FREQUENTLY ASKED QUESTIONS

What is the process to invest in foreign currency (i.e. FOREX) with my IRA?

Once you have identified a foreign currency provider you would like to work with, you will need to submit a completed and executed Buy Direction Letter – Foreign Currency along with the purchase details of your currency selection.

What fees are associated with investing in foreign currency?

There is a $175 transaction fee to purchase foreign currency within your Self-Directed IRA regardless of the value of the currency purchased.  A detailed overview of all account fees can be found on the Fee Schedule.

How long will it take to complete the foreign currency purchase?

Once Vantage has received the Buy Direction Letter and it’s in good order, your purchase request will be completed within 3 business days. You can expect to receive an email confirmation once your request has been processed.