Frequently Asked Questions

Open a Managed Forex Account with Dukascopy Bank, contact me at e-mail or Live Help: and I'll start Manage your Forex Account.

Opening a Managed Forex Account with Dukascopy Bank is quick and easy.

1. You will need to open up an account with Dukascopy Bank.  They are the broker I use that handles my PAMM accounts.  If you should any question please feel free to contact me or you may contact my rep. at Dukascopy Bank.  They will walk you through the process to open a live forex trading account. Please make sure on step one that you click Managed Account then you need to pick my code on the drop down box.

- 356JFH1 this is my code for account 3k (performance fee 40%)
- 356JFH2 this is my code for account 10k (performance fee 35%)
- 356JFH3 this is my code for account 25k (performance fee 30%)
- 356JFH4 this is my code for account 100k (performance fee 25%)
- 356JFH5 this is my code for account 500k (performance fee 20%)
- 356JFH5 this is my code for account 1m and more... (performance fee 15% and less)

Steps to open a live trading account:

STEP I – Fill-in

• - carefully fill in the electronic registration form:
  http://www.dukascopy.com/swiss/english/forex/FX-Interbank-Account/
• - print out the Dukascopy Bank account opening documentation;
• - read carefully and sign (with place and date of signature) the Dukascopy account opening documentation;

STEP II – Double-check

Please, make sure that the Account Opening Request contains:

For an individual account:

1. 1. Duly signed and filled-in Trading Agreement, the Request for the Opening of an Account and Customer Bank Account Details forms; (originals)
2. 2. Certified/notarized/authenticated copy of an ID card or passport containing a clearly visible signature and photo of the account holder, for the beneficial owner and authorized signatories. (In all countries certification may be performed by a public notary or Public Entity: police station, ministry of justice, ministry of the interior or town hall). Original of the certified copy) must be provided!
3. 3. A copy of a utility bill not older than three months, showing proof of your address (as indicated in your electronic registration form).
4. 4. Business Card, if possible
5. 5. Limited Power of Attorney form

For a legal entity account:

1. 1. Duly signed and filled-in Trading Agreement, the Request for the Opening of an Account and Customer Bank Account Detail forms, (originals).
2. 2. Certified/notarized/authenticated copy of an ID card or passport of all of the authorized signatories and of the beneficial owner(s). Original of the certified copy must be provided!
3. 3. A proof of the residence of the beneficial owners of the company (for example a copy of the utility bill).
4. 4. Full set of the corporate documentation, including the following:
   1. - Certificate of Incorporation (if the Certificate of Incorporation is dated more than 12 months ago, a Certificate of Good Standing/Certificate of Incumbency is required, dated less than 6 months ago).
   2. - Extract from Commerce Register dated less than 6 months old.
   3. - Corporate Power of Attorney for all of the signatories of the account with Dukascopy (the corporate documents must be submitted in the form of apostilled originals or apostilled copies)
   4. - The Memorandum and Article of Association.
   5. - Nomination of First Directors and non-interrupted nomination of further Directors (Not necessary if a Certificate of Incumbency is enclosed).
5. 5. The Corporate Resolution that authorizes to open an account, nominating the persons authorized to sign the opening documents and nominating the persons authorized to handle the account, mentioning authorization to invest in highly speculative instrument.

STEP III – Send

The Account Opening Request is to be sent by mail or courier service to the following address:

Dukascopy Bank SA
Route de Pré-Bois 20
ICC, Entrance H
1215 Geneva 15
Switzerland

WHY DUKASCOPY?

Dukascopy Bank SA is a regulated Swiss financial institution, currently in the stage of applying for a banking license, with a shareholder capital of 22 000 000 CHF.

Dukascopy Bank SA is a forex broker which provides foreign exchange trading services based on the following main principles:
Equal trading rights – all clients have equal possibilities to provide and consume liquidity within the trading environment (marketplace business model);
Transparent pricing environment – all clients have access to the same liquidity at equal prices through a single datafeed.

Whilst developing its unique trading environment and providing professional Forex trading services Dukascopy has chosen the following priorities:

• - Security of the funds
• - Lucrative spreads (EUR/USD 0.5 – 1 pip, GBP/USD 1-2 pips)
• - ECN liquidity (100 – 200 mio on Majors)
• - Wide range of trading orders (including stop-loss and limit)
• - Instant execution
• - No price and execution manipulations
• - Equal prices and liquidity for all clients
• - Advanced trading technologies
• - 24/6 phone trading support
• - Access to sophisticated analytics and news
• - Technological stability

HOW IT WORKS

Percent Allocation Management Module (PAMM)

PAMM Functional Specification:

• - Possibility to add and/or remove funds and accounts without interrupting trading activity;
• - Ability to manage through one trading platform unlimited quantity of multi currency accounts;
• - Choice of base currency for the trader’s platform;
• - Immediate trade allocation between managed accounts;
• - Performance fee calculation functionality;
• - Ability to block trading facilities for particular managed accounts;
• - Interactive functionality to accept/decline new managed accounts;

* Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

* Risk Warning
Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.

There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.

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 and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses. To manage exposure, employ risk-reducing strategies such as 'stop-loss' or 'limit' orders. Placing Contingent Orders (stop loss, limit, etc) may not limit your losses to the intended amounts”

*Disclaimers and Disclosures
Unique experiences and past performances do not guarantee future results! Testimonials herein are unsolicited and are non-representative of all clients; certain accounts may have worse performance than that indicated. Trading spot currencies involves significant risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreing exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss.

*Privacy Policy
Protecting the privacy and safeguarding the personal and financial information of our clients and website visitors is one of our highest priorities. The following Privacy Statement explains how Vitaliy-Sokur.com collects and protects your personal information. References to "Vitaliy-Sokur.com" in this Privacy Statement include all Vitaliy-Sokur.com companies and divisions, including Vitaliy-Sokur.com.

*Keywords
Forex Managed Account, Managed Forex Accounts, Managed Forex, Asset Management, Forex Managed Accounts