Power-Forex New Platinum Managed Forex Account

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UPDATE: IPAM Platinum is now accepting clients. Read this post for more details.

Hello dear NOBSInvest readers. This is Alan from Alan’s Money Blog. Jude has been kind enough to let me make a guest post to let you all know about a new managed forex account opportunity. As you may or may not know I am somewhat heavily involved with testing various forex products and just about any money making opportunity I can find. I especially like forex trading and managed forex accounts. Thus I made it my business to make sure I’m “in the know” regarding the latest happenings in this arena. During the time that I’ve been involved testing various managed forex accounts I’ve built friendly relationships with key people behind quite a few of these managed forex account providers. One such provider is a company called IPAM (Income Plus Asset Management Inc.)

It’s CEO, Mr. William Fischbach, has been very kind to let me in on an “early bird” managed forex account opportunity that he’s working on. I told him that I will do my best to “spread the word” so please permit me to take a brief moment of your time to tell you a bit more it.

Mr. Fischbach has been fortunate enough contract out a very successful trading team to do the trading for this new managed account. These guys trade multiple millions of dollars for Hedge Funds and Institutions as well as HNWI’s (high net worth individuals).

Summary of one client’s Performance Report:

Start: $781,580.00

Gross Profit: $512,805.79

25% Profit Share: -$128,201.44

Net Profit: $384.604.35

Net Profit as a %: +49.21%

Max Drawdown (peak to valley): less than -10% (a LOT less)

They (the traders) use very light leverage, since risk management is HUGE for them. As you can see from the attached performance record they achieved very consistent results - unlike some of my other managed forex accounts.

Here is their performance record going back 3 years:

You can also view the complete trading record for the year 2007 by clicking on the pdf icon below:

The brokerage firm the traders used was ACM but this new managed forex account will be traded at FXCM. For now the new managed account has no official website you can see as it is still in the developmental stage.

The minimum suggested opening account size is $5,000 or more.

Note that this low introductory minimum will not last for long. This account will be geared towards large investors and in general institutional invests and high net worth individuals so the minimum will most likely go up to something way above $5,000.

Proposed performance fee will be 25%.

All interested parties please contact me at this e-mail address

For now I will be building a database for Mr. Fischbach and once we have a sufficient number of clients with enough funds trading will officially commence. So if this interests you please send me an e-mail expressing your interest along with the following info:

a) Your name

b) A contact phone number in case we can’t reach you via e-mail

c) The sum of funds you are willing to invest

Also I will soon be receiving a complete accounting report from these traders (essentially an audit) and I will share that info with you all as soon as I get it.

P.S. Feel free to share this opportunity with as many people as you’d like. The more people we can get the quicker we can put the traders to work and that means we can all start making money that much sooner.

–UPDATE 03/30/08–From my conversations with IPAM’s CEO I’ve learned that this $5K minimum is applicable only until the initial trading capital goal of $1 Million is reached. After that the minimum will be lower apparently. I originally thought this would not be so, but here is what Mr. Fischbach has to say:

Once the $1MM is raised and this program goes “live” the minimums will be just like the other programs………$1,000 at FXCM due to their ability to use a very sophisticated PAMM account manager………….and either $10,000 or $20,000 at IFX due to their LAMM account manager which requires slightly different parameters to manage……….

This is excellent news! The low minimum will bring this managed account within the reach of nearly all investors.

I will keep everyone update on the latest happenings. You can either stay tuned to this posting or visit my own blog once in a while to see if I have any updates.

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