MAM Managed Accounts
For the MAM Managed Account, we are using our trusted broker, FX Choice – The trader’s wise choice. FX Choice Limited is authorized and regulated by the IFSC (Licence number: IFSC/60/191/TS/17. The registration number is 105,968)
What is a MAM Managed Account?
The acronym MAM stands for Multi-Account Manager and is a technical solution that allows
traders and investors to become part of a “pool” of separate accounts, or sub-accounts (also known as
”slave” accounts), traded together as one by a professional trader or fund manager. The professional trader or fund manager has limited power
of attorney (LPOA) over the accounts; in other words, authority from clients to trade their
accounts. The account that the manager trades with is called a “master account”, whose
equity is equal to the sum of all the sub-account balances.
What are the Advantages of using our MAM Managed Account?
- The management fee is only paid on profits generated (on a high watermark incentive fee
- No Forex experience is necessary.
A schematic view of our MAM Managed Account platform:
How do I join the MAM Managed Account?
If you have not registered with us already, but wish to have your funds managed by our professional trader Jon Morgan, you need to register here.
You then follow the instructions provided in the welcome email and create a user profile with FX Choice. Once your user profile has been created, you will need to complete the following steps:
- Log in to the FX Choice Back Office, then go to the Services tab and select “Join managed account” from
the list of options available.
- Read and agree to the terms & conditions of the LPOA (Limited Power of Attorney)
- Select the managed account you wish to join from the drop-
down menu and press the Accept button (as shown below). You will have 3 options for the managed accounts depending on how much you decide to deposit.
What is the Minimum deposit for the MAM Managed Account?
We recommend minimum $5000 USD deposit to get the best performance fee rate (30%). However, we started offering 2 options for under 5k deposits for a higher performance fee.
- Above $5000 USD deposit (30% performance fee)
- Between $2500 – $4999 USD deposit (40% performance fee)
- Between $500 – $2500 USD deposit (50% performance fee)
** If you already have a user profile with FX Choice, you can request to have us as your money manager, and FX Choice will make the necessary changes to your account.
How do I exit the MAM Managed Account?
Let us say you decide to exit our managed account.
You will need to log in to the FX Choice Back Office and click on the Sub account
number you wish to disconnect from. But if you’re making money with us, why would you want to?
Can Forex Lens / Jon Morgan withdraw money from the Managed Account?
No – as per FX Choice’s internal withdrawal policies, funds can only be withdrawn by the same person who initially
funded the account. In other words, withdrawals to third parties are prohibited. If someone
attempts to withdraw funds from your trading account to a bank account registered in someone else’s
name, the withdrawal will be declined by FX Choice’s finance department.
All this info can be found on the FX Choice website by clicking here. You may also contact their Live Customer Support to inquire further about the MAM Managed Accounts.
Who is managing the MAM Managed Account?
The MAM Managed Account is managed by our professional trader, Jon Morgan – who is also our educator in the Forex Trading Room. Jon Morgan is a full-time forex, futures, and cryptocurrency day trader who uses Gann Analysis as a basis of his trading, and it has been working very well for our clients. It has been working so well that many of our clients end up joining our Trading Room Membership to learn how to trade using Gann Analysis. It is definitely a great tool you would want to have with your trading.
Here is the performance of Jon’s performance so far on myfxbook:
As of today (April 12, 2018), a gain of +46.55% since inception in March.
If you would like more info, you can email us at [email protected] and we’ll be happy to answer any questions you have.