FOREX I.T. BUSINESS - ELITE E SERVICES BOUTIQUE BROKERAGE

FREQUENTLY ASKED QUESTIONS

COMPANY FAQ

GENERAL FAQ

FOREX FAQ

 

Why the spot market, why not trade bonds?

The spot market is the most liquid 'market driven' market, in other words, it is influenced by pure buying and selling of the currencies, done by international business interests. In a sense the spot market is 'pure capitalism' while the stock market for example can be manipulated and controlled by a small group of high-rollers.

Also, the spot forex market is the only 'real' market whereas all other markets are derivative markets, because all stocks are dollar based in some currency. So while the stock may go up and down it does so in a currency which is also changing.

Why haven't I heard about you guys if it's so great?

We have no marketing budget or motivation to be 'retail'. We are traders and not interested in woozing the investing public into our ideas with a fancy office and suits and ties. This also adds to overhead we would have to take away from client profits! Whisper advertising is perfectly fine and we are happy to wait for the word to spread based on our trading results and that's it.

FAQ's about our managed accounts and forex in general.

Funds are held at a number of financial institutions such as Saxo Bank in Copenhagen, National Bank of Australia, Citibank of NY, and other large investment banks. This is to ensure access and liquidity in the event of a major global catastrophic event, where certain local markets may be closed. For this reason we trade with multiple platforms in multiple locations. All banks have secured deposits insured up to millions of dollars, unlike the commercial US FDIC which is up to $100,000.

Upon request more information (full disclosure) can be provided about the trading platforms.

As your currency becomes weaker, those goods you need will become increasingly expensive. Take this example:

You make 100$USD a week from your pension. It costs you 80$USD to purchase the food you need that week.

The USD goes down by 25%. It costs suppliers 25% more to buy the same materials they need to produce the food you eat, so they increase the price by 25%. Now your food costs $105 a week, you are still making $100 a week, YOU STARVE TO DEATH.

Click here for a full article explaining how currency and the 'weak' or 'strong' dollar affects YOU.

If someone knows how to make a million in the markets, why would they tour around giving seminars and selling books?  Or better yet, if a trader is that good, why is he working for a bank for low-salary?

Now that brokerage is gone, investment managers don't want everyone knowing how to cut through the markets and profit, it's their only bargaining chip left. Just like every major industry shift, those in power are fighting for their survival. Fight for yours.

New Zealand offers a whole set of opportunities for a company like EES.  Until now, no company has seized those opportunities, and that's why we are here.  There are millions of companies based in New York, London, Tokyo, Los Angeles, and other large capital centers, but there are no companies like ours, seizing the other perspective opportunities.  Some of the advantages of being based in New Zealand:

  • Stable domestic economic and political system
  • First class banking system, obtaining the highest possible rating by Moody's
  • Advanced technology for our use (New Zealand is a testing ground for many international companies who implement their tech in NZ before their domicile countries)
  • Through the internet, we can work anywhere
  • Objectivity - Being in New Zealand, which is far removed from the world, gives us the objectivity to analyze info as information, not as a "tip" we got from our friend across the street, or to use our "gut" feelings about an investment.  Living in a far removed destination is the greatest traders' edge.
  • New Zealand has an excellent business structure for EES to work with that is more efficient than any comparable business system.

We take a percentage of the profits that we make for clients. 

Currently for our managed forex accounts we take a flat 50% commission. This is profit based (if we lose money there are no fees), and is an incentive for us to make money.

We may negotiate special commission rates for clients for special circumstances.  For example, if a client has a need for a fixed interest-rate bond with a long-term need, we may charge a flat service fee for setting this up, rather than an ongoing commission from the bond.

For small accounts and for special circumstances we may charge fees associated with setting up these accounts. These fees are directly paid to banks, this is passing on fees such as wire transfer fees, we do not charge fees to our clients!

