CLIENT INFORMATION (Please read carefully!)
You have just made the first step towards investing at the forex market and making above average returns using our managed account service.
As the next step you’ll need to subscribe, by choosing one of the categories, depending on the size of your capital.
But before you do that, there are a few things you need to know.
1. You will not have to pay up front. There is a 30-day free trial period, and the billing starts only on the 31st day. This way you can see how our system works and make sure that your capital will be in good hands.
2. It is not a requirement, but we strongly recommend that you use this free trial period to test our service with no risk whatsoever, using a simulation or demo account with virtual money. The best demo platform available is provided by Oanda (http://fxtrade.oanda.com/trade-forex/demo/). During the first month we will trade this demo account for you free of charge and if you are not satisfied with the results, you simply discontinue your subscription before the billing starts. If you decide to use the free month to test our ability to make money in the currency markets, please create an Oanda demo account BEFORE you go ahead and subscribe. As part of the subscription process you will be requested to provide your login details (username and password) to your Oanda demo account.
3. You will also be requested to choose the base currency of your account. Currently we offer four different choices: EUR, USD, GBP and CHF. For simplicity reasons we’d recommend that you choose USD for your demo account.
4. You may discontinue your subscription anytime. Should you decide to do so, we will close all your open positions immediately, regardless of current P&L or profit potential.
5. After the trial period you will need to open a live account with real money. Since it may take up to 2 weeks, we recommend that you open the account during the trial period, but fund it only if you decide to continue your subscription.
6. Safety of funds is a key issue in any type of business. We have made our best efforts to ensure protection of the customer's money and have chosen the most reliable service providers. Based on extensive due diligence our preferred brokers are XTB and Oanda, so you will need to open an account either with XTB (www.xtb.com) or with Oanda Corporation (www.oanda.com).
7. Nobody other than you can have access to your funds on your trading account - we can only execute transactions on it. Furthermore, we are here to answer any questions or concerns, so you never feel detached from your funds. We at Midas Trading Corporation understand our clients' need for keeping abreast of their investment.
8. All managed accounts are traded and continuously monitored by human traders and never by automation.
9. To subscribe you can use your credit card (Visa, MC, AmEx) or your AlertPay account if you have one.
10. There is a monthly management fee (see upper left corner of this screen) and a profit share fee (10%, based on the net profit realised on your trading account).
If you have any further questions about our service, please contact us: management@midastrading.com.