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Phoenix
Phoenix is the long-mid term Managed Forex Account program offered by Sunshine Forex. The account is traded via a LPoA (Limited Power of Attorney) obtained from the client to us. The entire control of the account stays with the client except the trading rights, which are given to us by signing the LPoA. For a summary of our program, please refer to the FAQ section.
Presented below are the features and details about the program.
Trading Methodology
All the customer accounts are traded following the same trading system. Our system is a candlestick based technical system and is 80% mechanical in its nature. The system follows the old school principles of Price Action on naked charts along with Support and Resistance levels for profit booking and Stops. Almost all our trades are for short to mid term and average holding period is between 1-3 days.
Risk Management
We believe and preach that with proper money and risk management superior results can be obtained consistently over a period of time. Capital preservation is our prime goal while trading this system. Currently, all accounts are traded with a moderate risk level and use about 1:5 or lesser leverage while opening up the positions. Trades are screened out based on our system parameters and only high probability trades are taken. All trades are taken with a maximum risk of 2% per trade. At any point of time, no more than 10-15% of your account is at risk, combining all the open positions in the account.
Types of Accounts offered:
•Silver Account: For deposits from USD $1,000 to USD $9,999 or equivalent
•Gold Account: For deposits from USD $10,000 to USD $24,999 or equivalent
•Diamond Account: For deposits from USD $25,000 to USD $49,999 or equivalent
•Platinum Account: For deposits from USD $50,000 and above or equivalent
Brokers , Base Currency and Funding:
•Silver,Gold and Diamond Account: Oanda, USA
•Diamond and Platinum Accounts: London Capital Group,UK (DMA ECN)
•Your account can be funded in either of US, Canadian, Australian Dollars, Japanese Yen, Pound Sterling or Swiss Franc.
•Bank Wire Transfer is the best, safest and fastest way to fund your accounts. Oanda accepts Paypal too, but only for USD accounts.
Fee Schedule:
We charge only performance fee from our clients. There are no other hidden or implied fees charges. The fee is charged on the basis of High Watermark model. High Watermark is explained in our FAQ section. In a nutshell it means, we wont charge any fee until we make profits in your account, taking it to new highs.
To know more about our fee structure and gain access to free monthly reports and newsletter, please fill out our Online Registration form by clicking here.
Features
•Liquidity: One Business day after request at maximum.
•Advanced Reporting: Detailed monthly reporting, enabling the client to trace all activity performed with regard to his/her account.
•Live Access: Client has live access to the trading account and can monitor the performance in real time on second by second basis.
Representatvie Program:
We are in process of recruiting our representatives around the globe. They can also be referred as Introducing Partners to our fund.If you are interested in becoming a representative with us, Contact Us.
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