How much of the stated returns go to parties other than the investing client? I have seen fees for traders and intermediaries mentioned. Just wondering when/how those fees are paid.
None of that goes to others. Please confirm this when you see the contract, but normally the return quoted is NET to the client. That is the normal protocol when quoting returns. Platforms nearly always quote client returns as “net”. Fees and...What is a “tear sheet” program? What does that mean?
It means that the client can leave his money where it is presently, as long as it is an acceptable bank, without having to move one’s capital to a different bank. Therefore this is considered to be the number one most desirable and appealing arrangement for...If I enroll in a tear sheet program, it is my understanding I maintain control of the funds in my account at all times. I theoretically could pull them out, but if I do, then I would likely be kicked out of the program. Is this a correct understanding?
Yes, perfectly stated. You would not only be terminated from the program, but you would also be blacklisted throughout the entire industry and most likely never again permitted to enter any platform anywhere. They keep a shared database of such information. They...What is a “Bullet Program”? I saw one described as a 10 Day Bullet with a 100% Net to client. Perhaps you could explain this further.
“Bullet” is so called because it moves fast and ends within a short period; as distinguished from most other platform programs which stay open for months and have typically 40-week terms or 1-year terms with 40 banking weeks. Bullets with tear sheet...
