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[Chameleon_X]

Hello!

I was thinking about starting a fund (fx and/or stocks) in UK or Switzerland
but it's hard to find relevant info on the Internet about this subject.
Can anyone give me some pointers, please?

[cmarketbulltren]

Originally Posted by Chameleon_X

Hello!

I was thinking about starting a fund (fx and/or stocks) in UK or Switzerland
but it's hard to find relevant info on the Internet about this subject.
Can anyone give me some pointers, please?

why do you want to start fund in switzerland was the problem with tax

you need not pay capitial gain tax but you need you get appoved by swisszertland goverment

for more information contact me to : ssvenkateshb@yahoo.com

[cmarketbulltren]

Originally Posted by Chameleon_X

Hello!

I was thinking about starting a fund (fx and/or stocks) in UK or Switzerland
but it's hard to find relevant info on the Internet about this subject.
Can anyone give me some pointers, please?

why do you want to start fund in switzerland was the problem with tax

you need not pay capitial gain tax but you need you get appoved by swisszertland goverment

for more information contact me to : ssvenkateshb@yahoo.com

[Chameleon_X]

No, this is not a way to avoid taxes...
I want to start up a fund for clients to invest in.
And I want to do it the right way. Serious business NOT another
“get-rich-quick-scheme”.

If you (the reader of this thread) got any useful information
that you think might help then pleas post it in here.
Don't PM me, don’t ICQ me or anything else...

So tired of all those people contacting me about there "help"
and not telling me what they can help me with. Most of those
people that contacted me I recognised as con artists or other
type of characters that I don't want to be associated with!

If you got any thing to say please post it in this thread.

[cmarketbulltren]

hello

thank you for ur responce

i have friend in swisstizerland if you want i can give you his email

that man is ZDY who has own comapny there over there that man worked for several banks

but i want to get some help from you that is please give information about centre of gravity indicator that is full details or tell where can i found them

thanking you

ssvenkateshb@yahoo.com

[Chameleon_X]

By the way... this is a project that I won’t start sooner then autumn 2006.
Until then I just do some research before I contact any lawyers, advisors etc.

cmarketbulltren:
You can start your own thread about that.
There was a man that know everything about gravity...
his name was Einstein Just kidding... I will get back
when I have some useful information about that indicator
until then you may start your own thread about that.

[cmarketbulltren]

please tell me if you know about that indicator

give some good trading styles

looking to hear from you

you see this everything is programed try to find out weak points than we can make lot of pips see i will tell you one point for this which explains see the rates with different brokers when market opens , next see the opening session of europe the market raises by 4 est so tell me if you know tricks like this share the infromation you have with me change the way you look market you will know different language called market language

my email ssvenkateshb@yahoo.com

[Chameleon_X]

I will share some of the information I got so far.
Because I've got a EU-citizenship I decided to
go for the England/UK approach, it's easier that way.

Information about starting a company in UK
(for management and advertisement etc. etc.)
go to www.companieshouse.gov.uk

The company needs to be authorised by the FSA.
More info on this at www.fsa.gov.uk

[pretorian]

www.fsa.gov.uk is great place to start as you wrote.The main thing you have to convince FSA is that you are able to hold clients money

[Chameleon_X]

Originally Posted by pretorian

www.fsa.gov.uk is great place to start as you wrote.The main thing you have to convince FSA is that you are able to hold clients money

Yes I agree.
Thank you, pretorian!

[ReSpEcT]

Hi, i am from Athens, Greece, and i' ve also thought of establishing a money management company somewhere in the world (!!! ??? ) , especially in the UK, but i seem to encounter several difficulties. First of all, i personally or my company must be FSA approved (licensed) and regulated, which, itself contains a big deal of effort and time to be done, (the company must have two C.T.A's), must be audited several times a year etc so u must be having an accountant, a manager who is British etc.. all this is not worth the effort and certainly cannot be sustained for the first year where your profits will not probably equal your costs.So, you or any two other CTA people you know or will hire, must have the series 3 licence (Commodity Futures Advisor) in order to form the company to be FSA approved. Then, you apply to the FSA by paying approximately 1500 pounds, regardless if you take the FSA authorisation or NOT. That is very vaguely the whole story.. An offshore company would cost you far less but would injure your business "profile" a bit...(Delaware, Belize.. etc) Pls answer if you have any feedback to offer .

