Frequently Asked Questions:

No, you open an account in your own name at your broker. No transfer of funds to Daytrade-Profit will take place.
Moreover, with this type of arrangement, you (the client) are the only person who has the authority to make withdrawals from your account.
Yes, you can deactivate the Limited Power of Attorney at any time.
You decide yourself! When you open your account at the broker you have to set your equity protection limit.
If the balance on your account reaches this limit, all open positions will be closed immediately,
trading in your name will be stopped and your limited power of attorney will be blocked.
So you can not lose more money than you think is acceptable. Spot FX is a high risk product.
Please ask advice from an independent financial advisor about where to put your equity protection limit.
our offers a clear and transparent service for which it charges a performance fee of 20% of the realised profit.
This fee will only be charged on an increase in the Net Asset Value above the high water mark.
Past performances have shown we are capable of achieving a 15 % – 25 % net return annually.
However, past performances are no guarantee for future returns.
Yes. We, the managers our own capital We do exactly the same deals as our customers.
Additional funds can always be deposited.
Yes. You can instruct your broker to wire money back to you any time.
All fund transfers, deposits, or withdrawals are handled by the brokers directly, not through daytrade-profit.
NO! Guaranteeing results is illegal, unless you are a bank or other institutions licensed to do so;
however our customers enjoy the results we achieve for them.
There will be days where there will be losses but, with our professional traders following specific and
proven trading methods and strict money management, it is our commitment to minimize risk and maximize gains for greater rewards.
Past success is not guarantee of future profits.
Yes, you can login to your account at any time to see the current state of affairs.
Yes, by logging in to your account you can see which transactions have been performed with your account.
Yes. You can change the amount you are willing to risk anytime On-line.
The LPOA is an agreement between you (Client) and daytrade-profit, your trading agent.
This agreement will state that you have authorized the agent to execute trades on the Forex market on your behalf.
Myfxbook is an online automated analytical tool for your Forex trading account and free service for Forex traders
enabling you to analyze your Forex trading account, share your trades, publish your statement,
find a money manager, audit results and review Forex brokers.
MAM stands for (Multi-Account Manager). Or similar software which can be called a PAMM or LAM but they basically do the same thing.
The MAM is the MASTER account and is assigned to the trade team and the investors’ accounts are connected to the master account
and recognized as followers so they receive the exact same trades instantly but with one distinction,
the software will automatically calculate the position (LOT) size for each independent investor.
This ensures that the risk is the same for each investor as well as the profits etc.
So if there is a 7% gain in the trade team’s account then the clients would also receive a 7% gain in their account.
All this manager does is making trades with these funds. At the same time his actions are controlled by the broker.
The broker manages any movement of funds as well.
Water Mark, is a common approach to the calculation of incentive fees.
It means that incentive fees are paid only on any new profit that is made.
This ensures that it is fair to the client as we can only receive a performance fee only when the account value exceeds its previous high.

Example :
You start with $10,000 in an account with a performance fee of 20%, and during the month there is $5,000 gross profit.
The performance fee deducted would be 20% of $5,000, which is $1,000, so your net profit would be $4000 and your account
would now have a "watermark" new balance of $14,000. If in the next month there was a loss of $1000,
there would be no performance fee deducted, since there is no profit, and your new balance would be $13,000.
Your "watermark" is still $14,000. So there will be no performance fee deductions until you get past your current "watermark
The first step would be to contact us via the open an account page.
Then we will guide you through the process to open your account at the brokerage where the trade team, have their MAM master account.
This is a very simple process of filling fill out the brokerage online application form and providing them with your proof of address and photo ID.
Once your account has been approved you will be sent the LPOA form to sign.
You can then fund your account and as soon as you have funded your account then live trading will commence.
This can all be achieved within a matter of days.
Forex Managed Account enables private investors to participate in Forex without having to trade actively.
As indicated by the sheer name its an account that is managed by a third party operator, however under the ownership of the individual investor.
That means using a Managed Account lets you relax, save- time, effort and nerves you would spend on manual trading without a Managed Account.
Thereby the Managed Account of DAYTRADE-PROFIT is based on complete automated trading, applying currency exchange specific- and in-house developed trading algorithms.
One may point out that Managed Accounts are one of the most secure way of fund management as the client is the actual owner of
the account and all the control over the funds remain in the hands of the client, period.
This highly transparent investment structure envolves around the so called "Limited Power of Attorney" (LPOA) by which on the behalf
of the client the operator is allowed to trade on the investors account