Getting Started
Open Your Trading Account Today
Forex Global Solutions, Inc. will direct you to open two accounts at a specific Forex broker. FGS works with the world's top Forex brokers. These will be your accounts 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
Performance Fee: 25% of trading profit
High watermark policy Management Fee: $0
Minimum Investment: $10,000.00
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
WARNING: Trading in the Foreign Exchange market involves a significant and substantial risk of loss and may not be suitable for everyone. You should carefully consider whether trading is suitable for you in light of your age, income, personal circumstances, trading knowledge, and financial resources. Only true discretionary income should be used for trading in the Foreign Exchange market. Any opinion, market analysis or other information of any kind contained in this website is subject to change at any time. Nothing in this website should be construed as a solicitation to trade in the Foreign Exchange market. If you are considering trading in the Foreign Exchange market, make sure you understand how the spot market operates before you trade .