  1. There are not any companies operating with the ideas, philosophies, structures, strategies, and systems that we are using.
  2. Most of those other companies are losing money, while we are making money.

We cant.  And we do not believe that anyone can guarantee results.  Even fixed-interest bonds have devaluated, leaving the bond holders out in the wind.  It is impossible to predict the markets, world events, and all factors affecting the worlds financial markets.  What keeps us ahead of the pack are the following factors:

  • Our objectiveness (not being directly involved with losing brokers)
  • Far ahead of the information curve
  • The diversity and quality of our partner network
  • International affiliations

Our only answer to this question is to point to our past performance.  While our performance will greatly vary, we can assume that it will be far ahead of the common standard of fund managers, investment bankers, analysts, and other financial professionals.

The EES philosophy is quite simply that if our clients profit, if our clients are happy, and make money, than we will benefit.  This is an opposite approach to standard business, whereby a salesmen will tell you anything you want to hear just to sell you the product, then haggle with you if a return or complaint is attempted. 

This is why we only charge a profit based commission, rather than flat fees or other debt-commission structures.  Also, our directors and employees will not withdraw salaries; they will take a percentage of the companies gross profit as shareholders.  If EES loses money as a company, the directors, employees, and partners, will not be paid.

All key points are raised in our client agreement.  We ask that clients read this thoroughly and ask any questions about any points outlined in that document.  It is important for us to adhere strictly to all rules and regulations, however, we do not discount the shake of a hand in a business deal.

Clients of EES have the full support of the local and international community, including:

  • New Zealand's stable and socially progressive political system
  • Top legal and accounting advice
  • Access to our elite network and international contacts and clients in more than 20 countries around the world

It depends on your chosen level of involvement.  On one end, you can be in a chat room chatting with us - on the other - we will call you every quarter updating your balance and post trading records to you.  It is our recommendation that we regularly email EES clients with account updates and company updates.  All clients may access our I.T. services.

You can.  If you are interested to work with us, we can provide any client with a full trade station, proper trading software and analytical tools.  EES can provide any chosen level of involvement regarding training, information brokerage, and trading strategy development.

EES uses the Bank of New Zealand for all our company banking needs.  When clients send EES funds, they are deposited into a company trust account.  When we invest the money, it is moved to our various trading accounts, such as Saxo Bank. 

Saxo Bank is actually a bank, so it is no different than the BNZ.  Every bank we use are first-class financial institutions.  Moody's has just placed the highest rating possible for the New Zealand financial system.

You decide how you want funds to be remitted to your accounts, via check, bank wire, Pay Pal, or other requested form.  We allow clients the opportunity to liquidate their accounts at any time, for any reason.

Profit in your account can be rolled over every quarter, or it can be sent to you.

What are the tax implications of investing in another country?

As we have clients based in many countries, and many local regions, we ask that each client seek professional tax advice.  If required, EES can refer clients to a tax-expert in your region.  Every region of the world has radically different tax schemes, it is impossible for us to track the changes in all of these regions.

EES does know about the tax implications of New Zealand, and the implications of investing in New Zealand as a foreigner.  Overseas investors are subjected to an overseas tax levy, usually 2%, but can be as much as 10%, depending on the type of investment.  Any New Zealand tax paid can be used in your domicile country as a write off.

EES will maintain a research page where we will post important research, articles we write, links to information sources, and relevant research topics.

We develop trading strategies based on an ever changing dynamic of news, information, world events, economic reports, and market activity.  To find out specifics please contact us.

If you benefit, we benefit.  The more money you make for the client, the more money he will invest, the more referrals you will get, the longer you will be in business, and the less legal problems you will have.

Take as much as possible as quickly as possible from the clients and liquidate the company, and client accounts.  Make sure you charge as many fees as possible before they complain, then advise them of any bad investment, even if it's your bosses OTC company he just floated in the bahamas.

EES Legal information, website disclaimer, copyright information, and other legal disclosures