Hi everyone, hopefully, someone can provide a bit of input here. I live in the UK and as you probably already know, we are regulated by the FCA. If I wanted to employ a trader to manually execute my trading plan/strategy, using money that I would front and in return reward the trader with either a salary or commission based on performance, how might I go about that? I run a company and am looking to formally employ a trader (with whom I already have a working relationship) to trade with my company resources. Firstly, is it legal in the UK to hire a trader? Would there be any specific legal requirements as to the qualifications or suitability of the trader? Would there be any legal barriers regarding the trader? Are you aware of any resources that I might read to ensure I am above board? Any assistance would be appreciated. Thank you
Hi Robert, thanks for the response. Presumably that would also include CFDs and futures contracts on the DOW, NASDAQ and S&P? Or are you specifically excluding those in your response? The markets that I would be trading normally would be FX and Equity Indices (futures) from US and Europe.
That is because we do not offer CFD or forex. We do offer future’s but not in the same account as securities.