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FEE'S
The
maximum fees charged for this managed Forex trading program is as follows; the
trading manager will receive an incentive fee on a monthly basis equal to 25% of
the trading profits (if any) per calendar month that exceed any trading losses
for the same period or the highest account after adjusting for additions and
withdrawals since the account was opened. Forex trading profits during a
calendar month means the excess (if any) of Net Asset Value at the end of the
calendar month over the Net Asset Value at the end of the proceeding month after
deducting from the latter the incentive fee for the preceding month and
adjusting for additions and withdrawals of capital. Net Asset Value shall
include any realized profit or loss on open securities and open positions. Open
Forex positions will be calculated at their then market value. There is a $15 transaction fee on all trades. There are no
round turn commission, management fee's, administrative fee's, front or back
load fees charged or junk fee's associated with this managed Forex trading
program.
Fees
will be billed by the trading manager, with the billing sent directly to FCM
(futures commission merchant) to be paid out of the client's managed Forex
account at the close of each month.
A client is required to execute a Power of Attorney- Fee Payment Authorization
directing their FCM to deduct the fees from the client's managed Forex account
upon presentation to their FCM by the trading Manager of a certificate setting
forth the amount of the commissions payable to the trading Manager. A portion of
the fees paid to the trading Manager may be remitted to individuals or
firms if they solicit this managed Forex trading program directly or indirectly
for or on behalf of the trading Manager.
CONFLICT OF INTEREST
The only
benefit or compensation the trading Manager receives from managed Forex trading
is an incentive fee, if any and a 1.5 pip transaction fee. Because the trading
Managers primary compensation is an incentive fee there is advantage to
the trading Manager to adopt a more conservative trading strategy. In
addition, all clients of the trading manager will pay the same 25% incentive
fee based only on trading performance plus $15 per transaction. As a
result, there is no conflict of interest between the trading
Manager's interest to treat all clients' managed Forex accounts alike or to
favor certain clients over others because such clients may pay more in fees to
the trading Manager.
ACTIONS TAKEN
The
Commodity Futures Trading Commission requires the disclosure of any material
civil, administrative or criminal action within the last five years preceding
the date of this representation against a Commodity Trading Advisor and its
principal (s).
You should note there has NEVER been any material civil, administrative or
criminal action taken, pending, on appeal or concluded against the Commodity
Trading Advisor or its principal (s).
Managed Forex currency trading
is not for everyone. This fund trades all major foreign currencies such as the
Euro dollar, British pound, Swiss franc, Japanese yen, Australian dollar and
Canadian dollar. Forex
currency trading
is a challenging and potentially profitable opportunity for educated and
experienced investors. However, before deciding to participate in this any
foreign currency managed fund, you should carefully consider your investment
objectives, level of experience and risk appetite. Most importantly, do not
invest money you cannot afford to lose. More over, the leveraged nature of
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 Forex currency
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 .
Copyright ©
2003 4xdirect. All rights reserved.
Revised:
07/19/09. IRA Managed
Forex trading fund.
Professionally managed Forex trading fund and currency trading fund that is Roth
IRA qualified. Our Managed Forex trading fund manager has over 20 years market
experience in both Forex trading and foreign currency trading.
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