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

0

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.

Related Questions