Managed Accounts - Managed Accounts

The Millennium Advantage Account

The Account
The Model
The Performance
The Broker
The Fees
The Disclosure
The Paperwork
The Referral

The SolomonFX Advantage managed account is sure to attract the attention of today's progressive investor. Built on a model that embraces moderate levels of risk, the Advantage account offers targets of consistent monthly gains with minimal draw-down. If you are looking for a new alternative to the vehicles found in the equities, commodities and securities markets, a FOREX Advantage account may be the answer. Unlike some FOREX managed accounts currency-globe whose returns experience extreme month-to-month swings in performance, the Advantage account has controlled swings that have been limited to 2-3% one month to the next. The methodology employed emphasizes capital preservation while harnessing the strength of daily fluctuations in the Foreign Exchange (FOREX) Market which continue to draw the attention of many traders and investors alike.

As a member of the SolomonFX Millennium family of managed accounts, the Advantage account is designed to leverage the largest financial market in the world that results in strong performance for the new millennium. Our traders employ a proprietary method of trading to hedge a position's risk exposure. Trades are concentrated on the EUR/USD; the most heavily traded vehicle of the FOREX market. This stable currency pair offers investors low trading costs allocating more of the position to the trade instead of fees. As with all of our Millennium Managed Accounts, Advantage investors have personal access to view their account 24/7. Which means that, unlike hedge funds and other pooled money funds where you hand your money over to an individual and hope for the best, you remain in control of your account by direct relationship with MIG Bank who holds your account. You merely allow us trading privileges on your account which you can revoke at any time. No mysteries, no secrets, no surprises. In addition, to make the invitation even more appealing we have no restrictions on deposited monies and a low initial investment of just $15,000 USD to get started. Start taking advantage of what the FOREX market can do to build your portfolio and open an Advantage account today!

Account Details

Date of Inception:	August 2009
Monthly Goal:	5-10% (net after fees and losses)
Max Expected Draw-down:	5% per month
Minimum Deposit:	$15,000 USD
Monthly Fee Structure:	30% Performance (Above High Water) 0.167% Maintenance (2% Annual)
Broker:	MIG Bank - Switzerland
Status:	Open to New Investors
Deposit Restrictions:	No Minimum Time Restrictions

To learn more about the live model upon which the Millennium Advantage Account is built please click on The Model tab.

the-model Models are built to give everyone an idea of what to expect from the the full-scale version once it is up and running. As part of the Millennium family of Managed Accounts, SolomonFX requires the demonstration of a method of trading by way of modelling it in a smaller account before we will create a larger managed account around it. The Advantage Managed Account was built on live trading results for 8 continuous months with real money. This provided us with a solid level of confidence in the approach as the model clearly showed how the proprietary approach performed in a series of changing market conditions between January and August of 2009.

Download the proprietary trading history of the model between January and August of 2009.

Attributes of the Model

Clean, efficient and robust are three words that can be used to explain the approach of this model.

Trading is messy by nature. There is no 100% reliable way to predict which direction price will go or how far. For most traders this results in trades open for periods of time longer than initially thought and much speculation of how to handle them. The method used in the Advantage account uses realistic targets and methodology that does not require lingering trades to remain open in order to book a profitable position. This produces a clean history of trades which did not remain open on the books for extended periods of time.

The effectiveness of most strategies will vary with the ever-changing market conditions. This is normal in trading. However, some approaches are less affected by these conditions than others. This is one of the more attractive features built into the model of Advantage account. While it is impossible to completely disassociate performance from market volatility, the mechanical approach used in this account is capable of efficiently profiting from quiet markets when most traders find their methods to be inadequate without sacrificing performance in markets of normal volatility.

Every successful trader develops a plan that goes into action when things go against them. It is what keeps their account alive. The model of the Advantage account has a unique adaptive approach to profit from situations when the outcome is different than what was expected. The robustness of this approach allows Advantage investors to not be concerned with the all-too-common unexpected changes that happen in the market. By using a comprehensive hedging technique changes in the market can be compensated for and turned into profits.

Carrying it Over

SolomonFX knows that results of a model are only useful if they can be carried over into the managed account. Our traders understand the necessity and importance of consistency and discipline in trading a managed account using the same model they demonstrated on a smaller account. As the performance will show, the same methods and techniques used to create the performance in the model in 2009 are being used every day in the trading of the Advantage account producing the same type of performance with investor's accounts today. As an Advantage investor you can be assured that the methods used in a managed account will remain consistent over time so that you can have confidence of what to expect in the future.

