“Where institutional precision meets market opportunity.”
A discretionary Exchange Traded Instrument that trades Gold (XAUUSD) and major Forex pairs by reading institutional order flow — combining Smart Money Concepts, Price Action and Fundamental Analysis. Strategy developed by Luca Cunin. Delegated Portfolio Manager: FRAMONT & Partners Management Ltd, MFSA-authorised AIFM, Malta.
The strategy is discretionary and concentrated in Gold and FX. Performance figures on this page refer to the strategy developer’s live audited personal trading account (full year 2025) and are not the performance of the ETI, nor indicative of future results. Capital is at risk. Read the KID before investing.
Illustrative demo values — not live data or signals. The strategy commits only when Smart Money Concepts, Price Action and a supportive macro backdrop converge. Risk is fixed at 1%–1.5% per trade.
Audited live track record on the strategy developer’s personal account. $25,000 → $145,978 over twelve months, verified by independent accountant Paul Bienvenu.
Peak-to-trough across 858 trades, contained by a fixed 1%–1.5% risk per trade. Zero losing months in 2025.
Listed on Börse Stuttgart · ISIN DE000AMC0BZ5 · ETI currency EUR · Issuing price 100 EUR · Daily liquidity · T+2 settlement.
† Performance figures refer to the live audited trading account of the strategy developer for the full year 2025 (Jan–Dec), verified by accountant Paul Bienvenu. They are not the past performance of the ETI, which has not yet launched, and are not indicative of future results. Capital is at risk. Where any supplementary data is described as ‘backtested’ or ‘simulated’, those results are hypothetical, calculated retroactively and have not been independently audited. Read the KID before investing.
The LC Invest Value Edge ETI is an Exchange Traded Instrument expressing a single, focused idea — that institutional order flow leaves identifiable footprints on price — and trading it with discipline on Gold (XAUUSD) and major Forex pairs.
Rather than relying on a single indicator, the strategy requires three independent layers to align before any capital is committed: Smart Money Concepts (liquidity sweeps, order blocks, BOS/CHoCH), classical Price Action confirmation, and a supportive macroeconomic backdrop (FOMC, CPI, NFP, PMI). Positions are sized conservatively, risking 1%–1.5% of capital per trade with a hard stop on every position.
The methodology was developed by Luca Cunin, founder of LC International LLC and LC Alerts. The ETI is issued by iMaps ETI AG (LEI: 5299000ESEDFHHWG3R53), listed on Börse Stuttgart and managed by FRAMONT & Partners Management Ltd as Delegated Portfolio Manager under an MFSA AIFM authorisation.
Request Full Information →Exchange Traded Instrument (ETI / AMC), listed on Börse Stuttgart and Vienna Stock Exchange. ISIN DE000AMC0BZ5. ETI currency: EUR. Issuing price: 100 EUR.
iMaps ETI AG, Im alten Riet 102, 9494 Schaan, Liechtenstein (LEI: 5299000ESEDFHHWG3R53). Also acts as market maker providing continuous bid/ask liquidity.
FRAMONT & Partners Management Ltd — MFSA-authorised AIFM under AIFMD II, Malta (licence FRMT-10380). Dragonara Business Centre, St Julian’s.
Luca Cunin — Head Trader, LC International LLC / LC Alerts, specialising in XAUUSD and major Forex using Smart Money Concepts.
Portfolio executed via Interactive Brokers — a global regulated brokerage providing execution, custody and real-time reporting.
Experienced retail and professional investors who understand FX and leveraged products and accept the risk of capital loss.
The strategy fuses institutional order-flow analysis with classical price action and a macro overlay. It is discretionary — human decision-making — but rules-bound on risk: a fixed 1%–1.5% per trade, a hard stop on every position, and no averaging into losers.
Smart Money Concepts identify where institutions are positioned. Price Action confirms the entry. Fundamentals set the bias. Capital is committed only when all three align.
Models the structural footprints of institutional participants — liquidity pools, imbalances, order blocks, BOS/CHoCH — to locate where informed capital is likely positioned.
Studies supply and demand expressed directly through price, without lagging indicators. Provides the confirmation layer that reduces false signals from SMC alone.
Aligns directional bias with the prevailing macro environment using scheduled releases — FOMC, CPI, NFP, PMI — to calibrate risk and positioning.
Unlike purely algorithmic strategies, LC Invest combines institutional order-flow logic with real-time fundamental context — allowing dynamic adaptation to macro regime shifts that pure quant models cannot anticipate.
The strategy carries a live audited track record for the full year 2025 — twelve months of real trading, independently verified. All figures are net of fees and presented as actual live performance of the strategy developer’s personal account, not the ETI.
