For those who have been trading FX and CFDs for a few years have been able to achieve a smooth equity curve year on year, becoming a forex money manager and doing the same thing for other people is an option you may want to consider.

Here are the top 3 benefits of making the transition from a forex trader to a forex money manager and starting your own fund:

1. You can legally charge fees and commission

The compensation for a fund manager usually consists of a management fee and a performance fee, which is a share of the profits. A management fee of 1% and a performance fee of 20% is well within industry standards around the world. On top of that of course, fund managers also stand to take profit on the capital they have invested in the fund for themselves.

2. You can set up your fund offshore

Given that private funds are not permitted to publicly advertise their services in most top tier jurisdictions, it’s normally the case that investors (usually family members, friends, colleagues, and business associates) know the fund manager at a personal level and are therefore may not be overly concerned with where the fund is located. This provides fund managers the option to base their funds in primary offshore financial centres such as the British Virgin Islands and Cayman Islands should they wish to do so.

3. You get to do what you’re good at while others benefit from your talent too

If you have the skills, experience and track record as a forex trader, setting up your own fund is an ideal mechanism to pool the resources of a small group of investors in a way that is efficient, legal, and professional. This allows you to trade your own money along with the money of those who want to benefit from your expertise, and if you turn out to be great fund manager, that can be a rewarding experience indeed.

The benefits of becoming a money manager with ACY Partners

Named as Australia’s number 1 partner program in 2020, the ACY Forex Money Manager program is a bespoke partner solution tailored to suit your trading requirements and help you start your business.

Here are some of the key benefits in partnering with ACY Partners as a fund manager:

• Bespoke solutions designed to accelerate your business growth.
• Free licence to MetaFX MAM and PAMM accounts (MT4 & MT5)
• 16 allocation methods
• Tailored fee structures
• Seamless real-time reporting
• Free Limited Power of Attorney
• Cutting-edge back office support
• VVIP Experience for Australian Fund Managers
• Behind you every step of the way

If you would like to find out more about becoming a forex money manager and starting your own business, reach out to us on [email protected] to start a conversation.