To see the cumulative performance of the model and the breakdown on the Advantage account please click on The Performance tab.

The Millennium Advantage Account offers investors a balanced approach to portfolio growth harnessing the potential of the Foreign Exchange market. Moderate risk and steady growth are the goals of the Advantage program. Since its inception the program has demonstrated a consistent pattern of moderate yet increasing growth. Traders of the Advantage Account apply a disciplined methodical approach to the daily movements of the EURUSD; the world's most heavily-traded currency pair. We invite you to review the latest performance in the Advantage Account Performance Report by clicking on the graph at the right. You will find monthly ROR and VAMI performance numbers for both the live money proprietary trading history as well as the live account.

Click Image to Download Report

Performance Breakdown

	Proprietary Trading Jan - Aug 2009¹	Managed Account Trading Sept 2009 - May 2010	Combined Trading Jan 2009 - May 2010
Average Monthly ROR	6.5%	-0.8%	2.7%
Highest Monthly ROR	27.1%	8.3%	27.1%
Lowest Monthly ROR	-2.3%	-20.1%²	-20.1%
Compounded ROR	61.9%	-9.4%	46.6%
Largest Monthly Drawdown	-2.3% July 2009	-20.1% May 2010	-20.1% May 2010
Worst Peak-to-Valley	-3.1% Jun-Aug 2009	-26.0% Feb-May 2010	-26.0% Feb-May 2010

Past performance is not necessarily indicative of future results.

See The Disclosure tab for more details on Methods of Calculation and Definitions used in reporting.

1 - All Proprietary results reported pro-forma to include all fees and methods used for Managed Account Trading Results

2 - Results for Sept 2009 reflect month of inception with single account traded for a portion of the month.

Note: Managed Account Trading results include the results of all clients whose accounts pay Performance and Maintenance fees. SolomonFX and its traders also have accounts traded as part of this program. Results of these accounts are not included in the calculation in the performance calculations as they would cause inaccuracies in the overall performance.

MIG Bank In today's changing regulatory climate it is imperative that a managed account be associated with a FOREX broker that can provide both the services needed and a high level of security to the investor and their capital. SolomonFX has been working with MIG since February of 2009 once it became apparent that US brokers would face difficult challenges due to changes in US regulation. At that time, MIG was a Swiss FOREX Bokerage offering low transaction costs, clean execution and competent back-end services. Today MIG provides the same excellent products and services for both FOREX traders and investors, but with the added benefit of being the first Swiss broker to acquire Swiss bank status.

About MIG Bank *

MIG Investments SA was launched in 2003 and is one of Switzerland's fastest growing FX service providers. As of December 4, 2009 MIG achieved Swiss Bank status, being the first of Swiss FOREX brokerages to complete the 2 year process. MIG Bank is is an investment bank located in Neuchâtel, Switzerland and caters to a growing worldwide client base of private and institutional traders, 24-hours a day, 5 days a week, providing specialized FX services in over 20 languages. MIG currently employs over 60 employees.

MIG BANK has a high standard of compliance and quality throughout its organization. As an established Swiss bank, our operations are regulated and supervised by the Swiss Financial Market Supervisory Authority (FINMA). This independent authority protects the clients of financial markets, namely creditors and investors, thereby strengthening confidence in the smooth functioning, competitiveness and integrity of Switzerland’s financial center.

Under this framework, and particularly in accordance with the Swiss Banking Act, clients benefit from Swiss Banking security standards, which include privileged deposits per creditor in case of a bank default. MIG BANK only affiliates itself with minimum AA rated banks and financial institutions and undergoes consistent operational audits throughout the year by KPMG, providing external auditing, and PricewaterhouseCoopers, for internal auditing. These measures help to assure the highest financial reporting quality, transparency and business integrity possible. MIG BANK is ISO certified for Quality Management and Information Security Standards (9001 and 27001), and employs best-practice and continual improvement techniques throughout its organization to ensure sound business operations.

* Excerpts used from the MIG Bank website. Visit www.migbank.com for more information.

The Position of SolomonFX

Investors need to have confidence in the security for their capital. SolomonFX is merely the trader on a manged account by the investor's permission and as such we have no direct control on the security of deposited funds with any broker. However, of all the possible countries in which to deposit funds, Switzerland has historically shown itself to be among the safest and most stable financial environments. Swiss banking policies differ from those of the US, namely, the funds on deposit in a US bank are considered part of its working capital making it necessary for banks to offer FDIC insurance on deposited funds. Swiss banking regulation does not allow its banks to claim funds on deposit as part of its working capital thereby providing an extra layer of protection in the event of default. For these reasons and those above, SolomonFX feels confident recommending MIG Bank and banking institutions regulated by FINMA and the Swiss banking community to its clients for the purpose of investment in our Advantage Managed Account held with MIG Bank.

cash register The Millennium Advantage Managed Account employs a standard fee structure common among many FOREX managed account programs.

