Trader Fees*

You may receive a trading fee monthly. You may also receive a quarterly performance fee based on the performance of your trading system.

All fee payments are discretionary. we reserve the right to amend the fee payments or allocation method at any time, at our sole discretion.

In accordance with clause 9.1 of the Joint Collaboration Agreement, trading and performance fees will be paid to you as and when fees are received on a monthly basis.

We offer two distinct product ranges within the managed currency portfolio: Individual managed accounts and offshore funds. Both products are actively traded through our dedicated team of global traders.

Each trader on the live team is applied an allocation of funds to their system and will have a pro rata share of the total pool of funds. For example, if the total funds under management are £50million and you are allocated 5% of the total pool of funds, you will be trading on £2.5million of client funds. You will be informed, usually by email, if you have been added to, or removed from the live team, although not what your allocation % or amount will be.

The fees payable to each trader will be based on the net dealing fees received by us after any other additional costs that may be borne from time to time have been paid, including, but not limited to dealing costs, payments to introducers and counterparties, and any future taxation rules changing.

10% of the monthly net dealing fees received will be allocated for distribution amongst live team traders.

The trading fee shall be 40% of those fees, and will be distributed monthly to traders. This will be paid proportionately to traders who were trading on the live panel during each week of the month. If you traded on the live panel for 2 of the 4 weeks in a month you will be eligible for 2 'shares' of the allocation amount.

The remaining 60% will be reserved and paid as the performance fee at the end of the quarter to profitable traders, proportionate to the profit that has been accumulated over the quarter. More profitable traders over the whole quarter will be paid a higher proportion.

If you post a negative performance for the whole quarter, no performance fee payment will be made to you, and your system will be required to make up those losses prior to becoming eligible for any future performance fee payments.