Overview
The FTT managed forex account program utilizes discretionary and technical trading techniques combined with a moderate use of leverage to minimize the volatility of returns. Being the oldest managed program of the two available, MAC is perfect for investors looking for a moderate risk, lower return investment strategy while still participation in the forex market. Managed account investors can also look at the FTT account #2 which has a $10,000 account minimum.
Minimum Deposit: US$25,000
Deposits: Money can be deposited in a managed fx account at any time. Every deposit will be invested at a money market rate of interest until the first business day of the next calendar month, if it is received prior to the first of the month, at which time it will be invested in the managed account program. Both U.S. Dollar and non-U.S. Dollar deposits are accepted.
Withdrawals: Account withdrawals can be done monthly and a written notice must be submitted at least three business days before the last trading day of the month.
Managed Account Fee Structure: 2% annual management fee plus 20% performance fee. Part of the 2% annual fee is assessed monthly. The performance fee is equal to 20% of Trading Profits (Realized + Unrealized P/L) and it is also assessed on a monthly basis. No performance fees will be assessed during a month unless the customer’s account reaches a new high water mark.