Where is my money held?
Your money is held in a forex trading account in your name at a regulated brokerage company. We and our traders have no powers to withdraw anything out of the trading account but trade.
What is minimum amount required to join Elite Financials?
The minimum amount required for our forex funds managed program is $50,000.
What is start / close date to join Elite Financials?
There is no start or close date to join. Interested investors are free to open their forex managed accounts with us on any date of the month they want.
What is the largest drawdown you have experienced?
It is possible for equity drawdowns on open positions to exceed 25%, although we have not experienced it for the last many monhs. For clients with accounts over $100,000 who lean to wealth preservation instead of capital growth, we cut the leverage by half again, further reducing risk.
What Commissions or Management Fees are charged?
We charge an incentive fee of 20% up to 30% of the net profits per month from the watermark of previous highs. There is NO additional markup or fee involved for clients to pay.
How do you trade my account?
We trade your account through a Limited Power of Attorney. This is only legal access we have to your account or funds. Only in case of no LPOA (in few brokers) out traders work directly with clients where investors takecare of our fee issue as described.
Do you have access to my funds?
No, your funds are in your forex trading managed account in your name at regulated and financially sound forex brokerage company. 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 us is the power to trade your account through a Limited Power of Attorney.
Is this Limited Power of Attorney permanent?
No. You can revoke the Limited Power of Attorney on your managed forex account at any time.
How do I verify the status of my account?
When your managed forex trading account is opened by forex brokerage company, you are issued a Username and Password which enables you to view and monitor the status of your account 24 hours a day. Through this Login, you can view a complete history of all closed trades as well as the status of any open trades.
May I open a managed IRA forex account?
Yes you may. The same limit of a minimum $50,000 account applies to IRA accounts.
