The “FPA” or “Fee Payment Authorization” form that you sign is the means by which FXCM and PACE Capital receives compensation for managing your funds during the various procedures that need to be monitored for the secure execution of trades throughout the day. There is a management and performance fee but note that the performance fee is applied to “net new gains” only and not the gross balance in your account.

LPOA stands for “Limited Power of Attorney.” After you set up your personal account with FXCM and your account is funded the “LPOA” allows PACE Capital to link your account to our Managed Account and trade your funds for you. If you do not sign the “LPOA” PACE Capital cannot institute trades on your behalf.

This is the most frequently asked question and the one that gives us at PACE the most pleasure in answering. Unlike other investment brokers who need a check written directly to them or their investment firms, investing in the Forex Mercantile Inc., Managed Forex Account is completely different.
YOU open your own account with OUR broker which gives you complete control over your own funds. You can deposit or withdraw any amount at anytime day or night. It’s your money so YOU not PACE has control over it.

When you open an account with our broker they will link your account to our Managed Forex currency trading account so you can have the benefits of our systems and have complete access to your money at the same time. This is a very unique approach but one that has proven to be greatly desired by investors throughout the FOREX market.

The risks can be high but also controllable. Forex traders around the world are competing against other Forex traders, banks, and institutional traders who are seeking the same potential rewards from their own trading activities. One benefit to using FXCM is that they provide rapid execution at our Limit and Stop-Loss order prices and they will make their best effort to fill our trade at the price requested. But remember, FOREX trading is speculative and any capital used should be risk capital.