FEES AND EXPENSES
The monthly calculation period is typically from the first to the last calendar day of each month, at the open and close times as per the Broker server time. Upon signing the Trading Power, clients will authorise and direct EQUITI – DIVISA UK to deduct from the client’s accounts the amount of all agreed fees and pay those to Chelton Capital on a monthly basis.
Equiti – Divisa UK will automatically deduct all applicable fees from clients’ accounts when due.
There will be no management fee charges nor there will be charges to our clients for the opening of the account.
Chelton Capital will, unless otherwise specified, bear its own administrative, legal, audit and any other administrative fees or expenses. These fees are not passed on to the Client.
The payment of Performance Fees for “earnings on account” is charged monthly based on the net earnings achieved on the client account. It represents 30% of monthly High Water Mark profits also known as net earnings.
High Water Mark (HWM)
Chelton Capital programme applies the High Water Mark (HWM) principle, by means of which Performance Fees are only payable on net accumulated earnings. The breakeven point which dictates every subsequent “High Water Mark” level equates to the original amount deposited in the account minus the Monthly Performance Fee being paid. The Monthly Performance Fee will not be paid unless the account Net Equity is above its prior HWM value net of performance fees paid.
Performance Fee Notice
Considering that the Performance Fee is payable monthly, some Performance Fees may be paid to Pairstech Capital Management during a fiscal year even though the managed account sustains a net trading loss in that same fiscal year. All fees paid will be retained by Pairstech even if the portfolio experience subsequent trading losses.
Chelton Capital does not charge any Performance Fee remuneration corresponding to the services provided during those months in which there are losses. In addition, any losses are carried forward to the next month until it has been offset by new net capital earnings.
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Risk Disclosure: Trading the financial markets on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to open a trading account, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading financial instruments, and seek advice from an independent financial advisor if you have any doubts. Read more
Copyright © 2018 Chelton Capital. All rights reserved.
Chelton Capital Limited (FCA FRN 820628) is an appointed representative-introducer of Pairstech Capital Management LLP (FCA FRN 477155) which is authorised and regulated by the Financial Conduct Authority (FCA). Chelton Capital Limited is registered in England and Wales under No: 11493173.