Enigma Strategy is a Discretionary Investment Manager for both Securities & Deriviatives. We manage & control "Funds" however we do not hold our client's funds. We appoint custodians (brokers) who segregate our client funds.

Enigma does not give advice on Derivatives (CFDs, Futures, Options), we are a CFD, Futures, Options & Securities investment manager, and have the discretion to act on behalf of our clients. We are able however to provide Securities advice.

Please find our FCA profile page here.

We have a strict due diligence questionnaire, that allows us to validate the strategy providers we work with.

More information about becoming a strategy provider can be found by clicking here. 

Enigma Strategy will perform an assessment & suitability (within our application form) to ensure our services are suitable for you.

In short yes we do. We provide a range of model portfolios depending on our client's risk appetite & suitability. 

If you are looking for more granular details than can be seen in our terms sheets, we do provide our trade logs on request. This demonstrates our willingness to provide our customers with complete transparency in who we aim to build trust and create long-term relationships. 

We work with a select number of brokers who are regulated. You will need to complete our application form. If approved we will email you an application list detailing our preferred brokers.

The short answer is No. Broker performance varies significantly depending on a broker's regulation, spreads, server speed and reputation. We recommend trading with brokers we use, which ensures we can monitor the broker's performance, and assist you with broker related queries.

Trades which are executed via copy trading are subject to deposit size, margin requirement, and drawdown. Due to the risky nature of copy trading, strategies will not trade if the trading account hits certain threshold levels. i.e. you have no available margin to trade. This may result in differing performance from the strategy providers' fact sheet. 

In addition, a broker (counterparty) server may also affect the following and unfollowing of trades from a strategy provider. i.e. if a strategy provider is trading with one broker and you are trading with another broker, and your broker's server is unavailable to receive the strategy provider's trading signal. The strategy provider may continue to trade (execute and close) with their broker, whilst the trading signal which is being sent from the strategy provider to your broker cannot be executed into your trading account because your broker's server is down. This therefore may affect trading performance.

Balance growth and Equity growth are different. Balance growth relates to total balance (including drawdowns) Equity Growth relates to the balance available for withdrawal.

We calculate 'Gain' via TWR, which calculates each trade according to the balance at the time of the trade, without excluding past trade's weight on the overall gain percentages. Therefore a gain is a compounded value.

For example:

- You deposit $10 (balance is now $10)
- You lose -$5 which is -50% (balance is now $5)
- You deposit another 95 (balance is now $100)
- You profit $6 which is 6% (balance is now $106)

Total gain is ((-5/10+1)(6/100+1)-1)100=((0.51.06)-1)*100=-47%
Total profit is = -$5 + $6 = $1

As you can see from the example above, it is possible to have a negative gain with a positive dollar profit outcome, and although the account profited $1 if you were to invest once at inception, the investment's value would be down by 47%. This formula also works vice versa, which means a positive gain value while having a negative profit value.
 

Logins and access to your managed trading account (including, funding, withdrawals, and account statements) are maintained via our counterparties (brokers). Details on how to log in to your managed trading account via our counterparties can be found in your welcome email. Alternatively, give us a call at 0044(0)203 983 9499 or email [email protected] and we will be happy to walk you through how to access your managed trading account. 

Enigma Strategy cannot hold its client's money, but it can control its client's money under a mandate (such as an LPOA or IMA). We appoint brokers (counterparties) to hold our client(s) money

 Statistics in this factsheet are calculated as compounded and therefore the yearly return is not a simple sum of the monthly returns.

Compounded method: 

R0 = 0
Rn = Rn-1 + rn + rn · Rn-1 · 1%,

Where rn is monthly performance data (one value per month).