P.S my main subject is spot FX...angd i am now styding for the series 3 exam (i will take it in London, during March) in order to be accepted (as a money management company) in a decent brokerage house, somewhere in UK or US...i also forgot to tell you that for the funds may be you must become a CPO (commodities pool operator) but still you wil have to register to NFA (National Futures Association) too during the next two years in order to be an original CTA. The thing is how PROFESSIONAL you like to be!

[Chameleon_X]

Hello, ReSpEcT!
I really appreciate your contribution to this thread!

I’ve considered the “offshore-road” and as you said it would injure the business profile.
It’s more expensive to start-up in the UK (then offshore) but I think it will pay off in the long run.
One thing that I would like to add is that if the person that wants to start
this kind of business venture can’t come up with profits (from past trading)
large enough to pay for all the licences/authorisations etc. then maybe that
person is not yet ready for this kind of endeavour.
And if not ready it doesn’t matter if it’s UK or Offshore.

Btw… my FX-trading is quite poor right now but I managed
to survive three years in this market so far.
Currency trading is only a small part of my total investment-portfolio.
Most of the action comes from the stock market.
If I where to start-up a fund I would find a partner that
could take care of the FX-trading if I don’t excel in that field until then.

I wish you my very best on your series 3 exam, good luck!

[ReSpEcT]

Thanx a lot, i will need it ! ( i am now reading about lean hogs and pork bellies futures contracts, lol !, where the hell are these damn currencies?? )

[7thSignalTrader]

Why build a fund?

Why not build a private bank to gain direct access to the system (at least on some currency pairs – certainly all EUR and USD based currencies), become the private fund manager chief, and trade the banks private funds with virtual anonymity.

No client services issues and headaches
No client reporting and/or data warehouse requirements (smaller IT requirements)
No brick and mortar maintenance either physically or financially (a virtual private bank)
No worries about client funds protection (sleep well at night)
No fiduciary responsibility other than to the source entity/bank itself (grow at your own pace)

I mean the list of benefits goes on forever. I thought about starting a fund, but then realized that the big question was “why”. I mean, I can already out-trade most fund managers on the planet, because I have the “freedom” to be much more aggressive than any of them ever will. I have technology that I’ve developed specifically for the Forex, whereas many fund managers who trade the Forex also trade other markets because they need to show their clients that they are being diverse – even those with niche’s in the currency markets will be forced to show some kind of diversity.

Heck, I’ve traded the EURUSD for years – alone! I know the EURUSD like I know the back of my hand, but that came from spending so much time with it. Will a customer understand that? Or, will their mindset cause them to think that they are being “locked-in” to a single currency pair, or a small basket of pairs?

I’ve done a lot of homework on this issue, dropped it about a year ago, and just recently brought it up again with my Wife a couple of weeks ago, only to drop it for the final time recently. No fund is in our future, but a private bank will be. Many of the same benefits, none of the same headaches. My trading system generates all the revenue that I will ever need for my other life long projects, so using OPM (other peoples’ money) is not necessary.

I mean, just stop and think about it for a moment. The average top fund world wide produces for its clients about 18% to 24% per year in net returns. Now, just contemplate that for a moment. Above a certain Cost Basis per trade, I generate between a low of 20% per trade to a high of nearly 60% per trade currently more than 93% of the time. Sometimes as much as 97% - 98% of the time consistently. At 20 trading days per month, using the lowest net return per trade of 20%, that equates to approximately 4,800% per year aggregate.

When I realized this, I could not see myself as anyone’s fund manager – lol. Just the thought of it now makes me laugh when I know what is possible privately. No need for client funds, at all. Just managing a private portfolio of position trades, swing trades and day trades.

Unless, just helping people grow their net worth is something that one loves to do. If you are good at trading the Forex, then why a fund?

Cheers!

[franz2]

I cannot agree more! I have been managing an fx fund until recently when I decided not to make life more complicated than it needs to be. I worked out that I needed 30 pips per day on my private equity trades to produce the same revenue as I have working for other people. And this without financial regulators, audits, depositary banks, fund directors that are coming from other areas and are not understanding forex, and so on.
A succesful trader will never play other people's money, unless he has an ego problem (Soros & co) and does it not for money but for power. Good luck and good health to them!