFX?
- WHAT ARE THE REGULATIONS OF TIER1FX?
- WHAT’S THE REGULATIONS OF DIRECTFX?
- CAN YOU WORK WITH OTHER BROKERS NOT RECOMMENDED IN YOUR WEBSITE?
- I HAVE ALREADY AN ACCOUNT IN ONE OF THE RECOMMENDED BROKERS. CAN YOU MANAGE THIS ACCOUNT?
- I WANT TO INVEST 1 MILLION AND I SEE THAT YOU APPLY A 35% OF PF COMMISSION IN MOST OF YOUR STRATEGIES. IS IT POSSIBLE TO HAVE A DECREASE IN THE PF COMMISSION?
- I WANT TO INVEST 1 MILLION AND I SEE THAT YOU APPLY A 50% OF PF COMMISSION IN the NEWS-SYSTEM 1. IS IT POSSIBLE TO HAVE A DECREASE IN THE PF COMMISSION?
- WHAT’S THE REFERRAL PROGRAM?
- DO YOU PAY ME FOR BRINGING YOU GREAT INVESTORS?
- I’M A BIG INSTITUTIONAL PARTNER, WHAT TOOLS DO YOU GIVE ME TO BRING YOU INVESTORS?
- WE ARE AN EXCELLENT GROUP OF TRADERS WITH DEMONSTRABLE RESULTS. CAN I WORK FOR YOU?
- DO YOU HAVE INFORMATION ABOUT TAXES IN ANY COUNTRY?
- WHY YOU DON'T CONSIDER ALL YOUR CLIENTS WITH ANY SIZE OF INVESTMENT A PREMIUM CLIENT?
- WHY DO YOU GIVE A TELEPHONE NUMBER OR A CHAT SERVICE ONLY TO PREMIUM CLIENTS?
- DO I NEED TO KNOW YOUR LICENSE IN ORDER TO INVEST SAFELY?
WHAT’S THE FOREX MARKET?
FOREX (Foreign Exchange market) It’s international foreign exchange market, where money is sold and bought freely. It’s the biggest and more liquid market in the world. According to various assessments, money masses in the market constitute from 1 to 2.5 trillion US dollars a day. In its present condition FOREX was launched in the 1970s, when free exchange rates were introduced, and only the participants of the market determine the price of one currency against the other proceeding from supply and demand. As far as the freedom from any external control and free competition are concerned, FOREX is a perfect market. Transactions are conducted all over the world via telecommunications 24 hours a day from 00:00 am GMT on Monday to 10:00 pm GMT on Friday. Practically in every time zone (that is, in Frankfurt-on-Main, London, New York, Tokyo, Hong Kong, etc.)
WHAT’S A FOREX MANAGED ACCOUNT?
It’s an account in a Forex Broker at your name that another trading professional team open and close positions with a specific strategy. You are the holder of the account and the only person that can order to fund or to withdraw money from it.
DO YOU MANAGE ACCOUNTS TO CORPORATIONS OR YOU DO ONLY TO INDIVIDUAL CLIENTS?
Yes, we work for individual and corporations. Actually we accept to manage Forex accounts to retail clients. We let the clients to try the systems with only 25k.
DO YOU RECOMMEND ME TO WITHDRAW THE PROFITS EVERY MONTH OR IT'S BETTER COMPOUNDING THE PROFITS?
You’re free to do whatever you believe is convenient for you. But you have to be aware that one of the more interesting thing of the Forex market is the compounding interest. It can give you more than 30% extra at year. If you withdraw your nets profits every month you skip this marvelous financial possibility.
IS YOUR TRADING MANUAL OR AUTOMATIC?
Our trading is mostly manual, but some of our trading systems are mixed manual and automatic. We don’t believe in 100% automatic systems. The markets every 3 months change and develop completely and the 100% automatic systems work just for a short period of time. We are 24 hours a day, 5 days a week controlling our screens and adapting constantly our systems to the market changes.
I JUST HAVE REGISTERED BUT DIDN’T RECEIVED THE CONFIRMATION REGISTRATION LINK?
Sometimes teh confirmation email takes several minutes to be received in your email folder. If after 20 minutes or maximum 30 minutes you haven’t received it, then kindly check your spam folder.
