NB: This is a gateway to Dukascopy
Swiss Bank Forex brokerage, and an explanation of the account opening
process. It is NOT a solicitation to open a managed or any other type of
(You will be redirected to Dukascopy)
For a managed account, all funds provided by the client are held by
Dukascopy Swiss Bank
. The money manager, Ethical HFT, has no access to
these funds other than for trading. The broker, Dukascopy, calculates
and pays all profit share, commission and management fee amounts and
remits them to the money manager as appropriate on a monthly basis.
Clients can limit or completely stop trading at the touch of a button.
Funds can be withdrawn with complete ease at any time.
Profit share is calculated by Dukascopy on the High Water Mark
principle. This means that no profit sharing can take place in any month
unless the account is at a higher level of equity than it had been at
the end of the previously highest month.
It works as in the "High Water Mark calculation illustration" below.
Our Account Manager code for
opening a Dukascopy managed account is:
You open your External Live Managed Account with Dukascopy, not with
Ethical HFT. You must confirm that you agree with the terms, which are
20% profit share, 2% annual management fee and US$50 commission for
every $1 million traded. Please quote our External Money Manager code,
which is: BACC77. To open an account with Dukascopy that is linked to
our managed trading account you should go to the Dukascopy account
opening page by hitting the "Live managed account" button above.
Dukascopy will assist you and will also carry out the necessary
regulatory compliance checking. As you proceed with the account opening
steps you will be asked to specify that your new account is an
externally managed account. You should indicate that it is, and input
the code: BACC77. This code will allow Dukascopy to link your account to
our managed trading account. Dukascopy ensures that you have full
control of your account at all times, and that we only have access to it
for trading purposes.
If you wish to sign up for a demo managed account, please press the
"Demo managed account" button.
Ethical HFT is
the managed trading account arm of
OmicronFX Ltd, whose
principals are Ronan
Harbison and Seamus McKenna <MORE>
open a managed account
, we send you
a copy of our book.
Then, as you monitor the
real-time performance of your managed account, which is traded using our
algorithmic, high frequency routines, you can see the forces that move
the Forex market, the importance of timing and discipline, the effects
of such things as support and resistance, and the impact of fundamental
You can also just sit back and observe the performance of the equity in