Thank you very much indeed to all who’ve contacted us after yesterday’s registration email.
I thought it might save a bit of time if I answered some of the more frequently asked questions here, but by all means feel free to contact us directly with any individual questions you may have.
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Q1. “What are my chances of being added to the FXWW Select platform?”. If you can show a consistently profitable performance record, using a consistent strategy, and you have no skeletons hidden in your trading closet, then I would say the chances are pretty good.
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Q2. “What does a ‘good’ performance record look like?”. For a riskier type of prop trader, the ability to make annual profits of 30-60% using moderate leverage. For a more conservative money manager type, the ability to manage their drawdown profile and deliver solid returns (5-15%) on low leverage .
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Q3. “Who are the typical investors and how much will they invest?”. The allocations start from $100k and to be perfectly serious, the upside is only limited by the trader’s strategy and their nerve! The investor profiles range from hedge funds through to high net worth investors, from fund-of-funds through financial adviser groups.
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Q4. “Why do I have to pay an annual registration fee of $100?” To try and eliminate as many time wasters as we can!
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Q5. “Is a demo track record acceptable?” NO
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Q6. “How long can it take to be added to the FXWW Select platform?”. If you are an ex-institutional trader with a verifiable track record and strong references, you will be added immediately. If you are a self-funded trader with an impressive performance record, in the region of 3 months. If you are a self-funded trader with a limited performance history, you can presume that it will take at least 6-12 months (but don’t be discouraged, everyone needs to start somewhere and sometime).
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Good luck to all.