Allocate Funds

Completion checklist for "STEP 1: Register Oanda"

  • Activated your Oanda account
  • Submitted ID Confirmation to Oanda Corporation
  • Registered Rove 1 and Rove 2 accounts with Rove Capital
  • Submitted LPOA forms to Oanda Corporation
  • Funded your Oanda account

If you have completed all the above steps, please scroll down to ALLOCATE FUNDS.
If you were instructed to skip STEP 1, please continue with the immediate instructions below.


Account Details*
Base Currency: USD
Minimum Investment: USD 10,000
Initial Charge: 0%
Management Fee: 0%
Performance Fee: 25%
Manager: Rove Capital

*As at 30 June 2008

Registering Rove Capital

  • download this Limited Power of Attorney form: www.rovecapital.com/img/file/rovecapital_poa.pdf
  • print 2 copies of this form, and ignore the Power of Attorney instructions provided by the following registration links
  • we will use two accounts to trade your funds with more flexibility
  • register the first account - login with invitation 1 URL: Rove 1
  • register the second account - login with invitation 2 URL: Rove 2

Submit Limited Power of Attorney Agreement

*Email our support if you find this step confusing. We are here to help!

  • Log in to FXManager
  • make note of the 4-digit Account IDs for accounts Rove 1 and Rove 2 from the accounts table
  • Using the downloaded LPOA forms, fill in the "Account" field with your 4-digit account ID for Rove 1, and then repeat for Rove 2
  • when you complete both LPOA forms, fax or email to Oanda Corporation.
  • OANDA Fax: +1.212.208.4356 or Email: accountid@oanda.com.

NOTE: Limited Power of Attorney makes it legal for Rove Capital to trade money allocated from your account. Money is not transferred to Rove Capital, nor does Rove Capital have any access to your funds. This is a strict agreement that only allows Rove Capital to trade your account on your behalf.


ALLOCATE FUNDS

You will receive a confirmation email from OANDA when your Limited Power of Attorney forms have been verified. Please wait to receive this email, then follow the instructions below to allocate your funds with Rove Capital.

Transferring Funds

  • log in at Cash Management System
  • transfer funds from your primary FXTrade account to the "MA Unalloc bal" sub-account.

Allocating to Rove Capital (Final Step)

  • Log in to FXManager
  • click Rove 1 from top table so its highlighted, then select from top menu: Account > Allocate Funds
  • NOTE: When entering dollar amount please round down to an even figure. For example if you have $10,005 to allocate, you should allocate $5,000 to Rove 1, and $5,000 to Rove 2, and NOT $5,002.50 to both. This will make the allocation process smoother.
  • enter the amount that is half of what you plan to allocate to Rove Capital , then click submit
  • click Rove 2 from top table so its highlighted, then select from top menu: Account > Allocate Funds
  • enter the amount that is the other half of your allocation funds, then click submit
  • Your allocation requests appear in the Allocations tab. Rove Capital must accept this request before the account balance will change in your Accounts Summary.

Congratulations! You're done!

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