Open an OANDA FXTrade account (if you don't have one already).
OANDA is a respected and established player in the forex market, and is a trusted source for forex rates. It has provided online currency exchange information since 1996 and forex trading services since 2001.
OANDA is registered in the state of Delaware. It is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA ID #0325821).
As at August 31, 2008, OANDA had more than USD $150 million in excess regulatory capital, which was more than ten times the required regulated capital.
OANDA maintains all customer funds strictly separate from its operational funds in accounts at highly reputable banks such as JPMorgan Chase, Citibank, UBS, Deutsche Bank, and the Royal Bank of Canada. Funds are withdrawn from these accounts only as a direct result of customers' trading-related activities or withdrawal requests.
Click here and follow the instructions to register and log in to FXManager.
Place funds in your FXTrade account.
OANDA must receive funds before you can allocate them to your manager. Funding options include wire, check, money order, or PayPal.
For details, go to deposit funds.
Provide a completed Power of Attorney (POA).
OANDA must receive a completed Power of Attorney (POA) from you. Download POA form
You will not be able to allocate your funds until this document is processed by OANDA. You and MundoForex will receive an email letting you know when this process is complete.
The account number is your 4-digit managed account number. You can find this number by logging on to FXManager.
Email the completed POA form to accountid@oanda.com.
Allocate your funds
After OANDA receives the POA and your funds are placed in your FXTrade account, you can allocate your funds to MundoForex.
Using the Cash Management System, transfer funds from your principal FXTrade account to the "MA Unalloc bal" sub-account. Log in to FXManager.
Next, you need to allocate the funds. In FXManager, select Account > Allocate Funds.