The following fees are collected on a monthly basis:

Performance Fee = 30% of monthly profits above the account's high watermark

Administration Fee = 0.167% regardless of profits (this is equivalent to 2% annually)

No other fees are charged to an account. Fees are agreed upon by the investor at the time of application by way of the MIG PICPF form and the SolomonFX Trading Agreement. Fees are automatically calculated and withdrawn by MIG usually within 10 days of the end of each month. The high watermark is defined as the highest month's ending equity on the account.

Monthly Fees Calculation

MIG's method of calculating monthly fees on an individual account are as follows:

The determination if monthly profits have been realized is first assessed. This is simply a check if Ending Month's Equity > Beginning Month's Equity.

If no profits were realized then only Maintenance Fees are assessed on the Ending Month's Equity and the high watermark is set at the previous Ending Month's Equity.

If there has been a profit made then fees will be calculated as follows at month's end:

Monthly Fees = {(Total Cumulative Profits - Current Floating Trades) x (Performance% + Maintenance%)} - Total Performance Fees Paid-to-date

Inspector SolomonFX is committed to transparency and excellence in our managed accounts. We have included this section of the website so that prospective investors have the privilege of reviewing not only the latest performance information of the account but also the relevant additional information related to the calculations of performance so that a more fully informed decision can be made.

All investors should be aware of the risks of trading. We have provided the Risk Disclosures from three parties; MIG Bank - who will hold your account, SolomonFX - who will trade your account and the National Futures Association (NFA) - the most prominent regulatory agency in the US for US-based clients. We encourage you to read each of them before choosing to invest in one of our accounts.

You should be aware that SolomonFX is not currently a member of the NFA, however we are endeavoring to do so in the near future. In an effort to disclose current performance information of our accounts at what will be the required standard in the future, we have chosen to use much of the same standards set forth for CTA members by the NFA. To better understand how those standards affect the reporting process we have included two additional tabs below: Methods of Calculation and Definitions that will assist the investor in better understanding the NFA methods we implement and how they are defined by the NFA.

The MIG Bank Risk Disclosure
The SolomonFX Risk Disclosure
The NFA Risk Disclosure
Methods of Calculation
The Definitions

The MIG Bank Risk Disclosure

The following statements are from the MIG General Business Conditions And Safe Custody Regulations which the client will sign agreement to as part of the Individual, Joint or Corporate Account Application.

The Client is aware and accepts the risks resulting from foreign exchange transactions and all related transactions. Risk of loss in trading foreign exchange can be substantial. Before entering into transactions, the Client acknowledges that he/she has fully understood :

+ The nature and fundamentals of the transactions and the market underlying such transactions;

+ The extent of the economic risk to which the Client is exposed as a result of such transactions (and determine that such risk is suitable for the Client in light of its specific experience in relation to the transaction and its financial objectives, circumstances and resources);

+ The legal terms and conditions for such transactions. The Client should also be aware of the following :

+ The Client understands the terms and conditions of the transactions to be undertaken, including, without limitation :

- The terms as to price, term, expiration date, restrictions on exercising an OTC option and of the terms material to the transactions;

- Any terms describing risk factors, such as volatility, liquidity, and so on; and

- The circumstances under which the Client may become obliged to make or take delivery of a leveraged foreign exchange transactions or options transaction.

+ The high degree of leverage that is often obtainable in foreign exchange and precious metals trading can work against the Client as well as for the Client, due to fluctuating market conditions. Trading in such instruments can lead to large losses as well as gains in response to a small market movement. If the market moves against the Client, he/she may not only sustain a total loss of its initial margin deposit, and any additional funds deposited with the Bank to maintain its position, but the Client may also incur further liability to the Bank. The Client may be called upon to “top-up” its margin by substantial amounts at short notice to maintain its position, failing which the Bank may have to liquidate its position at a loss and the Client would be liable for any resulting loss.

Under certain market conditions the Client may find it difficult or impossible to liquidate a position, to assess a fair price or assess risk exposure. This can happen, for example, where the market for a transaction is illiquid or where there is a failure in electronic or telecommunications systems, or where there is the occurrence of an event commonly known as “Force Majeure Event”. Placing contingent orders, such as “stop-loss” orders, will not necessarily limit losses to the intended amounts, as it may be impossible to execute such orders under certain market conditions. When placing a stop order or stop loss order, the Client must be aware that in certain market conditions the Client may be filled at a different price than initially requested.