I’M AN USA CITIZENS OR USA CORPORATION. CAN YOU MANAGE ACCOUNTS FOR ME?
Yes, we can work with some ECN/DMA brokers that their regulation allows to accept American citizen. If you are an USA citizen or an USA corporation, instead of making a regular registration, kindly get in contact directly with our clients department and they will inform you of the steps to follow.
You'll have access to our Client's Department email. once you have completed the free registration in our website. Be aware that you'll need to confirm your email address.
WHAT’S MYFXBOOK / FXSTAT / FXBLUE?
Myfxbook / Fxstat / Fxblue are an online automated verifier and analytical tool for your Forex trading account and free service for Forex traders enabling you to analyze your Forex trading account, share your trades, publish your statement, audit results and review Forex brokers.
HOW CAN I CONTROL THE EVERY DAY TRADING OF MY ACCOUNT?
You have different ways to control your Forex managed account in anytime you want. You have the MT4 tool that give you every ECN Broker, you have Fxstat links that we provide to each client, you have the emails that send you most of the brokers with the daily and the monthly resumes, some brokers as Tier1fx also gives you a private tool to controll all the accounts in order you have a over look of all the accounts you have with them, etc.
CAN I HAVE MYFXBOOK LINKS OF ALL THE MASTER SHOWED OF YOUR TRADING SYSTEMS?
We only show the Myfxbook link of the trading systems that the money managers in charge of each different trading system gives the permission to use it and show it.
Most of our money managers want to show only Fxstat and Fxblue links.
We’ll only give the Myfxbook link that already are showed in our website. The rest will be Fxstat and Fxblue links.
CAN I HAVE THE INVESTORS PASSWORDS OF YOUR MASTERS?
this very private information won't be ever given to any retail or institutional client. The password are one of the msot well kept information in our company.
Everyone can follow, as long as they want, our Fxstat or Fxblue or Myfxbook online verified master accounts that are published in our website.
HOW DO YOU CONTROL THE RISK OF MY INVESTED FUNDS?
We are specialist in INTRADAY and TREND Forex systems. Our money manager’s team never risk more than conservative percentage of your account. Plus, all our trading system has an automatic or manual Capital Guard assigned.
I WANT YOU TO STOP MANAGING MY ACCOUNT. WHAT SHOULD I DO?
You can do it whenever you want to. You only have to get in contact with broker where you have your accounts and they’ll help you. Or if you prefer you can get in contact with our FXMAC's Clients Department and we’d inform you how to proceed in your case.
CAN I WITHDRAW ALL MY MONEY WHENEVER I WANT?
Definitely yes. You just need to give a direct order to the broker and you can make as many partial withdrawals as you need. You can also completely withdraw all your investment in your personal Forex managed account. You don’t even need to say anything to us, but we appreciate you tell us before in order we can inform you what’s the best way to do it and also we know how are our clients doing.
CAN FXMAC OR ANYBODY ELSE TAKE AWAY MY MONEY FROM MY ACCOUNT?
No, definitely impossible. You are the only one that can order this and plus, you must be the bank account’s holders or the credit card’s holder due international Forex regulations of the ECN brokers. Otherwise, the ECN brokers won’t let you do that. So, you may win or even lose some money in a controlled and conservative way, but nobody can take your money away from you. In other words we never have access to your funds. We don’t accept direct money from the clients.
WHAT’S A LPOA’S FORM?
It’s the form that the ECN/DMA broker needs signed by you in order you give to them the approval for us been managing your account and to pay us our Performance Fee commission directly from and controlled by the broker our Forex trading commissions.
WHAT’S THE WATERMARK FOR?
The high-water mark ensures that a Forex fund managers does not get paid in the case the account don’t get profits. So if the manager loses money over a period, he must get the fund above the high-water mark before receiving a performance.
WHAT’S THE CAPITAL GUARD FOR?
The Capital Guard is the maximum loss that your account can assume. Our managers ask to the money managers in charge of each independent trading system to fix it and you can find each specific Capital Guard for each trading system in this link: http://www.forexmanagedaccounts-fxmac.com/company/forex-trading-systems
WHAT’S THE DRAWDOWN (DD)?
Drawdown is the difference between the balance of your account, and net balance of your account. The net balance takes into account open trades that are currency in profit, or currently in loss. If your account net balance is lower than your account balance, this is called drawdown. In other words the DD is the maximum lost that a trading systems incurred from first day of trading historical.
