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Y Axis
Y-Axis is a Managed Forex 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.
Presented below are the features and details about the program.
Launch Date: 5th May 2010.
Trading Methodology
All the customer accounts are traded following the same trading system. Our system is a day trading, candlestick based technical system and is systematic in its nature. The system follows a combination of Indicators and Price Action to make entries and exits. All the trades are closed within a single trading day and no trades are held overnight. The trades are entered with predefined stops, which are punched right away into the market, not letting any element of human emotion to come in.The average holding period of trades is 1-3 hours.
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 low risk level. All trades are taken with a maximum risk of 2% of account equity per trade.Most of the trades have a risk between 0.5-1.5% of account equity. Usually no more than 3-4 positions are opened at any given time.However, it does happen that an open position has a Stop being moved to BE and is still open. We usually dont consider that as an open risk position.
Types of Accounts offered:
•Gold Account: For deposits from USD $10,000 to USD $249,999 or equivalent
•Diamond Account: For deposits from USD $250,000 and above or equivalent
Brokers , Base Currency and Funding:
• Our broker is classified as a DMA(Direct Market Access) STP broker : London Capital Group,UK
•Your account can be funded in either of EUR, USD, GBP, JPY, ILS, CAD, SEK, NOK, CHF and PLN.
•Bank Wire Transfer is the best, safest and fastest way to fund your accounts.
Fee Schedule:
We charge a performance fee from our clients alongwith a small round trip commission. The fee is charged on the basis of High Watermark model. High Watermark is explained in our FAQ section.
To know more about our fee structure and gain access to free monthly performance 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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