1. What exactly is a managed futures account?
2. What types of investors utilize managed futures accounts?
3. Is there a minimum investment needed to establish a managed account with you ?
4. If I don't have the minimum to open an account, can I group my funds together with someone else in order to "qualify"?
5. Can I stop my account from being traded at any time I choose ?
6. Can I open or close trades in the account that is being managed for me?
7. Can I withdraw money from my account anytime ?
8. Can you withdraw money from my account ?
9. Why do you only trade Dow Jones and U.S. T-Bonds Futures ?
10. Can I choose my own broker and ask the fund manager to use it for managing my account?
11. Do i get statements to track the performance of my account ?
12. How do I open an account ?
13. How do I fund my account ?
1. What exactly is a managed futures account?
It is like any other brokerage account established to trade in futures except that responsibility for determining what trades to make and at what time, including discretionary authority to direct trading for the account, is delegated to an account "manager".
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2. What types of investors utilize managed futures accounts?
Usually individual investors seeking the profit opportunities of futures trading but without the responsibility and demands of day-to-day account management.
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3. Is there a minimum investment needed to establish a managed account with you ?
Yes. To establish an account with us you need at least US-$ 10.000.
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4. If I don't have the minimum to open an account, can I group my funds together with someone else in order to "qualify"?
Most brokers will allow you to open a joint account with someone else, but please be aware that you will both have legal ownership of the account, and must usually both sign any documents related to the account, including Power of Attorney authorizations and withdrawals. Think carefully before you decide to enter into a joint account with someone else.
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5. Can I stop my account from being traded at any time I choose ?
Yes. To stop trading, simply notify the "account manager" to halt trading. You would then ask your brokerage firm to return the balance of your account to you by providing wiring instructions or an address to send the funds by check.
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6. Can I open or close trades in the account that is being managed for me?
No. A managed account can only be traded by the trade manager you authorize with a Power of Attorney. You can revoke the Power of Attorney to regain the ability to place trades in the account and then it will no longer be a managed account.
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7. Can I withdraw money from my account anytime ?
Yes this is possible.
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8. Can you withdraw money from my account ?
No, the funds in your managed account are held in a segregated account by the brokerage firm. You are the proprietor of this account and the only one who can make deposits to or withdrawals from this account. The only power you grant to the trade manager for the managed program is the power to trade your account through a Limited Power of Attorney, which also may authorizes deduction of the agreed performance fee/profit share ("incentive fee") stated on the Power of Attorney.
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9. Why do you only trade Dow Jones and U.S. T-Bonds Futures ?
Because we have the most experience in this markets and expierence is most important when daytrading futures.
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10. Can I choose my own broker and ask the fund manager to use it for managing my account?
No. Your account must be opened at the same brokerage as all others under management in that program. The head trader for the program has access to software that allows trading of these accounts as a group -- but they must all be at the same brokerage for the trade manager to use this.
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11. Do I get statements to track the performance of my account ?
Yes you will get you account statements every day by email.
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12. How do I open an account ?
Please use the online application to open your account. All documentation will be submited via the internet upon completion. You will also need to provide a copy of your passport, either by email or by fax to PFGbest. Please click here to open your managed account : ONLINE APPLICATION
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13. How do I fund my account ?
Funding your account is easy. You may either wire the money to the brokerage house, or send a check. We strongly recommend that you convert the funds into U.S. Dollars before submitting them to the broker. This is because doing so will likely save you money on the conversion rate.
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Managed Accounts