Frequently Asked Questions

How Does a Managed Forex Account Work?

To open a managed Forex account, you add money to your account and assign trading responsibility by signing and conveying a Limited Power of Attorney. The manager does not have a control over your funds and cannot deposit or withdraw them from your account. A managed Forex account enables the manager to trade your account on your behalf without having to transfer the funds into a combined pool. The trader then makes all the trades for you and keeps 40-30% of all profits on trades made on your behalf; you keep 60-70% of all traded funds. This type of compensation system provides excellent motivation for your Forex trader to do the very best that they possibly can for you.

Here is how it works:

1) Investor opens a Forex account at a Forex broker. This Forex account is fully owned and controlled by the investor. The fund are transferred to this personal Forex account of the investor, which provides 100% security, meaning nobody else except the investor himself has access to the fund or authority to withdraw it.
2) Investor then authorizes a Forex account manager via a Limited Power of Attorney to execute trades on behalf of the investor using the broker’s trading platform. This Limited Power of Attorney can be revoked anytime and the trading will be stopped immediately.
3) Investor authorizes the Forex broker to pay a performance fee calculated according to the rate of the profit sharing to the Forex account manager at the end of each month.
4) Investor is granted with the complete access to view and monitor the trading activity on his/her account via view only password. It includes observing every trade taken on his/her account and viewing the account’s current balance and equity.
The minimum investment varies from US $10,000 to $5,000,000 (or equivalent).

Recommended Brokers

1. MIG Bank – the Swiss Forex bank

Limited Power of Attorney

2. Tadawul FX

Limited Power of Attorney

3. Forex.com

Limited Power of Attorney

4. Trad€view Forex

Limited Power of Attorney

5. AVAFX

Limited Power of Attorney

6. Varengold Investment Bank AG – the German investment bank

Limited Power of Attorney

MIG Bank, Forex.com, Varengold Investment Bank AG, Trad€view Forex, AVAFX & Tadawul FX works as clearing brokers only. This Forex account is fully owned and controlled by the investor.

Have a Question? Need Assistance?
Please do not hesitate to contact me , should you have any questions.

Do you have any rights to my funds at my broker/bank?

I only have the rights to trade your account on your behalf and deduct our incentive fees each month which is stated on your brokers/banks Power of Attorney form that is signed between you and me.

When and how can I withdraw money from my account?

Withdraw or deposit is allowed at anytime, once you need to withdraw please contact the bank via email and follow their withdrawal instructions, I advice to withdraw at the end of every month. You can withdraw by your signature only and your call as well.

How can I view the activity at my trading account?

Each client will be issued with a read-only login. You can login to your account to view account activity or generate reports at any time.

What currency pairs do you trade?

Trading pairs: EUR/USD.

What is the minimum amount of money you will manage?

Due to the nature of the program I only manage account from US $10,000 (or equivalent).

What about fees, commissions, management fees, incentive fees and if there is any other expenses?

I offer my Investors 3 types of Fee Schedules:

1) Customers with a minimum maintained balance US $10,000 to $99,999 (or equivalent)
Incentive Fee: 40% per month

For example 1: More info please see here: Performance page
Investor(1) started in December with $20,000,
Trading Period: 2009.12.02 - 2009.12.30,
Next month the broker achieved $7,214.98 profit,
40% ($2,885.99) incentive fees to Trader (Vitaliy Sokur) and broker, and
60% ($4,328.98) is Investor's(1) net profit.

2) Customers with a minimum maintained balance US $100,000 to $499,999 (or equivalent)
Incentive Fee: 35% per month

For example 2: More info please see here: Performance page
Investor(2) started in December with $200,000,
Trading Period: 2009.12.02 - 2009.12.30,
Next month the broker achieved $79,923.21 profit,
35% ($27,973.12) incentive fees to Trader (Vitaliy Sokur) and broker, and
65% ($51,950.08) is Investor's(2) net profit.

3) Customers with a minimum maintained balance US $500,000 to $5,000,000 (or equivalent)
Incentive Fee: 30% per month

For example 3: More info please see here: Performance page
Investor(3) started in December with $2,000,000,
Trading Period: 2009.12.02 - 2009.12.30,
Next month the broker achieved $771,633.06 profit,
30% ($231,489.91) incentive fees to Trader (Vitaliy Sokur) and broker, and
70% ($540,143.14) is Investor's(3) net profit.

Past Performance is not necessarily indicative of future results.

NO FEES ON ASSETS. No Commissions. No management fees. No incentive fees. No other expenses.

Fees are only of profits that have been done by the broker.

What is the first ranked Forex company/firm/bank that is depended and based on votes from all traders?

I reccommend: MIG Bank, Forex.com, Varengold & Tadawul FX

What are the Varengold Bank FX’s guarantees?

