Hello all.
I live in Australia and I want to know if it is legal for me to manage a fund for my parents. I want to use fxmanager at OANDA, but when I was reading the frequently asked questions i noticed this one
Q. What certification do I need to have?
Managers should refer to their national or regional regulatory body to determine whether certification or registration is required to trade or manage client funds in their jurisdiction.
As I have mentioned, it is just for my parents and I will not be looking for any other clients. And before you warn me, yes they are totally aware of the risks and it is a very small percentage of their totall worth and money they are completely willing to lose. It is however quite a large sum, we are not just talking a few thousand dollars here.
Cheers all
I live in Australia and I want to know if it is legal for me to manage a fund for my parents. I want to use fxmanager at OANDA, but when I was reading the frequently asked questions i noticed this one
Q. What certification do I need to have?
Managers should refer to their national or regional regulatory body to determine whether certification or registration is required to trade or manage client funds in their jurisdiction.
As I have mentioned, it is just for my parents and I will not be looking for any other clients. And before you warn me, yes they are totally aware of the risks and it is a very small percentage of their totall worth and money they are completely willing to lose. It is however quite a large sum, we are not just talking a few thousand dollars here.
Cheers all