Because the prices and characteristics of over-the-counter transactions are individually negotiated and there is no central source for obtaining prices, there are inefficiencies in transaction pricing. The Bank consequently cannot and do not warrant that prices or the prices the Bank secures for the Client are or will at anytime be the best prices available to the Client.

The SolomonFX Risk Disclosure

The following statements are from the SolomonFX Trading Agreement which the client will agree to when the agreement is completed.

Investor understands that there is considerable exposure to risk in any foreign exchange transaction. Before deciding to participate in the FOREX market, Investor has carefully considered their investment objectives, level of experience and risk appetite. Most importantly, Investor understands that they should not invest money they cannot afford to lose. Risks include, but are not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Moreover, the leveraged nature of FOREX trading means that any market movement will have an equally proportional effect on Investor’s Account. This may work against the Investor as well as for the Investor. Past performance is not necessarily indicative of future results. The possibility exists that the Investor could sustain a loss of some or all of Investor’s initial investment and may be required to deposit additional funds to maintain Investor’s position. If, during an open trade, the market moves against Investor’s position and the margin on the Account is called, the position will be closed and the Investor’s Account will suffer the resulting losses.

Investor acknowledges that there are also risks associated with utilizing an internet-based deal execution software application including, but not limited to the failure of hardware and software. However, Investor also acknowledges that the trading system provider (Broker) employs back-up systems and contingency plans to minimize the possibility of system failure, and phone trading is always available.

Investor is aware of the speculative nature and high risks associated with trading FOREX (which includes the risks that Investor may incur from trading losses of capital contributed to the Account). Investor also acknowledges that no "safe" trading system has ever been devised, and that no one can guarantee profits or freedom from loss in such trading. Investor acknowledges that Investor has received no such guarantees from SolomonFX or from any of its representatives or any introducing agent or any other entity. Investor further agrees that they have not entered into this Agreement in consideration of or in reliance upon any such guarantees or similar representations. SolomonFX, therefore, cannot and does not imply or guarantee that Investor will make a profit, and it is expressly agreed that SolomonFX will not be liable to Investor or any other party for any act or omission in the course of or in connection with the rendering of its services, except for acts or omissions by SolomonFX or its employees, affiliates or agents which constitute gross negligence, willful misconduct or fraud. Investor shall indemnify SolomonFX, its members, principals, officers, employees, agents and affiliates for all liability incurred in the performance of the services required by this Agreement, provided that there has been no judicial determination that such liability was the result of gross negligence, willful misconduct or fraud on the part of SolomonFX and provided further that any conduct of SolomonFX, which was the basis for such liability, was done with the good faith belief of SolomonFX that it was in the best interest of the Investor.

The NFA Risk Disclosure

The following statements are from the NFA publication Disclosure Documents - A Guide for CPOs and CTAs

THE RISK OF LOSS IN FOREX TRADING CAN BE SUBSTANTIAL. YOU SHOULD, THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD ALSO BE AWARE OF THE FOLLOWING:

FOREX TRANSACTIONS ARE NOT TRADED ON AN EXCHANGE, AND THOSE FUNDS DEPOSITED WITH THE COUNTERPARTY FOR FOREX TRANSACTIONS MAY NOT RECEIVE THE SAME PROTECTIONS AS FUNDS USED TO MARGIN OR GUARANTEE EXCHANGE-TRADED FUTURES AND OPTIONS CONTRACTS. IF THE COUNTERPARTY BECOMES INSOLVENT AND YOU HAVE A CLAIM FOR AMOUNTS DEPOSITED OR PROFITS EARNED ON TRANSACTIONS WITH THE COUNTERPARTY, YOUR CLAIM MAY NOT RECEIVE A PRIORITY. WITHOUT A PRIORITY, YOU ARE A GENERAL CREDITOR AND YOUR CLAIM WILL BE PAID, ALONG WITH THE CLAIMS OF OTHER GENERAL CREDITORS, FROM ANY MONIES STILL AVAILABLE AFTER PRIORITY CLAIMS ARE PAID. EVEN CUSTOMER FUNDS THAT THE COUNTERPARTY KEEPS SEPARATE FROM ITS OWN OPERATING FUNDS MAY NOT BE SAFE FROM THE CLAIMS OF OTHER GENERAL AND PRIORITY CREDITORS.

THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FOREX TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS.

