Managed Forex Accounts - Frequently Asked Questions ( FAQ)

Can I invest any amount I want?

Each program is preset and any amount can be invested provided it is a multiple of the program size indicated on the website.

Can I invest in more than one Program?

Diversification among various programs can smooth out your returns over time. It is more valuable to have smaller amounts among various programs than to have a larger amount in only one. As market conditions change various programs will come into and out of profitability. You can smooth your returns by employing multiple programs.

Is there a limit to the number of Managed Programs I can invest in?

There is no limit to the number of programs you can use.

How do I withdraw funds from a program I am in?

If you would like to keep your account open but simply have the program stop trading on it, you would need to submit a Revocation of Letter of Direction (LOD), which will remove your account from the Managed program but still keep it open for you to be able to trade it yourself or have another manager trade it.
If you would like to withdraw funds out of your account, you can fax in a completed withdrawal form.
Please note that if you withdraw funds but keep the account in the Managed Program, you will need to leave a multiple of the required amount size in the account.

How can I see what the activity is in my Managed Program account?

Each client will be issued with a read-only login. This login will allow the client to log into his Trading Station to be able to view the live rates and generate reports.

In a managed account you own the currencies that make up your portfolio. Unlike mutual funds which commingle your funds with other investors, a managed account is in your name and all or part of your funds can be redeemed within two days.

The managed account only holds your currencies and allows you to follow a cost-basis for each of the currencies in your account. Based on your long-term goals, risk tolerance and time horizon, we can help you select a system or combination of systems for your managed account portfolio.

Whether you're interested in a conservative or aggressive program, we have a system that will suit your risk parameters.

OPENING AN ACCOUNT

The client must open an account under his/her name with a registered Forex Broker.

FUNDING AN ACCOUNT

After filling out the necessary paperwork, and being accepted by the Broker as a client, you must instruct your bank to transfer money to your brokerage account.

Note:Fenix Capital Management,LLC does not handle any client funds.

How Forex are traded and which are the major centers?

Forex is a market in which players are connected electronically worldwide. Transactions are executed electronically.
Major Forex trading centers are London, Hong Kong, New York, Tokyo, Hong Kong Sidney, Singapore, and Zurich

Is it possible for me to lose more money than I invest?

No, it is impossible to lose more than you invest. Should your equity be equal the minimum margin required to maintain all open positions, the automated trading platform would close all open positions.

I am not a citizen or resident of the United States. Can I still open a managed account with Fenix Capital Management, LLC?

Yes, Fenix Capital Management, LLC has clients all over the world.

If you have any other question, please do not hesitate in contacting us via email

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.