Hi, would anyone with more knowledge on this topic give me some advice. I have now been trading full time for 4 years, the first two years were spent training in an institution.
I now feel i am ready to move on and start trading client accounts while also offering a signaling service to other individuals. I have signed my systems up to Collective2 so that potential cleints can see my actual trades without fear that i am a con artist.
However; what is my legal position to offer these services in the U.K? I know that in the U.S an individaul can trade up to 20 futures accounts without being registered with the appropriate regulatory body. I also mainly trade FX and i also know this is unregulated in the U.S, is this also the case in the U.K?
I really believe i am now in a position to offer third parties a good service as i trade fully automated algorithmic systems, so trading client accounts should not have an impact on my trading success.
Thanks in anticipation!
Charlie
I now feel i am ready to move on and start trading client accounts while also offering a signaling service to other individuals. I have signed my systems up to Collective2 so that potential cleints can see my actual trades without fear that i am a con artist.
However; what is my legal position to offer these services in the U.K? I know that in the U.S an individaul can trade up to 20 futures accounts without being registered with the appropriate regulatory body. I also mainly trade FX and i also know this is unregulated in the U.S, is this also the case in the U.K?
I really believe i am now in a position to offer third parties a good service as i trade fully automated algorithmic systems, so trading client accounts should not have an impact on my trading success.
Thanks in anticipation!
Charlie