MANAGED ACCOUNTS MAY BE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES AND THE ACCOUNT MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETING OR EXHAUSTING ITS ASSETS. THE FEES TAB CONTAINS A COMPLETE DESCRIPTION OF EACH FEE TO BE CHARGED TO YOUR ACCOUNT BY THE ACCOUNT MANAGER.

THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND SIGNIFICANT ASPECTS OF THE FOREX MARKETS. THEREFORE, YOU SHOULD CAREFULLY REVIEW THIS DISCLOSURE DOCUMENT OF THE PRINCIPAL RISK FACTORS OF THIS INVESTMENT.

NATIONAL FUTURES ASSOCIATION HAS NEITHER PASSED UPON THE MERITS OF PARTICIPATING IN THIS TRADING PROGRAM NOR THE ADEQUACY OR ACCURACY OF THIS DISCLOSURE DOCUMENT.

Methods of Calculation

Rate of Return - ROR

The NFA defines the ROR of an individual account as the Net Performance divided by the Beginning Bet Asset Value (BNAV) for the given month (see Definitions tab for more details on these values). Distortions in ROR can occur when Deposits/Withdrawals occur in a given month on a day other than the first day of the month. This effect also occurs on the overall account when new individual accounts are added to a program on days other than the first day of the month. To address these distortions the NFA allows one of several methods to be employed. Any method may be used provided it is used consistently and does not produce misleading values of performance. We have elected to use the Time-Weighting method to address the effects of periodic deposits/withdrawals. Time-weighting represents the percentage of the deposit/withdrawal that is allocated to the BNAV and proportional to the fraction of the month the deposit/withdrawal was available/unavailable. Accounts without deposits/withdrawals in a given month will more accurately be described by that month's ROR than accounts which experienced deposits/withdrawals. All individual client accounts and overall account ROR values are calculated using this methodology. The only month for which the above method was not used in our reporting was September 2009. After consulting the NFA, the feeling was that September's ROR should not employ the Time-Weighting approach since it was the month of inception wherein only one account was traded for a portion of the month.

Compounded ROR is the term most investors look for as it describes how a single deposit would have faired over a given number of months with no deposits/withdrawls. We have emplyed the NFA method of calculating Compounded ROR and it is shown here in the following manner:

Compounded ROR = [(1+ROR₁) x (1+ROR₂) x (1+ROR₃) x . . . (1+ROR_n)] - 1 where n is number of months

If an investor wanted to know how their initial deposit of $100,000 would have grown over n months they would simply multiply the initial deposit and the Compounded ROR for n months.

Accounts of new investors whose monies were deposited but not traded in a given month are not included in performance calculations of that month. Such investments are allocated to the next month's BNAV in full.

Value Added Monthly Index - VAMI

Th NFA recommends reporting the effect of the Compounded ROR using a hypothetical $1000 according to a method called the Value Added Monthly Index. Below is the method described by the NFA and used on our performance reporting:

VAMI for month 1 = (1+ROR for the month) x $1000

The VAMI for all subsequent months = (1+ROR for the month) x VAMI for prior month

The Definitions

Beginning Net Asset Value - BNAV= NFA term defined as previous month's ENAV. When used with the Time-Weighting method for Deposits/Withdrawals the BNAV will be adjusted with a proportionate value of the Deposit/Withdrawal based on the day of the month the funds are made available/unavailable in the account.

Ending Net Asset Value - ENAV= NFA term defined as BNAV + Deposits - Withdrawals + Net Performance.

Net Performance= NFA term defined as Realized Gain/Loss + ? Open Trade Equity - Fees

Pro-Forma = Defined by NFA as it pertains to proprietary trading results; all fees and methods used to disclose managed account performance must also be used on reported proprietary results so that equivalent comparison can be made between the two trading histories.

Draw-down = Losses experienced by an account over a specified period.

Worst Monthly Draw-down = The trading program's worst monthly percentage ROR

Worst peak-to-valley draw-down = Taken from the VAMI chart; it represents the programs greatest drop from a peak by evaluating month-to-month VAMI performance. Calculated as a % of the peak VAMI.

Proprietary Trading = Defined by NFA as results of trading using real money on a individual account but outside of a managed account program.

As a SolomonFX Advantage Account investor you have choices in the type of account you would like to open.

Each tab below gives you the complete step-by-step instructions you will need to do in order to complete your application for the type of account you wish to open.

All forms will require you to download them using Adobe Acrobat Reader and fill them out on your computer. If you do not have Adobe Reader you can download it now from the link at the right.

