profit system review February 4, 2008
Forex System that have profit in yearly basis in total capital. See their review in these link.
Keyword Legends
Open since:The earliest date know to be exist.
To Open trade account: Minumum to open a manage trade account with them.
fund manage at:Where the fund manage at.What firm is our fund currently at.Is it under our name.
Setup Fees:Fee for setup the manage trading account.
Management Fee:some company have management fee which deduct from your account.
Withdrawal Fee:Fee when you try to withdrawl your money.
Withdraw:can you withdrawl anytime any date?
Early Withdrawal Penalties :If withdrawl your money will there be a penalties like no interest.
Fee:The % of money that the company get when there a profit in your account.
High Water Mark:The company will only receive fees, when its value of investment is greater than its previous greatest value . Should the investment drop in value then the manager must bring it back above the previous greatest value before they can receive any fees again.
Hypotheticals trade result:assumptions trade not real trade.
Real Trade:Real trading performance.Please do note that most of these performance have not minus the performance fee and the management fee.
Management Fee can be very very costly.1000000 usd account in term of a 2% management fee per month is over 24% in a year.which is over 240000 USD.240KUSD if compound in a year with a 50% profit could be a losses of 360K USD.
Company with no High Water Mark: If the client have loss 30% in the previous month(meaning from 1000usd become 700usd).If this month the company is earning 43% profit.(Which mean 700usd become 1001USD) They DONT take the 25% perfomance fee.Unless the break the previous benchmark of 1000usd, then fee is apply. However if there is no High Water Mark:If a company have -32% in profit last month which mean 1000usd become 680USD.It will took 63% gain for the client to get back to 1000usd.As 680*1.63= 1108.4USD.After minus 107USD the 25% fee in the 428USD profit .it is 1001.3usd
Trading account which is under company name but not client name will have a higher risk of being scam away.As the company could have withdrawl away the capital.Company that are located in philippine and country that have very little law enforcement on these issue on investment.Client have to be very carefully as most scammer are from there, as they can run away with the money without being caught.If you dont know why please check a country policy before you join any program.Country in UK are more protected for investor.
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