FAQs
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Frequently Asked Questions
What is a managed account and how do I apply for an account?
A managed account is a type of investment account in which an investment manager, in this case, London & Eastern LLP, makes trading decisions on behalf of the account holder. To apply for a managed account, you will need to visit the Brookestone Capital website and follow the outlined steps.
How can I make money on a managed account?
You can make money on a managed account by earning profits from the trading decisions made by the investment manager. The profits are generated by successful trades made in the forex and/or crypto markets, as well as indices and CFDs.
What is forex?
Forex, or foreign exchange, is the largest financial market in the world where currencies are traded. It is a decentralized market where individuals, banks, and corporations exchange currencies with one another based on their respective values.
What is crypto?
Crypto refers to digital or virtual currencies that use cryptography to secure and verify transactions as well as to control the creation of new units. Examples of cryptocurrencies include Bitcoin, Ethereum, and Litecoin.
What are indices?
Indices refer to a statistical measure of the changes in a portfolio of stocks representing a portion of the overall market. Examples of indices include the S&P 500, NASDAQ, and Dow Jones Industrial Average.
What are CFDs?
CFDs, or contracts for difference, are financial derivatives that allow traders to speculate on the price movements of assets without owning the underlying assets themselves. CFDs are popular among traders due to their flexibility, leverage, and ability to trade on both rising and falling markets.
What is leverage?
Leverage is a tool that traders use to amplify their trading positions by borrowing funds from their broker.
How do I profit from participating in managed accounts?
You can profit from participating in managed accounts by earning the ‘lion’ share of the profits generated by successful trades made by the investment manager.
What are the fees?
Brookestone Capital charges a performance fee of 30% on profits generated, based on a high-water mark. There are no other fees associated with the managed accounts.
Are my funds secure?
Yes, your funds are secure. Brookestone Capital does not hold client funds directly. Instead, client funds are held in segregated accounts at regulated brokers where clients open their trading accounts.
What is the FCA?
The FCA or Financial Conduct Authority is the UK regulatory body responsible for overseeing financial markets and firms. Brookestone Capital has entered a Signal Providing Agreement with FCA-regulated firm London & Eastern LLP, trading as Pelican.
What is Pelican?
Pelican is a trading name of FCA-regulated firm London & Eastern LLP, with whom Brookestone Capital has entered a Signal Providing Agreement.
What is Vantage FX?
Vantage FX is one of the regulated brokers with whom Brookestone Capital has an partnership agreement. Clients can open trading accounts with Vantage FX and deposit funds by clicking here.
What is GIPS?
GIPS or Global Investment Performance Standards is a set of ethical standards for calculating and presenting investment performance. Brookestone Capital adheres to these standards.
Are the strategies audited?
Yes, the investment strategies provided by Brookestone Capital are independently audited. Audited reports are available upon request by contacting us.
What is the risk?
As with any investment, there is a risk of loss. The level of risk depends on the investment strategy chosen by the client, which can range from conservative (10% maximum loss on initial investment) to aggressive (30% maximum loss).
Can I double my money?
There is no guarantee that you will double your money. The returns generated by the investment strategies provided by Brookestone Capital can vary and are dependent on market conditions. Past performance is not a guarantee of future results.
Are the returns guaranteed?
No, the returns generated by the investment strategies provided by Brookestone Capital are not guaranteed.
What is a high water mark?
A high-water mark is a point in time that represents the highest value that an investment account has reached. Performance fees are charged based on profits generated above this high-water mark.
What is an LPOA?
An LPOA (Limited Power of Attorney) is a legal document that grants the broker or the asset manager the authority to manage the account on behalf of the client. In the case of a managed account, clients will have to sign an LPOA allowing London & Eastern LLP to make trades on their behalf.
What is a PAMM?
A PAMM (Percentage Allocation Management Module) is a type of managed account where the profits and losses are allocated among investors based on their share of the total investment. It allows investors to pool their resources and invest in a managed account with a larger capital base, potentially increasing their returns.
Can I compound my returns?
Yes, compounding is allowed in the managed accounts offered by Brookestone Capital. Clients can choose to reinvest their profits back into the account, potentially increasing their returns over time.
What is the minimum I can invest?
The minimum investment amount varies depending on the managed account program. Typically, the minimum investment amount is £500 or its equivalent in other currencies.
How do I know this isn’t a scam?
Brookestone Capital is a legitimate and reputable company that operates under an agreement with FCA regulated firm London & Eastern LLP. Our investment strategies are independently audited, and most accounts' performances are verified through the popular website www.myfxbook.com. Additionally, clients have full ownership of their trading accounts and can always withdraw their funds if they choose so without any particular restriction. We work with regulated partners and our managed accounts have a history of success.
Who owns the account?
The client owns the account, and London & Eastern LLP only has the authority to make trades on their behalf based on the LPOA agreement.
How can I monitor the performance?
Clients can monitor the performance of their managed account through various means, including monthly performance reports, daily account statements and real time access to their trading account directly through their account login.
How often can I withdraw my funds?
Withdrawal policies vary depending on the broker used by the client. Typically, clients can make withdrawals at any time, subject to the broker's policies and procedures. We ask for 72 hours notice for withdrawal to ensure open positions can be closed accordingly.
How do I withdraw?
To make a withdrawal, clients need to submit a withdrawal request online with the broker. Upon opening an account you will receive a client portal login, you can request withdrawal of all or some of your funds through the client portal. The funds will be returned to the client's nominated bank account, card or cryptocurrency wallet.
Are there any withdrawal fees?
Withdrawal fees vary depending on the broker used by the client. Typically, there may be fees associated with bank transfers or currency conversions.
How long does the investment last?
The duration of the investment can be entirely defined by the investor. Typically, clients can choose to invest for the long term or opt for a shorter-term investment strategy. However, there is no specific lock-up period to allow for maximum flexibility and to suit our clients’ specific needs.
Are my funds liquid?
Clients have full ownership of their trading accounts and can always withdraw their funds if they choose to.
Which broker do you use?
Brookestone Capital recommends Vantage Markets, on of the biggest and more reliable regulated FX brokers. However, clients can also choose to use their existing broker account if it is compatible with the LPOA agreement.
Can I use my existing broker account?
Clients can use their existing broker account if it is compatible with the LPOA agreement and meets the requirements set by Brookestone Capital.
How do I get involved?
To open an account with Brookestone Capital, please follow this link and select which strategy you would like applied to your account. Once the application has been submitted, our team will get in touch with you to discuss the next steps.