Thread: Managed Forex accounts-good results.

any further news on when potential new agents can view a website or enroll?

Thanks.

Originally Posted by in3worlds

any further news on when potential new agents can view a website or enroll?

Thanks.

Nothing yet my friend. The message on the FusionATS website states that all current members will receive log-in information for their new site between July 6th and 9th.

This new site/back office is supposed to have actual application forms that new agents will sign.

As soon as I hear that the doors are open, I will send a message out to my list and post here in ROL Club so keep watching your inbox as it shouldn't be too much longer.

Cheers,

scotty

Hey folks,

I wanted to pass along some exciting information regarding the Fusion ATS program.

They are about to launch under a new name ( Infinity Trade Group ) and have made some changes to their existing plans along with adding a very valuable new service.

Going forward any client wanting to open an account in their own name with either Interbankfx or MB Trading will be required to fund it with at least $10,000.

However...

They have introduced an alternative called the "Infinity Account" which can initially be funded with as little as $1,000. This fund will be managed by BOTH the trader at IBFX and the trader at MB, as well as 2 firms from Switzerland ( the Swiss traders normally have minimum account requirements of $500,000 ).

So from what I understand, you can have these 4 firms each managing an equal portion of your account for as little as a $1,000 initial deposit.

I'll keep you posted as I hear more informaiton.

Cheers,

scotty

I went up to the site and read the terms. So, it looks like if you want to test drive the 4 traders via the Infinity account, that account is not in your name. It must be a pooled fund of some sort. The infinity account holder will have an infinity online login to see end of day balances, not realtime as with a personal, $10K account.

I look forward to more information being presented. However, I wonder why the customer agreement has so many grammatical and spelling errors. Are these terms written by an attorney? And if not, why not. I'm not trying to nag, but I do believe in professional presentation, especially when you are talking about such large amounts of people's money.

In any event, looking forward to more info about the infinity account and the two newly mentioned swiss firms and their details.

Thanks for the update, Scotty. I noticed you didn't mention anything on the agent option; however, if it is still in the works, do you know of whether or not they have raised the $500 entry now that they've raised the regular client account to $10,000?

Best regards,

Thelema

Originally Posted by in3worlds

I went up to the site and read the terms. So, it looks like if you want to test drive the 4 traders via the Infinity account, that account is not in your name. It must be a pooled fund of some sort. The infinity account holder will have an infinity online login to see end of day balances, not realtime as with a personal, $10K account.

I look forward to more information being presented. However, I wonder why the customer agreement has so many grammatical and spelling errors. Are these terms written by an attorney? And if not, why not. I'm not trying to nag, but I do believe in professional presentation, especially when you are talking about such large amounts of people's money.

In any event, looking forward to more info about the infinity account and the two newly mentioned swiss firms and their details.

I agree with you in3worlds...anyone who has received correspondence from Jason Sincyr ( Fusion's CEO ) can attest that grammar is not his forte lol.

My guess is that the bulk of the agreement was drafted by their attorney with Jason amending certain sections. For instance, "section 2" pertaining to the customer accounts was obviously written by Jason.

In the past, these mistakes have eventually been corrected but we have to keep in mind that they still haven't officially released this website. I'm still waiting for an email telling me that it's ready as finding it was really just an accident.

Hopefully this will be fixed before they go public.

Take care,

scotty

Originally Posted by Thelema

Thanks for the update, Scotty. I noticed you didn't mention anything on the agent option; however, if it is still in the works, do you know of whether or not they have raised the $500 entry now that they've raised the regular client account to $10,000?

Best regards,

Thelema

Hey Thelema,

The last I heard, the cost to become an agent was still going to be $499. My guess is that they will take on 1000 more agent positions but we should be confirmation of that very soon.

Cheers,

scotty

From what I hear it should be ready by Monday with the programmers working overtime this weekend to get it ready.

I don't know that it is actually functional. At this point I don't know if the "sign-up" form is just for an agent or if it's for clients as well but there's no harm in someone trying it out ( please report back here with the results ). Again you'll find the link in my signature below.

I just signed up as an Agent, there were no other options available.

Really I wanted to sign-up as a Client but will have to wait.

Important update…

Hey folks,

Since Friday I have heard several different versions of what is in store for Fusion ATS. While all the stories were very positive, only one ( or a combination of all ) could be true.

Thankfully I managed to connect with Jason Sincyr ( Fusion’s CEO ) this afternoon and I will give you what I know straight from the boss himself.

First of all, the name Fusion ATS is officially done…going forward the company will now be known as Infinity Trading Group.

They are about to launch the “Infinity Fund” which will basically give us access to all of their traders without requiring us to come up with the minimums for each broker. The process to open an account in this pool will be much less onerous and WILL be available to those who live in areas considered “restricted” by some of the brokers ie. ALL of Canada will now have some options outside of the IBFX platform.

The minimum funding amount for the Infinity Fund will be $1,000 and will initially be open to AGENTS only. The cost to become an agent will be $499 through Paypal.

The fund will eventually accept "investor only" accounts but Jason said that he wants agents to experience results first and really feel good about their business before introducing clients.

As has always been his method, he wants the foundation to be solid before adding the next layer. He figures it will be another 2 to 3 months before they open the fund to investors and at that time he figures the minimums will be raised to $3,000.

The option is still available to open accounts in your own name with either Interbankfx or MB Trading but the minimums are $10,000 and again this is currently only available to agents. Investors will have to wait the 2 – 3 months to take part.

So to recap…

If you join Infinity Trading Group as an agent your cost will be $499 ( this is a one-time fee…not annual ). You will then be able to deposit into the Infinity Fund starting with a minimum of $1,000. You’re looking at a total “out of pocket” of $1,499.

If you would rather join as an “investor only”, you will have to wait another few months to participte in the fund. The minimum deposit for the Infinity Fund will be $3,000 at the time it is opened to investors.

I actually came across a conference call with Jason Sincyr that anyone considering this opportunity should definitely listen to. http://www.webtrafficguy.com/forex/indexaudio.htm

It was recorded back in May so some of the information is dated but he does make reference to the “hedge fund coming in a couple of months” which is in fact the Infinity Fund.

He gives a great idea of where this company is heading and if he accomplishes even 10% of what he expects to, this will be a huge success. He does a very nice job of outlining the benefits of the agent opportunity…most people make the mistake of comparing an “agency” to MLM. The reality is that, as an agent, you could not tell a single person about this program and still potentially generate a very nice long-term residual income because of the company wide profit sharing that EVERY agent will take part in regardless of referrals.

I know that those of you looking to just become clients may be disappointed in this news but I take it at as a very good sign when a company owner does NOT want to rush money into his program. Anything good is worth waiting for.



Take care,

scotty