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Step 1) Preliminary Contact
- At this stage, we will be analyzing the investor's
financial profile, needs and objectives, then suggest
possible solutions. Please use the feedback
section on our website to get in touch with us, providing
us with as many details as possible on the objectives
of your investment.
Step 2) Receiving Essential Information
- One of our representatives will clearly explain
all the details of our collaboration. Upon request,
our client can receive a brief presentation of the FOREX
market and some key aspects related to trading that
we believe our clients should be aware of.
- We will make sure that our client understands the
risks
involved with FOREX trading and in full knowledge
thereof is ready to open a managed account.
Step 3) Reviewing Legal Documents
- Once the initial terms of our collaboration are clear,
we require our clients to read, understand and agree
to the legal documents that constitute the basis of
the agreement between Denkmann Investments, our preferred
brokerage company (Oanda Corporation) and the client.
It is in our clients' best interest to carefully
review ALL the legal documents required to open a managed
account before proceeding to the next step.
- For your convenience, we are attaching below a complete
list of legal forms that our potential clients will
be required to fill in before activating their managed
accounts. Alternatively, you can click
here to review the documents directly on our broker's
website.
FXTrade
- Consent to Conduct Business Electronically
FXTrade - Risk Disclosure
Agreement
FXTrade - Application
Form
FXTrade - Customer
Agreement
FXTrade - ID Confirmation
Form Form for Individuals
Power of Attorney
Customer
Agreement - Denkmann Investments S.R.L.
Schedule
2 - Fees and Commissions
Step 3) Opening an FXTrade Account with Oanda Corporation
- In order to preseve the confidentiality of our
clients' personal information, DENKMANN Investments
does not interfere with our clients' account opening
process. While the account will be opened directly on
our broker's website, we will be ready to answer any
solicitation regarding these procedures and (upon request)
guide our client throughout the necessary steps to open
a live FxTrade account.
Filling in the necessary forms takes about 15-20
minutes. Please have ready 2 forms of identification
(government issued ID, passport, driver's license).
The online forms include all the documents mentioned
in the previous step, except for the last 3 (Power of
Attorney and the contract beween DENKMANN and the customer
+ Schedule 2). You will be required to submit these
3 documents separately, via e-mail or fax.
CLICK
HERE TO OPEN A FXTRADE ACCOUNT WITH OANDA CORP - ONLINE
APPLICATION
Step 4) Activating the Account
- Once you submit your application online, an e-mail
will be sent to the address you provided during the
registration process, containing specific information
regarding how to activate your trading account. Just
click on the activation link and your registration process
will be complete.
Step 5) Confirming your Identification
- Upon activation, you will need to send in a final
set of documents to Oanda:
FXTrade - ID Confirmation Form Form for Individuals
2 government-issued photo ID
(government issued ID, passport, driver's license)
1 utility bill or credit card statement confirming your
address
(matching the one you provided during the registration
process)
Please send these documents via fax to:
+1 212 208 4356 or via e-mail (in .gif .jpg, or .pdf
formats) to accountid@oanda.com
- This will be the final step required to fully activate
your account and get it ready for funding. It usually
takes 1-3 days until the documents are processed. Only
when you receive a confirmation e-mail from Oanda stating
that everything is in order and the account is ready
for funding you can move on to the next step.
Step 6) Funding your Account
- As soon as step 5 is complete, you can fund your account
by following the indications provided by Oanda. Click
here for more details how to deposit funds in your FxTrade
account
To proceed, please access your personal Cash Management
Page using your FxTrade username and password. Click
here to login to Cash Management
- You will need to fill in a deposit
notification form, to let Oanda know about the incoming
funds. You can do that once you login to your Cash Management
page.
- It may take a few days until the funds are credited
to your FxTrade account - you will be notified by e-mail
when they become available, so that you can move on
to the next step.
Step 7) Creating an FxManager Account
- At this point, your trading account is ready and all
that remains to be done is to allocate funds from your
personal account to our managed account for the purpose
of trading. This procedure takes place entirely through
the Oanda FxManager platform, which ensures the security
and confidentiality of the operation. Read
more about the FxManager platform for clients.
Please note that DENKMANN Investments does not have
the power to withdraw clients' allocated funds.
Click on one of the following links to open a FxManager
account:
- USD
Account / balance > 10.000$
- USD
Account / balance < 10.000$
- EUR
Account / balance > 10.000$
- EUR
Account / balance < 10.000$
- CHF
Account / balance > 10.000$
- CHF
Account / balance < 10.000$
- GBP/JPY/CAD/AUD
Account / balance > 10.000$
- GBP/JPY/CAD/AUD
Account / balance < 10.000$
- A fee schedule will be applied automatically to your
managed account, according to the terms of our service
and the provisions of the legal contract between the
customer and DENKMANN. Click
here for details.
- For accounts qualifying for special conditions please
contact us for a personalized
invitation link.
Step 8) Allocating Funds to your Managed Account
- Once your FxManager
account is active, you should first use the Cash
Management feature once again to transfer funds
from your primary account to your newly created managed
account (typically called "MA Unalloc bal").
- Once the transfer between your accounts is operated
(generally takes just 3-5 minutes) you can switch back
to your FxManager
platform in order to allocate funds to us for management:
click on the "Allocate" button on the upper
left side of your platform to initiate the allocation
process. If at this time the account is locked, you
will need to (re)send the Power
of Attorney to Oanda. Please contact
us and in the shortest time you will receive a signed
Power of Attorney that you should sign and send
back to Oanda for account activation. Once the Power
of Attorney is processed and you receive a confirmation
from Oanda you will be able to finalize the allocation
process and finalize the managed account opening procedure.
- in the shortest time we will accept the incoming funds
via our FxManager platform and add the allocated amount
to the respective managed account, according to our
agreement.
IMPORTANT PRIVACY STATEMENT:
neither DENKMANN Investments nor any of its employees
or associates are allowed to either fund your account,
transfer funds on your behalf, withdraw funds from your
account and/or alter in any way your contact/login details
for your account. Our traders will only have
the right to trade your account, based on a power
of attorney agreement signed by both parties with
our broker. Our commission will be substracted from
your account automatically by our broker at the end
of each month, based on the contract signed by our firm
and the customer (in which all commissions and fees
are clearly specified).
DENKMANN INVESTMENTS AND ITS EMPLOYEES OR ASSOCIATES
WILL NEVER ASK YOU TO REVEAL YOUR FXTRADE PASSWORD
DURING OR AFTER THE REGISTRATION PROCESS. IN ORDER TO
KEEP YOUR ACCOUNT SAFE FROM ANY UNAUTHORIZED ACCESS
PLEASE MAKE SURE YOUR PASSWORD REMAINS STRICTLY CONFIDENTIAL.
WE WILL NEVER ASK YOU TO DISCLOSE YOUR CREDIT CARD
DETAILS OR ANY PERSONAL INFORMATION YOU MIGHT HAVE
TO PROVIDE TO OANDA CORP. AS PART OF YOUR ACCOUNT OPENING
PROCEDURES.
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