To complete the application process for the Foreign Exchange managed Account (FXMA) with Boston Merchant Financial, Ltd. please fulfill the following steps in the application:
Step 1: Complete and sign:
Exhibit A - Client Acknowledgment of Disclosure Document
Exhibit B - Client Information Questionnaire
Exhibit C - Managed Account Agreement
Step 2: Open an account with Boston Merchant Financial Ltd, including the firm’s power-of-attorney form authorizing Boston Merchant Financial, Ltd as attorney-in-fact.
Step 3: Fund the account.
Step 4: Return the items referenced in 1 to 2 above via fax + 1-514-221-3812 or email via fxma@bmfn.com, or to your regional Boston Merchant Financial Representative.
To begin your account application, please fill out the application form. After you have submitted your information, Boston Merchant will contact you via email, either approving your account or requesting more information. If approved, you will receive a welcome email with a document attached to the email. In this document, you will find your account number, brokerage information and how to access the trading platform to monitor your account. You will also find the wire transfer instructions in the document on how to fund your account. Before FXMA investment team can trade your account, you must sign a limited power of attorney form. This allows us to act in your capacity to place trades in your account. We cannot withdraw or deposit funds into your account. We can only trade the account, and Boston Merchant can deduct a commission to be paid to them each month if there is a profit made. You will be able to download the trading platform, and login with the instructions provided in your welcome document from Boston Merchant to see the trades made on the account. If at any time you wish to cease trading on the account, or make a withdrawal or deposit of funds, simply ask us for the appropriate forms.