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Before an investment in any futures trading program is contemplated
one must have an understanding of the risks involved, be aware
of the substantial drawdowns that may be incurred, understand
correct capitalization and have realistic
expectations of their chosen investment.
Opening a Futures Trading Account is quick and easy.
- Clients (individual, partnership, corporate or trust)
open their own account with Peregrine Financial Group, Inc.
or Man
Financial by filling out the relevant account application.
Download account opening documents here.
- Completed application forms can be faxed to David Imgraben at Midshipman Services P/L on +61 7-5591-9555 or the Accounts Manager at Attain Capital Management on +1 312-604-0927.
- A photocopy of passport ID and a utility bill (telephone
or electricity) should accompany the application for identification
purposes.
- Usually within 48 hours a Peregrine Financial Group,
Inc or Man Financial account
is open and an individual account number is assigned. The
account is then ready to fund. Accounts can be funded by
wire transfer. Funds in the account can be maintained in
the currency of the account holder’s choice. Please
advise Midshipman or Attain of the nominated currency so
the correct wiring instructions can be provided.
- A ‘Letter of Direction’ must
be signed and faxed by the account holder direct to Attain
Capital Management before trading can begin. This is the
document the account holder provides to the executing broker
authorizing trading of the chosen trading system. The trading
system name and quantity must be clearly noted on the authorization.
- A System
Lease Payment Authorization must also accompany the
letter of direction, authorizing payments of the agreed
system lease fee to Midshipman Service P/L.
- When the Client account is funded and all appropriate
authorities are in place, an account holder can then instruct
Attain Capital Management in writing by fax
or email, to begin trading the chosen system or portfolio.
All correspondence to Midshipman Services PL or Attain Capital Management authorizing
the commencement or cessation of trading must be in writing
and come directly from the account holder. It is the responsibility
of the account holder to ensure confirmation of the instructions
by Midshipman or Attain. Only the client authorizes when trading begins,
ceases or alters in any way. |
