“As a result of that volatility, we’re able to capitalise on opportunities and maximise returns during highs and lows,” FX Invest director, Scott Healey says.
Healy says the company, which offers FX as an investment to retail investors, has achieved a minimum 30% annual return on investments for its clients.
He says the company is unique in New Zealand as it allows individual investments on foreign exchange – something which “is normally reserved for large companies via banks.”
The Auckland-based company trades foreign exchange on behalf of clients using well established hedging practices, maximising returns during highs and lows in exchange rates.
Healy says the strategy is to “accumulate profits on smaller trades continually, rather than seeking a big win on a single trade and major market shift.”
“This approach has meant that losses are minimised leading to the excellent overall returns that we have seen to date.”
FX Invest charges a fee of 15% of the profits made above a 10% annual return (calculated as 2.5% quarterly). A 0.5% margin on all transactions is also charged.
Healey says while the returns have been good recently investors need to be aware of the risks.
“The foreign exchange market is extremely volatile and with the highs there come the lows. That’s why it’s so important that people are fully aware of the risks before considering investing in foreign exchange trading.”
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