NOTE: You must send funds from the the
person or entity on the account. For example if you opened an LLC
account, the wire must come from the LLC's checking or savings account,
it cannot come from the owner or manager of the LLC. The funds will not
be accepted if they are from a different entity.
Is there a referral bonus if I refer friends and family to your service?
Pro Financial offers a reduction in your personal Performance Fee of 5% for each client or multiple clients whose accounts equal your current account balance. Example: you deposit $20,000 and you refer two friends that also deposit $20,000 each, then your Performance Fee would be reduced from $25% to 15%.
What is the Maximum Draw Down Policy?
Maximum Draw Down Policy
Pro Financial FX trades its clients’ accounts with a guideline Maximum Draw Down Policy, wherein, Pro Financial FX agrees to cease trading as soon as the client’s account has reached the draw down percentage from the high closed account value to the low. In the even that the Maximum Draw Down percentage is reached, Pro Financial FX will not continue to trade the client’s account until Pro Financial FX has received written permission from the client to continue trading the account. Written permission can be in the form of a letter, fax, and/or email from the client. If client gives Pro Financial FX permission to continue trading the account, the Maximum Draw Down Policy will no longer apply. Client understands that the Maximum Draw Down Policy is not a guarantee of principle or stop loss in the client’s account. Pro Financial FX does not accept any liability in the event of a major world or local event that could cause markets to shift considerable resulting in losses to the client’s account and client agrees not to prosecute Pro Financial FX if such an event occurs. The Maximum Draw Down Policy is a customer service feature only and applies to the termination of placing trades by Pro Financial FX. Client understands that open trades and all positions opened and made prior to when the Maximum Draw Down Policy percentage is reach, could potentially draw the account down below the Maximum Draw Down Policy percentage before the trade is closed – resulting in a closed value below the Maximum Draw Down percentage. Client takes fully responsibility and liability for such loss as accepted in the client’s initial application.
What are the different Leverage Options, Level I, II, & III?
Leverage Option
Pro Financial FX offers Leverage Options to the client as a customer service. The Leverage Options are tied to return goals and a Maximum Draw Down Policy. Client understands that an increased Leverage Level increases the potential for larger draw downs. Client understands that the return goals are in no way guaranteed and past performance is not indicative of future results. Level I accepts the Maximum Draw Down Policy of 10%, Level II accepts the Maximum Draw Down Policy of 20%, and Level III accepts the Maximum Draw Down Policy of 40%.
Is Pro Financial FX a Forex Broker?
No, Pro Financial FX is not a Broker. All trades are placed with MB Trading Futures Brokerage. You can visit them at www.mbtrading.com/fx
What sets you apart from other managed account companies?
At Pro Financial FX we focus on 4 items that are unique from other Forex Managed Account companies. 1. The ability to diversify between two different trading strategies. 2. Your ability to select the “Risk Tolerance Level” for your individual account (Level’s I, II, III). 3. Our “Maximum Drawdown Policy”. 4. Our Liquid Money Management.
Are the Trades placed by and actual person or a computerized system?
The trades are placed by a team of actual traders. At Pro Financial FX we monitor the Market 24 hours a day waiting for a clear signal to enter the market. With a team of traders we can analyze the market and determine our potential risk and reward from each trade. By having an actual person making the trades, we can find the potential magnitude of the market and place our order to close at that point. Most computerized systems trade with pre-set profit and loss calculations on every trade, not calculating the actual market conditions, potential, and magnitude thus resulting in larger draw downs.
The trading results posted look good but how do I know your system will continue to work in an ever changing market?
Past performance in no guarantee of future profits and therefore there is never a full assurance that we will continue to be profitable. However, unlike other trading strategies that are curve fitted to back tested data, our trading strategies are calculated on current market conditions and the expectaction of the future results. Through low risk entries and profit targets we won't win everytime but we are confident that we will win over time. Ultimately there is always the risk of loss which is there due to the potential reward.
Since the Forex is not regulated like the Stock Market, how do I know my money is safe with the broker? I have heard of other brokers being shut down because of violations, is that true?
We never touch your money. It is your own personal account and you are contracting us to trade your funds. With 100% transparency and 100% liquidity and access to your account you are able to monitor the account and quit at any time. Pro Financial FX is dedicated to trading our systems according to the rules and it is our goal to grow your account according to your risk tolerance*. Yes it is true that the broker could go down, however, MB Trading is a very strong company. To learn more about MB Trading go to their website at www.mbtrading.com.
How is the Forex profits taxed?
Our understanding is that forex profits are generally taxed as 60% long-term capital gains and 40% short-term capital gains, however, there are many exceptions in the complicated tax regulations (see sections 1256 and 988 of the Internal Revenue Code). We are not tax experts and cannot offer tax advice. Please consult your local tax professional for answers on your individual situation.
