If you want an example of what a Managed Account with a real Forex trading company is all about, then you don’t have to look far with High Peak Financial. Unlike some of investment scams talked about on this blog, HPF should be a company you model your selections from.

First of all, you can actually contact the company by phone, email or regular mail. The company is based in Richmond, Virginia. Secondly, the partners/affiliates they work with are fully licensed or registered with the various trading organizations like the CFTC or NFA in which one can verify the issued IDs.

The most important thing of all that differentiates a company like High Peak Financial from a fraudulent one is an attainable realistic return on investment. Most of the scam companies are claiming an impossible 1 – 3% per day, while a solid business like HPF aims for a 3 – 5% per month return. Investors with them saw a total return of 39.4% in 2006. Anyway you look at it; it is an impressive performance as compared to other forms of investing like the stock indexes. 2007 is also turning out to be another profitable year for its investors as well.

BTR FX 2007 Results
Jan: 6.27%	Apr: 4.24%	Jul: 3.46%	Oct:na
Feb: 4.67%	May: 4.37%	Aug: 4.87%	Nov:na
Mar: 4.69%	Jun: 3.92%	Sep:na	Dec:na

Spectrum 2007 Results
Jan: 1.00%	Apr: 0.55%	Jul: 1.33%	Oct:na
Feb: 1.34%	May: 0.89%	Aug: 0.18%	Nov:na
Mar: 1.75%	Jun: 1.64%	Sep:na	Dec:na

 

*Percentage gains are after commissions on a $25,000 base.

The people behind High Peak Financial:

High Peak’s experienced Managed Forex team has over 20 years combined experience in the Forex market, and a proven track record of performance for our clients. Call or e-mail us today: dkline@highpeakfinancial.com or dallam@highpeakfinancial.com.

The owners and employees of High Peak Financial are driven to succeed and have a vested interest in making High Peak successful. They do this by making sure you, the client, are happy and satisfied with your investment. We have a “Win-Win” philosophy. “When you win, we win.”

Here are answers to some commonly asked questions listed in their FAQ section of their website.

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 professional trader limited power of attorney over his or her account giving this trader the right to trade the invested funds. The account is held with a CFTC (Commodity Futures Trading Commission) and NFA (National Futures Association) registered Forex broker also known as an FCM (Futures Commission Merchant). The investor has full control over the account at all times with the FCM and can close the account at any time as long as there are no open trades on the account.

Which Forex broker will hold High Peak Financial Managed Accounts?
The FCM (Futures Commission Merchant) that will hold the Managed Forex Account is Nations Investments, LLC. who is properly registered with the CFTC (Commodity Futures Trading Commission) and NFA (National Futures Association). NFA Member ID: 0358507. Nations Investment LLC operates out of Fort Lauderdale, Florida

What is the minimum investment to get started?
The current minimum investment is $10,000.00 with no maximum.

Where are High Peak Financial funds held?
Funds are held at Commerce Bank & Trust in Worcester, Massachusetts.

Does the Broker (FCM) charge any fees?
There are two possible charges that may appear on an investor’s trade report. When Spectrum Trading Group 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 professional trader 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.

How does an investor deposit funds into his or her High Peak Financial Managed Forex Account?
After a completed application has been approved by the Broker, the investor can wire his or her deposit to Wachovia Bank, N.A. in Jacksonville, Florida or mail a personal or certified check. Once an account is funded, the professional trader(s) will start entering trades with the submitted funds.

How do investors access to their funds after they open an account?
Investors have full control over their account and can deposit or withdraw funds at any time. Nations Investments, LLC will wire money to an investor’s bank account upon request, with a wire fee, typically the same day or mail a check for receipt within a few business days. No fees are charged for withdrawing money from an account. However, if an account balance falls below $7,000.00 after withdrawal, it will not be traded in the Managed Forex Account.

Who trades High Peak Financial’s Managed Forex Accounts?
Spectrum Trading Group, Inc. manages the accounts of High Peak Financial’s clients and is authorized via limited power of attorney to make all trading decisions for the clients. They only employ professional traders who have a history of making conservative, consistent, and profitable trading decisions.

What kind of returns are possible in a HighPeak Financial Managed Forex Account?
Federal regulation by the NFA and CFTC 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 for 2006 was 3% monthly after commissions. We try to over-deliver.

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. However,only one of these fees is charged by High Peak’s recommended Managed Forex Account. These three types are: 1. An annual Administration Fee that is often 2-3% of account balance calculated monthly or daily; 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); 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 Spectrum Trading Group, Inc. charges a performance fee of 50%. 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 Spectrum Trading Group, Inc. No performance fee is collected by Spectrum Trading Group, Inc. unless profits are made on investors accounts.

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.

To contact High Peak Financial:

Email: info@highpeakfinancial.com
Support issues: support@highpeakfinancial.com
Referral Program Information and Signup: referrals@highpeakfinancial.com

High Peak Financial, LLC
PO Box 9128
Richmond, VA 23227

Toll Free: 888-667-0562
Office: 804-915-9402

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