I have no idea. Ideally the audit should be done by a top accountancy firm eg Delloite etc. So it wont be cheap.
True. A real trading record is a lot more believable than a paper trading record for investors. Backtesting a system and trading it day to day are two totally different things.
Joe. You are fully correct. I DO NOT have a record worthy of consideration. Im just starting out. My weekly system only just went live a few weeks ago. But something to consider FOR THE FUTURE.
No offense but economies of scale are a HUGE issue too. Its wonderful if you can trade in a retail environment using 25 or 50 or even 100k of your own capital. Thats a far far cry from providing return on any significant capital and dealing with legal, tax, regulatory and accounting issues. Not to mention you'll have virtually NO contacts in the field, a retail brokerage is not a contact. Retail brokerage is not sending you info on order flow in the products you will trade and they're not working orders for you to other houses. Even though you hear alot about hedge funds being "unregulated" there is a ton of legal work you need to have done to set one up and there are all kinds of tax strategies you need to learn. You'll also face regulatory issues with the SEC or CFTC. You'd have to set up a deal with clearing and your new clearing firm will also have regulatory issues for you to comply with. Its nice to have a track record with your own capital its a whole different ball game to start something else. A blog is not a verified track record. It is however a nice tool to show what you might be able to do and how you handled situations but its not a track record.