Ok, here is the thing.
I am willing to get a managed account with a forex company.
I asked for the ”LPOA”.
1)What are the things that should be stated in there? Is there sth in the contract that could be a trap or bring a financial debt or i should avoid(margin calls, open and close position limits etc..)? What should the contract state to be considered safe?
2)What should i ask from the broker (i think im using IHforex) to be sure that i can withdraw my earning whenever i want without any hassles?
Sorry if i”m asking silly questions..
PLEASE PLASE no FOREX ADVERTISEMENTS.I DONT WANT TO SIGN UP TO YOUR WEBSITE AND I DONT WANT YOUR CHARTS.ONLY answers regarding the issue.
thank u
GEorge
George, get the standard LPOA letter which IHforex uses for their accounts and study its provisions. However, chances are that if you do not sign it "as is", but rather ask for any changes to be made therein, that the company has no interest in opening an account for you, unless you deposit over a million.
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