FXWW News

FXWW Select: More FAQs

I will try to respond individually to all those who have contacted us. In the meantime, here are some answers to more FAQs.

………………………………………………………………………………………

Q7. What size of personal account is considered ‘relevant’? Like everything else, it depends. I would suggest that $5-10k minimum account sizes with usual leverage usage of 5:1-10:1 and occasional managed increases to 30:1-50:1 is acceptable if the risk is managed. Investors want traders who can take controlled market bets but can dial it back when required.

……………………………………………………………………………………….

Q8. How much will I be paid when I get my first allocation? Early-stage traders will not receive a management fee and can expect terms like 0&25, so 0% management fee and 25% of fresh profits, on either a monthly or quarterly basis. Established traders can charge a hedge fund like fee structure, with 2&20 being the usual model.

……………………………………………………………………………………….

Q9. How does FXWW get paid? We act as an agent or a 3rd party marketer if you like. We earn a standard 20% of all fees we generate.

……………………………………………………………………………………………

Q10. Do I need a license? Anything which will add to your credibility is a distinct advantage. Licensing or further relevant education always helps. If you are unlicensed, as most start-up traders are, we will organise suitable regulatory cover.