Apply / Fees

By Phone

To join instantly call our Client Services Team on 08717 121110

Fees are payable on all major debit/credit cards.

On Line

To apply online please click here or email us at enquiries@centaurglobal.com
Alternatively, download the application form or the Pay as you Go Mandate.
Click here for our brochure in PDF format.

By Post

Please complete, sign and return your MaxNet application/Managed Account mandate
together with your remittance either to the address on the form, or to:

Centaur Global Limited
Centaur House
168 Main Street,
Seahouses,
Northumberland
NE68 7UA

You are welcome to visit our office by arrangement

Fees

MAXNET clients have the option of paying an annual subscription fee for the service in advance or a profit related fee based upon the performance of the service (see below for a worked example of how the profit related fee system will work in practice).

SUBSCRIPTION FEE OPTION

A one off registration fee of £95 is payable

Maxnet Subscription Fees From 1st January 2009

Other Periods

3 months - £5000 maximum £475
6 months - £5000 maximum £695

3 year and 5 year fees on application-maximum bank size £250,000.

(Ask our sales team about special offers)

PROFIT RELATED FEE OPTION

Under the profit related fee scheme:

1.     Clients pay an annual membership fee of 4% of trading bank

eg a client with a £10,000 bank would pay £400 initially while a client with a £1,000 bank would pay £40

2.     In addition clients would pay a monthly profit share payment of 25% of any profits made in the previous month. This payment would be deducted from the monthly cheque sent out.

nb clients opting for profit related fees cannot operate growth accounts.

3.     Clients pay nil fees at the end of break even or losing months.

Example

In the following example for illustrative purposes MAXNET has recorded an annual profit of 50% ie 10 points. Over the year there were 8 winning months totaling 16 points profit and 4 losing months losing 6 points leaving an annual profit of 10 points or 50% of bank.

Client has a £10,000 bank.

A - Subscription model-scale fee of £1,995

B – Profit related model
Initial fee 2 x £200 ie £400

Profit related payments over the year

16 pts x £500 per point (£10,000 bank has 20x 500 points) = £8,000
profit related fee at 25% = £2,000

total fee = initial fee of £590 plus profit related fee of £2000 = £2,400  

nb while the incidence of winning /losing months is critical, in general clients would pay lower annual fees on the profit related model if Centaur achieve below 50% profit but higher total fees if we achieve annual profits of greater than 50%. However, for banks of £100,000 and above, this break-even percentage can be significantly lower depending on the incidence of winning/losing months.