Our preference is to operate totally independently of any affiliation with brokers and in a rebate free environment. We see this as important to assure and tranquilize customers that there is no incentive from Odysseia Capital to increase trading volumes and earn rebates at the expense of the customers’ risk. This is why we offer, as our default option, the subscription free of any rebates and broker affiliation. In our default subscriptions the service is 100% decoupled from any rebate or affiliation scheme with brokers.
At its origin, Odysseia Capital rejected any broker affiliation because it was our objective to avoid any cast of doubt about our revenue stream, i.e. to remove the question if Odysseia Capital could be receiving funds from a backdoor and, with it, to have a financial incentive to increase trading volumes (and thus account risk) and inflate the business income through rebates. In a nutshell, despite the fact that we try to have ethics ingrained in everything we do, we wished to avoid any doubt of conflict of interest when our customers decide to deposit their faith in us, when subscribing a service.
However, some of our customers have, over time, challenged us with this view and requested us to offer our customer base two subscription possibilities:
- Subscription without any affiliation to brokers (original subscription model);
- Subscription offering the possibility for the customer to choose a certain or from a certain pool of brokers, through an affiliation link and in return receive a discount in the subscription fee;
We now offer the second subscription model as well. This enables our customers who wish to do open an account at certain brokers through our Introducing Broker link, to benefit from a discount in their subscription fee. By doing that we don’t change anything in our approach to the portfolio management, All customers, regardless if they subscribed using the original subscription model or the subscription together with our Introducing Broker affiliation, are exposed and enjoy exactly the same portfolio management and risk settings, i.e. exactly the same trading signal.
At Odysseia Capital we aim for our incentive to come as much as possible from the subscriptions we are awarded from our direct customers and as as less as possible from rebates. In Odysseia Capital rebates are first and foremost a mean to provide a discounted subscription fee to the customers who wish so. With this stance we assure that no wrong incentive stands in the way between us and our objective to achieve a long term profitable relation with our subscribers, meaning long term profits with managed controlled risk!
If you have extra questions about this topic, we are happy to clear them out for you. Contact us through the chat form or any other available channel.