Getting Started
Forex Global Solutions, Ltd.. will direct you to open an account at a specific Forex broker. FGS works with the world's top Forex brokers. This will be your account and you open them directly. The accounts are classified as LPOA or limited power of attorney accounts. This means that FGS can only trade your accounts. The only person who can withdraw funds from your accounts is you the client . This is a very important feature: you deal directly with the broker.
Fees and Related Costs
25% Performance Fee
2% Per Annum Management Fee
High Watermark Policy
Performance fees are based on a new high watermark for any month that is charged.
For example, a client may deposit $50,000 and the profit commission is 25%. At the end of the first month the account balance is $52,000. First months profit for FGS is $500.00 (25% of $2000=$500). $50,000 is the high watermark. $500 is debited from the clients account in favor of FGS. The next month the beginning balance becomes $51,500 and this becomes the new high watermark. At the end of the second month the ending balance on the account is $49,000 .No performance fee is debited from the account as the high watermark remains $51,500. This example is assuming that the client made no new deposits which would increase the high watermark or any withdrawals which would lower the high watermark.
The broker where the account is traded is compensated on each trade through the spread between the bid/ask prices.
The high watermark policy is for each product. For example a client puts money in four separate products that FGS offers. At the end of the month 3 are profitable and one has a loss. The three that are profitable will be subject to performance fees. The one account with a loss will not be subject to performance fees until that loss is recovered