All figures below refer to the live trading track record of the strategy developer for the full year 2025. They are independently verified by accountant Paul Bienvenu from a complete journal of 858 trades. They do not represent past performance of the ETI itself, which has not yet launched. Past performance is not a reliable indicator of future results. You may lose some or all of your capital.
The track record was built not on oversized bets but on consistency: a fixed 1%–1.5% risk per trade, a hard stop on every position, and no averaging into losers. With a 53.6% win rate and an average winner nearly twice the size of an average loser, the edge compounds through selectivity — roughly 16.5 trades a week, taken only when institutional order flow, price action and the macro backdrop align.
Enter a starting amount to illustrate hypothetical compounding at the audited 2025 rate or a conservative reference. This is a mathematical projection only — not a forecast or guarantee.
† This calculator applies a fixed annual rate as if constant. The 147% figure is the strategy developer’s audited 2025 live result on his personal account, not a projection or forecast for the ETI. The simulator deducts a 0.75% entry fee (midpoint of the indicative 0.50%–1.00% range) and the 4.5% annual management fee (retail / non-exempt offer rate); the 20% performance fee and any exit fees are not modelled. It does not account for slippage, taxes, path of returns, or any other real-world factor. The Capital Loss scenario illustrates that the investment can lose money. Past and simulated performance is not indicative of future results. Capital is at risk.
Compounding of €1,000 at the indicated annual rates. Illustrates compound growth, not the month-to-month path, and is not actual returns of the ETI. Illustrative only.
| Metric · FY 2025 (live, audited) | Value | Detail |
|---|---|---|
| Starting capital | $25,000 | 1 January 2025 |
| Ending equity | $145,978 | 31 December 2025 |
| Total return | +483% | Net of fees, actual live account |
| CAGR (annualised) | 147% | Twelve-month live result |
| Maximum drawdown | −4.79% · −$3,448 | 858 trades |
| Win rate / Profit factor | 53.6% / 2.27 | 460 winners of 858 |
| Losing months | 0 | Best +55.8% (Oct) / Worst +9.6% (Nov) |
| Independent verification | Paul Bienvenu | Accountant · full trade journal |
Luca Cunin is the founder of LC International LLC, the entity through which he developed and structured his trading activity before expanding it into LC Alerts — a francophone trading signals and education community built alongside his business partner Colin Ribeaud, who joined as co-founder and oversees business development, marketing, and operations. Together, they have grown LC Alerts to over 160 active members across signal services, copytrading, and private mentoring.
Luca specialises in discretionary trading on XAUUSD (Gold) and major Forex pairs, combining Smart Money Concepts, Price Action, and Fundamental Analysis to identify high-probability setups driven by institutional order flow. His risk management framework is built on a fixed 1% risk per trade, with a hard stop on every position and no averaging into losers.
Over the course of 2025, Luca generated a fully audited live track record of +483% on a $25,000 personal trading account, ending the year at $145,978 — with a maximum drawdown of −4.79% and no losing months. Every result is fully traceable to real-time signals published on the LC Alerts Telegram channel prior to execution, and documented on lcalerts.ch.
With the creation of the Value Edge ETI under the FRAMONT regulated framework, Luca, Colin and LC International LLC take a decisive step toward bringing institutional-grade trading access to a broader investor audience.
Luca’s 2025 live track record — $25,000 growing to $145,978 — was independently verified by accountant Paul Bienvenu from a complete journal of 858 trades. Every trade is traceable to a real-time signal published on the LC Alerts Telegram channel before execution and documented at lcalerts.ch. This figure refers to the developer’s personal trading account, not the ETI, which has not yet launched, and is not indicative of the ETI’s future results. Capital is at risk.
The ETI is structured with clear separation between strategy development, delegated portfolio management, issuance, execution and market-making functions.
Developed the discretionary Smart Money Concepts strategy on XAUUSD and Forex. LC International LLC.
MFSA-authorised AIFM (FRMT-10380) under AIFMD II, Malta. Delegated Portfolio Manager and regulatory oversight.
Im alten Riet 102, 9494 Schaan, Liechtenstein. LEI: 5299000ESEDFHHWG3R53. Issuer and market maker providing continuous secondary-market liquidity.