The Varengold Investment Bank AG (the Varengold Wertpapierhandelsbank AG) is registered with the German Federal Financial Services Supervisory Agency (BaFin) with the number (109 520) 100 and listed on the www.bafin.de website.

Bundesbank
www.bundesbank.de/download/bankenaufsicht/pdf/bankstatistik03_erl.pdf
www.bundesbank.de/bankenaufsicht/bankenaufsicht_bafin.en.php
www.bafin.de/cln_043/nn_720494/SharedDocs/Unternehmen/EN/10/95/109520.html?__nnn=true

The Varengold Investment Bank AG (Varengold Wertpapierhandelsbank AG) conducts the purchases and sales of the financial instruments in their own name for the third parties (the principle broking service) as a subject to Section 1 Sentence 2 No.4 KWG, as well as the financial portfolio management as a subject to Section 1a sentence 2 No.3 KWG, and the investment and contract brokerage according to Section 1a sentence 2 No.1 and No.2 KWG (the German Federal Banking Act).
The Varengold Investment Bank AG (the Varengold Wertpapierhandelsbank AG) subscribes to the Compensatory Fund for Securities Trading Companies (EdW) [www.e-d-w.de] . The Varengold Investment Bank AG (the Varengold Wertpapierhandelsbank AG) is a member of the Bundesverband Alternative Investments e.V. (BAI) [www.bvai.de] .

www.bvai.de/index.php?id=17
http://finance.google.com/finance?q=FRA:VG8
www.reuters.com/finance/stocks/overview?symbol=VG8G.F
http://investing.businessweek.com/research/stocks/snapshot/historical.asp?symbol=VG8G.DE
http://ipos.wallstreet-online.de/detail/753715.html

How can I open an account? How can I start?

Open an Forex Account in 6 Easy Steps

Here is what to do:

New customers - Instructions to open an actual account

Step 1

Please fill in the online application. Open an online account through this link:

OPENING AN ACCOUNT ONLINE

Fill in all the information needed.

Remember, if not present, to write 11001445 code in "BROKERED BY AGENT..." field.

Step 2

You will receive an e-mail from the Varengold Bank FX in the moment you finish opening an online account. Please open this e-mail and click on the link to download a PDF file, there are 8 pages within this PDF file. Print these 8 pages and sign pages number 4, 6, 7 and 8.

Step 3

Submit necessary documents.

Due to regulations in Germany, the Varengoldbank FX will only accept accounts with the following authenticated documents along with the customer application:

IDENTIFICATION DOCUMENT FOR ACCOUNT HOLDERS AND ANY AUTHORISED PERSON (ENG) (23K)

How to identify

This is also up to authorized people, who shall get, for example, an account or trading authority.

The identification is made as follows:

1. Take a document “Identification of account holder” or if needed "Identification of authorized person" and fill out the needed fields under point 1. and 2.

Sign with date under 1. “Personal signature of person to be identified”.

2. Make a copy of your passport.

3. Go with all these documents and the original of your passport to

• a notary
• an international known bank or
• an embassy or a consulate of Germany or of an EU-country
• a trusted third party of Varengold and let them fill out our identification form under 3. with signature and stamp/seal of the legalizing authority.

Individual/Joint Accounts
• Notarized copy of your passport.
• Customer agreement duly completed.

Corporate Accounts
• Notarized copy of your passport.
• Notarized Articles of corporation
• Notarized Certificate of Incorporation
• Customer agreement duly completed.

4. Send this document in original by mail within 14 days and by e-mail or fax in advance.
Please also attach the copy of the passport which has been used to identify you.

Varengold Wertpapierhandelsbank AG
Grosse Elbstrasse 27
D-22767 Hamburg
Germany

Step 4

Receive email with account status.
Once your account is being approved, you will receive all banking details for you to start trading.

Step 5

Deposits in your new account

Garantee that your account is available for business as early as possible, you may already make payments into your new account.

To do so, please transfer the desired sum to the following Varengold transfer account:

Dresdner Bank AG
Account holder: Varengold Wertpapierhandelsbank AG
Account No.: 0310652415
Sort code: 20080000
SWIFT: DRESDEFF200
IBAN: DE34200800000310652415

or see hee: Fund your Forex Account

Step 6

Signature Power of Attornrey - Varengold bank FX and send it to the bank.

Below are some additional forms that maybe required in addition to the customer application.

Limited Power Of Attorney (214K)

Additional account request form (33K)

Internal Funds Transfer Form (33K)

Withdrawal Request Form (2942K)

Varengold bank FX is a leading German Investment Bank which offers cutting edge technology, competitive pricing, investment options, portfolio managment for institutional and retail customers.

Varengold Wertpapierhandelsbank AG) is registered with the German Federal Financial Services Supervisory Agency (BaFin) with the number (109520 ) 100 and listed on the www.bafin.de
The bank has its Headquarters in Hamburg with service support offices in Shenzen and Zurich.

* 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