Last message was posted long time ago, so things look little different now. Typical fees for CTA program are management fee and incentive (off profit) fee. It is common that at the start CTA offers "zero deal" i.e. incentive fee only. Once your performance record grows you progressively turn into typical fee structure.
I'm happy with IB's FA accounts. One small wish... The subaccount market data fees get charged to the master account. I wish there was the ability to allocate these back to the subaccount. Because you can't transfer funds from a subaccount to a master account we have to do a circuitous reimbursement outside of IB. Good trading, Aaron Schindler Schindler Trading
I use them for multiple clients on a professional basis, meaning no friends and family account. The only downside is opening a sub-account. Count on it taking about 2 months. IB is overswamped and they do quite a few checks for the legality of the money. Outside of that, brilliant...
Hi, Aaron: Welcome back. According to http://www.iasg.com Schindler Trading UP 40.71% year to end of September, 2009. This is outstanding. Congratulations, Aaron.
Thanks, 88! It's funny how it took a 43% gain in '09 to make back the 30% loss of '08! I'll be happy not to have a repeat of '08 anytime soon.
Aaron re mkt data just wondering y not have the sub a/c 's unsub from mkt data ? after all ur/master's the only one taking the decisions
Because IB simply requires a master account to be funded with at least minimal dollars to cover any subscription fees for subaccounts. They own the sandbox and can make the rules as they see fit. I suspect their reasoning is that they don't want to deal with having to collect subscription fees from every account, but only from the master account holder.