Forex IRA
Account
If you would like to have an IRA account with FXDD, you
cannot open one directly with us. Rather, you must have
your account rolled over to one of the following IRA custodial
firms:
Millennium Trust: www.mtrustcompany.com
Toll-free in the U.S. 1-800-258-7878
Entrust Group: www.theentrustgroup.com
Toll-free in the U.S. 1-888-340-8977
Equity Trust: www.trustetc.com
Toll-free in the U.S. 1-877-693-8209
FXDD and Millennium Trust and Entrust Administration
are not related entities.
Once your account is opened at one of these firms,
you must complete all of FXDD’s opening applications
and documents and send them to your custodial firm.
The custodian will make a few changes on your application
(e.g., such as change the account from being in your
name to Entrust Admin FBO __). The custodial firm will
then forward all of your paperwork to us, and we will
open it as a regular account. You cannot make any deposits
or withdrawals directly into your trading accounts –
it all must be done through your custodial firm. If
you have specific questions regarding IRA’s, you
should speak directly with them.
Forex is a High Risk Investment
Trading in the foreign exchange markets on margin carries a high level of risk, and may not be
suitable for all individuals. The high degree of leverage offered in the Forex markets can work
against you as well as for you. Before deciding to trade in the foreign exchange markets you should
carefully consider your investment objectives, you level of experience, and your risk appetite.
The possibility exists that you could sustain a loss of some or all of your equity and therefore
you should not invest money that you cannot afford to lose. Only true excess disposable cash
should be used in trading. You should make yourself aware of all the risks associated with
foreign exchange trading and seek advice from an independent financial advisor if you have any
questions or concerns as to how a loss would affect your lifestyle.
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