To open an account please visit our Sign-up page here…
What is Forex?
Foreign Exchange (Forex) is the arena where a nation’s currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world, with over US$4 trillion changing hands daily and growing; more than six times the aggregate amount of the U.S. Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location and no central exchange.
What is Faida Forex?
Faida Forex is the trading name for Faida Capital Ventures. Faida Forex is a Global Premium FOREX Signal Provider. Faida Forex offers investors the opportunity to participate in the international FOREX market by having their accounts managed by a professional fund manager, while at the same time having complete access to their investment, 24 hours a day.
Where can I find your disclaimer?
Please visit – http://www.faidaforex.com/disclaimer. Read the disclaimer carefully and make sure you agree with it before signing up with us or using this website.
Which forex broker do you use?
See the list of brokers we work with here.
How much do you charge?
Faida Forex charges a flat rate on profits we make you. Please see our rates page at:
We do NOT charge if we do not make you money. That gives us a motivation to ensure that you are always making money.
How do I open an account?
To open an account, you will need to first select one of our partner brokers. Please visit:
How do I fund my brokerage account?
Our brokers accepts funding by e-wallet (Skrill, WebMoney, Perfect Money, OkPay) bank wire, Visa / Master card or personal check.
Does the trader for my managed account have access to my funds?
No, the funds in your Forex trading managed account are in your name at the broker. You are the proprietor of this account and the only one who can make deposits to or withdrawals from this account. The only power you grant to Faida Capital Ventures for the managed program is the power to trade your account through a Limited Power of Attorney (LPOA), which also authorizes deduction of the agreed performance fee/profit share ( incentive fee) stated on the Power of Attorney.
If I do not withdraw profits, do they reinvest ” i.e. compound ” automatically?
Yes, eventually profits left in your account will be considered an addition to principal, and will be factored into trade size calculations for future trades. How long it takes before they are included varies according to the period used for assessing profit share deductions and the trade strategies used in the managed program.
Once my new account is funded, how long before it will start being traded by the fund manager, when will I start seeing trades being placed?
In most cases trades start being executed immediately. As soon as your account is funded, the trade manager for the managed account sees that it is ready for inclusion in the next new cycle of trades you need do nothing, the trade manager is automatically alerted by the broker.
What is the minimum required to open a managed account with Faida Forex?
The minimum required to open a managed account is USD$ 100
What leverage do you use?
We use a leverage of between 1:400 and 1:500 depending on the broker.
What currencies are accounts denominated in?
All accounts have to be in USD $
Do I have to pay taxes on profits made in a forex managed account?
You are responsible for paying all taxes on your income, according to the laws of your country. Profit made in your forex managed account is income in every classification of which we are aware, upon which taxes would be due. Consult a tax expert on this.
What account type do I chose?
The account type you chose when signing up does not matter as it will shadow our master account.
I want to join your affiliate program. How do I go about it?
Please visit http://www.faidaforex.com/affiliate.
How much money can I expect to make using Faida Forex?
We cannot answer that question, but by copying our trades you can be assured that you will be turning a profit much sooner than going it alone.
How many hours will I have to put into this to see a return?
Zero hours, we do all the work for you.
What is a trade signals?
A Forex Trading Signal is a calculated trade generated by our team of analysts using key indicators, fundamental and technical analysis.
What is your success rate?
Our success rate at present is 75%-89% over the last years. NOTE: Past results are no guarantee for future success. Please visit our twitter account for past tips and trades: https://twitter.com/FaidaForex
If our signals are so good, why are we sharing them?
The forex market is the most liquid market in the world. If we take the trades we promote and a hundred or even a thousand more traders take exactly the same trades, it doesn’t change anything on a macro-scale. Us and all of our subscribers together cannot ever come close to manipulating the market or creating movement like the real whales can. So why share? Quite simply, why not? Selling our trading signals represents another revenue stream we can take advantage of.
Do I need to open a trading account with a forex broker?
Yes, you have to open an account with one of our brokers.
How much profits can I expect in a year and what can be drawdown?
Honestly, we cannot predict how much will you earn or what the drawdown will be and we won’t give you any promises.
Can I try your trading signals on a demo account first?
Yes, we post all our trades on our twitter page at:
Feel free to copy them for a s long as you wish.
How much monthly gain will I earn following your signals? How much profit you guarantee?
Honestly, we do not guarantee that you will make any profit. There is no guarantee in any investment, especially in Forex.
Will I need to pay more than the commissions on profits made?
No, we only charge you for profits we make for you. View our rates at:
Are your signals based on and generated by a trading robot?
A: Our signals are a mixture of both human and robots. Robots help avoid any instances of annoying emotions and human errors.
Do you have live human attendance?
All master accounts are supervised in case something goes wrong with the software or server, only partial human intervention is taken on the trading decisions.
Do you have live customer support and what are support hours? Would it be possible to connect with you on Skype?
We do not have live customer support and do not connect on Skype, but we offer efficient email support.Visit: http://www.faidaforex.com/contact
Could I also place my own manual trades over and above your trades when I open a managed account? Can I use another signal service or another trading app on the same account?
No, that is not allowed. You account will only have read only access. You will not have write access which enables you to execute trades.
What is your max number of concurrent open trades?
Max open trades can be 7 and on average there are 5 trades open at the same time.
Do you keep trades open over the weekend?
Yes, trades are kept open over the weekend.
I only want to risk no more than 2.5% on one single trade in my live account. Is it possible with your software?
No, your account copies exactly the trades of the account you have chosen.
Are our funds held in our own account and not pooled?
All funds are pooled. This enables us to negotiate better spreads and have a more flexible trading strategy
What leverage do I need to set up on my account?
Leverage is set up automatically but you can chose the highest level available depending on the broker.
Does the account automatically compound or does the lot size increase every $10,000 or other amount?
All our trades are compounded.
Can I set risk percentages myself or would it be better to follow your exact moves right?
It’s best to use our account default settings and follow the same risk of our master account.
Is there any privacy safety as I don’t know at this stage that you or anybody else has access to my account and its funding?
No one has access to your funding except you. Only you can withdraw or fund money into your account and that is protected by our forex broker.
Is there possibility that in one or two trades you wipe out my account?
No. we never risk that much for this to happen.
What’s your recommendation on withdrawals? Do you advise to do this monthly or use long term investment and keep money on balance.
This depends on you as an individual though we recommend withdrawing at least monthly.
What happens with an account when you are not available? What are risks when something like this happens, are you a company or private trader?
All trading is automated as well as monitored by humans. If something happens everything will stay as is for some time. We are a limited company.
Do not see your question answered here? Please contact us!