Power-Forex: IPAM Armada Managed Forex Account

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Greetings everyone. I’ve got a new managed forex account for you folks to check out. One again this one also comes from Income Plus Asset Management Inc. (IPAM) The name of the managed account is “Armada” and it trades at IFX. IFX is a U.K registered company and is authorized and regulated by the FSA (financial services authority).

Like all of IPAM’s IFX based managed accounts Armada operates on LAMM (Lot Allocation Management Module) technology. The only noticeable difference between the Armada and IPAM’s other IFX operated accounts is the per round turn performance fee, which is set at $2.50 per 10K round turn lot compared to $3.50 for the other ones. Although I know many people (including myself) do not like per round turn performance fees, keep in mind that the performance results are NET of ALL fees.

Ok, let’s go into some details about the Armada account:

Trading Style: Short-term trading employing maximum risk control while applying proprietary technical strategies on both a day and swing trading basis.

Key Points – IPAM Armada

  • Number of strategies – multiple time frames: 35
  • Average trades per month: 70
  • Average holding time per trade: 1 – 5 days
  • Currency traded: EUR, USD, GBP, CHF, JPY, CAD, AUD, NZD and their crosses
  • Strict Risk Management: multiple loss control techniques and extensive trade management tools implemented on every trade
  • Fully Automated: All Trading Done by Computer Algorithms
  • Minimum investment size: $10,000
  • Management Fee: $2.50 per round turn 10,000 lot plus 25% of net new high equity
  • Monthly results, net of all fees, may be viewed at IPAM Armada Performance Results

Please Note: All gains, losses, and trading fees are distributed by the LAMM (Lot Allocation Management Module) account on a percentage basis so that all accounts, regardless of size, obtain the same percentage returns.

As you can see this one has a much higher minimum investment size compared to the IPAM Platinum at FXCM account that I mentioned in a previous post. Also, the returns are much higher. Luckily though this account has managed to achieve these high returns with only two losing months since 2006. Keep in mind though that this account is traded by computerized strategies unlike the IPAM Platinum which does involve a certain amount of human intervention, or as we say in the trading community, “discretionary trading.” However, this does not necessarily make it inferior to IPAM Platinum or any other human traded accounts. There are many variables to consider and the long term performance record is what really matters in the end.

So there you have it folks, another managed forex account for your consideration. Stay tuned to this blog as I will be introducing other managed forex accounts later on.

Happy Investing!

Alan


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