WHAT’S AN ECN/DMA BROKER?
It’s a broker that their trades go directly to the real market. The opposed is a Market Maker Broker. The difference is that an ECN/DMA broker always get profit even if the traders loose or win. But the Market makers only win if you lose. The Market Maker broker don’t go to the real market they create a parallel market and if all their clients win the Market maker broker would get in ruin. An ECN/DMA broker is stable and secure. Market makers brokers give not the best trading services and are risky to have your money invested with them. We only work with the best Forex ECN/DMA brokers in the market.
WHY THE BROKER TIER1FX GIVES MORE SECURITY TO MY FUNDS THAN ANY BROKER REGULATED IN THE FCA FOR BIG INVESTMENTS?
Yes, Tier1fx is the only broker in the world that allows you to invest in the Forex market without taking away your funds from your personal or company bank account, if you invest minimum 50k of total investment in their brokerage firm.
In other words, you’ll have a personal or corporate segregated bank account at your name without mixing your funds with the rest of the clients of the broker instead of the segregated accounts that all the FCA regulated brokers offers you at their name.
You need to know that FCA regulation as the most important regulation of the world only warranty a limited small percentage of each of the account you have invested in a FCA broker in case of their bankruptcy, instead of the 100% of warranty of all your funds invested in Tier1fx if you accomplish the requirement to have this unique security segregated bank accounts.
The requirement for the personal or corporation bank accounts for this special service are:
· DUKASCOPY BANK (minimum $50,000): IT`s one of the a famous Switzerland bank. You can have the account going directly to the Switzerland bank branch or you can open the bank account through Tier1fx certifying the required documents by a notary.
· MACQUARIE BANK (minimum $250,000): It’s one of the biggest bank of the world. You can have the account going directly to the Australia bank branch or you can open the bank account through Tier1fx certifying the required documents by a notary.
Tier1fx has several regulation from Europe (http://www.tier1fx.com/en/why-tier1/funds-regulation/framework.html#eu-regulation).
One of the main partners of Tier1fx is MacQuarie Bank (http://www.macquarie.com/au/personal ).
Be aware that the FCA regulation or any other European, USA or Australian regulation is not the best warranty that a broker can give you. Otherwise the huge issues with Alpari, Boston Prime, FXCM, and other very well regulated broker wouldn’t happen, but it did happen when the huge issue the Swiss Franc occurred.
In the hypothetical case that Tier1fx would get a bankruptcy, your funds would have always been in your bank account (in Dukascopy Bank or MacQuarie bank) and you don’t need to wait several months until their regulator pays you the legal warranty that use to be a ridiculous amount for investors for several millions. FCA brokers will never give a 100% warranties as Tier1fx does to professional institutional investors.
You can have the next trading systems in Tier1fx: System, 4, 5, 6, 7, 9 and 10.
WHAT ARE THE REGULATIONS OF CRESCOFX?
The regulations of Crescofx are the FCA and MFSA regulations. You can check it in this link: http://www.crescocap.com/crescofx-establishes-advisory-services-firm-to-professional-investors/
WHAT ARE THE REGULATIONS OF TIER1FX?
The regulations of Tier1fx are all the MIDIF regulations. You can check it in this link: http://www.tier1fx.com/en/why-tier1/funds-regulation/framework.html#eu-regulation
WHAT’S THE REGULATIONS OF DIRECTFX?
The regulation of Directfx is AFSL regulation. You can check it in this link: http://www.directfx.com/en/about-us/#tab-2
CAN YOU WORK WITH OTHER BROKERS NOT RECOMMENDED IN YOUR WEBSITE?
Our money managers has select the best professional brokers, in order to have the best results for you and your funds safe.
All our Institutional and retail clients are in the same broker’s MAM.
We need at least a starting investment of $250,000 in order to consider another broker and before accepting finally the broker, we need to check if their trading conditions and spreads are compatible with our managing professional needs.
I HAVE ALREADY AN ACCOUNT IN ONE OF THE RECOMMENDED BROKERS. CAN YOU MANAGE THIS ACCOUNT?
