ASHCROFT management limited



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Welcome to Ashcroft Management Limited Welcome to Ashcroft Management, specialists in managed spread betting accounts. As an investor, new or experienced, it is imperitive that you choose a managed account that offers you stability and continued growth. At Ashcroft Management we strive to provide you with just this. Raymond Mayze Mr Raymond Mayze CEO of Ashcroft Management Company Ashcroft Management was established in 1997 and was an innovator for managed accounts. Charging solely on profits to ensure a profit related commission structure. The company grew quickly after the financial uncertainty, this is because private clients started to move away from managed accounts that charge fees even when they have lost money to volatile markets and poor decision making. Our ethos here at Ashcroft Management is based on the fact that we only earn money when we earn our clients money. This has seen us attract new clients and grow sustainably in recent years. Our Vision Ashcroft Management is committed to making informed decisions that keep our clients on track to achieve their investment goals and potential. We aim to use innovative platforms and market analytics to ensure profitability and keep a fair fee structure in place to maintain consistent growth for our clients and our organisation.

Spread betting in financial markets is now an established means of speculating on whether the price of an underlying instrument, such as a share, currency, commodity or index, will rise or fall. Unlike in share dealing, however, in spread betting you will never actually own any shares or investments. If you believe that the price of a share or index is going to rise, you would go long by placing a buy bet, or if you expect the price to fall you would go short by placing a sell bet. The extent of the price movement will determine the level of profits or losses you make. Spread Betting differs from fixed odds betting in that you don t risk a certain amount per bet, and there is no fixed profit or loss. The difference between fixed odds betting and spread betting is that your ultimate profit and loss with this style of betting is never known until you liquidate the bet. There are no commissions payable as the pricing is built into the spread. Like other forms of gambling, there is no tax payable on winnings or tax relief available on losses. Ashcroft offers a managed spread betting service, whereby our experienced traders will manage your account and place bets on your behalf. Spread betting is very flexible and Ashcroft offers many markets and products to trade, all following the same principle of betting a monetary value per point.

Why Trade with Ashcroft Management. Fully managed accounts so we keep our finger on the pulse to ensure you can focus on your every day life You are in the hands of committed professionals who are on hand to make informed decisions and trades around the clock 24/7 access to your individual account stating: rolling profit and loss, account balance and percentage increase, each individual trade with time stamp and point movement. Easy account closure and profit withdrawal Dedicated account manager and weekly updates via telephone or email if requested. Account Types Ashcroft Management has a world of experience in spread trading and in particular managed accounts. We specialise in providing uncompromised levels of customer service and sustainable returns for our clients. We have a wealth of knowledge to ensure we make real time decisions to increase our client s capital and minimise their exposure on the world s largest markets. We pride our business decisions and client facing operations on our key principles of Integrity Reliability Honesty Productivity Sustainability This ensures we can continue to deliver on our track record and treat each client with the same core values.

Accounts, Levels and respective benefits: Currency Currency ClassicClassic Classic PlusClassic Plus Premium Premium Premium Plus Sterling Sterling 5,000 5,000 15,000 15,000 25,000 25,000 50,000 50,000 75,000 100,000 Euro Euro 7,000 7,000 21,000 21,000 35,000 35,000 70,000 70,000 105,000 140,000 Dollar Dollar $8,000 $8,000 $23,000 $23,000 $38,000 $38,000$76,000 $76,000 $114,000 $152,000 CHF CHF 8,000 8,000 23,000 23,000 38,000 38,000 76,000 76,000 114,000 150,000 Account Advantages 1 trade per day 2 trades per day 3 trades per day Trades Trades & Commissions 1 trade20% per Commission day 2 trades per20% day Commission 3 trades per day17.5%up Commission to 5 trades per day Commissions Withdrawals Premium Preferential Plus 5 trades per day 15% up tocommission 6 trades per day Withdrawal every 3 months Withdrawal every 2 months Withdrawal every month Withdrawal every month 20% Commission 20% Commission 17.5% Commission 15% Commission 12.5% Commission Trading on the 5 major Trading on the 5 major Trading on the 5 major Trading on the 5 major Withdrawal Withdrawal Withdrawal Withdrawal every currencies 3 Withdrawal everycurrencies 2 currencies currencies every month every month every monthfranc, Sterling, months Dollar, Swiss Franc,months Sterling, Dollar, Swiss Franc, Sterling, Dollar, Swiss Franc, Sterling, Dollar, Swiss Euro and Japanese yen Euro and Japanese yen Euro and Japanese yen Euro and Japanese yen Master up to 8 trades per day 10% Commission Withdrawal every month

