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ActiveTrade and Signal Provider commission

Discussion in 'Scam Alerts' started by consul, Apr 6, 2011.

  1. consul

    consul Recruit

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    Would like some take on this. My signal provider is recommending I switch my brokerage a/c to ActivTrade (UK) so I can establish an Interbank a/c and they can trade directly on my a/c without me running a VPS for my MetaTrader 4 platform as I do now. But my signal provider also states and I quotE:

    "We will charge 40% of your profit. It’s a broker requirement, and we have to charge this. "

    I cannot get my head around the statement "it's a broker requirement",

    The percentage of commission aside, as that varies, usually I think 30% on profits for a managed a/c or thereabouts, but that is not the issue. Is there something I am missing why they state it is a "broker" requirement - what has a broker got to do with setting down the law so to speak with what the provider charges me ? Know doubt the broker is getting something back , but is this the norm is such situations ?
     

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