Find answers to the most frequently asked Money Manager Program questions here.
If you can provide Money Manager services in accordance with the regulations in your jurisdiction, please call Alpari (US) on +1 646 825 5760 or email us at firstname.lastname@example.org to discuss your business requirements and we will seek to find the right solution for you.
You may have to be regulated by your local financial services authority to offer Money Manager services in your country. It is your responsibility to check this information before applying to take part in the Money Manager Program.
The fee and/or commission you charge your client will be what you agree between you and your client.
Please call Alpari (US) on +1 646 825 5760 or email us at email@example.com to discuss your business requirements.
If your Money Manager application is successful, you will be allocated an Agent account. The relevant fees/commission due to you will be paid into your Agent account in real-time. Performance fees and annual fees are credited to the Agent account upon receiving an invoice from the Money Manager at the end of every month.
Yes, if you are a registered Money Manager with Alpari (US) we will process the fees periodically and they are paid to your Agent account in accordance with the terms agreed between you and your client.
It depends on how quickly you can provide us with the required supporting documents. On average the process takes a couple of days. Once the documents have been submitted, we will aim to contact you within 24 hours. If you do not get a reply within three working days, please send an email to firstname.lastname@example.org.
No. The LPOA (Limited Power of Attorney) agreement gives you the right to trade on a client's account but not to withdraw funds. However, if your client gives you his consent, you can submit the withdrawal form on behalf of the client and once processed the withdrawn funds will be sent to the client's bank account.
Your client is responsible for collecting the required documents for opening their Alpari (US) account. However, as their Money Manager you can choose to assist your clients by sending these documents on their behalf to Alpari (US) for processing.
Yes, your clients will have access to their trading account(s). Whenever required, Alpari (US) can provide an investor password which will enable your client to have full read-only access to the account.
We provide a multiple account management solution free of charge with MetaTrader 4 Multiterminal. This platform can really make a great difference to Money Managers looking after multiple trading accounts simultaneously. MetaTrader 4 Multiterminal supports all basic functions of MetaTrader 4 Client Terminal, including system alerts and trading events, fast news, internal electronic mail and a multi-language interface. Please note that Expert Advisors do not run on MetaTrader 4 Multiterminal.
We also provide Alpari Direct MM (powered by Currenex). This platform provides bunched order lot allocations solution which allows Money Managers to allocate a specific amount of lots traded per investor.
Yes, you can, however you need to apply for a Money Manager status first. Once you are an approved Money Manager, Alpari (US) will customize a Limited Power of Attorney (LPOA) form which will enable you to have the authority to operate the account on behalf of the client and establish the commissions and fees you intend to pass along to your customers.