 |
What are the costs?
All the costs are;
- Purchase of the StrategyBot software (one time only and no further monthly fees or monthly. Go to Estore to check latest pricing). StrategyBot costs US$995 one time buy or US$99 per month.
- Your Initial Investment deposited at the bank (shall be greater than the minimum requested by the Clearing House/Broker that you use for trading).
- Rent (optional) monthly of Fully Automated Strategies. Strategies are rented per Group Name at US$49 per month for up to 60 Strategies in 20 Contracts. There are 10 Group Names available for a total of up to 600 Strategies. This is not an exhaustive quantity of Strategies since many more are being developed.
- Activation fee. Each Group Name of Strategies carries a “one time fee only” of US19.95 for activation.
- Margin cost of the traded Contract (credited back upon closing the trade) (slightly varies from one Broker to the next)
- Processing fees of each trade depending on the Contract traded (varies as per the Clearing House/Broker that you use).
As initial investment, you may start with any amount ranging from the minimal margin amount among all Futures Contracts that you wish to trade but higher than the minimum required by your broker, and up to your capabilities and willingness.
Upon weeks or months of use, you may increase your investment by renting more strategies upon the return on investment of your previous trading. First, follow the procedure in paragraph “Steps to Start ”.
Then based on the amount of your investment and your risk appetite, you need to select how many and which “Group Name of Strategies”. Up to 10 are available. Please visit “eStore : Product Pricing” on our website to get the latest offering.
3 Examples below
Example 1:
The lowest monthly fee – Buy StrategyBot one time fee and Rent One Group Name of Strategies
| Initial cost |
|
Buy StrategyBot software in full one time
investment for EuroFx as an example
rent one Group Name of up to 60 Strategies
activation fee
Total
|
US$995
US$3,240
US$49
US$19.95
US$4,303.95 |
| |
|
| Subsequent monthly costs |
|
rent one Group of 3 Strategies
Total
|
US$49
US$49 |
Example 2:
The lowest initial cost of entry – Rent StrategyBot monthly and rent One Group Name of Strategies
| Initial cost |
|
Rent StrategyBot software monthly
investment for EuroFx as an example
rent one “Group Name of Strategies” with up to 60 Strategies
activation fee for one Group Name
Total
|
US$99
US$3,240
US$49
US$19.95
US$3,407.95 |
| |
|
| Subsequent monthly costs |
|
Rent StrategyBot software monthly
Rent one Group of 3 Strategies
Total
|
US$99
US$49
US$148 |
Example 3: You select 3 “Group Names of Strategies” A,B,C to be run in 2 Contracts Y & Z.
- Group Names A and B in Contract Y (margin of US$3,240)
- Group Name C in Contract Z (margin is US$4,000)
Group Names A, B and C each include up to 60 Strategies each at a rental cost per Group Name of US$49. Due to Margin Costs, your investment needs at least to be 2 * US$3,240 + 1 * US$4,000 = US$10,480.
| Initial cost |
|
Buy StrategyBot software in full one time
investment due to Margin amounts of 2*C1 + C2 Contracts
rent 3 Group Names of up to 60 Strategies each (US$49 each)
activation fee (US$19.95 per Group Name)
|
US$995
US$10,480
US$147
US$59.85 |
| Total |
US$11,681.85 |
| |
|
| Subsequent monthly costs |
|
| rent 3 Group Names of Strategies |
US$147 |
| Total |
US$147 |
Note : Margin costs are determined by the Exchanges and subject to change periodically.
|
|
