FREQUENTLY ASKED QUESTIONS
Do I require the platform to be connected to the Internet permanently?Can I trade any signal Provider I like? No only with Fenix Capital Management. How do I get started, what is the process and how long does it take? Account opening is fast and Easy, through our secure online server Click Here Does your platform support multiple strategies in parallel? What happens if Provider A is short on EURUSD and Provider B tries to place a long EURUSD trade. The platform will recognize signals from multiple signal providers and hedging is used when necessary. Can I close or change the SL or Target manually myself? Yes, you can close or modify a trade signal, however it will be re-adjusted again if a new modify order is placed by the signal provider after the client adjustment. If I close a trading signal, when the signal arrives to close the trade, will it then put me in a new open position? No, signals to open and close are distinctly different, if you manually close a trade, no position will be taken when the close order arrives. The next new trade to open will executed on your account. What happens if I disable money management for a signal provider when I have an open position, how will the trade be handled by the system? If you remove a signal provider from your portfolio, any open trades will be closed off when the close order arrives, but a new position to open will not be executed. What happens if I change my Lot size for a Currency Pair when I currently have an open trade in that pair? The trade will be closed with the lot size it was opened with, the next new trade to open will be reflected with the new money management settings. What are the margin requirements for a Trade? The same as the underlying broker account margin levels. Which is the best system to trade? This is left to the discretion of the client, we provide them all the tools and trade history for them to make an informed decision regarding their investment choices, but do not provide investment advice. Is the performance figures realistic to what people are getting on their account? There are many LIVE clients trading these systems, the performance figures are regularly checked to ensure they are aligned with LIVE trading account performance. Do the performance figures include commission? No, the performance does not include the $1 commission ($10k) per round trade. How long does the DEMO account last for? DEMO accounts last 30 days. What if I want to do a manual trade in addition to Autotrades? You are able to open manual trades in addition to autotrades, these will be labeled as “manual” in signal provider column on the Forex System Selector platform. Do the performance figures include swap values? Yes, they include the swap rates. How do I know what size of stop a signal provider uses, so I can calculate my risk? Use the DEMO for 30 days to assess your potential portfolio. How many systems/ pairs is it possible to trade in a LIVE account? It is possible to trade 100 system/pairs in the LIVE account version. Does the DEMO account have the same functionality as the LIVE version? The DEMO account will not show the Stop Loss or Target Point to avoid signal misuse. Can I stop trading at any time? Yes, you can close all your positions and disable your portfolio instantly, you are in complete control at all times of your account. What does Max DD mean in the signal provider list? It is the largest peak to valley drawdown for that pair, this figure can be used for evaluating your risk. Why are some pairs showing less profit than other pairs with same number of pips? This depends on the pip value of the currency pair in question. Can I trade various modes of money management in same portfolio? Yes, you can have Fixed Lot, Fractional and Ratio settings applied to different systems within your Portfolio. When is the commission charged, at end of month or every trade? The commission is applied when the trade is closed. MIN. DEPOSIT 2000 US$ |
Performance and Results Disclaimer
Trading foreign exchange carries a high level of risk, and you can lose some or all of your investment. Past performance posted by Signal and Systems Providers (Providers) is not necessarily indicative of future results. No representation is made that any account is likely to achieve profits or losses as indicated. The composite monthly results are hypothetical. In reality, the results do not represent an actual track record of the methodology originator or of any subscriber to a Provider. This also means there is no guarantee that one applying these methodologies would have the same results as the hypotheticals posted. Since trading forex successfully depends on many elements, including, but not limited to, a trading methodology and the trader's psychology, our web site does not make any representation whatsoever that the above mentioned trading systems might be or are suitable or that they would be profitable for you. Tradency Inc. (Tradency), and its owners are not liable for any losses, monetary or otherwise, that result from published content. Please realize the risk with any investment, and consult investment professionals before proceeding.
DEMO trading and hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any forex trading account using any signals from a Provider(s) will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical forex trading performance results and the actual results subsequently achieved by any particular forex trading program.
One of the limitations of hypothetical forex trading performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical forex trading does not involve financial risk, and no hypothetical forex trading record can completely account for the impact of financial risk in actual forex trading. For example, the ability to withstand losses or to adhere to a particular forex trading program in spite of trading losses are material points that can also adversely affect actual forex trading results. There are numerous other factors related to the forex markets in general or to the implementation of any specific forex trading program, which can not be fully accounted for in the preparation of hypothetical forex trading performance results, and all of which can adversely affect actual forex trading results.
It should also be understood that hypothetical performance results may be posted on the website or given to third parties by other methods. Such hypothetical performance results have inherent limitations in that they have been prepared with the use of past performance, and past performance is no guarantee of future results. Performance can and does vary between individuals.