Currencies We trade on a wide variety of currencies; however the account you chose will determine what currencies and risk factors we trade with on your behalf. Some of the more volatile currencies may require a larger risk factor due to the movement on them. We recommend starting with our classic account and working your way through the accounts as you become more comfortable with the benefits and trading styles of each account. Risk Factors and stop loss The risk factor is set at 2% as standard but different accounts can have different risk factors. This can be discussed with your account manager. We also have a standard 20% stop loss which means that if 20% of your total capital is lost, we will cease trading and ask for confirmation from you to continue. You can at this point also request that we close your account and return the account balance to you, there is no charge or commission associated for doing this. Account Closure: We ask for three months notice to close your account. We will send you an account closure form and the three month notice period will start from the end of the month you request this closure. The funds will be returned to you within 5 working days once this period ends. Returns and Capital Protection. This is an investment opportunity that carries the risk of loss. However that loss is capped at 20% of your total capital as explained previously. Charges We do not charge any monthly management fees only a percentage of the profits at the end of each month. This incentivises us to consistently achieve a return. We do not charge any withdrawal fees or administration fees. Each individual account has different commission levels displayed on the table outlined. Any fees that are incurred by you when transferring funds to your account will be covered by Ashcroft Management and credited onto your account within 5 working days of documentation being sent by the client to our accounts team.

What differentiates Spread Betting from other types of financial speculation is that ALL profits are free of Capital Gains Tax and Income Tax. They are classified as resulting from bets. Any losses however on Spread Betting, are not allowable against tax.* EXAMPLE 1: ORDINARY SHARE SPREAD BET Vodafone is currently trading 230 230.5 Investor A believes that Vodafone is going to rise and places a buy bet at 230.5 for 10 a point. EXAMPLE 2: INDEX SPREAD BET The theory of spread betting is exactly the same whatever instrument you wish to trade. One of the most popular forms of financial spread betting is on world indicies such as the FTSE 100 or The Dow Jones: The FTSE 100 is currently trading at 6469 and the broker is quoting a spread of 6468 6470 on the Daily FTSE. Investor A believes that the FTSE is going to rise and goes long, placing a buy bet at 6470 for 5 per point. Investor B believes that the FTSE is going to fall and goes short, placing a sell bet at 6468 for 5 per point. Investor B has the opposite view and believes that Vodafone is going to fall and places a sell bet at 230 for 10 point. SCENARIO A SCENARIO 1 A week later the FTSE has risen and the daily FTSE spread is now 6500 6502. Vodafone rise to 235 235.5 Investor A s prediction is correct Vodafone has risen and he closes his position with a sell bet at 235 and subsequently makes a 45 profit (4.5 points x 10) Investor A has predicted correctly and decides to place a sell bet at 6500 to close out his position, making a profit of 150 (30 points x 5). Investor B, meanwhile, has to place a buy bet at 6502 to close her position, making a loss of 170 (34 points x 5) Investor B decided to cut her losses and closes her position at 235. She makes a 50 loss (5 points x 10) SCENARIO B SCENARIO 2 Conversely, assume the FTSE falls and the current FTSE spread is now 6430 6432. Vodafone falls to 226 226.5 Investor A s prediction is incorrect and he decides to close his position at 226, making a loss of 40 (4 points x 10). Investor B s position has moved in her anticipated direction and she decides to close her position at 126.5, making a profit of 35 (3.5 points x 10) In this case Investor A decides to close out his position by placing a sell bet at 6430 and makes a loss of 200 (40 points x 5). Investor B, however, has correctly predicted a fall in the market and closes her position, placing a buy bet at 6432. She makes a profit of 180 (36 points x 5) * Current taxation laws may be subject to change.

Ashcroft Management Limited 2 Crutchetts Ramp Gibraltar GX 11 1AA Company Registration Number: 62996