HOW DO I JOIN YOUR MANAGED ACCOUNTS (MAM)?
First you need to open an account in FXChoice.com through our IB link: https://my.myfxchoice.com/registration/?ib=42432. If you have already an account with FXChoice, then you need to move IB under us.
You need to verify your account by uploading documents (Proof of Identity & Proof of Address) from your FXChoice BackOffice.
Now login to your BackOffice. Go to Services > JoinManagedAccount and Choose MAM master account #58327. Accept terms & conditions and the LPOA (Limited Power of Attorney).
As long as you join of our MAM, a Sub-account is generated automatically for you. Now deposit fund to that Sub-account. Now you are done.
HOW DO I FUND MY BROKERAGE ACCOUNT?
Please kindly visit this webpage of FXChoice:
CAN I DEPOSIT WITH DIFFERENT CURRENCY?
You can use these currencies for depositing fund: USD, EUR, GBP, AUD, CAD.
As our MAM master account currency is USD, it is automatically converted to USD currency while you depositing or transferring fund into your MAM sub-account.
You can use multiple eWallets at FXChoice. Before funding into your sub-account, deposit or transfer fund into your USD eWallet. Then transfer into your MAM sub-account. It is the best practice for depositing fund into your sub-account. By this way, there will be no problem to calculate your investment amount for your sub-account.
WHAT IS THE MINIMUM DEPOSIT INVESTMENT?
Minimum investment is $1,000 for Professional (Std plan) investors and $10,000 for Institutional (VIP plan) investors.
HOW DO I WITHDRAW MONEY FROM MY MAM ACCOUNT?
As long as you have no open trades you can simply withdraw of your full amount or partial amount. If there is any open position, then you can withdraw fund partially.
DO YOU ACCEPT CLIENT INVESTORS FROM THE USA?
Yes. As FXChoice accepts US clients, so we can provide our services for US clients. Not only that we can provide our services to all over the world.
IF I DO NOT WITHDRAW MY PROFITS EVERY MONTH WILL IT BE AUTOMATICALLY REINVESTED?
Yes, eventually profits left in your account will be considered an addition to principal, and will be factored into trade size calculations.
CAN I TRADE MYSELF ON THE ACCOUNT CONNECTED TO THE MAM?
No. This is not possible. According to MAM Sub-account terms you can only view your account progress.
I DO NOT KNOW HOW TO SET EVERYTHING UP CAN I STILL INVEST?
Yes, you can. Simply contact us or live chat for help and we will guide you with every single step.
HOW CAN I SEE MY ACCOUNT PROGRESS?
You can see it from your FXChoice backOffice. Best way to see your account progress as well as trading performance through the myfxbook verified track record. Go to our performance page to get myfxbook link.