We also recommend that once you select the type of account you wish to open that you print out the page using the printer utility in your browser and use the pages as a reference to make sure you have completed each of the 7 steps.

If you have questions at any time in the process please do not hesitate to contact us by email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

The 7 Steps to Open an Individual Account
The 7 Steps to Open a Joint Account
The 7 Steps to Open a Corporate Account

The 7 Steps to Open an Individual Account

Step 1 - Download the Individual Bank Account Application form Click here to download the Individual Account Application

This is a 25 page PDF document that details the agreement made between you and MIG Bank. Please review the entire document before signing and submitting any of its pages.
You are only required to return pages 1 through 6 to MIG Bank. If you choose not to contribute to UNICEF you are only required to return pages 1 through 5.
MIG requests that all information be entered by way of the computer. Please note that after you enter your information, you will not be permitted to save a copy of the form with your information; it will only save a copy of the form without your information. Therefore, please be sure to enter the required information in one sitting and print it out once your are finished.
Be sure to answer all required fields. These are identified with an " * ".
You will need to enter you signature, location and date of where and when you completed the application on the appropriate pages. (Wait to sign in front of a notary.)
Please note: As per the instructions on the cover page, you are required to provide a notarized copy of your passport or identity card with photo, notarization of your signature to authenticate the 5 or 6 pages you will be submitting and a notarized utility bill as proof of your resident address.
Print out the completed form using Adobe Reader. You will send MIG the original copy of this form and the supporting documents listed on the cover page.

Step 2 - Download the Limited Power of Attorney (LPOA) form Click here to download the LPOA form

This is a single page document that grants SolomonFX authority to execute trades on your personal account.
Fill our your name at the top of the page. (You may omit the account number information since one has not been given to you yet.)
At the bottom of the form you will need to enter you signature, location and date of where and when you completed the form.
Print out the completed form using Adobe Reader. You will be sending MIG the original copy of this form.

Step 3 - Download the Permanent Instruction to Calculate and Pay Fees (PICPF) formClick here to download the PICPF form

This is a single page document that authorizes MIG Bank to calculate and withdraw the monthly Performance and Maintenance Fees from your account.
Fill our your name at the top of the page. (You may omit the account number information since one has not been given to you yet.)
At the bottom of the form you will need to enter you signature, location and date of where and when you completed the form.
Print out the completed form using Adobe Reader. You will be sending MIG the original copy of this form.

Step 4 - Send in your paperwork to MIG Bank

Using a reliable overnight carrier (e.g. UPS, FedEx etc.) send all forms from Steps 1-3 and supporting documents to MIG Bank.

MIG Bank - Attention Joyce Cheng

14, rte des Gouttes d'Or

CH-2008 Neuchâtel, Switzerland

Once your application is approved by MIG you will receive an email which includes your account login information. You will need to print, sign and send a copy back to MIG to acknowledge receipt of your account information. This document may be faxed or scanned and emailed to MIG.

You will also receive instructions in this email of how to fund your account.

Step 5 - Let us know you have completed your MIG application

Send a short email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it to let us know that you have completed and sent in the MIG application.
We can then followup on your behalf with MIG Bank.

Step 6 - Download a copy of the SolomonFX Trading Agreement Click here to download the SolomonFX Trading Agreement

This 5 page document is a formal agreement between you and SolomonFX that details our role and your acknowledgement of the risks associated with electronic trading of the foreign exchange.
Print out the entire document using Adobe Reader and fill in the information requested on pages 4 and 5. (Be sure to include signatures from Joint Account Holders if applicable.)
Once you have completed the Agreement please send a copy to us using either of the three methods; FAX, email or registered mail.

Step 7 - Let us know you have completed your SolomonFX Trading Agreement

Send a short email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it to let us know that you have completed and sent in the SolomonFX Agreement.

This completes your application process to open a Millennium Advantage Managed Account. Once funding of your account is complete MIG will notify us and we will begin trading on your account. In order to track the trading that occurs on your account you will have to download a copy of the MIG MT4 Trading Station.

Click here to download the MIG MT4 Trading Station

Once you have downloaded the platform, click on File>Login and you will be prompted with a window requesting your login information that you received from MIG. You will only need to enter the information once. By using the "Trade" and "Account History" tabs at the bottom in the Terminal window you will see live and closed trades on your account. By Right-Clicking on the Account History you can create a report of the activity on your account. This is the fastest and most accurate method of keeping track of the activity on your account. Please note that some older computers or slower internet connections (i.e. dial-up) may not be capable of running the software and updating the streaming information. Please be sure that your computer is capable of high speed internet access if you plan to use the platform.

