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Frequently Asked Questions

What is the past performance and what drawdowns are expected in a typical month?

 

Click here to view performance.

 

Who or what is Oanda?

Oanda Coporation is a forex dealer or broker registered with the National Futures Association and the Commodity Futures Trading Commission in the USA. To learn more about Oanda Corporation visit their website at www.oanda.com.

 

What is the forex market?

The' forex market' is short for 'spot foreign exchange market'. It is generally said that 1 to 3 trillion US dollars worth of currency is exchanged every day making the forex market the largest market in terms of volume/value traded per day. It is also widely considered to be the most volatile, the most liquid and the most efficient market. Trading in the forex market is considered by many in the financial industry to be very risky. Dankel Management agrees with this assertion. You should not invest or allow anyone or any company to invest money for you that you cannot afford to lose.

 

Does Dankel Management or its trader guarantee a rate of return?

No, there is no guarantee of future performance or rate of return on the accounts being managed.

 

Is the trader associated with Oanda Corporation?

Neither Dankel Management nor the trader is associated with the management of Oanda Corporation.

 

Is the trader compensated for forex transactions made on the market?

No, the trader's compensation is not tied to the amount of forex transactions made. The broker/dealer, in this case Oanda Corporation, is compensated everytime a trader places a trade on its FXTrade Platform. This compensation is in the form of a spread, that is the difference between the bid and ask price any currency pair.

 

How is the trader compensated?

The trader is compensated by the end of month performance in an account that is being managed. If there is a positive gain for a particular month in the account of a client, then the trader will receive a percentage of that gain. That percentage is stipulated in the Account Management Agreement and varies depending on the type of trading system being used. If there is a loss for a particular month in the account of a client, then the trader will not assess a performance fee.

 

Where will my money be held and is it safe?

In the account management process, Dankel Management will not hold or receive your funds. Your funds will be held by Oanda Corporation (the broker). Your funds are guaranteed only in so far as guaranteed by Oanda Corporation: Your Margin Account with Oanda is not insured under any state or federal insurance program, or by any other entity.

 

Does Dankel Management offer investment advice?

Dankel Management does not offer investment advice. No trader at Dankel Management offers investment advice. In deciding whether or not to invest it is highly recommended that you seek council with a registered investment advisor in your jurisdiction.

 

What exactly is a Limited Power of Attorney Document?

Limited Power of Attorney is a legally binding agreement for an agent to trade money allocated to that agent from your account. Power of Attorney does NOT transfer any kind of ownership of the account in any way. You can abort Power of Attorney agreement at any moment without any restrictions, requirements or explanations.