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B2C and B2B solutions

Alpari (UK)

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• Introducing Brokers
• Money Managers
• FAQs
  • Intro
  • Introducing Broker FAQ
  • Money Manager FAQ
  • Investors FAQ

Frequently Asked Questions

Money Manager FAQ

 

• Answer Close 1

  How can I or my company become a registered money manager with Alpari (UK)?

  If you can provide money manager services in accordance with regulations in your jurisdiction, please call Alpari (UK) Sales on +44(0)20 7426 2890 or email us at sales@alpari.co.uk to discuss about your business requirements and we will surely find the right solution for you.

• Answer Close 2

  Do I or my company need to be regulated to become a registered Money Manager at Alpari (UK)?

  You may have to be regulated by your local financial authority to offer Money manager services in your country. This is your responsibility to check this information before applying for a Money Manager programme.

• Answer Close 3

  What fee and/ or commission can I charge my client?

  The fee and/ or amount of commission you charge your client will relate to what you agree between you and your client – for the value-added service(s) you offer.
  
  Please call Alpari (UK) Sales on +44(0)20 7426 2890 or email us at sales@alpari.co.uk to discuss your business requirements.

• Answer Close 4

  Where the fees and / or commissions are paid to?

  If your Money Manager application is successful, you will be allocated an Agent Account. The relevant fees / compensation due to you will be paid in to this Agent Account in real-time.

• Answer Close 5

  Are the funds in my Agent Account protected by fund segregation?

  Yes. We’re authorised and regulated by the Financial Services Authority (FSA) and, like all FSA-regulated companies, we adhere to the strictest financial standards. Therefore we engage a policy of 100% segregation of all unused capital. Furthermore, all funds, whether company or client, are kept in the safest tier-1 and tier-2 banks such as Barclays Commercial and HSBC. Find out more.

• Answer Close 6

  Can Alpari (UK) accommodate the payment and calculations of the fees I charge for managing account(s)?

  Yes, if you are a registered money manager with Alpari (UK) we will process the fees periodically and they are paid to your Agent Account in accordance to the terms agreed between you and your client.

• Answer Close 7

  How long does it take to open an Agent Account?

  It depends on how quickly you can provide us with the required supporting documents. On average the process takes a couple of days. Once the documents have been submitted, we should contact you within 24 hours. If you do not get any reply within 3 working days, please send an email to partnerships@alpari.co.uk to check if we have received your documents.

• Answer Close 8

  As a money manager for my client’s accounts, do I have the right to withdraw the funds on behalf of the client?

  No. The LPOA (Limited Power of Attorney) gives you the right to trade on the client’s account but not to withdraw the funds. However, if your client gives you the consent, you can submit the withdrawal form on behalf of the client and once processed the withdrawn funds will be sent to the client’s bank account.

• Answer Close 9

  Who is responsible for collecting the client’s documents and for opening the accounts?

  Your client is responsible for collecting the required documents for opening their Alpari (UK) account. However as their money manager, you can choose to assist your clients by sending these documents on behalf of the client to Alpari (UK) for processing.

• Answer Close 10

  Will my client have access to their trading account under my management?

  Yes, your clients will have full access to their trading account(s). Whenever required, Alpari (UK) can provide the clients an Investor Password which will enable your client to have full read-only access to the account.

• Answer Close 11

  Do you offer multi account management solutions?

  We provide a free of charge multiple account management solution with MetaTrader 4 Multiterminal. This platform enables you to execute orders on multiple accounts by one click. It is helpful for the money manager who manages multiple trading accounts simultaneously. MetaTrader 4 Multiterminal supports all basic functions of MetaTrader 4 Client Terminal including system alerts and trading events, fast news, internal electronic mail, and a multi-language interface.
  
  Expert Advisors do not run on MetaTrader 4 Multiterminal.

• Answer Close 12

  Can I be employed to manage accounts for Alpari (UK)’s existing clients?

  Yes, you can. Your client will have to complete a Limited Power of Attorney (LPOA) which will enable you to have the authority to operate the account on behalf of the client.

 

 

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