HOW IT WORK ------------------------------------------ Step 1 - Open a Forex trading account in your own name. You will need to provide proof of ID & address plus sign a LPOA. Account approval normally takes 4 - 6 hours.
Step 2 - Wire your money over to your trading account.
Step 3 – Start trading. You will be electronically connected to the trade team’s master account and trading will commence. This means every time a trade is taken by the trade team you receive the exact same duplicate trade in your personal account.
LPOA stands for limited power of attorney. This instructs the brokerage to pay the monthly performance fee of 35% to the trading team on any new profit High Water Mark and it allows your account to be connected to the master account. The money traded always remains in your account. At the end of the month the broker will calculate the profit that is made by the trading agent and then debit your account with 35% of that amount. You will clearly see the performance fee withdrawal amount in your viewable trading terminal. Performance Fee As is common with most investment funds of this type, Suisse Room charge clients solely based upon the performance of the trading account. This means that if the investor does not see an increase in his investment, then Suisse Room will not profit either. Suisse Room will retain a Performance Fee of 35% – ie. a 35% share of the profits earned on the investment, subject to a 'high watermark' (as defined below).
High Watermark Calculation The implementation of a 'high watermark' means that Suisse Room will only receive a Performance Fee when the value of a client's investment is greater than its previous greatest value. Should the value of the investment subsequently drop in value then Suisse Room will only receive a Performance Fee again once the value of the investment has once again reached it's greatest value.
Let us look at an example to illustrate how this works:
January 1, 2012 - Client invests $100,000
February 1, 2012 - Investment has increased to $105,000 Value: $105,000 Profit: $5,000 Performance Fee: $1,250 (25% of $5,000) Closing balance: $103,750
March 1, 2012 - Investment has decreased to $103,000 Value: $103,000 Loss: $750 Performance Fee: $0 Closing balance: $103,000
April 1, 2012 - Investment has increased to $104,750 Value: $104,750 Profit: $1,750 Performance Fee: $0 NOTE: No Performance Fee is charged because the 'High Watermark' of $105,000 has not been reached - as this is the highest value that the client's investment reached. Closing balance: $104,750
May 1, 2012 - Investment has increased to $107,000 Value: $107,000 Profit: $2,250 Performance Fee: $500 (25% of $2,000) NOTE: The performance fee is only charged on the profit in excess of the 'High Watermark', ie $105,000.
For more than 11 years our strategy gives us great satisfaction and performance major. Our trading room wanted to share in May 2009, our operations through the provision of managed accounts through primary international brokers, who day after day who believed in us to the point of providing a complete customer support team available to us. This synergy complete a level of excellence of our service not only to earn money, but the customer support at 360 °. So we want to thank our partners for their help and support that has made us even more successful.
forexma posted: I meant the equity DDs, substantial equity DDs. I believe 30-40% equity DDs are not acceptable for asset management, and yes - it's a martingale - BIG PROBLEM.
Answer really obvious and predictable. I think that the best response to your observation is as follows: 'Who knows how to make money, makes them, who can not make money, teaches ....' ...with sympathy, of course ... 😉
A large trading and good wishes and happy new year.