Yes, but it’s needed a new account with no previous operations in it. Also you’ll need to sign a LPOA form that authorize us to manage this new Forex account. And we need to see which is the trading system you chose due some systems are manage in one broker and not managed in other of our recommended brokers.
I WANT TO INVEST 1 MILLION AND I SEE THAT YOU APPLY A 35% OF PF COMMISSION IN MOST OF YOUR STRATEGIES. IS IT POSSIBLE TO HAVE A DECREASE IN THE PF COMMISSION?
Yes, our company can negotiate with the client a decrease of 5% to the clients that has a minimum investment of 150k in a trading System.
Each trading system is independent. It means that the client need to reach 150k in each trading system that he wants a decrease of 5% in more than one strategy.
In other words, the decrease will be as follows: Instead of having applied a 35% of Performance Fee commission in his account. He’ll sign a different LPOA form with a 30% of PF commission. Or if the current PF is of 50% then the decrease will give a smaller of 45% of PF to the client’s account.
For investment s bigger of 500k The can negotiate bigger decreases after demonstrating that they have the funds free and ready to invest in a bank account (proof of funds with a bank statement) or he already has it invested in any of our trading systems.
Be aware that System 1 has a maximum possible decrease of 5%. It means that a client with 1 million of investment will be able to negotiate only the same 5% of a client of 150k, due it’s the maximum that the money managers of System 1 are willing to decrease.
I WANT TO INVEST 1 MILLION AND I SEE THAT YOU APPLY A 50% OF PF COMMISSION IN the NEWS-SYSTEM 1. IS IT POSSIBLE TO HAVE A DECREASE IN THE PF COMMISSION?
Yes, our company applies a decrease of 5% to the clients that has a minimum investment of 150k in System 1.
Be aware that the investment will be divided in several different brokers. Only the money managers knows in which brokers is the trading system is working and how much funds they can fit in each one in order to have enough liquidity.
Each trading system is independent. It means that the client need to reach 150k in each trading system that wants the decrease of 5% in more than one strategy. It’ll be 150k in each different trading system if the client wants a decrease in more than one strategy.
In other words, the decrease will be as follows: Instead of having applied a 50% of Performance Fee commission in his account. He’ll sign a different LPOA form with a 45% of PF commission.
This is the only trading System that can’t be negotiated bigger PF commission decreases for investments bigger than 500k.
WHAT’S THE REFERRAL PROGRAM?
It’s a promotion that we have for our satisfied clients that recommend our website services. We make a discount of our Performance fee commission for managing their Forex accounts.
DO YOU PAY ME FOR BRINGING YOU GREAT INVESTORS?
At the beginning, we are only interested in direct clients. Though we only start to consider a possible collaboration with clients with actual investments when the sum of the referred clients reach 250k. Most of our clients recommend to their best friends our trading services for free and we already give them a discount.
I’M A BIG INSTITUTIONAL PARTNER, WHAT TOOLS DO YOU GIVE ME TO BRING YOU INVESTORS?
We are interested in collaborating only with big Institutional partners that are able to bring their clients in our recommended brokers that we already work with.
We start to share PF commissions with the institutional partners that the sum of the investment of their clients reach 250k on wards.
In other words if the institutional partner brings clients with total sum of investment lower than 250k, he’ll need to cumulate funds until reaching the sum of 250k before getting any commission.
The institutional partner will have to sell with our actual FXSTAT or MYFXBOOK links showed in our website. We don’t personalize FXSTAT or MYFXBOOK links for our partners.
The institutional partner can invest in our trading programs in order to create their own history tool to show in FXSTAT or MYFXBOOK for their clients.
Our company will ask to the potential institutional partner a proof of funds in order to demonstrate that his actual potential client’s investment reach the minimum required, before starting any negotiation with the candidate of partner.
The candidate for institutional partner will receive only communication by email until the managers of the company consider that he has the correct profile.
Avoid getting in contact with us about becoming an institutional partner if you can’t demonstrate that you have the potential client’s funds above indicated.
WE ARE AN EXCELLENT GROUP OF TRADERS WITH DEMONSTRABLE RESULTS. CAN I WORK FOR YOU?
Yes, you’re welcome to demonstrate transparently the trading system you have with at least 8-12 months of history, the profit you get every month, the risks you assume in order to gets the profits and send us the Myfxbook of the account completely opened. If you don’t have a Myfxbook yet, then register in their website and send it to us. In order our Risk Department checks whether your systems matches with the stability, steadiness and low risk we want to offer to our clients.
