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Q. Is there a management fee?
No there is only a performance fee, which is purely based on results.
Q. What is a High Water Mark (HWM)?
A High Water Mark, is a common approach to the calculation of incentive fees. It means that incentive fees are paid only on any new profit that is made. This ensures that it is fair to the client as we can only receive a performance fee only when the account value exceeds its previous high.
Example of HWM:
You start with $10,000 in an account with a performance fee of 33%, and during the month there is $1,000 gross profit. The performance fee deducted would be 33% of $1,000, which is $330, so your net profit would be $670 and your account would now have a "watermark" new balance of $10,670 If in the next month there was a loss of $100, there would be no performance fee deducted, since there is no profit, and your new balance would be $10,570. Your "watermark" is still $10,670 so there will be no performance fee deductions until you get past your current "watermark".
Q. How safe are my funds?
With a managed account your funds are held by you and only you in your account. You do not send us funds at any point. You are protected as you have complete control of your funds with a regulated Broker. You are the only person that have access to your money and the only person who can withdraw those funds.
Q. I am in control of my own account?
You are the one in total control of your account. For example you can withdraw your funds at any time without penalty or stop trading at any point if you don’t like what you see. This puts you in control of your investment.
Q. Are there any lock-in periods?
There are absolutely no lock-in periods or penalties for withdrawing your funds. You can withdraw your funds the day after you funds your account if you so choose and you will not be charged. We want to be fair, ethical and transparent to our clients at all times and want our clients to feel confident to continue with us based on our results rather than locking them in to a contract.
Q. What is an LPOA?
The LPOA stands for limited power of attorney. Basically it’s the paperwork that you need to sign that comes from the brokerage and once signed allows us to trade your account securely via the master account.
Q. What are the next steps if I want to go ahead?
The first step would be to fill in your details on the Open an account page and choose one of our partner. You can fill yourself the online application or we can do it for you by filling the form. Whatever your choice, we will guide you through the process to open your account at the brokerage. This is a very simple process of fill out the brokerage online application form and providing them with your proof of address and photo ID. Once your account has been approved you will be sent the LPOA form to sign. You can then funds your account and as soon as you have fundsed your account then live management will start. This can all be achieved within a day.
Q. Is there strict money management?
Yes, we have ensured that managers have very strict money management and risk control in place.
Q. Does anyone else have access to my funds?
No you are the only one with access to withdraw your funds.
Q. How do I stop my account from being managed?
If you want to stop then you would simply contact the Broker and ask him to revoke your LPOA.
Q. What currency is the account traded in?
Now we have arranged for 3 master accounts to be set up in different currencies. You can either funds in GBP, EURO or USD.
Q. What is the minimum investment?
The minimum investment is $1,000 or its equivalent in the currency concerned.