If you require more information on how to navigate the MT4 platform please contact us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it and we can better assist you.

The 7 Steps to Open a Joint Account

Step 1 - Download the Joint Bank Account Application form Click here to download the Joint Account Application

This is a 28 page PDF document that details the agreement made between the Joint Account Holders and MIG Bank. Please review the entire document before signing and submitting any of its pages.
You are only required to return pages 1 through 9 to MIG Bank. If you choose not to contribute to UNICEF you are only required to return pages 1 through 8.
MIG requests that all information be entered by way of the computer. Please note that after you enter your information, you will not be permitted to save a copy of the form with your information; it will only save a copy of the form without your information. Therefore, please be sure to enter the required information in one sitting and print it out once your are finished.
Be sure to answer all required fields. These are identified with an " * ".
You will need to enter your signature, location and date of where and when you completed the application on the appropriate pages. (Wait to sign in front of a notary.)
Please note: As per the instructions on the cover page, you are required to provide a notarized copy of a passport or identity card with photo, notarization of all signatures to authenticate the 8 or 9 pages you will be submitting and a notarized utility bill as proof of resident address for each person listed as a Beneficial Owner.
Print out the completed form using Adobe Reader. You will send MIG the original copy of this form and the supporting documents listed on the cover page.

Step 2 - Download the Limited Power of Attorney form Click here to download the LPOA form

This is a single page document that grants SolomonFX authority to execute trades on your personal account.
Fill our your name at the top of the page. (You may omit the account number information since one has not been given to you yet.)
At the bottom of the form you will need to enter you signature, location and date of where and when you completed the form.
Print out the completed form using Adobe Reader. You will send MIG the original copy of this form.

Step 3 - Download the Permanent Instruction to Calculate and Pay Fees (PICPF) form Click here to download the PICPF form

This is a single page document that authorizes MIG Bank to calculate and withdraw the monthly Performance and Maintenance Fees from your account.
Fill our your name at the top of the page. (You may omit the account number information since one has not been given to you yet.)
At the bottom of the form you will need to enter you signature, location and date of where and when you completed the form.
Print out the completed form using Adobe Reader. You will send MIG the original copy of this form.

Step 4 - Send in your paperwork to MIG Bank

Using a reliable overnight carrier (e.g. UPS, FedEx etc.), send all forms from Steps 1-3 and supporting documents to MIG Bank.

MIG Bank - Attention Joyce Cheng

14, rte des Gouttes d'Or

CH-2008 Neuchâtel, Switzerland

You will also receive instructions in this email of how to fund your account.

Step 5 - Let us know you have completed your MIG application

Send a short email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it to let us know that you have completed and sent in the MIG application.
We can then followup on your behalf with MIG Bank.

Step 6 - Download a copy of the SolomonFX Trading Agreement Click here to download the SolomonFX Trading Agreement

This 5 page document is a formal agreement between you and SolomonFX that details our role and your acknowledgement of the risks associated with electronic trading of the foreign exchange.
Print out the entire document using Adobe Reader and fill in the information requested on pages 4 and 5. (Be sure to include signatures from Joint Account Holders if applicable.)
Once you have completed the Agreement please send a copy to us using either of the three methods; FAX, email or registered mail.

Step 7 - Let us know you have completed your SolomonFX Trading Agreement

Send a short email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it to let us know that you have completed and sent in the SolomonFX Agreement.

Click here to download the MIG MT4 Trading Station

Once you have downloaded the platform click on File>Login and you will be prompted with a window requesting your login information that you received from MIG. You will only need to enter the information once. By using the "Trade" and "Account History" tabs at the bottom in the Terminal window you will see live and closed trades on your account. By Right-Clicking on the Account History you can create a report of the activity on your account. This is the fastest and most accurate method of keeping track of the activity on your account. Please note that some older computers or slower internet connections (i.e. dial-up) may not be capable of running the software and updating the streaming information. Please be sure that your computer is capable of high speed internet access if you plan to use the platform.

