It looks like some one hacked my mails and have access to my accounts and have tried to do lot of damage, i have now changed my passwords and trying to do some damage control, i would like to comment on Luxuris Commodities
Luxuris Commodities is purely a money manager company which manages the investors fund in the PAMM structure. The client opens the account with the Broker nominated by Luxuris and transfers the funds to the broker. The fund is in segregated accounts and the client has full access to the trading and its money.
Luxuris charges the clients a performance fee based on high water mark. The clients are free to withdraw their capital at any point of time. The segregated account with the regulated broker means that the client funds is safe and is always held under the client’s name.
Luxuris has no access to these funds and cannot withdraw these funds, the client signs an LPOA authorizing Luxuris to trade these funds on behalf of the clients.
The KYC and other account opening documents are held with the broker, Luxuris acts as an Introducing broker to the Broker and only trades the fund on behalf of the clients
I hope this clears all the doubts and confusions created
Luxuris Commodities is purely a money manager company which manages the investors fund in the PAMM structure. The client opens the account with the Broker nominated by Luxuris and transfers the funds to the broker. The fund is in segregated accounts and the client has full access to the trading and its money.
Luxuris charges the clients a performance fee based on high water mark. The clients are free to withdraw their capital at any point of time. The segregated account with the regulated broker means that the client funds is safe and is always held under the client’s name.
Luxuris has no access to these funds and cannot withdraw these funds, the client signs an LPOA authorizing Luxuris to trade these funds on behalf of the clients.
The KYC and other account opening documents are held with the broker, Luxuris acts as an Introducing broker to the Broker and only trades the fund on behalf of the clients
I hope this clears all the doubts and confusions created