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1. What is a Managed Forex Account?
2. Which Forex broker will hold my Managed Account?
3. What is the minimum investment to get started?
4. Where will my funds be held?
5. Does the Broker charge any fees?
6. How do I put money into a Managed Forex Account?
7. How will I have access to my funds after my account is open?
8. Who is the professional trader(s) who will manage my account?
9. What kind of returns are possible in my Managed Forex Account?
10. What fees are charged by Managed Forex Accounts or High Peak Financial?
11. Will I receive a monthly statement or report on my account's status?
12. How are my profits or withdrawn gains taxed?
13. What is meant by leveraged account?

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1. What is a Managed Forex Account?
A Foreign Exchange Currency Trading Account is an investment that is traded by a professional Forex trader(s) (Manager(s)). When setting up an account, an investor will grant a specific Trading Team limited power of attorney over his or her account giving this trader the right to trade the invested funds. Our broker of choice, is a registered Futures Commission Merchant (FCM), a member of the National Futures Association (NFA) and is regulated by the Commodity Futures Trading Commission (CFTC). The investor has full control over the account at all times with the FCM or Registered Broker/Dealer and can close the account at any time as long as there are no open trades on the account.
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2. Which Forex brokers will hold High Peak Financial Managed Accounts?
The Florida based broker we work with for holding our clients Managed Forex account as well as handling the clearing side of the trades in and out of the market is a registered Futures Commission Merchant (FCM), a member of the National Futures Association (NFA) and is regulated by the Commodity Futures Trading Commission (CFTC). To learn more about NFA registrants and their background information, please visit the www.nfa.futures.org

3. What is the minimum investment to get started?
The current minimum investment is $5,000.00 with no maximum.

4. Where are High Peak Financial funds held?
Once your account is open at you can then deposit funds for trading. These funds are held officially at Bank of America located in Florida.
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5. Does the Broker charge any fees?
There are two possible charges that may appear on an investor's trade report. When the Trading Team enters a trade on an account, a fee known as a "spread" is charged by the Broker which allows entrance into the trade. This "spread" is the difference between the buy price and sell price on a given currency pair (also know as "pip" spread; a pip is essentially a point). This is the "cost" to get into a trade in the Foreign Currency Market. The fee for a Managed Forex Account will be at least $40.00 per contract (4 pips at $10.00 per pip). The pip spread could be more, depending on the currency pair, and how many contracts the Trading Team is entering with an investor’s account. This could also affect the fee to transact a trade. These charges cannot be seen on on-line or written statements. Investors will only see positive or negative trade entries where the spread is already deducted from a profiting trade or included in a losing trade.

The second fee is an interest charge that is assessed if a trade is not closed before 5:00 pm on any given trading day. Because Forex investors are trading currency, they may earn or pay interest on a trade depending on the overnight interest rate imposed on a given currency.

6. How does an investor deposit funds into his or her High Peak Financial Managed Forex Account?
Please contact High Peak Financial at (888) 667-0562 for instructions.
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7. How do investors access to their funds after they open an account?
Withdrawal requests for managed accounts must be received by the last day of each month and will be paid out by the 7th of the following month. NO wire transfers for managed accounts will be processed during the month. Investors do have the ability to deposit funds of any amount, into their account at any time. The Broker that is holding your Forex Managed Account will wire money to an investor's bank account upon request. No withdrawal fees are charged for withdrawing money from an account, however there is a $30 wire fee applied to this transaction.

8. Who trades High Peak Financial's Managed Forex Accounts?
The Managed Forex accounts held with High Peak Financial are brokered through our regulated broker of choice and managed through an LPOA by High Peak Financial. The accounts are traded through the "Market Trend" strategy that is monitored by our associates. All trades are entered and exited during the month by the "Market Trend" strategy and during the last week of the month or by the last day of the month all open positions are closed and liquidated to end the month with a firm balance.
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9. What kind of returns are possible in a HighPeak Financial Managed Forex Account?
Federal regulation does not permit promises or any guarantee of return on Forex Managed Accounts to be made. However, because of the nature of the Foreign Exchange Currency Market through leveraged accounts, substantial gains can be made, dwarfing the returns of most traditional style investments. This same advantage can also cause an equally large loss of an investor's investment capital. This is another reason why a Managed Forex Account traded by seasoned professional traders is a better option than trying to trade one's own funds in the Forex. Past results do not guarantee future results and it is illegal to guarantee results. However, the average monthly gain in a High Peak Financial Managed Forex Account since 2006 has been 4% monthly after commissions. We try to over-deliver.

10. What fees are charged by Managed Forex Accounts or High Peak Financial?
There are three types of fees that are charged with a typical Managed Forex Account. These three types are: 1. An annual Administration Fee that is often 2-3% of account balance calculated monthly or daily. High Peak Financial does not charge this type of fee; 2. An increased pip spread charged to the investor to enter and exit the market, which can be from 0.5 to 3 pips per contract (this fee is charged even on losing trades). High Peak Financial does not charge this type of fee; and 3. A performance fee which is a percentage of profit that is paid to the Managed Forex Account manager(s)/trader(s). High Peak Financial, LLC's recommended Managed Forex Account at Boston Trade & Research LLC charges 20%. This performance fee is only charged on new gains. If a loss occurs, this loss must be recovered before new profit sharing takes place. High Peak Financial, LLC is paid a percentage of this performance fee by the Broker/Dealer associated with your account. No performance fee is collected by the trading team unless profits are made on investors accounts.
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11. Do investors receive a monthly statement or report on the status of their account?
Currently, High Peak Financial does not offer a monthly paper report. The Broker's software will automatically issue a daily report and a monthly report through email and investors can access account reports from the account login that is sent to you when you start your brokerage account.

12. How are my profits or withdrawn gains taxed?
We are not tax experts and cannot offer tax advice. Our understanding, however, is that Forex profits are generally taxed as 60% long-term capital gains and 40% short-term capital gains, but there are many exceptions in the complicated tax regulations (see sections 1256 and 988 of the Internal Revenue Code). Investors should consult their personal tax professional for answers on their individual situation. Tax liability on an account may be different if funded through a self-directed IRA.
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13. What is a leveraged account?
A leveraged account in currency trading is an account in which an investor's small equity deposit can control a substantially larger amount of currency in the market. Typically, 100:1 leveraging is used. This means that $100,000 is controlled by just $1,000.00 of equity. With this leverage ratio, every pip is $10.00. With this kind of leverage, profit or loss can be substantial.