Frequently Asked Questions

Is Capital20 an investment fund?

No, Capital20 is not an investment fund. The most important thing distinguishing Capital20 from an investment fund is that we don’t hold any of our client’s assets. The client’s money is at all times on his/hers own account, and only the client has access to it.

Also, we are connecting our clients directly to our profit making C20 algorithm and thus mirroring its activities on our clients’ accounts exactly as in our own account.

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Do I have control over my money?

Absolutely! You and only you as a client have control over your funds. The account is opened in your name. Your money is accessible as in any regular bank account, or if you prefer, it can even stay on your regular bank account (conditions apply). In any case, you are able to withdraw part or all of your money immediately at all times and without any approval. You have full access to the following:

  • Depositing and withdrawing funds
  • Monitoring the activity on your account 24/7 through your trading platform
  • Setting and adjusting complete risk setting on your account (different risk setting examples will be outlined for you by us, of which you may choose which suit you best, or choose your own variation)
  • Protecting the funds on your account from excess loss by adjusting drawdown threshold settings (Stop-Loss level)

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Is my money safe?

Regardless of which brokerage solution the client has chosen funds are always held in segregated bank accounts, under the client’s name. For example, when opening an account with Dukascopy each client has funds under his/hers own IBAN bank account number.

It is also possible to open an account with Dukascopy Bank without transferring funds by keeping funds in a partnering Custodian Bank or providing a bank guarantee instead.

Also, all offered solutions are regulated, which provides additional protection for deposited funds.

Dukascopy Bank SA is regulated by the Swiss Financial Market Supervisory Authority FINMA and, like all banks and securities dealers in Switzerland, a mandatory signatory of the “Swiss banks and securities dealers’ agreement regarding deposits protection”. Client’s deposits are protected by Swiss government in the amount of CHF 100,000 for each client. Deposit Protection is explained in details on its website, at the web address

NSFX Ltd. is compliant under an excellent regulatory framework which is managed by the Malta Financial Services Authority.
Client funds are held in segregated bank accounts that are fully protected for up to €100,000 in the event of a default by the Depositor Compensation Scheme, a rescue fund for depositors of failed banks which are licenced by the MFSA.
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Profits are also protected by the Investor Compensation Scheme for up to 90% of the lost amount or €20,000 max per investor. This scheme pays a compensation to the investor in the case of a licenced investment firm being unable to pay claims against it.

ATC BROKERS UK Ltd. is regulated under UK’s Financial Conduct Authority (FCA) which mandates firms to conduct their business under strict regulations.

The FSCS is United Kingdom’s statutory fund of last resort for customers of financial services firms. The FSCS may be able to pay compensation to consumers and protects up to £50,000 per person per firm. The FSCS is an independent body, set up under the Financial Services and Markets Act 2000 (FSMA).
Eligibility depends on the status and the nature of the claim. The FCA informs the FSCS which types of claim qualifies for compensation and limit how much compensation they are allowed to pay.


In addition to aforementioned protection mechanisms, to limit possible losses on their account clients can set a Stop-Loss level. If their account should reach the Stop-Loss level set by the client, the trading would be instantly deactivated and all open positions would be closed so as to protect client’s remaining capital against further losses.

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How can I have the trades mirrored onto my account?

We require clients to open an account with either Dukascopy, NFSX or ATC Brokers UK, through the link we will provide you once you contact us and decide which solution suits you best. This way we ensure that all of our clients benefit from the long-term established setup we have with our providers (low institutional spread, no markup, low commission cost, proper HWM performance fee deduction based on your investment amount).

These are the easy steps to get started:

  1. Choose your desired investment size under “Packages” on the main page
  2. We will contact you shortly and assist you in choosing the right solution
  3. You’ll be guided by us through a simple process to open your trading account
  4. Immediately upon your funds get deposited to your segregated account or providing a bank guarantee or connection with your custodian bank your trading account will be activated and linked to C20

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What is the minimum required investment?

20,000 € or the same counter-value amount in any other base currency accepted by our providers.

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What are the fees?

As this is not a fund, there are no entry, exit or management fees. We are covering our basic costs by sharing commission with the broker and by receiving reward through the performance fee. All historical data on this website are showing gains after broker commission is deducted.

Performance fee is calculated monthly on profits made above high-water mark (HWM) only, meaning that after losses only gains which are above the highest peak in value prior to the losses will be taken into account for performance fee calculation.

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How much commission is charged per trade transaction?

Commission costs depend on the amount of your investment and are factored into our performance reports. The higher the investment, the lower the commission costs. Please refer to the “Packages” section on the website to see the commission costs based on your investment amount.

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How much performance fee is charged on monthly profit above HWM?

Performance fee varies between 20-30% depending on the amount of your investment. The higher the investment, the lower the performance fee costs. Please refer to the “Packages” section on the website to see the performance fee costs based on your investment amount.

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What are the spreads on Capital20?

Spreads on all currency pairs will always be the lowest variable price offered by the liquidity providers, meaning best spreads possible. Because spreads have always been important for profitability, we have carefully chosen the best liquidity providers. Furthermore, as there is no markup of spread by the broker or by us you receive the full benefit of low spreads.

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What can I expect in terms of trading activity?

During typical market conditions Capital20 executes around 4 to 5 trades a day which are typically closed during the same day (please see trading statistics for details). Days with 10 trades or periods yielding no trades are also common. In general, C20 is an active algorithm with several hundreds of trades per year.

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What is the meaning of…


The abbreviation HWM stands for High-Water Mark. It is the highest peak in value an investment fund/account has reached. A high water mark ensures that performance fee shall be charged only if net asset value of the account rises above the highest level the account had ever reached in any previous investment period (i.e. month). This means when the net asset value falls in one investment period, the performance fee can only be charged after the net asset value returns and surpasses the point where it was before the fall.


In online trading, spread is the difference between the ask (buy) price and the bid (sell) price of a financial instrument. In forex trading, it is measured in pips.


Markup is the amount added to the spread by a broker or money manager. The broker adds the markup to the bid or ask quote they receive from their liquidity providers. When quoting forex prices, this means that they would add a certain amount of pips to the bid or ask price, hence increasing transaction costs to investors and decreasing their profits.

Algorithm or EA

An algorithm or an Expert Advisor is a set of specific rules designed to complete a clearly defined task. In financial market trading, computers carry out complex algorithms characterised by a set of rules consisting of parameters such as timing, price or quantity structuring the trades that will be made. The main advantage of a profitable algorithm is twofold: by analysing market data on-the-fly it deploys strategies that would be impossible to trade manually and—by taking unfavourable human factors out of the equation—prevents trading based on emotions, which is among the top 3 reasons why otherwise profitable traders fail to remain consistent in their performance.

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