Forex Account Managers & Consultants

Frequently Asked Questions

What is forex ?

Forex is the acronym for foreign exchange and in this context, it is the simultaneous buying and selling of currencies online through forex brokers

How many people are actively involved in trading clients' accounts at Aclfx?

Aclfx is a team of 3 professional full-time forex traders with over 4 years experience.One specializes in technical analysis ,the other is an economic expert who specializes in fundamental analysis while the third co-ordinates the trading strategies.

Who can you trade for?

We trade for clients who conveniently and willingly wish to invest in the forex market anywhere around the world

Is it possible for Aclfx to withdraw my funds from my forex account if i give you the login to my trading platform?

No, it is impossible for us or any other person except you to withdraw money from the forex account. Your physical funds remains in your forex brokers bank and withdrawals can only be sent to your bank account where it was received from.

Do i need to come to your office to open my forex account ?

If you require assistance in opening your account or want to talk with us personally, please feel free to visit our office or call a representative.

However, you do not need to come to our office to open your account. You can easily fill the online form of any forex broker yourself with your personal information at the convenience of your home, office or nearby cyber cafe. After you have opened the forex account, you would then go to your bank to effect a wire transfer to the forex broker's account.Once your account is funded, you would then send the info we need through our online sign-up form on our website and scan the signed contract form to us via email.

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How much profit can you make for clients every month?

Based on our experience, we are confident of making an average of 25% profit every month. Depending on market stability and volatility, it could be more or less.

 

Is it true that forex trading is risky ?

Every business comes with associated risk. we do not eliminate the risk factor in forex. Forex trading is speculative in nature but with adequate knowledge, experience, good money management & risk management, it becomes simple and profitable.

How do you manage the risk involved?

We are professional traders and understand how important it is to be disciplined in our risk management. Our money management system ensures that we limit the risk exposure to client’s accounts to a maximum of 10%.If we loose more than 10%, we are liable and bound to reimburse the excess. Pls see our Terms & Conditions

What if you loose my money?

As we have a weekly profit target, we also have a loss limit target of 10% which the client must be able to accomodate. In the evnt that we loose more than the 10% risk tolerance limit, ACLFX will reimburse you the excess within 5 working days.Please read our risk disclosure under Terms & Conditions

 

How do you get your commission on profits realized ?

At the end of the month, profits will be calculated and we send monthly account summary & invoice to clients. The client will be expected to withdraw the profits from the forex account and pay our commission to our bank account.

 

Do you charge administrative or processing fees ?

Yes, we charge a one-time administrative fee of N10,000.00 (Ten Thousand Naira Only) for the bronze & silver category only

What if i choose not to withdraw from my forex account ?

Then you must be able to pay our commission from outsourced funds/personal funds if you choose not to withdraw from your forex account

What if a client defaults in paying you ?

We may suspend trading on the defaulting client’s account until payment is made or take legal actions.

How much is the minimum i can invest ?

Our minimum investment for now is $2,500.00 (Two Thousand Five Hundred Dollars).

 

How do you manage everybody’s account at the same time since you are only 3 traders?

With the use of our multi-terminal trading platform, we are able to merge up to 128 separate forex accounts on one single platform. With just one click, we can trade all accounts simultaneously with even distribution of profits based on the equity.

The forex market is said to be a 24hrs open market, how do you monitor the market to know when best to trade?

Though the forex market is open 24hrs, we do not trade 24hrs daily as it is unneccesary and dangerous to do so.We set alarms, alerts and wait patiently for a convincing trade to excute We have 2 standby generators and also use 3 internet service providers simultaneously to avoid disruptions.

 

Can i add more money or withdraw money from my forex account ?

Yes, you can deposit/withdraw money from your forex account.See terms &conditions

How can i open a forex account immediately and how long does it take ?

Please see “how to open or apply for a forex account”. It takes about 30 minutes to open a forex account if you already have a domiciliary account.

 

What other options do i have?

You can enroll for our Exclusive 2 months forex training course where you will be trained to be able to trade yourself successfully and get free mentorship and guidance.

Opitionally, you can become one of our Independent marketing Representatives and earn commissions up to N191,000 & above monthly.

 


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