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IRA Information
If you would like to trade your IRA funds using the IPAM Managed FX Systems, this can easily be accomplished. However, you will need to set up a new self-directed IRA that can be traded in the Forex market.
Although there are very few trust companies that allow the trading of IRA accounts in the Forex market, we have found that Millennium Trust Company has the ability to serve your needs in this regard. They will help you in the set up process and then act as "Custodian" of your account at the brokerage where your account will be traded, just like any other type of account.
Instructions for trading your IRA using IPAM Managed FX Systems
Set up new IRA Account at Millennium Trust:
- 1) Go to www.mtrustcompany.com
- 2) Select "Account Forms" tab at top of page
- 3) Select "Self-Directed IRA's"
- 4) Follow instructions to set up and fund your new IRA account
After your new IRA account is set up at Millennium Trust:
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1) Follow instructions at Get Started to download forms and complete required information to set up an account.
- 2) Then send those completed forms to Millennium Trust, NOT directly to the brokerage
Note: All forms for setting up your Custodial Account must come directly from the Trust Company to the brokerage, not from you.
- 3) Millennium Trust will send your forms and funds to the brokerage and open a trading account for you as your IRA Custodian
- 4) You will be notified via e-mail that the account is open and receive your online login information directly from the brokerage
- 5) Fully automated trading of your Custodial IRA account will begin using the IPAM Managed FX System of your choice
If you have questions about the set up process, please contact Millennium Trust directly at: 1-800-932-0053 or via e-mail at fcmsupport@mtrustcompany.com and ask for New Accounts.
Note: Your Custodial IRA trading account will be traded exactly like every other type of account we manage. All information on the website is relevant to Custodial IRA accounts just the same as other forms of trading accounts.
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