1. How do I open an managed Forex account ...?

2. Why a managed Forex account ...?

3. How liquid are the Forex Currency markets ...?

4. What Forex currency pairs do you trade ...?

5. Where is my money held ... ?

6. Are there restrictions on withdrawing money from my managed Forex  account ...?

7. How do I receive my managed Forex account statements ...?

8. Who will be trading my managed Forex account ...?

9. IRA, Roth or 401K Qualified ...?

10. What Fee's do you charged ...?

11. How are commissions charged ...?

How do I open an account

You will need to fill out and account application to establish you managed Forex account. We offer individual, joint, Trust, Corporate, Partnership and IRA, Roth and 401K transfer accounts. Account applications are located HERE.

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Why a managed account ... ?

The Trading Manager, Frank Miller has over 20 years market experience and has been trading managed funds for the past 14 years. Mr. Miller has traded currency futures and options since 1984 and the cash currency markets since 1994.

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How liquid are the Forex Currency Markets ...?

The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover of well over USD $1 trillion -- 30 times larger than the combined volume of all U.S. equity markets.

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Where is my money held ...?

Your funds are held with  Forex Capital Markets and deposited with Fleet national Bank (NY). FXCM is the largest Futures Commission Merchant (FCM) - Forex Dealer Member in terms of both total reported volume, liquidity and open customer positions. FXCM's has over 35,000 clients and average monthly trading volume that exceeds $64 billion, which is the highest publicly reported volume of any Forex Dealer FCM. FXCM NFA ID#: 0308179  The Refco Group is a shareholder and strategic partner of Forex Capital Markets (FXCM).

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Are there restrictions on withdrawing money from my account

24 hour notice is required to withdraw or close your account. There are no restrictions on additions.

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How do I receive my account statements

You account is accessible 24/7 from FXCM's web site and is up to date real time.

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Who will be trading my managed Forex account 

Only the Trading Manager  Frank Miller has trading authority for this program. Mr. Miller has over 20 years market experience and has been trading managed funds for the past 14 years. Mr. Miller has traded currency futures and options since 1984 and the cash currency markets since 1994.

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IRA Qualified ...?

This is an IRA qualified investment. Your 401K may qualify if you have not worked for that employer in the past 12 months. You have a choice of either a Traditional or Roth IRA. Only 401K's form PRIOR employers may be converted to an IRA for trading in this program. Minimum investment $5,500. IRA account applications are located HERE. All new IRA accounts are placed with Millennium Trust Company. It is possible that you may keep your existing IRA with you current IRA custodian. Please call for details.

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What Fee's do you charged

There are no administrative fees, maintenance fees, front  or back end load fees. We receive no other form of compensation direct or indirect other that an incentive fee and $15 per transaction.

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How are commissions charged

We receive an incentive fee on a monthly basis equal to 25% of the trading profits per calendar month that exceed any trading losses for the same period or  the highest value since account was opened after adjusting for additions and withdrawals. There is a $15 transaction fee on all trades executed by the trading manager.

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What Forex currencies do you trade

We only trade the top 7 currency pairs, US Dollar, Euro Dollar, Swiss Franc, Japanese Yen, Australian Dollar and the Canadian Dollar

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Managed Forex trading is not for everyone. This IRA Forex fund trades all major foreign currencies such as the Euro dollar, British pound, Swiss franc, Japanese yen, Australian dollar and Canadian dollar. Managed Forex trading trading is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in this Managed Forex trading fund, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest in any IRA Forex fund with money  you cannot afford to lose. More over, the leveraged nature of Managed Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds in your trading  account. You should carefully consider the experience and background of the trading manager as well as the manner which you are charged commissions before you invest. This IRA Managed Forex trading program has no front or back no load.  The  trading manager is compensated primarily on a percentage of profits from the prior highest end on month account value after adjusting for additions and withdrawals . Forex trading is a qualified investment for this IRA Forex fund.