If you can provide Money Manager services in accordance with the regulations in your jurisdiction, please contact us through email at Partners@NSFX.com to discuss your business requirements and we will seek to find the right solution for you.
Do I or my company need to be regulated to become a registered Money Manager with NSFX?
You Might be required to be regulated by your local financial services authority in order to be able to offer Money Manager services in your country. It is your responsibility to check this information before applying to take part in the Money Manager Program.
What Commission or /and fee can I charge my client?
The fee and/or commission you will charge your client will be what you agree between you and your client. The system will allow you to calculate and process this automatically.
How does NSFX pay fees and/or commission?
After you have signed up the counter in your account will show the earned commission which will be paid top your account every ( by you )chosen time interval.
Can NSFX accommodate the payment and calculations of the fees I charge for managing accounts?
Yes, if you are a registered Money Manager with NSFX we will process the fees periodically and they are paid to your Agent account in accordance with the terms agreed between you and your client.
How long does it take to open an Agent account?
It depends on how quickly you can provide us with the required supporting documents. On average the process takes a couple of days. Once the documents have been submitted, we will aim to contact you within 24 hours. If you do not get a reply within three working days, please send an email to Partners@NSFX.com.
No. The LPOA (Limited Power of Attorney) agreement gives you the right to trade on a client's account but not to withdraw funds. However, if your client gives you his consent, you can submit the withdrawal form on behalf of the client and once processed the withdrawn funds will be sent to the client's bank account.
Who is responsible for collecting the client's documents and for opening the accounts?
Your client is responsible for providing the required documents for opening their NSFX Trader account. However, as their Money Manager you can choose to assist your clients by sending these documents on their behalf to us for processing.
Will my client have access to their trading account under my management?
Yes, your clients will have access to their trading account(s). Whenever required, NSFX can provide an investor password which will enable your client to have full read-only access to the account.
Can my client trade on the account when I am trading?
No, any account that is designated as a "sub" account cannot trade on that account. If a client wishes to self-trade he/she can open up a separate account.
Can I be an IB and a Money Manager?
Yes, you can receive commission on your own trading activity for your clients.
I can't find the answer I'm looking for here...
Please e-mail partners@NSFX.com with your detailed question.
