For a while now I have been asked if I can trade on behalf of other people and up till now I haven’t been able to. However, I am just working on a copy trading system whereby you can set up an account with my broker, and your account will automatically follow all my trades. The beauty of doing it this way is that you remain in control of the money in your account at all times and are free to withdraw/close the account at any time. The “fund” will be fully FCA registered and will be completely automated in terms of following the trades that I do.
The fund will be focussed purely on the FTSE but if there is demand then I may expand it to other instruments. I am aiming to put the trade plan trades through this fund, as well as any other FTSE trades that look like they will yield decent returns.
The amount deposited in the account is up to you, though there is a £5000 minimum investment. The stake sizes your account will do will reflect your risk set up and account balance. The more you put in the bigger size stake you will get (subject to leverage, risk profile and the stake size that I do for the trade.)
You will get a statement emailed to you each day for the trades from that day with full P&L.
Fees
There is no set up fee or annual management charge.
There is a 25% Performance fee charged monthly.
The performance fee is subject to a “high watermark”, meaning that it only gets charged for incrementally positive returns. For example, if your account gains 15% in a particular month (the fee is charged monthly) from say £10,000 to £11,500 then the fee is charged on the £1500 rise, 25% being £375. If the account value then fell by say 20% to £9,200 the next quarter, there would be no performance fees charged until the account value was once again above the £11,500 level – the previous high watermark level.
If you are interested in this service please enter your details below and then click the link on the confirmation email, and I will be in touch when the service launches.
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