FAQ

What is Forex?

Off-exchange Foreign Currency Trading is the simultaneous buying of one currency and selling of another. The foreign exchange market (FOREX), also referred to as "Spot Forex", is the largest financial market in the world, with a volume of over $3 trillion daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location, no central exchange. It operates through an electronic network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another across the major financial centers.

Traditionally, investors' only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971.

Are your trading programs suitable for all investors?

No, definitely not! Alternative investment programs, including managed forex programs such as those listed on our site, are speculative in nature. Only true risk capital should be used. Never invest what you can not afford to lose.

I don't know anything about forex. Can I still benefit from a managed forex account?

It is not necessary to be a forex trader yourself to intelligently invest in a managed account. 

My Investment Advisor recommends diversifying my assets. Do managed forex accounts have a place in a traditional portfolio?

Yes, allocating a percentage of your total assets to an alternative investment, uncorrelated to the stock & bond markets such as managed forex accounts, has historically shown an ability to provide a portfolio with better balance, reduced risk, and improved overall performance.

Where will my managed account be set up to trade?

Your account will be set up at MB Trading.

Will I be able to access my account?

Yes, you will be provided with read only access to your account either through an online report viewer or the trading platform. You can view the account, including balance and activities.

Does the trader have access to my money and why do I need to sign a Limited Power of Attorney (LPOA)?

No, the trader does not have access to your money and cannot transfer, deposit, or withdraw your funds except for the fees specified on the LPOA. Your account is set up directly with the brokerage who clears all transactions and handles all transfers, deposits, and withdrawals. It is necessary for you to sign a Limited Power of Attorney (LPOA) to authorize the brokerage to allow the Bellator to direct the trading of your account.

Can I withdraw my money and close my account any time I want?

Yes, the time to fulfill the request varies from brokerage to brokerage. This typically takes one to three days.

How do I open my account and get started?

Please use the contact us form.