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  • FX Viper MAM (Managed Account)

    Invest with FX Viper through our Managed Account (MAM)



    So what's a managed account?
    By participating in the managed account you are effectively allocating capital to FX Viper to trade on your behalf. We then split the profits generated on a 30/70 basis (you keep 70%). There are no entry or exit fees and the funds remain in your name at either of our regulated executing brokers, IC Markets or AxiTrader.

    How does it work?
    Once you've made the decision to invest in the managed account all you need to do is fill out the relevant application forms, sign a limited power of attorney (LPOA) allowing us to trade on your behalf and fund your account. You will then receive a daily statement via email with details on your accounts trading activity.

    Sounds good, how do I get started?
    You'll need to decide which executing broker and what risk settings meet your needs. Here is a synopsis of the options.



    AxiTrader



    We offer managed accounts at AxiTrader through our ASIC regulated sister company Think Huge Investments Pty Ltd.
    • Brokerage fee: $3.75 per lot round turn (this is the unavoidable charge placed on us by the broker for executing your trade in the market)
    • Denomination options: AUD, USD, GBP
    • FX Viper risk multiplier: 2x (this means that the managed account multiplies the proportionate lot size of the master account by a factor of 2. This has the effect of doubling the returns and the potential risks)
    • Clients excluded: We accept all clients outside of The United States.
    • Performance fee: 30% on a high watermark basis (we'll explain high watermark shortly)
    • Minimum investment: $10,000

    How do I get started with AxiTrader?



    Due to Think Huge Investments being regulated by the Australian Securities and Investment Commission to provide managed discretionary accounts, the application process is a fairly detailed to ensure that all investors are aware of the potential risks involved. It shouldn't take more than 10mins to complete and can all be done online.
    1. Start your application process by clicking here, and selecting the associated denomination at the bottom of the page, then click "proceed".
    2. Once the application form is complete you will be emailed confirmation and asked to complete a questionnaire to determine your suitability. Rest assured all information given is secure, it's designed to ensure clients have a basic understanding of forex/derivatives and that they fit the profile of an "aggressive" investor.
    3. Once the questionnaire is complete we send the information to our external compliance team (HLK Group Pty Ltd) for processing.
    4. An AxiTrader account opening link is then emailed to you that includes an online LPOA for you to complete.
    5. Once you're approved and your account funded all you need to do is sign the Authority to Proceed and you'll be connected and start receiving trades. The entire process normally only takes 24hrs to complete.

    Start the application process now!



    IC Markets


    • IC Markets managed accounts are offered through our Hong Kong registered business. Think Huge Ltd
    • Brokerage fee: $5 per lot round turn
    • Denomination options: USD
    • FX Viper risk multiplier: 3x only
    • Clients excluded: We accept all clients outside USA and Australia
    • Performance fee: 30% on a high watermark basis
    • Minimum Investment: $5,000

    How do I get started with IC Markets?
    1. Open an account by clicking here.
    2. Download and complete the LPOA (limited power of attorney) giving us permission to trade on your behalf and for you to be attached to our managed account by clicking here
    3. Email the completed LPOA to our account manager Sophie Zakrzewska partners@icmarkets.com with confirmation that you would like to be added to the 3x risk account (account 2089104791).
    4. After processing your LPOA, IC Markets will provide you with a MAM sub-account number.
    5. Fund your account.
    6. That's it! (we will connect your account automatically, however if you're would like confirmation please feel free to email us directly at support@forexsignals.com)

    3x Risk Myfxbook



    3x Risk LPOA



    We have negotiated aggressively with each executing broker to reduce brokerage commissions and passed the entire saving onto our clients as a direct discount. You are saving between $2 and $3.25 per lot (depending on which broker you select)

    If you don't make money, we don't make money.

    Each managed accont charges a performance fee of 30%, withdrawn monthly on a high watermark basis.


    Frequently Asked Questions


    Are there any upfront fees?
    A: No, there are no entry or exit fees on our managed accounts.

    Can I withdraw my funds at any time?
    A: Yes. However each MAM operates a little differently.

    AxiTrader - You can withdraw up to $2,000 at any time through the AxiTrader client control panel. Larger withdrawals are also requested through the client control panel, however they require our approval to ensure there is enough margin on your sub account. Approval is generally granted within 24hrs.

