FinFX - Brokerage Application
BOOK MARK THIS PAGE FOR YOUR REFERENCE (we do not link to it) and it contains some very important information and documents for opening your account. FinFX is a very reputable, and stable FX brokerage based in Finland. They are rated triple AAA for the highest credit worthiness by soliditet, which requires them to have been trading for a certain amount of years, have a turnover exceeding SEK 2 million, and be able to show financial ratios well in excess of the industry average. Please follow the instructions below in detail to complete your brokerage application. * NOTE: if you are having any problems downloading any documents on this page, you can right click on their link, and choose “save link as” or “save target as” and save the document to your PC this way.
Here are some important tips to read before starting the application.
- GETTING HELP: should you require any assistance in getting your account setup, approved, and funded, please email [email protected] and a member of FinFx’s account opening team will be more than happy to be of assistance. You can also contact them via phone or live chat from their website at: https://www.finfx.fi/en/contact-us . Likewise, we are always here to help you during any step in the application, so feel free to contact us at any time at [email protected] and we will be glad to assist! If you want someone to phone you and walk you through the application we are always able to to assist in this manner as well. Just let us know the best time to phone you. Most people have no problems when following the guide below however and using FinFX’s helpful support.
- USA Persons: This brokerage does accept USA clients (both retail and institutional). As long as your account gets approved and opened, they can add you to our block for trading.
- MINIMUM INVESTMENT: The minimum investment to participate with these managed FX programs is 5K USD for all of the programs except Stone Fund which has a minimum balance of $40K USD. These minimums are set for no reason other than to ensure that the smallest trades get filled on all sub-accounts and the proper risk profile is set. Trading with smaller balances than the recommended minimums will increase the risk management on your account.
- ACCOUNT TYPES AND HARD COPY APPLICATIONS: The account types available at FinFX are Personal accounts, Joint accounts and Corporate accounts. All of the applications can be completed online, however if you wish to fill one out in hard copy, please contact FinFX at the contact link above and request this in hard copy. The online applications however, are very quick and easy to complete!
- *** EXISTING CLIENTS AT FINFX: If you are an existing client at FinFX, it is very easy to participate with us. You simply need to open additional account(s) using our sign up links provided below. Then on the application at the bottom of the 1st page, it asks you if you have any “Existing FinFX account(s)”. You just need to enter your existing account number(s) here. This will make the new accounts ready to go very swiftly. You do not need to go through compliance again. Your new account(s) should be approved within 24 hours. When you receive your new account number, you can finish completing the LPOAs (available below) and submit them to [email protected] to complete the application. You must have a unique trading account and submit a unique LPOA for each Managed Trading Program that you wish to participate in.
STEP 1. Completing the Account Application
To open your brokerage account up at FinFX and start trading with us, in a brief summary you must first complete an account application (one for every account you wish to open), then send in the required pieces of support documentation, then sign the required LPOAs (limited power of attorney) which are all provided below, then you must fund your account(s) once they are all set up. These instructions are here to make the sign-up process as easy as possible and to guide you through the application.
FinFX Online Applications
The applications can be completed by clicking on the follow links below. Please note that you must complete one application for each PAM you would like to participate in. For example if you would like to participate in ArcFX and Stone Fund, you would open an account through two of the corresponding links below, one for ArcFX and one for Stone Fund (you only need to send your disclosure documentation in once). Once you click on the links below, select either Personal or Corporate account and begin the application.
1. Complete an application for ArcFX
2. Complete an application for Valor FX
3. Complete an application for Figaro FX
4. Complete an application for Stone Fund
NOTE: in the last section of the application, when it asks who referred you to FinFX, please enter “Aqua Vida Inc.” in this section. This is who the trading agent will be on the Managed Accounts at FinFX. This ensures your application is opened up properly, and your account will be placed into the proper PAM.
In addition to this application, you will need to provide your disclosure documentation as part of the Finnish Anti-Money Laundering Act. In most cases you will need to provide a proof of residential address document (i.e., a utility bill) and proof of identity document (i.e., a drivers license or passport etc..) and a recent bank statement - before your application will be approved. They have indicated the requirements for these documents on the last page of the online application. There are a few different options, and you can either upload them directly to their website, or you can email, post, or fax them to FinFX if you prefer.
STEP 2. LPOAs (Limited Power of Attorney)
After your account(s) have been approved and created, you must also download and complete the appropriate LPOAs - based on the total dollar size of your investment (indicated below). You must do this after your account(s) have been opened and approved as you need to enter your account number at FinFX on the LPOA document. You will need one LPOA document for each account you wish to have traded. So you if you want to participate in the Stone Fund program, the ArcFX program, and the Valor FX program, you will need to download one LPOA for each of them. These documents are what allow the Trade Managers to trade the accounts on your behalf.
* Please Note that we recommend that our investors diversify their funds across our 3 trading programs, currently; ArcFX, Stone Fund, and Valor FX. All of our programs are “non-correlated” and provide excellent diversification by working synergistically together and creating intra-asset class diversification. You can view an overview and comparison between the strategies here.
LPOA Downloads for Arc FX
1. 35% LPOA (to be used for account sizes between $5K - $150K USD in size)
2. 32.5% LPOA (to be used for account sizes between $150K - $1M USD in size)
3. 30% LPOA (to be used for account sizes greater than $1M USD in size)
LPOA Downloads for Valor FX
1. 35% LPOA (to be used for account sizes between $10K - $150K USD in size)
2. 32.5% LPOA (to be used for account sizes between $150K - $1M USD in size)
3. 30% LPOA (to be used for account sizes greater than $1M USD in size)
LPOA Downloads for Figaro FX
1. 35% LPOA (to be used for account sizes between $8K - $150K USD in size)
2. 32.5% LPOA (to be used for account sizes between $150K - $1M USD in size)
3. 30% LPOA (to be used for account sizes greater than $1M USD in size)
LPOA Downloads for Stone Fund
1. 35% LPOA (to be used for account sizes between $40K - $150K USD in size)
2. 32.5% LPOA (to be used for account sizes between $150K - $1M USD in size)
3. 30% LPOA (to be used for account sizes greater than $1M USD in size)
Once these have been downloaded and completed, they can be returned to FinFX by scan and email, fax or post. Most people send these via scanned copy either uploaded directly to the website or emailed to [email protected].
* IMPORTANT: After your accounts have been approved, you will be provided with wire transfer instructions so that you can fund your account(s). Once your account(s) are funded, you are then ready to begin trading with us. If you are participating in multiple programs with us, you must simply instruct FinFX to distribute your funds internally between any of your accounts proportionally as you would like to distribute/diversify them (assuming you have more than one account). For example, if you invested 50K, and wanted to put 20K into Valor FX strategy, and 15K into Arc FX, and 15K into Stone Fund, you must contact FinFX customer support and notify them to distribute the funds between your accounts accordingly. You do not need to send 3 different wire transfers.
Once again, should you have any questions or concerns in completing this application, simply contact FinFX (https://www.finfx.fi/en/contact-us), and their helpful customer support will gladly guide you through the application. Please do not hesitate to contact us at any time either.
Respectfully Yours,
The Managed Forex Hub team.
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We also ask that all of our clients take a brief moment and ensure to read our RISK DISCLAIMER and our DISCLOSURE DOCUMENT as these form part of your agreement with MFH when participating in the managed accounts.
