Well for case as such, better create some EA thing to manage client account.
Such as rent a signal EA, where after you install the EA, it will do exactly what the Expert Trader do.
Setup a homepage, providing EA leasing service, and charge by percentage of net profit monthly.
As such of business service, you can have all the customer from the world without boundary.
What about the setup of PAMM account ? Is this kind of FX Manager service and need to register as business ad regulated ?
So now I'm very confusing, that are we discussing the small group of personal private FX manager or the big company of FX Investment firm.
Just like are you a not a graduated teacher, can you give private tuition to student ? Or you must go under some Tuition Center or open a Tuition Center by yourself.
Can you be prosecute if you give internet tuition to student from all over the world without license ? You are unregister teacher in China, so the student in US complain your ethics of practice. So NFA or CFTC can do anything about it ?
Well if tuition teacher and FX manager are the same category of similar case.
I think is much easy for the newbie to understand, that NFA/CFTC is just some nice Certificate hanging at the Tuition Center Firm and got nothing to do with the unregister private teacher.
Information is Gold when come to organised.