- FAQ
-
OPEN MANAGED
ACCOUNT
How long has GFX
Global FX been in business and trading?
We have traded Forex Spot currency starting 2004 trading private clients
of the owner.
Working with high-net investors? In offshore Forex trading accounts.
Please also review 2012 trading program and terms
Where is GFX Offices?
Our firm is registered in Cyprus as private investment firm which offers
better accounting for our firm and some clients. We have trading advisors
and trading rooms in London, Vancouver and New York with independent
global partnerships.
What Forex Brokers do you use, can I use my
own Forex Broker?
We use a number of banks and Forex brokers depending on the customer and
account size,
But we believe the Swiss Forex Brokers provide the best customer service
and security of funds for managed Forex customers.
Investors also have the option of having their managed FOREX account traded
as individual account trading on Investors own Forex broker trading
platform, terms and conditions will be arranged before trading by GFX
account trading advisers.
How much money do I need to open managed
Forex Account?
Our minimum investment is $25,000 but if approved by our trading advisor
the opening amount can be lower.
- Can be open for 12,000
Euros minimum term 3 months. Investors must have 3 years investment
experience and minimum net worth of 250,000 Euros and a active Forex
trading account with one of the major Forex brokers or a active managed
Forex trading account in the last 12-months.
What are the trading fees for managed
accounts?
We change 35% performance on the net month on month trading performance of
the clients managed account, there are no other fees paid by clients.
What managed trading products do you offer?
We offer right now or managed Forex trading conservative fund trading with
a Risk to Reward Ratio of 1: 3 our mission is to seek steady returns for
our clients from 5% to 25%+ per month with overall yearly returns of 80%
to 100%+.
Performance fees can they be lower?
Yes, if you open an managed account with $75,000 we will make the
performance fees of 30% and on accounts at $100,000 the fees can be
reduced to 25% performance. If you open (2) managed accounts at the same
time (accounts cannot be in the same name) each account can be 25%
performance fee.
What is a Trading Advisor why do I need one?
All clients have GFX trading advisor assigned to their managed account. We
feel this is a better way to have clients understand what trades and
positions are being made on their managed account, and can ask advisor
important questions regarding Forex indicators and conditions. All trading
advisors are trained Forex traders and have a minimum 4 years experience
in financial markets.
How many Forex traders do you have?
We work with many traders and have a lead trader that will oversee all
trades done for our managed clients. Each client must sign a limited power
of attorney document with the assigned trader that will manage the trading
account.
How can I fund my account?
Bank wires only and currency must be in USD or EURO. After the application
approval the customer will receive funding instructions. When funds are
received the customers managed account will trade 24-hours after cleared
funds.
Can I withdraw funds at anytime?
Yes as long as there are no open positions or clients have enough funds to
cover the positions. Client will need to do is fax over a withdrawal
request form and the following day the funds will be sent, clients should
receive wire request in 3-4 business days from wire sending date.
Can I stop managed trading anytime?
Yes, just fax in a simple form to our broker and managed trading will be
stopped same day they receive the request form.
Performance returns are gross or net?
Returns posted are net returns after fees of 35% performance that is paid
by the clients on trading profts.
Can I receive account statements of
performance?
Yes, provided our trading advisor has contacted you and he/she feels you
are qualified and managed trading is suitable investments for you.
Can I receive audited trading statements?
No, we do not provide audited trading statements for retail clients
because of the monthly cost to maintain. Only banks, hedge funds, and
institutional clients can request audited trading statements. Arrangements
must be made with our trading advisor and each institutional customer must
have a certified letter from their bank showing $750,000 USD cleared funds
and a net capital of $10,000,000 USD
to trade in managed institutional Forex funds. (Initial accounting fees
must be paid by customer and will be credited back once the managed
account starts trading).
Can I setup partnership with GFX?
Yes, you must send CV/Resume that states minimum of 4 years experience in
the financial markets and a cover letter stating why you feel you can
provide a good partnership with our company. Our trading advisor assigned
to your partnership will make the final decision as to the approval of the
partnership.
Can you pay me a commission for finding
managed clients to trade?
Yes, all commissions are set by trading advisor. We will pay commissions
from GFX company funds only. Clients account must trade for (2) months.
All clients must have minimum account balance of $25,000. After you send
more then (5) clients we can pay your stated commissions as soon as your
managed client starts trading.
Can we meet in person before I setup my
account?
We are not setup to meet retail customers at this time but we understand
some clients need a face to face meeting to setup new partnership. We will
do are best if the account size and partnership require a personal
meeting. We try to keep cost down and fees low to clients, this is why we
don’t charge management fees, load/funding fees to clients, ect.
Where did you get my name from?
We buy lists from approved financial researchers and provide our service
to knowledgeable accredited investors only. Our advisors start calling
new customers in January offering our managed trading and if you every
purchased investments within the last two years or have a trading account
such as Forex or Stocks. You would be an approved investor list and might
get a call from our advisors.
What Forex currency pairs do you trade?
We trade all the majors USD. GBP, JPY, EUR most of the trades will be in
the EUR/USD and at time we will trade some of the minor currency pairs.
Can I access my account anytime?
Yes, all clients have their own trading platform with read only access and
will show real time investment performance and trades. Web access from
anywhere you have an Internet connection. Email:
newaccounts@gfx.bz
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