The 7 Steps to Open a Corporate Account

Step 1 - Download the Corporate Bank Account Application form Click here to download the Corporate Account Application

This is a 27 page PDF document that details the agreement made between you and MIG Bank. Please review the entire document before signing and submitting any of its pages.
You are only required to return pages 1 through 7 to MIG Bank. If you choose not to contribute to UNICEF you are only required to return pages 1 through 6.
MIG requests that all information be entered by way of the computer. Please note that after you enter your information, you will not be permitted to save a copy of the form with your information; it will only save a copy of the form without your information. Therefore, please be sure to enter the required information in one sitting and print it out once your are finished.
Be sure to answer all required fields. These are identified with an " * ".
You will need to enter you signature, location and date of where and when you completed the application on the appropriate pages. (Wait to sign in front of a notary.)
Please note: As per the instructions on the cover page, you are required to provide a notarized copy of a passport or identity card with photo, notarization of signatures authenticating the 6 or 7 pages and a notarized utility bill as proof of residential address for each person signing this application. In addition, you must submit original or notarized copies of all supporting documentation for you company.
Print out the completed form. You will be sending MIG the original copy of your application and the supporting documents listed on the cover page.

Step 2 - Download the Limited Power of Attorney form Click here to download the LPOA form

This is a single page document that grants SolomonFX authority to execute trades on your personal account.
Fill our your name at the top of the page. (You may omit the account number information since one has not been given to you yet.)
At the bottom of the form you will need to enter you signature, location and date of where and when you completed the form.
Print out the completed form. You will be sending MIG the original copy of this form.

Step 3 - Download the Permanent Instruction to Calculate and Pay Fees (PICPF) form Click here to download the PICPF form

This is a single page document that authorizes MIG Bank to calculate and withdraw the monthly Performance and Maintenance Fees from your account.
Fill our your name at the top of the page. (You may omit the account number information since one has not been given to you yet.)
At the bottom of the form you will need to enter you signature, location and date of where and when you completed the form.
Print out the completed form. You will be sending MIG the original copy of this form.

Step 4 - Send in your paperwork to MIG Bank

Using a reliable overnight carrier (e.g. UPS, FedEx etc.), send all forms from Steps 1-3 and supporting documents to MIG Bank.

MIG Bank - Attention Joyce Cheng

14, rte des Gouttes d'Or
CH-2008 Neuchâtel, Switzerland

You will also receive instructions in this email of how to fund your account.

Step 5 - Let us know you have completed your MIG application

Send a short email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it to let us know that you have completed and sent in the MIG application.
We can then followup on your behalf with MIG Bank.

Step 6 - Download a copy of the SolomonFX Trading Agreement Click here to download the SolomonFX Agreement

This 5 page document is a formal agreement between you and SolomonFX that details our role and your acknowledgement of the risks associated with electronic trading of the foreign exchange.
Print out the entire document and fill in the information requested on pages 4 and 5. (Be sure to include signatures from Joint Account Holders if applicable.)
Once you have completed the Agreement please send a copy to us using either of the three methods; FAX, email or registered mail.

Step 7 - Let us know you have completed your SolomonFX Trading Agreement

Send a short email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it to let us know that you have completed and sent in the SolomonFX Agreement.

Click here to download a copy of the MIG MT4 Trading Station Once you have downloaded the platform, click on File Login and you will be prompted with a window requesting your login information that you received from MIG. You will only need to enter the information once. By using the "Trade" and "Account History" tabs at the bottom in the Terminal window you will see live and closed trades on your account. By Right-Clicking on the Account History you can create a report of the activity on your account. This is the fastest and most accurate method of keeping track of the activity on your account. Please be aware that some older computers or slower internet connections (i.e. dial-up) may not be capable of running the software and updating the streaming information. Please be sure that your computer is capable of high speed internet access if you plan to use the platform.

referral

SolomonFX offers its Millennium Advantage clients a solid incentive for referrals. As a client, if you refer our Mananged Accounts programs to a friend or family member who becomes a client you will receive a referral fee proportional to their deposit and monthly performance. There is no maximum number of referrals, so you can refer your brother; your mom's friend and your cousin's 15 nephews and receive a referral payment for each of their accounts! What makes this program even better is that you continue to receive the payment as long as your referral maintains their deposit with us.

For more information on how you can receive the benefits of our referral program please contact Gerald Sharpe by email This e-mail address is being protected from spambots. You need JavaScript enabled to view it . We look forward to meeting your referrals!

Here's How It Works

Let's calculate how this would work for a referral depositing only $50,000.

Referral fees begin after the first full month of deposit, so assuming the $50k is deposited on the 1st of the month you would be eligible for the fee at the end of the first month. Your payment will be 5% of the months performance applied to the deposited monies.

Referral Fee = 5% x Month % Gain x Total Deposits

Let's say that in the first month the account made 8%.

Referral Fee = .05 x .08 x $50,000 = $200!

Assuming the perforance continues; in a year you would have made $2400 just for referring one client to us! And if your referral were to double their deposited funds later on your referral fee would double!