What fees are charged by Managed Forex Accounts or High Peak Financial?
There are three types of fees that are charged with a typical Managed Forex Account. These three types are: 1. An annual Administration Fee that is often 2-3% of account balance calculated monthly or daily. High Peak Financial does not charge this type of fee; 2. An increased pip spread charged to the investor to enter and exit the market, which can be from 0.5 to 3 pips per contract (this fee is charged even on losing trades). High Peak Financial does not charge this type of fee; and 3. A performance fee which is a percentage of profit that is paid to the Managed Forex Account manager(s)/trader(s). High Peak Financial, LLC’s recommended Managed Forex Account at Boston Trade & Research LLC charges 20%. This performance fee is only charged on new gains. If a loss occurs, this loss must be recovered before new profit sharing takes place. High Peak Financial, LLC is paid a percentage of this performance fee by the Broker/Dealer associated with your account. No performance fee is collected
