WHAT IS A MANAGED FUTURES ACCOUNT?
According to the NFA: An arrangement by which the owner of the account gives written power of attorney to someone else, usually the broker or a Commodity Trading Advisor, to buy and sell without prior approval of the account owner. Also referred to as a Discretionary Account. Back to Top IS FUTURES TRADING RISKY? Yes. The NFA requires anyone opening a futures account to sign a form stating that they have received, read, and understand all the associated risks that accompany futures trading. These risks are clearly spelled out in our Disclosure Document, available from the Documents page on this website. Back to Top WHO HAS ACCESS TO THE MONEY IN MY ACCOUNT? Only you and your FCM can authorize cash movement in and out of your account. Clarke Capital does not have access to client funds in any managed account. Our quarterly fees are withdrawn by the FCM and paid to us only after the client has had a reasonable amount of time to verify the accuracy of his invoiced fee amounts. Back to Top