Global regulated brokerage providing execution, custody and real-time reporting for the underlying portfolio.
| Name | LC Invest — Value Edge ETI |
| ISIN | DE000AMC0BZ5 |
| Instrument type | ETI / Actively Managed Certificate |
| Listed exchange | Börse Stuttgart (XSTU) & Vienna SE (VSX) |
| ETI currency | EUR |
| ETI issuing price | 100 EUR |
| Issuer / market maker | iMaps ETI AG (LEI: 5299000ESEDFHHWG3R53) |
| Delegated PM | FRAMONT & Partners Management Ltd |
| Underlying strategy | XAUUSD, major Forex pairs |
| Redemption | Daily · sell on exchange |
| Settlement | T+2 |
| Target minimum | €1,000 |
| Management fee — retail | 4.5% p.a. (non-exempt offer) |
| Management fee — professional | 6.0% p.a. (exempt offer) |
| Performance fee | 20% (High-Water Mark) |
| Entry fee | 0.50%–1.00% (indicative) |
| Exit fee | To be confirmed |
| Performance fee applied by | Issuer (iMaps ETI AG) |
| High-water mark | Yes |
In compliance with MiFID II product governance, this discretionary, FX- and Gold-concentrated ETI is designed for a specific target market.
The LC Invest Value Edge ETI is assessed under MiFID II product governance. The positive target market includes retail and professional clients who understand discretionary, leveraged FX and Gold instruments, have a medium-to-high risk tolerance, and an objective of capital growth over a medium-to-long horizon. The negative target market includes investors who require capital protection or cannot sustain losses, and US persons. This information does not constitute a personal recommendation or investment advice.
Because the ETI is listed on Börse Stuttgart and the Vienna Stock Exchange, investing is straightforward — no complex subscription documents or lock-up periods. The instrument trades under ISIN DE000AMC0BZ5 with daily liquidity and T+2 settlement. ETI currency: EUR.
Obtain and carefully read the Key Information Document (KID) and prospectus — essential information on risks, costs and the nature of the instrument. Contact FRAMONT to obtain them.
Consider whether this discretionary FX/Gold ETI suits your financial situation, objectives, risk tolerance and experience. If in doubt, consult a licensed independent adviser.
The ETI is tradable through standard brokerage accounts with access to Börse Stuttgart or the Vienna Stock Exchange. Search ISIN DE000AMC0BZ5, or contact FRAMONT for access information.
Place your order through your brokerage. iMaps ETI AG acts as market maker. Management fee 4.5% p.a. (retail) or 6.0% (professional); performance fee 20% HWM. Full breakdown in the KID. Capital is at risk.
The LC Invest Value Edge ETI targets a minimum of €1,000. The ETI trades in EUR on Börse Stuttgart (XSTU) and the Vienna Stock Exchange (VSX). Entry fees (indicatively 0.50%–1.00%), a 4.5% or 6.0% management fee and a 20% performance fee (HWM) apply. Refer to the KID for the complete cost disclosure. This is a high-risk product — capital is at risk.
Download the Fact Sheet →As Delegated Portfolio Manager and AIFM, FRAMONT brings MFSA authorisation, AIFMD II compliance, independent oversight and institutional-grade regulatory infrastructure to the LC Invest Value Edge ETI.
FRAMONT is authorised by the Malta Financial Services Authority as an Alternative Investment Fund Manager under AIFMD II (licence FRMT-10380). Dragonara Business Centre, St Julian’s, Malta.
FRAMONT acts as Delegated Portfolio Manager, implementing the strategy and ensuring the portfolio complies with the instrument’s investment guidelines and applicable regulations.
Independent Compliance Officer, Risk Manager and Investment Committee provide ongoing oversight. AML/KYC, regulatory reporting and MFSA filings are managed in-house.
FRAMONT operates under Malta’s MFSA framework — a full EU member-state regulator. AIFMD II compliance provides a high standard of investor protection under European law.
Institutional-grade operational infrastructure — depositary, fund administration, audit and reporting platforms — supports transparent management of the underlying portfolio.
Beyond this ETI, FRAMONT operates an MFSA-authorised platform for AIFs, AMCs and ETIs. Learn more at framontmanagement.com.
FRAMONT & Partners Management Ltd brings institutional-grade regulatory infrastructure, MFSA authorisation and full AIFMD II compliance to every instrument under its management. Contact us for the KID, prospectus and all official documentation.
This website is a marketing communication only and is not an official source of instrument documentation. All official information must be obtained through FRAMONT & Partners Management Ltd and iMaps ETI AG.
The PRIIPs-compliant KID contains essential information about the nature, risks, costs and potential gains and losses. You must read it before making any investment decision. Also available via the iMaps ETI AG product page.
Request from FRAMONT →The full Final Terms and Base Prospectus detail the ETI’s structure, investment policy, fees, risks and all terms and conditions. Issued by iMaps ETI AG under an FMA Liechtenstein-approved base prospectus, passported to EU member states.
Request from FRAMONT →ISIN DE000AMC0BZ5, listed on Börse Stuttgart (XSTU) and Vienna Stock Exchange (VSX). ETI currency: EUR. Issuing price: 100 EUR. iMaps ETI AG (LEI: 5299000ESEDFHHWG3R53) is issuer and market maker.
