Costs depend on the strategy’s performance and the transaction fees of the underlying instruments. Here is an overview of all the fees included:

Service fee: This is what we charge you for managing your money. It is an annual fee, deducted quarterly on a pro-rata basis. To see how we calculate the service fee, click here.

Transaction fees: These are the fees associated with all the trades placed as part of the trading strategy. When investing in Commodity Alpha, you benefit from our lowest transaction fees (equivalent to VIP rates).

Performance fee: We only charge you this fee if the strategy has a positive performance, which we determine by using a high watermark indicator. The high watermark is the highest value your portfolio has ever realised, based on either your initial investment value or any quarter-end value during the time you’ve been invested in the strategy. This means we only charge a performance fee when your portfolio value reaches new highs. To see how we calculate the performance fee, click here.

The minimum investment is USD 20,000

Trading strategies are categorised as very high risk, due to the high conviction and the nature of leveraged positions.

Over the long term, you can expect to be rewarded for the risk assumed. However, significant drawdowns in excess of 20% are a real possibility throughout some periods. Trading strategies should not generally be considered appropriate for savings or traditional investing purposes.

This is a set of questions that will determine your risk profile and, based on it, the portfolio options that are suitable for you. Based on your answers, you may receive a risk profile that doesn’t match your initial portfolio choice, which means you won’t be able to invest in that portfolio. If this is the case, please check that your answers are accurate and contact us if you need clarification. You can always retake a suitability test.

The suitability test is mandatory. It is the portfolio manager’s responsibility to ensure that the investment made on your behalf is suitable for you – and the suitability questions are the primary method for such determination. 

The Investment Shield is a risk management tool you can activate once you invest in a trading strategy. It acts as an automated stop-loss order for your funds so that they never go below a threshold that you’re comfortable with. For example, if you’ve invested USD 30.000 in a trading strategy, you can set an Investment Shield for USD 25.000, so your funds never go below this amount. 

You can withdraw all your money from a trading strategy anytime, for free, by exiting the strategy. You can also make partial withdrawals, but only for as long as you keep your portfolio value above the minimum investment amount.

Once you open a Saxo account and take the suitability test, you’ll be able to see detailed information about a strategy’s composition, past performance, investment methodology and more.