Michael
Be clear about your expenses.
Let me begin by saying I am a seasoned investor and understood fully the risks involved in futures trading, but I wanted to test the waters. In hindsight, I should have better understood the expenses involved and want to point them out to others considering investing. There is the licensing buy-in of $15K, which can be used for an unlimited number of accounts and is lifetime. There is an account maintenance fee of $895, which I thought was a one time fee, but is actually MONTHLY. Each individually named account is also charged the $895 monthly. Then there are the broker commissions for every trade made. Also, be careful of the rates of returns. Some are "annual" and some are "cumulative since inception" so interpret carefully. The monthly maintenance fees have since been changed/lowered and probably can be negotiated and the team was helpful in offering to switch to different programs. I only invested $250K but with the fees I would have needed to see a return of 5% just to break even and that's not considering the $15K license money. Surely if you choose a program that generates a huge return and can invest enough capital, you do well. Over a span of 18 months or so, I went through 3 different moderate risk algorithms and ended up down about $100K. I recently withdrew my funds. The company was nice and helpful, but just be clear about the expenses you are taking on when you sign up. Happy investing.



