We only offer SMAs, separately managed account, and only get a limited power of attorney to trade on your account. That means we can't withdraw any money, ever, and the account stays in your name.

So that's not possibel :)

We operate from Germany and everything must follow regulations and be compliant.

As you might have guessed from the sentence you quoted, we aren't managing client capital just yet. So it's not set in stone yet how we'll do it with the license. Our preferred path right now is with a partner we're in talks with which supplies the license (you can imagine it like a liability umbrella, Haftungsdach in German) and a respected German brokerage. Since it's not yet a done deal, I don't want to give more info. However, it's very important to me (Vinzenz Richard Ulrich) and will always be the case at autotradelab that we follow regulations and are compliant.

I've actually been considering talking with people (eg on forums) about the topic "asset managers suck" and finding out people's gripes. Since you brought up Bernie Madoff, do you have thoughts on that topic? We could chat on eg LinkedIn or email.