Hmm. This is quite interesting. Apparently GalleonFX decided to lower their minimum account opening size to $2000 until they get out of the recent drawdown. This may be a good opportunity for you folks IF they succeed in doing what they say they will. Read the official “press release” below for more details:
02/11/08 New $2000 Minimum until we’re out of our recent draw down. It is common for people to put funds into investments that are going up and take funds out of investments that are going down. Unfortunately this works against most people because such a practice can get you into or out of an investment at the worst time. If you have confidence in the underlying investment and the confidence it will endure over the longterm then the correct thing to do would be to get in on the downside. In our case, in order to encourage people to get in during a draw down such as what we are in currently. We lowering our normal minimum to $2000. Until we pull out of the draw down we will keep this low minimum which could be for several weeks or only until the end of the month. There are no guarantees of future profits but in we have proven over time that draw downs are only temporary. If this proves to be the case again, this may be a great time to get involved with Galleon before the next profitable trends hit us.