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Opening an account

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How to open an account:

The first thing to realize is that you are not opening an account with us. You're opening an account with Interbankfx. We only trade that account for you. There is a 20% fee for service charge. In other words 20% of profit. No profit no charge. The account will go into Project 50 when it's big enough. Be sure you read up on that, I don't want to end up in an argument later.

Step 1:

Open an Interbankfx account by clicking here. It needs to be an MT4 based mini account.

Step 2:

Sign a limited power of attorney on your account and get a copy to Interbankfx and to me. The LPOA is available on the Interbankfx site.

Step 3:

Send me the login details for the account. I will change those passwords once in the platform and send you back a read-only password. This prevents you from accidentally opening a trade. The wrong trade will block our trading system and cause a system failure.

Of course you can always change that back by contacting Interbank if you need to.

Step 4:

When the accounts reach over $10 000 they need to move into Project 50. We will be in touch at the time we think it's necessary to move the account. It's a complex process and in our experience takes some time to complete.