    IC Markets - You can withdraw up to 20% of your equity at anytime. We request that larger withdrawals or account closures be processed when no trades are open. To process a withdrawal please fill out this form and email it to partners@icmarkets.com.au with your account details and requested withdrawal amount.

    Do I have to install software or run a VPS?
    No, there is nothing to install or monitor. Once the account is opened the process of monitoring your investment is completely passive.

    Can I trade the account myself as well?

    No, once you assign your sub account to the MAM you won't have access to trade the funds yourself. You would need to open a separate account not tied to the MAM if you wanted to trade manually.

    How does the watermark high calculation work?
    The high watermark calculation creates a scenario where the client is only charged a performance fee once their balance has exceeded the previous highest point.

    For example:

    Starting Deposit = $10,000

    Month 1 = $11,000 (10% gain)
    Fee = $300 ($10,700 balance)

    Month 2 = $10,000 (7% loss)
    Fee = zero

    Month 3 = $12,000 (20% gain)
    Fee = $390 (30% of the $1300 gain on the previous highest balance after the fee was withdrawn)


    The above example uses the accounts equity amount, not the balance.



    Remember - If you don't make money, we don't make money.


    If you have any further questions please feel free to post them on this thread or email us at support@forexsignals.com


    If you would like more information on FX Viper please check out a documentary I filmed with the trader in April 2014. This details his trading, lifestyle and gives a sneak peak into what it takes to be a multimillion dollar forex trader.




    Please remember that forex trading is an incredibly risky form of investment. Only trade with money you can afford to lose.
    Audio Interview with Jay from SteadyCapture Now Available
    Click Here To Listen

  • #2
    Thats what im talking about!!!!!

    Im sending you the lpoa signed asap!!!!

    Love you jeff!


    Sent from my iPad using Tapatalk HD

    Comment


    • #3
      Can a MT4 account with another currency (EUR) been linked to the MAM or should it be a USD account?


      Dub.

      Comment


      • #4
        Originally posted by Dubovski View Post
        Can a MT4 account with another currency (EUR) been linked to the MAM or should it be a USD account?


        Dub.
        Hi Dub,

        It needs to be a USD account, the broker can transfer it from EUR to USD for you.
        Audio Interview with Jay from SteadyCapture Now Available
        Click Here To Listen

        Comment


        • #5
          Yihaa,
          My 1st day with viper venom already shown greenies.

          Thx nick, thx jeff


          Sent from my iPad using Tapatalk HD

          Comment


          • #6
            Enjoy!!

            Cheers


            Viper/Jeff

            Comment


            • #7
              Too bad they don't accept US clients

              Comment


              • #8
                i open an account with icmarkets i send lopa to icmarket he open me a subaccount as well i fund subaccount but no signal in my account i cntact icmarkets he said contact manager anyone can help me thanks

                Comment


                • #9
                  Originally posted by gental View Post
                  i open an account with icmarkets i send lopa to icmarket he open me a subaccount as well i fund subaccount but no signal in my account i cntact icmarkets he said contact manager anyone can help me thanks
                  Hi Gental,

                  I've just connected your account. You will get the next trade on the MAM.

                  Welcome aboard!

                  Regards

                  Nick
                  Audio Interview with Jay from SteadyCapture Now Available
                  Click Here To Listen

                  Comment


                  • #10
                    Originally posted by Nick View Post
                    Hi Gental,

                    I've just connected your account. You will get the next trade on the MAM.

                    Welcome aboard!

                    Regards

                    Nick
                    Thanks Nick

                    Comment


                    • #11
                      Hi everyone just an update on the new IC Markets MAMM. It looks like its working great with trades being copied locally on my end. Welcome aboard everyone I look forward to a great year ahead of us.


                      Cheers

                      Viper

                      Comment


                      • #12
                        Hi Viper, is this commission still available?

                        Comment


                        • #13
                          I am confused the IC Markets MAMM has no rebate so we passed on the savings for a low commission from IC of 5.00 per lot. The only fee charged is a performance fee.


                          Viper

                          Comment


                          • #14
                            Originally posted by immanuelinho@live.co.uk View Post
                            Hi Viper, is this commission still available?
                            Hi Immanuel,

                            The $5 per lot commission isn't a "special deal". It'll remain in place for the foreseeable future.
                            Audio Interview with Jay from SteadyCapture Now Available
                            Click Here To Listen

                            Comment


                            • #15
                              Hello Nick, any guide for reinvest or additional deposit?

                              Comment

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