1. Open an account at IB Interactive Brokers 2. Pay the desired investment capital on this account. 3. Send a contract to Torsten Danielsson, Sales or call +45 5380 1133. 4. Assign Fidem as your advisor to IB. 5. Billing is done by IB every 3 month. 6. You can cancel the agreement at any time without notice. 7. You have full controll over your account.
The commission is based on the profit (High Watermark). The first 7% profit are without commission. Above the 7% you get 70% of the profit. Besides this commission, the IB transaction fees and tax there are no additional fees.
Your production funds are initialized by CATSys after being assigned as advisor. The orders are created automatically by the optimizer every n seconds. The API runs 7 by 24 using realtime data from IB.