Frequently asked questions

For sure - either you are doing out of the goodness of your heart because you want your friend to know about this OR you want to make some commission from your friend OR you have a significant distribution network and would like to know terms for doing so.

Yes to any account in the world. Any costs with relation to currency exchange or TT fees are borne by the IFA and no amounts under $500 will be paid to save administrative costs.

Historically, IFAs have been spoon fed contractual long term, high commission insurance products because it was the only thing around. Latterly, due in part for a number of reasons but mainly regulation, commission disclosure, commission sacrifice, client awareness, technological alternatives, licensing costs, AML/KYC and so on, IFA started looking at alternatives. Firms looked at diversifying into realty, structured notes, passports and more recently loan notes all of which have a high probability of failure or not yielding what the IFA/Client thought it would. Financial advice loses out to financial product because most clients are unwilling to pay or the IFA is not adept. FX is a part of any overall strategy but brings potential rewarding returns without the lock up of capital. It should form part an IFA suitability report and fit comfortably within the risk appetite of the client. An IFA giving financial advice rather than what is vogue this month.

There will be regular updates on the website and in the GlobalIFA LinkedIn page highlighting performance and new product launches. Your clients will have their own online login for their FX portfolio, can check GlobalIFA LinkedIn but best you keep them updated for top ups and referrals to other prospects.

Should you wish to offer this to your clients, you will need the application, suitability report, AML/KYC and details of the draft promissory note. Once the client is happy to proceed, you submit the paperwork to GlobalIFA for onward approval with the FX admin team. Once accepted, they will provide TT details for the client to open their segregated account within Barclays and once the funds reflect, the returns start. They will also be given online login details to monitor the performance of their portfolio and receive updates from the FX manager from time to time. The IFA is then onboarded to include professional credentials, open a commission account showing monthly revolving balance and banking coordinates for the commission payments as instructed.

The income is 0.5% per month based on the initial investment and coupled to the performance of said investment. Based on $100k invested and the last 12-months performance, this would have equated to the equivalent of 9.8%. For illustration purposes, should the performance remain the same for years 2 and 3, the commission would be 32% and 85%. This would be paid direct on a monthly basis to an account of your choosing. While these figures look impressive, had the commission income been reinvested in the same FX strategy, the figures would significantly increase again. For the full commission workings and forecast in XLS, contact us today.

FX is a high risk strategy unless you have the skills and/or management to do it effectively. Solo day traders have to marry themselves to the markets 24/7 and HNW investors deploy FX experts to manage their portfolios. The advent of tech and AI means that small movements in FX prices can be capitalized efficiently and quickly bringing a new advantage to investors in this asset class combined with the expertise of seasoned "human" traders.

Yes. There is a list of the service providers and regulatory bodies in the site. The clients money never comes to GlobalIFA, the FX trader or any other third party other than the custodian which is Barclays (London). For HNW clients with Private Banking facilities, there is a CUSIP/ISIN should they prefer to use this method of investing.

Felix takes 800 data points, most of which are internal forms of technical analysis scanning USD, CAD, EUR, CHF, GBP, JPY, AUD, NZD only. From these data points a signal is generated which is sent to a decision-making box that assesses the strength of the signal and then makes the decision to trade. It trades in a segregated account with Barclays using ATC Brokers ensuring clients assets are ring fenced and Felix has conducted over 132,000 trades so far.

Note to be confused with a Structured or Loan Notes, Promissory Notes are a debt instrument that facilitates investors access to the FX programme. Unlike the aforementioned, this strategy is daily liquid so investors can exit their positions whenever. The full details of the Note will be supplied as part of the onboarding process with all the other suitable documentation.

No. The FX returns listed are net to the client, no other charges involved. The IFA commission revenue is derived from the trading profits that the FX manager creates.

Unlike Structured or Loan Notes where the IFA is a paid a one off % of the capital invested, this is designed on an income basis. The aforementioned Notes typically lock capital up for the client, have dubious regulatory credentials (if any) and offer lack luster performance. This FX strategy not only pays a commission based on the monies invested but also the growth of the portfolio too. Naturally this figure will fluctuate should the client top up, take a redemption and/or close the account altogether. Traditional commission from the one-off hit from illiquid, poor performing and old hat products to an increasing residual commission income stream that also offers clients flexibility and great returns will ultimately enhance referral networks and new business opportunities.