Q. What is the difference between an FXTrade account and an FXManager Client Account?

An FXTrade account is required by every OANDA client who wishes to trade or allocate funds through the OANDA platform.

If you are planning to allocate funds to a Manager, your funds must first be deposited in your FXTrade account. There are a number of legal requirements to opening an FXTrade account. (Read the fine print here.)

An FXManager Client Account is created by an individual after receiving an invitation to invest funds with a Manager. The FXManager Client Account provides a separate interface for allocating funds and reviewing account trades. For Client accounts, all trading and execution of funds transfer is controlled by the Manager.

Q. Does OANDA certify or review Managers?

OANDA makes no representation as to the qualifications, experience or regulatory authorization of investment managers or lack thereof, and will not control the actions of investment managers.

When investing with an investment manager using the FXManager platform, the FXTrade client is required to sign a Power of Attorney (POA) to authorize the manager to trade on the customer's behalf. (Look at the LPOA Document.)

Even though clients grant account authority to their investment managers, clients should be diligent and frequently scrutinize the status of their account.

Q. Is there a page that lists all of the active Managers? Who is the best?

OANDA does not promote managers and does not rank or audit manager performance. For more information, please read the relationship of parties.

Q. What is the Fee Schedule for my Manager?

Managers establish their own Fee Schedules. The Terms of the Fee Schedule and the Application of Fees should be established between the Manager and Client.

Q. How do I get money back from a Manager?

For clients to receive funds they have allocated to a manager, they must make a de-allocation request and then the manager must approve the request. The manager may need to reproportion open positions before being able to approve the request. Clients are encouraged to establish terms for the timing of payments and the reimbursement of funds with their manager.

Q. Can I hold several FXTrade accounts? Can I have my own FXTrade account and allocate funds to multiple managers?

You only need one FXTrade account (username and password). From this account, you can trade funds and place additional funds in sub-accounts so they appear in FXManager and can be allocated to one or more investment managers. After you allocate funds to an investment manager, you can no longer trade them in your primary FXTrade account.