How We Operate

Forexmax Limited operates its discretionary investment management services within the following boundaries, trading on behalf of Intermediate clients.

Clients open a trading account with our Broker ODL Securities Limited London who are authorised and regulated by the FSA. In certain circumstances Forexmax Limited may conduct some of its activity through an elected regulated broker chosen by the client.

Clients will sign an intermediate customer agreement with the Broker. Client will transfer funds to their account at the brokerage company (ODL Securities Limited or your chosen regulated brokers). Only after qualifying as an intermediate client of the Brokerage company (ODL Securities Limited or your chosen regulated brokers) clients will be invited to provide Forexmax Limited a "LIMITED POWER OF ATTORNEY" to trade foreign exchange on behalf of the client.

Trading activity / investment process is based on set rules and parameters, terms and conditions that clients would have to sign and agree upon trading. These terms and conditions will be provided to clients upon opening a trading account. Forexmax Limited will obtain and keep a copy of KYC documents from the brokerage company (ODL Securities Limited or your chosen regulated brokers)

All clients deposit their funds with the brokerage company (ODL Securities Limited or your chosen regulated brokers) Forexmax does not hold client money. Clients have full control of their account and can at anytime revoke power of attorney from Forexmax Limited. Trading would then cease on that account (any open positions will be closed out, a 24-hour period is considered reasonable for the open positions to be closed efficiently)

All trading activities are transparent to the client through a daily statement of accounts generated by the brokerage company (ODL Securities Limited or your chosen regulated brokers) and are sent to clients via email everyday following the close of business.

Access to the secure website of the brokerage company (e.g. ODL Securities Limited) is also granted to provide transparency of all trading activities to the client. In addition to daily statements of your account provided by the brokerage company (ODL Securities Limited or your chosen regulated brokers), Forexmax will provide a monthly performance table of its activity that will be emailed to clients.

With our unique forex trading model combined with stringent risk management controls specifically designed to benefit the intermediate and/or higher category customer, we aim to yield above average returns over the medium to long term.

Fund Security

Client funds held at ODL Securities Limited are held in non-segregated accounts. ODL Securities are authorised and regulated by the FSA registration number: 171487, ODL Securities are also regulated by the CFTC registration number: 0345289 and member of NFA. ODL Securities are a member of the London Stock Exchange and Member of EURONEXT LIFFE and APCIMS. You may find more details about ODL Securities Limited by either contacting us or visit their web site www.odls.com.

Further Deposits / Fund Withdrawals

Clients may deposit additional funds at any time, however new funds may not be allocated for trading until the first business day of the following month or up to 7 business days from receipt (depending on the size of deposit). This allows both the Manager and Broker to correctly allocate all funds.

Clients must pre-advise the Manager via email or fax of the intention to withdraw funds from their account and can only do so within the first 7 business days of the following month.