What are the fees involved
The fees incurred depend on your choice of broker. Should you use our reccommended brokers, fixed management fees are waived. We take a commission of 40% on the profit made on your account at the end of the month. If you are using a broker of your own choice, a fee of 10USD will be charged prior to the copytrading, to cover the cost of the copytrading software we use.
What leverage is required?
Our algorithms are designed to trade with high leverage (1:500). However, we are able to adjust our parameters to allow trading with low leverage. In Singapore, Monetary Authority of Singapore(MAS) regulated brokers have a maximum leverage of 1:30. Thus, most of our preferred brokers are regulated in countries that facilitate high leverage trading, ie Australia. Do note that returns(ROI) will be substantially lower when the leverage ratio is reduced.
What returns am I looking with a 1:20 leverage ratio?
Leveraging trades at a ratio of 1:20 would approximately translate to a Return-on-Investment(ROI) of 0.1-0.5% monthly, which averages out to 1.2% to 6% yearly. However, the exact rate of returns can vary significantly depending on the risk profile of the portfolio you select. The general rule of thumb is as follows; The higher the risk portfolio, the greater the ROI, albeit incurring a larger drawdown.
What is a trading algorithm?
A trading algorithmn utilises complex computer softwares to execute trades based on predefined criteria. This approach can help traders take advantage of market opportunities more efficiently and reduce the impact of emotions in influencing trade decisions, ultimately improving the trading outcomes.
Is Cicada Capital regulated?
Disclaimer: Non-Regulated Fund Management Service At Cicada Capital, we prioritize transparency and trust in our relationship with our clients. We want to clarify that Cicada Capital operates as an account management service and is not a regulated fund management entity. Our services are designed to assist clients in managing their financial portfolios with diligence and professionalism. We provide a service that allows individuals to utilise our algorithms on their own brokerage accounts to increase their profitability. We do not have control of our clients funds and are not able to access funds in their brokerage accounts. Despite our non-regulated status, we are committed to upholding the highest standards of integrity and trust. Our team comprises experienced professionals dedicated to providing exceptional service and personalized financial advice tailored to each client's unique needs and goals. Why Trust Cicada Capital? Expertise and Experience: Our team brings a wealth of knowledge and experience in account management, ensuring that your financial portfolio is handled with the utmost care and expertise. Personalized Service: We understand that each client has unique financial goals and circumstances. At Cicada Capital, we offer personalized advice and strategies to help you achieve your specific objectives. Transparency: We believe in clear communication and complete transparency. Our clients are kept fully informed about their investments and the strategies employed in managing their accounts. Client-Centric Approach: Your success is our priority. We are committed to building long-term relationships based on mutual trust and respect. Our approach is always client-centric, focusing on your best interests. Ethical Practices: Integrity and ethical conduct are the cornerstones of our business. We adhere to strict ethical standards to ensure that our clients receive honest and reliable advice. At Cicada Capital, we understand the importance of trust in financial management. While we are not a regulated fund management service, we strive to provide a level of service and professionalism that inspires confidence and peace of mind. Thank you for choosing Cicada Capital. We look forward to partnering with you on your financial journey.
What is a brokerage?
A brokerage company serves as a middleman that connects parties to financial transactions. In the foreign exchange market, a brokerage firm executes orders to buy and sell currencies on behalf of its clients. They act as intermediaries between banks, bringing together buyers and sellers in exchange for a commission paid by either party. Brokerage companies work on a commission basis and do not act on their own account.
What brokers do you recommend?
Recommended: Switch Markets (regulated in Australia, leverage ratio of 1:500 allowed) MAS regulated: Interactive Brokers, CMC Markets, XM,Oanda, Plus500 and many more. Australia: IC Markets, Interactive Brokers, CMC Markets, Plus 500, Blueberry Markets, Switch Markets Please take note that your location at present does not determine which brokers you can use. For example, individuals in Singapore can sign up and use brokers regulated in Australia, even if they are not regulated by the Monetary Authority of Singapore. However, this comes with the risk of a lack of accountability should the broker file for insolvency. As such, we recommend you conduct your due diligence and only deposit your funds in a broker regulated by a trusted regulatory authority.
Can I use my own broker?
Yes. Do contact your dedicated client manager to enquire further. In general, We charge the performance fee upfront will and reimburse any outstanding balance at the end of the month.
Who can I contact if I have any questions?
To get in touch with a representative from Cicada Capital, please fill out the contact form. Alternatively, you can email. For exisiting clients, do contact your dedicated client manager
© Framer Inc. 2023