The management arrangement means that you, as a customer, have an account with the forex broker Axi and that we at Chelton manage your capital there.
Axi
Axi is the main party responsible for you as a customer, and you have your account and money with them. They are the ones who provide all the accounting. They have excellent transparency with a real-time overview of the performance of your investment. Every evening, they send you a Daily Confirmation, which contains detailed information on all transactions made on the account during the day. This way, you can follow the progress yourself. Everything is compiled in a monthly statement and saved on your client portal (My Pages) at Axi. These also form your basis for the declaration.
Chelton
When you sign a management agreement with us at Chelton, you give us the task of managing the money you have in your account with Axi, so that it follows the trading strategy Currency Sigma.
Once the application documents to Axi and Chelton have been approved and you have transferred your premium, we will link your account (Client Account) with ours (Managing Account). The positions we buy/sell on our account are copied to yours. They will be executed at the same time, so you will get the same result on your account as we get on ours.
Withdrawals
There are no lock-in periods or deposit and withdrawal fees. In the case of buybacks, the liquidity of the investment is absolute and immediate.
You easily make buybacks on your Client Portal with a regular account transfer.
For the trade to be executed properly, there needs to be at least EUR 10 000 in the account.
In case of a full repurchase, please let us know so that we can disconnect the link between our accounts.
Please send an email to us at tradingdesk@cheltonwealth.se.