DO YOU HAVE INFORMATION ABOUT TAXES IN ANY COUNTRY?
Sorry, we don’t give this kind of information to our clients. We only know how to make grow your funds. We only are experts in Forex trading. We recommend you to find a good international tax specialist taxes in your area and ask to them about taxes.
WHY YOU DON'T CONSIDER ALL YOUR CLIENTS WITH ANY SIZE OF INVESTMENT A PREMIUM CLIENT?
FXMAC is an 'online managed accounts services' company that give only email support to all the clients that want to diversify their investments with our strategies in the brokers we work with.
This is what's our company now and it'll never change.
But our company is focused in giving more personalized services to our actual and future clients with larger investment that they are giving larger business to our company.
It means that we still will accept clients under $150,000 of investment, giving them the opportunity to diversify their investments with our steady long term profitable strategies.
Those clients with actual investment of less than $150.000 will receive our Clients Department's email support and advice.
And the Clients that their investment capability is already of $150,000 or bigger than $300,000 which accomplish completely the target of clients that we want to give extra services, then those clients will be treated as PREMIUM clients with extra services and more personalized advise for their 'investment plans' and other extra advantages that we'll inform them directly.
The rest of the target of clients, are welcome and they will have our great and fast email support as we have had for all the retail and institutional clients all the past years.
WHY DO YOU GIVE A TELEPHONE NUMBER OR A CHAT SERVICE ONLY TO PREMIUM CLIENTS?
We are an online managed account service company. We only give email support to all our clients, but we have 2 different services for 2 PREMIUM different clients’ profiles. Whish are:
- 1- PREMIUM CHAT SERVICE for PREMIUM Clients 150k: It’s for client with actual investments of minimum $150,000 or potential investors that can demonstrate that they have 150k free in a bank account ready to invest and he agrees to go through a DUE DILIGENGE in order to demonstrate that the funds are of him or her.
- 2- PREMIUM PERSONAL MEETING PHONE for PREMIUM Clients 300k: It’s for clients with actual investments of minimum $300,000: for scheduling a personal meeting in our offices in Europe (London).
Fxmac is focused in online Forex Managed Accounts business as Myfxbook, Fxstat and other verifier companies also give signals service (We only give managed accounts services applying a Performance Fee commission).
As you may know Myfxbook, as other Forex online companies only give email support as our company.
The main reason FXMAC is giving only email service it's for optimizing our human resources in order to be able of giving support to the high number of daily applications. Our client’s Department service policy has become our company in the more famous online managed account companies in all the world and the company with the biggest offer of steady, long term trading programs of all the forex market.
All our retail and Institutional clients are satisfied of our fast email service, 100% focused in getting started with the managed accounts.
Clients do have also the Phone and chat service of the ECN regulated brokers who are the ones that have the funds of the investments of the clients.
We have many congratulation from most of our clients for our exceptional efficient professional email application service.
When any client’s actual investment reach the $150,000 or $300,000 they can send an email to require to get into the PREMIUM profile and get then the correspondent PREMIUM services.
DO I NEED TO KNOW YOUR LICENSE IN ORDER TO INVEST SAFELY?
Not at all, only the ECN/DMA regulated brokers where we managed our client’s accounts need our license for becoming their legal Money Managers.
The client do need to know the license and regulation of the brokers that will have the client’s funds invested in and the clients will need to check directly from the brokers.
So, our company will only give private information to the brokers.
Even though we inform you that we have the correct regulations for working legally witth most of the ECN regulated brokers of the world and that we are making the next steps to have the regulations to work with the rest of ECN regulated brokers of the world.
Be aware that, as any clients don’t need the license of a company that gives ‘EA’ or a ‘Signal Trading Service’ in order to have a safe and efficient trading results (the client would need only to verify that the history showed is what’s going to happen in their investment account).
In the same way the client won’t need the license of our manual (or semi manual) company of managed accounts service, due the only difference among a ‘Signal Trading System’ or ‘EA’ service and our managed account service is that our accounts are 100% controlled for our specialist team and plus we give a personalized email support to assist the diversification in our trading systems according with the investment capability and risk goals of each client.