Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does Forex Depot Investments have access to my money and why do I need to sign a Limited Power of Attorney?

April 26, 2017Depot forex investments limited money power of attorney

0

Posted

Does Forex Depot Investments have access to my money and why do I need to sign a Limited Power of Attorney?

1 Answer

0

Posted

No, Forex Depot Investments does not have access to your money and cannot transfer, deposit, or withdraw your funds. Your account is set up directly with the FCM that clears all transactions and handles all transfers, deposits, and withdrawals. It is necessary for you to sign a Limited Power of Attorney (LPOA) to authorize the FCM to allow Forex Depot Investments to direct the trading of your account.