Greetings everyone. I’ve got a new managed forex account for you folks to check out. One again this one also comes from Income Plus Asset Management Inc. (IPAM) The name of the managed account is “Armada” and it trades at IFX. IFX is a U.K registered company and is authorized and regulated by the FSA (financial services authority).
Like all of IPAM’s IFX based managed accounts Armada operates on LAMM (Lot Allocation Management Module) technology. The only noticeable difference between the Armada and IPAM’s other IFX operated accounts is the per round turn performance fee, which is set at $2.50 per 10K round turn lot compared to $3.50 for the other ones. Although I know many people (including myself) do not like per round turn performance fees, keep in mind that the performance results are NET of ALL fees.
Ok, let’s go into some details about the Armada account:
Trading Style: Short-term trading employing maximum risk control while applying proprietary technical strategies on both a day and swing trading basis.
Key Points – IPAM Armada
- Number of strategies - multiple time frames: 35
- Average trades per month: 70
- Average holding time per trade: 1 - 5 days
- Currency traded: EUR, USD, GBP, CHF, JPY, CAD, AUD, NZD and their crosses
- Strict Risk Management: multiple loss control techniques and extensive trade management tools implemented on every trade
- Fully Automated: All Trading Done by Computer Algorithms
- Minimum investment size: $10,000
- Management Fee: $2.50 per round turn 10,000 lot plus 25% of net new high equity
- Monthly results, net of all fees, may be viewed at IPAM Armada Performance Results
Please Note: All gains, losses, and trading fees are distributed by the LAMM (Lot Allocation Management Module) account on a percentage basis so that all accounts, regardless of size, obtain the same percentage returns.
As you can see this one has a much higher minimum investment size compared to the IPAM Platinum at FXCM account that I mentioned in a previous post. Also, the returns are much higher. Luckily though this account has managed to achieve these high returns with only two losing months since 2006. Keep in mind though that this account is traded by computerized strategies unlike the IPAM Platinum which does involve a certain amount of human intervention, or as we say in the trading community, “discretionary trading.” However, this does not necessarily make it inferior to IPAM Platinum or any other human traded accounts. There are many variables to consider and the long term performance record is what really matters in the end.
So there you have it folks, another managed forex account for your consideration. Stay tuned to this blog as I will be introducing other managed forex accounts later on.
Happy Investing!
Alan
April 27th, 2008 at 7:47 pm
[…] Original post by alan […]
April 27th, 2008 at 9:38 pm
[…] sssingapore wrote an interesting post today onHere’s a quick excerptI’ve got a new managed forex account for you folks to check out. One again this one also comes from Income Plus Asset Management Inc. (IPAM) The name of the managed account is “Armada” and it trades at IFX. … […]
November 19th, 2008 at 4:23 am
My company Soukfx is interested in a mutually beneficial relationship with your company. We have a forex managed fund ourselves that has been trading live since 2003.
The fund has averaged 5-6% a month for going on 5 years now. Our fund is traded by a software program (an EA)we have been fine tuning for the last 8 years. The program is monitored around the clock by 8 of our traders. We are very pleased with these results and so our all our clients.
If you are not achieving the same kind of returns that we are. You may want to consider
allowing us to show you what our EA can do. We have account statements all the way back to 2003 that have been verified by the NFA. We are members of the NFA with a spotless record. What we are suggesting is allowing our traders and EA handle your managed fund for you. We have already begun to take over DC Bonta’s managed fund ,Global potential corp’s fund, and the FX Nation Live Fund.We have made a deal with them that was not only beneficial to them, but also very satisfying for their customers.
Our EA also trades an avg of 30 to 40 times a day so the commissions are very lucrative for everyone involved. The 5-6% return your customers will average is after commission.
If this is something you would be interested in hearing more about hit reply or call us at the number supplied at the bottom. We realize in a venture like this you will want to do your due diligence so these are the credentials we can supply you.
1.NFA numbers and contact info to check our history and relationship with the NFA.
2.Background checks on all proprietors.
3.Account statements going back to 2003.
4.All exchange information
5.An actual live trading account you view the EA in action.
6.Contact information of customers currently in the fund who can verify the results we claim.
Jonathan Roberts
Global Potential/SoukFX Account Rep.
901 592 6844
866 439 9148
SOUKFX LIMITED
Suite 300, 400 5th Avenue SW
Calgary, AB T2P 0L6
Canada
November 19th, 2008 at 8:54 am
Jonathan please visit:
http://www.powerforex.com/fxsuccess
and then look for the “Contact Us” link on the left-hand side menu. There is an e-mail there that you can use to send your proposal.