View on iMaps ETI AG →This is a high-risk product. The following is a non-exhaustive summary of key risks. Please read the Key Information Document (KID) and Final Terms for the complete risk disclosure.
The strategy trades Gold and FX, which can be highly volatile and may use leverage. Adverse moves can amplify losses, and the value of the ETI can fall sharply.
The strategy concentrates on XAUUSD and a small set of major FX pairs. A sustained adverse move in Gold or the dollar may cause significant losses.
The strategy is discretionary and relies on human judgment and the strategy developer. Decisions may be wrong, and the approach may not perform as it has historically.
The 2025 track record relates to the developer’s personal account, not the ETI. Backtested data is not audited. Past and simulated performance is not indicative of future results.
Although iMaps ETI AG acts as market maker, under abnormal conditions the bid/ask spread may widen materially or secondary-market liquidity may be reduced.
The ETI is denominated in EUR but the underlying may hold USD-denominated positions. Exchange-rate fluctuations may adversely affect returns.
The ETI is subject to counterparty and operational risk from its service providers, including iMaps ETI AG, Interactive Brokers and other counterparties.
Changes in applicable laws, regulations or tax treatment may adversely affect the ETI, its structure or returns to investors.
Key facts about the LC Invest Value Edge ETI for investors and financial professionals.
It is an Exchange Traded Instrument / Actively Managed Certificate (ISIN DE000AMC0BZ5), issued by iMaps ETI AG and listed on Börse Stuttgart and the Vienna Stock Exchange. It takes discretionary exposure to Gold (XAUUSD) and major Forex pairs. The strategy, developed by Luca Cunin, combines Smart Money Concepts, Price Action and Fundamental Analysis. FRAMONT & Partners Management Ltd is the MFSA-authorised AIFM and Delegated Portfolio Manager.
Primarily XAUUSD (Gold versus the US dollar), with major Forex pairs such as EUR/USD, GBP/USD and USD/JPY as a secondary universe. Entries are taken only when Smart Money Concepts (liquidity sweeps, order blocks, BOS/CHoCH), Price Action confirmation and a supportive macro backdrop align.
The strategy was developed by Luca Cunin, founder of LC International LLC and co-founder of the LC Alerts community. FRAMONT & Partners Management Ltd is the MFSA-authorised AIFM and Delegated Portfolio Manager. iMaps ETI AG (LEI: 5299000ESEDFHHWG3R53), Schaan, Liechtenstein, is the issuer and market maker.
The ISIN is DE000AMC0BZ5. The ETI is listed on Börse Stuttgart (XSTU) and the Vienna Stock Exchange (VSX). The ETI trades in EUR with an issuing price of 100 EUR, with daily liquidity and T+2 settlement. iMaps ETI AG acts as issuer and market maker.
Management fee: 4.5% per annum for retail investors (non-exempt / public offer) or 6.0% per annum for professional investors (exempt offer), as disclosed by iMaps ETI AG. Performance fee: 20% with a high-water mark, per the official documents (applied by iMaps ETI AG as issuer). Entry fee: indicatively 0.50%–1.00% (to be confirmed). The target minimum investment is €1,000. The legally binding cost breakdown is in the PRIIPs Key Information Document (KID).
No. The +483% / 147% CAGR figures for 2025 refer to Luca Cunin’s personal trading account, independently verified by accountant Paul Bienvenu from a journal of 858 trades. The ETI has not yet launched. This track record is provided as background on the strategy developer and is not the past performance of the ETI, nor indicative of the ETI’s future results. Capital is at risk.
The live track record (2025, $25,000 → $145,978, 858 trades) is from the strategy developer’s real trading account and has been independently audited by accountant Paul Bienvenu. Any supplementary backtested or simulated figures shown on this page are hypothetical, calculated retroactively on historical data, and have not been independently audited. They are subject to hindsight bias and data-mining risk and are not a reliable indicator of future results.
This is a high-risk product. Key risks include market and leverage risk, concentration in Gold and FX, discretionary and key-person risk, liquidity risk, currency risk and counterparty risk. Capital is at risk and you may lose some or all of your investment. Past and backtested performance is not indicative of future results.
Contact the strategy developer and FRAMONT & Partners Management Ltd to obtain the Key Information Document (KID), Final Terms and all official instrument documentation for ISIN DE000AMC0BZ5.
To request the KID, prospectus and subscription information, contact LC Alerts and FRAMONT & Partners Management Ltd. All official documents are provided through FRAMONT & Partners Management Ltd and iMaps ETI AG.
contact@lcalerts.ch →Download the official PRIIPs Key Information Document for ISIN DE000AMC0BZ5 — mandatory regulatory document containing essential information on the nature, risks, costs and potential outcomes of this instrument.
Download Key Information Document (EN) →